If you’re an emerging MBA aspirant now searching the internet for the best MBA programme for yourself, this post is for you! MBA programmes are available in a variety of formats, making it difficult to choose one. Especially if you are determined to choose the one most suited to your interests. As a result, in this article, we will take you behind the scenes to assist you in selecting the finest MBA programme for you.
- 1- Year Full Time MBA Program
- 2-year MBA programme, Full-time
- Executive MBA Program
- Part-Time MBA Program
- Online MBA Program
It is common to confuse 1-year MBA programmes with Executive MBA programmes. So, let us begin by clearing the air. To begin with, they are NOT the same. 1 year MBA programmes are full-time, with mandatory attendance, a gruelling schedule, and are aimed at those with comparably less work experience, whereas EMBA (Executive MBA) programmes may be part-time and are aimed at working professionals having some relevant experience in the corporate sector. The syllabuses prepared for each of them varies depending on their intended candidates.
Candidates must have a bachelor's degree in a related discipline with at least 55% marks to be eligible. They must have taken a management admission exam such as the CAT, XAT, or GMAT.
In India, one-year MBA programmes are still quite new and last between 11 and 15 months, depending on the college. You're more likely to be accepted into this programme if you're a working professional or have prior work experience. This is due to the pressure being somewhat reduced. A 1-year full-time MBA programme has several advantages over other options, including being more active, demanding, and keeping you on your toes. It demands a full year of the student's effort, focus, and commitment and guarantees that the student leaves with a vast knowledge base and is prepared to face the outside business world.
Here's a list of top MBA Colleges for 1-year MBA Program:-
- IIMB
- IIMA
- ISB Hyderabad
- IIMC
- SPJIMR Mumbai
- XLRI Jamshedpur
Lack of work experience may have been a big negative factor for MBA applicants a few years ago, but today, significant reforms and modifications have been made throughout time that now work in students' favour. Therefore, a student can now start their MBA dream right after receiving their undergraduate degrees. Therefore, the 2-year programme has a higher acceptance rate than the 1-year programme for freshmen who desire to pursue an MBA. This programme accepts students from a variety of backgrounds, and many succeed despite having little to no work experience.
Candidates for the 2-year full-time MBA Programme must have a bachelor's degree in a related discipline with a minimum 55% score. They must have taken a management admission exam such as the CAT, XAT, GMAT, or MAT.
Out of the 20 IIMs, 14 are among the top 100 MBA schools for a two-year full-time programme, however other MBA colleges have recently performed on par with the top IIMs.
The following are the top MBA colleges for a 2-year full-time MBA programme:
- IIMA
- IIMB
- IIMC
- XLRI Jamshedpur
- ISB Hyderabad
- Institute of Rural Management Jaipur
- SPJIMR Mumbai
- IIM Indore
- IIM Lucknow
If we compare a 1-Year Full Time MBA Programme to a 2-Year Full Time MBA Programme, the latter clearly wins in some aspects. For example, a summer internship programme is a considerably less demanding routine that is more inclusive, with the only disadvantage being that it is slightly more expensive. However, the 1-year programme has far too many disadvantages, such as being excessively hard, lacking an internship programme, providing no opportunity for networking, and being under great pressure. Of course, the one-year programme gives you the advantage of time.
If you are a recent graduate, we recommend the 2-year MBA programme, but if you are a working professional with relevant job experience, we recommend the 1-year MBA programme.
"In the end, it was the decision you made, no matter how difficult it was. It's important that you did."
Thus, we would say that your needs ultimately determine which MBA programme is appropriate for you. A part-time or online MBA programme will work best for you if you want to move up the corporate ladder at your current employer more quickly. An Executive MBA would be the best option for you if you want to expand your business skill set and enter the corporate sector with more vigour after completing 2-3+ years of work experience. Finally, 2-year full-time MBA programmes are the way to go if you're hoping to launch a new profession or a full-time employment.
Let's start with the eligibility requirements. A bachelor's degree in a relevant discipline with at least 55% marks is required for an Executive MBA candidate. They have to have taken a management entrance exam. Management exams include the CAT, XAT, GMAT, and MAT. But here's the plot twist:
Candidates must have a minimum of 2-3 years of work experience.
Best Executive MBA Programs in 2022 are:-
- IM Ahmedabad – ePGP
- FMS – MBA Executive Program
- ISB – PGPpro
- XLRI Jamshedpur
- IIM Kozhikode – Executive MBA (EMEP)
- XLRI – Postgraduate Diploma in Management
- SPJIMR – PGEMP
But why should someone get an Executive MBA? Because it improves your skill set, makes you a stronger leader, and broadens your business perspective. It benefits not just you and your company, but also your staff. Whether you work as a corporate geek or a startup fanatic, an executive MBA can provide you with the skills you need to excel in the corporate world.
The good news is that applying to a part-time MBA programme at a reputable institution is far simpler than applying to a full-time MBA programme. In comparison to a full-time residential programme, it does have some definite advantages. Along with earning an MBA, a part-time programme guarantees a regular income. Because of the course's gentler structure, you have more breathing room. Of course, there are drawbacks as well. There is less peer-to-peer interaction and a longer time, both of which are crucial for networking. Everyone is aware of how important networking is in the corporate world.
Therefore, THIS is the best programme for you if you're a working professional trying to earn an MBA degree without jeopardising your career.
There are generally 2 types of part-time MBA programs:
- Lock Step Programs
- Self-Paced Programs
Programmes that are self-paced tend to be more adaptable than lock step programmes. In lock step programmes, a batch of students joins you as you begin the course.
Admission to a part-time MBA/PGDM programme requires completion of any degree programme from an accredited university with a minimum grade point average of 55% (depending on the college) and ideally two to three years of work experience.
The top part-time MBA courses offered in India are:
- JBIMS Mumbai
- IMT Ghaziabad
- FMS Delhi
- MDI Gurgaon
As a result, we would say that the ideal MBA programme is ultimately determined by your needs. If you want to move up the corporate ladder faster in your existing job, a part-time or online MBA programme will be ideal. With 2-3+ years of work experience, an Executive MBA is the appropriate path for you if you want to expand your business skill set and enter the corporate world with more vigour. Finally, if you want to start a new profession or work full-time, 2-year full-time MBA programmes are the way to go.
Aspen University launched the first online MBA programme in 1987. Since then, the popularity of this type of MBA has expanded quickly. As the globe enters the New Age of Digital Learning, online MBA programmes have a promising future.
It allows you to investigate the world of MBA from the convenience of your own home. Today, over 60% of MBA courses are delivered online, and 46% of MBA candidates pursue an online MBA.
Online MBA programmes are all about flexibility, with a range of course formats available, including recorded lectures and live web conference courses delivered in virtual classrooms.
However, this form of MBA has several significant drawbacks. Online MBA programmes have a 76% poorer ROI than on-campus MBA programmes. Furthermore, a large majority of students with online degrees do not obtain qualified positions, and online MBA programmes cost only 20% less than on-campus programmes. This mode lacks peer-to-peer interaction as well as networking opportunities.
Candidates must have a bachelor's degree with a minimum score of 50% (depending on the college).
Some of the colleges for Online Learning:-
- Sikkim Manipal University of Distance Education
- ICFAI University Tripura
- Indira Gandhi National Open University (IGNOU) Delhi
Thus, we would say that your needs ultimately determine which MBA programmes is appropriate for you. A part-time or online MBA programme will work best for you if you want to move up the corporate ladder at your current employer more quickly. An Executive MBA would be the best option for you if you want to expand your business skill set and enter the corporate sector with more vigour after completing 2-3+ years of work experience. Finally, 2-year full-time MBA programmes are the way to go if you're hoping to launch a new profession or a full-time employment.
