Read this article by professors at IIM Bangalore - http://economictimes.indiatimes.com/articleshow/6806670.cms
The professors believe that the one year MBA is the way to go to save investment in terms of time and money for students, and also for the b-schools which can save enormously and instead invest the amount in increasing intake.
I agree that the average intake in IIMs, at 2000 per year is very low, and also that we will run out of quality faculties sooner rather than later.
But a lot has to be thought before putting the one year course in action, like for example the mindset of students and parents (yes, parents who play a BIG role in so called career directing the ward) and the society in general (recruiters etc).
A lot of one year courses have come up in the recent past, ISB , Great Lakes being couple of them. Once the market sees the real value, there will be more such colleges for sure in the future.
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