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The decision of whether to pursue the MBA (Master of Business Administration) as well as the PGDM (Post Graduate Diploma in Management) is among the major career decisions made by those who want to become business executives. As a matter of fact, both of these degrees have become a hit across the country in recent years, in particular, in cities like Jaipur, where numerous institutions are providing high-quality management education, such as the Faculty of Management Studies at the Indian Institute of Rural Management (IIRM) College, Jaipur. However, when you consider career advancement and pay, which is the better choice? Let's look at it in detail.
What is an MBA?
The MBA program that colleges and universities, as well as their affiliated institutions, offer. It is widely accepted and offers solid theoretical foundations in management and business.
Advantages of an MBA
The world-wide recognized standard
The structured curriculum focuses on the theory
Easier for higher education (PhD) or government jobs
Alumni networks of reputed institutions
What is a PGDM?
The PGDM Courses are offered by independent institutions that are endorsed by AICTE, and those that are accredited by them provide degrees in the field of management. Although technically it is a degree, the relevance to industry is as effective as an MBA.
Advantages of a PGDM
Updated, industry-focused curriculum
Greater emphasis is placed on the practical aspect and case study
PGDM placement may be more effective with better corporate connections
Particularizations in new fields
|
Feature |
MBA |
PGDM |
|
Awarded by |
Universities |
Institutes that are AICTE-approved |
|
Curriculum |
More academic |
Industry-driven |
|
Recognition |
Grad, global value |
Similar to an MBA (in the corporate world) |
|
Flexibility |
Less frequent updates |
Regularly up-to-date |
|
Placements |
The strength is there, but the quality is different |
Colleges that are more focused on the industry. |
In terms of salaries In terms of salaries, the MBA and PGDM graduates are paid competitive salaries. It is usually in the institute and not the program's name. For instance, a PGDM at a well-known institution could fetch more than an MBA from a standard university.
In IIRM College Jaipur, for example, the MBA and PGDM courses are developed to be in line with the industry's requirements. Students get hands-on experience by working in internships, live projects, as well as corporate tie-ups that significantly increase employability and potential salary opportunities.
MBA graduates of tier-1 schools will earn between 8 and 20 LPA.
There is a growing trend in PGDM colleges from reputed programs, such as IIRM College in Jaipur, getting offers that range from Rs6-15 lakh based on specialization.
The fields of Finance, Marketing, as well as Business Analytics generally have the most money.
Industry-Aligned Curriculum The curricula for both MBA as well as PGDM programmes are constantly modernized to meet the latest industry developments.
The MBA Placement Cell at IIRM has strong connections with companies and is capable of placing top-quality MBA graduates in companies.
Specificizations In Demand: Rural management, Marketing, Agribusiness Management, Finance, HR, and analytics, catering to current industry requirements.
Location Advantage: Located in Jaipur, ur city is becoming an economic hub that offers networking opportunities.
The question is, MBA vs PGDM--who wins the game of salary? This isn't as straightforward in choosing one over another. The amount you earn will depend on the school you select, as well as your area of expertise and the level of your performance. In Jaipur, Institutes such as IIRM College Jaipur make sure that no matter if you go for the MBA or PGDM, and will graduate with a solid foundation, as well as practical experience, and an opportunity to earn a lucrative job.
Q1: What is PGDM more effective than MBA in earning a salary?
Salary is more dependent on the credibility of the institution than on the name of the course.
Q2: Does IIRM Jaipur offer unique specializations like Rural Management?
Indeed, IIRM provides both, offering industry-specific education and assistance with placement.
Q3: Are PGDM salaries always higher than MBA?
For India, PGDM is equivalent to an MBA in terms of job opportunities. To study abroad, certain schools may require an MBA diploma.
Q4: Is PGDM at IIRM recognized globally?
Finance Marketing, Finance, along Business Analytics are the highest-paying specific areas.
Q5: Can IIRM’s MBA graduates compete with IIM or XLRI salaries?
Cities like Jaipur offer strong exposure to corporations and a growing number of opportunities for MBA students.
