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Hi,
While there is no clear cut comparison between the two institutes as both institutes are really good in every aspect, there lies a few distinct things about each you should know:
IIMA’s flagship program is 2 year PGDM whereas 1-year PGPX is not the flagship program of IIMA. Hence if you are comparing ISB's flagship one year MBA program with 1 year program of IIMA, it is not a logical comparison. Generally, non-flagship programs are not given that much importance as compared to the flagship program.
Although the choice is simple, If you're a fresher and looking for an MBA, you should go for IIMA. But if you have 2–3 years of experience ISB would be a better option.
Hope it helps.
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