At one time there were two relatively distinct models of MBA education. The American Two Year model differed from the European One-Year model on several grounds:

S.No. Parameters European American
1 Duration One Year Two Years
2 Primary Driver

 

Industry Connections Professorial Research
3 Course Focus

 

More Global

 

National
4 Skills Emphasized Soft Skills Quantitative

 

5 Student Body

 

More Diverse Largely Similar
6 Selection Criteria Emphasized Work Experience and Success Test Scores, Grades
7 Age of Students

 

Late-Twenties or older Mid-Twenties

POST GRADUATE PROGRAMME IN MANAGEMENT (PGP) at the Indian School of Business (ISB) is a good example of a One Year MBA Program offered in India. Its core courses are offered in initial four terms. The Course structure is as follows :

TERM 1: APRIL – JUNE
FINANCIAL ACCOUNTING AND DECISION MAKING
MANAGERIAL ECONOMICS
MARKETING MANAGEMENT
STATISTICAL METHODS FOR MANAGEMENT DECISIONS
TERM 2: JUNE – JULY
COMPETITIVE STRATEGY
DECISION MODELS AND OPTIMISATION
GLOBAL ECONOMICS
MARKETING DECISION MAKING
TERM 3: JULY – AUGUST
CORPORATE FINANCE – I
MANAGERIAL ACCOUNTING AND DECISION MAKING
MANAGEMENT OF ORGANIZATIONS
OPERATIONS MANAGEMENT
LEADERSHIP DEVELOPMENT
TERM 4: September – October
CORPORATE FINANCE-II
RESPONSIBLE LEADERSHIP
BUSINESS COMMUNICATION

PGP-ISB offers around 80 electives that help students build on their interests. During the last five terms, students can opt to take 18 to 21 elective credits. Term 4 is a cross over term, and will be a combination of mandatory core courses plus elective courses. Courses are combined to offer students the following six concentrations or majors:

  • Entrepreneurship
  • Finance
  • Information and Technology Management
  • Operations Management
  • Marketing
  • Strategy and Leadership

The Industry specializations offered are

  • Healthcare
  • Manufacturing
  • Public Policy

The student must complete six credits of coursework successfully for a concentration area or Industry Specialization from amongst the elective courses specified for that specialization. Certain popular elective courses are offered in more than one term.

Advantages of a Traditional Full-Time One Year Program as compared to other methods of obtaining an MBA

  • Excellent peer learning as the average age of the students is higher and the student body is rich in diversity.
  • The internationalism of the top programs, especially regarding the mix of nationalities in the student body, is remarkable. More of a Global MBA.
  • For those with substantial business experience, one year may be all that is necessary to broaden horizons and improve skills.
  • Good industry connections mean that the best schools do very well in placing their students.
  • The time spent away from one’s career is limited.
  • Emphasis is placed upon learning languages.
  • Teaching of soft skills is often superb.

Disadvantages of a Traditional Full-Time One Year Program as compared to other methods of obtaining an MBA

  • The underlying presumption that students have substantial business ex­perience means that some of the introductory courses move at too fast a pace for novices.
  • A one-year program is too short for some to develop enough new skills and contacts to make dramatic career shifts.
  • Some programs are too small or too structured to offer much choice of electives.
  • Some programs do not force students to acquire substantial quantitative skills, requiring a conscious choice of quantitative elective courses in order to develop these skills.
  • There is little time for career reflection or exploring career options.
  • Comparatively more expensive.

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