The employment rate of business and financial occupations is expected to grow faster than the average for all occupations. This growth rate will result in an average of about 911,400 job openings annually.
Furthermore, professionals in these occupations can expect to earn a median annual salary of $79,050, higher than the median yearly salary for all occupations of $48,060. So, Master’s in Business Administration (MBA) programs, especially 1-year online MBA programs, are extremely popular. With such a truncated timeline, students enjoy lower tuition costs, fees, accommodations, and living expenses.
Below, we’ll discuss the benefits of an online MBA degree, including the program’s structure, admission requirements, and tips for succeeding in a fast-paced, virtual learning environment.
What is an online MBA degree in 1 year program?
Traditionally, an MBA degree program takes two years and requires students to take classes full-time and in person. But, such a rigorous and demanding schedule does not work for many students nowadays, especially ones who want to save money, continue working, and advance their careers.
To fill this need, many colleges and universities, including University of Bridgeport, offer graduate students the opportunity to get an MBA in one year through an 1-year online MBA degree program.
1-Year online MBA degrees are designed to equip future business leaders of any age with a comprehensive understanding of modern business practices. Their curriculum explores various aspects of business administration by blending theoretical coursework with practical application.
Students gain valuable insights into areas such as finance, marketing, operations, and strategic management, empowering them to navigate complex business challenges confidently.
Some common and popular MBA courses found in an online MBA 1 year program include:
- Business Planning
- Global Program & Project Management
- Information Systems & Knowledge Management
- Managerial & Cost Accounting
- Organizational Behavior
Ultimately, choosing an online MBA in 1-year degree program allows students to complete their master’s and advance their career faster than traditional MBA students through asynchronous classes and the flexibility to learn and study from wherever and whenever they want to.
What is the structure of an MBA degree in 1 year?
The 1 year online MBA degree is best suited for busy professionals who want to advance their knowledge and career without taking too much time away from their professional and personal lives.
Candidates in these programs have multiple start date options, allowing them to begin their education exactly when they’re willing and able. Classes are typically held in 7-week, online sessions, allowing students to study where and when they want.
Additionally, online programs offer students the choice of concentrating in an area of specialization, guaranteeing that they don’t miss out on a quality education simply because they’re studying online.
University of Bridgeport, for example, offers the following MBA concentrations in their online 1-year MBA degree programs:
- Accounting
- Analytics Intelligence
- Finance
- Healthcare Management
- Human Resources Management
- Management
- Marketing
Each concentration requires nine credits of specialized study in addition to the core program requirements.
The University of Bridgeport Ernest C. Trefz School of Business is where theory and practice come together for student success. Learn more today!
What are the admissions requirements for getting an MBA in 1 year?
Of course, to earn an online MBA degree in 1 year, students must first apply for the MBA program, so you’ll need to gather a few materials to get started.
Note that every 1-year online MBA program will have different admission requirements, so students should do their research to understand what will be expected of them.
For example, at University of Bridgeport, our 1-year online MBA degree prerequisite and admission requirements are:
Prerequisites
- Bachelor’s degree from an accredited university or recognized international institution.
- Depending on one’s undergraduate background, students may be waived from up to 12 credits of preparatory business coursework. Prerequisite waivers are evaluated once an application is complete.
Admission requirements
- Application
- Official transcript for the last degree earned. To be considered for a scholarship and prerequisite waivers, students must submit transcripts from each institution attended.
- Resumé
Applicants must submit a completed application and all supporting documents by July 15th for the fall semester and December 1st for the spring semester.
Four tips for succeeding in a one year online MBA program
Succeeding in an accredited 1-year online MBA program starts with choosing the best MBA program for you.
Prospective students should consider their personal and professional goals, visit their prospective schools, and speak with students and alumni to determine whether the program’s mission and environment meet their needs.
However, the hard work is only the beginning, and students will need to work continuously to succeed in a rigorous 1-year MBA degree program.
1. Practice effective time management
Accelerated degree programs, such as an online 1-year MBA degree, are perfect for those looking to significantly reduce the time it takes to earn their degree.
However, this accelerated format also means a more rigorous course load and fewer breaks between classes and semesters. Plus, candidates will need to absorb and retain the information taught more quickly.
In order to handle the intense workload, students will need to develop solid and practical time management skills.
2. Stay organized
Staying organized goes hand in hand with effective time management, especially with an accelerated online MBA degree in 1-year-program.
In order to get an MBA in 1 year, programs have limited flexibility in terms of course selection and scheduling. As such, students need to stay on top of their assignments and deadlines.
Consider using a traditional paper or online planner and setting up reminders to stay on top of your school work.
3. Leverage online resources
Going to school online can feel isolating, but it doesn’t have to be.
When teaching virtual classes, most faculty members keep regular virtual office hours and aim to make themselves as accessible to students as possible.
Maintain an open line of communication with your professors and school faculty. Ensure you know how to contact your professors and program advisor if you need to ask any questions or voice concerns.
Knowing which departments you can consult if you are having any technical difficulties is also helpful. Lastly, taking advantage of the comprehensive support services at one’s school will help you get through college and into a great career.
4. Actively participate in virtual class discussions
Class discussion boards are another great way to form and maintain connections with your colleagues through debate, discussion, and development.
Plus, exchanging ideas and interacting with learners from diverse backgrounds will build your own knowledge and skill set.
Get an MBA degree in 1 year at University of Bridgeport
Pursuing an online MBA degree in 1 year is an investment in time, energy, and money. Yet, the rewards are just as fruitful, with benefits in marketability, career advancement, curriculum development and knowledge, and ample networking opportunities.