Mbark One Year


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Mbark One Year

  1. 1. %MBArk Read on ................................... One-Year Management packed into a year without going through the basics of management theory. It is easy Programme: to see why most of these students would invest time, money and efforts to seek out Taking Indian Management career contacts from faculty or board members, some of whom represent top companies, and Education to a New .rontier move to positions in middle and top management. One of the components of the IIM-A’s - Aarathi Shenoy PGPX is “Preparing for Top Management”, 14 courses that are aimed at preparing the The one-year MBA represents the most recent innovation in the field of participant for leadership and management education in India. The Indian School of Business at Hyderabad change agent roles; ISB has and the Indian Institute of Management- Ahmedabad have made the pioneering something similar called attempt at taking Indian management education to the international market. “Leadership Development Programme”. 6 he one-year MBA a career shift. Hima Bindu, § Programme Model - The programme, a norm in Manager, Admissions at the ISB International MBA: The Europe, is slowly adds another advantage, “Many entrance exam is the GMAT gaining prominence in companies use the programme as a (prospective employers abroad the Indian B-School motivational tool and sponsor their may find this more attractive) arena. The Indian School employees’ training needs. Also, though the ISB also accepts of Business (ISB), which came into they are able to revert to the CAT scores. Fee structure being in 2001, was the first to offer workplace faster.” Since matches that of a similar a one-year Post Graduate liberalisation, a large number of programme abroad and attract Programme in Management MNCs have set up operations in distinguished faculty with (PGPM). Recently, the Indian India. It is natural for corporates to diverse research interests. ISB Institute of Management – expect their employees, currently has visiting faculty from Ahmedabad (IIM-A) announced based at headquarters overseas, Wharton, Stanford, Kellogg the launch of a Post Graduate whom they plan to shift to India, to and Chicago. Its selling points Programme in Management for have an understanding of the local include a strategic location in Executives (PGPX) in 2005. Apart business realities. The one-year hi-tech city Hyderabad - home from seeking to remedy some of the MBA fills this gap in the to corporates like Satyam, shortcomings of conventional management education market. Infosys and Dr. Reddy’s Labs. Indian management education The unique features of these Also significant are its campus programmes, many see it as an programmes are: infrastructure and facilities § Student Profile: The Executive- attempt to increase the international including air-conditioned visibility of Indian B-Schools. This Student: The typical one year lecture theatres, aspect is evident as GMAT, the MBA student is an executive videoconferencing, library, internationally accepted test for rather than a fresh graduate. elegantly furnished entry into management IIM-A states a minimum of accommodation, recreational programmes, is accepted by both seven years experience ISB and IIM (A). as one of the eligibility Indian School of Business, India’s economic transformation criteria. The ISB Class Hyderabad post-liberalisation has increased the of 2005 has an average demand for qualified managers. work experience of five Many of those currently in the mid- years; these are people level management positions have “ready to hit the road seriously begun to look at pursuing running”. This way, the a management course as a tool for normal content of a better prospects, fast-track rise in two-year curriculum organisational hierarchy, or, even can be more easily
  2. 2. %MBArk Read on ................................... One-Year Programmes: A Comparative Overview: School, thus combining in its educational offerings, the best of Institute IIM-A ISB West and East. An International Name of Programme PGPM PGPX Student Exchange Programme enables students to spend a term or No. of Years in Starting 2005 3 two at a leading B-school outside Existence India. In a cross border project Rs. 8 lakhs (approx) (with Rs. 14 lakhs (approx) Fee Structure accommodation) called The Wharton Global Consulting (with accommodation) Practicum, ISB and Wharton Entrance Exam GMAT GMAT/ CAT students work together for an No. of Years of Prior Work experience adds Indian client starting off in 7 years work experience Work Experience required, no relaxation weightage to application international business. Given that Indian students do § International immersion “International” International Student well when they go to study abroad component of 5 weeks Component Exchange Programme and many take up top positions in (one to two terms) § business and industry, India’s Wharton Global Consulting Programme educational system has good § Visiting International potential. Although the concept of Faculty§ one year MBA has been in existence Diverse Governing for some time, until now we lacked Board the infrastructure for a more competitive higher education and other facilities, student Component” (Details of the same package. New programmes like the clubs and Spouses and Family are being worked out by the ISB’s PGPM and IIM-A’s PGPX Association. All this definitely institute). Here, participants have have opened a new door and there makes the school and the an opportunity to “work effectively is no doubt that in the decades to programme attractive to in an environment different from come, these are likely to be followed international applicants. their home culture”. ISB has on its by many more. Higher Education – IIM-A’s PGPX has an board Deans of Wharton, Kellogg, Destination India has finally “International Immersion INSEAD and the London Business arrived. Ms. Hima Bindu, Manager, Admissions at the ISB: 1. What distinguishes a one-year MBA programme from a two-year MBA programme? The one-year MBA is ideal for working professionals with over 3 years or so of work experience. The program is rigorous. No summer, winter, or for that matter any long break during the whole year. Experience profiles of students enable them to grasp concepts faster and relate the same to the workplace. Practical exposure is given by way of an Experiential Learning Programme. Terms are shorter but reduction in number of contact hours is minimal as compared to a two-year program. 2. Is the course content very different from that of a traditional two-year MBA? No, not very different. 17 core compulsory courses on the first four terms, 16 electives on the remaining four terms where students choose the stream of specialisation, a total of 33 credits to be completed across 8 terms. 3. You must be aware that IIM-A is starting a programme similar to yours. What is your view on the competition? Do you think you will have more competition as time goes on? We are happy as this will expand the market. While the concept of students going back to B-School after significant experience is fairly new in India, this has been the prevalent pattern abroad. Slowly this trend is catching up here. With more schools joining the bandwagon, this market will grow exponentially. 4. You made the pioneering attempt in this niche. Do you think students would hesitate before picking a one-year MBA over a two-year MBA? The key driver for the student is that he is able to get back to the workplace faster. This is reinforced by the excellent placements that have been the norm batch after batch. This clearly shows that industry is very much attuned to this concept. We could therefore conclude that this is a concept that has been well accepted and bound to appeal to larger numbers.