Is 1 greater than 2?
Apropos of the news analysis “One year or two?” (FE, October 12), in an age when there are as many course options for MBA students on offer as Arabian nights, which one should a candidate choose? In fact, it is a dilemma for business school applicants the world over. And the dilemma doesn’t stop here. It includes within itself questions such as: If an MBA, then a specialist or generalist one? On-campus or distance learning? Full-time or part-time? The list can go on. However, as far as the question about the traditional full-time MBA is concerned, it is getting clearer that a one-year MBA is scoring some brownie points over a two-year MBA. Consider two institutes in India—the Management Development Institute in Gurgaon and the Great Lakes Institute of Management in Chennai. MDI Gurgaon is a decades-old reputed institute and is consistently ranked among the top ten in India. Great Lakes, on the other hand, is just about a decade old. However, of late, it has been seen that salary packages for graduate students at both the institutes are more or less getting equal. MDI Gurgaon primarily offers a two-year MBA; Great Lakes is famous for its one-year MBA. One might wonder what are the advantages of the latter? Among other things, one-year MBAs can cost lesser (though not usually half) than the programmes that last twice as long. Secondly, while there is definitely more on-campus learning and practical experience in a two-year MBA programme, the Generation Y, it appears, might consider gaining that “practical” experience on the job. This is not to suggest that two-year MBA is dying. The kind of contacts you develop and interpersonal skills you acquire during a two-year MBA from a good business school are priceless.
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