Lally School Launches One-Year MBA Program
In response to the growing trend toward accelerated and specialized master’s programs in management education, the Lally School of Management & Technology recently announced the launch of its new full-time one-year MBA Program. The new 51-credit hour program replaces the school’s previous two-year MBA degree program, effective this fall.
“The current economy has spurred business schools to examine how they can evolve to continue to deliver value to society,” said David Gautschi, dean of the Lally School. “The new programs that we have developed at Lally offer cutting-edge, interdisciplinary training for future leaders entering the global marketplace.”
Patterned after global MBA programs that are the norm outside the U.S., the new MBA program was developed by a senior faculty committee comprising Lally Dean David Gautschi; Jeffrey Durgee, associate dean for academic programs and associate professor of marketing; Iftekhar Hasan, Cary L. Wellington Professor of Finance; and T. Ravichandran, associate professor of information systems and operations management.
Gautschi also noted that the accelerated program will continue to teach the Lally School’s signature integrated MBA curriculum, which emphasizes the connections between functional business areas, and preparing students for real-world situations where they will work on teams across business functions such as finance, operations, research and development, and marketing.
The new program streamlines elective requirements and offers coursework through the summer and semester intersession periods. All MBA students take 10 required CORE Courses, a choice of 2 “Flex Core” courses, and five electives for a total of 51 credits. The new “Flex-Core” option allows students to explore a number of topics in-depth, and electives permit students to focus their training in one of five concentrations: technological entrepreneurship, finance, information systems-operations management, marketing-new product development, and global enterprise management.
Another new feature of the program is the Community Service Practicum course, where individual faculty members advise teams of MBA students who will work with local agencies and small business start-ups to solve local community problems and promote regional economic development.
“This program offers MBA students much more efficiency in obtaining their degree,” commented Associate Dean Jeff Durgee. “They don’t lose two years of time away from their career. Although it is a challenging curriculum, putting the course of study into a condensed format enables students to develop close cohort teams during their CORE courses together. They also learn to manage a lot of priorities in a highly demanding workload, a skill which is attractive to employers who hire our graduates.”
For more information regardng the new MBA and other master’s programs, visit www.lallyschool.rpi.edu/pub2/academic-smartfolders/d2ftmba.