One of the benefits of today is the numerous ways we as individuals have the chance to better improve and build on our existing skills and learn new ones. Amongst the plethora of different degree programs, One of the most popular and coveted forms of higher learning in today’s world is the Masters of business administration in any form it takes including the Fast MBA format.
Despite what we just mentioned above and despite the importance of improving one’s skill set and constantly self-developing, with the number of obligations & career responsibilities time might be an issue. Realizing this we decided to introduce you and get you acquainted with Fast MBAs. Today we will be discussing what exactly is a Fast MBA and the differences between it and the normal MBA.
For starters, let’s begin by identifying what exactly is a fast MBA. Basically what a Fast MBA is the same normal or Full MBA program, in terms of being a Postgraduate higher education degree that aims to endow and provide its students with the needed managerial & leadership skills to assume a managerial or executive role in the world of business.
The main defining factor of a Fast MBA from a normal or full MBA as it’s called is the time factor, as in normal MBAs the duration would usually be anywhere from 2 to 3 years, while in the Fast or accelerated MBA as it’s otherwise known the duration is shortened to a year.
2) Fast MBA Courses and specializations
When it comes to Masters of business administration, more specifically Fast MBA degrees, the lineup of available specializations or concentrations to choose from are pretty much the same as your standard classic normal MBA with most accelerated or fast programs taking the form of an online MBA program.
Here are the most common specializations you’re most likely to find yourself studying if you choose to pursue an MBA:
- International business
- Public administration
- Human resources management
- Financial management
- Healthcare administration
- Data analytics
- General management
- Supply chain management
- Strategic leadership
- Project management
- Negotiation and influence
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So now that our familiarity with what the fast or accelerated MBA degree is & the specializations or concentrations of this coveted degree.
It’s highly likely that the first question that came to your mind was why?. Why in the terms of why pursue an accelerated MBA degree over a normal full MBA degree? & that’s exactly what we will attempt to answer straight away
Save your time
As we clarified before one of the main or core features in a fast MBps is that its study period is 12 months, aka a year. This will definitely prove useful for those of you out there who are already committed to a full-time job.
It is worth mentioning however that, due to the short completion period, the amount of coursework that needs to be finished in shorter periods of time will mean that you will need to do more, shorter vacations & shorter semesters.
Save your money
Spending a lesser period studying for the MBA degree and finishing up the required coursework & examinations means that you will save in yearly tuition & registration or fees will lessen the financial impact of your fast MBA degree.
Save yourself the hassle
A glaring benefit and great functionality of fast MBAs is that most, if not all of them come in an online format. This offers a great benefit in terms of convenience and eliminating or greatly lessening the hassle and expenses of needing to commute to a physical location.
4) Tuition & Top ranking fast MBAs
Now, let’s talk about financials in terms of tuition & rankings of the Fast MBA, starting with the costs of an MBA. The average range or cost of an MBA in the US average of 140,000$, including tuition fees & textbooks.
As from rankings, here are some of the top business schools & institutions that offer some great fast MBA programs and the best of them.
- The University of Arizona
- Saint Joseph’s University
- Texas Tech University
- University of Cincinnati
- International Business Academy of Switzerland
- Asia e University
In conclusion, you choose to go for a full, executive, part-time, accelerate, or fast MBA, you’re definitely boosting your career & securing yourself a better position financially wise and opportunity-wise. We hope this piece has been helpful to you and good luck on your MBA journey.