New Batches at TathaGat Delhi & Noida!
One-year MBA programs in India
by Ashu Singh - Thursday, 29 March 2007, 05:01 PM
 

One Year MBA – new idea taking over the business education

It's interesting how one’s whole perspective can change within a short period of time. As a career changer, I had always believed that a two year MBA would always be a better option for me. After an in depth research I decided to take a better look at one year MBA programs. It's about the 96% of the material taught in the conventional two year program compressed in a shorter time frame. Moreover, as it turns out, the timeframe is not that much shorter as the two year programs would like you to think. Typical two year program is 16 months with extended holidays and Fridays off in a lot of cases. I've heard number of students from different programs tell me that it's actually quite relaxing towards the end of their two year programs. So one year programs are quite a norm in Europe and are slowly getting approvals around the globe. With one year programs at ISB, IIMs, S.P.Jain etc., more and more institutes are looking to exploit this crack in the newly developing mindset. The debate about ‘one-year MBA vs. two-year MBA’ will keep raging on. From “let’s learn it fast, save money, and get down to business” to “let’s take it slow, learn well and make friends,” one hears all kinds of voices. In the end, everyone would agree that comparison between one-year MBA programs and two-year MBA programs is pointless; it all depends on individual profile, time and money one can spare and, most importantly, the career path one wants to take post MBA. If you’re an MBA aspirant wondering whether one-year MBA would be more suitable for you, go through these points regarding one-year MBA:

· ADVANTAGES

â–¡ The first obvious advantage of a one-year MBA is the time that you save through one-year MBA. Saving one year means one year more of employment. Many a times your present company is willing to give you a leave of absence for one year and partially or fully fund your studies. Companies are reluctant to make that kind of commitment for two years.

□ The second obvious advantage is that you pay less fees, spend less on living expenses and lose less in terms of salary that you forgo during the time that you’re a student. For example, if you were to get admitted to Harvard or Wharton, you would spend approximately US$71 000 or $80 000 for your tuition fees alone. In sharp contrast, if you were admitted to INSEAD, IMD or IE, you would spend $54 500, $43 000 or $45 500, respectively. This may not be true for India where IIM-A fees for one-year executive MBA is nearly 8 lacs and for two-year MBA is 3-4 lacs.

â–¡ The curricula of most one-year MBA programs are not much different from that of the two-year MBA programs so you do not lose in terms of studies. It also means that a one-year program is highly intensive.

â–¡ It is highly suited to those who have already reached the mid management level and are planning to join the same career post MBA. These are people who want to join the work-wagon back as soon as possible and reach the higher level of hierarchy through their MBA degree.

· DISADVANTAGES

â–¡ Two-year MBA allows you more time for internship and network with the corporations which can land you into good jobs very often. The pace of one-year MBA does not allow time for internship. Internship into a new career is important for career changers who do not have a formal business education.

â–¡ Two-year MBA allows you time to network with companies and your own classmates. You get more time to use your business school as a base for networking. The bonding that you form with your classmates is tremendous and serves as a lifelong network in your profession.

â–¡ The assistance given by the business school in career development is much more in two-year MBA than in one-year MBA.

â–¡ Two-year MBA gives you time to enhance your softer skills. You do not find this time in one-year MBA. You can associate with clubs and societies in your business school or network with your professors. You can also join language courses and become fluent in one more language in two years. These softer skills can go a long way in helping you in your career.

â–¡ For career changers and people coming from non business background, two-year MBA is better. The longer one studies the subject the better he understands it.

As long as you understand all the facts and are able to weigh them according to your situation you will be able to make a right choice.

List of one year programs in India

  1. One Year Post Graduate Program in Management – IIM Ahmedabad

Eligibility criteria:

(a) Bachelor’s Degree or equivalent in any discipline

(b) Minimum Age – 27 years at the start of the course

(c) Upper age limit: Non

(d) GMAT - ETS CODE: 7156

  • Only GMAT scores are accepted, CAT scores are not.
  • Deadlines for application is end June (Check IIM Ahmadabad website for more details)
  • No minimum grade at Bachelor's level, but a good academic record is desired.
  • College is targeting candidates with atleast 7 years of work experience.
  • Approximately 60 seats for the program
  • Course fee is Rs 800 000.
  • Loans are available from various banks such as ICICI, HDFC, SBI, Bank of India, ranging from 7.5 lacs to 10 lacs, with some banks requiring no guarantor.
  • Small class size enables good job placements for the candidates.
  • Accommodation is available for single and married students.
  • No scholarship is available as of now.

  1. One Year Post Graduate Program in Management – IIM Calcutta

Eligibility criteria:

(a) Executives with graduate degree in any discipline (or equivalent qualification)

(b) At least 5 years of full time post-qualification professional experience

(c) A valid GMAT score (taken within the last 36 months at the time of application)

(d) Proficiency in English

  • Applications for the year 2007 – Feb 7 to May 25. (Download from http://www.iimcal.ac.in)
  • Last year student's profile

Average GMAT score – 711

Minimum GMAT score – 650

Maximum GMAT score - 770

Average years of experience - 9 years 7 months

  • Course fee is Rs 8,00,000.
  • Study loan is available from SBI against some criteria.
  • No scholarships are available.
  • Total seats available – 40

  1. Post Graduate Diploma in Management – S.P.Jain Institute of Management and Research

PGDM is a one-year full-time residential program with six months online learning as a pre foundation before joining the course.

Eligibility Criteria:

(a) Minimum 3 years of Bachelor's degree in any discipline from a recognized University in India or abroad.

(b) Work experience of 5 years after graduation. Those with 3 -5 years experience may be considered on a case-to-case basis.

(c) Candidates are required to undertake CAT/XAT/GMAT. In case the candidate has not appeared for either of these tests, s/he can opt to appear for SPJIMR test that will be held in May end 2007.

· The program fee is Rs. 553 000.

· Banks like SBI, Corporation Bank & Union Bank of India provide loan based on the offer letter given by SPJIMR. SBI is also running a Scholar Scheme, under which they are providing educational loan to SPJIMR students without any guarantor or collateral, and loan will be sanctioned on the name of the student only.

· SPJIMR does have a hostel and staying in the hostel is compulsory for all candidates. There is no provision for special housing for married candidates.

· The candidates are expected to indicate their choice of specialization at the time of application - 'Manufacturing & Operations' or 'Information Management'.

· Number of seats - 57

Link to website – www.spjimr.org

4. General Management Program For Working Executives – XLRI

Eligibility Criteria :
(a) Minimum of three years Bachelor's Degree from a recognized University in India/abroad in any discipline.

(b) Employed in a full-time job, must have at least five years of relevant managerial experience as on March 31, 2007 in an organization of repute in the public, private or nongovernmental sector after completing graduation.

(c) A candidate has the option of either taking XAT 2007 or submission of GMAT Scores. Those taking XAT need to register for XAT 2007, being held on January 07, 2007 . GMAT candidates need to submit GMAT scores taken during January 1, 2005 to December 31, 2006 .

· The course fee is Rs 6,00,000.

· Work experience breakup

· Upto 4 years – 12%

· 4 to 5 – 38%

· 5 to 6 – 27%

· 6 to 8 – 10%

· > than 8 – 13%

Link to website – www.xlri.ac.in

  1. Post Graduate Program – Indian School of Business

Eligibility Criteria:

  • A Bachelor’s degree
  • A valid GMAT Score( ETS code N2DJ501)
  • 2 years full-time work experience after graduation
  • TOEFL or IELTS score only if language of instruction during undergraduate education was not English

· Average GMAT score is 706, the range is 600 - 780

· Fee for the course is USD 40,000

· Number of seats for the batch starting April 2007 – 425. (The college has been increasing the number of seats every year)

· The are two application deadlines, the 1st one is in early Oct and the 2nd one in Early Dec

· Average work experience of the students is 7 years.

· CAT scores are accepted but once a student is offered a seat he has to take the GMAT exam and score a minimum of 690 in the GMAT.

· Scholarships are awarded, one in four students receive a scholarship ranging from 1 Lacs to 14 Lacs.

· Bank loans are available which covers upto 95% of the college expense

Link to website – www.isb.edu

  1. Post Graduate Diploma in Executive Management – IMT Ghaziabad

· Course Duration – 15 months

· Course Fee – Approximately Rs 5,00,000

  1. Post Graduate Program- Great Lakes Institute of Management, Chennai

Eligibility Criteria

(a) A bachelor's degree from any recognized institute

(b) Two years of work experience, candidates with less then 2 years of work experience will be considered on case by case basis

(c) Applicants are evaluated on basis of GMAT/CAT scores.

· Fee for the course – Rs 5.6 Lacs

· The application forms open around end September and ends in January

· Academic session begins in mid April

· The school has collaboration with prestigious Yale University of USA and Nanyang Business school of Singapore

· Hostel facility is not available as of now

· Average compensation for the year 2005-06 was 7.2 Lacs

· Total number of seats – 162

Link to the website - http://www.glakes.org/academic-programs.htm

My subsequent post will talk about various programs that are available outside India . As I have taken my sweet time collecting all the information I feel I am in a good position to share a lot of it with the students at Total Gadha.

More later

Ashutosh Singh Ashutosh Singh

Re: One-year MBA programs in India
by aj aj - Tuesday, 19 June 2007, 02:30 PM
 

Hi ashutosh,

my search for inst's providing 1 yr MBA pgms came to an end after reading ur article. thx....

i can fit into great lakes only based on the eligibility criteria.....

ne idea wat the insti is like?

Re: One-year MBA programs in India
by Archita Dash - Tuesday, 19 June 2007, 03:50 PM
 

Hi Asutosh,

I want to know if IIM Bangalore is offering an 1 year executive MBA course.

Thanks in advance.

Regrads,

Archita

Re: One-year MBA programs in India
by Mitul Mehta - Friday, 27 July 2007, 04:03 PM
 

SP Jain Global MBA Program in dubai/singapore........

Dear Asutosh,

After browsing this site for now almost a week, i really adore the way TG team maintain the site and entertain the students like us to keep up our zeal for MBA.  I have one querry  !

I want to know about the spjain one year global program in dubai/singapore.  I am keen to know about this institution.  Can you throw some insight into this.  I am in automotive field and now have 25 months of work ex.

I would really appreciate your inputs in this....

thank you boss.

Re: One-year MBA programs in India
by amit khanna - Friday, 24 August 2007, 02:43 PM
 

hi tg sir

i want to know that an mba degree from a foreign university given out in india is valued in india or not.there is an institute named BMA in Bangalore which is giving an australian degree of EDITH COWAN UNIVERSITY.the course is designed in australian module i.e. of 15 months.so is it worth to do mba from this institute.you can have a look at this its website, it is bmaindia.com.

regards

amit

Re: One-year MBA programs in India
by Hellbent Arora - Saturday, 8 December 2007, 04:06 PM
 

Hi TG,

I have around 5 years of experience in IT,can you let me know how much minimum percentile score required for Great Lakes?

P.S- I have pretty average acads.

Regards,

Hellbent

Re: One-year MBA programs in India
by Hellbent Arora - Saturday, 8 December 2007, 04:55 PM
 

Hi TG,

I have around 5 years of experience in IT,can you let me know how much minimum percentile score required for Great Lakes?

P.S- I have pretty average acads.

Regards,

Hellbent

Re: One-year MBA programs in India
by shank jos - Thursday, 15 January 2009, 11:43 AM
  Hi Ashutosh Singh
Thanks for information collected .
pls keep updating if any other colleges offering
i guess IIM-L also offers one year MBA program.
thanks
jos
Re: One-year MBA programs in India
by Kamya Arora - Monday, 9 July 2012, 03:21 PM
  My friend has joined Vanguard Business School in Bangalore and he is really happy with the kind of exposure and mentor-ship he is getting there..
Re: One-year MBA programs in India
by Abhi Roy - Thursday, 26 December 2013, 04:51 PM
  Thanks for providing this information. I am also looking for one year MBA Program.
Re: One-year MBA programs in India
by Mayank Puri - Monday, 27 January 2014, 02:40 PM
  Thanks for your post Ashutosh.. i have a slightly different query (Non Residential MBA prgs for working executives)

I am trying to better understand and know which B-schools in India offer short term (ranging from 6 to 18 months) non-residential MBA/diploma/certificate programs for working executives, who do not wish to quit their jobs. I came across programs from XLRI here (http://sat.xlri.ac.in/sat_prog_pgcbm.html)

Are there other such programs from other premier B-schools and their credentials (course structure, job prospects, worthiness vis-a-vis residential programs). Please share your thoughts.

Thanks a ton in advance
Re: One-year MBA programs in India
by A K - Tuesday, 28 January 2014, 10:38 PM
  Hi..Can u plz guide me how's MDI NMP(executive) proram as compared to IIM's executive programs?