An MBA or a PGDM? Does it really matter?
As students, let us ask ourselves only one question before we make our final decision.
“At the end of the day and the course of course – what will I gain?”
It does not matter whether we finally end up doing an MBA or a PGDM.
Advantages of an MBA or a PGDM:
Higher education adds value to a person’s character because it is an investment of time, money and effort. They reap the rewards later on by getting a better job with a better salary and position.
A bachelor’s degree equips students with subject expertise. Business management complements this perfectly giving them an edge throughout their career.
Specialized skills are honed so that the students are able to tap into the pulse of the market and cash in on unique, niche sectors and segments where they can put their knowledge and management skills to full use.
Students get to explore, analyse and study specialized lines like luxury management, health management etc.
They realize the value of marketing their skills, talents and knowledge and adapt to the world of business.
They learn to take calculated risks, err on the side of caution and take crucial decisions with a level head.
Many students are opting to become entrepreneurs and an MBA or a PGDM is ideal for this.
They understand the dynamics of an ever fluctuating market and know how to work their way out through this hazy maze! J
They get exposed to marketing, finance, operations, systems, human resources, communication, presentation, analysis etc.
|A word of caution:
Students with an MBA degree can pursue higher studies from any university.
Students who are pursuing a PGDM may not have this option. For instance, all IIM graduates get a degree which is considered equivalent to an MBA and they can pursue higher studies in India and abroad. But this may not be the case with all colleges offering a PGDM course.
PGDM in an autonomous college:
The entrance exams for such colleges are quite tough. So students who do crack such exams gain the advantage of studying with highly intellectual students.
The course curriculum is quite rigorous and is revamped and updated regularly to make it industry relevant.
Such colleges garner a world class reputation for themselves by exposing their students to the right challenges and equipping them with the right management skills.
MBA in a University:
An MBA course equips the students with a holistic approach to business.
The university syllabus is revised or updated once in 3 or 5 years.
The books are changed and the faculty members upgrade themselves every 3 or 5 years.
However, there are quite a few extremely reputed colleges where the MBA degree that the students get is considered to be quite valuable.
Let’s simplify this. Management is a useful skill, tool and asset.
As mentioned earlier, at the end of the day, the course does not matter. The values matter. And the values that the students gain depend directly on the reputation of the institution. Most students appear for almost all the entrance exams of colleges offering good courses or courses that they are particularly interested in. They are happy to get admission in any course as long as the college has a decent reputation and the course has good career prospects. Either way, they do know that they get an edge over others when they do this course. They understand that they may end up learning different things. The reality may rarely match their expectations or dreams. They make such compromises willingly because they know it is all a part of the game called life!