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Posts Tagged ‘1 Year MBA’

SPJAIN_PGPM

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Admissions are now open for Class of 2010. Please check the admissions calendar on the right pane for more details. If you have questions, raise them in the comments section.

Update: 

Please visit this link for applying online :http://admissions.spjimr.org/

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After MBA Universe, Coolavenues has covered the admirable feat of PGPM Class of 2008 bagging a 100% placement.

coolavenues

Follow this link to read the story:

http://coolavenues.com/placements/2009/04/27/484/

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The Mumbai based S.P. Jain Institute of Management & Research (SPJIMR)’s one year Post Graduate Program in Management (PGPM) for executives clocked an impressive 100% placement for its 4th batch comprising 56 participants having an average work experience of around 5 years.

The current financial downturn did not dampen the profiles offered to the PGPM participants with some of them bagging positions like Associate Vice President, Senior Principal Information Architect, Industry Analyst, Executive Assistant to Director, Business Development Manager and Operations Consultant. In all, 34 companies recruited from the campus giving 73 offers to the 56 participants of PGPM class of 2008. 20 of these companies were first time recruiters and made 32 offers.

The average % increase in salary over last drawn stood at 46.3% for the batch. IT/ITES companies dominated the placements with nearly 37% offers. Consulting and Manufacturing firms each accounted for 15 % of total offers while remaining 23% offers were from Telecom, Infrastructure, Banking & Insurance, Power, Automobile and FMCG sector etc. The recruitment base this year comprised of companies mainly from the IT and Manufacturing sectors and included names like JP Morgan Chase, Frost and Sullivan, Tata Consultancy Services, EDS Emphasis, Tata Motors, Boston Analytics, British Telecom, L& T, KPMG, Daimler Hero and others.

SPJIMR adopted the rolling placements approach this year in order to place the participants of the PGPM programme. In addition to this, the strong networks of PGPM alumni were instrumental in providing good support to the batch’s placement initiatives. Embracing the above strategies at an early stage of the Programme allowed the participants to adapt to the ever-changing needs of a dynamic job-market.

The Institute’s enduring philosophies of “Influencing practice” and “Promoting value based growth” resonated well with recruiting companies who visited the campus for placement. Another aspect that has helped the PGPM participants at SPJIMR in these difficult times was the Institute’s unique “T-shaped” pedagogy that provided participants with a broad understanding of all management disciplines while at the same time, emphasizing on their specific areas of specialization. This pedagogic approach coupled with rigorous program architecture has equipped participants to crack interviews in various industry verticals and functional domains.

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There is a significant difference between pursing a Two-Year MBA and One-Year MBA programme. The target audience for both courses is relatively different and one can correlate it to a sieving process where particles settle from course to fine grain depending on sieving technique adopted.

Generally people take experience as the driving factor in making a choice for  a One-Year MBA programme but they miss the moot point about how a One-Year MBA would enhance there positioning within the industry. If one opts for a One-Year MBA in mid of his career, then it becomes very important for him or her to answer the following question-“how will he or she position themselves post MBA in the industry?” This is not a question which necessarily needs an answer while pursuing a Two-Year MBA programme. Participants in a One-Year programme have to be focused and premier institutes like S.P.Jain don’t even treat them as students while conducting the One-Year full time programme. It can act like a catalyst for participants who are already commanding mid-management positions allowing them to gain better understanding of there existing environment, where as who have just now stepped in to the mid-management arena can leverage good understanding of various business areas that may prove to be essential in leading successful teams.

One-Year MBA programme is very regress unlike a Two-Year programme for obvious reasons!!! , it will last for eleven to twelve months with an abbreviated learning approach to core subjects. S.P.Jain makes it a little easy by leveraging e-Learning as a mechanism to ramp up its One-Year full time participants on core subjects during the pre-foundation phase so that they have less bumpy landing once the course goes into full swing. It allows you to get exposed to larger talent pool which brings with it varied experience across different industry verticals. The learning goes beyond class rooms as you have participants sharing there experience and trying to relate it to a topic at hand thus accelerating the overall learning process. Positioning of One-Year programme at S.P.Jain is very exciting as it allows greater industry interaction in form of professional industry guest speakers due to its physical presence in heart of Mumbai-The Financial Hub of India.

It is very important to realize that whatever choice of MBA programme is made by an individual , it would always be a value-add but when you would realize its full potential would depend on “when” & “why” you made a choice to do MBA. Over a period of time there has been this conflict of interest between the traditional Two-Year versus the One-Year programme , which I don’t see why it so happens !!! Take for example a cricket test match which happens to be purist form of cricket but now we have evolved from one-day to a T20 format & at every stage of this change there was significant opposition in adoption of the formats in the cricket world …It is necessary to understand that One-Year programme is a response to the external stimulus which is the industry itself…Two-Year programme allows you to embrace any industry whereas a One-Year programme can primarily help you with current career and field of work thus furnishing a better organic growth of leadership in your current industry / organization.

It is pertinent to understand that a One-Year programme does not cannibalize a Two-Year MBA & both modules are aimed at achieving excellence at work place via different access paths.

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If you have landed on this blog while surfing the web for information on “1-Year” MBA programs, then this is the post meant for you. Let us get some things right first, OK? What are the various ways in which one can obtain the coveted MBA degree? (Just for clarity though, not all colleges in India award a MBA degree! But we use this as a general term in this article.)

There are the following means to obtain the business knowledge, aka MBA:

  • Distance education programs
  • Evening or part-time MBA programs
  • Traditional 2 year MBA programs (in India or abroad) OR
  • The 1 year MBA program

I am sure that most of you know about the first three types which we talked about on top. It is the fourth one, which is relatively new. So what is so different about this “1-Year” MBA program?

Consider a situation. You have been working after your under graduation for a couple of years now. You have learnt the basics about your job, the way your company functions and now you are yearning to learn more, do more. For the people who are inclined towards managerial types of work – the immediate answer to fill this gap of knowledge and excitement is the MBA degree.

But before that what does one want from a MBA degree? If you asked this question in an interview, you would probably say “I want to learn. I want to acquire knowledge!”. But the same question from your friends and you would say “I want to earn a lot of money!”.

Jokes aside, most of the aspirants of MBA want a quantum leap in their career which also translates to higher salaries. Now, with this objective in mind, and the fact that you have three to five years of experience, (wait – I said a couple of years before, right? Yes but you need to imagine faster than I can write.) you need to re-look at the four types of MBA options in front of you.

If you are observation skills are good, you would notice that the first two really give you just the degree. The fun of peer group learning, case studies, networking really don’t fit into the equation when you are into distance education learning or evening classes for MBA.

So that leaves you with two options, either the traditional full blown two year MBA program or the richer, creamier one year program.

Now most of you are not yet into the B-School, and neither am I into one completely. But in our orientation we learnt the following in our economics class – Opportunity Cost!

For every year that you spend NOT working, you are actually paying a cost. Assume that your current job pays you 5 lakhs per year.

Case 1: You take a 2 year MBA program at a total (hypothetical) cost of 6 lakhs. Do you know that your net investment into the MBA is 5+5+6 = 16 lakhs?

Case 2 : You do the 1 year MBA program at a total (hypothetical) cost of 8 lakhs. The investment for MBA in this case is 5+8 = 13 lakhs.

Financials aside, a one year MBA program is more rigorous than you can imagine. While a two year program can have classes till three in the noon, we slog and enjoy our classroom sessions way beyond the 5 o’clock mark in the evening. And this is just the start for us.

It is not that we learn only half of what the regular two year program chaps do, but by compressing two years into one, we learn one of the most crucial aspects of business – TIME MANAGEMENT.

The increasing number of colleges offering the one year program is a testimony to the fact that the “1-Year” MBA is the new “2-Year” old MBA!

We students who represent the fifth batch of PGPM at SP Jain Institute of Management and Research are looking forward to an exciting year ahead in 2009. Here is when we would be “back to school” in the strictest of senses.

With almost no breaks and constant learning – all of us have to step up our tempos and enthusiasm levels as we open our minds to the world of business learning.

To peace, learning, fun and fulfilling careers ahead !

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