MBA is now a household concept in the Indian academic scenario. A large number of candidates vie for the limited seats in the traditional two-year MBA programs, across the country. However, over the past few years, the full-time, one year MBA program has been making ripples among aspirants too.
As is evident from the name itself, the one year MBA in India is scheduled for a shorter duration as compared to traditional programs. However, that is certainly not the only difference. The most prominent distinction is that of the admission criteria –
- Applicants accepted in the two-year programs may or may not have prior work experience. Their admission to the institute often solely depends on their CAT scores 2016-17.
- On the other hand, the one year MBA programs follows a more holistic approach towards enrollment. Aspirants are required to have a minimum of 5 years of work experience before applying. The admission process also focuses on several criteria such as extracurricular interests and leadership potential, rather than test scores alone.
Although the duration may be shorter, the program is in no way less rigorous when compared to a two-year MBA. In fact, due to the limited time period, the course tends to be more intensive. As candidates are familiar with a corporate set-up, however, certain non-essential theoretical concepts are excluded.
Evolution of One Year MBA in India -
Internationally the one year MBA has been highly valued by students. In India, till a decade ago, it was the two year program that reigned supreme. Now however the applicant base has shifted from fresh graduates to working professionals re-evaluating their career graphs. These professionals are keen to refurbish their skills in a short time span and return to a workplace of their choice.
The one year executive MBA in India gives them the necessary skills, exposure and confidence to return as leaders. The time spent in the classroom work is well balanced with action learning projects, volunteering opportunities, outdoor exposure visits and team activities.
Benefits of a One year MBA in India -
- As mentioned earlier, one of the positives of a one year MBA in India is the reduced opportunity cost in terms of time and money. Enrolled in an intensive course, you learn the same as you would in a two-year curriculum. What’s more, you save on a year’s worth of educational expenses.
- One year MBA candidates are required to have a certain amount of work experience, as opposed aspirants to traditional MBA courses in India. Consequently, they are eligible for executive and leadership positions after completion of MBA, and naturally higher payments.
- The one year MBA courses are offered by the top most institutes and B-Schools in India. Some of these have also been highly rated in the prestigious rankings of the Financial Times, London. Enrolling in the course offers great exposure and opportunities.
Pros & Cons of a One Year MBA in India -
The most obvious benefit of enrolling in a one year MBA course is its duration. For a working professional there is nothing better than this because even as they are investing time and money in this, they can get back to their respective careers quickly. Also, the professionals who quit their job to pursue the one year executive MBA programs have to pay a relatively lower amount of tuition fees.
This will result in a smaller debt after post-graduation studies, which you will be able to pay back quickly. Another advantage of this course is that the shorter duration is the smart thing to opt for when the demand for graduates are not high in the market.
An MBA in one year saves time and lets you resume your previous office when the job hunting field is not all that great.
Everything has its flip-side and so does the one year MBA course. The most important con of this course is that one year sometimes feels inadequate to learn everything about MBA. This concern was also raised by many professors as they feel there is much more to learn and one year is not enough.
Another point is that employers prefer the graduates for two year MBA courses as they feel they have in depth knowledge. Also, there are mostly fewer amounts of placement opportunities for one year PGP courses compared to the two year one.
Future of One year MBA in India -
Recruiters at a one year MBA program value the past work experience and like to see how the student can apply relevant skills in their jobs. Every sector is now opening up to one year MBA in India and is trying to create the right job profiles for these working professionals.
The trends in the education sector has changed enormously in the past few years & the one year MBA has surely risen up as the course everyone wants to opt for. This trend is only expected to rise in the coming days as well.
The rains consistently wreak havoc in Gurgaon and the residents here will testify to the chaos. But, a seminar titled ‘Responsible Citizenry’ along with the NGO ‘We the People’ in collaboration with civic authorities and local government are vying to bring about a change in Gurgaon during the monsoons. The seminar was born after a survey was conducted by 100 SOIL (School of Inspired Leadership) one year MBA students over the span of one month in September 2016. The survey highlighted the issues of women’s safety, sanitation, traffic snarls, broken roads and parking. Primary issues pointed out were inadequate lighting post 7 pm that make women feel unsafe and broken roads that negatively affect the hospitality hubs. The seminar has raised awareness by emphasizing on the issues and civic authorities along with local governments have begun to chalk out a plan to counter these problems.
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