Top Delhi MBA/PGDM Colleges Direct Admission
In this article, we will discuss the business education degrees (or non-degrees) in India, their similarities and differences– MBA vs PGDM, MMS, PGPM and PGDBM. We provide ad-mission guidance in Top Delhi MBA/PGDM Colleges Direct Admission through Management Quota Seats for 2024 Session. Less seats are there and Register immediately.
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M.B.A vs P.G.D.M, PGDBM, PGPM, MMS: A Comparison
One rather crucial feature that is not lacking for all prospective business apprentices is options. If anything, these would-be students are bombarded with so many choices of business degrees that it’s almost too easy to get lost and confused, as witnessed by the scores of questions, crying out what should I do next, is this program right for meor will this degree put me in the league of extraordinary gentle(wo)men?
And what do you do when there are equivalent degrees with alternate names, or alternate degrees with equivalent names? Puzzled yet? And what if some of them aren’t degrees at all? Before you pull your hair and proceed to a premature baldness, let us intervene and help you demystify the world of business education for you.
While PGDBA (Post Graduate Diploma in Business Administration) also falls in the same league, we’ve left it out intentionally to avoid confusion, since some business analytics programs also use the same acronym (Post Graduate Diploma in Business Analytics).
M.B.A – Master of Business Administration
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There is not a whole lot more we can say about this degree that has not been already said before in our previous articles. Nevertheless, to reiterate a few salient points, an M.B.A degree is a popular academic entry into the business profession. It lays the foundation for basic business education, its specializations, and provides intellectual growth through practical training. In India, The M.B.A degree is exclusive to universities, or institutes granting the degree in affiliation to universities, owing to education regulations in India, only allowing universities the right to offer degree courses like Master’s.
Read: Top Delhi-NCR MBA Colleges Management/NRI Quota Admission
Program Type: 2-year Degree course.
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Academic Focus: The curriculum, in M.B.A programs in India, tends to be more technical and theoretical in nature.
Cost: An M.B.A program, in India, is significantly cheap, especially if directly granted by a university. Affiliated programs may be somewhat more expensive but still far more reasonable than international M.B.A degrees. In any case, M.B.A is still cheaper than P.G.D.M. In the interest of clarity, an M.B.A from the Faculty of Management Studies (University of Delhi), will cost an academic fee of about INR 1,00,000 ($1,500), for the entire program.
Eligibility:
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Undergraduate from a recognized university, an institution of national importance, or a foreign university with blessings from the Association of Indian Universities (AIU). Candidates should have secured a minimum score of 50%. Candidates are well advised to research the university specific aptitude testing criteria. Final selection is contingent on success in group exercises, interviews, writing ability test, and previous academic record. (Enroll Top Delhi MBA/PGDM Colleges Direct Admission 2024 Year)
Some form of aptitude test, such as the Symbiosis National Aptitude Test (SNAP), the Common Entrance Test (CET) conducted by the Government of Maharashtra as part of their Centralized Ad-mission Process, or even the scores of CAT, CMAT, GMAT, MAT, XAT, ATMA, etc. (Enroll Top Delhi MBA/PGDM Colleges Direct Admission 2024 Year)
Institutes: Symbiosis Institute of Management (Pune), Faculty of Management Studies (University of Delhi), MuM.B.Ai University, Savitribhai Phule Pune University.
P.G.D.M – Post Graduate Diploma in Management
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Some of the top business schools in India don’t grant an M.B.A degree. Instead, they go for its flashier, more emancipated, cousin, the P.G.D.M. As the name suggests, it is NOT a degree but a diploma. While a lot of people sneer at the notion of investing time in a diploma rather than a degree, there are some very good reasons why sometimes these P.G.D.M “undegrees” are more prestigious and useful.
As mentioned before, degrees are proprietary to universities, in India. But being a part of a university system also means that the curriculum is rather rigid and constant updates, keeping up with industry trends is out of the question, often requiring long bureaucratic procedures. Hence a lot of autonomous institutes voluntarily choose to stay away from university affiliations, while still being recognized by the All India Council for Technical Education (AICTE). An accreditation by the Association of Indian Universities (AIU) makes the P.G.D.M equivalent to M.B.A (Source).
Refer: Direct Admission Top Mumbai Colleges Placement Review
Program Type: Usually 2 years full time. One year P.G.D.M is not equivalent to M.B.A.
Academic Focus: Basic foundation plus practical training keeping up with industry demands.
Cost: Generally, more expensive than a university M.B.A. S P Jain P.G.D.M costs INR 16 lakhs ($25k) for its full academic fee of two years.
Eligibility: Much like the M.B.A degree, it too requires an undergraduate degree with a minimum score, group exercises, personal interviews, written ability tests, CAT score. The selection is contingent on weighted combination of these plus factors like gender and work experience in a managerial role.
Institutes: The Indian Institute of Management (IIMs), XLRI, S P Jain Institute of Management, and more. The P.G.D.M is very well recognized within the Indian as well as the international job market. Institutes like the IIMs carry their heavy weight around quite successfully. As far as pursuing higher education is concerned, both M.B.A and P.G.D.M, notified by AIU as equivalent to M.B.A of a University, are eligible for a PhD degree in India. Programs unlike the P.G.D.M from the IIMs, such as those at ISB that are not recognized by AICTE, are not considered equivalent to M.B.A, outside India, and hence don’t qualify as advanced degrees.
PGDBM – Post Graduate Diploma in Business Management
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It is similar to the P.G.D.M structure. It is also a two-year program approved by the AICTE. Eligibility is decided by the individual institutes. For instance, the Ambedkar Institute of Management Studies relies on previous academic record, group discussion, viva, and a good score in MAT/ATMA/ICET or any Admission Test of University/Government (Source).
Also Read: Bangalore MBA Colleges Direct/Management/NRI Quota Admission
PGPM – Post Graduate Program in Management
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The PGPM is not an AICTE recognized diploma or course. It is essentially an award or certification for a duration of one year. In that sense, it doesn’t feed into your qualifications towards, say, a PhD. It is also quite flexible, and can be designed to suit the needs of current relevant industry needs. (Enroll Top Delhi MBA/PGDM Colleges Direct Admission 2024 Year)
For instance, Great Lakes offers a PGPM program for a duration of one year, geared towards experiential learning, peer participation, and it is taught in collaboration with international faculty. Eligibility requirements mandate either of GMAT/CAT/XAT/CMAT scores, a good academic record from a recognized institution, essays, and a minimum work experience (specified by the school). The Great Lakes PGPM costs about INR 15 lakhs ($23k). (Enroll Top Delhi MBA/PGDM Colleges Direct Admission 2024 Year)
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