There are now many different types of MBA programs, as well as different means of delivering a given type of program. Thus, a business school applicant is spoilt for choices and can decide between full-time, part-time, modular, and distance learning (i.e., by television, video, Internet, and mail) programs. Rather than discuss all of the many different possibilities, however, this section focuses on the major program types: traditional full-time programs (both Two-year and One-year versions), part-time programs, and executive programs.

The Classical Full-Time Stereotypical Two-Year American MBA Program

Harvard Business School devised the American MBA in the year 1908. The mandate given to the American MBA was to provide training for someone without prior business study, so it was made a two-year degree, with the first year providing an intro­duction to business fundamentals. Although there have been innumerable changes in the typical program, it retains certain core characteristics. It is still, almost without exception, a two-year program. It has a set of core courses that are required for all or most students. Most students are still relatively young, with the typical age upon entrance currently being 22 to 26. Many schools once accepted a majority of their students straight from undergraduate stud­ies, but now schools prefer two or more years of experience from most of their students. In the last few years, however, the top schools have once again opened their doors to a modest number of applicants lacking substantial expe­rience in the belief that true “stars” should be found and nurtured very early in their careers. Now Harvard Business School offers a 2+2 Program which students can join during their graduation and can join the famed MBA program in fall after graduation. IIM-Indore, similarly offers a  five-year integrated program – Integrated Programme in Management (IPM).

Two year MBA programs have dramatically changed to integrate the core subjects, incorporate soft skills, and internationalize their focus. These changes are continuing. Different schools have approached the need for change in different ways.

Two-year full-time Post Graduate Programme in Management (PGP) at IIM Ahmedabad

This programme is considered the flagship programme of IIMs, and awards the Post Graduate Diploma in Management (PGDM) to successful candidates. It provides an example of a traditional Two Year MBA program structure The course comprises two components: the core programme, in the first year and the elective programme in the second year.

The core programme focuses on rigorous grounding in the rudiments of every discipline in management and the development of a common foundation of business knowledge and management theory. The core programme consists of 33 courses encompassing 25.50 credits. One of the core courses is offered in the second year of the programme. The first year is spread over six slots, each of which consists of 5 to 6 weeks’ duration.

Following the first year programme, students undertake summer training with Institute’s corporate partners for a period of eight to nine weeks. The Summer Internship is a powerful source of practical managerial insights, validation of management concepts, and valuable market knowledge.

The elective courses which are offered in the second year of the programme allow students to choose a bouquet of courses that interest them and develop proficiency in the areas of their choice. The elective courses consists of in-class courses, often with project components, offered by different areas, courses of independent study, exchange programmes, and intensive field courses, totaling 17-20 credits over six slots, each of which consists of 5 to 6 weeks’ duration. Each credit requires a minimum of eighty hours of work.

First Year Courses (All Compulsory) 2013-2014 :

Slot I & II
1. Financial Markets
2. Financial Reporting & Analysis
3. Individual Dynamics
4. Interpersonal and Group Processes
5. Managerial Computing
6. Managing Ethically
7. Marketing – I
8. Microeconomics
9. Probability and Statistics-I
10. Probability and Statistics-II
11. Written Analysis & Communication-I
Slot III & IV
1. Business Taxation
2. Costing and Control System
3. Decision Making-I
4. Financial Markets
5. Legal Aspects of Business
6. Macroeconomics
7. Marketing-I
8. Operations Management-I
9. Organizational Dynamics
10. Probability and Statistics-III
11. Socio-cultural Environment of Business
12. Spoken Business Communication
Slot V &VI
1. Business Research Methods
2. Corporate Finance
3. Decision Making-II
4. Economic Environment & Policy
5. Information System for Business
6. Marketing-II
7. Operations Management-II
Personnel Competence and Capability Building Systems
Written Analysis & Communication-II

List of Electives Courses in Second year for Academic Year 2013-14

(Area Wise)

  Business Policy  
1. Foundations of Strategy Consulting
2. Business, Government and Law
3. Business Intellectual Property
4. Dynamics of Framing and Execution of Strategy
5. Economics of Strategy
6. Entrepreneurship and New Venture Planning
7. Leadership, Vision, Meaning & Reality
8. International Business Dispute Resolution
9. International Business
10. Strategy in Emerging Markets
11. Technology Strategy for Hi-tech Industries
  Centre for Innovation Incubation and Entreprenurship  
1. Project Course on Fund Management
2. New Technology Applications, Design and Business Models
  Information System  
1. Consulting in e-Governance: From Vision to Implementation
2. Digital Inclusion For Development
3. Enterprise Digital Infrastructure
4. ERP Systems: Technology Planning & Implementation
5. Management of Software Projects & Enterprises
6. Data Mining and Business Intelligence
7. Data Visualization for Decision Making
  Center for Management in Agriculture  
1. Bridging the Rural-Urban Divide
2. Seminar course on Globalizing and Resurgent India through Innovative Transformation
3. Management of Technology for Sustainable Agriculture
4. Strategic Management of Intellectual Property rights
5. Shodh Yatra
6. Understanding Creativity, Innovation, Knowledge Networks & Enterpreneurship
1. Communicating Corporate Reputation
2. Difficult Communication
3. Managerial Communication
4. Cultural Identities and Intercultural Communication
5. Media and society : The Economics, Politics, Ethics and Technologies for Mass Communication
6. Intercultural Communication Competence
7. Strategic Negotiation Skills for Leaders
8. Persuasive Communication
9. Organizational Communication
1. Economics of Organization
2. Economics of Food Quality
3. Game Theory and Applications
4. International Trade and Investment
5. Econometric Methods for Decision Making
6. Monetary Theory and Policy
7. Labour Markets in Developing Countries
  Finance and Accounting  
1. Alternative Investments and Hedge Funds
2. Behavioural Finance
3. Computational Finance
4. Financing of Firms
5. Fixed Income Securities -Credit
6. Fixed Income Securities -Rating
7. Financing Large Projects
8. Futures, Options & Risk Management
9. Fraud Risk Assessment and Government Mechanisms
10. Managing Financial Institutions
11. Mergers, Acquisitions & Corporate Restructuring
12. Managing Insurance Business: Prospective,Analytics and Operations
13. Modern Investment and Portfolio Management
14. Pricing Derivative Securities
15. Principles of Transfer Pricing
16. Security Regulations
17. Stochastic Calculus in Finance
18. Strategic Persdpectives in Banking
19. Trading Strategies
20. Venture Capital and Private Equity
21. Valuation of Firms
1. Advertising & Sales Promotion Management
2. Business to Business Marketing
3. Consumer Based Business Strategies
4. Consumer Behavior and Technology
5. International Business and Foreign Market Entry in BRIC Countries
6. Marketing Management in the World of High Technologies and Innovation
7. Managing Customer Value Delivery
8. Managing
9. Marketing Research & Information Systems
10. Neuroscience and Consumer
11. Pricing
12. Seminar on Brand Management
13. Strategic Marketing
14. Strategic for Digital Marketing and e-Business
15. Sports Marketing
  Organizational Behavior  
1. Developing an Enterpreneurship Personality
2. Co-constructing Organizational Changes
3. Developing the Creative Self
4. Explorations in Roles and Identity
5. High Performing Teams: An Experiential Learning Programme
6. Intellectual Capital Management with HRD Score Card 2500
7. Power and Politics in Organization
8. Talent Management
9. Sociology of Work and Employment in India
  Personnel & Industrial Relations  
1. Business and Society
2. Business Transformation and Organizational Turnaround
3. Customer to Corporation: Managing People
4. Managing Negotiations
5. Personal Competencies for International HRM
6. Strategic Performance and Reward Management
  Production & Quantitative Methods  
1. Advanced Methods of Data Analysis
2. Elephants and Cheetahs: Systems, Strategy and Bottlenecks
3. Quantitative System Performance
4. Revenue Management and Dynamic Pricing
5. Statistical Methods in Data Analysis
6. Strategic Procurnment
  Public System Group  
1. Carbon Finance
2. Environment Management
3. Hospital Management
4. Infrastructure Development & Financing
5. Investigating Corporate Social Irresponsibilities
6. Good Governance and People Living in Poverty
7. Public Finance
8. Public Health Management
9. Public Policy
10. Qualitative Research Methods for Understanding Business and Human Development in a Network Society
11. Managing Energy Business
12. Manipulation, Myth-making and Marketing
13. Managing Sustainability
14. Social Enterpreneurship:Innovating Social Change
15. Transport Infrastructure
16. Urban Economy & Business Environment
17. Waste Business Management
18. Participatory Theatre for Development
1. Enterprise and Innovations in Education
  Outside Area Course  
1. Bionics
2. Contemporary Film Industry: A Business Perspective
3. Philosophical Foundations of Management

Advantages of a Traditional Full-Time 2 Year Program as compared to other methods of obtaining an MBA

  • Traditional and well-understood method of getting the degree and established placements
  • Opportunity for in-depth study, to become a functional specialist
  • Ability to take numerous elective courses as well as to do (lengthy) ex­change programs abroad
  • Time to reflect upon one’s career future, and to explore career options
  • High student satisfaction with most programs
  • High interaction with other students in and out of class, and often with faculty
  • Opportunity to participate in student organizations, study trips, and other out-of-class offerings
  • Potentially able to work during second year (albeit not at the most inten­sive programs) to earn money, network and gain experience
  • Appropriate for people changing careers who need courses, a summer in­ternship (between years) in a field related to their chosen field, and time to make the change

Disadvantages of a Traditional Full-Time 2 Year Program as compared to other methods of obtaining an MBA

  • Expensive
  • Long time away from work
  • Not appropriate for horizontal placements
  • Peer group without the richness of work experience

Student body typically largely similar in profile and perspective

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