Are you a working professional searching for information on the latest One Year MBA programmes in India? This post will discuss some of the best One Year MBA programmes in India that are offered by top business schools, including IIMs, SPJIMR, ISB, XLRI, and others.
Here you will find all details like the fee, rankings, placements, and the admission process.
Also Read – What’s The Ideal Length for an MBA Program?
One Year MBA in India Advantages
A comparison of 1-year MBA with 2-year MBA programmes highlights the benefits you stand to gain from enrolling in One Year MBA programmes. Though they may not satisfy everyone’s needs, it is safe to say that the One Year MBA programme plays a vital role in the career development of any working professional in today’s competitive market.
Here are compelling reasons why you must join a One Year MBA programme in India.
- Time-Efficient:As the name implies, it is a 1-year programme, which means your curriculum is not affected. You can finish the degree without losing much time from a career perspective.
- Pocket-Friendly:A One Year MBA usually does not cost much compared to a 2-year or 3-year course.
- High Returns:You will be stunned to know that the One Year MBA in India programme comes with exceptional ROI. Of course, it depends on the business school you plan on enrolling from.
- Good Scope:The One Year MBA programme lays a foundation for your future studies, and those of you who intend to cement their careers in the education field can join post-doctoral programmes.
Also Read – Degrees For IIM’s 1 Year MBA May Soon Be Reality
One Year MBA In India – Types of Courses
Below we have given the types of courses students can join in the One Year MBA programme.
- You can join the programme in top institutes in the country like IIMA, IIMB, IIMC, etc.
- The executive PGDM given by AICTE is an approved programme by top B-schools like SPJIMR, XLRI, MDI, Great Lakes, and others
- An equivalent One Year MBA programme is offered by ISB, Masters’ Union. Students can consider enrolling in it.
- Though the One Year MBA programmes might look the same, you can find several notable differences because of the positioning and target audience.
Now let us look at the three main kinds of One Year MBA programme in India.
Top One Year MBA offered by IIMs
|Institution||Duration||Batch Size||Batch Average Work Experience||Minimum Work Experience Required||Fees (Rs Lakhs)||Average Placement (Rs Lakhs)||Month of Programme Commencement|
|IIM Ahmedabad – PGPX||12 Months||140||8.9 Years||4 years||25,00,000||33,36,247||April|
|IIM Bangalore – EPGP||12 Months||80|
|7.5 Years||5 years||25,89,000||23,46,000|
|IIM Calcutta – MBAEx||12 Months|
|8 Years||5 Years|
|IIM Indore – EPGP||12 Months|
|7.9 Years||5 Years|
|IIM Lucknow – IPMX||12 Months||61||8.4 Years||5 Years||23,50,000||–||April|
|IIM Kozhikode-PGP BL||12 months||67||—||3 Years||22,50,000||–||December|
Also Read – How Student Clubs Help Deepen The MBA Experience
Also Read – Some Tips to Future Proof Your MBA
One Year MBA equivalent program offered by ISB
|B-school – Program Name||Duration||Average Work Experience of the Batch||Minimum Work Experience Required||Fees||Average Placement||Month of Programme Commencement|
|ISB Hyderabad – PGP||12 Months||4.3 Years||2 Years||34,63,240||25,09,000||April|
Also Read – How to Finance Your MBA?
Top One Year MBA equivalent to PGDM Executive offered by AICTE approved Business schools & Universities
To find out more about the One Year MBA equivalent PGDM executive programmes offered by AICTE B-schools and universities, please refer to the below table:
|B-school – Program Name||Duration||Average Work Experience of the Batch||Minimum Work Experience Required||Fees||Average Placement||Month of Programme Commencement|
|SPJIMR Mumbai – PGPM||15 Months|
|6.4 Years||5 Years||19,60,000|
|XLRI Jamshedpur – PGDM (GM)||15 Months|
|6.7 Years||5 Years||20,00,000|
|MDI Gurgaon – NMP||15 Months|
|7.8 Years||5 Years||15,35,000||–||February/March|
|Great Lakes Chennai, Gurgaon – PGPMa,||12 Months||3.4 Years||2 Years||1925000||13,11,000||May|
|IMI New Delhi||15 Months||—||5 Years||12,00,000||—||April|
|K J Somaiya Institute of Management Studies & Research, Mumbai- EXEC||15 Months||–||5 Years||7,52,900||10,70,000||September|
|FORE School of Management, Delhi||15 Months||–||5 Years||12,00,000||—||November 2020|
|LBSIM, New Delhi||15 Months||5 Years||5,49,750||—||July/August|
|XIM Bhubaneswar (XIMB)|
|12 Months||3.5 Years||3 Years||16,50,000||NA||To be announced|
|SDMIMD Mysore – PGCM||15 Months||1.6 Year||None||6,50,000||NA||August 2020|
Comparison of One Year MBA program’s by IIM’s, ISB, SPJIMR, XLRI at a glance
Given below table consists of details between three different types of One Year MBA programmes.
|IIMA, IIMB, IIMC, IIMI, IIML||XLRI, SPJIMR, XLRI||ISB|
|Program Duration||12 months||15 months||12 months|
|Minimum Work Ex Required||4-5 Years||5 Years||2 Years|
|Average Batch Work Experience||7.8 Years||6.55 Years||4.3 Years|
|Fee||25-27 lakhs||19-20 lakhs||34.63 lakhs|
|Average Placements||24-30 lakhs||17-18 lakhs||22.15 lakhs|
Also Read – The Achilles’ Heel Of OYMBA
One Year vs Executive MBA
One Year MBA in India Vs Executive MBA: Clear the Confusion
Through this post, we would like to give readers a clear picture of the difference between One Year MBA and an Executive MBA (EMBA). The EMBA program is offered in countries like China, the US, Singapore, and even Europe.
The EMBA program is usually taken up by senior executives who want to up their qualifications and salary prospects without leaving their jobs. Likewise, the Executive MBA in India is quite popular among Indian executives.
The first full-time MBA programme, equivalent to the European MBA program, was launched in India by ISB Hyderabad in 2001. It was known as the Post Graduate Program (PGP). However, they brought a stipulation that required students to have few years of work experience.
Following suit, IIM Ahmedabad started its own ‘Post Graduate Programme in Management for Executives in 2006. This was a One Year, residential program called PGPX. Likewise, the ‘Post Graduate Programme for Executives’ or PGPEX was started by IIM Calcutta.
Best One Year MBA In India
It cannot be easy to pin-point the best One Year MBA programme in India because more than 50 top-rated business schools offer similar programmes. A few of them include IIM Bangalore, IIM Calcutta, ISB Hyderabad, IIM Ahmedabad, IIM Udaipur, IIM Lucknow, IIM Kozhikode, XLRI Jamshedpur, SPJIMR Mumbai.
Getting your EPGP by IIM Bangalore, PGPX by IIM Ahmedabad graduation from here can be highly beneficial from a career point of view. Besides, the PGP offered by ISB has been rated as the top One Year MBA programme in the country.
You can also consider enrolling for GSCM and DEM in IIM Udaipur. Below we have given a list of the best One Year MBA programmes in India. The list has been designed based on 4 pointers, namely, 1) One year MBA rankings for the programme and the overall one year MBA colleges ranking in India, 2) Placements received in the 1 year MBA Program, 3) the quality of students based on their GMAT score and work experience, and 4) One year MBA fee.
We want to mention that the SPJIMR Mumbai, XLRI Jamshedpur, and MDI are non-IIM business schools offering the best One Year MBA programmes in India.
One Year MBA in India Rankings
The criteria used to rank one-year MBA programs in India is not nearly as comprehensive as the criteria used to rank two-year MBA programs (in India!) There are only a handful of esteemed global publications that mention top-notch one-year Indian MBA programs. Two of these are the Financial Times London and Outlook.
Excerpts in terms of rankings from these publications of one-year Indian MBA programs are below:
Financial Times Global MBA Rankings 2021: 5 Indian one-year MBA Programs are among the Top 100 MBA Programs in the World:
|Overall Rank In India (Extrapolated)||Global Rank in 2021||School name||Country, by primary campus||Career progress rank||Aims achieved (%)||Salary percentage increase||Weighted salary (US$)||Overall Satisfaction|
|1||23||Indian School of Business||India||21||85||173||161349||8.98|
|2||35||EPGP – IIMB, (Indian Institute of Management – Bangalore)||India||18||83||127||171903||9.18|
|3||44||IIMC (Indian Institute of Management – Calcutta)||India||7||83||129||167045||8.7|
|4||48||PGPX – IIMA (Indian Institute of Management – Ahmedabad)||India||2||79||87||192390||8.65|
|5||94||EPGP – IIM Idr (Indian Institute of Management – Indore)||India||4||79||69||155823||9.23|
One Year MBA at IIMs
The IIM’s one year MBA programs
The IIMs are the creme de la creme in terms of India’s business schools. Working people can enroll in the Full-Time Residential MBA for Executives programs. Professionals with 3-7 years of experience dream about enrolling in these one-year programs
According to IIM Ahmedabad, “The Post Graduate in Management Program for Executives (PGPX) is one of the world’s best full-time MBA programs. IIM Ahmedabad specifically designed this program for bright, enthusiastic, and ambitious executives with lots of work experience. The PGPX program attracts the cream of the crop in terms of talent from diverse industries, cultures, and geographies.
IIM Bangalore offers the one-year, full-time Executive Post Graduate MBA Program (EPGP.) This was specifically designed for talented people with exceptional and extensive work experience. The average student has between 5-12 years of work experience. Students come with work experience in a variety of industries.
One Year MBA at Private Schools
One Year MBA Offered by Private B-schools and Universities
Some of India’s ten best one-year MBA colleges are:
- SPJIMR one-year MBA
- XLRI one-year MBA
- MDI one-year MBA
- IMI New Delhi one-year MBA
- Great Lakes one-year MBA
- Xavier University one-year MBA
- NITIE one-year MBA
There are Two Types of One-Year MBA Programs offered by India’s Private Colleges
- One-year MBA equivalent programs. Private schools that are AICTE accredited offer these. Some examples are SPJIMR, XLRI, MDI. These business schools offer the Executive PDGM. This program is also accredited by the AICTE.
UGC recognized universities offer full-time one-year MBA programs. Students are not allowed to work while studying. One university that offers these programs is Xavier University, Bhubaneshwar.
- Independent schools offer one-year MBA equivalent programs. However, these are not accredited by the AICTE. Two such schools are ISB Hyderabad and Great Lakes Chennai. However, students find employment in the corporate world soon after graduating.
The remainder of this article will discuss the one-year equivalent MBA programs that AICTE accredited private business schools offer.
Jobs & Salaries
Career Growth At Top One Year MBA Programs
IIM Ahmedabad PGPX Placements
Students and recruiters run after IIM Ahmedabad PGPX for its MBA program because of its minimum work experience of four years and good leadership and management skills.
In 2019, the IIMA PGPX’s placement received an international package of USD 109,666, while the highest international salary increase by over USD 40,000 the following year. 60 lakh is the highest salary for domestic jobs.
Here is a table showing the details of IIMA PGPX 2019 placements:
|Total number of candidates eligible for placements||137|
|Number of candidates who do not opted for on-campus placements||20|
|Number of candidates placed on-campus||117|
|Number of candidates who accepted the offers||114|
|Average salary||INR 30,35,708|
|Highest domestic salary||INR 60,00,000|
|Highest international salary||USD 109,666|
IIM Bangalore EPGP Placements
IIMB EPGP has been ranked among the top 35 in the FT global ranking 2019€. The college placements are better each year and the average salary offered was INR 26.28 lakh, 13% higher than the previous year.
The table provides details about IIM Bangalore EPGP 2019 placements:
|No. of interviewing companies||73|
|No. of offers made||64|
|No. of candidates who remained unplaced||08|
|Average salary offered||INR 26.28 lakhs|
|Median salary offered||INR 25.00 lakhs|
One Year MBA Fee: One Year MBA Colleges Fees in India, One Year MBA Fee Structure
Top business schools like ISB, IIMs, XLRI, SPJIMR and MDI offer one year MBA courses to candidates having 3 to 10 years of working experience. The faculty for the one year program is an expert to stay at par with the regular course. Therefore, sometimes the fee for both programs can be the same.
One Year MBA Fee in India by types of institutions
There are plenty of colleges in India for one-year courses. They can be classified under:
One year MBA courses under IIMs, like IIMA, IIMB, IIMC
AICTE approved executive PGDM courses under XLRI, MDI, SPJIMR
MBA equivalent programs under ISB, Great Lakes, SOIL, etc.
Executive and one year course MBA are different.
One Year MBA Admission Process: Exams, GMAT Scores, Last Date
The process to apply for a one year MBA course varies from one IIM to another as well as other MBA colleges with different systems. However, one thing in common among the colleges is a minimum requirement of a bachelor’s degree with a high percentage and work experience. Master’s Union School of Business, Gurugram is the only college that does not require work experience as a criterion for admission.
Top MBA colleges like IIM Ahmedabad, Bangalore, Calcutta, Lucknow and ISB also require an aggregate GMAT/GRE score with at least 50% score in Bachelor’s accompanied by work experience of five years to be eligible for the entrance exam and admission process. One year admission process only after the two years admissions are closed and candidates are shortlisted based on test scores of GMAT/GRE as well as their overall profile. The letter of recommendation for the final admission is evaluated only after the candidate passes the personal interview, written ability test and provides a rigid statement of purpose.
Executive MBA is different from a one year MBA course. Read Executive MBA in India.
Important Dates to Apply For 1 Year MBA
Here are the important dates along with the application fee for the one year programme in top MBA colleges in India.
|One Year MBA Institutes||Application Deadline||Application Fee (In INR)|
|ISB Hyderabad||Round 1: Sep 15, 2020||Round 1: Rs.5000|
|Round 2: Dec 1, 2020||Round 2: Rs.7500|
|Round 3: Jan 1, 2021||Round 3: Rs.10000|
|IIM Ahmedabad||Round 1: Aug 27, 2020||Round 1: Rs.5000|
|Round 2: Oct 24, 2020||Round 2: Rs.7500|
|IIM Bangalore||Round 1: Aug 29, 2020||Round 1: Rs.3000|
|Round 2: Nov 28, 2020||Round 2: Rs.5000|
|IIM Calcutta||Round 1: Sep 15, 2020||Round 1: Rs.2000|
|Round 2: Nov15, 2020||Round 2: Rs.2000|
|IIM Lucknow||Round 1: Nov 15, 2020||No Application Fee is charged by IIM Lucknow|
Ques. What is the main difference between One Year MBA and an executive MBA?
Ans. The One Year MBA and an executive MBA programme are different on many levels. The duration of the course and the eligibility criteria are different.
Ques. Is the One Year MBA programme on par with a full-time MBA?
Ans. The One Year MBA programme and the full-time MBA in India hold the same value. They are similar in several aspects as they can increase the scope of your career prospects. Besides, the chances of you getting a promotion at your workplace are high.
Ques. Why do you want to enroll in a One Year MBA/Executive MBA in India?
Ans. The One Year MBA and the Executive MBA programme in India are both different. The One Year MBA programme is suitable for those who have a job and want to improve their management skills. The course enables students to delve further into the field and gives opportunities for them to garner promotions or salary increments.
Ques. What should be your age to join a One Year MBA programme in India?
Ans. There is no particular age for you to enroll in a One Year MBA programme in India. As long as you can fulfill the eligibility criteria, there is no reason why you must not do the course. Typically, students enrolled are between the 30-35 years age group.
Ques. What are the requirements to join the One Year MBA in IIMs?
Ans. The One Year MBA programme in IIM is top-rated among students who want to enhance their careers. The main joining criteria would be few years of work experience. The other requirements to join the course are as follows:
- You must be a graduate of any stream.
- You should have had a valid GMAT score.
- You must meet the minimum age requirement of the institute.
Ques. Do students of 1-year MBA/Executive MBA programmes get to sit in placements held in IIMs?
Ans. Students of the Executive programme are not all to attend placements in IIMs. However, students of the One Year MBA programme in PGPX and EPGP can attend placements, held by the companies that they worked in previously.
Ques. What is the minimum work experience for joining the One Year MBA programme?
Ans. The minimum work experience for joining the 1-year MBA programme is 3-5 years in India.
Ques. What companies can One Year MBA programme graduates join?
Ans. Upon completing the One Year MBA programme, the students can join some of the top companies in India. A few of them are as follows:
Ques. What is the salary package of graduates of the One Year MBA programme?
Ans. The salary of the graduate depends on the institute you have finished your course from. Students can earn between INR 9-30 lakh in India.
Ques. Who is a working professional?
Ans. A working professional is an individual who is employed or working in a government or private sector. Besides, they can even run their own business. A programme for working professionals indicates that the individual can join the course without terminating their existing employment. The One Year MBA programme is a full-time residential course whereas the Executive MBA programme is suitable for working professionals.
Ques. Can you apply for the One Year MBA programme using your CAT score?
Ans. Generally, colleges consider the score of exams like GRE, GMAT, and EMAT. However, some institutes might accept CAT.
Ques. What is the total fee for doing a One Year MBA programme?
Ans. The total fee for joining a One Year MBA programme is INR 10-30 lakh.
Ques. What kind of questions are asked when attending the One Year MBA/Executive MBA programme interview?
Ans. As you are working professionals, the main scope of the interview would be to find out more about your personality and career objectives. Besides, your attitude and aptitude knowledge can be tested in the form of a small test.
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