This Blog Includes :
- 1 THE KEY FEATURES OF ONE YEAR MBA IN INDIA
- 2 One Year MBA Eligibility Criteria for Admission
- 3 Top 10 colleges for One Year MBA in India
- 4 The detailed list of colleges for One year MBA in India
- 5 Placements for One Year MBA in India
One Year MBA in India is a fast track full-time MBA program for professionals with work experience of two or more years. When compared academically, 1 Year MBA in India is as vigorous as a Managementregular program. In India, one Year MBA is of recent origin. Almost all the top MBA colleges offer it in India, like Indian School of Business (ISB), Indian Institutes of Management (IIMs), Xavier School of Management (XLRI), S P Jain Institute of Management and Research (SPJIMR).
THE KEY FEATURES OF ONE YEAR MBA IN INDIA
- An on-campus MBA program
- Fast track full-time program.
- Duration varies from 11 to 15 months, and a regular MBA takes 24 months.
- One Year MBA is designed for working executives with a minimum work experience of 2-5 years.
- Placements for 1 Year MBA are generally higher than a regular MBA.
- The fee structure for the One Year MBA program is also higher than a regular MBA.
One Year MBA Eligibility Criteria for Admission
The minimum requirement to be eligible for a One Year MBA in India is 2 to 7 years of work experience after graduation. IIMs demand work experience of a minimum of 5 years. However, ISB and Great Lakes ask for a minimum work experience of 2 years.
Admission in One Year MBA with GMAT/GRE
Admission for One Year MBA programmes in institutes like IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Udaipur is based on the scores obtained in GMAT/GRE. SB Hyderabad only accepts GMAT or GRE scores for One Year MBA admission. All the other colleges also accept GMAT scores along with other exam scores and One Year MBA in India.
Admission to One Year MBA with CAT examination
Entry to One Year MBA in India, based on the CAT score, is given by IIM Indore, IIM Shillong, SPJIMR, MDI, IMI, IMT, XIMB, LBSIM, Great Lakes.
Admission to One Year MBA with XAT examination
According to the XAT score, admission to One Year MBA in India is given by XLRI Jamshedpur, SPJIMR Mumbai, XIM Bhubaneswar, IMT Ghaziabad, Great Lakes Chennai.
Top 10 colleges for One Year MBA in India
The pioneer of One Year MBA education in India, ISB Hyderabad has one more campus at Mohali, which also offers the program of One Year MBA. ISB is entirely funded by private foundations, corporations, and individuals from all over the globe. ISB is considered as the top corporate B-school in offering one year MBA. Although ISB’s one year Post Graduate Program in Management has the highest fee structure in India among all the other MBA programs delivered in India, the selection process is rigorous. Thus, despite the high fees, also the quality of students is top-notch.
It offers PGPX, a much sought-after MBA executive program in India. IIM Ahmedabad launched the one-year full-time residential program in management in the year 2006. The program aims for developing the executives to accelerate their career path and assume leadership roles. IIM Ahmedabad conducts a rigorous, internationally completed process for admission to the One Year MBA course.
The One Year MBA of IIM Bangalore is known for Executive Post Graduate Programme (EPGP) in Management. Admission to One Year MBA of IIM Bangalore is based on the GMAT/GRE score. Among all the IIMs, the One Year MBA fees are the highest in IIM Bangalore at Rs.28 lakhs. The One Year MBA in IIM Bangalore is a globally ranked program. The EPGP at IIM Bangalore provides students with similar rigour, range of electives, grading criteria and the same solid foundation in key management concepts and disciplines as a two-year MBA. The key advantage of EPGP is that the coursework builds on the students’ diverse and extensive work experience.
The PGPEX course was launched in IIM Calcutta in 2006. This program offers mid-career professionals an ideal platform to augment their existing skill sets. They endeavour to armour themselves to be eligible for senior and top management roles in the industry. The fees for One Year MBA at IIM Calcutta is Rs. 22 lakhs, and the GMAT score is considered for admission. IIM Calcutta is the first management institute in the country to be Triple Crowned. It is accredited by AACSB, AMBA, and EQUIS, the three major accreditation agencies globally, for its management education.
The One Year MBA program at IIM Lucknow is known as ‘The International Program in Management for Executives (IPMX)’. The admission to One Year MBA program at IIM Lucknow is based on the GMAT score, and the fees of the program are approximately Rs. 24.50 lakhs.
One Year MBA at XLRI is offered as PGDM(Post Graduate Diploma in Management) in General Management. Here the course is a 15 months long program with a fee of Rs.18.50 lakhs approximately. Admission to One Year MBA at XLRI is based on XAT/GMAT score. This program has received accreditations, including AMBA, AICTE etc. The course aims to make the students highly sought after by various industries structure, by making them gain substantial work experience.
SPJIMR Mumbai offers Post Graduate Program in Management (PGPM). The duration of the course is 12 months, with a fee of Rs.16.25 lakhs. PGPM at SPJIMR is an AICTE approved program. It has a One Year Full-Time Residential component, preceded by a 3-month off campus blended web learning component. In aggregate, the program is for 15 months.
Great Lakes Institute of Management, Chennai
The One Year full-time Post-Graduate Program in Management (PGPM) in Great Lakes’ is its flagship management program. It helps to transform its high potential professional students into competent business managers and decision-makers. Professionals or Entrepreneurs with an experience of 2 or more years of full-time work are eligible for this program. At Great Lakes, there are more than 200 Recruiting companies that offer placements to the PGPM students.
There are two types of management programs offered at MDI Gurgaon of one-year duration. Both are one year MBA programs of 15 months, each National Management Program (NMP) and Energy Management Program (EMP), respectively. This course’s admission is through CAT/GMAT score or own entrance test conducted by MDI Gurgaon.
The Post Graduate Diploma in Management – Executive (EXPGDM) program at IMI Delhi is a 15 months One Year MBA program. The admission for the program is taken based on CAT/GMAT or IMI own admission test. The program is offered at a moderate fee of Rs.11 lakhs.
IMT Ghaziabad offers the Postgraduate Program in Business Management Executive (PGDM Ex). The duration of the course is 15 months. The fees of the program are 1 lakh.
XIMB offers a one year MBA known as Executive Postgraduate Program in Business Management. The program is Rs.16 lakhs, and the admission is taken based on CAT/XAT/GMAT scores. Besides this, XIMB also conducts its own entrance exam X-GMAT for its admission.
IRMA offers a 15 months-long course of Executive Post Graduate Diploma in Management (Rural), a full-time residential program leading to the award of PGDMX(R). This program is mainly for working professionals in a managerial category with practical work experience. This program is recognised as equivalent to the Executive MBA program. The All India Council approves this program for Technical Education (AICTE).
The leading Business School of Gurgaon SOIL (School of Inspired Leadership) is co-created by 32 top companies. The B-School offers One Year Post Graduate Programs (PGP) in Business Leadership and Human Resource Leadership. A requirement of two years of work experience after graduation is needed for admission to SOIL one year PGP Program.
The admission to one year PGP Program is based on its STAT exam scores, although CAT/XAT/GMAT scores add weight to the candidate’s admission chances. The SOIL Business School has partnered with three international business schools, namely MIP (Milano institute Politecnico) in Milan, Italy, the University of New Brunswick in Canada, and BIG (Bainbridge graduate institute) in Seattle, the USA, for their exchange program.
The detailed list of colleges for One year MBA in India
|Rankings||Name of College||Name of Programme||Fees for the programme||Average Placement||Average GMAT Score for being eligible|
|1.||IIM Bangalore||Executive Post Graduate Programme in Management (EPGP)||27,50,000||23,46,000||699|
|2.||IIM Ahmedabad||Post Graduate Programme in Management for Executives (PGPX)||25,00,000||28,84,111||702|
|3.||ISB Hyderabad||Post Graduate Programme in Management (PGP)||34,63,240||25,09,000||709|
|4.||IIM Calcutta||Post Graduate Programme for Executives (PGPEx)||27,00,000||24,52,000||685|
|5.||SPJIMR Mumbai||Post Graduate Programme in Management (PGPM)||19,60,000||17,26,500||660|
|6.||XLRI Jamshedpur||PGDM (General Management)||20,00,000||17,54,000||640|
|7.||IIM Indore||Executive Post Graduate Programme in Management (EPGP)||20,00,000||20,00,000||650|
|8.||MDI Gurgaon||National management Programme (NMP)||15,35,000||–||660|
|9.||IIM Lucknow||International Programme in Management for Executives (IPMX)||23,50,000||–||672|
|10.||IIM Kozhikode||Post Graduate Program in Business Leadership (PGP-BL)||22,50,000||–||–|
|10.||Great Lakes Chennai||Post Graduate Programme in Management (PGPM)||19,25,000||13,10,000||670|
|11.||SOIL Gurgaon||Post Graduate Program in Business Leadership||15,03,226||9,50,000|
Placements for One Year MBA in India
The placements for One Year MBA in India are higher than regular two-year MBA programs of many colleges in India. The previous year’s statistics for One Year MBA in India placements show that the program offers placement packages much higher than expected. The One Year MBA placement packages often get doubled after completion of the student’s program. The top placements for One Year MBA in India are from colleges like IIMs, XLRI, MDI, and SPJIMR range from Rs.14 lakhs to Rs. 30 lakhs annum.
The reason behind these high placement packages lies in one of the key advantages of hiring a person with One Year MBA. According to the top recruiting companies, the person already has good working experience in a responsible position, and the One Year MBA adds value to the person’s skills. With the rise in One Year MBA Placements across all the sectors and industry, the demand for One Year MBA has also increased rapidly as the companies are looking for experienced professionals with management skills.