Kellogg School of Management | Groups

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One-Year FAQs for Pre-Admit Prospective Students

 

Overall

 

  • What are the key differences between the One-Year and Two-Year program?

 

The summer quarter (first quarter for One-Year students) is the main difference between the two programs.  The Two-Year (2Y) students start classes in the fall while the One-Year (1Y) students go June to June for a total of 4 quarters over which they must complete at least 15.5 credits in order to graduate.  As far as the summer goes, Chicago is the best summer city in the world and the summertime, when the 1Y’s own the school, creates a unique bonding experience for 1Y cohort.

 

During the rest of the year, the experience is quite similar. 1Ys are able to take all the same classes as the 2Ys, they have the same full-time recruiting opportunities, they are able to take on leadership roles in the student association, clubs, groups, etc., they are able to participate in practicum experiences, such as lab-based courses, GIM, KWEST, the annual ski trip etc., and the list goes on.

 

With respect to recruiting, the recruiting cycle and/or intensity can vary among 1Ys and 2Ys.  The 2Ys have an opportunity to secure an internship and then recruit for full-time roles the fall after their summer internship.  Due to the one year structure of the 1Y program, the 1Ys do not have an internship option and go into recruiting mode towards the end of the summer quarter or right from the start of the fall quarter.  Recruiting efforts vary depending on whether you as a 1Y are sponsored, are pursuing a role that matches well with your prior experiences,  or are a career switcher looking to jump industry or function, with the last one typically taking the most effort.

 

 

  • What do I miss by being in the One-Year Program?

 

From a career standpoint, you miss out on the summer internship, while from a social standpoint, you miss out on an additional 2 quarters.  Nonetheless, the 1Y program is structured so you are still able to maximize  experiences within the one year that you are on campus.  Most students are able to capitalize on the one year they have, to build strong relationships with not just the fellow 1Ys but also the 2Ys through participation in clubs and various events, and through interactions in the classroom.  This results in the 1Ys leaving Kellogg with as robust a network as the 2Ys.

 

 

  • What is it like to be on campus and in Kellogg over the summer??

 

Being at Kellogg during the summer is a special and unique experience. The 1Ys, MMM’s, and a few JD-MBAs are the only ones taking classes at and roaming the halls of Jacobs Center, while getting plenty of attention from faculty, staff and administration.  Since, most of the Kellogg students are in summer internships, the 1Ys have almost unlimited opportunities to meet with career counselors in the CMC over the summer and take advantage of all the resources to plan their recruiting strategy for the upcoming recruiting season.  In general, over the summer Evanston becomes relatively quiet as most of the students, undergraduate and graduate, are not on campus.  Evanston is a fantastic place to be over the summer, and 1Ys find themselves running into fellow 1Ys all over Evanston.  Furthermore, 1Ys enjoy plenty of group outings and activities at Jacobs Center, at different venues in Evanston, and even at places in downtown Chicago.

 

Although, 1Ys get the attention and tight-knit community of a smaller school over the summer, in the fall they are nonetheless able to take full advantage of the many organizations, classes and large network that are only available at a school as large as Kellogg.

 

  • Are 1Y’s able to integrate effectively with the broader Kellogg community?

 

1Y’s do have to make an effort to meet the 2Y students, but this is no different than how the 2Y students have to make an effort to meet people outside of their sections. The key difference with the 1Y program is that you only have one year to do it. KWEST trips are a great way to meet people as you will spend a full week bonding with up to 25 random students. In addition, getting involved in club activities and going out of your way to work with 2Y’s in group projects are other good ways to meet more people.

 

 

Student Profile / Life

 

  • What is the typical profile of a One-Year Student?

 

The answer to this question is quite difficult as there is no set-profile for the 1Y class.  There is a diverse mix of students that complement each other in order to provide the 1Y class with the best learning experience in and out of class.

 

Every year the 1Y class is comprised of bright and accomplished individuals from all different walks of life, regional and religious backgrounds, age, gender, marital status, etc.  The 1Y class boasts a mix of business background students and non-business background students, all who have met the pre-requisites prior to applying.  For a profile of the current 1Y class, please visit the campus group site - https://kellogg.campusgroups.com/1yprogram/admitted-student-profile/

 

 

  • Does the pace of the One-Year program provide time for getting involved in activities outside of class?

1Ys can be and are involved in a variety of activities, clubs and leadership positions during their year at Kellogg.  The key thing to note is that the 1Y program is an accelerated program only from a time-frame standpoint, but the intensity of the studies and curriculum is on par with the 2Y program.  As a 1Y you will have equal opportunity to participate in clubs and student organizations, Kellogg intramural sports teams, Special K!, Kellogg musical bands, practicum experiences, lead clubs etc.  To be more precise, you will not be disadvantaged in any way.  In fact, if you as a 1Y decide to take on leadership roles with clubs and organizations, then you will find that there are plenty of clubs and student groups that reserve leadership positions specifically for 1Ys.  Lastly, Kellogg Cares a volunteer group at Kellogg is run solely by 1Y leadership.  (Is this still true?) In short, there is no shortage of opportunities for 1Ys to get involved in and lead at Kellogg.

 

  • Do clubs have leadership positions available to 1Y students?

Absolutely. Clubs have been structured such that most clubs must hold at least one position open for a 1Y representative e in order to receive their full allocation of resources. Additionally, there will be lots of club activities that you can volunteer to lead throughout the year. If you have a particular interest in a specific club it is recommended to contact the current leaders to ask them what opportunities may be available. There might not be a lot of club activities during the summer, but your classmates will undoubtedly organize a lot of groups to keep you busy in various activities and exploring Evanston and Chicago. You can visit a full list of Kellogg clubs via campus groups website - https://kellogg.campusgroups.com/

 

Eligibility / Sponsorship

 

  • What are the eligibility requirements and how do I determine eligibility?

 

The simplest way to determine eligibility is to visit the eligibility section on the 1Y Kellogg website http://www.kellogg.northwestern.edu/Programs/FullTimeMBA/MBA_Programs/1_Year_Program.aspx#eligibility and review the eligibility requirements.  Furthermore, the same website will also list the core classes that prospective students must have completed prior to applying and matriculation.  If after reviewing you still have questions, then you may complete the course template Excel file (available on the eligibility website) and email the document to mbaadmissions@kellogg.northwestern.edu for review.

 

 

  • I have heard that the majority of the One-Year MBA class is composed of sponsored candidates.  If I am not sponsored by my company, will that affect the admissions committee’s decision regarding my application?

The 1Y class has a good mix of both sponsored and non-sponsored students, including a significant number which are not. Most of the students in the 1Y program tend to have a very clear focus of their future career plans, especially given that they are not able to complete an internship. This is what typically differentiates 1Y applicants from 2Y applicants and this is one of the primary reasons prospective candidates apply to the 1Y program.  Those who are sponsored typically know that they would be more than likely returning to their previous employer, thus the 1Y program suits them well.  However, at the same time many sponsored candidates apply to the 2Y program instead of the 1Y program, as they are looking to get something more or different out of their MBA experience, or are simply not concerned with completing their MBA in a shorter time-frame.  In the end it is not the sponsorship that will determine your candidacy, but rather your entire application, and the goals that you are aspiring to accomplish and whether the 1Y program can serve as the ideal vehicle for you to reach your goals.

 

 

  • The One-Year class size is small.  Does this mean admission is more competitive?

 

Admissions for both the 2Y and 1Y programs are equally competitive. The eligibility requirements of the 1Y program requires pre-requisite courses to be completed, apart from which the admissions process remains equally competitive.

 

 

Scholarships / Financial Aid / ROI

 

  • Are scholarships and/or financial aid available for One-Year Students?

 

Scholarships and/or financial aid are available to 1Y students.  All applicants are considered for aid.  The type and amount of aid awarded is dependent on the individual applicant. Please refer to the website for more details on scholarship and financial aid - http://www.kellogg.northwestern.edu/programs/full-time-mba/tuition-financial-aid.aspx

 

 

  • Is financial aid available to international students as well?

 

Yes, all admitted international students are eligible for financial aid offered through private student loans as well as NU loan.  

http://www.northwestern.edu/sfs/loan_instruc_info/private_loans.html

 

  • ROI / payback period

 

Academics / Curriculum

 

  • What does the academic calendar look like for the One-Year program?

 

The 1Y Program runs from June to June, with students taking four consecutive quarters beginning in the summer all the way to the following spring. During the summer quarter, 1Y students take all the classes with fellow 1Y classmates in a wide range of courses including core courses that students were not able to waive out of prior to matriculation as well as elective courses across all subjects. When the fall quarter begins, 1Y students become second-year students and begin taking classes with the rest of the student body. For the full academic calendar, please refer to http://www.kellogg.northwestern.edu/academic_calendar.aspx on the Kellogg website.

 

  • How flexible is the One-Year curriculum?  What electives are available to One-Year Students?

 

The 1Y curriculum is known for the flexibility it offers students. Once all the core courses are waived or completed (prior to matriculation for most students), student will essentially build his/her own curriculum by choosing from a wide range of elective courses that are catered towards his/her career goals and personal interests. All the elective courses offered at Kellogg can be found through the online course catalogue at the following link: http://www1.kellogg.northwestern.edu/dpco/catalog.asp.

 

  • Will I be at a relative disadvantage for not having taken the core courses at Kellogg?

 

To the 1Y students, it is actually an advantage to have the ability to waive out of core courses because they can focus on advanced electives that are relevant to their career and personal interests, allowing them to maximize the value of their MBA education in the one-year period at Kellogg. 1Y students find that not only can they pick up where they left off from undergraduate studies quickly, but more importantly they consider that their professional work experiences allow them to comprehend new concepts much more thoroughly and efficiently. In addition, the excellent quality of professors and collaborative nature at Kellogg offer valuable resources that every student has access to, eliminating any possibility of relative disadvantage among all four types of MBA programs offered at Kellogg.

 

  • I heard that the One-Year program is an accelerated program, so does this mean that the program is much more intense or does it require a heavier workload?

 

While the 1Y Program is considered as an accelerated program, its intensity and pace can vary depending on each individual student’s commitment and interest. 1Y students are required to complete 15.5 credits in four quarters in order to graduate, which is equivalent to the 2Y Program’s requirement of 24.5 credits to be completed in six quarters. However, since 1Y students are more focused in their career goals with some of them returning to their previous employers or their previous industries upon graduation, they are committed to maximizing their learning experiences at Kellogg in a relatively shorter time period compared to the 2Y students. Moreover, since 1Y students do not have a summer break and summer internship, some may find four consecutive quarters to be considered fast-paced and accelerated.

 

It is important to note that the 1Y Program is different from other accelerated MBA programs especially those in Europe and Asia, whereby a two-year curriculum is condensed into a one-year program. Kellogg’s 1Y Program, on the other hand, accepts students who have undergraduate business degrees and thus do not need to repeat core courses that they have already completed during their undergraduate studies. This allows students to build their own curricula with relevant and advanced elective courses and return to the workforce as soon as possible.

 

  • Can One-Year students participate in the more globally related programs/classes such as Global Lab and Global Initiatives in Management (GIM), KWEST, etc.?

 

Yes, 1Y students become second-year students once the fall quarter begins and are entitled to participate in all globally related programs including but not limited to Global Lab, Global Initiatives in Management (GIM) and KWEST. For study-abroad/exchange programs that take place in the winter quarter, 1Y students typically choose not to participate since spending one year at Kellogg is already relatively short and students need to fully utilize all four quarters to take all desired classes and maximize their Kellogg experience though the option is equally available to 1Y students.

 

Career

 

  • How easy is it to make a career change with the One-Year program?

 

While most 1Y students continue on the same career path, there are also a large number of students who seek to make career changes.  How easy the transition is depends on the individual as well as how dramatic the career change is.  1Y students who have been successful in making career changes have done so by taking full advantage of the career center’s services, the many industry clubs on campus, and the extensive Kellogg alumni network.  Further, many 1Y students also benefit from their fellow students who can help make introductions and provide advice on their respective industries.

 

  • What career opportunities are available to One-Year students?

 

With the exception of the summer internship, 1Y students have the same access to all career opportunities as the 2Y students.  Further, some 1Y students actually participate in some of the internships that are available during the year through “lab-based” classes such as Venture Lab or Buyout Lab that partner with companies in the Chicago area and other major cities to provide students with hands-on experience in different industries.

 

To view job placement statistics, you may access the latest employment report through the following link: http://www.kellogg.northwestern.edu/career_employer/Employment_Statistics.aspx

 

  • Is recruiting more difficult for One-Year students compared to Two-Year students?

 

The same on-campus recruiting opportunities are available to both 1Ys and 2Ys.  If a 1Y student is making a dramatic career change, the recruiting process may be a bit more challenging without the internship (however, that difficulty is no different than obtaining the internship itself).  It is important to note that most on-campus opportunities are entry-level MBA positions.  For 1Y students who are seeking more senior roles due to extensive prior experience in a field, on-campus options are available but may be limited in some fields.  For more senior or non-traditional roles, many 1Y (and 2Y) students also seek positions via the off-campus process which is well supported by the Career Management Center.

 

  • Do recruiters view the Kellogg MBA differently when you are a One-Year?

 

Although some recruiters that participate in Kellogg’s on-campus recruiting process are becoming more familiar with the 1Y program, recruiters generally do not view 1Y students differently from 2Y students from an applicant selection process.  Recruiting is a chance for you to tell your individual story, including why you chose the 1Y program and the benefits it has provided you and your potential career.     

 

  • What types of services and activities will be held during the summer to prepare us for fall recruiting?

There are a number of activities held during the summer quarter to benefit the 1Y students. Apart from the networking events and presentations from consulting companies such as Bain, BCG, McKinsey etc., there are also information sessions on other industries and opportunities for mentorship programs. For instance, this year in summer apart from consulting office visits and information sessions, there was a GE mentorship program providing internship-like experience to the 1Y students along with mentorship from senior personnel on careers in GE.

 

In addition there are summer speaker series from experienced individuals in all walks of life. There are lots of resources at Kellogg in the Career Management Center including focused workshops and sessions to help you in your career, which is available to the 1Y students exclusively over summer.

 

Housing and Living

 

  • Where should I live?

 

The most common options are McManus, Evanston apartments/coach-houses, or Chicago. Most 1Y students don’t choose to buy property unless they intend on staying in Chicago post-Kellogg. Each option carries pros and cons.

 

  • Should I live in Evanston, or can I live downtown?

 

Most students choose to live in Evanston to maximize the social aspects of Kellogg experience, unless prior living arrangements or spousal/partner considerations make that impractical. However it is feasible to live in Chicago and drive down / travel to Evanston for classes and other activities.

 

  • What are the facilities in McManus Housing and relative costs to a 1BR in Evanston?

The McManus rent includes utilities, internet and basic furniture. You still have to buy your dishes and glassware, pans, television, linens, etc. However, this can normally be done cheaply by buying items from outgoing students, either upon arrival by checking out the message boards, or beforehand by checking out the online discussion board. When comparing the cost/quality of McManus versus other apartments, there are a few things to keep in mind.

 

Pros for McManus:

  • Location – it’s right between the school and downtown Evanston (both only a 5 minute walk)
  • A rental  fee that is on the low end of what you would find for other places (especially if you have to purchase/rent furniture)
  • The possibility of meeting other Kellogg students, either by singing up for a roommate or through social activities organized at McManus.

Cons for McManus:

  • McManus apartments are a lot older and more basic than commercial apartments
  • The rooms are often smaller (especially the studio apartments), and you cannot share an apartment with more than 2 people

            Lower cost McManus apartments (i.e. twin studios) may be more economical than Evanston rentals. However, if you find a roommate, you can generally get higher quality commercial rentals at very competitive prices.  Another point to consider is that international students without significant credit history may find the additional security deposit demanded by landlords/utility companies prohibitive.