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The one-year management education concept is a recent introduction into the venerable Indian management education system. Until recently, the popular view was that a fruitful business education could be imparted only over a period of two years. IMD, Switzerland, I believe was the pioneer of the one-year format. This was soon adopted by many leading institutes and was soon accepted by the industry as well. And now, the same is slowly but surely making its way into the Indian scenario.
A few of the respected management institutes have introduced the one-year program side-by-side with their regular two-year program. Other newly established institutes are focusing exclusively on their one-year program.
One shouldn’t attempt to compare a two-year program with a one-year program, although there is a strong human tendency to do so. The reason being, each program has its own market (or audience). Popular arguments suggest that a two-year program is better suited for someone who has just passed out of college or has worked for a few short months (a fresher, in common parlance), or for someone who is looking for a potential career shift. A one-year program, on the other hand as the arguments suggest, is better suited for someone who has enough knowledge and the relevant experience in a corporate setting. Now this someone is either looking to switch from technical roles to managerial roles or is looking for a career-leap in the business side of things. “Opportunity Cost,” is often a buzzword associated with a one-year program. All said and done, it’s finally up to what you think is correct for you. Do your research thoroughly and you won’t go wrong.
I am sure that regular readers of this blog would be wondering about all this “gyaan” from out of the blue. There’s a reason. That being, I have accepted an admit into the one-year MBA program being offered at the SP Jain Institute of Management and Research, Mumbai. It also explains why I have been haunting Mumbai regularly and why I it will be my home for the one-year window beginning in the last week of April.
Through this blog, I will highlight my experiences as and when they happen. And if you need more “gyaan” (about anything – admissions, exams, interviews, the whole gamut) please don’t hesitate to ask.
Hope you’re still awake!
Thanks for reading this article. I'd love to hear your opinion. Please use the comments section below to share your thoughts. I frequently write new articles that also cover several other aspects of personal finance including credit cards, financial goals, health insurance, income tax, life insurance, mutual funds, retirement planning, and much more. You can Subscribe through Email and receive new articles directly in your Inbox or you can Subscribe through the RSS Feed and receive new articles in your feed reader.