Confused
between MBA and PGDM course? Both these courses provide you best career options
in your future. Most of the students are in dilemma that whether to choose
masters or diploma or which one has a good career life. To increase your
confusion some business schools claims that MBA and PGDM are equivalent. In
order to know the difference you should first know what is MBA and PGDM
individually. Then you can easily get to understand how MBA is different from PGDM.
What is MBA?
MBA
stands for masters of business administration. It is always preferred to have a
master's degree after bachelor's degree. MBA is preferred over other master
degrees since it is quite easy as compared to other master degrees. MBA is a
two year programme affiliated by Indian universities and recognized by UGC.
After MBA you certainly have a master's and bachelor's degree which are nowadays
required by companies for jobs.
In
MBA you learn about companies’ financial techniques, its marketing strategies
and finance fields. MBA makes you creative and productive for a company's
fruitful future. MBA degree helps you grab highest paying job. MBA has lots of
benefits in it then let it be better position, better salary or better career
scopes. You get to apply all the theories you learnt in real work situations.
If you don't want to work you can even continue for higher studies after MBA. A
list of benefits after MBA is given below-
·
You get a Master's
degree.
· For research line MBA degree is first preference.
· After Master's one can get better career option.
· It provides you a holistic view of study programme.
· No recognition problems since all the MBA offering colleges are approved by UGC.
· MBA helps students in developing business and accounting skills.
· For research line MBA degree is first preference.
· After Master's one can get better career option.
· It provides you a holistic view of study programme.
· No recognition problems since all the MBA offering colleges are approved by UGC.
· MBA helps students in developing business and accounting skills.
What is PGDM?
PGDM
stands for Post Graduate Diploma in Management. It is said to be equivalent to
MBA but it’s not a degree it is a diploma. PGDM is a one year course after
which you can directly take admission into second year of MBA. Many of us
ignore it because we see a diploma word used in it. In PGDM faculty members
develops your "senior level position" skills for a strong corporate
career. In PGDM students are given an industrial exposure, you get to see and
learn directly from the industrial members. PGDM are not affiliated to any
universities but they are approved by AICTE. Studies of PGDM are almost same as
that of MBA but in addition to theoretical subjects your job skills are also
taken care and developed.
·
PGDM has a flexible
curriculum.
·
It gives you specialization
in the area of your interest.
·
It focuses on your job
skills as it is industry oriented.
·
It gives you deep
knowledge about business and management techniques followed by industries.
Dr.
Kaimkar says, “If you have any MBA degree or PGDM certificate and no knowledge
about them your degree and diploma as well will be considered as a mare piece of
paper”. So study well as knowledge will decide who you are not that paper.