The Complete Guide to a Two-Year MBA: Everything You Need to Know
Are you considering to advance your career? An MBA is one of the most sought-after degree programmes or those looking to enhance their business acumen and career prospects. Among various MBA programmes, a two year MBA course is most preferred by students, and it is also demanded by recruiters. In this blog, we’ll explore the benefits, career path, and most asked questions about MBA two-year programmes.
What is a Two Year MBA?
An MBA two-year is a full-time programme designed to offer students an in-depth understanding of business management, leadership, and strategy. Typically consists of four semesters, this programme is a mix of core courses, electives, internships, and projects, allowing students to gain both theoretical knowledge and practical experience.
Benefits
Considering a popular career choice, an MBA two-year degree has several advantages. Let’s know in brief about them:
- Comprehensive Learning: The duration allows for a deeper understanding of various business principles.
- Networking Opportunities: With two years on campus, students have ample time to build strong networks with peers, faculty, and industry professionals.
- Internship Experience: A mandatory internship offers practical exposure, making students job-ready.
- Career Advancement: The curriculum and experiential learning equip graduates with the skills needed for leadership roles.
Programme Structure
A two year MBA course includes following components:
- Specialisation: As per your interests and skills, you can choose from a wide range of specialisations like finance, marketing, operations, human resources and more.
- Core Courses: These are mandatory subjects that cover fundamental areas such as finance, marketing, operations, human resources, and strategy.
- Internships: A summer internship with project on the same helps students understand the corporate world better.
- Capstone Project: Many programmes include a final project where students apply their learning to real-world business challenges and present in front of their mentors.
Admission Eligibility
For those who look forward to attending a two year MBA programme, take a look of the admission criteria:
- Undergraduate Degree: A bachelor’s degree from an accredited institution.
- Entrance Exam: Tests like CAT, XAT, GMAT, and more are conducted by some institutions, and the scores are needed to be admitted in top universities/institutes.
- Work Experience: Some universities or institutes prefer applicants with a few years of work experience.
Two Year MBA Vs One Year MBA
While we have mentioned a lot about an MBA two year course, you must be thinking about how it is different from a one-year MBA. Let’s have a look at:
Feature | Two Year MBA | One Year MBA |
Duration | 24 Months | 12 Months |
Curriculum Focus | In-depth coverage of core concepts and specialised areas | Focused on core business concepts |
Target Audience | Fresh graduates and professionals | Professionals with significant work experience |
Networking Opportunities | More opportunities to build relationships | Fewer opportunities |
Internship Opportunity | Mandatory summer internship | Limited or non-existent |
Cost | Higher tuition costs | Generally, less expensive |
Programme Flexibility | More flexible with options for electives and specialisation | Less flexible due to compact schedule |
What is a Two Year Online MBA Programme?
Working professionals seeking to advance their careers without leaving their jobs, online two-year MBAs is a flexible and convenient alternative. These programmes provide a rigorous education, combining online coursework with occasional on-campus residencies or immersive experiences.
Top Universities/Institutes for Two Year MBA
Check out some of the best business schools offering traditional MBA in India:
University/Institute Name | Location | MBA Fees (INR) |
Indian Institute of Management (IIM) Ahmedabad | Ahmedabad | 23,00,000 |
Indian Institute of Management (IIM) Bangalore | Bangalore | 23,00,000 |
Indian Institute of Management (IIM) Calcutta | Kolkata | 23,00,000 |
Indian School of Business (ISB) | Hyderabad | 37,00,000 |
XLRI – Xavier School of Management | Jamshedpur | 23,00,000 |
Faculty of Management Studies (FMS) | Delhi | 2,00,000 |
SP Jain Institute of Management and Research (SPJIMR) | Mumbai | 20,00,000 |
Management Development Institute (MDI) | Gurgaon | 21,00,000 |
Check out some of the best business schools offering online MBA in India:
B-School Name | Course | Course Fees (INR) |
Amity University | 1,95,000 | |
Manipal Academy of Higher Education (MAHE) | 2,80,000 | |
Symbiosis School For Online & Digital Learning | 3,00,000 | |
Dr DY Patil Vidyapeeth | 1,69,200 | |
Jain University | 1,20,000 | |
Lovely Professional University | 1,62,800 | |
Chandigarh University | Chandigarh University Online MBA | 2,00,000 |
GLA University | 98,000 | |
Manipal University Jaipur | 1,75,000 | |
Sharda University | 1,00,000 | |
Shoolini University | 1,50,000 | |
University of Uttaranchal | 80,000 |
Please Note: The fee may subject to change with time. For further information, connect with hike education’s expert career counsellors.
Best Specialisations Offered in an MBA Course
A two year MBA programme often offers a wide variety of specialisations, allowing students to tailor their education to their career aspirations. Some popular specialisations include:
- Finance: It focuses on financial management, investment analysis, and corporate finance.
- Marketing: Covers areas such as brand management, digital marketing, and consumer behaviour.
- Operations Management: Involves optimising production processes and supply chain management.
- Human Resources: Concentrates on employee management, organisational behaviour, and labour laws.
- Entrepreneurship: Prepares students to start and manage their own businesses.
Career Scope After Two Year MBA
Career Path | Key Responsibilities | Average Salary (INR) |
Management Consultant | Advising organisations on business strategy | 12 – 20 LPA |
Investment Banker | Managing financial assets and capital raising | 15 – 20 LPA |
Digital Marketer | Managing online marketing strategies and campaigns | 6 – 8 LPA |
Marketing Manager | Overseeing marketing campaigns and brand strategy | 10 – 18 LPA |
Operations Manager | Streamlining production and supply chain processes | 10 – 15 LPA |
Human Resource Manager | Managing employee relations and organisational development | 8 – 14 LPA |
Data Analyst | Analysing data to support business decisions | 8 – 16 LPA |
Please Note: The salary may subject to change as per time, location and experience.
How to Choose the Right MBA Programme?
Selecting the right MBA programme is a crucial and the first step towards proceeding with this course. Here are the points to consider:
- Accreditation: Ensure the programme offered by business school is accredited by recognized bodies such as AACSB, or AMBA.
- Curriculum: Take a look at the curriculum that aligns with your career interests and goals.
- Placement Records: Research the programme and specialisation you are considering placement statistics to understand the career opportunities it offers.
- Alumni Network: A strong alumni network can provide valuable connections and mentorship opportunities.
- Location: Consider the geographical location of the campus, especially if you’re looking at on-campus programs, as it can influence internships and job placements.
Conclusion
A two year MBA is a valuable investment for those looking to deepen their business knowledge, expand their professional network, and advance their careers. Whether you choose an on-campus programme or opt for the flexibility of an online MBA, this degree can open doors to countless opportunities. If you’re still unsure about which path to take, consider reaching out to academic advisors of Hike Education to gather more information.
Two-Year MBA: FAQs
Q1. Can I do MBA in two years?
Indeed, if the course allows it, you can complete the degree course in 2 years.
Q2. Which MBA is better, 1 year or 2 year?
Although it depends on various factors like if you are a working professional looking for a compact course then 1 year MBA will be the perfect choice and if you are a fresh graduate looking for a course to study business management in depth, the opt for 2 year MBA course.
Q3. What is the MBA Salary?
The average pay scale of an MBA graduate ranges between INR 7 – 15 LPA. This can increase or decrease depending upon the experience, time and location.
Q4. Which MBA duration is the best?
Both 1 year and 2 year MBA is best for advancing the career. Although it totally depends on person’s time commitment towards studies and their knowledge enhancement.
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