In institutes like IIMs, IIFT, XLRI, and FMS, the first year consists of all the core courses, which are almost similar in all such top-notch B-Schools. These courses provide the basics of almost all domains relevant to an MBA degree. Some of those subjects are listed below.
During the second year, subjects mostly depend on the area of specialization chosen by the candidate in MBA. FMS gives a pre-selected set of subjects based on your specialization. In IIMs and XLRI you can choose the subjects through course bidding.
If you want to know about the courses in detail go through the curriculum of IIM Calcutta, the curriculum for all these institutes is somewhat similar to that of IIM C.