How Long Does it Take to Earn an MBA
Business professionals from all disciplines are hitting the books again to earn a Master of Business Administration (MBA). This degree is a challenging and exciting opportunity to enhance your business acumen and elevate your career. While the path to an MBA is different for every student, a question frequently asked about the process is how long it takes to complete.
How long it takes you to earn an MBA will be affected by how much time you have, what type of program you choose, and what options for acceleration are available to you.
Many schools have recognized their students’ need for flexible and convenient options and therefore offer different formats like online, accelerated, and part-time to reduce completion time. To get a better idea about the differences between programs, visit our comprehensive guide at this link here.
How much time do you have?
An MBA doesn’t have to put your life on hold, but it is important to consider how your existing work and personal obligations affect how much time you can realistically devote to your classes and studies. Understanding the time commitments different programs require will help you know how long it will take to earn your MBA degree.
Which type and format is right for you?
The type and format of the program you choose determines the amount of time needed for completion. Part-time programs generally take two to four years to complete whereas full-time and online programs can take two years. Moreover, accelerated programs can even be completed in one year.
Another factor to consider is whether the program is based around a cohort model or is completed through individual study. A program with a cohort model groups together students who progress through the program, work on projects, and ultimately graduate together. While there are many benefits to the cohort structure, it does limit the flexibility you have with your time because you are on a set schedule. However, some schools offer accelerated programs under the cohort model so you can reap the benefits of team collaboration while still reducing completion time.
How can you finish faster?
If you qualify, there are more ways to expedite the process. Check with your prospective schools to see if they offer ‘professional credits.’ Essentially, these allow you to transfer relevant work experience toward your degree. Other options include choosing a program that does not require GMAT or GRE scores, as you can save time (and money!) by not having to study for or take these exams.
A Master of Business Administration is one of the soundest investments you can make in your future. MBA graduates report an increase in earning potential, valuable networking opportunities, and a deeper understanding of their life’s work. Earning an MBA is no easy feat—it takes money, effort and, of course, time. But with the right program, you can find the program that will best help you succeed not only while you’re working toward your degree, but also long after graduation.
We’re here to help. Abound: MBA narrows down your options and gets you in touch with schools that we can confirm are Accessible, Affordable, Accelerated, and Advanced. Take a look at the schools we trust and find the program that works for you.