Difference between PGDM in Finance & MBA in Finance | VBS

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2. MBA vs PGDM MBA is the traditional choice for Management studies while PGDM offerings are more recent and have been witnessing growing demand. There are about 5000 MBA colleges in India including private as well as government colleges. Whereas, there are roughly 3500 colleges of PGDM in mumbai with about 79 institutions added in the academic year 2022 - 2023 to the list. Key Differences between an MBA & a PGDM course The PGDM course is offered by AICTE approved institutes. The All India Council for Technical Education is a national-level statutory body under the Department of Higher Education, Ministry of Education is responsible for the development, approval, and implementation of technical education in India. The curriculum of a PGDM course goes through revision once a year and is updated as per the latest industry trends. The curriculum is designed by the Board of Studies which consists of Industry Experts, Alumnis, and Faculties which make the PGDM curriculum industry relevant. Another major difference in the curriculum is the practical nature of the courses. An MBA course is more theory based whereas a PGDM course focuses on the practical aspect of running a business and has more hands-on projects throughout the learning phase. The PGDM courses offered by most business colleges in Mumbai including the Vivekanand Business School are accredited by the Association of Indian Universities (AIU) which makes it equivalent to an MBA degree from an Indian University. The dynamic nature of a PGDM course makes a PGDM graduate a more preferred talent as they are already aware of the current industry challenges and have learned techniques to overcome them.

3. What is the difference between PGDM in Banking & Finance and MBA in Finance Introduction: The life of a Management Student goes through a few critical checkpoints and one of the most crucial checkpoints is placed right at the start when one has to decide whether to pursue an MBA or choose a PGDM course. Both MBA & PGDM are two-year-full time post-graduate programs in Management Studies focused on enabling students with skills and techniques to manage and optimize business operations effectively. As with any crucial decision in life, you must evaluate all aspects of the choices you are about to make. Here’s an article covering the differences between an MBA and a PGDM course. The article will help you evaluate which of these two is the best fit for you!

4. Differences between PGDM in Banking & Finance & MBA in Finance When it comes to the specialization of finance, both MBA and PGDM programs can provide students with a solid understanding of financial concepts but the analytical skills are only majorly provided in the PGDM course. MBA institute in mumbai their curriculum is more of theoretical based with no practical knowledge. Some PGDM programs may have a broader curriculum that covers topics such as marketing, operations, analytics and strategy in addition to finance and also may have a more focused curriculum with specialized courses in finance. So instead of pursuing an another co A Postgraduate Diploma in Management /PGDM in Banking and Finance is the perfect program for students who wish to gain specialized knowledge and practical skills in this field. The next generation of professionals needs to upgrade their skills and broaden their perspectives in order to compete in today's fast-paced business environment. Vivekanand Business School, one of the top schools for PGDM Banking & Finance, has included 5 Analytics focused subjects in its curriculum and offers more than 25 complimentary certification courses from the NSE Knowledge Hub that cover a variety of financial modules. Students are exposed to not only financial practices but also the banking industry, enhancing their professional knowledge. A PGDM in Banking and Finance at Vivekanand Business School not only provides students with a comprehensive education in the principles of banking and finance but also equips them with the necessary skills to succeed in top-level positions. These skills include critical thinking, problem-solving, and strong communication skills, which are highly valued by employers in the financial sector. Ultimately, the value of an MBA or a PGDM program for finance depends on the specific program's content, the quality of faculty and resources, and how well the program aligns with the career goals.

5. Eligibility criteria & Entrance Exams The admission process for MBA and PGDM is quite similar. Both MBA and a PGDM course accepts a wide range of competitive entrance exams and involve written tests, group discussions, and personal interviews. The eligibility criteria for both MBA and a PGDM in Mumbai are mostly the same. Both the courses require the student applying to have completed a bachelor's degree from a recognized institute. The cut-off percentage differs from one institute to another. However, most institutes require a score of at least 50% and above. Students must qualify for national or state-level entrance exams such as CAT, XAT, MAT, CMAT, GMAT & CET. Students can also appear for private entrance exams like SNAP, TISSNET, IIFT, NMAT, IBSAT and etc to apply for the respective private colleges.

6. Specialisations MBA institutes in Mumbai and PGDM colleges in Mumbai have many specialisation options. The common specialisations include Banking & Finance, Marketing, Human Resources, Retail, Operations & Supply Chain Management, and IT & PGDM in Business Analytics and PGDM in Data Analytics which is currently provided by very few institutes. Job Opportunities & Salary This is where the major difference between an MBA and a PGDM course starts to manifest. Because a PGDM course is so dynamic in nature the students find themselves well-acquainted with the current industry challenges and practices which naturally allows them to perform better during interviews. Companies looking for Management professionals also tend to exhibit a preferential bias towards PGDM candidates as they are prepared to deal with emerging challenges and know their way around meeting industry needs. The starting salary of an MBA graduate is generally in the range of 5 - 10 LPA while that of PGDM graduates is 7 - 15 LPA. Management graduates are generally appointed as Business Analysts, HR Managers, Finance advisors, Marketing Managers, Investment Bankers, Data Scientists, Project Managers, Tax Specialists, Auditors, Business consultants, etc.

7. Themes you must consider while choosing between an MBA & a PGDM course: • Identify your priority: Are you looking to learn a theory-based course or do you wish to pursue more practical coursework • Evaluate the curriculum: Compare the curriculums of the various colleges and specialisations you have shortlisted between MBA and PGDM courses. Evaluate which of these curricula is enabling you with the skills you need to ace the current work environment • Visualise your long-term goals: Figure out what is more important to you. What job role do you find yourself most aligned to and how much salary do you expect for yourself? A key point to note is that PGDM has unique characteristics. The programs offered by Vivekanand Business School provide a career edge to its students through a cross-disciplinary approach that emphasizes technology, data analytics, and leadership skills during the learning phase, which makes us the best PGDM College and PGDM our course the perfect choice for Management studies.

8. Conclusion Choosing between an MBA and a PGDM course can be nerve-wracking. But be that as it may, it is one of the most crucial decisions you are about to make. There is no doubt that both an MBA and a PGDM course have a common goal of providing you with the skill sets and abilities to manage a business effectively. However, It all comes down to which of these courses is placing you in the position of leverage.

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