PGDM or MBA? Which course has more value in the Future?
Huge swathes of national and global life, especially education, were thrown into disarray as a result of the ongoing pandemic. Even today, MBA programs in Pune must balance the health risks of in-person learning with the educational needs of students. Amid such uncertainty, education must not be placed on hold. Now is the time to enroll in MBA or PGDM programs in Pune.
Are you a potential business student interested in applying to MBA and PGDM programs? If it matches your situation, you've come to the right place. This article will help you to learn everything you need to know about the top MBA and PGDM degrees that will get the most attention. You'll learn about the most common subject specializations and how to pick the right one for you.
Let’s have a look at this article.
7 Reasons to choose PGDM Course
Students from all backgrounds join together to pursue the PGDM degree, which can help them advance their careers. Many students nowadays prefer to pursue a PGDM degree over a regular MBA. We've compiled a list of reasons why you should enroll in a PGDM program for a successful management career.
When compared to the MBA courses, PGDM courses are always industry-specific, which is why you will only learn the required curriculum to help you prepare for the specific course where you intend to establish your career.
You can pick from a variety of specializations in the PGDM program such as PGDM in Finance, PGDM in Marketing, PGDM in Human Resources, PGDM in Digital Marketing, PGDM in Business Analytics. The PGDM degree is specialized because the course structure incorporates more practical learning inputs rather than focusing solely on theory. PGDM is the finest option among other options such as MBA.
As part of the curriculum, the PGDM is an industry-integrated diploma with plenty of opportunities for internships, live projects, and industrial visits. This allows students to get an ample amount of experience by the time they complete their course. The majority of PGDM courses are taught by top-level executives, entrepreneurs, and business leaders, who can provide students with one-on-one corporate insights. Learning directly from these notable experts through lively classroom sessions, Institute-sponsored management training, and other opportunities can provide students with the exposure that is not available in a traditional MBA program.
Your interpersonal skills matter the most when it comes to business and business means dealing with other people. Developing managerial skills gives you an idea about working in an organization. Industry visits, live projects, internships give a broader perspective to students for their overall growth.
Helps to Build Network
People in management positions are exceptionally resourceful. This is required for them to succeed in their job. When you start your PGDM program, you'll quickly realize how important it is to develop contacts and networks of fellow professionals from various verticals, domains, and sectors. You prefer to form comparable networks in other areas as well because they all ultimately benefit your working life. All of these contacts and interactions enrich your life and strengthen your professional position.
Being a skill-based course, PGDM is becoming increasingly popular in businesses, as the learning benefits outweigh traditional theoretical perspectives. Higher placement ranges are associated with a stronger grip of practical skills. Autonomous institutes that offer superior placement assistance and guaranteed help to students are the most common providers of PGDM courses. These institutes may also have collaborations with top-tier, high-paying firms where students might find employment.
Skill based Program
A PGDM enables students to be more flexible in their practice because it focuses on the student's current skills and competencies rather than the academic structure. A PGDM holder develops strategic thinking skills, organizational skills, soft skills, communication skills, and another key acumen of corporate growth, in addition to the skills required in the selected specialization. Students who effectively demonstrate these skills are invariably on their way to a prosperous and fulfilling career in management.
While the most prevalent PGDM specialties in India include Finance, Marketing, and Human Resource Management, there are a variety of specializations to choose from. Let's have a look at some of the other PGDM specializations.
The Digital India era has begun. Traditional methods have gradually given place to online or digital platforms. From small stores to major enterprises, everyone uses digital platforms in some way. For all organizations, large and small, the importance of having an online presence has expanded. Experts in digital marketing are in great demand and will remain so in the future. This specialization is beneficial to students interested in Digital Channels, Content Creation, Content Marketing, Search Engine Optimization, Social Media Optimization, Social Media Marketing, Digital Marketing Analytics, and other areas. Among the positions available are Analytics Managers, Content Managers, Digital Account Managers, and Digital Marketing Managers, to name a few.
Business analytics entails the application of relevant skills and technologies to historical data to provide useful insight and intelligence for planning and decision-making. Some of the most common components of business analytics are data mining, statistical analysis, and predictive analytics. Data analytics, which includes business analytics, is a broad phrase that refers to the gathering and organization of data for analysis and study. "Data Analytics" and "Business Analytics" are words that cover a wide range of specialized methods. Data analysts and data engineers are among them. This emphasis covers data analytics, statistical techniques, machine learning & data visualization models, AI & Natural Language Processing, Big Data & Database Tools, as well as a variety of new developing concepts and analytical tools. Other job titles include Business Analyst, Data Analysis Scientist, Business Analyst Manager, Data Business Analyst, and others.
7 Reasons to choose MBA Course
An MBA degree can provide you with a number of benefits throughout your life. Moreover, these benefits apply not just to your professional and corporate goals, but also to your personal life. If you're on the perimeter about getting an MBA or weighing the benefits of getting one, consider these reasons why you should. Some of them might catch you off guard.
So, why should you pursue an MBA program?
High Salary Potential
According to studies, there is a considerable disparity between salaries paid to people with an MBA and salaries paid to people with other degrees. An MBA graduate is usually better and more lavishly rewarded than other employees inside any organization. An MBA graduate works for a private or public company.
Be your own Boss
Many graduates with an MBA degree go on to become young entrepreneurs. You can gain the necessary information and methods to potentially expand and operate your enterprises by enrolling in an MBA program. You'll learn company management, planning, and even financial management in an MBA program. These abilities will enable you to efficiently manage your firm while also contributing to your country's economic prosperity.
Graduates of an MBA degree get access to a more diverse and broad range of opportunities. Human resource management, Marketing, and Finance are just a few of the core areas covered by an MBA. All of these areas qualify an MBA graduate to work in a variety of fields and industries, as well as the public sector. MBA graduates have more and better options to expand their horizons and grow their thoughts as the several main areas are explored.
Business school provides a great base for MBA graduates to meet people. Recruiters, keynote speakers, old-school businesspeople, emerging entrepreneurs, and so on are just a few of the types of individuals you can meet while pursuing your MBA. Then there are your classmates who are likewise interested in pursuing a career in business. An MBA program prepares you to interact with future corporate executives and managers. After the course, these individuals could be excellent business partners or even make outstanding recommendations on your behalf. Those enrolling in an MBA program are frequently sent out as interns. This gives MBA students even another opportunity to connect with possible employers.
Many MBA graduates have found that their postgraduate degree has provided them with a wealth of knowledge in other areas of life, particularly in business operations. While those without an MBA may contemplate endlessly and wonder how and why a specific business decision is made, an MBA graduate will be able to relate because they will have been taught. Graduates with an MBA gain a comprehensive understanding of the corporate world.
MBA students are taught how to talk effectively and distinctively as part of their education. They learn how to use language effectively, how to add meaning to their words, how to create effective and extraordinary presentations, and how to communicate with people both in and out of the classroom. In the business world, these communication abilities are priceless.
After completing the MBA program, an MBA graduate almost becomes a new person. An MBA graduate will have new-found survival skills and professionalism, allowing them to develop into amazing communicators and counselors, with a new viewpoint on life and a fantastic new understanding of the corporate world linked to the numerous subjects taught in an MBA program. Without a doubt, earning a master's degree in business administration will change your outlook on life and help you to better manage your mind.
Personnel with this specialization in management are in high demand. An MBA in Finance is a business administration degree that gives students financial knowledge, insights, tools, and wisdom. An MBA in Finance provides executives with a thorough understanding of business administration, as well as financial goods, processes, and technicalities.
Money markets, stock trading and investments, banking, financial services, insurance, credit, and many other businesses involving money and capital are all covered under finance, which includes positions like Financial Analyst, Investment Banker, Insurance Broker, and Financial Advisor. All of these areas are covered in a MBA in finance, which provides students with the knowledge and abilities they need to make informed financial decisions in the workplace.
Marketing is so crucial in most businesses, it will always be in demand. As a result, obtaining an MBA in this field may assist you in gaining skills and knowledge for a profession that accounts for a large portion of the job market. A bachelor's degree from a recognized university with a minimum of 50% in any stream is required for applicants seeking an MBA in Marketing. As part of this specialization, students will learn about B2B, B2C, Marketing Analytics, Channel Management, Retail Management, Market Research, Media Sales & Pre Sales, Digital Marketing, and a variety of other concepts. Career options include Marketing Manager, Public Relations Specialist, Research Analyst, and a variety of others.
Human resource management (HRM) is a continuous process that encompasses acquiring, developing, and maintaining human resources. Planning, organizing, leading, and controlling are all management functions. HRM's major goal is to improve employee productivity while lowering risk and increasing return on investment. To become tomorrow's leaders, HR specialist students are taught how to develop the correct attitude and personality, as well as competencies, aptitude, and communication skills. HR Analytics, Talent Acquisition, HR Business Partner, Compensation & Reward Management, Labour Law & Industrial Relations, and other ideas are taught to Human Resources students to appropriately administer the organization's policies. HR specialists can work as Human Resource Officers, Training & Development Officers, HR Consultants, Executive Recruiters, and other positions.
Focus on building initiative rather than the word 'leadership.' You instantly become a leader when you take the initiative; when you are the first to raise your hand; when you are the first to step forward. A leader is someone who takes the initiative. So, work on overcoming your apprehension, fear of being judged, procrastination, and overthinking. Replace the word "failure" with "lesson" in your mind. Take little measures and strive for consistency.
When it comes to choosing a career route, a PGDM or MBA student has various alternatives. A candidate with a PG Program immediately stands out, and recruiters consider this when evaluating them as potential employees for top organizations. Enroll in a PGDM or MBA degree if you wish to advance swiftly in the field of management.