I was just taking a look at some of the top business schools in Europe/Canada as an alternative to the Harvards/Whartons/Sterns and alot of them are 1 year programs.
We're talking about the business schools with big names too like INSEAD, IMD, Said (Oxford), Judge (Cambridge)and even Canadian ones like Queens and Ivey.
The only top tier foreign business schools that have 2 year programs are London Business School and Schulich (York).
Any thoughts on what I-Banks are going to want?
INSEAD is VERY highly respected...not as known in teh states, but still a great school from what i've heard. Nice option since they are only 1 year. i've actually been considering it, but if i can get into a top school in the US I will prob stay put rather than go to Europe.
i think it depends on the bank and where / what branch you want to work at. If it's a very "international" or European bank like a Rothschild or Goldman, then i don't think it would hurt you...
Well for starters...I'm thinking WAY ahead of myself. I'm still in my final year at university but I already have a DCM Analyst position in Debt Origination nailed with CIBC World Markets.
I'm still applying to HK for the bulge bracket and all of course and HK is where I think my future will be. Does that help?
The Schulich MBA can be done in one year if you have a recognized undergrad in business (BBA or B.Comm). Schulich seems to be more of an accounting school than IB, though. I would recommend Ivey or UofT in Canada.
Hi MonkeyBusiness, would you mind telling me which University you went to, major and GPA if possible? I assume is its a Canadian University since your going with CIBC. I'm kinda in your boat but 3rd year student and would love more info. Thanks so much.
McGill University
3 year program (1st year exempted to reduce from a 4 year program due to my British A-Levels)
B.Com Joint Honours Economics and Finance
My GPA is 3.51 but it'll probably wind up anywhere between 3.45-3.6 by the time I graduate.
Good if you are focused on international IB. I know BNP Paribas hires extensively from their MBA program.
How about the Kellogg 1YR program? I've known quite a few folks who went thru that.
It's funny you mention Kellogg. At my reception I got to speak to CIBC World Market's head of DCM and he's a Kellogg grad but I didn't know it was a 1 year program.
Its just that I hear alot of people say 1 year programs are frowned upon by businesses and banks.
1 year programs are not at all frowned upon. Not in the least. Total hearsay!!!
Two good friends of mine did the Kellogg 1 YR program.
To be honest, not everyone has the stamina to cram essentially 2 years in a one-year time frame, coupled with the same rigor of fall recruiting, interviews etc. Very demanding. Personally, I have a lot of respect for folks that do 1 YR programs.
Thanks so much for putting that to rest. I seriously doubt I can afford the traditional 2 year programs. My parents are really keen on buying a condo in TO but that means me footing the mortgage payments... Plus I kinda wanna get all schooling out of the way. SURE I'm still finishing undergrad...but I got a rough idea what I want by the end of 5 years.
I am a 2nd year at Kellogg and have many friends in the 1Y program with offers from BB firms. It is a challenging program but I think most banks recognize that.
If you want to work in London you should try HEC. Their program is 16 months, so just slightly longer than a year. They have pretty strong placement in London banks.
Ok...what if I was seeking a university that would give the best opportunities internationally.
Meaning, North America, Europe and Asia are all potential destinations.
Well, you may already know this... and I don't know why a school in the middle of Arizona has the best US based international MBA program, but so be it - Thunderbird it is.
A girlfriend did the Thunderbird accelerated 1-YR program. However she went into a product management role at L'Oreal.
I admit that I can't speak to international IB recruiting at Thunderbird :-(
Columbia has a 16month MBA track...Though its NY = ultra expensive...
In Europe the top 1 yr programs are at INSEAD, IMD and IE. INSEAD is the best school if you want to end up in banking. IE puts some people in London both in IBD and Sales but the placement is not strong as at INSEAD. IMD is probably better than IE but people who go there are usually not set on banking. Note also that the class is smaller and banks don't visit that campus. Oxford and Cambridge do not have a strong placement in banking. Probably you could force your way in by networking with former alumni but do not expect a massive on-campus recruitment as at INSEAD or LBS. Another top program in Europe (2yrs) is at IESE. They do place well in London but, if you have to go with a 2 yrs program, I would prefer to stay in the USA (unless you want an European experience and you were not admitted at LBS).
In Europe the top 1 yr programs are at INSEAD, IMD and IE. INSEAD is the best school if you want to end up in banking. IE puts some people in London both in IBD and Sales but the placement is not strong as at INSEAD. IMD is probably better than IE but people who go there are usually not set on banking. Note also that the class is smaller and banks don't visit that campus. Oxford and Cambridge do not have a strong placement in banking. Probably you could force your way in by networking with former alumni but do not expect a massive on-campus recruitment as at INSEAD or LBS. Another top program in Europe (2yrs) is at IESE. They do place well in London but, if you have to go with a 2 yrs program, I would prefer to stay in the USA (unless you want an European experience and you were not admitted at LBS).
One year MBA (Originally Posted: 03/05/2007)
I'm currently doing my BS in Finance at the University of Florida, and considering business school. I have 5 years of experience in the US military prior to UF, so I should be able to move straight to business school from undergrad.
My question is - How to banks process applicants from one year MBA programs?
What are some other pros/cons of one year MBA programs?
Thanks in advance guys.
Is it a US program? I think international schools have a one-year system, while the US is typically two-year.
As long as banks see a top MBA program, whether you got it in one or two years won't matter. Quality is more important.
Specifically, I think the "one-year system" you are referring to is European, but I'm pretty sure that it's a MSc degree rather than an MBA.
I am also looking at doing a 1-year MBA in Canada. How does that look to banks (Canadian banks)? Do banks hire Associates in Sept/Oct recruiting like they do for full-time out of 4th year undergrad?
There are some one-year MBA's in the U.S. University of Miami (Fl) has one. Not saying it's Wharton but they do exist.
I know some "1 year programs" especially in Europe are actualyy 16 or 18 months with a summer in between. I think this option will be more attractive if you have the opportunity to do a summer internship. If will greatly improve your chances of landing a full time.
I'm sure going that extra year is worth it... if you use the right discount rate.
GO GATORS!!!
Kellogg and Emory have one-year programs
(IMD also has one, but that is not really a banking school per se.)
There is one huge piece of advice I will give you about one year MBAs.
I know at INSEAD, you can take a summer start (July/August) or a Winter start (January).
If you want to do banking, START IN JANUARY. This way you have the summer to do an internship.
If you start in the summer, you are screwed because by the time the summer rolls around you will be finished and the banks are not going to give you an internship since you are done and don't want to give you a full-time job since you haven't done the internship.
I know the recruiters hate this about one year MBAs.
Again, it's certainly not impossible to get a job without an internship, but it definitely is the preferred approach.
Something to think about.
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