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Most Business School Aspirants have raised worry about the titles of the administration degrees offered in India, ordinary observation is that MBA (Master of Business Administration) is the main course which is worthy as a Post Graduate Degree. That is not valid, in India there are different projects offered by the Top Business Schools which are not really called as MBA.
One of the best example is the IIMs (Indian Institutes of Managements) and XLRI's (Xavier's Institutions) these top Institutions doesn't offer MBA. IIMs offer PGP (Post Graduate Diploma Programs) and the Xavier's Institutes excessively offer PGDM (Post Graduate Diploma in Management).
According to the law in the books (atleast in India), just a University can offer degrees, for example, the MBA, BBA, B.Tech or B.E. Any Institution which is not partnered to a University can't offer a degree. So the IIMs are clearly self-ruling bodies they run autonomously not made a fuss over the Universities and the standards.
On comparable lines a few schools have self-sufficient status in India they don't offer MBA programs, there are likewise Institutes which are working without affiliating to a University. These schools keep running under the AICTE (All India Council for Technical Education) and henceforth they don't offer MBA. Illustrations TAPMI Manipal, Welingkar, Great Lakes Chennai and so on.
The topic of whether doing a MBA or PGDM if at all emerges, know the Institute's qualifications first. On the off chance that MBA offered which University it is subsidiary to and whether it is a full time MBA or Distance MBA? On the off chance that PGDM check if the Institute has Autonomous status or check in the event that it AICTE endorsed or not.
Many Aspirants have a huge confusion in their brain on PGDM course and it's correlation with MBA. This gathering talk will attempt to expound the distinction between these two.PGDM:
PGDM grows to Post Graduate Diploma in Management, the disarray begins when you see the term Diploma. Numerous understudies are of the view that it is a Diploma course and not a Degree; you are on the whole correct to a degree that it is a Diploma.
The fundamental motivation behind why postgraduate courses are named as PGDM is on account of when an Institute is a self-sufficient body (which means it is not associated to any University) and behaviors administration courses then such Institutes can't offer MBA degree.
Indeed, even IIMs, XLRI's doesn't offer MBA degrees they just give PGP Diploma or PGDM since they are self-governing and free bodies. On comparable lines AICTE (All India Council for Technical Education) is permitting affirmed schools to run a PGDM course. Some Business Schools offering this AICTE PGDM course require not be independent, the PGDM course will be self-governing given by the Institute and straightforwardly affirmed by AICTE, Ministry of HRD, Govt of India.
Similarly, UGC - University Grants Commission controls the Universities in India, AICTE - All India Council for Technical Education has control on both specialized and administration courses and particularly schools not under Universities. Indeed, even schools offering UGC perceived MBA Programs as a rule ought to have AICTE endorsement.Benefits If you choose Autonomous Colleges:
At the point when an Institute secures self-governance they plan their own particular educational modules to be instructed as opposed to taking after obsolete University syllabus. I have specified obsolete syllabus in light of the fact that the syllabus change at University level happens once in either 3 or 5 years. In fact syllabus change influences college affiliating schools, the books should be updated and the personnel needs to overhaul themselves.
Whereas in PGDM, since the schools have self-sufficiency the educational modules can be overhauled frequently relying upon the need in the Industry. Subsequently one can state that PGDM courses are more Industry pertinent, avant-garde when contrasted with MBA courses. However University MBA Programs too are of esteem, it thoroughly relies on upon the University one wish to do MBA. For example FMS Delhi offers MBA - Delhi University, Symbiosis offers MBA - Symbiosis University, Narsee Monjee offers MBA.What Points Aspirants Must Check?
While deciding on PGDM courses, understudies must practice alert and check the accreditation status of the school. Universities offering PGDM courses should be authorize by AICTE. If there should arise an occurrence of MBA, the schools are partnered to a University and Universities are controlled by University Grants Commission (UGC) and the schools may likewise get licensed by AICTE.Is PGDM equivalent to MBA?-Big Question
Not really that a PGDM is equivalent to MBA in light of the fact that if PGDM is to be a proportional to MBA then the school offering the PGDM course should have accreditation from AIU (The Association of Indian Universities).AIMA PGDM Vs AICTE PGDM
AIMA PGDM or PGPM course is a declaration program, AIMA remains for All India Management Association a summit body which conducts MAT examination. AIMA additionally offers PGDM which is plainly said as a course endorsed by AICTE and Distance Education Council. There is a great deal of contrast between AIMA PGDM and AICTE PGDM.Over to You:
If you still have any confusion about PGDM or MBA, which program is best for your career, contact to ApnaMBA and give a breakthrough to your entire career. To know more about latest trends and topics of MBA keep following our blog section.