Fast track MBA in India

Hello sir I would like to know the reasons for increasing in demand of fast track MBA program so please provide me information about the same.

[Pathak]

The one-year MBA is rising in popularity in India for many reasons including value for money and the convenience of a faster program.

Reasons for One Year Programs

One-year programs teach students to analyze situations quickly, think on their feet and apply their skills to real business situations.

Students learn to combine their industry expertise with the fundamentals of management that are acquired over the year.

Career interruptions are minimized for students while companies encourage promising employees to prepare for leadership roles.

A one-year MBA is an ideal platform to recharge before returning to the corporate world

A one-year MBA can cost anything between Rs 750,000 and Rs 1,700,000 (US$15,000 and $34,000) depending on the school.

Work experience requirements for one-year MBA programs

Schools such as GLIM, the Indian School of Business (ISB), SOIL, SP Jain Institute of Management and Research (SPJIMR) among others offer the one-year program with a focus on applicants with at least a few years of work experience.

In fact, ISB pioneered the one-year format in India, an experiment that turned out hugely successful.

The average experience of the current batch at GLIM is around four years.

Differences Between One and Two Year MBA Programs and Students

The one-year full-time postgraduate program in management (PGPM) helps students understand the interactions between the various functional areas of a business system and thereby appreciate the need for developing cross-functional perspectives in business.

The intensive program demands students with a proven record of academic brilliance along with an ability to demonstrate vision, initiative, leadership and hard work.

“The one-year program at SPJIMR is different from the traditional two-year model on the following counts.

The participants are more experienced, have a clear idea about what kind of job they want to have after their MBA in terms of role.