Earlier known as the Post Graduate Program for Executives (PGPEX), it was recently renamed as MBAEx. It follows the decision of the IIM’s Board of Directors to grant degree certificates instead of diplomas to students of its one-year and two-year full-time management education courses.

IIM Calcutta MBAEx Class of 2020

The Class comprises 63 students with an average age of 31 years. They come from diverse backgrounds, including 15 industries, innumerable functional areas and 51 organizations.

The cohort has an average work experience of 8.75 years. About 17% of the batch has prior international work experience with an average international work experience of one year. The batch has a median GMAT score of 690 and a maximum of 750. Engineers form 90% of the class and 10% of the students have Post Graduate degree.

The current batch has greater gender diversity compared to the previous batch. Last year, the female candidates’ strength was 9% of the batch strength which has increased to 11% this year.

MBAEx Class Industry background

While 41% of the students have IT / ITES industry background, 17% come from Manufacturing, followed by 11% Energy / Oil / Gas, 9% Financial Services, 6% Consulting, 3% each in Analytics and Infrastructure, 2% each in Shipping, Aerospace, Defence, FMCG and Healthcare.

MBAEx Class Work Experience

The majority of the students, 51%, come with 5-8 years of full-time work experience followed by 33% with 8-11 years, 13% with 11-14 years and 3% with 14-17 years.

MBAEx Program Chairman’s Comments

Amit Dhiman, Chairperson, MBAEx said the program, since its inception in 2006, has undergone several changes to a stage where the world has started taking note of it.

He said IIMC started participating from the year 2017 onwards in the annual FT MBA Global ranking. the MBAEx ranking improved from 95th in the year 2017 to 78th in 2018  and jumped to 49^th rank in 2019.

Over the years, the batch strength of around 39 in the first batch has gone up to 66. “We have calibrated this increase very carefully with our experience in being able to fulfill various objectives of the program.

“The composition of the class itself has undergone significant change. The diversity in the batches has been increasing in the last couple of years and that is a positive sign of a maturing academic program,” he said.

“We have had in recent years students with a background as diverse as lawyers, dentists, architects and defense, apart from usual suspects- IT / ITES! The current batch has students from Oil and Gas, Biopharmaceuticals, Defence, IT / ITES, Manufacturing, automobile among others,” he added.

The academic structure of the program has undergone a transformation over recent years. The teaching load was reduced from 810 contact hours to 690 hours a few years back. In the revised structure, more experiential sessions, workshops, seminars, talks by senior executives and so on were included.

The curriculum was restructured to make it more sharply focused on the experienced participants. The number of elective courses in proportion to the compulsory courses was increased significantly.

“We offered a wide array of electives courses numbering around 44 last year for students to choose from. This is among the largest bouquet of electives offered anywhere in India for a similar program,” he said.

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IIM Calcutta has released the full placement report for the One Year MBA (Postgraduate program for Executives – MBAEx) class of 2019.

IIM Calcutta’s one-year program for executives MBAEx (formerly known as PGPEx) is offering the MBA degree to the students since April 2019. This program has triple accreditation of

• Association to Advance Collegiate Schools of Business (AACSB )
• Association of MBAs(AMBA)
• EFMD Quality Improvement System (EQUIS)

Ranking

• Ranked 3rd in NIRF ranking of management schools 2019.
• Ranked 49  in global FT MBA ranking 2019. 

IIM C MBAEx Placement Details

The 12th batch of IIM C One Year MBA had a great placement season that witnessed a huge increase in numbers as well as qualitative improvements. The highest salary offered was INR 124.90 Lakh. The hard work of the students paid off as the average salary increased 11.16% to INR 27.18 Lakh. Median salary rose by 14% to INR 23 Lakh. 

By February 2019, 95% of the class had job offers which represent the increasing demand for IIM C One Year MBA graduates. 

The 12th batch of IIM C MBAEx received 61 offers from across industries. Top recruiters were Accenture, Eclerx, RPG and Invest Punjab. 

About 60% of the class got consulting, ITES, and E-commerce organization offers.

Several new recruiters selected students for leadership roles. They included  

• Lynk Logistics
• Conduent
• Invest Punjab
• Spencers
• Udaan
• Guiltfree Industries
• Nissan Digital
• OYO Rooms
• Publicis Sapient
• SDG
• Swiggy Labs 
• Vector Consulting

Placement Key Statistics

The maximum offers are from Consulting, IT Products & Services and E-Commerce. The sector providing the top salary is E-Commerce.

Industry-wise offer distribution

Sector Wise Offer Distribution

Comparison over the last three years 

Major Recruiters 2019

• Accenture      
• Amazon AWS         
• Cafe Coffee Day       
• Cognizant
• Lynk   
• Eclerx           
• Conduent             
• PWC 
• Elastic Run           
• Ford   
• Invest Punjab                     
• EXL
• Nissan Digital         
• RPG                       
• HSBC 
• JK Lakshmi Cement
• AtoS Syntel             
• OYO                       
• Udaan                       
• Swiggy
• The VKC Group
• Sutherland 
• Trident Group
• Vector Consulting Group
• Realization
• Spencers
• Virtusa Polaris

Batch Profile class of 2019

• Number of students 61
• Average age 31
• Age Range 27-39
• Average GMAT Score 701
• GMAT Score range 660-750
• Average Experience 8.3 Years
• Experience range 5.0 to 14.4 years
• Participants with international work experience 44%
• Participants with experience of 5-6 Years 27%
• Participants with experience of 6-9 Years 38%
• Participants with experience of 9-11 years 17%
• Participants with experience of more than 11 years  18%

Industry Diversity

• IT 39%
• Manufacturing / Mining 17%
• Automotive 9%
• Energy / power / oil / gas 20%
• Banking, Consulting, Defense / Government, E-Commerce, Telecom / FMCG  3% each 

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Looking at joining a One Year MBA? Scouring rankings of the best One Year MBA programs is a great way to start your search. Rankings, when they are good, can give you a 360 degree view of a B-School or course on all the important parameters when you are figuring out What MBA to Select?

Outlook’s MBA Ranking should be one such ranking since it comes from a publication known in every household in India. But is Outlook’s ranking accurate?  Let’s find out!

Top 10 Colleges For a One Year MBA Programme 2018-2019

1. IIM, Calcutta
2. XLRI, Jamshedpur
3. Great Lakes Institute of Management, Chennai
4. SPJIMR, Mumbai
5. IIM, Shillong
6. IIT, Chennai
7. DMS, IIT, Delhi
8. IMI, Delhi
9. KJSIMSR, Mumbai
10. SDMIMD, Mysore

B-Schools That Deserve A Top 10 Rank

Indian Institute of Management, Calcutta (IIM C)

Xavier Labour Relations Institute (XLRI), Jamshedpur

SP Jain Institute of Management Research, (SPJIMR) Mumbai

All three B-Schools have had a good track record vis-a-vis the quality of students, infrastructure, international tie-ups, placements and quality of faculty for their One Year MBA and deserve to be ranked among the Top 10 Institutes offering a One Year MBA.

B-Schools That Are Missing From the Top 10

Indian School of Business, Hyderabad 

Indian Institute of Management, Ahmedabad (IIM A) 

Indian Institute of Management, Bangalore (IIM B)

Indian Institute of Management, Indore (IIM I)

Indian Institute of Management, Lucknow (IIM L) 

These are some of the top B-Schools with excellent One Year MBA Programs that are missing from the ranking.

If you came looking for the ranking of India’s best executive MBA programs (part-time programs suitable for people with 10+ years work experience) and not One Year MBA courses (full time courses suitable for people with 5+ years of work experience) – please read Top 10 Executive MBA Programs in India

All these B-Schools have well established One Year MBA Programs with average salaries in placements in the Rs 20-30 lakh/ annum range.

Tier 1 recruiters such as Google, Goldman Sachs &, Deloitte hire from these programs in middle to senior management roles.

These B-Schools are respected not just in India, but have made a mark on respected global rankings.

Indian School of Business is Ranked the No.1 B-School in India for its 1 Year Post Graduate Programme in Management (PGP) as per the Financial Times Global MBA Ranking 2018-2019 while IIM A’s One Year MBA (Post graduate programme in Management for Executives / PGPX) at IIM A is ranked No.2 in the same ranking.

If one looks at the quality of students joining the course,  these B-Schools sit right at the top. Average GMAT scores at these institutes hover around 710-720. 

Outlook mentions that “Various B-schools across India were contacted for participation, among which 145+ B-schools responded and provided their objective data within the stipulated time.”.

In could be possible that these B-Schools have been excluded from the ranking because they did not respond in time/ chose to participate. 

Does this ranking then stand for anything? 

If Outlook’s ranking has excluded top B-Schools since they did not respond, Outlook should clearly say so upfront and inform the reader about which B-Schools were excluded for this reason.

Automatically giving top slots in the ranking to less deserving B-Schools, if that is what has happened here, is misleading.  

Prospective MBA students take these rankings at face value and such a practice would lead them to a wrong decision.  

The Odd Birds in The Ranking

Great Lakes, Chennai, has been awarded Rank 3 for its One Year PGPM program. It is unclear by what standard.

Outlook India’s 2018-2019 Ranking of Top 10 Institutes With One-Year Programmes

Great Lakes’ placements, recruiters base and roles on offer are not comparable to those at the top B-Schools in India. 

The average CTC salary at Great Lakes for the Class of 2018 was Rs 11.21 Lakhs p.a., which is below average for a One Year MBA course in India. The lowest salary for the Class was Rs 8 Lakh p.a.

As we shared earlier in the article, top B-Schools such as ISB and IIM A offering a One Year MBA are able to secure Rs 18 lakh-25 lakh+ avg. salaries for their students. 

Alumni reviews about Great Lakes, Chennai, like most other things on the internet are split between the positive and the negative. The positive reviews talk of good mentors and a great campus, others are very critical and talk of poor placements & dressing up of placement data. 

Some of the reviews are anonymous – this is understandable, as current students who are dependent on the institute for placements would not want to attract the institute’s ire by sharing their views openly under their own name. 

IMI, Delhi, featured at Rank 8, has had a rough ride with its Executive PGDM. 

While the sanctioned intake at IMI is 60, the Class of 2018 consisted of just 10 self-sponsored students (another 6-8 are sponsored by their companies). IMI’s class size has been shrinking steadily over the past years.  

The average class size in a One Year MBA in India course in India is 60-100 students. Some B-Schools such as ISB have a 1000 strong intake for the PGP.

It is clear that IMI’s course has a low demand from students. The ranking awarded by Outlook is therefore surprising.

KJ Somaiya’s Executive PGDM, another school included in the Top 10, has not had a great run either. The placement statistics put up the institute on its website show that the average salary for the Class of 2018 was just Rs 10.7 lakh. 

The Ranking’s Twilight Zone

The inclusion of IIT, Delhi and IIT, Chennai is possibly the most confounding aspect of the ranking. IIT, Delhi offers an Executive MBA (part-time course for executives) – it doesn’t offer a One Year MBA. Similarly, IIT, Chennai offers a 2 Year Executive MBA, it doesn’t offer a One Year MBA at all!

The inclusion of SDMIMD, Mysore in the Top 10 B-Schools for a One Year Programme published in 2018 takes the cake since the first batch of the One Year Post Graduate Certificate Program in Management hasn’t even started as yet!

Outlook’s rankings have had such goof ups in the past. Outlook had included IIM Kozhikode’s 2 Year Executive MBA course in the 2013-2014 One Year MBA ranking. 

What takes the cake is the inclusion of SDMIMD, Mysore in the Top 10!

The institute has announced that the first batch of  its One Year Post Graduate Certificate Programme in Management (PGCM) will start in August 2019.

There is no batch yet, no track record the quality of students who are choosing the course, of placements or of feedback from students on the course quality – and yet, somehow, Outlook has deemed the course worthy of a Top 10 rank! 

See the anomaly on SDMIMD’s website where the the Top 10 Ranking gained in 2018 ranking is showcased next to the course commencement date of August 2019!

SDMIMD’s Rank 10 in Outlook’s 2018 Ranking showcased on the college website – right next to the course’s commencement date in August 2019

Unclear Methodology

Outlook’s MBA Ranking 2018-2019 covers both Two Year MBA Programmes & One Year Management programs. 

The publication has published a detailed methodology for the ranking of the Two Year MBA Programmes, namely – perceptual factors, placements, infrastructure & facilities, academic excellence, selection process, personality development & industry exposure.

The publication has however not mentioned the methodology for ranking B-Schools offering a One Year MBA. 

What do you think? Let us know in the comments below!

Placement Details

IIM Calcutta’s one-year full-time MBA Ex program has witnessed 100% placement for its 12^th batch, the Class of 2019 with the average salary of the batch rising by 11.16% to Rs 27.18 lakh and the median salary at Rs 23 Lakh, an increase of 14% over the previous batch.

The class, comprising 66 students, of whom 60 participated in the placement, witnessed a whopping 104% increase in average salary relative to their pre-MBA compensation, IIM Calcutta said in a statement.

Accenture, Eclerx, RPG and Invest Punjab were top recruiters by numbers. About 60% of the class joined Consulting, ITES, and E-Commerce organizations.

The highest domestic salary offered was Rs 1.25 crore, an increase of more than 40% over the previous batch. The Median CTC was Rs 23.00 lakh. E-commerce recorded the highest in terms of average salary at Rs 58.58 lakh and a maximum salary of Rs 124.90 lakh.

A total number of 68 companies participated in the placement process, coming up with 61 offers.

Several new recruiters hired for their leadership roles. Some of the prominent names were Lynk Logistics, Conduent, Invest Punjab, Spencers, Udaan, Guiltfree Industries, Nissan Digital, OYO Rooms, Publicis Sapient, SDG, Swiggy Labs and Vector Consulting.

Comments from Placement Chairperson

“We are quite pleased that the placements showed qualitative improvement as well. Many graduates were successful in shifting to industry, roles or functions of their choice. For programs such as MBA Ex, this shift is trickier compared to getting jobs,” Prof Abhishek Goel, Chairperson- CDPO at IIM Calcutta, said.

“Most importantly, 95% of the class had confirmed offers by February 2019 indicating strong demand for IIMC’s talent. The class had 61 offers extended from across industries,” he added.

“The hard work of the students, faculty and the institute has resulted in a wonderful outcome for our MBAEx graduates,” Prof Goel said.

Sector-wise Placements

IIM Calcutta’s one-year residential program for executives, PGPEx, was renamed as MBAEx in April 2019 with the institute acquiring the power to grant degree certificates instead of diplomas under the Indian Institute of Management (IIM) Act 2017 that granted a fair amount of autonomy to the IIMs.

In sector-wise placements, 47.55% came from IT Consulting, 14.76% from IT Products & Services, 9.85% from E-commerce, 8.19% from General Management, 6.56% from Manufacturing, 4.91% from FMCG, 3.27% each from Banking and Logistics, 1.67% from Automotive.   Source: IIM Calcutta