Business management has seen an upward surge with a great number of management enthusiasts taking it up as a career of choice. There is a wide range of courses available in the field but none matches the reputation of an MBA degree. Known to be the most sought-after course, business schools are in competition to offer comprehensive MBA programs. Whether you choose to study abroad or in India, this master’s degree proves to be quite rewarding and caters to excellent career opportunities. India holds a magnificent reputation for producing skilled management graduates. You need not take the usual 2-year MBA program as there is an option for a 1-year MBA in India. So, let us take a look at the different B-schools offering such courses in our country.
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What is 1 Year MBA?
One-year MBA programs are intended for working professionals who have been at their employment for more than four years but do not want to quit. Part-time or online MBA programs are preferred. The best one-year MBA programs are offered by top MBA schools in India, with the MBA-PGPX at IIM Ahmedabad topping the list.
Although the One Year MBA and Executive MBA are very close, they are not the same. A one-year MBA is intended for workers with 4-5 years of experience, whereas an executive MBA is for those with more than 10 years of experience.
For entry into the one-year MBA program, students must pass the GMAT or GRE. Under different names, top MBA colleges in India, including IIMs, offer a one-year MBA.
Also Read: Everything You Need to Know About MBA Specializations
Business Schools in India Offering 1-Year MBA Programs
A large number of business schools in India have started offering short degree programs for working professionals and highly adaptive business management aspirants. Most of these institutions require you to have a work experience of 2 to 5-year while in some cases if applicants can show exceptional understanding of the field and maturity to take business-related decisions, then they need not have work experience.
Let us take a look at the top business schools extending 1 year MBA in India, along with their fee structure and required GMAT score:
Top 1-Year MBA College | Program Name | Fee | Placement (Average Salary) |
IIM Ahmedabad | Post Graduate Programme in Management for Executives (MBA-PGPX) | Rs. 31.50 lakhs | Rs. 38.64 LPA |
IIM Calcutta | MBA for Executives Programme (MBA-Ex) | Rs. 31.0 lakhs | Rs. 36.79 LPA |
ISB Hyderabad/Mohali | Post Graduate Programme in Management (PGP) | Rs. 38.97 lakhs | Rs. 34.08 LPA |
IIM Bangalore | Master of Business Administration, Executive Post Graduate Programme in Management (MBA) (EPGP) | Rs 31.46 lakhs | Rs.31.63 LPA |
Masters’ Union | PGP in Technology & Business Management (PGP TBM) | Rs. 21.56 lakhs | Rs 33.10 LPA |
IIM Kozhikode | Post Graduate Programme in Business Leadership (PGP-BL) | Rs.22.50 lakhs | Rs. 29.06 LPA |
XLRI Jamshedpur | Post Graduate Diploma in General Management (PGDM-GM) | Rs.23.15 lakhs | Rs. 26.56 LPA |
MDI Gurgaon | Post Graduate Diploma in Management – Business Management (PGDM-BM) | Rs.16.41 lakhs | Rs.24.46 LPA |
Post Graduate Diploma in Management – Public Policy and Management (PGDM-PPM) | Rs. 9.58 lakhs | ||
SPJIMR Mumbai | Post Graduate Programme in Management (PGPM) | Rs.22.10 lakhs | Rs. 23.58 LPA |
IIM Lucknow | International Programme in Management for Executives (IPMX) | Rs.26 Lakhs | Rs. 24.66 LPA |
IIM Indore | Executive Post Graduate Programme in Management (EPGP) | Rs.22.12 Lakhs | Rs.19.99 LPA |
Great Lakes, Chennai | Post Graduate Program in Management (PGPM) | Rs.20.75 lakhs | Rs. 17.9 LPA |
IIM Udaipur | MBA in Global Supply Chain Management (GSCM) | Rs.22.60 lakhs | Rs.19.79 LPA |
MBA in Digital Enterprise Management (DEM) | Rs.22.60 lakhs | Rs. 21.51 LPA | |
XIM Bhubaneswar | Executive MBA in Business Management (EMBA-BM) | Rs.15.50 lakhs | Rs. 17.54 LPA |
IMT Ghaziabad | Postgraduate Programme In Business Management Executive (PGDM Exp) | Rs.15.00 Lakhs | Rs. 21.37 LPA |
SOIL Gurgaon | Post Graduate Program In Management – Business Leadership (PGPM – BL) | Rs.15.33 lakhs | Rs. 11 LPA |
Post Graduate Program In Management – Human Resources (PGPM – HR) | Rs.13.86 lakhs | Rs. 10.70 LPA |
Also Read: MBA Entrance Exams: India and Abroad
One Year MBA Vs Executive MBA
Particulars | One Year MBA | Executive MBA |
Representative Program | ISB’s PGP or IIMA’s PGPX | ISB’s PGPMAX |
Full Time | Yes | No |
Residential | Yes | No |
Duration | 12-15 months | Varies from 15 months to 36 months |
Minimum Work Ex Required | 5 years for IIMs, 2 Years for ISB/Great Lakes | Much higher, generally 10-15 years |
Admission | GMAT/GRE required. Rigorous process. | Profile based. GMAT generally not required |
Fee compared to 2-yr program | High | Much Higher |
Placement Assistance | Yes | No |
One Year MBA Admission 2023: Application Cycles & Dates
The majority of India’s best colleges offering a one-year MBA have two to three application cycles, with deadlines for admission. The last dates to apply depending on the application cycles. The academic year in some institutions providing a one-year MBA in India starts in April or May, while in others it does so in July or September, or October. For each subsequent round of applications, some of the best MBA schools offering one-year degrees raise their application fees.
Top One-Year MBA Programs Offered by IIMs
Top IIM offering 1 Year MBA | Duration | Batch Size | Batch Average Work Experience | Eligibility: Minimum Work Experience Required | Fees (Rs Lakhs) | Average Placement (Rs Lakhs per annum) | Month of Program Commencement |
IIM Ahmedabad – PGPX | 12 Months | 140 | 8.3 Years | 4 years | 31.50 | 38.64 | April |
IIM Calcutta – MBA Ex | 12 Months | 79 | 8.1 Years | 5 Years | 31.00 | 36.79 | April |
IIM Bangalore – EPGP | 12 Months | 75 | 7.4 Years | 5 years | 31.46 | 31.63 | April |
IIM Kozhikode-PGP BL | 12 Months | 80 | — | 3 Years | 22.50 | 29.06 | April |
IIM Lucknow – IPMX | 12 Months | 101 | 8.3 Years | 5 Years | 26.00 | 24.66 | April |
IIM Indore – EPGP | 12 Months | 68 | 8.6 Years | 5 Years | 22.12 | 19.99 | April |
One Year MBA: Syllabus
- Five terms, starting in the month of April, make up the one-year MBA program.
- Two of these five terms are devoted to core topics, two to electives, and one term is entirely devoted to a program for international immersion.
- The one-year MBA curriculum is similar to the regular MBA curriculum but places less emphasis on in-depth study and more on concise coverage of each topic.
- An introductory program helps students become acquainted with the course’s goals at the beginning of the course.
One-Year MBA: General Eligibility
- The average GMAT/GRE score accepted by all one-year MBA programs is decided by the individual universities.
- Generally, a GMAT/GRE score of 650 or more is accepted by IIMs.
- Additionally, a graduation degree with a minimum cumulative score of 50% is needed.
- Beginning in November or December, applications are accepted for these one-year MBA programs.
- Additionally, you must possess amazing work credentials and excellent written and vocal communication abilities.
- The candidate is ultimately chosen based on their overall performance on writing and verbal abilities tests, as well as their high GMAT/GRE score.
Career Prospects
The job opportunities after pursuing a 1 year MBA in India are very similar to a standard MBA degree. In some cases, the one-year MBA graduate is given preference as the employers assume that these candidates have relevant work experience already. With its worldwide recognition, professionals are seen drawing lucrative salaries, and the job profiles are extremely fascinating. The prospect for growth and incentives is synonymous with the field.
Here are some of the job roles that you may consider taking after you’ve completed a 1 year MBA in India.
- Financial Manager
- Management Consultant
- Information Technology Director
- Investment Banker
- Marketing Manager
- Sales Manager
- Operations Research Analyst
- Business Operations Manager
- Market Research Analyst
- Accountant
- HR Manager
- Project Manager
- Logistics Manager
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FAQs
ISB Hyderabad, IIM Bangalore, IIM Calcutta, IIM Ahmedabad and Masters’ Union are the top one-year MBA colleges in India. One Year MBA offered by IIM Kozhikode, and top B-schools like XLRI too feature high on this list.
A one-year MBA is well worth it for those seeking to advance their careers quickly and efficiently while also building a strong network.
A globally recognized MBA school is the one-year MBA. Most of the top business schools worldwide give a one-year MBA. The majority of the elements of a two-year MBA are included in the one-year MBA, which is a full-time residential program that is provided quickly.
Hopefully, you’re now familiar with the top business schools offering 1 year MBA in India that is committed to developing global leaders through extensive education. Reach out to our experts at Leverage Edu to take your career to the next level today by identifying the most-suited university to kick-start your academic career now.