Before we stress about deciding between MBA and PGDM, the more important thought is to understand our individualized grail and get crystal clear of the things we desire. If ruling the corporate is on our wish list, choose B-school/MBA institute without hesitation.
The selection of the B-school of your choice should be based on ranking, educational program, and, most importantly, placements. On the other hand, PGDM amplifies to Post Graduate Diploma in Management, where the word Diploma leads to a lack of certainty. Both MBA and PGDM are equally good with their exceptional standards, and the only difference is the name. It is of most importance to understand how both the courses differ from each other and their aptness.
Most people think of undertaking an MBA or PGDM to learn further and polish their existing skills. Trailing both the courses of study helps the individual in professional growth, achieving higher designations, and earning a bigger salary. Suppose your ultimate growth goal is another academic qualification at an affordable cost. In that case, MBA fits your requirement perfectly, whereas the PGDM courses' costs are quite high compared to MBA.
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The course structure of PGDM is more industry-oriented than compared to MBA. PGDM provides certain specialization courses that suit our area of interest. A wide variety of options are available, like specialization in Marketing, Finance, and Human Resource Management, to name a few. In many reputed institutes all over the globe, PGDM students are preferred over MBA students only because of the practical insight offered by PGDM.
MBA students are more theoretical people and are often seen as bookworms. The skills and tactics of real-world business are taught in MBA, whereas in PGDM, students are given a chance to be exposed to real-world business. This is done by meticulous classroom studies, meetings with top business tycoons, well-programmed internships, etc. This expertise helps the students to come out of their comfort zones and blend into the business environment to make them job-ready.
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Academies with PGDM courses provide appealing and tempting placement offers since they are self-governing. Contrary to this provision, MBA doesn’t guarantee a job, and you have to struggle to get a handsome placement. The faculty and teachers are more knowledgeable as they are offered remunerative salaries, whereas MBA colleges are under the outdated jurisdiction of the universities. One has to clear the head and opt for the appropriate one that fulfills all the candidate's requirements.
Although the parameters of comparison between MBA and PGMA may vary in institutes abroad because of a different education systems altogether. The key parameters for choosing the right B school irrespective of the course are:
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