For working professionals and those with an undergraduate degree in business, an online one year MBA program is a logical choice. It will allow them to skip unnecessary reviews of business basics and delve right into the more complex topics that will adequately challenge them. In addition, as the one year MBA is only half as long as a typical MBA program, the tuition is much lower for the shorter program. For example, at Clarkson University , the tuition for a one year MBA program is approximately $10,819 less than the regular two-year MBA program. With financial aid, grants, and scholarships, you could incur even more savings.