A Master of Business Administration (MBA) degree is a theory-based program that focuses on business and finance fundamentals. It is taught in universities and colleges that are University Grants Commission (UGC) affiliated. Courses are rigid and have common curriculum because universities are unified and affiliated to a common primary university. The fee structure is less expensive because of multiple university grants and scholarships. Focus is more on technical and analytical knowledge.
A Post Graduate Diploma in Management (PGDM) is a diploma or certification. It is an application-based program that focuses on real-world practical skills of management. It is taught in colleges that are recognized by All India Council for Technical Education (AICTE). The course is flexible and involves case studies, on-site trainings, and simulations. The curriculum is not centralized and differs from individual colleges. The fee structure is more expensive than MBA since financial aid is not provided. Focus is more on soft skills, practical knowledge, and employability.
An MBA is a versatile degree which has diverse specializations and multiple applications in different professional domains. Candidates with a good educational background, excellent communication skills, and creativity can be transformed into valuable resources for different domains and sectors. People from different educational backgrounds can join an MBA program to specialize fields like Finance, Human Resources, Education, Fashion, Information Technology etc. in roles as Analysts, Strategists, Consultants, Developers, Advisors, Planners, and Managers.
No, MBA courses are for anyone interested in learning the core business framework and working of a company. If an individual is passionate about learning new things and finding solutions to business problems they can pursue an MBA. After completing the course, candidates can take up various roles based on specialization in order to learn and grow in the company hierarchy. Some candidates contribute to the back-end growth of business by pursuing a PhD in management and becoming a subject matter expert or Consultant.
An MBA degree is mostly pursued by fresh graduates or working professionals who wish to learn the theoretical aspects of business. It is usually a two-year self-funded (or with financial aid) course. Qualification of national, state, or institution-specific entrance exams is mandatory to pursue a regular MBA.
An Executive MBA (EMBA) is commonly pursued by working professionals who hold various leadership and management positions in the organization. The course is usually less than two years in duration and does not require scores of competitive examinations. It is usually funded by the employer of the company and mainly targets corporate executives and managers.
A full-time MBA program is a classroom based degree program. Classes are conducted in colleges and institutes that are autonomous or affiliated to the main university. Curriculum is rigid and closely regulated to ensure scheduled completion of subjects. Candidate attendance is constantly monitored. Working simultaneously with learning is not encouraged to ensure complete concentration and discipline.
An online MBA program is a home-based degree program. Classes are conducted via online portals and solely rely on a stable and consistent internet connection. Institutes may not always be accredited or affiliated to reputed universities. Curriculum can be completed as per convenience which leads to the probability of delays. Candidates are free to work while earning; however, proper focus, discipline, and management is essential or candidates may incur losses due to irregularities.
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