Pavan's Blah Blah .....: March 2011

One year Full time Executive MBA caught my attention some time back and I conducted an extensive research on them. Executive MBA is generally for professionals with prior work experience, there are two types in this, part time executive MBA’s and Full time 1 year MBA’s. Full time Executive MBA’s will help to bring considerable change in one’s career like change in roles, responsibilities, and in some cases change his domain itself like software development to finance, where as part time MBA’s will mostly help to move up the ladder in one’s organization however they may not help to give a break as full time MBA’s can provide.

I personally prefer Executive MBA provided by best B schools in India rather than International B schools, because of the reasons given below

In India one can get very good Management education (from B schools like IIM, ISB, Great Lakes, XLRI, and SP Jain) in par with very good international institutes at very affordable prices (compared to MBA cost in UK and USA). In India one year full time MBA may cost 20 lakhs INR where as one has shell out 35-40 lakhs INR to do MBA in reputed B school in Europe or USA.
If one would like to work in India after MBA then the top B schools in India are the best bets to get challenging and quality roles and responsibilities in very good companies in India rather than International B schools which can provide very good opportunity in their respective nations.
The Business education provided by Indian schools will be more relevant to Indian business scenario than International B schools.
Also to get into best Indian B School one has to put huge amount of efforts which will definitely boost one’s confidence.

I will give the list of colleges which provide 1 year full time MBA in India along with some relevant information like Fees, prior work experience required, specialization and placement. All schools look for the good GMAT scores and most of them expect GMAT scores to be 700 or above. I will list the colleges, in the order of Best to Better (in my opinion), remember all these B schools are really good and definitely worth pursuing. One has to take up these programmes for the career change they offer rather than taking it up only for the sake of fat salary package.

1. ISB Hyderabad provides one year full time Post Graduate Programme in Management. ISB has been ranked 12^th in the world by financial times and this is huge achievement for any Indian B school. This programme requires minimum of 2 years of work experience average work experience being 5 years. The average GMAT score is above 700 and the fees for the programme is around 22 Lakhs INR including accommodation, tuition fees, books etc. The average salary offered is 16 lakhs.

2. IIM-A and IIM-B are next two B schools which provide 1 year Executive MBA’s at a cost of around 20 lakhs INR. Their average GMAT score is also almost 700. This programme is only for people with 7+ years of work experience and average work experience of the class is above 10 years. The average salary offered is 20 LPA INR in case of IIM- A.

3. IIM-C also offers 1 year Executive MBA’s at a cost of around 14 lakhs INR. They need an average GMAT score of 700 and above with at least 5 years of work experience. They offer very good career change and average salary is 18 Lakhs INR. The average work experience of class is 8.9 years.

4. XLRI provides General Management programme for people with 5 years of work exp. The average work exp of class is above 6 years and the cost of programme is 14 Lakhs INR. The average GMAT score of the class is 700 and average salary offered is 15 LPA INR.

5. IIM Indore provides 1 year Executive MBA’s at a cost of around 18 lakhs INR and work exp required is 5 years. The average work exp is around 6 years. The average salary offered should be decent but as of now it is not updated on their web page. The average GMAT score requires is 700 +.

6. SP Jain provides three different programmes for people with 3 and more years of experience. One of them is Global MBA; other one is Post Graduate Programme in Management (PGPM) and the third programme is Post Graduate Certificate in International Management (PGCIM). All have varied GMAT requirements and different fees. All three are good depending upon the student’s interests. The Post Graduate Programme in Management (PGPM) is offered at the SPJIMR itself where as SP Jain Global MBA is provided at their global campus and Post Graduate Certificate in International Management (PGCIM) which is the latest programme is provided with some part in India and rest of the part in Germany.

7. Great Lakes Institute of Management the brain child of Prof. Bala V. Balachandran is one of the very good institutes with less branding. Great Lakes Institute of Management offers Post Graduate Program in Management for people with at least two years of work experience. The average GMAT score of the class is 690 and average work exp of the batch is 46 months. The programme fees is 13 Lakhs INR and the average salary offered is 8.7 LPA INR.

Maruti Suzuki rolled out its 10th millionth car (1 Crore Cars) on March 15th 2011 and joined the select club of automobile manufacturers like Toyota , Honda, GM , Suzuki , Ford, Renault and Volkswagen . Maruti is the first Indian company to achieve this feat.

Maruti which started its operations in 1983 with Maruti 800 and rolled out Wagon R Vxi as its 10th million car. May be 90% of these 10 million cars are below the range of 5 lakhs , Maruti may be the first car manufacturer in the world to sell this large quantity of small cars which made made cars very affordable to we Indians.

Maruti sold its 1 millionth car in 1994 and 5 millionth car in 1997. So it took 24 years to sell million cars where as next 5 million cars were sold in just 13 years. This ca be one of the indicators of India's economic growth story.

The reference for this article is Economic Times and Times Auto.