Northwestern’s Kellogg School of Management Shrinks Two-Year Program, Increases One-Year Program
Amid increasing application volume for one-year MBA programs, Chicago-area business schools – including Northwestern’s Kellogg School of Management – are reallocating resources toward accelerated programs, according to a recent report in Crain’s Chicago Business.
Applications to Kellogg’s one-year MBA jumped by 6 percent this past year, and the school is increasing its one-year class to 100 from 85, with plans to add an additional 15 spots in 2013, Crain’s reports.
“We’ll shrink our two-year program roughly in line with the growth of our one-year program,” Betsy Ziegler, associate dean of MBA programs and dean of students at Kellogg, told Crain’s.
The Crain’s story cited recent figures out of the Graduate Management Admissions Council (GMAC) showing that 54 percent of schools offering one-year MBA programs reported an increase in applications for classes starting in 2012. GMAC reports that only 32 percent of two-year programs saw an increase for the same time period.
Shorter programs have potential benefits for both students and universities, according to the Crain’s article. For students, they provide an opportunity to gain expertise without sacrificing two years’ salary – and they often come at a reduced price. For example, the one-year program at Kellogg is $75,000, compared to $113,000 for the two-year MBA.
Universities, meanwhile, like larger application pools because they can lead to higher-quality students. And they can earn more over a two-year period if more students come through a shorter program, Crain’s reports.
For the complete Crain’s article, click here.
- One-Year MBA? Two-Year MBA? Pros and Cons (clearadmit.com)
- Demand for Management Education Edges Up Despite Decreased Volume for Two-Year Programs in the U.S., GMAC Reports (clearadmit.com)
Posted in: MBA News
Sign Up For Our Newsletter
Clear Admit is a leading provider of MBA admissions advice and digital content.
Clear Admit provides the latest news on the world’s best business schools together with insider advice on MBA admissions. Founded by Wharton MBA graduates with extensive experience in business school admissions, Clear Admit has been cited by various media including The Economist, Wall Street Journal and Financial Times. Learn more >>
- Top #MBA Tweets of the Week: Info Sessions
- Haas-Accenture Partnership Creates New Big Data Curriculum
- How Do You Prepare for the GMAT Exam?
- Announcing the Release of the 2015-2016 Clear Admit School Guides
- GMAT Tip: Flipping the Script on Critical Reasoning Assumption Questions
- CMU’s Tepper School Appoints New MBA Program Head
In-depth profiles of leading MBA programs in the U.S. and abroad
Step-by-step guides for the entire application process
Resources covering school-specific interview information, questions and strategy
FREE overviews of the world's leading graduate business programs