One Year MBA

An MBA today comes in many variations: the full-time 2 year MBA, the full-time 1 year MBA, distance-learning MBA, part-time MBA, executive MBA - all options that have evolved to suit specific needs of the customers (us). However, all the good MBA programmes irrespective of their duration mainly focus on developing 3 competencies: knowledge acquisition, leadership skills and the ability to network.
The 1-year MBA is specifically designed to suit the requirements of experienced professionals like myself who are looking for a change in or add a zest to their careers. The student profile of a 1-year MBA is quite different. They are slightly older, with a minimum of 4-5 years (or even more) of experience. The 1-year MBA also provides a cost advantage for self-funded students. The cost, in terms of tuition and living expenses, as well as the opportunity cost of leaving their job is proportionately lower. This model also helps students on a sabbatical to return to their workplace quickly. Companies intent on equipping their employees with General Management skills prefer a 1-year programme for the same reasons.
Now, the 1-year programme is quite intensive and requires a high degree of commitment. However, there is no doubt that it is a good preparation for achieving success in a corporate setup where effective time management and priority-setting are essential skills. The 1-year programme also aims to improve job effectiveness and ability to respond swiftly to newer situations. Networking with experienced peers is another important outcome.
I personally see the 1-year programme as a faster way of reinventing myself. Finally, it's a matter of individual choice to suit individual needs.