anirudh316 wrote:So if I understand correctly, if I want a career/industry change, I should go for the 2 yr regular MBA because of the internship opportunity?
Is the "Value" of the 1yr same as 2yr, considering the post MBA salaries?
Hi anirudh316--
The MBA education is not interchangeable, in that different schools offer different specializations and opportunities -- however the MBA degree is essentially the same from any well-regarded institution, in that you'll get a similar "core" education in the disciplines of finance, accounting, statistics, operations, marketing, etc. This is true regardless of program length or structure. So on this basic level, the "value" is the same.
Post-MBA salaries can vary quite a bit from institution to institution, partly due to regional factors and also due to reputation. However, at a very high level, you should expect to be able to earn the same coming out of a 1-yr vs a 2-yr program - but this is a very large generalization! Graduates of a 1-yr program tend to have more baseline work experience, which makes them more attractive to employers. There is a LOT of variation among schools and programs. But the MBA is an MBA regardless of where you get it.
Now the big difference is, if you're in school for 2 years, the COST is much higher, both in strict dollars and the opportunity cost too (the actual tuition, plus living expenses in what's often an expensive city, and two years out of the workforce, not earning money). So in terms of ROI, many people prefer the 1-year options. This is also why many people choose part-time MBAs.
People make career changes out of a 1-year program all the time, though it's not as easy as doing so with the internship you get in a 2-year program. The profile of student is often quite different for the different types of MBAs so that would be an area to investigate too.
Good questions aniridh316!
EssaySnark
