Admission Director's Message
With Great Lakes PGPM program getting into its 15th Admissions cycle, it is time for a bit of reminiscence. Till the beginning of the 1990s, the Indian economy was characterized by a sluggish 3% growth rate. Industries were capped for capacity by draconic acts like the MRTP Act and good jobs were difficult to come by. The economic reforms that this country ran in the 1990s accelerated India from the traditional 3% growth rate to a healthier 6-8% growth. With the birth of the new millennium, markets started opening up to a plethora of new job opportunities.
This sudden increase in scale and width led to a new type of problem. The blue eyed graduate kids who started filling the base of the Indian industry pyramid suddenly started finding themselves hitting a glass ceiling in terms of knowledge and skill sets after a couple of years of industry exposure. New knowledge areas like Analytics, Digital Marketing and Social Media Management (to name a few) were opening up and the kids realized that what they had learned back in college would take them only up to a point. NO MORE. When this realization dawned, a new inflow of MBA aspirants started at the turn of the millennium.
All of them wore the tag - ‘seen industry, now getting back to school’.
Schools like Great Lakes and programs like PGPM were born at the turn of the millennium to specifically cater to the ‘back to school’ student. The new-age MBA admittee – a manager in some sense – just required quick re-skilling before getting back to work. This market requirement gave birth to the ‘One-Year MBA’.
Coming to the typical profile of a Great Lakes One Year program admittee, he or she is someone who has definitely invested 2 complete years (24 months) in the job market after completing graduation. For changing gears and moving to the next orbit, these young managers now require a fast track management degree. Currently they are all preparing seriously for their competitive test (GMAT, CAT, XAT, CMAT) which will be their passport for any good B-School. Once admitted, peer learning, social networking, sports and B-School competitions are as important to them as case studies, group works assignments and exams! Great Lakes has been successful in grooming several such batches of ambitious and raring to go students and placing them back in the industry with clockwork precision.
Team Admissions is now preparing for admitting its 15th PGPM batch in 2018. Welcome to Great Lakes to enjoy the experience that only we can provide in this country.
Prof. Easwar Krishna Iyer