Visit any job portal, scour any classified section or get in touch with any HR agency the prerequisites to get a job with a decent pay package is surely an MBA degree from a qualified, well-reputed University. In India, the only real management institute reputation for producing quality graduates could be the Indian Institute Management or IIM, but IIM won’t have a diploma in MBA indexed by its course offerings.
What should trainees do in such a situation? Should an IIM graduate attempt to further his education at another institution to get an MBA degree holder? It definitely won’t be necessary because IIM offers PGDM.
Truth is the corporate world is on the lookout for industry-ready PGDM degree holders, which is MBA’s equivalent in India. Aforementioned originated in America, and was developed to aid students skills to survive a company environment. India appreciated the theory and tried to adapt it. However, the processes associated with updating university curriculum often restrict the interest rate and efficiency of universities providing the degree, hence the use of PGDM as an option to it.
It generated the emergence of AICTE approved management institutes offering two year Post Graduate Diplomas in Management Studies. Provided that an institute is approved by AICTE, the PGDM it includes becomes equivalent to an MBA available from an excellent. The truth is an article Graduate Diploma in Management Studies is really more industry-relevant than an MBA, and since they’re available from autonomous institutes they are not bound by the processes and rules in the University. The curriculum can be continually improved to keep up with the stress from the corporate sector.
While the corporate sector continued to seek PGDM degree holders the phrase ‘MBA’ remained together with their heads, when job descriptions demand MBA degrees whatever they really seek are industry-ready, aspiring managers.
To determine the reply to the question, which is best PGDM or MBA it may help to adopt a simple look at the differences relating to the two. The most important and many prominent differences is the fact that only Universities will offer an MBA course. All the other management institutes, no matter how reputed, offer PGDM courses. MBA by structure can be an exam-oriented approach and focuses read more about the theoretical aspects of Management Studies. A PGDM course, conversely, is more industry focused and adopts a hands-on approach. This is why corporations often choose the latter within the first. PGDM course is updated regularly to adapt to modifications in the business enterprise whilst modifications in the MBA curriculum might be slow. Even though rogues course is globally recognized Post Graduate Diplomas in Management Studies degree holders can purchase AIU certificates validating the management institute which includes conferred the degree.
In the event the final goal is always to dive into the thick of the business enterprise with the necessary abilities and confidence, PGDM could be the solution & question, which is best PGDM, or MBA?’ is no question that needs to be answered, though the question of which relating to the two does the corporate world needs. In fact, it isn’t what’s written in some recoverable format that matters, however, the value your education and skills can improve the existing systems in the business enterprise.
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