Benefits of MBA Degree & Differences between MBA - PGDM

MBA degrees require 2 years of postsecondary education. It has become one of the most popular postgraduate degrees in the last few decades. An industry survey reported that 86% of companies prefer to hire MBA graduates. There has been a dramatic increase in the number of MBA/PGDM graduates hired by leading companies.

Why should you pursue an MBA/PGDM

MBAs are more likely to obtain lucrative salary packages since they have high credibility, are extremely confident, and can influence other workers.

The salary packages of people with MBA degrees are more likely to be lucrative because they possess a high level of credibility, they are extremely confident and able to influence others, in turn, this leads to higher salaries.

Exposure to Different Cultures:

During the course, students will work together, play role-playing games, and develop their overall personality. It is important to build rapport with people from different cultural backgrounds. The more you mix with different cultures, the more creative and understanding you become.

Open up global employment opportunities:

Globally recognized, the MBA/PGDM opens up more chances for employment in global markets.

Become your own boss:

A MBA/PGDM can help you achieve your goals if you are planning to start your own company. You will gain knowledge about business administration and develop leadership skills during your studies. During your studies, you will have the opportunity to observe and learn in writing business plans & marketing campaigns, forecast accounts and schedule production.

Networking:

Alumni meets are regularly organized by Top Business Schools for their current students to network with their former graduates. Moreover, they gain access to the experiences of their seniors, which boosts their networking capabilities.

Self-Growth:

You may drastically change your perspective both personally and professionally when you interact with faculty and peers, participate in student activities, and study case studies. Graduating from a business school often leads to the discovery of a new person inside.

The MBA/PGDM degree program is the most versatile degree program in the world. Graduates of business schools are often the first choice of multinational corporations. MBA/PGDM graduates are highly paid executives because of the rigorous training, industry exposure, and competitive advantage they gain.

M.B.A. (Master of Business Administration) is a degree, whereas PGDM (Post Graduate Diploma in Management) is a diploma program. UGC regulations allow colleges and universities affiliated with a university to offer MBA degrees. Post Graduate Diploma in Management (PGDM) programs can be offered by private or autonomous business schools that are not affiliated with any university.

So, even apex institutions like IIM, XLRI, and SPJIMR offer PGDM degrees rather than MBA degrees since they are independent and not affiliated with any university. In this way, there are no differences between PGDM and MBA courses.

MBA or PGDM: Which is better?

A MBA degree will give you a theoretical understanding of management practices and concepts. In order to get into research, you may need theoretical knowledge. MBA syllabuses are also not altered very often because colleges that offer MBAs lack the authority to do so. As a manager, this can be a deterrent, since business environments are very dynamic and full of sudden and unexpected changes. Thus, MBA degrees are more academic and theoretical in nature.

You will receive efficient training from an above average business school if you do the PGDM programme at an above average business school. PGDM programmes are more practical in nature. The PGDM programme in an autonomous business school will be structured to suit the real business environment, as autonomous schools are free to change their syllabus.

Divi Educare is a leading MBA admissions consultant in Delhi, established in 2001. Our services have been made available to a leading management institutes in Delhi by partnering with them. We invite you to contact us at 8130409394 if you would like to learn more.