This article was updated on 1 June, 2020.
Are you someone who has completed their graduation in B.Com and are now wondering what to do next? You are confused between two options- PDGM & MBA. Do not worry, this article will help you understand the basics of the two courses. So, let’s begin!
B. Com stands for Bachelors of Commerce. This is a three-year undergraduate degree that focuses on the discipline of accounts.
You see, BBA and B. Com, are the two courses that are involved in commerce at the undergraduate level. But the only difference among them is that BBA focuses on Management and B. Com focuses on Accounting.
Now coming to the main topic, if you have done B.Com at your undergraduate level and you are confused about what to choose among MBA and PGDM, then you have come across the right place.
To move further let me elaborate both for you so that you can easily understand the perspective and the mechanism of MBA as well as PGDM and do not feel confused at all.
Also, before we begin let me tell you one thing, as your field is commerce, so both, MBA or PGDM, will serve Finance as their specialization, so you can totally relax on that. Your discipline will remain the same and it is obvious that if you want to switch then, there are many more specializations in different disciplines available out there.
Masters of Business Administration is a two-year post-graduation course. The focus of an MBA is to teach the students the administration or in other words the structure and how the whole mechanism works.
A student who would be doing a job or say business should know how to create a presentation. At times, the presentation helps to describe your whole company. So you never know when your boss would give you a sudden order to make a presentation and BAMMMM you will be scared! So, one should know how to form a presentation.
Same goes for report writing. There are tons of workshops and seminars held out there to teach the students to make a report. Because the involvement of report making is major in the world of business.
Communication is the key to everything, be it verbal or non-verbal. Communication is something that helps you to express yourself. And without expressing yourself, you cannot put your idea out there. So, every corporation or organization expects to have at least an intermediary level in communication.
A candidate should have the confidence to face any obstacle coming in its way only then, can he or she became a permanent employee in an organization. And personality is something that defines his or her perspective. And perspective is something that can be seen through a person’s attitude. So, all these things are molded in MBA so that a student does not mess up at the time when he or she is representing a company.
MBA students generally end up becoming the managers of an origination. The most important duty of a manager is to participate in the decision-making of the company because he or she is the one who is dealing with the colleagues, clients as well as employees. Also, he or she is the one who at times, is representing the company to the outside world which shows that his or her decision is very important at the time. Also, a manager should be a problem solver no matter how difficult or say, sudden the situation is. The manager should always tackle the problem calmly and handle the situation wisely.
PGDM is a Post-Graduation Diploma in Management. Just like MBA concentrates or focuses on Business Administration, PGDM focuses on Management.
You see this 2-year diploma course provides you in-depth knowledge about the importance of management and not just that, it also focuses on the specialization you have chosen, so let’s say that you have chosen finance, then they key subjects for your 2-year diploma course becomes Management and Finance (basically Accounts).
Management is something that is quite beneficial. Actually, it is the only thing that makes a difference. Without management, things are impossible to be done. The true definition of management is to organize, manage, staff, direct, plan, control, cooperate, coordinate, motivate, analyze, etc. to get things done as per the goals and objectives of the organization.
PGDM teaches you how management is distributed in every field and is present everywhere. So whatever field you have, you would be having management in the same.
PGDM teaches you the importance of research and how research is the only thing that becomes the starting point for everything. You see without research; it is nearly impossible to bring out conclusions. Even experimentation is inclusive in research. You cannot just mix up some ingredients and force someone to eat. Research is a vital part of the organization.
PGDM also teaches various types of interpersonal skills that help to mold a student into a better person. Our behavior can either lead us towards success or can drown us in a big ocean. So, we need to be careful about how we take care of our personality and what sort of actions do we make out there. Because of our attitude, as well as, our actions define our perception. And perception, my friend, is everything!
There are many skills that are being taught in both PGDM as well as an MBA. If research is being taught in PGDM then the business analysis is being taught in MBA. It’s always like potato-potata.
All you need to observe is that MBA focuses on Business Administration and PGDM focuses on the Management. Now it’s your call to pick whichever you feel like, cause if you are pursuing B. Com, MBA as well as PGDM, both have Accounting/ Finance in their specialization.