An accelerated MBA program is a condensed, intensive degree plan that offers an MBA education in one year, rather than the usual two years. In an accelerated online MBA program, students check lectures, complete course work and participate in discussions through Internet platforms, as they would in any online MBA program. However, an accelerated online MBA program will entail more advanced work at a very fast pace. Accelerated MBA programs, which usually take about 10 to 15 months to complete it, have been growing in popularity in recent years. Businessweek.com reports that at some schools, admissions officers have seen application rates for their one-year online MBA programs surpass those of their two-year ones.
Many schools offer accelerated online MBA programs geared toward individual student goals. A great example is the varied accelerated MBA program that is available at Suffolk University. The Accelerated MBA for Previous Business Majors allows students with undergraduate business experience to opt out of as many as eight courses of the traditional 18-class MBA program. Suffolk offers a similar program with its Accelerated MBA for Attorneys. The GMAT is waived during admission with documentation of LSAT scores. The business law course is waived, and four elective credits are transferred from the student’s law school degree. This shortens the traditional Suffolk MBA program by at least five courses, and students are able to graduate after 10 to 13 classes. Suffolk also offers an Accelerated MBA for CPAs, which works in the same direction.
More and more schools are starting to offer accelerated versions of their online MBA programs. However, it is important to ensure that an MBA degree is awarded as a year-long program. The term “accelerated” is sometimes used to describe two-year programs as well. Two schools that offer quality one-year online MBA programs, designed to take only 10 to 15 months to complete, are Babson College and the University of Florida. In fact, both schools placed among the top 10 one-year MBA programs in rankings by Macquil.com. Also, the business programs at the University of Florida are accredited by the AACSB, and, according to the school website, the university was recently recognized as having one of only two distance-learning programs in the world to earn the rating of “excellent” by The Economist magazine.