We all are conscious when it comes to making the right choice while deciding which course to take during the masters or postgraduate phase. India is a developing country with many emerging starts-up and enterprises with every now and then. With a progressive business market ahead, the students are looking out for various options and preferring to go with the ones that can benefit them career-wise.
A few years back, the only masters or postgraduate courses that we knew included M.B.A, M.S.C and M.COM along with few short-term diplomas. People nowadays no matter in which stream they are specializing whether it’s arts or commerce, they are willing to do their masters in business as it’s always been a booming field and a profit-making platform to learn and grow as an individual.
Masters of Business Administration
MBA is a two-year course where it covers all the management subjects in the first year and gives you the opportunity to specialize in a certain area in the second year. In India, the main subjects that are on offer when it comes to specialization are Finance, Marketing and Human Resource. At the end of the second year, the students are supposed to complete a project analyzing the various aspects in their concerning specific area of specialization. One disadvantage that the MBA course design has, is that the college or university where the students pursue the course are affiliated to that particular state university. For example, if you are pursuing your MBA in Chennai, the course will be affiliated with the state university college (Tamilnadu). There is no authorized standard uniform regulatory body or a standardized pattern on how the course should be designed and structured. Every university have their own way of teaching pattern, conducting exams and correcting the papers. So this leads to a lot of variations when it comes to the final results while one university might be really liberal and genuine, the other might be strict and have tough rules.
In order to make the Indian education standardized so that all the students pursuing them can have the same pattern, the national level counsel, All India Council for Technical Education which comes under higher education has come up with a similar course structure in management like MBA called as “Post Graduation Diploma in Management”. Students often get confused between MBA and PGDM thinking that PGDM is something that is not equivalent to MBA considering it as a kind of Diploma course.
Know about Post Graduation Diploma in Management
Just to let you all know, PGDM has higher standards as its affiliated by the national level council which makes the course autonomous. The course structure and the curriculum are all designed and approved by AICTE. With this standardized process in place, all the colleges have to follow their guidelines when it comes to the way of teaching, exams pattern and paper correction.
Our Government of India has started this initiative with the IIM (Indian Institute of Management) whose campuses are spread across different cities of India. Here the students are taught and given exposure on different areas dealing with management. This course completely grooms you to be an entrepreneur and teaches everything right from the start. It covers personality development and grooming along with the other key subjects and projects. The colleges also take you to various Industrial tour to show how things work outside in a company or a firm. The national council has made an effort to bring in some new change even in PGDM by adding different specializations in the recent times including
- Public Policy and Management
- International Business
- International Marketing
- Information Technology
- Entrepreneurship management
- Operations management
- Banking and Finance
So if you have completed your bachelors in studies and planning to pursue your masters, then we would suggest you have a thought about PGDM as well. In order to get the admission in one of the PGDM course structure at IIM’s or any other business school, you need to get a good score at the national entrance exam like CAT, GMAT or GRE. The standards are set high right from the admission point to make you work hard. In this way, the education system in India has improved, leading way to PGDM courses.