These days, management courses are among top choices of students willing to make a career in management field. Post Graduate management course such as Post Graduate Diploma in Management (PGDM) and Management in Business Administration (MBA). Students are always in dilemma of MBA vs PGDM. It is very difficult to decide between both the courses. Here is detailed information about both the courses-
POST GRADUATE DIPLOMA IN MANAGEMENT (PGDM)
- PGDM is a two year post graduate diploma course pursued by the students after the completion of graduation.
- It offers specializations in subjects such as Finance, Marketing, International Business, HR etc. It has a great scope as it provides knowledge about areas related to management.
- Candidates willing to take admission in PGDM must have passed graduation with a minimum of 50% in any stream from any recognized university.
- Entrance exam for PGDM are CAT/ MAT/XAT/ATMA and some state-level examinations like TSICET, MAH-CET etc.
- The average fee for this course is 1 lakh to 15 lakh per annum.
- Some of the subjects taught in PGDM are Management Functions & Behaviour, Human Resource Management, Economic and Social Environment, Introduction to Information Technology and many more.
- PGDM courses are determined by the individual institute. This gives certain flexibility to the course curriculum. Syllabus undergoes a change according to industrial requirements every year.
- Graduates can work as Account Manager, Marketing Manager, Recruitment Manager, IT Services Marketing Head, Business consultant, Public Relations Officer and Marketing Executive.
- The annual salary of an PGDM professional ranges from 3lac to 8 lac.
- Some of the recruiting organizations are McKinsey & Company, The Boston Consulting Group, Brain & Company, Deloitte Consulting, Booz Allen Hamilton, Accenture and EY LLP Consulting Practice.
Master of Business Administration (MBA)
- MBA is a two year post graduate diploma course pursued by the students after the completion of graduation.
- It offers specializations in Banking and Insurance, Digital Marketing, IT, Retail Management and Human Resources.
- Candidates willing to take admission in PGDM must have passed graduation with a minimum of 50% in any stream from any recognized university.
- Entrance exam for PGDM are CAT/ MAT/XAT/ATMA and some state-level examinations like TSICET, MAH-CET etc.
- The course fee of MBA is 1lakh to 20lakh per annum.
- Some subjects taught in MBA are Accounting and Financial Management, Business Economics, Corporate Finance, Human Resource Management, Leadership and Entrepreneurship, Management of Change and many more.
- In most cases, the MBA course curriculum is designed by the university. The core syllabus is pretty much the same in two MBA colleges under the same university.
- Graduates can work as Account Manager, Financial Analyst, Credit Manager, Retail Manager, Sales Manager, etc.
- The annual salary of an MBA professional ranges from 3lac to 20 lac.
- Some of the recruiting organizations are Deloitte, Avendus, ITC, EXL, Larsen & Tubro, JP Morgan Chase & Co., Saint Gobain
PGDM and MBA both are lucrative in their own ways so it is difficult to decide which one is better than the other. Students choose these courses for the betterment of their future in management field. With the help of this article students can get a better understanding of these courses and find a way to choose the best course for themselves.
