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Management programs are known by different names in
India. While only Indian universities institutes can
grant the MBA degree, private management schools offer
a diploma in management. This diploma is offered under
many names like Post Graduate Program in Management
(PGPM) or Post Graduate Diploma in Management (PGDM)
or even Post Graduate Diploma in Business Management
(PGDBM).
Till some years back, MBA was chiefly seen as a 2-year
full-time course, but in the last few years there has
been growing acceptance of many other types of MBA programs.
There is one-year full-time accelerated MBA from institutes
like Indian School of Business and Great Lakes Chennai,
a 3-year part-time MBA course, online MBAs and even
a MBA via distance learning.
The two-year full-time is the most popular program and
found in most of the best B-schools like IIMs, Indian
Institute of Foreign Trade (IIFT), Management Development
Institute-Gurgaon, Xavier Labour Relation Institute
(XLRI)-Jamshedpur , S.P.Jain Institute of Management
& Research-Mumbai, etc. A management expert rightly
puts, "In the Indian context, the two-year MBA
program that has been adopted from the western model
of management expression is working well. Industry prefers
students passing out of the two-year MBA program. But
after the success of the 1-year management program pioneered
by ISB some years back, there is some churning. Many
B-schools including the IIMs have started offering one-year
programs."
The one-year MBA program is a very intense and fast
paced study course, so you should ensure that you have
the commitment and the staying power to commit yourself
fully for the time period. Most one year MBA courses
have a minimum experience requirement for eligibility.
You may find that places are limited and that you need
to meet certain criteria in terms of current qualifications
or experience in order to be eligible for this course.
ISB Hyderabad and several IIMs are offering this program
under PGPX/ PGPEX names. Candidate should check the
eligibility requirements as well as the course structure
and content before they apply for any particular program,
as this will ensure that they make an informed choice.
The third option is the executive management program.
The program is designed specially for working executives,
entrepreneurs and professionals who want to enhance
their skills in a formal setting while continuing their
job. There are many models for this need.
How is executive education different from the regular
MBA program? Answers Dr Lalit Johri, Head of Advance
Management Programme at Oxford University`s Said Business
School, "While MBA is a more general programme,
executive education is geared towards making managers
transform into business leaders. Quality executive education
focuses on challenges of leadership and provides perspectives
on emerging as a leader." Advancements in technology
have been put to good use in some cases by classes being
offered online. NIIT in October 2006 announced several
courses in alliance with IIMs. Reliance Info Way and
Hughes Systems are also offering such course.
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