MBA or PGDM Which has More Value as per Career Prospective
There is no denying the fact that there has been a rise seen in the corporate culture at the same time encouraging all the entrepreneurs in India, which will lead to more and more students opting for management studies.
For any student to apply in an MBA programme or PGDM program, there are various options. In fact, in Delhi/NCR regions you can easily find close to 3,500 management institutes that offer a wide range of courses that come under the same umbrella– MBA in Delhi. However, many Indian students often find themselves faced with the choice of two such courses, namely MBA and PGDM.
Usually, students are often confused between the two and contemplate about MBA or PGDM which has more value. To help you with that below lies a few points that will clear your head.
1) Decoding the Terminology
The primary purpose of both the courses is to train you for managerial and leadership positions, although there are quite a few technical differences. The most prominent amongst these are the formal names of each. MBA is short for Master of Business Administration- It is basically a post-graduate degree. On the other hand, PGDM, which stands for Post Graduate Diploma in Management, is, in fact, a diploma degree.
2) Affiliation and Accreditation
As we know, MBA is a degree and can only be offered by universities and institutes that are affiliated and has their curriculum accredited by the University Grants Commission (UGC). Whereas when talking about autonomous bodies like IIMs are not authorized to offer a degree. On the other hand, postgraduate courses in Management is recognized as a diploma and is regulated by the All India Council for Technical Education (AICTE)
3) Academic Differences
The most important factor that you need to keep in mind before jumping into any conclusion is the academic difference. Keeping the mentioned above points in mind, you know that both the courses aim to train you in management and administration, but their approach towards education differs significantly. When talking about an MBA, it tends to focus more on the theoretical side, whereas PGDM focuses on the technical aspect which helps provide aspirants exposure to real-life business solutions.
However, a PGDM is very different when you compare it with one year PGP offered by many private institutes all across India. Another major perk that comes along with PGDM is, as it is being provided by autonomous institutes, the curriculum can be easily upgraded more frequently to include the new changes and trends in business management.
Hence, if you want to pursue PGDM degree or one year MBA in India, you can enroll yourself in SOIL(School of Inspired Leadership). It helps you build a secure future by Building Competence by focusing on whole systems thinking, innovative curriculum & Learning design, Learning spaces that deploy multiple intelligences.
They also conduct mentoring sessions and live projects with industry leaders. Case Study based teaching methodology with a focus on Marketing, Finance, Strategy, HR, Operations, Data Analysis & Entrepreneurship.