MBA program is a postgraduate business management program that teaches leadership skills and business principles. Based on the nature of the program, you may be awarded with a post graduate degree, diploma or certificate upon successful completion. However, beyond the type of qualification itself bestowed on the graduate, world’s leading organizations are seeking candidates who possess certain must-have skills. These include everything from understanding how to set imperative goals and influence shareholders from diverse backgrounds to empathy, communication and team management. An MBA might just provide you with the right experience you need to gain an edge in the job market.
Apart from traditional two year MBA programs that cater to freshers as well as experienced professionals, the One Year MBA programs have emerged as a valuable option exclusively for experienced professionals who do not wish to take a long break from their careers. Listed below are a few details and most frequently asked questions about the one-year MBA program, differences between a one-year program (PGPM/PGP), and traditional two year programs such as MBA (degree program) and PGDM (diploma program), etc.
Does the one year MBA exist in India?
Many Indians are quite unfamiliar with one-year MBA courses, since the two year MBA courses have been the norm for a fairly long time. Though, the one-year MBA program is not only becoming more common but also a more preferred option in India day by day. The one year MBA course has been designed to meet the needs of working professionals, enabling them to enhance their business competence and stay ahead of the competition in the current business environment.
A fast-track one year MBA program intensively teaches you to utilize your time in best possible way. These programs are more hands-on and application oriented. The emphasis is laid on building up on the existing work experience of students, using projects, case studies and research. It helps you develops and apply management skills, and understanding business holistically.
Great Lakes Institute of Management, being ranked as one of the most innovative B schools in India, offers Post Graduate Program in Management (PGPM), a one-year MBA program to candidates with a minimum of 2 years of experience as working professionals and entrepreneurs.
“Great Lakes’ flagship PGPM Program has been accredited by AMBA, UK and approved by AICTE & stands as one of the top One-Year Programs in the country.”
Summary
One Year MBA exists in India and is getting preference over two year MBA due to higher RoI and shorter time span.
Do I gain enough knowledge in this course?
The one-year MBA course is designed in a way to empower you with knowledge and skills you need to excel in the business world. Just one year of such academic experience can build excellent skills and networks for you if you are bound and determined for success. In fact, completing your MBA in just one year shows your grit and determination, along with your ability to grasp change. It is a proof that you are keeping up with the changing business environment. It proves to be further more advantageous as it saves time and enables you to resume your corporate journey sooner than any other full time course.
The curriculums taught during PGPM, PGDM and MBA is fairly similar. The PGPM is fast tracked based on your prior work experience which makes it shorter than the MBA. Additionally, PGPM curriculum is updated time and again as per market needs and research done by colleges unlike MBA where the same curriculum is set and taught for years until the UGC decided to update it.
“At Great Lakes, the Academic advisory council which comprises of some of world’s renowned Management Gurus from Ivy League colleges, help curating and keeping the curriculum up to date with industry requirements.”
Summary
You can gain enough knowledge and upskill yourself within one year to be ready for senior roles and face any kind of business challenges that may come your way.
One Year MBA vs Two Year MBA
The only difference between a one-year and a two-year MBA program is the way it is delivered. The two-year program is modelled specifically for working professionals to further enhance and intensify your current knowledge in the business world and make you into future-ready leaders whereas the two-year MBA Course is designed to nurture young and aspirational, high potential candidates into business ready managers. To be more precise a one-year MBA Course is more of an expressway to achieve the goal when compared to a two-year MBA program. Both the one year and two year MBA Courses are valued equally across the globe. At the end it is the reputation that carries along with you, the learnings that you take and the network that you make during your MBA.
Read More: One Year Vs Two Year MBA – Detailed comparison
How are PGPM, PGDM and MBA different?
The difference between PGPM (Post Graduate Programme in Management), PGDM (Post Graduate Diploma in Management), and MBA (Master in Business Administration) is in certification.
MBA is a degree awarded by business management colleges which come under a UGC approved universities.
PGDM is a diploma course that focuses on skills based on market needs and is designed with an industrial orientation and keeps getting updated. This is a two-year business management program where you receive a diploma by an AICTE approved college.
PGPM also known as a one-year MBA is more of a career-oriented program which builds upon your previous work experience and at the end, the you receive the Post Graduate Certificate in Management (PGCM) which is also equivalent to the MBA Degree.
Summary
When it comes to reputation, placements, and market value, all three of PGPM, PGDM and MBA are equivalent and hold equal importance.
Read More: MBA vs PGDM – technical differences
How tough is doing one year MBA?
Pursuing a One Year MBA Course is not much different from pursuing a two year MBA. The format of delivery does not matter in the end, what matters are the rewards that lie beyond. Doing a one year MBA encourages you to be extra focused, more clear, and working at a faster pace to achieve our goals. You put yourself in a position where you must focus on completing your assignments, exams, and placements within one academic year while having time to network and work on your personal development. Anyone with corporate exposure can accomplish this if they put their best foot forward. All you need is cutting edge curriculum, highly experienced faculty and a diverse peer group to make most of your time during MBA.
All being said, one year of your absolute hustle is rewarded by a growth that easily suppresses the cost associated with it.
Summary
One Year MBA is not only doable but also gets enjoyable at Great Lakes. You can achieve more than 3X growth in terms of your CTC while saving one year of your life to focus on further growth and development related goals while staying on lush green Platinum LEED rated campus near the beaches of Mahabalipuram.
How is the one-year program at Great Lakes?
Great Lakes is the youngest and 7th institute in India to receive the AMBA, UK accreditation. They offer their flagship PGPM Program to high potential candidates with 2+ years of experience. The trust placed on Great Lakes graduates by the world’s leading organisations like Microsoft, Deloitte, Accenture, Michael Page, Bain, Zoom, etc., is a proof of quality that Great Lakes imparts to its students. The cutting edge curriculum, the business and the academic advisory council, the Globally renowned faculty, India’s first LEED Platinum rated – green campus and the diverse peer group make it one of the best Programs offered in country, all while saving one year of your precious time.
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Puja Varshini.P
PGPM 22-23
Great lakes institute of management, Chennai
