Direct Admission Top Delhi-NCR MBA Colleges Placement Review
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Why few offer M.B.A and rest offer PGDM?
As per the law in India, only a University can offer degrees such as the M.B.A, BBA, B.Tech or B.E. Any educational institution which is not affiliated to a University cannot offer a degree. So institutes like IIMs, XLRI, NITIE, MDI etc. which are the autonomous bodies and run independently, cannot offer M.B.A degree and hence offer the PGDM / PGP.
PGDM / PGP
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PGDM expands to Post Graduate Diploma in Management, while PGP is Post Graduate Program Diploma. And all the confusion starts when you see the term Diploma. Yes, you read it right – this is Diploma and not exactly a degree in technical terms. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (not affiliated to any University) and conducts management courses, then such Institutes cannot offer M.B.A degree. Even IIMs, XLRI’s doesn’t offer M.B.A degrees; they only give PGP Diploma.
Despite offering PGDM / PGP, autonomous colleges have their advantages
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Autonomous institutes may design their own curriculum to be taught and upgrade it regularly instead of following outdated University syllabus. Reason for university syllabus being outdated at times is that it changes once in 3 or 5 years; which certainly is a deterrent in Management arena, where the industry and technology is rapidly changing.
While one may say that PGDM courses are more Industry relevant, up to date as compared to M.B.A courses; some of the University M.B.A Programmes have earned a huge brand values in India. Such M.B.A programmes which have earned reputed brand image are led by Delhi University’s M.B.A programme offered by FMS Delhi. It is today among top 4 colleges in India. This is followed by the M.B.A degree offered by Symbiosis University and Narsee Monjee University.
Read: Direct MBA Colleges in Pune with Low Fee Structure
How does M.B.A or PGDM Impact your career?
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Indian Context
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In purely an Indian context, there is NO DIFFERENCE when it comes to how the industry treats PGDM and M.B.A graduate. If you see, 9 out of top 10 B Schools in India offer PGDM / PGP and not M.B.A. This is the testimony to the fact that there is no difference between the two in India.
Career growth is same in both, and to be true career growth is dependent on individual’s performance and not on the name PGDM or M.B.A. Starting packages are dependent on college’s name and brand, not whether it offers M.B.A or PGDM and that is why you see most of the top B Schools in India offer PGDM/PGP and only couple of colleges offering M.B.A degree compete with them.
Global Context
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Let us divide the analysis in Global context in two parts: Jobs perspective and Higher Education (like PhD or double M.B.A) perspective. From job perspective, there is no difference even in global arena, especially if you are coming from a reputed B School of India. What matters more is the brand perception of institute, alumni base and how the respective industry treats your institute. Name of degree, M.B.A or PGDM doesn’t matter.
However, when we talk from the perspective of Higher Education; yes there is a difference and having an M.B.A degree helps you a bit more as compared to having a Diploma (PGDM / PGP). Though, the difference is miniscule of just a point or two when it comes to the evaluation of your application form for higher education as M.B.A gets you marked against Master’s Degree while PGDM/PGP gets you marked against Masters-Diploma.
So, if you are not looking for higher studies, then whether you have M.B.A or PGDM doesn’t matter. What matters is you are coming from which college, its industry perception and similar aspects.
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Highest-paying jobs for M.B.A graduates: Statistics
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Here are some interesting numbers on M.B.A majors and salaries that the survey revealed.
Strategy
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M.B.As with a specialization in Strategy earned the most (ranked by mid-career salary) among those holding a degree in business management, according to PayScale. The median early career pay (0-5 years) was $96,000 (figures rounded to the nearest thousand) and mid-career pay (10 or more years) $149,000. The gender distribution in PayScale’s sample was 71 percent men and 29 percent women.
Top jobs and salaries: Management consultant ($78,000-$166,000), senior product manager ($71,000-$174,000), senior strategy manager ($76,000-$209,000), strategy consultant ($130,000), chief operating officer ($135,000), senior marketing manager ($133,000), business consultant ($90,000)
Salaries/experience: Less than one year – $75,000; 1-4 years – $77,000; 5-9 years – $99,000; 10-19 years – $130,000; > 20 years – $160,000
Salaries/men-women: Men – $72,000-$148,000; women – $52,000-$135,000
Salaries/school: Kellogg – $168,000; NYU Stern – $164,000
Top employers/salaries: PricewaterhouseCoopers – $136,000-$185,000; Booz, Allen, and Hamilton – $123,000; Google – $120,000; Amazon – $107,000-$152,000; Intel – $76,000-$124,000
Top cities: New York, Chicago, San Francisco, Washington, D.C., Seattle
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General and strategic management
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M.B.As with specialization in General and Strategic Management were second on the list of business majors/fields with the highest-paying jobs. Their median early career and mid-career pay were $85,000 and $146,000, respectively. The gender distribution in the sample was 67 percent male and 33 percent female.
Top jobs/salaries: Chief executive officer ($90,000-$350,000), management consultant ($73,000-$175,000), senior vice president (operations) ($235,000), senior marketing manager ($133,000), senior business analyst ($67,000), vice president / general manager ($165,000), product management director ($145,000)
Experience/salaries: < 1 year – $50,000; 1-4 years – $84,000; 5-9 years – $104,000; 10-19 years – $114,000; > 20 years – $159,000
Salaries/men-women: Men – $66,000-$157,000; women – $51,000-$120,000
School/salaries: HBS – $178,000; University of Illinois at Urbana-Champaign – $12,000
Employers/salaries: Visa – $145,000; Amazon – $130,000; Slalom Consulting – $121,000; Booz, Allen, and Hamilton – $101,000
Top cities: Chicago, San Francisco, New York, Boston, Seattle
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