Recently I happened to visit a friend of mine who is a career counsellor. It was amazing to see that her office was crowded with young graduates seeking guidance for their further studies. These young people were mainly management graduates, who were in dilemma to choose MBA or PGDM[/b] (Post graduation diploma in Management). It is very normal for a management graduate to get confused as they have numerous choices, once the complete their graduation. It is common notion that PGDM is different from MBA. As such there is no major difference between PGDM[/b] and MBA course[/b]; it is only the affiliation of the respective colleges that distinguishes the two courses.
MBA colleges[/b] are affiliated with the university, moreover the entrance exams for this course is conducted by the state governments where the universities are situated, while PGDM[/b] is offered only by the autonomous institutes which are approved by All India Council for Technical Education (AICTE). To make it simpler for better understanding, we can say that IIM is a PGDM college in Ahmedabad [/b]as it is an autonomous institute approved by AICTE, while B.K. School of business is a MBA college in Ahmedabad affiliated to the Gujarat University
Nowadays, graduates prefer PGDM[/b] programme instead of MBA, a major reason for this inclination is the flexibility of the syllabus and the expenses.
PGDM colleges[/b] in India are not affiliated with any universities; rather they are autonomous institutes, where the management council consists of both the academic and industrial think-tanks. These people are well aware of the current business norms, so the syllabus is frequently updated keeping in line with the changes in the competitive world of business. Thus, the students in PGDM[/b] become more acquainted with the contemporary business trends, whereas their counterparts in the MBA colleges[/b] have to study the unrevised syllabus, as these colleges have to follow the patterns followed by the universities. The syllabus in the MBA colleges[/b] is revised every 3 to 4 years or sometimes even in 8 to years.
The syllabus is the universities hardly undergo any revision or up gradation. The students of MBA course[/b], due to the lack of upgraded curriculum are unable to adapt to the ever changing market scenario. PGDM colleges[/b] in India offers specialization in different subjects, thus it opens up numerous options for the students offering a better scope for good industry placement as these students have the versatility and knowledge of different purviews.
Nowadays, many companies look out for candidates who can meet the demands of the international business community and handle the pressure of the cut throat competition in the corporate world. This is the reason why they prefer students with PGDM[/b] over the MBA students. The students of PGDM colleges[/b] are able to cope with the new challenges arising in the corporate world, as these students are in sync with the latest business trends and have a sound knowledge of various purviews of the business. Moreover, unlike the enrolment in the MBA colleges[/b], the enrolment in PGDM courses[/b] is purely merit based. Due to this the students are more competent. Besides, some small and medium scale industries find the MBAs too expensive to hire.
It is quite expensive to study in MBA colleges[/b]. The annual fees and other hidden expenses are more for the MBA.
There are many advantages of pursuing PGDM[/b] instead of MBA; however it is true that MBA has its own advantages. An MBA gets more salary as compared his counterpart with any other qualification; apart from this an MBA get has more scope for career advancement.
A student should analyse his calibre to decide whether to go for MBA or PGDM[/b] after graduation.
Summary[/b]
It is very common for management students to have apprehensions while thinking about post graduation studies. A comprehensive study can help to come over the dilemma.
MBA colleges[/b] are affiliated with the university, moreover the entrance exams for this course is conducted by the state governments where the universities are situated, while PGDM[/b] is offered only by the autonomous institutes which are approved by All India Council for Technical Education (AICTE). To make it simpler for better understanding, we can say that IIM is a PGDM college in Ahmedabad [/b]as it is an autonomous institute approved by AICTE, while B.K. School of business is a MBA college in Ahmedabad affiliated to the Gujarat University
Nowadays, graduates prefer PGDM[/b] programme instead of MBA, a major reason for this inclination is the flexibility of the syllabus and the expenses.
PGDM colleges[/b] in India are not affiliated with any universities; rather they are autonomous institutes, where the management council consists of both the academic and industrial think-tanks. These people are well aware of the current business norms, so the syllabus is frequently updated keeping in line with the changes in the competitive world of business. Thus, the students in PGDM[/b] become more acquainted with the contemporary business trends, whereas their counterparts in the MBA colleges[/b] have to study the unrevised syllabus, as these colleges have to follow the patterns followed by the universities. The syllabus in the MBA colleges[/b] is revised every 3 to 4 years or sometimes even in 8 to years.
The syllabus is the universities hardly undergo any revision or up gradation. The students of MBA course[/b], due to the lack of upgraded curriculum are unable to adapt to the ever changing market scenario. PGDM colleges[/b] in India offers specialization in different subjects, thus it opens up numerous options for the students offering a better scope for good industry placement as these students have the versatility and knowledge of different purviews.
Nowadays, many companies look out for candidates who can meet the demands of the international business community and handle the pressure of the cut throat competition in the corporate world. This is the reason why they prefer students with PGDM[/b] over the MBA students. The students of PGDM colleges[/b] are able to cope with the new challenges arising in the corporate world, as these students are in sync with the latest business trends and have a sound knowledge of various purviews of the business. Moreover, unlike the enrolment in the MBA colleges[/b], the enrolment in PGDM courses[/b] is purely merit based. Due to this the students are more competent. Besides, some small and medium scale industries find the MBAs too expensive to hire.
It is quite expensive to study in MBA colleges[/b]. The annual fees and other hidden expenses are more for the MBA.
There are many advantages of pursuing PGDM[/b] instead of MBA; however it is true that MBA has its own advantages. An MBA gets more salary as compared his counterpart with any other qualification; apart from this an MBA get has more scope for career advancement.
A student should analyse his calibre to decide whether to go for MBA or PGDM[/b] after graduation.
Summary[/b]
It is very common for management students to have apprehensions while thinking about post graduation studies. A comprehensive study can help to come over the dilemma.