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Pursuing a 1-Year MBA programme is a smart move for any managerial-position aspirants. However, before investing your hard-earned money into this programme, it is important to understand all the basic aspects. This article helps you figure out which 1 Year MBA programme would be the best for you.
While a typical 2-year Master of Business Administration (MBA) programme is the perfect choice of postgraduate course for many students right after they complete their graduation, it does not seem the right fit for many working professions, especially with 5-6 years of experience. Two years is quite a long time to stay away from your job and other responsibilities may also prevent a candidate to go back to college for such a long time. For such candidates, 1-year MBA programmes come to the rescue.
One Year MBA in India Advantages
If you look at the comparison of 1-year MBA with 2-year MBA programmes , here are many advantages offered by 1-year MBA programmes over their traditional counterparts. Even though these programmes cannot be said to be a perfect fit for everyone, a working professional who is seeking management education in India can definitely look into pursuing a 1-year MBA programme for the following reasons.
Time-Efficient: 1-year MBA programmes have a shorter duration without affecting the curriculum as well as the quality of education. This makes them perfect for candidates who wish to go back to work after an MBA in as short of a time as possible.
Pocket-Friendly: Since candidates have to go to college for a year less, the costs incurred are lower.
High Returns: 1-year MBA programmes have some of the best placement records in the management industry and since the cost of education is low, the RoI significantly increases.
Good Scope: Since candidates get a master's degree at the end of the course, 1-year MBA programmes are also great for candidates who wish to pursue a doctoral course in the future.
Also Read: MBA Admissions in MNNIT Allahabad
One Year MBA in India Best Colleges and Fees
Pursuing an MBA programme in India can prove to be quite expensive and anyone who is shelling out such a large amount of money from their pocket would want a good return for their investment. This makes it very important that candidates carefully consider all the aspects of a programme as well as institute before taking admission.
While there are many management colleges in India offering a 1-year MBA programme, some stand out from the rest. These colleges not only offer an excellent quality of education but also hold a reputation for providing some of the best placements in the industry. Check this list of best 1-year MBA programmes that students in India can go for.
| 1-year MBA Programme | Offering Institute | Course Fee |
|---|---|---|
| Post Graduate Programme in Management (PGPM) | Indian School of Business (ISB), Hyderabad | Rs. 35,78,940 |
| Post Graduate Diploma in Management (PGDM) General Management | Xavier Labour Relations Institute (XLRI), Jamshedpur | Rs. 20,95,000 |
| Post Graduate Programme in Management (PGPM) | SP Jain Institute of Management and Research (SPJIMR), Mumbai | Rs. 17,87,500 |
| MBA in Business Analytics | Great Lakes Institute of Management (GLIM), Chennai | Rs. 21,50,000 |
| Post Graduate Diploma in Management (PGDM) | KJ Somaiya Institute of Management Studies and Research | Rs. 10,22,040 |
| Post Graduate Programme in Management for Executives (PGPX) | Indian Institute of Management (IIM), Ahmedabad | Rs. 28,00,000 |
| Post Graduate Diploma in Management | International Management Institute (IMI), Delhi | Rs. 17,68,000 |
| Post Graduate Programme in Public Policy and Management (PGPPM) | IIM Bangalore | Rs. 13,98,305 |
| 15-month National Management Programme | Management Development Institute (MDI), Gurgaon | Rs. 15,35,000 |
| Post-Graduate Diploma in Management (Executive) | Lal Bahadur Shastri Institute of Management (LBSIM), Delhi | Rs. 5,70,000 |
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One Year MBA in India Eligibility Criteria
Generally, colleges offering one year MBA courses accept candidates who have a bachelor's degree and certain work experience. The general eligibility criteria for 1-Year MBA programme has been specified below.
Candidates must have completed a bachelor's degree in any discipline from a recognised university.
Candidates must have a minimum of 50% aggregate marks in their bachelor's programme.
Depending upon the institute of application, 2-5 years of work experience is required for admission to 1-year MBA programmes.
Candidates applying for admission to a 1-year MBA programme must carefully check the programme details provided by their particular college to ensure that they meet the specific eligibility criteria before applying for admission.
One Year MBA in India Entrance Exams and Application Fee
There is a long list of management entrance exams that are accepted by colleges for admission to 1-year MBA programmes in India. Depending upon the college of application, a candidate may have to appear for the Common Admission Test (CAT), Graduate Management Aptitude Test (GMAT) or any one of the other management entrance exams in India .
| College | Accepted Entrance Exams | Application Fee |
|---|---|---|
| Indian School of Business (ISB), Hyderabad | GATE / GRE | Rs. 5,000 |
| Xavier Labour Relations Institute (XLRI), Jamshedpur | XAT / GMAT | Rs. 1,700 |
| SP Jain Institute of Management and Research (SPJIMR), Mumbai | CAT / XAT / GMAT | Rs. 1,500 |
| Great Lakes Institute of Management (GLIM), Chennai | GMAT / CAT / XAT / CMAT | Rs. 2,000 |
| KJ Somaiya Institute of Management Studies and Research | CAT / XAT / CMAT / GMAT | Rs. 2,850 |
| Indian Institute of Management (IIM), Ahmedabad | GMAT / GRE | Rs. 5,000 |
| International Management Institute (IMI), Delhi | CAT / GMAT | Rs. 2,200 |
| IIM Bangalore | CAT / GMAT / GRE | Rs. 1,500 |
| Management Development Institute (MDI), Gurgaon | CAT / GMAT | Rs. 3,000 |
| Lal Bahadur Shastri Institute of Management (LBSIM), Delhi | CAT / GMAT | Rs. 1,250 |
A 1-year MBA programme offers a plethora of opportunities for working executives. The programmes are designed to impart complete knowledge while being streamlined to cater to the needs and demands of the market. Plus, since these programmes are pursued after a candidate has gained professional experience, they are doubly enriching for any candidate.
Also Read: Entrance Exams for Bachelor of Pharmacy Admissions in 2020
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