I have already discussed my reasons for opting for a 1-year MBA.
The 1-year MBA has come out of it's nascent stage and today there are several excellent B-schools that are offering a 1-year MBA.
My pick would be the following: (in alphabetical order)
1> IIM A
2> IIM C
3> ISB
4> SP Jain
5> XLRI
There are others but I would chose to restrict the discussion between the above 5 premier B-schools.
1> IIM A (PGPX)
As national and international rankings of business schools in recent years confirm, IIM A occupies the top slot not only in India but also in the entire Asia Pacific region. The PGPX programme is targetted at executives with substantial work experience (avg. exp of the first 2 batches are around 9.5 years and 9.75 years respectively). Also, the average ages of the participants of the first 2 batches are around 31.5 years and 33 years respectively. This is natural since PGPX aims to place the participants mainly in senior management positions. The placement statistics is really enviable and is testimony to the quality of the students admitted and the quality of training they receive. The cost of the programme is a hopping Rs 14 lacs though.
2> IIM C (PGPEX)
As we all know IIM C is rated as one of the premier B-schools in the APAC region. However, the student response to the first batch of PGPEX is not known to be as good as IIM A. We still need to wait for the performance of the first batch. The programme fees are reasonable - Rs 8 lacs.
3> ISB
The sprawling campus, cutting-edge facilities and faculty members of international repute at ISB is truly unmatched. However the effectiveness of the programme is questionable especially when one takes into account the 420 cattle-like mass at ISB. Also ISB is indecently expensive (~ Rs 18 lacs) and it can hinder one’s career growth. ISB grads are forced to take up high paying jobs rather than the jobs that they would like to take up. Again, if you closely look into the placement statistics then the numbers tell a very different story. If the highest domestic salary is Rs 42 lacs & the average domestic salary is Rs 15 lacs then it doesn't require a genius to calculate the standard deviation and since ISB doesn't report the actual lowest salaries one can imagine the pittance of salaries that are offered to ISB grads who belong to the wrong side of the median.
4> SP Jain (PGPM)
SP Jain has consistently ranked among the top 10 B-schools in India. The thrust given to the course by SP Jain Administration and the locational advantage of being in Mumbai, the commercial capital of the country is indeed impressive. The placement record is fairly decent. The programme fee is extremely reasonable - Rs 5.5 lacs. Unlike the other programmes which offer a General Management programme (and are quite flexible in that respect), SPJIMR offers only 2 specializations - Operations Management & Information Management. Not too sure whether this is due to lack of quality faculty or any other reason.
5> XLRI (GMP)
XLRI is one of the premier Management Institutes of the country. They are the pioneers of the 1 year MBA programme in India. The minimum work experience for GMP is 5 years. A candidate has the option of either taking XAT or GMAT as per their convenience. The slim batch size of GMP (55 students only) is clearly a great advantage. The course fees are very reasonable - Rs 6 lacs (which includes International Trip etc). The GMP placements have been quite impressive (average salary of 15 lacs/exciting profiles offered) considering the B-School had for the first time this year offered placement to it's 55 students.
Wednesday, May 9, 2007
Why XLRI ?
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4 comments:
I am a current student at IIMC PGPEX Please eloborate in this statement of Urs "However, the student response to the first batch of PGPEX is not known to be as good as IIM A."
Hi Vamshi,
Good to hear from you. Allow me to enlighten you about the reasons which led me to arrive at the conclusion that the student response to the first batch of PGPEX is not as good as that of IIM A.
Firstly, since you are a current student of PGPEX you must be aware that IIM C had (during the admission cycle) postponed the
last date of submission of application forms for PGPEX. The reasons are pretty obvious - the applicant pool was definitely
not matching their high expectations. However, no such incidence can be cited in case of IIM A.
Secondly, if you are a visitor of MBA forums like paagalguy etc then I would request you to compare the responses in the PGPEX thread with those of the ISB and IIMA PGPX related threads. From the number of replies on those threads, you can easily extrapolate and figure out the interest (or rather the lack of it) junta has been showing for IIM C PGPEX vis-a-vis IIM A PGPX.
Thirdly, if you actually compare the student profile of the IIM A PGPX & IIM C PGPEX then you will discover that approx 11 %
participants of IIM A PGPEX are international participants. Unfortunately, IIM C cannot even remotely match these figures.
Finally, my discussions with a couple of close friends (who are currently pursuing PGPEX at IIM C) have confirmed my belief about the lukewarm student response for this course.
Having said all the above, let me add that I personally feel that the PGPEX course has a lot of potential and the brand name
of IIM C is definitely a big plus. However, the programme is relatively new and one needs to wait for the performance of
the first batch.
I read these comments on October 11 2008 and I wonder how times change. IIMC PGPEX has done very well with the first two batches. The campus placement of the first of IIMC was very good. Even one IIMC PGPEX alumnus told it to be even better. Now Pagalguy forums for PGPEX are flooded with posts etc.
Disclaimer. I AM NOT from pgpex.
@ Anonymous
Dude, times do change and comments / posts (when viewed retrospectively) always seem contentious.
Anyway, its a pity that you cared to look only at excerpts of my comment and not the argument in its entirety.
Finally, the disclaimer wasn't necessary ;-)
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