Get Untangled: Confused about MBA and PGDM! Here is what you need to know
Monday, July 1, 2019
While academicians say there is no difference in the coursework of both the programmes, but recognition of PG diploma programmes can be a problem for students aspiring to study abroad, reports Sheetal Banchariya
To choose between a Master of Business Administration (MBA) degree and Post Graduate Diploma in Management (PGDM) could be a challenging task, especially for the students who do not have any professional experience.
MBA DEGREES AT IIMs
One of the major factors behind the differentiation between the two programmes is that MBA degree can only be awarded by universities and institutes that do not have the status of a university or deemed-to-be university are bound to offer PG programmes. “Indian Institutes of Management (IIMs) started offering MBA degrees after the IIM Bill 2017 that declared them as institutions of national importance and enabled them to offer degrees. However, it is the name that has changed, not the course offerings,” says BS Sahay, director, IIM Jammu. He adds that two-year programmes that are approved by the Association of Indian Universities (AIU) considered being equivalent to an MBA degree.
RECOGNITION FOR STUDYING ABROAD
A student aspiring to go abroad for studies or work may face some difficulties during university application and visa processes. “While foreign institutions value the calibre of students, recognition of a PG programme can sometimes be a constraint. Countries such as Canada accept a one-year programme in equivalence to an MBA degree. But students can find it difficult to get through the visa process since the country demands certain years of education for education visas,” says Alok Shashwat, assistant professor, Department of Finance, Indian School of Business (ISB), Hyderabad. In case the programme is not recognised abroad, students can always obtain an equivalence certificate from the institute to attach with their job, admission or visa application.
WHAT TO CHOOSE
Abhishek Kumar Rohit, assistant professor and TA Pai Management Institute (TAPMI), says that a student must look at the institute’s reputation over the course. “The industry outlook for both the programme is comparable and a candidate’s performance will be provided more importance. But students are advised to join an institute that has global accreditations and reputation.”