Total Intake of Top 10 B-Schools in India

I did a quick study of flagship programs at top 10 B schools in India to find out the total student intake and the data is as below.  Please note that the number quoted here may slightly vary from the actual, as the intake varies every year. I have considered 2 year and 1 year full time programs for computation.

1. IIM A - 468
2. IIM B - 458
3. IIM C - 320
4. XLRI - 360
5. ISB - 776
6. IIM Lucknow - 400
7. FMS - 226
8. IIM Indore - 300
9. SP Jain IMR - 225
10. MDI Gurgoan - 300

The total number of students from top 10-B schools per year turns out to be 3,833  .
If we consider top 25 institutes in India then the data might turn out to be around 8,000 .

We might  have at least 22,000 management gurus passed out from top 10 B schools  and around 50,000 students passed out from top 25 B schools between 2013 - 2018.

The question is would we have sufficient number of quality jobs to  quench the thirst of  all these bright graduates and my GUT feeling is YEP ......

One Year Full Time MBA in India at Reputed B Schools

Its long time since I jotted down. Its  pretty sad that 2012 year passed away without even one article. I intended to write about so many things but then the laziness overpowered :) . 

In India one year full time MBA is a recent phenomena, may be they surfaced around 10 years ago. I would say this form of MBA suits for folks with at least 3 year work Ex with an aspiration to move into management roles in their existing industry. Drastic career change is not impossible though.

Please refer the link below for detailed description on 1 year Full time MBA programs in India.

Let me quickly give list of reputed colleges in India that offer 1 year Full Time MBA along with average exp required for admission .

All colleges below are very reputed and definitely they are good , I am listing down the colleges based on my knowledge and  in the order of my personal preference. All of them admit students through GMAT and a  few give additional options of CAT and XAT.

1. ISB - Indian School of Business -  Average Work Ex 5 years.
2. IIM Ahemdabad - Average Work Ex 10 years .
3. IIM Calcutta - Average Work Ex 8.8 years .
4. XLRI Jameshedpur - Average Work Ex 7 years .
5. IIM Bangalore  - Average Work Ex  9.6 Years .
6. IIM Lucknow -  Average Work Ex 7 years .
7. IIM Indore -  Average Work Ex 7 years .
8. SP Jain Global MBA-  Average Work Ex 4 Years .
9. Great Lakes Institute of Management  - Average Work Ex  4 Years .
10. SP Jain IMR -Average Work Ex  7 Years .
11. IMT Ghazibad -Average Work Ex  7.5 Years
12. Agesis - Average Work Ex  - Not Very Sure
13. Myra School of Business Average Work Ex 5 Years.

If there are any queries let me know I will try my best to answer. The best place to get detailed info regarding one year full time MBA program is  the respective colleges website.

ICFAI - Part Time MBA



This Picture is taken from ICFAI webpage



ICFAI University Tripura is one of the universities in India that provides Distance/Part-Time MBA.  Large numbers of students from all over India enroll to this part time MBA program. I seriously doubt if at-least 50% of the students enrolled clear the first phase of the MBA (Diploma in Business in Management, now this is second stage I guess first stage being Certificate in Business Management). And I do not think even 25% students enrolled complete their MBA.

I joined the ICFAI part time MBA course in January 2008 and I completed my PG Diploma in Business Management recently in July 2011. I could not take some quarterly exams due to my onsite trips and due to office commitments. The ICFAI university guys advertise saying one can complete the MBA in 2 or 2.5 years, according to me this is not at all possible. One requires atleast 3 years to 4 years to complete this MBA. The subjects are really vast, and all papers till PG diploma in business management are objective and most of the answers look very similar. Most the subjects in MBA are theoretical, and this makes life more difficult as we need to remember many things to answer objective questions correctly.

If one is ready to spend somewhere around 15 hours per week then he/she will be able to clear all the papers with good marks and some understanding of management subjects. But I am very sure if one goes to exams without any preparation then he will flunk, particularly in the objective papers.

ICFAI University is very regular in sending of the text books, study guides and work books. Each subject will have a text book, a study guide and work book. If one revises the study guide or text book once or twice and is confident about the questions in work book then, he can be sure of clearing the papers. Only thing I want to say is "one cannot take the exams of ICFAI very lightly".

ICFAI MBA is suited for people looking for extra MBA degree with some understanding of management topics. The ICFAI MBA degree is not so easy to obtain so it has some value in industry, particularly it is useful if one wants to move up the ladder in one existing organization. It is definitely of no use if a person wishes to make a career change from one domain to another. Also MBA is all about study of case studies and class room discussions; definitely ICFAI part time MBA lacks all of these.

According to me there are several other good certifications that one can take up to get some basic understanding of management topics like CBM , ABM from APBM organization or PMP, CAPM from PMI institute, then we have Management Development Programs which run from 3-4 days at reputed B schools like IIM's, ISB and XLRI . Even IISC and IIT's have some very good training programs for Project management in IT industry.

Also there are part time MBA programs offered by IIM-B, IIM-K, IIM-C which are definitely more worth also more helpful to understand the intricacy of management topics.

I d'nt think ICFAI part time MBA is a bad option but I would definitely say there are many other good options to get sound knowledge of management topics. One needs to analyze all options available and get to know their pros and cons before joining any part time MBA program. Also we should join part time MBA programs only if we are serious about it and we are sure of devoting at-least 15-20 hours every week, else it would be very difficult to complete the course also it will be mere waste of valuable money.

List of Best B Schools Providing Full Time Executive MBA in India

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.

Learning is a never ending process

Learning is a continuous process , it is a life long activity. It does not end after earning a degree or some other qualification . Learning does not end after we join a handsomely paying job. It is a never ending process . Some people prefer to learn from their experiences and some others go for formal education.

Education is gradual process of acquiring knowledge, it facilitates learning. If a person wants to continue his education even after joining a job, the doors of education are not closed for him . Lately, distance education and part time programs have gained popularity in India . Generally perception in India was that "once we join job formal education ends " but this perception has considerably changed now. Many people join different part time programs, distance education , and week end programs to increase their knowledge . I would throw some light on various options available in India to pursue MBA and management education while we are working.

We can opt for distance education , which will be complete correspondence type. Relevant materials will be sent through post or as soft copies through our mail, some times even online classes will be available. Many universities in India like IGNOU, Karnataka State Open University , Madurai Kamaraj University , Annamalai University , Bangalore University , Bharatidasan University provide distance education MBA. One can refer to the links below for more information.

http://www.indiastudycenter.com/univ/distance-education.asp

http://www.education.nic.in/dist_inst.asp

We can also opt for MBA programs for working executives from the more popular institutes given below

NMIMS, this is one of good colleges to offer part time MBA. One can find more info on this through this link. NMIMS provides a 3 year part time program.

http://www.nmims.edu/academic-program-detail.php?type=Part-Time%20Programmes&programs=MBA%20(Part%20Time)

ICFAI University , this is a pretty decent one . ICFAI provides 3 year MBA program.I am pursing my MBA from ICFAI itself, one needs to study for some where around 20 hours every week and take exams regularly to complete the MBA in 3 years. The course is quite extensive and covers most of the management topics. The program will definitely help to get good amount of knowledge on various topics of management.More information about this program can be found using the link below

http://www.iutripura.edu.in/

Sikkim Manipal University also offers MBA program for working professionals and so does Symbiosis Center for Distance Learning.The links below will help one to get more information about their programs.

http://www.smude.edu.in/Pages/Welcome.aspx

http://www.scdl.net/

And the more respected ones

Executive PGP is offered by IIM Indore

http://www.iimidr.ac.in/iimi/pages/programmes_main/exepgp.php

IIM Bangalore provides Post graduate program in software enterprise management

http://pgsem.iimb.ernet.in/index.html

IIM - Khozikode has Interactive Distance Learning in its kitty to offer

http://www.iimk.ac.in/idl/idl.php

Great Lakes Institute of Management

http://www.greatlakes.edu.in/

Other than these most of the Big B schools provide many MDP's (Management Development Programs ) which will be of short duration and concentrating on specific subjects such as leadership, change management.

There are also certification programs offered by

Hugesnet , Reliance and NIIT Imperia. These institutes have tied up with premiere institutes to provide various certification programs.

http://www.hnge.in/ (Hugesnet)

http://www.niitimperia.com/

Where there is a will , there is a way

ISB , IIM-A ,IIM-B, IIM-C, IIM -Indore, XLRI , SPJain, Great Lakes are some the big names in the world of B schools in India. Most of the surveys have consistently ranked these schools among top B schools in India. These schools open door of unseen opportunities to their students. Many of us want to be into these B schools. Most of us know that cracking CAT is the only way out to get into these schools (except for ISB and Great lakes which accept GMAT scores ) .

It is not so any more , CAT is not the only way to into these schools. All of these schools have started Executive MBA's , these MBA's are normally of one year duration instead of normal two year programs . This Executive MBA is for people with atleast 5 years of work experience (except for ISB and Great lakes which entratain even people with atleast 3 year work experience also) . Executive MBA's are 1 year full time programs and are generally very aggressive, as they cover same amount of contents in 1 year as covered in two years. They have very good placement record and they also have the facility to accommodate family (in case of IIM - A , IIM -B and IIM -C ). One needs to take GMAT for admission into these schools and average GMAT score required is generally above 700 in most of these B schools. Most of the schools have, a good GMAT score , 5 year work experience and good academic record as basic admission requirement.

If we have a wish , a determination, to be into these B schools it is not too late for anybody. Every one has been given an opportunity to get into them. So if we have a decent academic record,a good 5 or more years of work experience , a zeal to be into ISB's and IIM's

go ahead and prepare for GMAT , score well , live your dream and have a great future.

I will give a list of B schools which provide 1 year full time Executive MBA's , I have prepared this list after doing lot of research using the respective institution's webpage. The amount mentioned is the total fee charged by these schools for the program , however with the salaries offered one can get back this amount in 2 year span after completion of this program. The amount also includes even family accommodation in case of IIM- A and IIM- B. This amount may also vary as I have written a rough estimate here. Please visit these institutions webpage for more details.

ISB Hyderabad – 20 lakh - 3 years of Wrk Exp

IIM-Ahemdabad- PGPX- 20 lakh - 7 years of Wrk Exp

IIM-Bangalore - Executive Post Graduate Programme in Management- 20 lakh – 7 years of Wrk Exp

IIM-Calcutta- Post Graduate Program for Executives: 14 lakh – 5 years of Wrk Exp

IIM-Lucknow- Details not mentioned

IIM-Indore - Executive Post Graduate Programme in Management - 15 lakh -5 years of Wrk Exp

IIM – Khozikode – Not very sure

XLRI – General Management Program - 12 lakh – 5 years of Wrk Exp

SPJain- Global MBA as well as non Global MBA 20 Lakh(food, hostel, fees)

SPJain India - Within 10 lakhs - 5 years of Wrk Exp

Great Lake, Chennai - 3 years of Wrk Exp , 12 lakhs

MDI

IMT – Ghaziabad