About
Course
The Master of Business Administration [MBA] + Post
Graduate Program in Management [PGPM] are two separate degrees awarded
by a university. An MBA is a two to a three-year program that specializes in
management. A P.G.P.M. is an advanced one to the two-year degree that focuses
on management. The differences between the two are significant, and a PGPM can
lead to a much higher salary than an MBA.
The Master of Business Administration,
better known as an MBA, is a prestigious postgraduate degree that offers
intensive training in business and managerial practices. Its roots date back to
1908 when Harvard University's Graduate School of Administration, now recognized
as Harvard Business School, introduced it as a world-breaking postgraduate
program of its kind. The MBA program is carefully designed to develop a core
set of leadership competencies such as: B. Strong analytical acumen,
sophisticated critical thinking skills and the ability to make informed
decisions. In addition, the MBA improves mastery of communication and
collaboration skills and promotes effective teamwork. It should be noted that
the knowledge and skills acquired in the MBA program will prepare students for
dynamic leadership roles in various industries around the world.
PGPM extension. That is, the bachelor's
degree in management is a postgraduate degree in business management. Sometimes
it is also considered the equivalent of an MBA. Duration of the PGP Management
degree typically lasts two years, but may vary from institution to institution.
Thus, the PGPM usually comprises four semesters. Some institutions offer a
one-year P.G.P.M while some offers a two-year, six-semester program. At some universities
or institutes, second-year students can also choose electives. The program aims
to develop and strengthen the management skills of the students.
Course
Highlights
| Particulars | Values |
| Course Name | Master of Business Administration [MBA] + Post Graduate Program in Management [PGPM] |
| Course Level | Post Graduate (PG) |
| Course Duration | 2 years |
| Examination Type | Semester System |
| Eligibility Criteria | 50% minimum in Bachelor's Degree |
| Admission Process | Merit/Entrance Based |
| Specialization | See Below |
| Internship | Yes |
| Entrance Exams | CAT, MAT, XAT, etc. |
| Course Fee | INR 3 – 15 LPA |
| Average Annual Salary | INR 4 – 30 LPA |
| Top Recruiters | Accenture, Infosys Limited, EY, HDFC Bank, Amazon.com Inc, Wipro Technologies Ltd, etc. |
| Job Profiles | Operations Manager, Finance Manager, Tech Consultant, Retail Manager, Tourism Manager, HR Manager, Hotel Catering Manager, Marketing Manager, Operations Manager, Financial Analyst, ETC. |
Why
Study MBA+PGPM?
Today, many people aspire to an MBA because
of the many benefits that come with this degree. Many candidates even apply for
an MBA without even realizing why it is worth pursuing. Here are some reasons
why you should pursue an MBA:
1. Job Outlook – The MBA offers many job opportunities and that is why many people prefer the MBA over other postgraduate degrees. The MBA subjects taught help develop many of the skills valued in the business world. An MBA graduate from a prestigious B-School enjoys a head start in management, business intelligence, negotiation and other business opportunities.
2. Career Transformation – An MBA enables people to transform their careers. People today demand more well-paid and more interesting work than just monotonous work.
3. Boosts Personal Reputation – An MBA from a prestigious B-School earns great respect from a variety of companies that have established brand identities.
4. Opportunity to Learn Management and Entrepreneurship Skills – The MBA is not just the theory covered in class. Here people learn many new skills such as public speaking, leadership, conflict management, negotiation, teamwork, etc.
5. Opportunity to create new networks – Networking is very important in the MBA world. Social events and previews are a good platform for building new professional relationships.
6. Distance learning opportunities – Since the pandemic hit the country, universities have gone online, allowing MBA graduates to combine work and study. This allows them to combine full-time study with work.
If you are employed and want to take a
management course to improve your management qualifications, skills and
abilities, you should consider proceeding with PGPM. Other reasons for participating in the
PGPM program are:
1. Can be completed in less time: Most PGPM courses (except the two-year IIM courses) can be completed in one year. At the end of the course, a certificate corresponding to the MBA title will be issued.
2. Learning by Doing: The PGPM course is designed to include a mandatory internship or live project at intervals of 3 to 4 months and sometimes even throughout the year. Such a wealth of internships and live projects does not exist in any other management degree program.
3. Huge Job Opportunities: PGPM graduates have excellent job opportunities in various industries such as corporations, multinationals and IT companies.
4. Higher Salary: The salary package for PGPM applicants is generally between INR 10,000,000 and 25,000,000, which is far more than any other undergraduate degree. This is the main reason why candidates choose this PGPM program.
Eligibility
Criteria
Admission to the MBA depends on the
admission criteria listed in the MBA entrance exams. There are slight
differences in the admission criteria for each entrance exam. After passing the
exams, students must meet different admission criteria than the MBA colleges
they apply to. The main MBA admission criteria are listed in the following
points:
1. To enroll in MBA courses, students must obtain a bachelor's degree in any major from a recognized university.
2. A minimum of 50% completion is required to enroll in MBA programs. The best institutes such as IIM and IIT require a 60% degree.
3. At some colleges, students in reserved categories such as OBC, SC and ST receive a 5% discount off the required percentage.
4. For students in the restricted category, the minimum qualification score is 45%.
5. The Master of Business Administration can be completed by CA/CS/ICWAI certified professionals.
Applicants interested in the PGPM program must meet the following eligibility criteria:
1. Applicant must have a bachelor's degree from a recognized college/university with a minimum grade of 50% or CGPA equivalent.
2. Valid score for accepted entrance exams such as CAT, MAT, GMAT, etc.
3. Some universities, such as IIM, MDI, etc., also take into account candidates' work experience when granting admission, so it can be assumed that work experience is an important criterion for admission to the PGPM.
4. Final year students may also apply for admission to the PGPM program if they can provide a certificate from their director or head of enrollment stating that the applicant is currently in senior year and has at least 50% grades or equivalent grades semester or the last available grades or grades compared to the previous year.
Admission
Process
Below are some details regarding the MBA
admission requirements in general:
1. MBA eligibility requirements for admission differ based on the institution, either through entrance exam scores or on a merit basis. Reputed institutions rely on the admission process based on merit.
2. In addition to nationwide entrance exams such as CAT, CMAT, etc., various states hold their own management admissions test for MBA admission.
3. Some of the state-level exams include MAH CET, OJEE, TANCET, APICET, KMAT, etc.
4. Following the entrance test and the announcement of the results, universities and colleges will announce their cut-offs to begin the admission process.
5. Once the merit list is published, candidates need to go for GD and Interview process.
6. Upon selection, students need to upload the necessary documents and pay the fees.
The admissions process for PGPM starts
with the student meeting the admission criteria and passing the entrance exams
organized by national authorities, institutions or a group of institutions.
Applicants are then asked to take a written test, take part in group
discussions and, after passing the test, have an in-person interview.
Although the admissions process varies
from college to college, here are the steps you generally need to follow to
gain admission:
How to Apply – In order to receive the
application form, you must first use the online portal/offline network. Must be
completed. Upon completion, the candidate must upload/attach the required
documents according to the guidelines and specifications listed.
Selection Process – Selection is based on the
PGPM eligibility criteria for the minimum exam scores listed. In this case, the
university entrance examination can take place. After passing those with good
scores, a contestant will be selected. With or without a loan, the fees are to
be paid according to the fees granted by the institution.
Skills
Required for MBA+PGPM
An MBA degree helps graduates develop
specific skills that are applicable in the professional world and that will
help them excel at work.
The PGPM course promotes those who
aspire to employment in teaching, management or administration. It opens up a
wide range of career opportunities in various international agencies for
budding authors and translators.
Some of the skills required for MBA+PGPM
graduates are:
| Skills for MBA | Skill for PGPM |
| Interpersonal skills | Public Relation |
| Critical Thinking | Analytical Reasoning |
| Digital Marketing | Data Skills |
| Problem-solving attitude | Communication skills |
| Teamwork | Creativity |
Entrance
Exams for MBA+PGPM
The candidate's placement in the
entrance exams decides his admission to the best MBA colleges in India. The MBA
entrance exams are administered at the national, state, and institute levels.
Some universities and institutions or
states may conduct PGPM entrance exams. The exam covers topics such as
quantitative skills, data sufficiency, pie charts, bands, tables, chart
combinations, analogies, antonyms, current events, economics and business, and
many other topics to help you become familiar with the course.
The exams are:
| MAH CET | ATMA |
| GMAT | CAT |
| CMAT | MAT |
| SNAP | XAT |
| CUET PG | NMAT |
Fee
Structure
There are over 6,500 business schools in
India offering MBA programs. The average MBA tuition fees in India range from
INR 3 to 15 LPA. Below is the MBA tuition fee structure of the top colleges:
Course
Comparison
| Parameters | MBA | PGPM |
| Course Name | Master of Business Administration | Post Graduate Program in Management |
| Course Duration | 2 years | 1 – 2 years |
| Course Overview | This is a full-time master’s course in Business Administration. | This is usually a postgraduate level certification course (except 2-year course of IIM which can itself be converted into MBA) in the field of management. |
| Course Level | Post Graduate (PG) | Post Graduate (PG) |
| Course Objective | This course is meant for students who complete their bachelor degree, preferably a BBA, and move to higher studies to pursue a Masters course. | It is a course specifically designed for working professionals to train them for managerial and leadership positions in different industry fields. |
| Admission Process | Entrance Based Admission, and Cutoffs are generally higher as compared. | Entrance Based Admissions, and Cutoffs are generally lower as compared. |
| Career Prospect | INR 10,00,000-20,00,000 (usually less in government colleges like BHU) | INR 8,00,000-20,00,000 |
| Average Annual Salary | INR 10,00,000 to INR 23,00,000 | INR 10,00,000 to INR 20,00,000 |
Top
Colleges of MBA+PGPM
Listed below are some of the top MBA+PGPM
Colleges in
India which offer the course:
| Name of College | Average Annual Fee (INR) for PGPM | Average Annual Fee (INR) for MBA |
| IIM Ahmedabad | INR 11,50,000 | INR 24,61,000 |
| IIM Calcutta | INR 11,10,000 | INR 27,00,000 |
| IIM Indore | INR 8,05,000 | INR 8,05,000 |
| IIM Kozhikode | INR 9,50,000 | INR 20,50,000 |
| IIM Shillong | INR 11,50,000 | INR 11,50,000 |
| IIM Trichy | INR 9,15,000 | INR 9,15,000 |
| SP Jain Institute of Management and Research (SPJIMR) | INR 9,80,000 | INR 20,42,000 |
| Management Development Institute (MDI) | INR 8,00,000 | – |
| Institute of Management Technology (IMT) | INR 1,00,000 | – |
| Great Lakes Institute of Management | INR 15,86,000 | – |
| IIM Bangalore | – | INR 24,50,000 |
| IIT Delhi | – | INR 10,40,000 |
| IIT Lucknow | – | INR 14,30,000 |
| National Institute of Industrial Engineering, Mumbai | – | INR 21,14,222 |
| IIM Indore | INR 21,14,222 | INR 21,14,222 |
| XLRI-Xavier School of Management | – | INR 21,70,000 |
| IIT Bombay | – | INR 8,74,000 |
| IIT Raipur | – | INR 15,83,800 |
| IIT Rohtak | – | INR 11,08,000 |
| IIT Kharagpur | – | INR 8,94,400 |
| IIT Madras | – | INR 11,200 (First Year Fee) |
| IIM Udaipur | INR 22,60,000 | INR 22,60,000 |
| Symbiosis Institute of Business Management | – | INR 26,98,000 |
| IIT Roorkee | – | INR 9,69,000 |
| IIT Kashipur | – | INR 18,36,000 |
Jobs
and Placements in MBA+PGPM
The MBA salary depends on the MBA
specialization chosen by the students. After an MBA in India, the average MBA
salary is around 4,000,000 to 32,000,000 per year. The types of
MBA jobs you can ultimately pursue will depend on the MBA major you choose.
With the right application, you can improve your resume and increase your
chances of getting an MBA job.
Management students with a Marketing
major are the most frequently chosen. The student's chosen MBA specialization,
experience, industry, institution or university they graduated from, and title
are just a few of the important variables that determine salary.
The average annual salary of PGPM
graduates ranges from Rs. 3 lakhs to Rs. 20 lakhs. Many graduates from top
institutions earn an average salary of Rs. 13 lakhs - Rs.20 lakh as starting
salary.
The MBA is a highly qualified degree and
opens up a wide range of opportunities for applicants. Whether you work in the private,
public or government sector, or decide to pursue a career in entrepreneurship,
an MBA degree will have a major impact on your professional development.
The career prospects after the MBA
degree are varied. Career prospects vary depending on which B-School the
candidate graduated from. The best B schools in India like the Indian Institute
of Management have the best internship strategies and their students are more
likely to achieve top positions in the industry. Immediately after the MBA degree,
candidates can apply for an internship in the best professional sector.
One of the main reasons students pursue
an MBA is to receive a lucrative job offer after completing their MBA. The
credibility of a good university MBA is assessed on the basis of various
factors, one of the most important being the internship opportunity offered.
ROI or ROI is a key metric that MBA candidates should consider when choosing an
MBA college. The ROI is just a comparison of the average MBA fee versus the
average of the internships offered by School B.
Although not a diploma course, the PGPM
offers excellent career opportunities for professionals. If you decide to take
a PGPM course at the right time in your career, it can be very rewarding for
you. Students with work experience and formal management training in the form
of a PGP course are in high demand for leadership positions in the business
world. PGPM salaries for top students can easily exceed Rs. 10 LPA and
salaries from Rs.20 - 25 LPA are also quite common in practice. In fact, the
average salaries of PGPM students at top universities consistently exceed Rs.
20 LPA.
Due to the shorter duration of the
courses, students can earn money earlier than in undergraduate or postgraduate
studies and benefit from additional work experience. What makes the course
particularly beneficial is the business exposure it provides.
Many students completing the PGPM do so
while keeping their jobs. These professionals also see an increase in their
professional status and salary after completing this course. Professionals can
use their best managerial and administrative skills to negotiate higher pay
packages, and companies are willing to pay candidates who can bring those
skills to bear.
Top International Recruiting Companies who hire MBA+PGPM
graduates are:
| Top MBA Recruiting Companies | Top PGDM Recruiting Companies |
| Flipkart | Cognizant |
| Nestle | Accenture |
| ITC | Bharti Airtel |
| HDFC | Flipkart |
| ICICI Bank | Amazon |
| JP Morgan Chase & Co. | ITC |
| Mahindra | Deloitte |
| McKinsey & Company | Citi Bank etc. |
Job
Profiles
Some of the famous expert
avenues open to successful graduates of the MBA+PGPM degree
are indexed underneath with the corresponding salaries provided for the
respective positions.
| Job Profile | Job Description | Average Salary in INR |
| Manager | A manager is a person who manages different functions of a firm such as planning, implementing, and monitoring operations, looking after the business health of the organization and much more. The basic job role of a manager is to manage various operations within the organization. | INR 11,50,000 |
| Sales Manager | A sales manager is responsible for the management of all the tasks involved in the sales process. This professional is also responsible for ensuring that the targets are met and that profits are maximized. | INR 8,00,000 |
| Marketing Manager | A marketing manager is responsible for various tasks and responsibilities related to marketing such as campaigns, sales tasks, client proposals and marketing of different products. | INR 11,00,000 |
| HR Manager | A human resource manager is responsible for the management of the human resources function of an organization. His or her responsibilities include the recruitment process, employee relations, and professional dispute resolution. | INR 8,00,000 |
| Retail Manager | A retail manager is responsible for managing and overseeing all the operations in a store, organizing schedules, establishing prices of products, managing inventory, supervising staff and much more. | INR 6,66,385 |
| Tourism Manager | The job role of a tourism manager includes directing and coordinating tourism programs, promoting and advertising tourism, growing tourism-related revenues and more. These managers may also have to give public presentations and technical training in order to provide information to people. | INR 4,50,000 |
| Catering Manager | The job role of a catering manager involves management of all operations related to catering starting from selecting food and beverages menu to serving them. Their job also includes management of chefs, assistants and all other staff involved in the catering. | INR 5,20,000 |
| Management Consultant | A management consultant is responsible for identifying problems in an organization and suggesting solutions to the management. These consultants advise different strategies and plan for the organization for its growth. | INR 23,00,000 |
| Finance Manager | The job role of a financial manager is to advise the organization on investment activities and to make strategies for that. Finance managers need to provide financial reports and interpret financial information for other managerial staff. | INR 14,90,000 |
Scope
for MBA+PGPM
The Future Scope of Master of Business
Administration MBA+PGPM is quite bright. This degree is designed to
prepare students for a career in business management. They may opt for the
PGPM, which is a two-year full-time course. It is designed for working
professionals who have less than two years of experience and want to enter the
field of management. The course includes theory and practical learning, which
helps students to develop critical thinking and management skills.
The Post Graduate Program in Management is a two-year
postgraduate degree. It specializes in business and management studies. It is
one of the most popular types of jobs worldwide. It prepares graduates for
positions in many international fields and sectors. Some of the common job
roles include HR, Manager, and Retailer. However, this degree program also
offers a variety of specialized job options, including consulting, sales, and
product development.
The Post Graduate Programme in Management aims to equip
working professionals for a challenging leadership position. Unlike the MBA,
the Post Graduate Programme in Management aims to improve management skills and
foster professional development. The coursework of the Post Graduate Program in
Accounting (PGP) is similar to that of the MBA, but the course length is
shorter than that of the MBA. Because of the shorter duration, this degree is
perfect for working professionals who need to advance their careers in their
field of choice.
MBA+PGPM:
Career Prospects
The PGPM course emphasizes research work,
internships, and industry exposure. This course is ideal for those with
previous experience. Most PGPM graduates earn 13 to 20 lacs per annum. Once
they complete the program, they can expect to enter a variety of positions.
Here are some of the benefits of this course: 1. The job market is highly
competitive. PGPM graduates can easily find a job in their field of study.
The PGPM course is shorter than the MBA.
Moreover, a PGPM student has the advantage of gaining corporate exposure, which
helps him land a better job. Many PGPM graduates keep their jobs after
finishing the course. Upon graduation, they will find their salaries and
position improve. In addition, many companies are willing to pay more for a
graduate with management skills.
A PGPM degree can be very beneficial for
professionals who are already employed. It is a highly sought-after degree,
which provides a wide variety of job opportunities. The course is usually
short, but it does provide students with essential skills for corporate roles.
The salaries for prominent job profiles are also very lucrative. A Finance
Manager, for example, can earn as much as INR 9,30k a year. Similarly, a
Business consultant can earn up to INR 7 – 6 LPA.
FAQs
(1). What is the full form of MBA?
Ans: The
full form of the MBA is the Master of Business Administration, a two-year
postgraduate degree in business administration.
(2). What are MBA subjects?
Ans: Some of
the MBA subjects are corporate communications, marketing management,
organizational behavior, human resources management, computer applications and
management information systems, quantitative methods, financial accounting and
business administration.
(3). Which professions are chosen most
frequently by MBA candidates?
Ans: Sales
manager, executive manager, operations manager, human resources manager, and
supply chain manager are among the most in-demand jobs for MBA candidates.
(4). Is an MBA a Good Career?
Ans: An MBA
is a smart choice if you want to accelerate your career. The Master of Business
Administration (MBA) is more in demand than ever because of the skills students
can learn. The MBA opens up a wide range of career opportunities in management
positions for students from all walks of life.
(5).
What is the recruitment process for an MBA program like?
Ans: Admission
to the MBA course at private and state universities is based on a national,
state or university entrance examination.
(6). What are the MBA requirements?
Ans: The MBA
requirement is a bachelor's degree in any major that qualifies for admission to
the MBA graduate program.
(7).
What is an MBA program?
Ans: MBA is
a postgraduate program that provides practical and theoretical knowledge in the
fields of economics, finance and investment management. The Master of Business
Administration is a two-year professional degree. MBA degrees can be offered in
various modalities such as: B. as online MBA, part-time MBA, distance learning
MBA, embedded MBA and executive MBA.
(8). What are the advantages of PGPM?
Ans: The
biggest advantage of PGPM courses is that they are faster than equivalent MBA
programs and offer excellent internship opportunities.
(9). What are the disadvantages of PGPM?
Ans: The
fact that it is a certified degree limits the scope of higher education. At the
same time, this course is specially tailored to working people and has many
advantages on the job market.
(10).
Is the one-year PGPM course at the Great Lakes Institute of Management
really as good as it says it is?
Ans: According
to the institution's website, the flagship program offers over 95% of
internships with good internship and job opportunities.
(11).
MBA or PGPM, which is better?
Ans: It
depends on various factors. The IIM PGPM awards MBAs after two years. While
other institutions like Great Lake offer annual certificate courses like PGPM.
Overall, the PGPM is limited in terms of
higher education opportunities but offers many advantages over the MBA in terms
of internships and life projects.
(12).
Which of the MBA, PGPM and PGDM programs is the most valuable in the job
market?
Ans: Recruiters
consider all three majors to be equivalent, but most recruiters prefer students
with an MBA. But it all depends on the recruiter, the needs of the company, the
skills and qualities required for the job, and other factors.
(13). Does the PGPM have the same value as an MBA?
Ans: Both
are equal in terms of job opportunities, but if you want to pursue higher education,
you'd better get an MBA.
(14). PGPM or PGDM, which is better?
Ans: It
depends on the circumstances. The scope of tertiary education is limited for
PGPM programs but offers a greater benefit in terms of internships and career
opportunities.
(15). Which private university is best for taking
PGPM courses?
Ans: Management
Development Institute and Great Lakes Institute of Management are among the
good PGPM private schools in India.
(16). What entrance exam does Great Lakes accept for
admission to PGPM courses?
Ans: Great
Lakes accepts any CAT/CMAT/GMAT/XAT score for admission to PGPM courses.
2 Years
Post Graduate
Management
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