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The 1-Year Post Graduate Management Programs are relatively new in India. But, these GMAT based 1-year programs have been gaining decent traction in the last decade in India. Firstly, they are of a shorter duration. Secondly, the average salaries for graduates after the one-year programs are significantly higher than the conventional 2-year MBA programs in India.
Undoubtedly, the key trendsetter has been the Indian School of Business (ISB). They introduced the one-year PGPM program in 2001. The concept became very popular and many other top business schools followed the formula. In this post, we will have a quick look at how these programs fare against each other.
IIM-A PGPX vs IIM-B EPGP vs IIM-C PGPX vs ISB PGP
Rankings, Eligibility, Cost, Placements, and Salaries
By Parinita Gupta
Which college will be the best to pursue your master’s degree in business studies? There are more than 326 MBA colleges (Only b-schools, MBA specialized, Correspondents are excluded.) in India and out of which more than 17,000 students apply for CAT and Gmat to get a seat in top universities like IIM’s, ISB’s, ICFAI and more. In this article, we are going to show the basic difference between IIM A PGPX vs IIMB EPGP vs IIM C PGPXvs ISB PGP and help you to go further towards your dream college.
IIM A PGPX vs IIMB EPGP vs IIM C PGPX vs ISB PGP: Placements, Salaries and ROI
Why One-Year Programs?
After completing your Bachelors or getting graduated, a student will have 1 mandatory question “What’s next” with 2 alternative answers. The answers will be either choose “Masters and study Further” or start doing a “Job or Business”.
These two solutions seem to be simple but have a lot of impact on life or in the future. According to some latest statistics, Companies like P&G, Amazon, Goldman Sachs, JP Morgan, and many more famous companies made masters as an entry-level qualification to join the company. If our forefathers had a well-renowned business in the town then choosing the second option will be the best. In other scenarios, you have to really think about your future and have a take decision of choosing the right path by joining the best college for pursuing your masters.
IIMA PGPX vs IIMB EPGP vs IIMC PGPX vs ISB PGP – Which one should you choose?
ISB is clearly the best choice out of these 4 programs. But, you should also keep in mind that the competition to get into ISB will be much steeper than into IIMs.
The ISB class is much bigger (800 – 900 students) and average work-ex is around 3 – 4 years. If you a senior executive with 8 – 12 years of work experience and want to opt for peer learning, IIMs could be a better option than ISB.
After ISB, IIM EPGP seems the second-best or the best among IIMs. EPGP placements at IIM Bangalore have improved more over time as there has been a concerted effort to scout for offers that match EPGP candidate profiles.
However, IIM-B had pretty much closed their doors on almost all the applicants having more than 10 years of work experience. This was despite their application process is open for candidates with 4 to 12 years of work-ex. From their current batch profile, it seems that they are targeting 5 years as the average work-ex, somewhat similar to ISB and less than IIMA, in order to differentiate themselves in the 1 year MBA game.