[amb23]

MBA programs should adjust to the market by developing more concentrated 1-year degrees in specific disciplines: Finance, Operations, Marketing, Product, etc.

The first year of most MBAs are just core courses in various business disciplines: you'll learn accounting if you know you want to be a brand manager for a CPG company, or you'll learn org design if you're aiming for a job at a hedge fund. While I see the value in interdisciplinary education--and while I strongly endorse interdisciplinary core courses for undergrad--these courses simply aren't necessary for a professional degree and the extra year of school costs are prohibitively expensive.

I'd love to see more concentrated MBAs that really focus on specific disciplines. Basically, cut out the first year of an MBA and just focus on a core set of discipline-specific courses. Most MBA program already have these designed as "concentrations" so I'd imagine the actual implementation of such a program wouldn't be too complex. And if they're only one year long, the price would be halved.

I've personally considered, and considered against, an MBA degree due to the prohibitive costs to even apply, but a program like this would make it much easier to swallow that pill.

[otoburb]

INSEAD is a highly respected MBA program (outside of the US) that offers a 10 month MBA[1]. This sounds more like what you are referring to, geared towards those with around 6 years of work experience.

[1] https://www.insead.edu/master-programmes/mba