Most aspiring candidates who want to get management education to confer a boost to their careers are perplexed a lot. They wish to get the greatest return they had given for fees and thus do the whole thing to get a degree from the prominent B-Schools of India. While making an attempt to get it from IIMs, XLRI or Symbiosis, aspirants are interested to spend time and money as much as needed. They adhere coaching classes, practice a lot and appear for mock Interviews to lead good results.
However, one thing that creates great confusion in the mind of aspirants is to select MBA or PGDM to pursue higher education. The questions that puzzled the minds are: What is the Difference between MBA and PGDM and Which Is A Better Career Option? The answer is here. Let’s have a look below…
Difference between MBA and PGDM
MBA- a University Program:
In India only institutions of management education which are associated to University can award a MBA degree. Institutes such as Department of Management Sciences (PUMBA), University of Pune, Jamnalal Bajaj Institute of Management Studies can provide MBA degree due to their affiliation to Pune, Mumbai and Delhi University correspondingly. Moreover, IIMs, though a best Institution, can’t provide MBA as they are not associated to any University. Institutes which are not associated to any University are independent and can proffer PGDM degree.
Divergence in focus of program of study:
While there is enormous alikeness in the set of courses of both MBA and PGDM, there are dissimilarities too. While MBA is based on theoretical aspects of management and is exam-directed, PGDM relies on building soft skills and making an individual industry-oriented. It gears a person for the job market.
PGDM with flexible Curriculum:
Since a self-governing institution need not chase University standards, it is open to amend its program of study according to industry standards and transform in business environment. Furthermore a PGDM offers an industry revelation. While it will take time to modify the program of study for MBAs as it is allied with a University. Also it will fundamentally follow the university norms and altering this course is a very deliberate procedure.
In comparison to PGDM, usually MBAs are more inexpensive as the charge is about identical to university standard. You can obtain an uneven idea if you collate the charge of IIM and FMS.
Distinction in Emphasis:
A MBA will assist in enhancing technological skills and business knowledge while a PGDM will conceive Graduates for senior level designation in industries and create the approach for a strong corporate career. Thus, if you’re searching for a career in the formidable area of management, you must prefer PGDM.
Which Is A Better Career Option?
Both MBA and PGDM are admired programs pursued by huge numbers of candidates in India. It mainly depends on the individual prospects to determine which one to provide more weightage. Though the program for MBA is intended by Universities, PGDM program of study is regulated by the related Institutes. Several Private Institutes do not admit affiliations from universities so that they may prepare an industry-specific working syllabus. This provides them an opportunity to make their program up to date. Conversely, a MBA degree must pursue all the conventions set by the higher authorities for performing changes into the course outline according to University Council.
However, one should keep in mind that it is not significant whether a student go for PGDM or MBA. The institution from where it is pursued is of utmost importance and enhances their employability. Contenders who wish to get good career opportunities they must pursue management studies from reputed and recognized college which provides good placements.
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