Most aspiring managers who want to pursue management studies to give a boost to their careers are very often a confused lot. Which is the best? Well, professors say the course value depends on the institutes than the degrees itself. Today, students want to get maximum return on their fees and hence do everything it takes to get a degree from one of the renowned B-Schools of the country. An MBA from a recognised University or PGDM (Post Graduate Diploma in Management) from top Institutes like IIMs, XLRI, Symbiosis, JRE School of Management, New Delhi Institute of Management(NDIM) or such top B-Schools has a brand value and are readily accepted by the industry.
“An MBA is for those who seek a university programme to get a holistic approach of the programme while the PGDM is for those who seek specialization in the area of their interest, “says V. Venkataramana, Dean, School of Management Studies, University of Hyderabad. “Top varsity colleges are trusted as they have experienced faculty and established course curriculum while PGDM has a focus on building soft skills and is corporate-oriented. It prepares you well for Job perspective.
“As far as industry is concerned they recognize talent from the institutes rather than bothering whether it’s an MBA or PGDM”, says B. Srinivasa Rao, Associate Professor. However, one thing that really confuses them is to go for a MBA from a recognized university or PGDM (Post Graduate Diploma in Management) from B-Schools.
Content wise there is not much difference but MBA will not have recognition problems for those going abroad while PGDM students have to be doubly sure of taking the equivalence certificates.
Earlier, a PGDM was not recognized for higher studies like M.Phil or Ph.D that seek a degree as a pre-requisite. But now PGDM certificates of some top institutes like JRE School of Management, NDIM and IMS Ghaziabad are also being considered equivalent to MBA for higher studies.
But the faculties believe that MBA is not an end in itself but a means. As senior management professor of OU, A. Vidhyadhar Reddy explains, an MBA degree helps students develop skills in various spheres like finance, operations, economics, teamwork, ethics and leadership. He says one should use the programme to develop network with alumni, business and community leaders that help in career growth.
While choosing the institution, faculties’ advice that, aspirants should look for the brand of the business school. The brand signifies its established practices that provide better learning environment for personal growth and its networking help students reach its alumni and industry easily. A powerful brand is a tag that can be carried throughout the career.
Some colleges especially in Delhi-NCR, for example, has been serving PGDM course as Jaipuria Institute of Management, JRE School of Management, Greater Noida, JIMS Kalkaji, Asia-Pacific Institute of Management etc. has made no compromise in quality of the curriculum or content. The organization has established a well renowned brand image for PGDM course in the minds of students as well as corporate.