The 2 year (20 month) MBA programme is the most common form and de-facto meaning of MBA. The programme typically comprises 6 terms of 3 months each and a summer-internship of 2 months duration. A few B-schools also have a winter or even more than 2 internships during the programme.
The first term
typically begins around June-July of an year. The second-third term would see
the process for Summer Placements wherein companies would visit campus to
select candidates for the internship after the third term. The internship is
typically in the months of April-May. At the end of the internship students may
get a placement offer (PPO or PPI) depending on their performance etc. during
internship.
A lot of B-schools
also have an exchange programme with various B-schools across the globe. As a
part of the exchange programme, the students get to spend a term (5th term) at
the selected B-school. This gives them an opportunity to develop cross-cultural
senstivity and better explore the country/region.
The sixth or the last
term marks the final placement process. The placement process for students with
work experience (typically more than 20 months) would already have been
completed by this time.
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