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The one year format is very common in Europe and other parts of the world. One-year programs are more rigorous than two year programs. In terms of the number of classroom hours, there won't be a significant difference between a two year course and a one year course. Generally, there are no holidays between terms. Working executives would rather be away from work just for a year instead of 2 years. Also the one-year program enables students to start working a year earlier.
The 1 year PGPM is designed for professionals with a minimum of 2 years full time work experience and looking to gain general management competencies for accelerating their career growth. It leverages the fact that the candidates already have certain expertise, maturity level and exposure to professional work environments. It is quite attractive for professionals who do not want to take a 2 year break from work for various personal and professional reasons.
PGPM refers to the Great Lakes full-time one-year fast-track residential Post Graduate Program in Management for candidates with atleast 24 months of work experience.