The number of AACSB-accredited one-year MBA options has surged more than 250% in the U.S. since 2012. It is the new dominant model in Europe, driven by employers who wish to enhance their promotable candidates’ skills, and working professionals who want to position themselves for management.
The MBA Paradigm Is Changing
The traditional two-year MBA is waning in demand, notes a report from CarringtonCrisp, a consultancy (BusinessBecause). The Graduate Management Admission Council recently found that only 32% of two-year programs in the U.S. reported increased application volumes.
U.S. News & World Report suggests that “tuition for a two-year MBA at a top school can run $140,000, and then there is the extra year of lost salary … estimated at an additional $63,000.” Here’s one more data point to consider: A two-year MBA at a major school “can cost upwards of $200,000 (Business Because).” It is no wonder that the one-year MBA has become the standard for professionals in the early to middle stages of their career.
Just over half (51%) of respondents in the CarringtonCrisp study said they would only enroll in an MBA program if they received a scholarship, 54% if they could get a loan to defray the costs, and 42% if their employers covered some of the bill.
Fortunately, for many working professionals around the world, there is an alternative. The accelerated one-year MBA at William Paterson University (WP) can be completed in 12 months, with affordable tuition for in-state and out-of-state students of just $17,490. The program is 100% online, and students integrate it into their professional and personal lives, completing coursework anywhere at any time, as their schedules permit. WP online MBA students do not have to take time away from their jobs or their families to earn their degrees.
AACSB Accreditation: Standard of Excellence
The Association to Advance Collegiate Schools of Business (AACSB International) lists the Cotsakos College of Business at William Paterson University (WP) as accredited. As the highest standard in business schools since 1916, AACSB provides quality assurance, business education intelligence, and learning and development services to over 1,700 member organizations and more than 840 accredited business schools worldwide. The Cotsakos College of Business is in elite company — a fact noticed by employers — fewer than 5% of the world’s business schools earn AACSB accreditation.
What accreditation means for students considering WP for their online MBA is assurance that they will emerge as graduates from programs that meet the world’s highest standards for business education.
1 General MBA and 5 Specialized MBA Programs
The Cotsakos College of Business offers a general MBA online as well as five specialized programs so professionals can focus on specific fields and disciplines:
Master of Business Administration General online:
This program embeds top-down management, leadership, decision-making and career development themes throughout a broad-based curriculum, preparing graduates to assume high-level positions with confidence.
Master of Business Administration with a concentration in Marketing online:
By overlapping a strong business foundation with related fields such as social media, grassroots marketing, public relations, professional sales, data analytics and global marketing, this program prepares graduates for a wide range of leadership opportunities.
Master of Business Administration with a concentration in Entrepreneurship online:
With a focus on key areas of management, marketing, finance and other disciplines, students acquire the tools to serve as engines of business development.
Master of Business Administration with a concentration in Finance online:
Designed for those who are curious and exploratory by nature, this program provides a thorough study of budgets, corporate mergers and acquisitions, trade markets and derivative securities.
Master of Business Administration with a concentration in Human Resource Management online:
This program trains students with the skills to impact all levels of an organization, from HR management and corporate recruiting to employee compensation, training and development.
Master of Business Administration with a concentration in Accounting online:
Specifically aligned to meet updated guidelines for CPA study, this program also enhances attributes for careers in public accounting, banking, risk management, auditing and taxation.
If you want to maximize career opportunities while making the most of your prime years of leadership advancement potential, consider raising your trajectory by enrolling in a WP accelerated online MBA program.
Learn more about
William Paterson University’s online MBA programs
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Sources:
BusinessBecause: The One-Year MBA Is Outshining the Two-Year MBA, Says Study
Wall Street Journal: One-Year M.B.A.s Gain Ground as Applications Drop
Wall Street Journal: The Top M.B.A. Programs if You’re in a Hurry
U.S. News & World Report: How to Get an MBA in Less Time
AACSB: Confirming Excellence in Management Education
