Master of Business Administration [MBA] + Post Graduate Program in Management [PGPM]

  • course years 2 Years
  • type of course Post Graduate
  • course stream Management
  • course type Full Time

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:

Name of College Average Annual Fees
MBA
NMIMS Mumbai INR 10 LPA
SIBM Pune INR 9.5 LPA
Chandigarh University INR 2 LPA
Welingkar College Mumbai INR 5 LPA
Amity University INR 6 LPA
PGPM
IIM Kozhikode INR 9.50 LPA
Great Lakes Institute of Management INR 15.8 LPA
IMT INR 1 LPA
MDI INR 8 LPA
SPJIMR INR 9.8 LPA

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.

Student Also Visited

BANNER-agbs
logo-agbs
Amity Global Business School Bangalore
Bangalore,
AGBS banner
AGBS logo
Amity Global Business School Chennai
Chennai,
banner
logo
Govindam Business School (GBS) New Delhi
New Delhi,
ATM GBS, New Delhi
ATM GBS logo
ATM Global Business School (ATM GBS), New Delhi
New Delhi,
Banner
Logo
International Institute of Fashion Technology - [IIFT], New Delhi
New Delhi,
Banner
Logo
International College of Fashion (ICF), New Delhi
New Delhi,
banner
Logo
IZEE Business School - [IZEE], Bengaluru
Bengaluru,
Banner
Logo
Community Institute of Management Studies - [CIMS], Bengaluru
Bengaluru,
Banner
logo
Adarsh Business School - [ABS], Bengaluru
Bengaluru,
banner
logo
K L University - [KLU], Guntur
Guntur,
Trending Now
Universitykar Loader
back back
Trending Courses View All
Top