This blog is meant for those working professionals who have a good measure of professional experience, say two years & and above and who need to upgrade their skills to secure smooth career progression by enrolling themselves in the 1 year MBA programme.
MBA meaning is crystal clear to the ambitious and enthusiastic students who are ready to take the challenges posed by rapid changes, frequently faced by the business houses and industries.
MBA courses are the most sought-after across the globe. Working professionals often prefer to pursue an MBA part-time.
1 year MBA is offered by different Universities in various modes e.g. Full-time Residential MBA, Part-time MBA and Executive MBA and in Online mode as well.
MBA means- Master of Business Administration equips the learner with problem-solving skills.
The diversity from across the different geographical boundaries in the batches of 1 year MBA from reputed Business Schools is the hallmark in instilling confidence amongst the learners and inculcating business acumen.
Successful completion of the 1 year MBA proves to be a catalyst in ensuring accelerated career progression.
Generally, for admission to the 1 year MBA full-time in India, the minimum eligibility prescribed is that a candidate should have a graduation degree in any discipline & and a minimum professional or entrepreneurial experience of 5 years.
Candidates are shortlisted for admission to the 1 year MBA program based on GMAT/GRE scores & and the overall profile/personal interview/Statement of Purpose(SOP).
One-year MBA programs online are offered by IGNOU and certain other reputed private Universities.
Such affordable online MBA courses are in great demand as these are not only cost-effective but also provide freedom to learn anytime, anywhere.
One-year MBA programs online are very cost-effective with a huge return on investment(ROI).
Affordable online MBA programs are best suited for working professionals who passionately endeavour to upgrade their professional skills but owing to paucity of time are constrained to pursue the programme in the conventional mode.
The notable institutes that offer 1 year MBA are discussed below:-
1. Indian School of Business (ISB)’s PGP in Management
ISB’s Post Graduate Programme in Management (PGP) is on the list of acclaimed One year MBA programs.
The Association accredits the Indian School of Business (ISB) to Advance Collegiate Schools of Business (AACSB)
The EFMD Quality Improvement System (EQUIS) and the Association of MBAs (AMBA). Making ISB the youngest school to get the triple accreditation.
ISB has a student exchange programme and visiting faculty collaborations with more than 50+ international schools.
To keep the focus on research, the ISB partnered with London Business School and MIT Sloan School of Management. The one-year MBA program at ISB is the most sought-after.
The 1 year MBA, -the PGP programme at ISB is designed for professionals with 2-25 years of experience.
Eligibility criteria for admission to the ISB Post Graduate Programme :
1) Students should possess an undergraduate (Bachelor's Degree)/post-graduate degree in any discipline.
2) Full-time work experience of a minimum of two years for the PGP regular admissions
3) A valid GMAT/ GRE score is required, however, there is no specific minimum score required for the GMAT/GRE. Generally, the GMAT scores range from 530 to 780, while the GRE scores range from 319 to 330 for securing admission to the PHP.
4) TOEFL/IELTS score is required for students from countries other than India, where English is not the primary language of instruction
All short-listed applicants are interviewed.
MBA fees structure: The total fee structure for the PHP programme inclusive of GST in INR is 38,67,980/-[ 3.54.000(Admission-Fees)+2,36,000(Commitment Fees)+32,77,980(Tuition fees and other charges)]
2. Indian Institute of Management, Ahmedabad(IIM A)
The Indian Institute of Management, Ahmedabad offers the MBA-PGPX, a 1 year MBA programme for management executives with a Bachelor’s degree or equivalent in any discipline and at least 4 years of working experience. The minimum age prescribed for the candidates is 25 years.
1 year MBA applicants are also required to have a valid GMAT/GRE score which is valid for five years from the date to the application deadline date of the round in which the candidate is applying.
During this 1 year MBA programme, the focus remains on leadership and change agentry at the global level. The capstone exercise, during the 1 year MBA programme aims at integrating all the concepts and general management skills learnt over the year.
On successful completion of the 1-year MBA-PGPX programme, the students are conferred with an MBA degree.
MBA courses Fee Structure :
MBA courses Structure for the 2023-24 MBA program Batch is INR 31.5 lakhs for candidates opting for SSH (Single Accommodation) and 33.5 Lakhs for candidates opting for MSH (Married Student Housing) plus the cost of International Immersion Programme (IIP) excluding travel and stay related expenses.
3. IIM Calcutta
IIM Calcutta offers a one-year full-time residential MBA program for Executives with more than five years of professional experience. The sanctioned batch strength is around 80.
There is no minimum GMAT score required for applying for the one-year MBA program.
Relative ranking based on all the criteria such as GMAT score, academic background, professional experience, personal interview, statement of purpose and recommendation letters from two referees are awarded for selecting the candidates.
The international immersion module, which is a part of the 1 year MBA curriculum, includes company visits and academic sessions at international business schools.
No separate fee is charged for this module. MBA fees for the academic year 2024-25 are Indian Rupees 31,00,000/- (non-refundable) or equivalent US$ for one year, payable in four instalments.
The breakup of the MBA fees is as under:-
Commitment Fee of Indian Rupees 2,00,000/- is taken at the time of acceptance of the admission offer.
Payment of Indian Rupees 10,00,000/- by 15 March 2024 (second instalment).
Rs 60,000/- is to be paid as a security deposit. (Refundable after necessary adjustments)
Payment of Indian Rupees 10,00,000/- by 21 July 2024 (third instalment)
Payment of Indian Rupees 9,00,000/- by 24 November 2024 (fourth instalment)
4. IIM Indore
IIM Indore offers the Executive Post Graduate Programme in Management (EPGP), a one-year full-time residential programme.
EPGP is designed for experienced professionals to enhance their skills and business acumen.
The MBA fees of the one-year EPGP programme are INR 22,11,800/- (Indian passport holders) and Rs.33,17,700/- (Foreign passport holders) and prescribe a minimum work experience of 5 years.
The topics covered in-depth, during the one-year programme are Business Models, Project Management, Brand Management and Marketing Analytics.
This programme was accredited by the Association of MBAs (AMBA) London (UK) in the year 2016 and re-accredited in 2019.
Apart from the AMBA accreditation, IIM Indore has been accredited by the EFMD Quality Improvement System (EQUIS) and the US-based Association to Advance Collegiate Schools of Business (AACSB).
IIM Indore is in the Top 100 Business Schools in the FT Rankings in the Global MBA Programmes 2023 for its flagship One Year Full-Time Residential Post-Graduate Programme for Executives (EPGP).
In the EPGP programme, in addition to the comprehensive functional core module, the elective courses are industry-centric, emphasizing analytics, BFSI, e-commerce, marketing, operations & and strategy, etc.
The curriculum of EPGP includes case-based learning, an international immersion programme, analytics workshops, an industry consulting module, and guest lectures.
5. Institute of Management Technologies, Centre for Distance Learning, Ghaziabad
The PGCM programme is 13 Months in duration and offers a well-structured module on Business Administration.
The program covers fundamental topics in General Management, Finance, HR, Operations and Marketing Management. It encourages the learners to apply contemporary management business knowledge and perspectives.
Programme Eligibility :
Bachelor’s Degree in any discipline from any recognized University or equivalent degree recognized by the Association of Indian Universities (AIU).
Programme’s curriculum :
The PGCM is covered in two Semesters. The Programme has a total of forty-four (44) credits.
Foundation Courses(Non Credit)
Basics of Accounting
Principle of Economics (Credit-4)
Financial Management (Credit-(4)
Basics of Communication
Business Environment (Credit-4)
Basics of Management
Basics of Business Statistics
Operations and Supply Chain Management
Introduction to Information Systems
Fee Structure :
The performance of the learners is assessed by evaluating the assignments (30 marks ) & and term examinations (70 marks) which are conducted at the end of every semester.
The learners need to secure 40% marks in aggregate of Assignments & And term examinations with a minimum of 25 marks in the End term examinations to be declared as ‘Passed’.
Also, a student should secure a minimum of 40% marks in Viva Voce to be declared as a ‘Pass’.
Conclusion Of 1-Year MBA
A 1 year MBA is cost-effective and helps bring a rapid career progression. An MBA degree is the prized one, as the extensive programme equips the learners with leadership skills & and business skills that invoke the spirit of entrepreneurship.
MBA colleges in India provide an array of specialisations during the MBA programmes. The educational experts of the Distance Pathshala carry out intensive research to help the candidates who endeavour to upgrade their skills by pursuing cost-effective and job-oriented programmes.
The seasoned team of the Counsellors of the Distance Pathshala provides personalised guidance to aspiring candidates.
All aspiring students who are in a quest to find the best Online and distance Learning programmes must connect with the dedicated team of Distance Pathshala.
FAQ Of Is a 1-Year MBA Worth It?