One Year MBA, Is it on Rise in USA

When INSEAD topped the Financial Times Global MBA Rankings for the first time in 2016, it put the one-year MBA on the map. This year, it retained its position. INSEAD – with campuses in Europe and Asia – is leading the rise of the one-year MBA internationally.

Within the United States, the traditional, two-year full-time MBA program does still reigns supreme. Five out of the Financial Times’ global top 10 are two-year MBA programs from the US – including Harvard Business School, where the MBA was first introduced over a century ago.

However, according to GMAC, applications to two-year MBA programs fell in 53% of US business schools in 2016. At the same time, 55% of one-year MBA programs reported an increase in domestic applicants.

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Are we seeing the beginnings of a demand-driven shift to the one-year MBA in the US, as we see in Europe and Asia?

“I do see future growth prospects in the one-year MBA,” says Vishal Gaur, associate dean for MBA programs at Johnson at Cornell University, the only Ivy League school to offer a one-year MBA program.

“There may be a gradual shift happening - such programs are doing extremely well. It’s hard for me to say why other schools don’t offer them.”

While applications to the Johnson at Cornell’s two-year MBA remain stable, applications to the one-year MBA have increased steadily, with the program upping its intake from 40 to over 70 students in a matter of years.

53% of students enrolled on Johnson at Cornell’s one-year MBA are international, compared to 33% on the two-year program – the one-year MBA is still more accepted internationally than it is in the US.

The one-year MBA program is marketed at the more experienced professionals; those looking to advance their careers in the same industry rather than switch career track. The current class has an average age of 29, and an average of five years’ work experience between them.

Although Vishal has discussed the possibility with his senior colleagues, the program doesn’t currently offer an internship. In fact, the importance of the MBA internship – traditionally taken in the summer between an MBA program’s first and second years – may hamper the rise of the one-year MBA in the US.

Shashi Matta, MBA program director at The Ohio State University’s Max M Fisher College of Business, says around 60% of the school’s MBA students get jobs out of their internships. He’s not convinced by the one-year MBA format.

“We’ve looked into the possibility in depth,” he says. “We’ve looked at some of our peer schools. I’ve spoken with people at those schools. They themselves are not sure how robust the demand is for something like a one-year MBA,” he continues.

“Employers are interested in hiring someone who they can be confident about; who not only has immersed themselves in learning about business over a two-year period, but who also has that clear evidence shown by the internship.”

Still, Shashi admits that increasing applications to the school’s two-year MBA program has been a challenge: “The two-year, full-time MBA plateau is a result of a lot of things,” he says. “People are looking at other formats and fewer people are wanting to take the two-year career break.”

Matt Merrick, associate dean of degree operations at Northwestern University’s Kellogg School of Management, is confident that the one-year MBA has value in the US.

“In our increasingly fast-paced world, it is easy to see why many students choose a one-year MBA program as opposed to a traditional two-year MBA program,” he says.

“Our one-year MBA is not an accelerated program. It carries all the benefits of our traditional two-year MBA. From June to June, students have the access to the same on-campus recruiting, the same global and travel opportunities, and the same selection of electives,” Matt continues.

“Students can skip over core courses that feel redundant with their pre-existing skill set, and choose electives that align with their personal career goals.”

While some US business schools are still getting to grips with the one-year MBA, in Europe the shorter MBA format has brought schools significant success. According to GMAC, a massive 74% of full-time one-year MBA programs in Europe reported growing application volumes in 2016.

Michelle Sisto, MBA program director at France’s EDHEC Business School, says she’s seen a sharp increase in MBA applicants from the US in particular.

“In Europe, the opportunity cost is significantly lower,” Michelle explains. “The two-year investment in the US can cost upwards of $300-to-400,000 dollars including opportunity cost. And people are more sensitive to the MBA’s return on investment now than they may have been a few years ago”

Could the one-year MBA in the US match the rise of the one-year MBA in Europe?

“There may be more of a move in that direction,” Michelle continues. “I think that now, particularly with a one-year MBA at the top of the Financial Times rankings, the interest in one-year MBA programs in the US is definitely growing.”

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India top source for MBA seekers in schools abroad

Indians top when it comes to the number of international students applying for MBA programmes in graduate schools abroad, followed by Chinese and Americans.

A 2016 report by Graduate Management Admission Council (GMAC) that carried out a survey on application trends of 216 leading graduate business schools across the world revealed that India is now the top source of international candidates for both one-year and two-year MBA programmes.

“India has pushed China and USA to second and third positions in the international applications category ,“ the report said, adding that about 49% of schools offering full-time one-year MBA programmes showed a rise in applications submitted by international students when compared with the number of applicants under the category in 2015.

“Seventy percent of fulltime two-year MBA programmes recruit international candidates. These candi dates, especially those from China, India and the US, are also a priority for outreach and recruitment by a majority of one-year MBA and master's programmes in management and finance,“ it said.

Apart from the increase in volume of applications globally, as per the report, shared exclusively with TOI, 65% of European graduate business programmes recorded an increase in applications. Oneyear MBA, executive MBA, and online MBA programmes too have grown in popularity .“46% of US programmes and 41% of programmes in East and Southeast Asia grew their application volumes as well,“ it said. On the other hand, fulltime two-year course, parttime, and flexible MBA programmes worldwide are indicating declines this year.

“With the creation of tailored business courses like the Master's in Data Analytics, the demand for business schools is growing,“ GMAC CEO Sangeet Chowfla said.

Source : TOI

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IIM B, IIT M, JNU and HCU Top the List of University Ranking by HRD Ministry

Educational institutions in the southern states aced the first government-backed rankings for higher education launched by the Ministry of Human Resource Development (HRD) on Monday. IIT Madras, IIM Bangalore, IISc Bangalore and Manipal College of Pharmaceutical Sciences, Manipal, topped the engineering, management, university and pharmacy categories, respectively. Institutions such as Jawaharlal Nehru University (JNU), Hyderabad Central University (HCU), Aligarh Muslim University (AMU) and Visva-Bharati, which have been at the centre of major controversies, have also fared well. They figure in the top 20 universities of the country.

While JNU and HCU were judged the third and fourth best universities, better than Delhi University, which stood at rank 6, AMU and Visva-Bharati were ranked 10th and 11th, respectively. Jamia Millia Islamia was ranked 83 out of 100 universities.

 

Though the HCU administration has been accused of discriminating against students from backward castes, the university was ranked the best in the country in terms of ‘outreach and inclusivity’, which includes parameters such as gender and geographical diversity in student community, facilities for the differently-abled and percentage of students from socially/economically backward communities. 

The IITs — both old and new —lead the tables for engineering, occupying the first 11 positions. Predictably, the first five IITs, established during 1950s and early 1960s, took the first five positions, led by IIT Madras with a weighted score of 89.42, followed by IIT Bombay, IIT Kharagpur, IIT Delhi and IIT Kanpur with weighted score of 87.67, 83.91, 82.03 and 81.07, respectively. Similarly, the IIMs occupied the top positions among management institutions. 

The topranks were occupied by IIM Bangalore at first rank closely followed by IIM Ahmedabad, IIM Calcutta and IIM Lucknow. International Management Institute, New Delhi, at rank 7 is the only private institution in the top 10 management institutes. The ‘India Rankings 2016’ were put together with the participation of 3,500 private and public institutions, which were ranked by National Bureau of Accreditation (NBA) based on five criteria — teaching and learning resources, graduation outcome, perception, outreach and inclusivity and research productivity. All institutions were judged based on self-disclosure of information. 

Top 10 Management Institutes in India

1. Indian Institute of Management, Bangaluru 

2. Indian Institute of Management, Ahmedabad 

3. Indian Institute of Management, Calcutta 

4. Indian Institute of Management, Lucknow 

5. Indian Institute of Management, Udaipur 

6. Indian Institute of Management, Kozhikode 

7. International Management Institute, New Delhi 

8. Indian Institute of Forest Management, Bhopal 

9. Indian Institute of Technology, Kanpur 

10. Indian Institute of Management, Indore

Top 10 Universities in India

1. Indian Institute of Science, Bangalore 

2. Institute of Chemical Technology, Mumbai 

3. Jawaharlal Nehru University, New Delhi 

4. University of Hyderabad, Hyderabad 

5. Tezpur University, Tezpur, Assam 

6. University of Delhi, Delhi 

7. Banaras Hindu University, Varanasi 

8. Indian Institute of Space Science and Technology, Thiruvanathapuram 

9. Birla Institute of Technology and Science –Pilani 

10. Aligarh Muslim University, Aligarh 

Top 10 Engineering institutes in India 

1. Indian Institute of Technology, Madras 

2. Indian Institute of Technology, Bombay 

3. Indian Institute of Technology, Kharagpur 

4. Indian Institute of Technology, Delhi 

5. Indian Institute of Technology, Kanpur 

6. Indian Institute of Technology, Roorkee

7. Indian Institute of Technology, Hyderabad 

8. Indian Institute of Technology, Gandhinagar 

9. Indian Institute of Technology, Ropar-Rupnagar 

10. Indian Institute of Technology, Patna 

Top 10 Pharmaceutical institutes 

 1. Manipal College of Pharmaceutical Sciences, Manipal 

2. University institute of pharmaceutical sciences –Chandigarh 

3. Jamia Hamdard, New Delhi 

4. Poona College of Pharmacy, Erandwane, Pune 

5. Institute of Pharmacy, Nirma University, Ahmedabad 

6. Bombay College of Pharmacy, Mumbai 

7. Birla Institute of technology, Ranchi 

8. Amrita School of Pharmacy, Kochi 

9. JSS college of Pharmacy, Ootacamund 

10. JSS college of Pharmacy, Mysuru.

Courtesy : IE

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Only 7 Percent of MBAs in India Employable, Rest Struggling

Every year, India produce lakhs of MBAs, but the real question is How many of MBAs passing every year are employable ?

There is at least 5,500 approved B-schools in operation in India and including unapproved institutes could take that number of B-Schools in India much higher. Collectively they are pushing lakhs of MBAs out there in job market. However in a recent study by ASSOCHAM ( Associated Chambers of Commerce of India) in Firstpost, it has been pointed out that, only the management graduates from institutes like IIMs, XLRI and ISB has been able to grab a good job. Rest are either struggling to find a job or working at a salary between  Rs.8000/ per month to Rs.10000/- per month.

“India has the largest number of MBA colleges if you do a survey of college to population ratio. So when the supply outstrips the demand, the prices automatically fall,”says Mohammed Abbasali Gabula, Deputy Director (External Relations and Administration), S.P. Jain Institute of Management and Research, Mumbai. Only handful of MBAs knows the key terms and ideas of their relevant area of industry or expertise.

Image Source : Google

Another reason is that B-schools are churning the low standard management graduates who lack in the skills required by job market. The outcomes of this study has raised a red flag over the quality of education quality in mushrooming B-Schools showing lack of accuracy in their regulations.

The study reveals that, only 7% of the MBAs passing every year in India are employable. It excludes the management graduates from IIMs, XLRI, IBS and other top 20 B-Schools in India. The value of students graduating from IIMs now has degraded than the students graduated in the past 15 years. The core reason is - poor quality of education, lack of quality control over infrastructure, lack of better faculty and outdated curriculum. It simply indicates one thing, the whole system needs to be revamped. 

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MBA/PGDM Certificates Can’t Guarantee a Job Any More

The MBA/PGDM is no longer a passport for the flight of a successful career. 
Barring a few top B-schools two in three MBAs remain either unemployed or underemployed. 

Almost two thirds of graduates passing out every year, except the handful of top B-schools, including the IIMs, are struggling to find meaningful employment, according to multiple estimates. There is plenty of anecdotal evidence to back this up. 

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Only 21% MBAs are employable, says a report by Meritrac. Tire -II B-Schools  managed to place only 30-40% students at just Rs. 12,000- Rs. 18,000 per month.

Vidhi Sen, an MBA in financial markets this May from the 2011-2013 batch of a Ghaziabad-based institute is yet to land a job with 40% of her batchmates. “We are still hunting,” says Ms. Sen, who spent 4.50 lakh for a two-year programme. 


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Saloni Kesarwani, who graduated from Amity International Business School last year, didn’t have luck with placement either, but eventually landed a job through personal reference. 
Many of her friends who managed to get placed started with salaries in the 3-4 lakh range. 

The MBA cost 9 lakh.  

Even the IIMs took longer than usual to place their entire batch this year. Less than 4 lakh students sat for national-level B-School entrance tests (MAT, CAT, XAT, CMAT etc) in 2012-13, compared with a 2008-09 peak of 5 lakh plus, according to AIMA. 

It also said some estimates suggest that 400-odd startup B-Schools have shut shop during the past year or so. With the economy in a prolonged slowdown, there is hardly any new job creation in many sectors. 

But that’s not the only reason MBAs are losing sheen. Several surveys suggest the enormous gap between the top MBA colleges in the country and the tier-2, tier-3 and tier-4 colleges in terms of access to research, quality of faculty and their linkages with business and industry. 

Management education is supposed to be built on the strength of these factors and a robust industry interface is lacking at the tier-2, tier-3 colleges. 

Training and development firm Elements Akademia, which studied 4,000 students across 200 tier-2, 3 and 4 MBA colleges in 20 cities in April this year, found poor corporate interaction, inexperienced faculty members and dismal placements at these institutes. Problem of Plenty. Most tier-2 B-schools managed to place only 30-40% graduates. 

A majority of those who did find jobs started off with a pay of only Rs 12,000-18,000 per month. In 197 of the 200 B-schools, students expressed regret at joining their college.  

There are fundamental issues of academic delivery quality as most run-of-the mill colleges spend less than 10% of their revenues on actual academic delivery, says experts.

Not only have more institutes mushroomed, but even the volume of students at old and established and new and unproven B-schools has increased exponentially. The slowdown is making placement even more difficult. 

Most companies have been focusing on restructuring, cost-efficiency and right-sizing. “If there were three jobs at one point, companies are now trying to see if they can do with one. 

On the other hand, the volume of talent available in the market is rising,” says Gaurav Lahiri, managing director of the India unit of global management consulting firm Hay Group. 

Institutes too admit that a bad market is making placements challenging. “Slowdown has hit placements and recruitment volumes have gone down for major recruiters. 

Salary packages have also not increased with respect to inflation,” says a spokesperson from Amity University, Noida, which has trained nearly 4,700 graduates in the past five years. 

Also, the majority of talent opting for an MBA in India is raw, unlike the global business schools or a few Indian institutes like ISB, where people come in for their management education after working in industry for some years. 

In India too they need to move in that direction. This will make classroom conversations richer from a practical standpoint and will improve their employability.

Data Source-Print Media

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MBA in HR - Top Colleges For MBA-HR in India

Among various resources required in the production process, human resource is an important one. The Human Resources Development Program gives you the experience that can lead to a dynamic career in a Fortune 10 company. Jobs in Human Resource Management can literally give you the power to control the careers of hundreds or even thousands of employees. For success of any industry and company it is essential that human resource is utilized in the best possible way. Companies match employees to jobs for which they are best cut out for. This task is done by human resource professionals. These HR professionals deal with recruitment of new employees, conducting tests and interviews, managing employees’ benefits and listen to minor grievances of employees. Besides, they also assist workers to boost their morals and give training and coaching to maximize their abilities. 


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Course DetailsHuman Resource Management or HRM is taught as part of the MBA curriculum at B-Schools across the country. Many colleges also offer HR courses at graduation level too. MBA-HR is a 2 years' course taken up after graduation or equivalent degree. The admission into the MBA course is generally held on the basis of a written test, group discussion and personal interview. Separate tests are conducted by different institutes like CAT by IIMs, MAT by All India Management Association, and XAT by Xavier Institute etc. Besides, there are executive MBA (HR) programmes offered by some institutes which require a minimum level of experience.

Career Prospects
The main task of HR/ Human resource managers is the efficient use and development of available skills and talent of the employees within the organization. Thus they are highly required in public as well as private sector organizations. Human Resource managers can seek employment in public and private sector industries, banking and financial institutions, corporate houses and multinational companies. Personnel manager also can aspire to be employed in services sector particularly IT companies who are dealing with huge number of employees now days. Big firms have their permanent personnel manager. But small companies hire services of Human Resources consultants.

Institutes Offering
Several institutes in India offer MBA-HR (Human Resource or Labour Relation) as a specialization under the MBA programme. The seven Indian Institutes of Management (Ahmedabad, Bangalore, Kolkata, Lucknow, Indore, Kozhikode and Shillong) are among the top business schools that MBA (HR or LR) course in India. Some other top B-schools also offer this course are Xavier Labour Relations Institute, Jamshedpur; Xavier Institute of Management, Bhubaneswar; Indian School of Business, Hyderabad; Faculty of Management Studies, Delhi University; Jamnalal Bajaj Institute of Management Studies, Mumbai; S. P. Jain Institute of Management Studies, Mumbai; Management Development Institute, Gurgaon; Narsee Monjee Institute of Management Studies, Mumbai; Symbiosis Institute of Business Management, Pune.

Here is the list of  Top MBA Institutes offering MBA-HR which have become hot choices among aspirants too...

College Name	Programme Name	Duration	Location
Xavier Labour Research Institute (XLRI)	Postgraduate Programme in Personnel Management & Industrial Relations	2 Years	Jamshedpur
Tata Institute of Social Sciences (TISS)	M.A. in Human Resources Management and Labour Relations (HRM & LR)	2 Years	Mumbai
Symbiosis Institute of Business Management (SIBM)	Master in Business Administration	2 Years	Pune
Symbiosis Centre for Management and Human Resource Development (SCMHRD)	Post Graduate Diploma in HR	2 Year	Pune
Management Development Institute (MDI)	Post-Graduate Programme in HR	2 Years	Gurgaon
Institute of Management Technology (IMT)	PGDM HR	1 Year	Ghaziabad
Delhi School of Economics, University of Delhi	Master of Human Resource and Organisational Development (MHROD)	2 Years	New Delhi
University Business School (UBS), Punjab University	Master of Business Administration (Human Resource)	2 Years	Chandigarh, Punjab
Xavier Institute of Social Service (XISS)	Post-Graduate Diploma in Human Resource Management	2 Years	Ranchi, Jharkhand
Indian Institute of Management- Calcutta	Executive MBA in HR	10 Months	Calcutta

 

 

By-
Alok Kumar Upadhayay 

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Australia Shuns 3 Vocational Institutes, More Than 500 Indian Students In Dismay

Not matching the quality standards of education for domestic and international students, Australia has decided to call off operations of 3 vocational institutes in Victoria and New South Wales (NSW).
Speaking over the issue, Australian High Commissioner to India, Peter Varghese said, "The Australian Government has in place a comprehensive suite of protection mechanisms to safeguard the interests of overseas students under the Education Services for Overseas Students Act 2000 (the ESOS Act)."

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"The Australian Government has in place a comprehensive suite of protection mechanisms to safeguard the interests of overseas students under the Education Services for Overseas Students Act 2000 (the ESOS Act)", he further said.
He added, "If these education providers do close and do not meet their obligations to students, international students will be able to access the Australian Government's Tuition Protection Scheme (TPS).
"The TPS will seek to place affected students in an alternative course or refund any unspent pre-paid tuition fees to the students".
Varghese also said, "Australia is committed to maintaining high education standards and undertaking rigorous auditing of education providers".
After comprehensive compliance assessments by Australian Skills Quality Authority (ASQA), Australia's vocational education regulator, it was confirmed that the institutes were not complying to the standards of education. ASQA Chief Commissioner, Chris Robinson said "The decision to reject a training organisation's registration is not one we take lightly but the interests of students and the integrity of training standards across the VET sector have to be upheld. The institutions have the right to have ASQA's decision reviewed which may delay or change the decision."
Both Ashmark Group Pty Ltd and G Plus G Global Trading Pty Ltd have campuses in Melbourne, Victoria and the Ivy Group is based out of NSW. Over 400 Indian students enrolled at the Ashmark Group college, over 100 Indian students enrolled at G Plus G Global and a further 30 Indian students enrolled at the Ivy Group as reported by the Economic Times.
Source: The Economic Times

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MBA Tuition Fee of Top Private B-Schools

Want to pursue MBA from a prestigious B-school but not sure if you can make it to popular IIMs? Fret not! 

There are many other private B-schools in India that are very popular among students. 


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When you decide to go for your MBA admissions, one of the main queries you tend to have is that of the fee of the institute. 
The fee of the management institute becomes a matter of concern for most students owing to its increasing amount year by year. 

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Another concern that students have is the number of seats offered by these private B-schools. 
The number of seats is an important factor that decides your chances of getting through to a particular institute. It is for this reason that we have compiled the fees and number of seats offered by top 10 private B-schools of India-:

Name of Institutes	Flagship Programme	Fee	Number of Seats Offered
MDI Gurgaon	PGPM	8.50 lakh	240
IMI Delhi	PGPM	10.7 lakh	120
IMI Bhubaneswar	PGDM	7.89 lakh	60
IMT Ghaziabad	PGPM	12 lakh	480
FORE School of Management	PGPM	11 lakh	180
SPJIMR Mumbai	PGDM	8.7 lakh	180
XIME Bangalore	PGPM	6 lakh	180
XIM Bhubaneswar	PGDM	9 lakh	180
Asia Pacific Institute of Management, Delhi	PGDM	7.55 lakh	120
LIBA Chennai	PGDM	6.42 lakh	180

Source: Admission Chairperson or Member of Admission Committee of respective B schools.

However, you should keep one thing in mind that the fee mentioned above are the tuition fees which excludes the other miscellaneous charges. In many cases, the fee of the private B-schools is comparatively less than top IIMs of the country.

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