MBA, or Master of Business Administration, is a professional postgraduate course that trains prospective candidates in the various areas of business administration.
Fast growth in career along with enhanced pay has made MBA a highly sought-after course in the world.
With constant upskilling a necessity to remain relevant in the job sector, working professionals are increasingly opting for a 1 year MBA program instead of a 2 year one.
Where the employability of India’s youth has been hovering around 46% over the last 4 years, an MBA graduate’s employability rate has gone up from 47% in 2021 to 55% in 2022.
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What is a One Year MBA Program?
The 1 year MBA program provides the entire learning experience within a time span of 10 to 12 months. In some institutes, the time duration is 12 to 15 months.
It is ideal for working professionals aiming to enhance their managerial skills or people willing to join their family business.
It allows professionals to stay away from their careers for a shorter duration as compared to a 2-year program. Many IIMs, along with various AICTE-approved institutes like XLRI and SPJIMR, offer some of the best one-year MBA programs in India.
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The admission process for 1 year MBA programs in India is more rigorous, and the course fee is higher than a regular 2 year MBA program.
One Year MBA in India vs 2 Year MBA
A 2-year MBA provides detailed training to students with an extensive list of internships, live projects, and other on-campus activities.
Even then, many students prefer a 1 year MBA to a 2-year course as the shorter timespan allows them to return to their field earlier. Given below are a few differences between the two.
Quantitative Aptitude in 1 Year MBA Course
Whereas candidates from any arts, commerce, or science background can pursue a 2-year MBA degree, due to its fast pace, a 1-year MBA is essentially suited to those with a strong background in quantitative knowledge.
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Work Experience in Required One-year MBA Course
Many 2 year MBA programs accept freshers. However, to pursue an MBA 1 year course, one must have a work experience minimum of 2 years.
So to pursue a one-year MBA degree you need to have at least industrial or on-the-job experience of a minimum of 2 years.
Pace of Learning
A one-year online MBA is extremely fast-paced, making it difficult for freshers to keep up with the curriculum.
Since they have almost zero prior work experience, a 2-year program enables them to be better prepared for the corporate world.
Economical
A one-year MBA in India is more economical as it helps a person get back their return on investment within a shorter period.
They can complete the course, and hence the opportunity cost of staying away from work is also reduced.
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Is 1 Year MBA Valid in India?
Many working professionals prefer a 1 year MBA to a 2-year course as it enables them to return to their high-paying careers sooner and climb the career ladder faster.
1 year online executive MBA in India is becoming increasingly popular because of this. There are many top-tier business schools in India, including some of the IIMs, which offer a one-year MBA course.
In addition, institutes are offering a 1 year online MBA course, which is even more beneficial for working professionals.
It allows a person to study conveniently anytime and from any place without affecting their work schedule. This also ensures that they don’t have to take a break from their career.
Career Opportunity After MBA in One Year
In a 2-year MBA course, the placement procedure usually starts towards the end of the course. However, in a one-year MBA , the placement drive goes on throughout the year.
The companies visit the campus any time of the year and hire the best-suited candidate.
1 year MBA degree holders are usually hired for senior roles in an organization, like Vice President or other senior managerial profiles.
They are trained to occupy top management positions and can bring dynamic and insightful changes to an organization. They go on to become industry leaders.
Since the candidates are hired for these senior-level roles and not entry-level positions, the average salary of a one-year MBA degree holder is higher than a 2 year MBA degree holder.
Therefore, pursuing a one-year MBA in India is highly beneficial.
When and How to Enroll for a One-Year MBA Program?
One should enroll for a 1 year MBA only after acquiring considerable work experience. The applications for this course usually start in November or December, and the session generally commences in April in most institutes.
However, sessions in some institutes also begin in July or August. IIMs generally accept a GMAT or a GRE score of 650 and above for a 1 year online MBA in India.
Professionals looking to upskill themselves and advance their careers further can opt for a 1 year executive MBA in India for working professionals in India.
Fees and Syllabus of MBA 1-Year Program
Given below is a list of institutes offering the best 1 year MBA Degree in India.
IIM Ahmedabad
It offers a one-year MBA-PGPX program with a fee of INR 25L and requires a minimum work experience of 4 years.
Apart from the compulsory courses like Data Analysis and Corporate Finance, it offers elective papers like Mergers and Acquisitions, Leadership, Values and Ethics, and Corporate Governance, among others.
ISB Hyderabad
It offers a PGP degree with INR 34,63,240 course fees and requires at least 2 years of work experience.
The elective courses offered include Marketing Research, Change Management, Negotiation Analysis, etc.
IIM Calcutta
It offers a one-year online executive MBA program with a course fee of INR 27L and requires a minimum work experience of 5 years.
The elective courses offered include International Economics, Derivatives, Entrepreneurial Finance, Investment Management, and so on.
XLRI Jamshedpur
It offers a one-year PGDM with a course fee of INR 20L and requires a work experience of 5 years.
The electives offered include Resource Based Strategy, IS Strategy, Demand Forecasting, Internet Marketing, Retail Management, and so on.
Great Lakes Gurgaon
It offers a one-year PGPM program with a fee of INR 19,25,000 and requires a minimum work experience of 2 years.
The electives include B2B Marketing, Consumer Behavior, Financial Modelling, International Finance, etc.
IIM Bangalore
It offers an EPGP degree with an INR 27,50,000 course fee and requires at least 5 years of experience in the industry.
The elective courses offered in this program include Information Systems, Management Communication, Public Policy, Strategy, and various others.
IIM Indore
It offers a one-year EPGP program with a course fee of INR 20,10,000 and requires a minimum work experience of 5 years.
Some of the papers offered include Business Models, Project Management, Brand Management, and Marketing Analytics.
Along with these top-tier institutes, there are various other business schools offering 1 year MBA program in India. The average salary after the completion of this course ranges from INR 25 LPA to INR 39 LPA.
Also Read:- 5 Online Management Courses Every Working Professional Must Undertake
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Conclusion
Amity University offers a number of MBA programs, both offline and online. Check out our best MBA program available online.
Enquire now for MBA admission in Amity and get in touch with a mentor to get firsthand knowledge on the courses today.
You can also check out scholarships offered by Amity and their eligibility criteria. Visit Amity Online to learn more.
