Why should an Experienced Professional pursue a One-Year MBA?
Updated on Oct 10, 2019 - 12:13 p.m. IST by Himanshu.shekhar
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Many of us are attracted to the prospect of earning an MBA within one year, instead of investing two years in a conventional MBA program. There are ample of institutes and universities abroad that offer one-year MBA programs, taking in the best of experienced professionals and training them to take up much higher roles. But how is a two-year course delivered in one year and how does it differ from two-year programs? Who is this program more appropriate for? What are my gains? Let’s find out.

Where is the sharp contrast when it comes to a one-year MBA?

A one-year MBA, designed for professionals with at least two years of work experience or more depending on the business school offering it, leverages the same experience and industry exposure to steer classroom discussions. Yes, discussions, and not lectures. A typical classroom session involves a faculty member guiding the discussion around concepts and students relating to those concepts through their own professional experiences, applying them to historic business cases and developing pragmatic solutions to business problems. A whirlwind of perspective ensue and insights, the status quo and questioning conventional wisdom. The faculty does not need to begin from the basics and can get down to business quicker with such a cohort.

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Summer internships are not a part of the one-year curriculum as the students already have the industry exposure that they need. Instead live-projects and experiential learning programs provide an opportunity to work on projects with companies, under the mentorship of a faculty member (and often also an industry mentor) and develop innovative solutions to real-world business problems. This helps a student to be confident as a management professional by the end of the course.

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A one-year program cuts back on redundancy and gets students to speed by leveraging their own experience. The quality and completeness of the curriculum is maintained to ensure a holistic learning experience, with peer-learning forming a major component of it.People from different academic background, job profiles and industries come together to share their own insights, put their experiences to concept and relates them to real-world examples.

How intense does it get?

As Stated by the most leading business schools conducting these programs, one year program are quite studious but they bring out the best in each candidate. Class hours are longer than those in other programs, followed by assignments, projects, readings and case analysis for the next day. To quote a one-year program alumnus from an Ivy League business school, the first few core terms are in fact a pressure cooker. But that same rigor trains a student to stay charged up and handle tense situations and unpredictable challenges at workplace. And what else does this reward one with? Let’s look at the benefits.

A Much Lesser Opportunity Cost

The longer you stay as a part of a workforce, the harder it gets for you to take a break and live without a steady income while pursuing higher education. This opportunity cost increases with the duration of hiatus. Here the opportunity cost is the income that you forego when you take a break from work and pursue higher education. Existing loans and family responsibilities make it even more difficult to take a break for two long years. A one-year program halves the opportunity cost and lets you get back to your professional and personal life in a year.

A Quick Leap

There are those who work hard and wait for the next appraisal, traverse the hierarchy and climb up the corporate ladder. And then there are those who jump a few levels and take up managerial roles by investing their time and efforts in management education. It’s one year in a business school versus years of appraisals and job changes. An investment of money, time and effort in the former saves one all the time and effort that would be spent in the latter.

A step ahead of the rest

While fresh minds are still in their second year of management education and busy getting placed, the one-year graduates are already awaiting their first appraisal. Who wouldn’t want faster returns on investment?

One-year programs are gaining more and more traction every year with some of the elite institutions in the country such as Indian School of Business, Great Lakes Institute of Management, Indian Institute of Management Ahmedabad, SP Jain Institute of Management and Research, and others rolling out these programs for experienced professionals. Admissions to these programs are conducted through major management entrance exams such as GMAT, CAT and XAT, and follow the same rigorous admission process with Test Score and Profile-Based Shortlisting, Essays/Statements of Purpose, Written Ability Tests, and Personal Interviews. Both types of programs serve to a different type of audience and carry equal dependability. It’s just a question of how appropriate a particular program is for an aspirant based on experience and background.

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Questions related to Great Lakes Institute of Management, Chennai

Showing 80 out of 80 Questions
57 Views

what will be the cmat cutoff to get admission in Great lakes chennai college and imt nagpur and imt Hyderabad also for pgdm

Sampriti Student Expert 6th Feb, 2020
Great Lakes Chennai considers an applicant pool of 500 students while giving a call so you can expect the cutoff to be a minimum of 98 percentile in CMAT.

For IMT Nagpur the minimum CMAT percentile required is 80 and for IMT Hyderabad they require a minimum score of 150 in CMAT. If you score more than 80 percentile you automatically get a call from both the Nagpur and Hyderabad campuses, provided that you've applied for IMT. But if your percentile is below 80 then you'll get a call only for IMT Nagpur. The GE/PI process for all the campuses except IMT Ghaziabad is conducted together and based on your performance you'll be allotted one of the two campuses.

Good Luck
92 Views

I have scored 93.06 percentile in CMAT 2020, Can I expect a call from colleges like GIM, KJ Somaiya , Great lakes Chennai and others?

Sampriti Student Expert 6th Feb, 2020
With your CMAT percentile it may be a little difficult to get a call from Great Lakes as they consider a pool of 500 students while giving a call which requires you to have a minimum of 98 percentile in CMAT.

If you belong to the state of Maharashtra then you have some chances of getting a call from KJ Somaiya as their cutoff lies between 93-94 percentile. But if you belong to other states then it would be difficult as the cutoff for other state students in CMAT is 99.97 percentile.

But you can get a call from GIM Goa as they require a minimum score of 240 in CMAT.

Moreover you can also check out some other good colleges as you have pretty decent percentile in CMAT
  • XIME Bangalore (fees =10 lakhs)
  • XISS Ranchi (10 lakhs)
  • IMT Nagpur (14 lakhs) and Hyderabad(12 lakhs) campuses
  • BIMM Pune (7.85 lakhs)
  • IFMR Chennai (12.5 lakhs)
  • ITM Navi Mumbai (10.5 lakhs)
  • Praxis Kolkata (7.57 lakhs)
  • BIMTECH Noida (considers CMAT scores for PGDM RM and PGDM IBM only) (fees =12 lakhs)

Good Luck
55 Views

I have got First cycle call from Great Lakes Institute of Management. It has resheduling option in the mail. Due to some issues i may not reach the venue on the date. If i reschedule the GDPI date to cycle 2. Is there any chance that my conversion rate may change..??

Manidipa Kundu Student Expert 11th Jan, 2020

hi,

see there is no reason that it might affect on your gdpi round, since they given you to choose option between days, its fine that you  choose the particular date as per your availability. so right now be confidence and prepare for the next rounds and hope for the best.

53 Views

With a school of 184 in nmat QA - 77 ,LS - 49 ,LR - 58 can i get admission into great lakes chennai PGPM programme ?

Nihal Kumar Gupta Student Expert 11th Jan, 2020

Hi Pandunga,

You have secured a good score in NMAT exam. After the declaration of the NMAT result every institutes prepare the merit list will be made  to call the candidate for the interview round. As you have secured 184 NMAT score you will get call from:

  • BSE Mumbai
  • SRM University, Chennai
  • Woxcen school of bussiness,Hyderabad
  • BML Munjhal university
  • LM Thapar school of management
  • ISBR Bussiness school
  • Indian school of bussiness, Hyderabad
  • ICFAI Hyderabad

These are college you from which you would get a call for MBA course

430 Views

what is the median package of the Great lakes chennai campus for marketing sector this year and last year?

Shalu Dua 25th Nov, 2019

PGDM Class of 2019

  • Average CTC offered for the Class of 2019 was 10.14 lakhs p.a. and median was 10.25 lakhs p.a.

PGPM Class of 2019

  • Highest Domestic CTC offered was INR 29 Lakhs per annum by a leading multinational company
  • Average CTC offered to the Class of 2019 was INR 13.1 Lakhs
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