mba vs pgdm
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MBA vs PGDM
Everything has an expiry date, probably true with MBA. MBA is an old version for
those wanting to pursue management studies and now two-year diploma course
PGDM sounds better, as long it is approved by AICTE. Generally PGDM course is far
more industry oriented and practical as far as job market is concerned.
The decision a management aspirant has to make is the college or course he/she
wants to pursue.
I have been professor at one the of major B-Schools in India. With a bundle of
degrees on offer, students are tremendously confused. There is a perception MBA
(Master in Business Administration) is degree program whereas the other program is
diploma. This is where the confusion starts. Having taught both MBA and the so
called diploma programs, I can assure that as far as legal equivalence is concerned;
all two year programs approved by AICTE or affiliated to a University are the same.
There is not at all any difference in the acceptance of these courses. Yes, as far as
market acceptance is concerned I have noticed these days companies have more
faith on PGDM program. The reason could be that autonomous colleges focus
remains entirely on one program wherein universities offering 100s of courses may
not give that much of care to one.
Why PGDM?
Universities in India are extremely slow in revising their curriculum to the changing
industry demand. This is why we don't have an MBA in Financial Markets or in realestate, although these are the fastest growing segments. The PGDM on the other side,
is tailor-made and customized by the institute and is far more flexible. This makes it
possible for the college to continuously upgrade and improve the curriculum. That is
why the PGDM is far more industry oriented than MBA. The Question of Perusing
Higher Education Is PGDM valid for higher education? In India, all the awards of
PGDM from AICTE recognized institutes are equivalent to a masters degree. A
student can pursue her/his higher education like M Phil, PhD, or any other course
with the PGDM conferred by an AICTE approved institution.
How to select Management School?
The most and first important aspect in selecting a Business School is having good
faculty not infrastructure, which is secondary. Normally, these are the last two years
of formal education and average/ poor faculty may not be able to do justice to the
curriculum. The best designed course would not work with poor faculty. Aspirant
should visit the website of the concerned school and check out for the teaching team.
Search for education of the faculty, their previous work history, current consulting
contracts, research work etc.
PGDM vis a vis MBA course:
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Generally University based curriculums for MBA are out of fashion and not updated
very frequently. While PGDM courses keep updating almost every six months. I
appreciate few colleges like SPJain and, Taxila Business School and few more for
changing in curriculum almost every term to cater to the futuristic requirements.
One important decision:
Normally we spend more time researching on the features of the laptop or a
smartphone we buy than on the college we wish to make career with. Selecting an
Business School may be the most important decision in the life of an management
aspirant. You must not be swayed by the opinions and myths. A couple of hours
spent researching the school is a good investment. If possible, visit the school and
have a discussion with the faculty members and students. And keep in mind, Finally
PGDM programs from AICTE recognised institutes are better than MBA.
Kishore Sharma
Taxila Business School, Jaipur
www.taxila.in
email: [email protected], 09314487772