The Master of Business Administration better known as an MBA is a very essential education in today’s highly educated world. Today, where knowledge and education play a vital role in a student’s life, an MBA education helps him face all the obstacles encountered in his career. This is truly a management program that increases your potential, develops your skill, and sharpens your knowledge. If you are planning for higher education or just confused about what to do and in which direction you should go to hope for a better career, then MBA is really a great option for you.
Master of Business Administration or MBA is one of the highest degrees that have a very good reputation and demand today. Not only is it good for students who want to pursue a career in some field of service, but it is also a perfect education for people looking forward to their own entrepreneurial endeavour. If you really want a bright future and are looking for a managerial role, an MBA education is an excellent option. This education not only increases your knowledge, but also helps you in various other fields, such as decision making, supervision and motivation of your employees.
Importance of MBA
Today, where knowledge and education play a vital role in a student’s life, an MBA education helps him face all the obstacles encountered in his career.
This is truly a management program that increases your potential, develops your skill, and sharpens your knowledge.
If you are planning for higher education or just confused about what to do and in which direction you should go to hope for a better career, then MBA is really a great option for you.
Some More Benefits are –
- Self Confidence
- Personality Development
- Strategy Development
- Communication Skills
- Time Management
- Out of the Box Thinking
- Higher Income
- Promotional Opportunities
- Entrepreneurship Skills
MBA Vs PGDM
What do MBA and PGDM mean?
MBA (Master of Business Administration) is a degree.
PGDM (Post Graduate Diploma in Management) is a diploma program.
Under UGC regulations, colleges / institutes affiliated with a university may offer MBA degrees.
Private / autonomous business schools that are not affiliated with any university may offer the Graduate Diploma in Management (PGDM) programs.
In India, as well as abroad, MBA and PGDM courses are considered to be of equal value when it comes to career prospects. Having a PG diploma instead of a degree is certainly not considered a drawback. In fact, what really matters is the reputation of your university or institute and, most importantly, your professional skills.
Therefore, even major institutions like IIM, XLRI, and SPJIMR offer PGDM and not the MBA degree, as these institutions are autonomous bodies and are not affiliated with any university. As such, there is no difference in what is taught in PGDM and MBA.
However, charter business schools frequently change the curriculum to meet industry standards. A change of curriculum in an MBA program is rare since the university offering the program does not have the authority to change the curriculum. Before making a decision, you should also keep in mind that MBA programs are much cheaper than PGDM programs.
Which is better: MBA or PGDM?
In MBA degree, you will have theoretical knowledge of management concepts and practices. Theoretical knowledge can be useful if you want to enter the investigation. Also, the MBA curriculum is not changed very regularly since the university offering the MBA has no authority to change the curriculum. This can be an important deterrent in management because the real business environment is very dynamic and full of sudden unexpected changes. Therefore, the MBA degree is more academic and theoretical in nature.
The PGDM program, if run from an above-average business school, will train you with efficient training and give you information on real-life business situations. It is more practical in nature. Since charter business schools are free to change the curriculum, the PGDM program will be structured in the most appropriate way for the real business environment.
However, the fact remains that the industry treats MBA and PGDM graduates the same way. Even in the global job industry, MBA and PGDM graduates are given the same treatment. In fact, the industry is more concerned with students’ skill sets than with their degree. Therefore, doing an MBA or PGDM will have the same impact on your career. Your starting salary will depend more on the reputation and brand of your university / business school and not on the name of the degree. Therefore, you must carefully choose your university / business school if you want to obtain an MBA or PGDM.
It is often seen that people look for the job of Marketing but struggle with their marketing skills. If you are one of them, MBA education is very important to you. MBA education will also give you confidence and ultimately improve your personality. With an MBA degree, you can easily get a job at any big, reputable company. If you are planning an MBA education, then it is very important to choose the right subject according to your interest and the job you are looking for, in the near future. MBAs in Finance, International Business, Accounts, Human Resources, Entrepreneurship, and Retail are some of the well-known MBA educations from which you can choose the best one for you and work hard to achieve success. MBA education not only helps you find a good job for you, but also opens doors for you worldwide.
According to recent research, the fact of the importance of the MBA degree in the corporate field revealed that more and more organizations are forcing their most promising management personnel to have an MBA degree. Some of those organizations are even ready to fully or partially sponsor the MBA degree for their managers in any of the available MBA course forms. Therefore, they understand that it is a situation of loss of profits of Les más, since their managers will become more skillful and able to tackle more corporate problems of the world day by day in a more effective way, saving time and available resources.
Top Colleges for MBA in India
- FMS Delhi
- IIM Ahmedabad
- IIM Bangalore
- IIM Calcutta
- XLRI Jamshedpur
- IIM Indore
- MDI Gurgaon
- IIM Lucknow
- SP Jain, Mumbai
- NMIMS Mumbai
- IMI Delhi
- IMT Ghaziabad
- JBIMS, Mumbai
- Xavier University Bhubaneshwar (XUB)
- Symbiosis Pune
One of the most commonly cited reasons for obtaining a graduate degree is the probability of increased earning potential. However, not all master’s degree holders earn a premium salary relative to the income of a bachelor’s degree holder. Therefore, future graduate students must calculate their own personal return on investment. When weighing the true value and benefit of a title, several factors must be considered, including the cost of the program, the potential for short and long-term income, and the lifetime benefits.
The MBA is currently the most popular degree in the world. Today there are more than 2,500 MBA programs offered worldwide; Most are offered in English. Traditional two-year MBA programs are common, one-year programs became increasingly popular. Part-time and online programs also are widely available to professionals who cannot take a year or two to try to a full-time program or they’re at an edge where it’s unfeasible for them. Executive MBA (EMBA) programs are part-time programs aimed toward professionals with more years of experience than full time MBA students.
After MBA, you can either be an Entrepreneur or you can enter into a Corporate. Corporate World is where work is the only thing which matters. It challenges you and you must overcome the challenges in order to survive. The Corporate Experience is one of the best thing you can have. But it is very difficult to survive in this challenging world. Check out our article – “Entering into Corporate” and learn how can you survive there.