Full Time MBA Program

The standard full time MBA program lasts anywhere between 18 and 24 months. The standard program is usually spread over four semesters, spanning two academic years.

Summers between year one and two are usually reserved for internships. Internships are great for experience, networking, and even future job options.

A typical first year curriculum consists of core business classes required for all students. The second year, however, allows for elective courses that culminate into a functional specialization.

Students do not typically work full time (or even at all) during the two year period. School is considered the most important priority. Regular class attendance during the weekdays is a must.

Distinguishing Features:

• Location:
  It is common for students often relocate to attend their business school of choice in order to get the MBA (business school prestige, reputation, and culture are highly regarded for full time programs).

• Admission Requirements:
  Students from a wide variety of academic backgrounds can apply. The main requirements are some basic business skills and an undergraduate degree (in any discipline).

• Financial Impact:
  The cost during that period can be very high when taking into account tuition, books, fees, housing, living expenses, and opportunity cost due to forgone income. Students usually rely on scholarships or loans for support.

• Classmates:
  Students develop a tight bond between classmates and instructors. The same cohort group stays together for much of the program, at least during required courses.

• Course Content:
  Curriculum can be customized through electives and/or specializations. Specializations (also called tracks, concentrations, emphases, focuses) are allowed in the second year of the program.

• Career Resources:
  MBA internships are strongly encouraged, if not required. Internships facilitate career networking and enhance learning beyond classroom instruction. Career services such as campus interviews, social and professional clubs, and career counseling often lead to placing graduates into careers upon graduation.

The full time MBA program is the best if you are looking for career development in your existing industry or if you are looking to change careers. The main downside to the full time MBA program is the total cost of the program (tuition, fees, lodging, living, forgone income). The return on investment (ROI) may be worth it. But you have to weigh it out for yourself.

Special Note:

There is also an accelerated version of the full time prgram commonly called a One Year MBA and is specifically for those that meet certain prerequisites. This type of program has several aspects that are different from the standard full time program due to the shortened program length.

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