While browsing blogosphere, came across Indy's(XLRI '08) informative post on 1 Year MBA programs :
Check this link : http://myrandomthoughts-indy.blogspot.com/2007/05/why-xlri.html
In addition to this, one can also check out IIM Lucknow's IPMX program as well as the NUS MBA which is 16 months long.
The question of whether to choose the 1Y or 2Y program depends on one's career-goals post-MBA. For folks who want to switch career completely, e.g. moving from a Technical role to Investment Banking/Finance, in my personal opinion the 2 year MBA
is a better choice. This is so because you get to do an internship in the 2-Y MBA through which you can prove to your target companies your demonstrated success in working in Inv Banking area. 1-Year MBA typically do not have internships and it would be very difficult for one to switch careers.
Folks who join 1-Year MBA are typically those with substantial industry experience (5+ years) who either plan to continue working in the same industry post-MBA (e.g. Move from IT Tech roles to Business Devlopment/Business Consulting roles) or move in to a slightly related area such as Management consulting(MC). From everything I have heard from alums in XL and ISB, even this shift to MC happens to very few people in the class.
In my case, I am attempting to research various options in an unbiased manner.
For instance, although MC is usually held favourably by MBA students for its attractive remuneration and prestige, there are several negatives, including extensive travel, long work hours etc. PLUS the fact that one starts of almost like a fresher in the firm. Whereas in an IT firm, I can reasonably expect to join in a middle-senior management role. Also, I have gained a familiarity of the IT environment through my experience in a large Fortune 20 company and it would be to my advantage to leverage this experience in the future. We'll see.
An ISB-alum I spoke with mentioned - just chill now...this is the only time when you maintain your sanity. You are bound to get confused over and over again during your MBA with thousands of opinions and options coming from placement office, brothers, sisters, friends, profs, seniors etc etc.
I guess I should....chill !
Friday, May 16, 2008
1 Year MBAs in India
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2 comments:
You are right....In fact, this is true for most IT people who want to do a 1 year MBA(the craze has increased considerably with IIMA, C,L and XL coming up with these courses).....The grass is always greener on the other side!!!
I am a 34 yr IT person in USA sick of IT.
What to do? I don't know how my brain went for a hike but now I am kicking myself for not doing MBA earlier. I really want to do strategy/finance kind of job because it has wider company wide scope.
Is there any hope for me?
-Anon
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