While both 1 and 2 year MBAs have pros and cons, when it comes to experienced MBA candidates, the 1-year program makes for a more compelling case. Reasons why:
The opportunity cost
Very simply, the opportunity cost (earnings lost while in the program) of a 2-year program is twice that of a 1 year.
The optimal utilization of time
Introductory concepts and elementary theory is either dispensed with or rushed through because experienced candidates are expected to be well versed.
The focusing ability
The nearly similar contact hours in half the time means that the 1-year program demands greater focusing ability from students.
The relevance
You are more experienced, and your peers are more experienced in a 1-year program.
The popularity and relevance of the 1 year MBA are borne out by the number of institutes offering this option. While ISB was the only port of call in India among the reputable institutes, in the last few years, all the major IIMs have added the 1-year option. XLRI, SP Jain and host of other established B-schools also now offer a 1 year MBA. The growing popularity and relevance of this option have seen a number of new programs coming up from established institutes/universities, among them are NorthCap University, Gurugram’s 1 year PGDM (specializing in Technology and Digital Businesses) and Crescent Business School, Chennai’s 1-year PGPM. Both these programs are targeted at students with extensive work experience and both focus on practical learning opportunities.
