IIMs are known for their top-quality management education and are premium institutes for the same. In addition to their flagship courses, the One Year MBA from IIMs for working professionals is offered as a Full Time Residential MBA Program for Executives. This program is much coveted among working professionals with work experience of 3 to 7 years. The program has similar USPs of two year MBA program except that it is more rigorous. Because of its dynamic nature, the placement opportunities offered to one-year MBA students are even better.
Here is a one-to-one analysis of each program.
IIM Ahmedabad PGPX:
The Post Graduate Programme in Management for Executives (PGPX) is one of the finest one-year, full-time, residential programs in the world. Its best-suited for bright, enthusiastic, and aspirational executives with professional experience. This program attracts top talents from diverse industries, cultures, and geographies.
IIM Bangalore EPGP:
IIM Bangalore offers an intensive one-year residential MBA programme created specifically for professionals with remarkable track records and 5 to 12 years of work experience in a wide range of industries.
IIM Calcutta MBA-Ex:
IIM Calcutta's MBA for Executives Programme (MBA Ex) is One Year Full-Time Residential MBA Programme that provides mid-career professionals the ideal platform to augment their existing skill sets and paves the way for senior and top management roles in the industry. MBA Ex at IIM Calcutta, since its inception in 2006, has spawned alumni who have demonstrated excellence in the leadership positions that they have occupied in their organizations.
IIM Indore EPGP:
IIM Indore EPGP is a reputed one-year MBA is specially designed to enhance knowledge, AMBA skills and capabilities essential for managing and leading organizations and the program combines skill building with an exploration of good management practices.
IIM Lucknow IPMX:
IIM Lucknow offers International Programme in Management for Executives (IPMX) at its NOIDA Campus to prepare working professionals for the top roles in business organizations.
All in all, each of the one-year MBAs offered by IIMs has a single purpose; to enable working professionals to climb the corporate ladder and receive better packages.
Career growth after a one-year MBA from IIM Ahmedabad, Bangalore, Calcutta, Lucknow, or Indore, can be good. These courses are aimed at experienced industry professionals. After a few years of industry experience, working professionals can opt for these courses and upskill themselves, to perform better in their roles or escalate their careers.
First of all, let me take my time to shatter some of the prevalent myths regarding a one-year MBA, such as:
You cannot continue the course with your job or take a furlough for this course because the classes run from 9 to 5 on all weekdays and may even run on the weekends.
Proceeding towards the question, you are eligible for one year MBA if you are a professional with at least five years of work experience. There's clearly career growth after this course because, without this MBA, professionals with five years of experience are offered roles of mid or senior management. This transition is hard because companies don't hire you for high-paying jobs just on the basis of that much experience. Doing a one-year MBA proves better than settling for a below-average package.
This MBA course at IIMs assists you to establish your network that in turn helps you to switch to high-paying senior managerial jobs.
In the nutshell, most of the companies have started to value one-year MBA programs, you are most probably going to gain that extra edge in your career growth after pursuing this course. Even then, there might be some new HR's who are not up to date and may not open up to the one-year MBA Program.