MBA vs PGDM - Which is a Better Option for You?

The MBA degree is seen as a time-tested tag that can open avenues to all types of career aspirations. But, PGDM, its nearest competitor, is more novel, flexible, and practical. myBskool offers PGDM from IMT Ghaziabad that is approved by the Joint Committee(JC) of India. The JC comprises UGC, AICTE, and Distance Education Council(DEC).  Let us understand the basic difference between MBA and PDGM in India-:

1) Only Universities can offer MBA: In India only those management institutes which are affiliated to a university can offer an MBA degree. For this reason institutes like Jamnalal Bajaj Institute of Management Studies or Faculty of Management Studies can offer MBA degree, as they are affiliated with Pune, Mumbai, and Delhi Universities. Also IIMs, though being the best of the lot, can’t offer MBAs as they are not affiliated with any university. Institutes which are not affiliated to university are autonomous and can offer PGDM (Post Graduate Diploma in Management) degree. However, some of these programmes are approved by regulatory bodies such as AICTE.

2) Difference in Focus of Curriculum: While there are huge similarities in the curriculum of both MBA and PGDM, there are finer points of difference. While MBA focuses more on theoretical aspects of management and is more exam-oriented, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market.

3) Curriculum of PGDM is Flexible: Since an autonomous institute does not have to follow university standards, it is free to change its curriculum according to industry standards and change in business environment. Also a PGDM gives you an industry exposure. Whereas it will take time to change the curriculum for MBAs as it is affiliated with a university and it will essentially follow the university guidelines and changing this curriculum is a very slow process. 

4) Difference in Target : An MBA will help in developing technical skills and business knowledge whereas a PGDM will prepare graduates for senior level positions in industry and paves the way for a strong corporate career. Hence, if you’re looking for a career in the challenging area of management, you should go for PGDM.

5) MBAs are more Affordable: In compared to PGDM, generally MBAs are more affordable as the fees is almost similar to university standard. You can get a rough idea if you compare the fees of IIM and FMS. myBskool offers PGDM at a nominal cost of Rs,60,000. 

Online Management Education - Panel Discussion

The interactive panel discussion about 'Online Management Education" went on well on 8th June, 2012. The expert panel had Prof. M.J. Xavier of IIM Ranchi, Prof. Sriram - executive Director of Great Lakes Institute of Management, Prof Ramanathan - Sr Director of ISB, and Mr.Swaminathan.K - CEO of myBskool. Mr.Chandu Nair was the moderator. 

The discussion started of with a reference to Online Management Education as an evolving animal that can take any shape in the future. There is a need for holistic managers and not managers who are specialists with a big head ( good analytic skills) but a lean torso ( poor soft skills). 

'Rethinking the MBA - Business Education at Crossroads' - a book by Harvard professor Dr.Srikant Datar was mentioned often as giving new insights about the subject. A popular saying goes like, "A fool with a tool is still a fool." But, technology will supplement and not substitute classrooms. And teachers will become tutors and facilitators.

Online Management Education is known as the Facebook of Education. But, people have doubts about the quality of relationships and networks in a social learning network. The panel felt that the intensity of any relationship is more important than the length. So, the learning design and student engagement process must be fun and really interactive. For example, the AIDS vaccine was found by a set of young gamers who never met face-to-face. Their interactions were purely online. They saw each other only at the awards ceremony.

To view all event pics, click here.

Why Working Professionals Prefer Online MBA?

All aspiring professionals will take up managerial and leadership roles as they climb their career ladder. If you are an aspiring professional, you will look for a chance to get a post graduation in management. You plan to equip yourself with theory before you manage people on a real-time basis.

If you start looking at a full-time MBA degree from a reputed management institute, you need to prepare for the admission process. You need to clear CAT, get very good scores. You need to get past a group discussion round. The process sounds challenging, but do you have the time to prepare for this rigorous admission process? Even if you get admission, you need to shell out around 10 lakhs to 11 lakhs as fees.

Do you have the time and money for such a full-time MBA? If not, are there any alternatives?  Yes. There are almost 480 universities offering distance learning MBA. The cost of an online management education is between Rs.50,000 to 1 lakh. Affordable, but is it from a reputed institute?

myBskool has a solution for all your needs. myBskool has a tie-up with IMT Ghaziabad that ranks amongst top 10 b-schools in India. To download the PGDM brochure and look at our sample videos, click here.

Bye Bye Brick and Mortar Schools

Huge costs to build schools and classrooms are driving people to find alternate solutions. With the growing population and industrialization, institutions have to compete for land in urban areas. It is no wonder that online education and work-from-home are the norms of the day!

But sometimes there are shortcuts to success. In Gautemala, a school has been built out of  5000 old plastic bottles and litter. A really creative and cost-effective classroom it is! To read the full story, click here.

Tribes and Tribal Leadership

In this interesting TED video, David Logan speaks about the 5 stages of a tribe. All of us live in tribes. And we need to evolve and reach the Level 5 for maximum performance and global good.

Stage 1: People do horrible things - guns, prisons - (2%)
Stage 2: Life sucks - lack initiative, dumb - (25%)
Stage 3: I'm great, and you are not - narcissistic - (48%)
Stage 4: A team passion greater than individual competence - fun, creativity - (22%)
Stage 5: Life is Great - good values - (2%)

Who Can Opt for an One Year Management Program?

Say, you have around 5-15 years of work experience. You are a high performer. You plan to continue in your same field of work e.g electronics, construction engineering, or pharma. You want to equip yourself with a management qualification from a reputed institute - so that you are more confident in front of clients. You also feel that getting a management qualification will help your appraisals and promotion prospects.

Not sure where to take up the course? Visit myBskool. myBskool offers a recognized PGDM in Management from IMT Ghaziabad. It is a one year program. The program has interesting features. 

• Online Course - No Classess to attend
• No break from work
• Anytime, Anywhere learning.
• Widely Recognized by Leading Corporates.
• Exhaustive Study Materials
• Video lectures delivered by Management Gurus 
• Collaborative features for interaction and Social Learning 

To know about IMT advantage, Click here.

What does Thomas Friedman feel about Online College Education?

Three times Pulitzer prize winner Thomas Friedman, and author of the book “The World is Flat,” gives a Thumbs Up to Online College Education.

“Welcome to the college education revolution. Big breakthroughs happen when what is suddenly possible meets what is desperately necessary. The costs of getting a college degree have been rising faster than those of health care, so the need to provide low-cost, quality higher education more acute than ever. At the same time, in a knowledge economy, getting a higher-education degree is more vital than ever,” the Pulitzer prize winner writes. 


“And thanks to the spread of high-speed wireless technology, high-speed Internet, smartphones, Facebook, the cloud and tablet computers, the world has gone from connected to hyperconnected in just seven years. Finally, a generation that has grown up on these technologies is increasingly comfortable learning and interacting with professors through online platforms.” 

Are you convinced about Online Learning? Now are you thinking of an online management program? Then visit myBskool. myBskool programs have been built for a three-screen platform — PC, tablet and smart phone. And offers 6,000 audio/ podcast and 2,500 video lectures, delivered by management professors and experts from around the country.

Look at Online Studyroom of myBskool

How does the Online Study Room of myBskool look like? When you enter the Online Study Room you can see a list of Management Subjects such as Strategic Management, Financial Accounting, Business Law, and Foundation of IT. When you select the Management topic you want to learn, a list of sub-topics are displayed.

Every sub-topic has video lectures, powerpoint presentations and assessments. The video lectures are delivered by highly qualified and experienced management professionals and lecturers. The PowerPoint presentations have accompanying audio. The assessments test the learning outcomes using multiple-choice and other question models. So, the studyroom gives an enriching learning experience.

Do you want to see a demo of the courses? Click here. Register, view, and give us a feedback about the Studyroom.

Studyroom Videos

Studyroom Powerpoint Presentations

Studyroom Assessments

IMT Ghaziabad - Centre for Distance Learning

Do you want a PGDM from a management institute that ranks Number 1 in Online Education? Then contact myBskool to enroll for a IMT Ghaziabad program.

 

myBskool - Online Management Education

Gaurav in an engineer and is eagerly awaiting promotion at work. He is a team player and a good leader and is assured of a promotion. Nevertheless, he has a nagging feeling that he is not an academically qualified  Management Professional. Some of  his juniors have a Management qualification.

"So, its high time i qualify myself," thought Gaurav. But, he is married and cannot not afford to take a break from his career. He has invested in life insurance schemes and has only limited funds for his higher education. Gaurav is also dreaming of a qualification from a reputed management school.

Can Gaurav fulfill his dream? Is there a good solution for his future growth?

Yes.myBskool is a one-stop-solution for all your management degree dreams. myBskool offers a one year PGDM from the reputed Institute of Management and Technology, Ghaziabad. Who will hesitate to get  a cost-effective degree while learning from their home PC? Are you in Gaurav's position today? If so, be quick and contact course counsellors at myBskool.

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