When it comes to choosing a career path for your future, it’s a no-brainer that you can’t just progress ahead with anything that comes first in your mind. Moreover, being a student and having a lack of information about different industry verticals makes the process even more intimidating.
Decisions like choosing a career path and college should be made very carefully because this will be deciding your future in this big world. Students in India always demand a fulfilling career path with a broad scope, and Global MBA is certainly one of the most preferred choices of all time.
However, nowadays, there’s an equivalent course gaining swift popularity lately, known as PGDM. It also appears to be growing as a preferred career choice for students in India. Both of these courses aim to help you learn about leadership and managerial positions, along with their importance.
Although both of these fields have several academic differences, they are ideal for some good placements. In this article, you’ll understand the difference between PGDM and MBA, and determine what’s better for you.
MBA and PGDM – A Brief Introduction
Approved by the University Grants Commission, the Masters in Business Administration is a post-graduation course longing for two years. With over 6,000 universities offering MBA courses, it is a very lucrative career opportunity that often leads to higher salaries.
Generally, the curriculum of this course is changed every five to ten tears, and a lot of well-recognized institutes offer this course in various specializations. Talking about PGDM, it’s also a two-year course for post-graduation, provided by several Business schools in mumbai.
It’s very similar to an MBA degree and offers the ability to do it as a part-time course or distantly. Both state and central universities offer PGDM courses, and its curriculum is similar to that ofMBA. However, PGDM follows a slightly more practical approach towards management training.
MBA or PGDM – Which is Better?
Now when you know about the macroscopic differences between PGDM and MBA, you should consider having a look at the admission requirements to determine which one fits the bill for you. Additionally, you also need to research the reputation desired pgdm colleges in mumbai.
Recruiters always conduct a background check of your university to determine whether you’re an ideal candidate for their company or not. With that said, let’s take a look at factors that may help you decide whether you should proceed in your academic career with MBA or PGDM:
Career Goals
After gaining a postgraduate degree in PGDM, you can choose career opportunities like Project Manager, Data Scientist, Consultant, and so on. On the other hand, the MBA course includes opportunities like Business Analyst and Sales Manager.
Depending on your interests and skills, you need to determine whether you should proceed with PGDM orMBA. Make sure you research the career opportunities and scope of both these courses before making a decision.
Budget
The admission fees for both the courses vary significantly. Therefore, you need to make sure that you keep your financial capabilities and budget in mind before choosing a particular course. This will ensure that your post-graduation doesn’t face any hurdles in between.
College Ranking
As stated above, the reputation of your desired college can greatly impact your placements. Depending on your travel preferences and location, you need to choose a college with a good reputation in the field for better opportunities in the future.
The Takeaway
While MBA covers topics like human resource, finance, business ethics, and so on, PGDM is considered as an equivalent to the former, but with slightly more expenses. Each of these courses allows you to work in management-related roles, depending on the stream that you pursue such as PGDM Marketing.
With the tips and factors stated above, you can easily determine what’s better for you – PGDM or MBA. They both offer a wide range of career opportunities, based on the reputation and rankings of your chosen college in the industry.