A one-year MBA program is a post-graduation degree course typically spanning 12 to 15 months, divided into five parts, and holds equal value to a regular two-year MBA. Various entrance exams such as CAT, MAT, XAT, T, NMAT, ATMA, IIFT, and IBSAT are accepted for admission into one-year MBA programs.
Top institutions in India, including IIM, XLRI, and ISB, now offer one-year MBA programs for experienced professionals with 4+ years of work experience, aligning with global trends. Program fees start from INR 10,00,000 to INR 30,00,000. Graduates can expect lucrative job offers from prominent companies like Amazon, Apple, Google, Deloitte, Microsoft, Infosys, and Wipro, with an average package of INR 15 LPA.
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Table of Contents
3.1 Top One Year MBA offered by IIMs
3.2 Top One Year MBA Offered by ISB
3.3 Top One Year MBA equivalent PGDM Offered by AICTE B-Schools and Universities
What is a One Year MBA?
One-Year MBA is a full-time management program tailored for experienced working professionals, typically with over 4 years of work experience. The curriculum aligns with the two-year MBA but is condensed into a shorter time frame. Some MBA colleges may admit candidates with 2 years of work experience. Admission to One-Year MBA programs is typically based on GMAT/GRE scores, although the specific admission process may vary by college.
See also:
One Year MBA: Highlights
| Particulars | Details |
|---|---|
| One-year MBA Programs Offered | PGPX, EPGP, MBA-EX, IPMX, PGPL |
| Exams accepted | CAT, GMAT, XAT, NIMAT, IIFT, IBSAT |
| Duration | 1 year |
| Eligibility | 50% + marks in graduation, 2 to 4 years of working experience |
| Fees | 5,00,000 to 30,00,000 |
| Average Package | 25,00,000 to 1,14,00,000 |
| Top colleges that offer One year MBA | IIM’s, XLRI, FMS DELHI, SPJIMR, etc. |
Check: GMAT for MBA Admission
Top 10 One Year MBA Colleges in India
Many renowned MBA colleges known for their excellence in management education also offer one-year MBA programs. Here is a list of the top 10 colleges offering such programs:
| College Name | Course offered | Fees |
|---|---|---|
| IIM Ahmedabad | MBA-PGPX | INR 31,50,000 |
| IIM Calcutta | MBA-EX | INR 31,00,000 |
| IIM Bangalore | MBA/ EPGP | INR 31,46,000 |
| ISB Hyderabad/Mohali | PGP | INR 38,97,000 |
| XLRI Jamshedpur | PGDM-GM | INR 23,15,000 |
| SPJIMR Mumbai | PGPM | INR 22,10,000 |
| Great lakes Chennai | PGPM | INR 20,75,000 |
| IMI Delhi | PGDM Business Management | INR 12,00,000 |
| IIM Indore | EPGP | INR 22,12,000 |
| MDI Gurgaon | PGDM-PPM | INR 9,58,000 |
Top One Year MBA Offered by IIMs
Below is the list of IIMs offering One Year MBA with their details.
| College Name | Minimum Work Experience Required | Fees |
|---|---|---|
| IIM Ahmedabad | 4 years | INR 31,50,000 |
| IIM Bangalore | 5 years | INR 28,50,000 |
| IIM Calcutta | 5 years | INR 31,00,000 |
| IIM Indore | 5 years | INR 22,11,000 |
| IIM Lucknow | 5 years | INR 26,00,000 |
| IIM Kozhikode | 3 years | INR 22,50,000 |
Top One Year MBA Offered by ISB
ISB Hyderabad offers the top 1 Year MBA program. The details of One Year MBA program offered by ISB are listed below.
| Course Name | Minimum Work Experience Required | Fees |
|---|---|---|
| Post Graduate Program in Management (PGPM) | 2 years | INR 36,29,620 |
Top One Year MBA Equivalent PGDM Offered by AICTE B-Schools and Universities
Various AICTE-approved business colleges offer One Year MBA programs in the form of one-year PGDM and PGPM courses. Below is the list of top One Year MBA programs offered by AICTE business schools.
| College Name | Course Offered | Fees |
|---|---|---|
| MDI Gurgaon | Executive PGDM | INR 15,35,000 |
| SP Jain Institute of Management and Research, Mumbai | PGPM | INR 32,96,000 |
| GLIM Chennai | PGPM | INR 21,25,000 |
| IMI Delhi | PGDM Executive | INR 12,00,000 |
| IMT Ghaziabad | PGDM Executive | INR 19,03,000 |
| XIMB | Executive-MBA (BM) | INR 15,20,000 |
| SOIL Institute of Management | PGPBL, PGP-HR | INR 15,33,000 |
One Year MBA: Admission Process 2024
Here are the admission process details for a One-Year MBA program:
- Candidates are required to qualify for the GMAT/GRE with high scores.
- Registration on the official website of the college.
- Shortlisting of the candidates based on the academic profile and entrance exam score.
- Appear for the Personal Interview round, statement of purpose, and letter of recommendation.
- Final seat allotment.
IIM One Year MBA Admission 2024
| College Name | Exams Accepted | Average GMAT score reqd. | Application Links |
|---|---|---|---|
| IIM Ahmedabad – PGPX | GMAT/GRE | 701 | Apply here! |
| IIM Bangalore – EPGP | GMAT/GRE | 690 | Apply here! |
| IIM Calcutta – MBA Ex | GMAT | 685 | Apply here! |
| IIM Indore – EPGP | GMAT | 650 | Apply here! |
| IIM Kozhikode – PGP-BL | CAT/GMAT/GRE | 640-650 | Apply here! |
| IIM Lucknow – IPMX | GMAT | 670 | Apply here! |
| IIM Shillong – PGPEx-MBEE | CAT/GMAT | 500 | Apply here! |
One Year MBA Placement
One-year MBA students can expect an annual salary of INR 15 LPA, which depends on their skills and other factors. Below are details of placement records for various MBA programs in different colleges, along with the top recruiters.
| College Name | Average Package | Highest Package |
|---|---|---|
| IIM Ahmedabad | INR 32,04,000 | INR 1,14,00,000 |
| IIM Bangalore | INR 31,63,000 | INR 80,00,000 |
| IIM Calcutta | INR 36,70,000 | INR 65,00,000 |
| IIM Indore | INR 25,09,000 | INR 1,14,00,000 |
| ISB Hyderabad | INR 34,70,000 | INR 60,00,000 |
| SPJIMR, Mumbai | INR 23,58,000 | INR 77,80,000 |
| GLIM Chennai | INR 17,86,000 | INR 46,00,000 |
See Also:
| Salary of a Banker | Salary of a Bank Manager | Salary of a Probationary Officer | Salary of an Investment Banker |
One Year MBA Eligibility Criteria
A candidate pursuing a one-year MBA from India must satisfy the following eligibility criteria to be able to qualify for the colleges.
- A candidate must have a graduation degree with more than 40% marks from a recognized university.
- Language proficiency in English and Hindi
- 2 to 4 years of working experience
- 650+ GMAT/ GRE score
One Year MBA Scholarship and Loan Facility
For aspiring MBA students in India who face financial constraints, there are several scholarship and loan options available to help make their education more affordable. Here are the details.
- Institutions themselves provide scholarships and often offer loans with reasonable repayment terms.
- Companies like TATA, Reliance, and BIRLA groups occasionally offer scholarships, especially for female students.
- Banks like Kotak offer scholarship programs for students pursuing master's degrees at top colleges.
- The government of India launches various scholarships and financial aid programs to promote education and literacy.
Check: MBA Abroad
One Year MBA v/s Two Year MBA: Comparison
One-year MBA programs are typically pursued by experienced professionals, accelerating career growth, while two-year MBAs are more common among fresh graduates seeking a career launch. Here is a detailed comparison.
| Particulars | One-year MBA | Two-year MBA |
|---|---|---|
| Time efficient | It is generally completed in 12 to 15 months. | It takes 24+ months to complete a two-year MBA program |
| Higher return | The time and effort you spend in a one-year MBA is technically less than a two-year MBA and for that, the ROI is similar in both of them. | The ROI of a two-year MBA is mostly similar to that of one year but it depends upon the B-school to B-school |
| Work experience | For a one-year MBA program, work experience of 2 to 4 years is a must. | A two-year MBA program usually doesn’t need any prior work experience |
| learning experience | As the time is short, it makes the curriculum more challenging and needs students to adapt and grasp different things at a fast pace too. | Usually in a two-year MBA, the syllabus is taught from the basics as students don’t have any prior knowledge. |
| Opportunity cost | For a one-year MBA, opportunity cost is typically lesser as there is not much gap in terms of corporate career as well and in the meantime, one can resume their work as well. | For a two-year MBA, students need to dedicate time and energy to the program itself. As it helps them to acquire skills set which are necessary for corporate roles. |
Comparison of One Year MBA Offered by IIMs, ISB, XLRI
Here's a brief comparison of one-year MBA programs offered by IIMs, ISB, and XLRI:
| Particulars | IIMs | ISB | XLRI |
|---|---|---|---|
| Program duration | 12 months | 15 months | 12 months |
| Minimum work exp. required | 4-5 years | 5 years | 2 years |
| Average G-mat score | 690-710 | 650-700 | 710 |
| Fees | INR 28,00,000 - INR 32,00,000 | INR 22,00,000 - INR 23,00,000 | INR 39,00,000 |
| Average placements | INR 31 - 38 LPA | INR 23 - 26 LPA | INR 34.08 LPA |
One Year MBA: FAQs
Ques. How to choose the right one-year MBA program?
Ans. To choose the right one-year MBA program, evaluate the curriculum, alumni network, campus placement, location, and program reputation.
Ques. Can a one-year MBA also be pursued from a distance?
Ans. Yes, several colleges like Amity, IGNOU, and Manipal University offer one-year MBA programs through distance or online modes. Check the college websites for details.
Ques. Is it worth it to pursue a one-year MBA?
Ans. Yes, a one-year MBA can accelerate your career, offer similar value, and provide various opportunities, making it a worthwhile pursuit.
Ques. What are the advantages of pursuing a one-year MBA?
Ans. Advantages include a shorter duration, cost-effectiveness, quick ROI, lower opportunity cost, and enhanced growth prospects.
Ques. Can one expect good campus placements from the mentioned colleges after a one-year MBA?
Ans. Yes, these colleges have promising campus placements and strong reputations, ensuring placement opportunities for eligible candidates.
Ques. Are there any prerequisites for pursuing a one-year MBA?
Ans. A bachelor's degree with at least 50% marks and 4 to 5 years of work experience is typically required for a one-year MBA.
Ques. What are the potential career outcomes after completing a one-year MBA in India?
Ans. Career outcomes are similar to a two-year MBA, including management roles in HR, marketing, PR, or entrepreneurship.
Ques. Are financial aid and scholarships available for a one-year MBA?
Ans. Yes, government scholarships, loan facilities, and company-sponsored scholarships like Aditya Birla Group and Reliance are available.
Ques. How much GMAT or CAT score is required to be eligible to apply for these colleges?
Ans. Typically, a 96%+ CAT percentile or a 650+ GMAT score is required for eligibility in top MBA colleges.
Ques. Who can pursue a one-year MBA program?
Ans. Any graduate with over 4 years of work experience seeking a master's degree in management can pursue a one-year MBA program.
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