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Primarily for working
professionals to give them a theoretical
foundation in business management. |
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The
One-year Full-time Program |
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Presently,
in India, the Hyderabad-based International
School of Business (ISB), XLRI in Jamshedpur
and Great Lakes Institute of Management (GLIM),
Chennai offer One-year Post-Graduate Programs
in Management. These programs are often aimed at working professionals and are also called Executive MBAs.
In the year 2005, IIM Ahmedabad
and SP Jain, Mumbai launched one-year programs.
While the former, starting in April 2006,
is a residential program with 70 seats meant
exclusively for those with seven to ten years
of work experience, the latter offers
specializations in the fields of manufacturing
and operations, IT and information management
for students with minimum five years experience. |
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Advantages |
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- Your existing work, industry experience
and job skills can save you a significant
amount of time in completing your
MBA.
- You are able to customize your
studies to suit your specific needs.
- The intensive learning environment
encourages knowledge enhancement
above and beyond normal academic
learning.
- The intensity of the one-year part-time MBA program
encourages competitiveness
and achievement.
- The program includes placements,
visiting faculty from industry , and most
of all, it helps you build an intensive
network with fellow students who
will be entering the industry.
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Disadvantages |
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- There is no break between your
course; therefore it doesn’t
offer you an opportunity for internship.
- Some employers who require MBAs
for career advancement or promotions
do not consider a one-year program
a favorable option. Make sure that
your potential employer will accept
this type of MBA program before
you decide to enroll.
Read
about the entrances of one-year
full-time MBA program
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MBA Part-time |
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Thinking about changing
your career, or accelerating along the path
of your current career? Thinking about doing
an MBA? Through part-time MBA you will expand
your existing knowledge base. It will open
your eyes to new opportunities. This requires
as many courses as a full-time program and
the classes are for a longer duration. In other
words, it may take you three to five years to
complete your MBA in a part-time program as
opposed to a two-year full-time program. MDI
Gurgaon, NMIMS Mumbai and SP Jain Mumbai
are some of the reputed B-schools that offer
part-time MBA courses. |
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Advantages |
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- The part-time program is particularly
appealing to people who wish to
advance their existing career.
- Courses are scheduled to take
place before or after your regular
working hours.
- Real-life situations and problems
can be incorporated in the classroom
sessions where solutions can be
explored.
- If the company you work for is
ready to fund your part-time MBA
course through tuition fee assistance,
it is an ideal choice.
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Disadvantages |
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- Because the course is spread out
over a longer time span, tuition
assistance is not always available.
- Part time MBA programs have the
same specialization opportunities
as other MBA program variants like
the full-time course but some offer
only a small number of concentrated
study courses and emphasize the
core curriculum.
- Work-related travel or relocation
may become an obstacle in completing
a part-time MBA.
Read
about the entrances of part-time
MBA
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Distance-learning MBA
Programs |
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A distance-learning
MBA program is a great alternative for people
whose schedule does not allow them to go for
regular and frequent trips to a campus location.
In India three IIMs (Kozhikode, Bangalore
and Kolkata), NMIMS Mumbai and XLRI are some
of the premier B-schools that
offer this option. The schools that offer
a distance-learning module, have a proper
entrance test modeled on similar lines as
CAT. |
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Advantages |
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- It requires little or no commuting
which saves time and money.
- The course allows you to pursue
your career when it is convenient
for you.
- The course pace, sequence and
style of the learning are left up
to you.
- Learning resources are just a
click away making it easy to access
the teacher, fellow students or
an online library.
- Allows a broader perspective by
interacting online with people from
other parts of the world.
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Disadvantages |
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- Isolates the students. Personal
and societal interaction become
limited restricting interaction.
- The students need to be highly
disciplined and motivated to work
independently.
- The students need to be Internet
savvy.
- It does not offer motivation that
arises out of competition, which
is built in a classroom environment.
Read
about the entrances of distant-learning
MBA
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Specialized MBAs |
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Such programs
offer ample opportunities for hands-on experience
and research as well as the right kind of
placements. This is brought about by the fact
that most of these schools have close links
with corporates belonging to the respective
fields, for example, between IRMA and Amul
and the National Diary Development Board;
or KJ Somaiya and Pantaloon.
In India, the options include rural management
(Institute of Rural Management,
Anand, Gujarat; NMIMS, Mumbai), forest management (Indian
Institute of Forest Management, Bhopal), retail
management (KJ Somaiya and Welingkar, Mumbai),
telecom management (IIT-Delhi), insurance
management (NMIMS, Mumbai), human resource
management (XLRI, MDI, TISS) among others.
Find out which specialization you are best suited for |
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