Are you an executive looking for accurate information about One Year MBA programs offered by IIMs, ISB, XLRI, SPJIMR and other B-schools? Welcome to MBAUniverse.com ‘One Year MBA for Executives’ Channel. This channel presents Rankings, Fee, Placements, Admission process for One Year MBA in India. We also clarify the difference between ‘Executive MBA’ Vs ‘One Year MBA’ for Executives in India. Both are NOT the same!
Executive MBA Vs One Year MBA for Executives in India: Clearing the confusion
Let’s first understand the difference between One Year MBA and Executive MBA. In US, Europe, China and Singapore ‘Executive MBA’ or ‘EMBA’ is generally a modular, part-time program offered for senior executives who don’t wish to leave their well-paying full-time jobs for earning MBA credentials. Many of the World’s top EMBA programs are offered jointly by a few leading B-schools, usually across the continents. For instance, the Financial Times ‘Executive MBA Rankings 2018’ ranks Kellogg-HKUST EMBA, Trium: HEC Paris/LSE/NYU: Stern, Tsinghua University-INSEAD as top three EMBA programs in the world.
Coming to India, there is some unwarranted confusion between ‘Executive MBA’ and ‘One Year MBA for Executives’. To clear the air, some historical perspective is useful.
In 2001, like many European MBA programs, ISB Hyderabad launched its one-year full-time residential MBA equivalent program called Post Graduate Program (PGP). This required a mandatory work-experience of a few years, and thus aimed exclusively as executives. Following its success, in 2006, IIM Ahmedabad launched its ‘Post Graduate Programme in Management for Executives’, its one-year, full-time, residential programs popularly known as PGPX. IIM Calcutta too launched its ‘Post Graduate Programme for Executives’ or ‘PGPEX’. In 2009, IIM Bangalore launched ‘Executive Post Graduate Programme in Management’ or ‘EPGP’. Both IIMC’s PGPEX and IIMB’s EPGP were one-year, full-time, residential MBA Equivalent programs.
Given that word ‘Executive’ is part of virtually all 1-year MBA programs by IIMs, media and general public started calling these One Year MBA equivalent programs as Executive MBAs. Clearly, the one-year residential MBA programs by IIMs are NOT part-time/modular Executive MBA programs, as EMBAs are known globally.
This confusion was perhaps further compounded when AICTE, the management education regulator in India, permitted PGDM B-schools to offer ‘Executive PGDM’ – also a full-time residential 15-months MBA equivalent program. So XLRI offered PGDM (General Management) and MDI offered National management Programme and IMI offered Executive Post Graduate Program – all leading to ‘Executive PGDM’. Today more than 25 B-schools are offering Executive PGDM programs in Delhi, Mumbai, Bangalore and other cities.
To close this debate, refer to this table below:
Executive MBA Vs 1 Year MBA: Not the same
|
|
One Year MBA for Executives
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Executive MBA/EMBA
|
|
Examples:
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ISB’s PGP or IIMA’s PGPX
|
ISB’s PGPMAX
|
|
Full Time
|
Yes
|
No
|
|
Residential
|
Yes
|
No
|
|
Duration
|
12-15 months
|
Varies from 15 months to 36 months
|
|
Minimum Work Ex Required
|
5 Years for IIMs, 2 Years for ISB/Great Lakes
|
Much higher, generally 10-15 years
|
|
Admission
|
GMAT/GRE required. Rigorous process.
|
Profile based. GMAT generally not required
|
|
Fee compared to 2-yr program
|
High
|
Much Higher
|
|
Placement Assistance
|
Yes
|
No
|
Source: MBAUniverse.com Analysis 2019
Some above table the difference between 1-year MBA and Executive MBA is clear. While One year MBA by IIMs, ISB, XLRI is a fully residential program, Executive MBA is a part-time or modular program which doesn’t require compulsory campus presence. The admission process of 1 Year MBA vs Executive MBA is also different.
With this clarification, let’s move forward to understand more about ‘One Year MBA for Executives’ in India. (For those who will not like to leave their full-time jobs but looking for good managerial qualifications, refer to links for some good part-time/modular program options.)
Coming back to One Year MBA for Executives in India, good news is that there are plenty of choices. We classify them into three types, below.
One Year MBA: Types of institutions
- One Year MBA by IIMs including IIMA, IIMB, IIMC and others
- ‘Executive PGDM’ offered by AICTE approved top B-schools like XLRI, MDI, SPJIMR and others
- One Year MBA equivalent program offered by ISB, Great Lakes, SOIL and others
While all these three One Year MBAs may appear same, one closer analysis, you will notice many differences due to the positioning and target-audience of these programs.
Let’s review three types of One Year MBA programs in detail.
Top One Year MBA offered by IIMs
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Institution
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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
|
138
|
8.75 Years
|
4 years
|
25,00,000
|
28,84,111
|
April
|
|
IIM Bangalore - EPGP
|
12 Months
|
73
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7.1 Years
|
5 years
|
25,89,000
|
23,46,000
|
April
|
|
IIM Calcutta - PGPEX
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12 Months
|
68
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8 Years
|
5 Years
|
22,00,000
|
24,52,000
|
April
|
|
IIM Indore - EPGP
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12 Months
|
66
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7.9 Years
|
5 Years
|
20,00,000
|
20,00,000
|
April
|
|
IIM Lucknow - IPMX
|
12 Months
|
61
|
8.4 Years
|
5 Years
|
23,50,000
|
-
|
April
|
Source: MBAUniverse.com Analysis 2019
Read more about One Year MBA offered by IIMs
One Year MBA equivalent program offered by ISB
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B-school - Program Name
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Duration
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Average Work Experience of the Batch
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Minimum Work Experience Required
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Fees
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Average Placement
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Month of Programme Commencement
|
|
ISB Hyderabad - PGP
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12 Months
|
4.3 Years
|
2 Years
|
34,63,240
|
22,14,684
|
April
|
Source: MBAUniverse.com Analysis 2019
Top One Year MBA equivalent Executive PGDM offered by AICTE B-schools & Universities
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B-school - Program Name
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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
|
17,88,000
|
17,26,500
|
January
|
|
XLRI Jamshedpur – PGDM (GM)
|
15 Months
|
6.7 Years
|
5 Years
|
20,00,000
|
17,54,000
|
April
|
|
MDI Gurgaon - NMP
|
15 Months
|
7.8 Years
|
5 Years
|
15,35,000
|
-
|
December (Round 1) & January (Round 2)
|
|
Great Lakes Chennai, Gurgaon – PGPM,
|
12 Months
|
-
|
2 Years |
18,94,000
|
13,11,000
|
June
|
Source: MBAUniverse.com Analysis 2019
Read more about One Year MBA offered by AICTE B-schools & Universities.
Comparison of 1 Year MBAs by IIMs, ISB, SPJIMR, XLRI: At a glance
To summarize the difference between these three different types of one year MBA, check this table below.
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IIMA, IIMB, IIMC
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XLRI, SPJIMR
|
ISB
|
|
Program Duration
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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
|
|
Average GMAT
|
690-710
|
650-700
|
709
|
|
Fee
|
24,30,000
|
18,94,000
|
34,63,240
|
|
Average Placements
|
25,60,000
|
17,40,000
|
22,14,684
|
Note: Data for only 6 institutions mentioned above used for data in table
Top One Year MBA Programs for Executives in India
Which are top One Year MBA programs for Executives in India? If you are looking for the best one year MBA, please note that these 1 year MBA programs in India are offered by the one year MBA colleges in India as well as other top MBA colleges. The top one year MBA programs offered by ISB (1 year MBA is the flagship programme at ISB), IIMs, XLRI are the examples of some of the best one year MBA programmes in India. Globally, these are only 1 year MBA programme rankings done by top international agencies. Although out of 3500 MBA colleges in India, most of them offer one year MBA courses but looking with the perspective of choosing the top one year MBA, here are the A listers, according to MBAUnivese.com Analysis:
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Institution
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Duration
|
Batch Minimum Work experience
|
Batch Average Work experience
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Fee (Rs lakhs)
|
|
IIM Ahmedabad – PGPX
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12 Months
|
4 years
|
8.75 Years
|
25,00,000
|
|
IIM Bangalore – EPGP
|
12 Months
|
5 years
|
7.1 Years
|
25,89,000
|
|
ISB Hyderabad - PGP
|
12 Months
|
2 Years
|
4.3 Years
|
34,63,240
|
|
IIM Calcutta - PGPEX
|
12 Months
|
5 Years
|
8 Years
|
22,00,000
|
|
SPJIMR Mumbai - PGPM
|
15 Months
|
5 Years
|
6.4 Years
|
17,88,000
|
|
XLRI Jamshedpur – PGDM (GM)
|
15 Months
|
5 Years
|
6.7 Years
|
20,00,000
|
|
IIM Indore – EPGP
|
12 Months
|
5 Years
|
7.9 Years
|
20,00,000
|
|
MDI Gurgaon - NMP
|
15 Months
|
5 Years
|
7.8 Years
|
13,79,100
|
|
IIM Lucknow - IPMX
|
12 Months
|
5 Years
|
8.4 Years
|
23,50,000
|
|
IIM Shillong - PGPEx- MBIC
|
14 Months
|
5 Years
|
7.6 Years
|
-
|
|
Great Lakes Chennai - PGPM
|
12 Months
|
2 Years
|
-
|
18,94,000
|
Source: MBAUniverse.com Analysis 2019
One Year MBA Admission Process
The admission process for one-year full-time residential MBA in India for executives requires minimum eligibility of a graduate degree along with professional or entrepreneurial experience of 5 years. Candidates are shortlisted on the basis of the qualifying test score such as GMAT/GRE & the overall profile of the candidate. After short listing various attributes such as personal interview, statement of purpose, written ability test and letter of recommendation are evaluated for final admission to the programme. Read more.
One Year MBA Colleges Fee
One Year MBA programs by ISB, IIMs, XLRI, SPJIMR, MDI and other top B-schools are aimed at executives with 3-10 years of work experience. As 1 year MBA programs are full time residential programs with curriculum at par with 2 year MBA, the faculty associated with these programs is top notch.. Read more about One Year MBA Fee
Part-time MBA for Working Executives
While we have covered full time one-year MBA programs above, what are the best Part-time MBA options?
- 3 Year Part-time MBA/PGDM Executive Programs by PGDM B-schools or by Universities: Many B-schools and Universities offer these three-year part-time MBA or PGDM Executive programs in Delhi, Bangalore, Mumbai and other cities. Read more.
- Distance MBA: Read all about Distance MBA programs in India. Read More
