Accelerated MBA Program
Today, more than ever, we live in a fast-paced world where time is a commodity. There are not enough hours in the day to accomplish everything that needs to get done. Colleges and universities are being responsive to these needs by offering accelerated MBA programs of study.
What is an accelerated MBA program?
An accelerated MBA program is a fast-paced program that usually allows candidates to complete their course of study and earn their degree within a 12 to 18 month period. Because accelerated MBA programs are completed in a shorter timeframe than traditional MBA programs, accelerated MBA programs are open to those that have advanced knowledge of the fundamentals of management. This advanced knowledge is typically from some combination of undergraduate coursework and industry experience. Accelerated MBA programs are not beneficial to those who do not have this type of experience and knowledge because they spend less time covering core business subjects that are traditionally offered during undergraduate work.
What are the benefits of an accelerated MBA program?
An accelerated MBA program is not for everyone. Since accelerated MBA programs cover more ground in less time, it allows candidates to return to work much faster than a traditional MBA program. There are also accelerated MBA programs that run nights and/or weekends, so that individuals can continue with their full-time employment while earning their MBA.
Another benefit to the shortness of an accelerated MBA program is that they do not typically require internships. While traditional MBA programs require students to intern for at least a semester to gain experience, accelerated MBA programs skip this requirement altogether. One less semester of having to do an internship, again, allows the student to return to work at a much faster rate.
If you know former students that have earned their MBA in a traditional sense, then you have probably heard them rant on and on about having to complete a thesis in order to graduate. In an accelerated MBA program, often times you do not have to complete a thesis. Many schools have a one-week "workshop" that is given in lieu of a thesis. During the "workshop" a review is given by an instructor of all of the information that was covered during your accelerated MBA program. Then a short exam is given at the end of the week. As long as the student has attended the "workshop" and passed the exam (as well as passed their courses), then they are permitted to graduate.
Another benefit to an accelerated MBA program is that the schedule is already set for you. This means that you do not have to spend hours on the phone or on-campus trying to register for classes. The school sets the class schedule, which typically means that the class of individuals goes through the entire program together as one unit.
What type of MBA degrees can you earn with an accelerated MBA program?
Because of the condensed schedule, these programs to do not typically offer a chance for specialization, so it is usual a general Master of Business Administration (MBA) degree. Some schools, however, do have the option to stay on for an extra semester, to take 3 or 4 more classes toward a specialization.