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The one-year MBA is rising in popularity in India for many reasons including value for money and the convenience of a faster program. One-year programs teach students to analyze situations quickly, think on their feet and apply their skills to real business situations. Students learn to combine their industry expertise with the fundamentals of management that are acquired over the year. Career interruptions are minimized for students while companies encourage promising employees to prepare for leadership roles. One-year programs have a great advantage over the two-year model because of the tremendous savings in opportunity costs.
A one-year MBA is an ideal platform to recharge before returning to the corporate world. Typically, a one-year MBA can cost anything between Rs 750,000 and Rs 1,700,000 depending on the school.
Schools such as GLIM, the Indian School of Business (ISB), SOIL, SP Jain Institute of Management and Research (SPJIMR) among others offer the one-year program with a focus on applicants with at least a few years of work experience. In fact, ISB pioneered the one-year format in India, an experiment that turned out hugely successful.