The one-year full time MBA was introduced in India by the Indian School of Business (ISB) in 2001. The Indian Institutes of Management (IIMs) followed, and over the years, they started offering a one-year full time MBA in addition to the two-year course they already had. While this course has become very popular, a lot of confusion regarding the content and value plagues students, the media and recruiters.
Part VIII
Claiming its rightful place in the sun
By Shikhar Mohan
This series has established the benefits of a one-year full time MBA at IIMs and clarified that this is the only full time MBA course at IIMs that is accredited by Association of MBAs (AMBA), UK. In my concluding piece, I am suggesting steps to help make this reality clearer to all concerned.
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Part VII
Merits of a one-year full time MBA at IIMs
By Shikhar Mohan
The key benefit offered by the one-year full time MBA at IIM, I believe, is that the course gives you time to discover yourself before you manage others. In Indian society the pressure to rise above the neighbour’s kid is a constant one. The one-year full time MBA at an IIM, by adhering to the original mission statement of an MBA as defined by the Association of MBAs – to “enhance and develop previous relevant experience” – gives you five years to pursue what your heart desires and will accept you with open arms whether you chose to spend those years becoming a Ranji cricket player or a DJ at a club. Diversity and experience is respected and encouraged at the one-year full time MBA at an IIM.
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Part VI
Ranked among top Global MBAs by Financial Times, London
By Shikhar Mohan
The one-year full time MBA at IIM A, the one-year courses at ISB, Hyderabad and SP Jain School of Global Management, Dubai are the only MBAs from India to have been ranked in the global ranking of MBAs by Financial Times, London - widely regarded as the foremost ranking in the world.
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Part V
Global exposure for the whole batch
By Shikhar Mohan
Instead of a student exchange for a few candidates, the entire batch of the one-year full-time MBA at the Indian Institutes of Management (IIMs) spends a substantial period at an international B-school, to gain a global perspective of business. Students get immersed in a class consisting of candidates from around the world. In an era of globalisation and inter-cultural working, this experience is highly valued by the students.
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Part IV
Placement light years ahead
By Shikhar Mohan
Top notch salaries reaching a new high are falling into the laps of one-year full time MBA graduates.
Let’s consider the salary statistics for IIM Indore’s one-year full time MBA class of 2011 (EPGP), which requires students to have a minimum five years’ work experience. Cost to company (CTC) figures in the 2011 EPGP and PGP placement reports for IIM Indore tell a compelling story.
The mean domestic salary for the people graduating the one-year full time MBA (EPGP) is Rs 17.75 lakh and for the people graduating the two-year full time programme (PGP) is Rs 14.06 lakh.
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Part III
Rigour of a 2-year MBA in one year
By Shikhar Mohan
The learning in a one-year full time MBA at the IIMs is not compromised as compared with that gained in the two-year programme offered at these institutes. The course merely skips the non-essentials for a class with work experience.
For instance, the programme does not delve deep into theory and focuses instead on practical knowledge useful for a manager. To give an example, while the Market Research course in the two-year programme might elaborate on how to design a questionnaire, the one-year course would take you through processes to analyse the results from such a study.
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Part II
In step with the best in the world
By Shikhar Mohan
People harbour a myth that students accepted to the one-year full-time MBA at IIMs are unable to qualify for admission to international B-schools or the two-year course at IIMs. There is a belief that the CAT-based two-year course at IIMs is the toughest to enrol for. Students and media engrain this belief by pointing out that 2,14,000 CAT applicants vie for 3,000 seats for the two-year post graduate programme (PGP) at IIMs.
They don’t mention that in addition, roughly 2,00,000 seats are available to these applicants. In all, 185 institutes, 13 of them IIMs, accept the CAT score for PGP and other courses, such as PGP-HR, PGP-Agribusiness, PGP-IT and Ph.D.
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Part I
Don't mistake it for an Executive MBA
By Shikhar Mohan
People mistake a one-year full-time MBA for an Executive MBA because of three reasons: First, the one-year full-time MBA in India, on an average, stipulates five years of work experience as a requirement for admission (so people view it as an MBA for ‘executives’). Second, the course is shorter than the two year course. Third, is nomenclature - the formal name of the programme often includes the word ‘executive’.
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