What is a deferred MBA program and why are they formed?
MBA has traditionally been a degree for experienced professionals. Though top tier Management institutes in India have always had their gates open for recent graduates, the criteria for aboard universities were mostly rigid when it comes to recent graduates. However, in the recent times with growing demand for the business Master’s program right after graduation, B-schools have come up innovative alternatives for traditional MBA program.
One of these alternatives for an MBA program is a deferred MBA program where recent graduates will be assured an admission to the MBA program. However, these graduates need to get a 2 year work experience before starting the MBA program.
What is the ISB YLP program?
ISB is one of the international institutions which have introduced this deferred MBA program in the name of “Young Leadership Program”. Through this program, recent graduates can get an admission into the regular MBA program of ISB right after their graduate but need to gain a professional work experience for at least 2 years in the industry of their interest.
Throughout these 2 years of work experience that candidates gain before starting the program, the institute conducts session, seminars and interactive activities to continuously stay in touch and guide the candidates.
ISB YLP Learning Programmes:
ISB has designed a program to keep the enrolled YLP students informed and motivated even before they join the program. For this purpose ISB has structured a list of learning programmes for the enrolled students which will also help them in their jobs.
These learning programmes are generally conducted on weekends which will give the enrolled students a peek at the student and academic life on the campus before-hand. They would also get to interact with the esteemed faculty of the business school during these programmes.
- These learning and assessment modules are designed to concentrate on the following aspects:
- Comprehending and enhancing leadership quotient
- Understanding the requirements of a B-school education
- Exposing the student to diverse career options and opportunities
- Developing the right thought process to help solve problems in the corporate world.
- Personality and career assessment test
- Developing communication, relationship management and presentation skills
Statistics regarding ISB YLP program:
ISB is a very highly ranked Business School in the world. It was established in the year of 1996 by a team of which consisted academicians and businessmen with a goal to provide an international level management education to the MBA aspirants in India.
Thereon, this business school has risen up in rankings and popularity in the following years. The Post Graduate Program of ISB has been ranked number 28th in the recent Financial Times’ Global MBA rankings.
- Duration of the program: 2 years
- Class size: 879
- Average Age of the class: 27 years
- Average Work Experience of the class: 6 years
Admission Calendar of ISB YLP:
- Stage 1 : 25th March 2018
- Stage 2: 31st August 2018
- Stage 3: September 15 – October 15 2018
- Announcement of results : 31st October 2018
Application Process for YLP:
The admission process of ISB YLP is a simple three step process which is a pretty standard way of admission in international business schools. The process of application will test the academic, analytical, leadership and management skills of the students through the following stages of admission.
- Stage 1 : Application form and Application fees
- Stage 2: GMAT/GRE score, two essays and one evaluation.
- Stage 3: Face to Face interview
Cost of the course:
Compared to the Indian standards, the tuition fees of ISB is on a higher side. However, it is justified for the international standard of education and facilities that ISB provides its students.
The following are the fees details of ISB YLP program:
- Shared Accommodations: Rs.29,95,750($46,212)
- Studio Accommodation: Rs.31,28,000 ($48,252)
However, ISB also offers various scholarships and waivers for meritorious students to support their education at the school. Scholarships are provided by different organizations such as Citi and Phoenix Nurture India. There are other scholarship programs offered by the school itself and its’ alumni such as PGPMAX Co 2012 Scholarship (given by the PGPMAX Class of 2012) and ISB’s Develop India Scholarship. The scholarships would range from 5 lakhs to 7.5 lakhs depending on the need and organization offering the scholarship. ISB also offers numerous financing options to fund the Master’s education.
What are the career opportunities after ISB YLP program?
Indian School of Business alumni has a thriving track record of remarkable careers. ISB provides some of the best job opportunities post the Post Graduate Program in the country. The weighted average salary of the class itself speaks for this.The students of this school are placed with lucrative pay packages in top tier companies. Here are some statistics about the MiM placements:
Weighted Average Salary: INR 22, 58,273
The students of the program are placed across diverse disciplines and industries. The following table gives a break up of placements as per the job functions students are placed for:
| Job Function | Percentage of Placements |
| Analytics | 3% |
| Business Research | 1% |
| Consulting | 20% |
| Finance | 8% |
| General Management | 17% |
| Operations | 12% |
| Product Management | 3% |
| Project Management | 1% |
| Sales & Marketing | 18% |
| Technology | 2% |
| Others | 5% |
The students of this program are placed in some of the best and top tier companies of the world. Students would have an opportunity to apply international as wells as domestic jobs. The following is the list of few companies which are major recruiters at ISB:
- Amazon
- Accenture
- Mc Kinsey & Co
- Axis Bank
- Nestle
- Deloitte
- E&Y
- KPMG
- P&G
- Schneider Electric
- Tata
- IBM
- PwC
- The Boston Consulting Group
- Uber
- Virtusa Consulting Services Pvt Ltd
ISB Post Graduate Program is designed with global curriculum and international outlook. The institute has numerous partnerships with different organizations, corporate companies and international universities which enriches the study experience of the whole program. YLP is a great avenue to get an early pass for this amazing program. Hence, it is a must-try program if you are a recent graduate and an MBA aspirant.