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PGDM vs MBA...and other dilemmas: How to decide
PGDM vs MBA...and other dilemmas: How to decide
The dilemmas of a MBA student are many. No one understands these dilemmas like we do, as MBAUniverse.com is the voice of MBA aspirants. To bring you out from the state of dilemma we present to you the solutions to the most crucial dilemmas faced by MBA aspirants. Read further to get awakened:
Q. I hear there was some controversy between AICTE and B-schools and the Supreme Court of India has given some judgement. What is the current status of PGDM programmes?
A. Yes. The AICTE had issued its noti
Noida,
UP,
India
(prbd.net)
18/04/2011
The dilemmas of a MBA student are many. No one understands these dilemmas like we do, as MBAUniverse.com is the voice of MBA aspirants. To bring you out from the state of dilemma we present to you the solutions to the most crucial dilemmas faced by MBA aspirants. Read further to get awakened:
Q. I hear there was some controversy between AICTE and B-schools and the Supreme Court of India has given some judgement. What is the current status of PGDM programmes?
A. Yes. The AICTE had issued its notification in December 2010 to B-schools listing a new set of rules for the B-schools of the country to follow. The circular instructed not only the doing away with important MBA entrance exams, such as the XAT, ATMA or MICAT, but ascertained that only CAT, MAT or any state government-conducted exams (such as the Maharashtra CET) can serve as entry points to B-schools.
The SC verdict provides relief to more than 500 AICTE-recognised B-schools as they are now at liberty to select students subject to the use any of the entrance tests of CAT, MAT, and XAT for the admissions to the 2011-13 batch and retain the power to conduct their own GD-PI for admissions to the 2011-13 batch.
Q. How should I choose from PGDM by AICTE approved B-school, MBA by University, or a management program by autonomous Institute?
A. Let us analyse the various segments of B-schools. This will help you in picking up the B-school of your choice.
AICTE approved B-schools: Today, you will find there are various colleges that offer PGDM but what makes the difference is the AICTE approval. All India Council for Technical Education is a national level government body that gives approval and certification to PGDM institutes in India after surveying their standards and quality of the technical education. Hence, the students should try for colleges that are AICTE recognised.
University B-schools:
MBA programmes from Universities can be segmented into two: Public funded universities that offer highly subsidized MBA, and private universities offering MBA.
The major advantages of pursuing MBA from these university B-schools is that their fees are highly affordable. At FMS Delhi the fees for two years is around Rs. 21,000. At JBIMS Mumbai the fees for two years is Rs. 2 lakh.
State-level Private Sector Universities/Deemed to Be University: These are also a good option, but the MBA aspirants should be beware as there are many private universities which have been banned by the UGC, and the Deemed to be University of many these have been declared illegal.
Autonomous Private B-schools: Some institutions do not seek AICTE approval, or any affiliation with any university by choice. These are known as autonomous B-schools. The torch bearer in this category is the Indian School of Business, Hyderabad, which is ranked in the global top 20 B-schools. Some other B-schools in this category are SOIL Gurgaon, and Infinity Business School.
Q. Should I pursue a PGDM or an MBA? What is the difference between the two?
A. In India only those schools which are affiliated to a university can offer an MBA degree. For this reason institutes like JBIMS, PUMBA, FMS can offer MBA degree while IIMs do not. Institutes which are not affiliated to university are autonomous and can offer PGDM (Post Graduate Diploma in Management) degree. These programs are sometime approved by Government accreditation bodies such as AICTE.
Q. Which are the major centers of MBA education in India? I need information on the B-schools in different locations of the country and the advantages provided by them.
A. MBAUniverse.com has launched various MBA city channels. You can click below to read all about the major MBA education centers. You will get to know about the leading B-schools and the advantages of the location:1. Delhi / NCR MBA 2. Mumbai MBA 3. Bangalore MBA 4. Pune MBA
Stay tuned to MBAUniverse.com for more Admission FAQs.
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