Difference between PGDM in Finance & MBA in Finance

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• MBA vs PGDM
• MBA is the traditional choice for Management
  studies while PGDM offerings are more recent and
  have been witnessing growing demand. There are
  about 5000 MBA colleges in India including
  private as well as government colleges. Whereas,
  there are roughly 3500 colleges of PGDM in mumbai
  with about 79 institutions added in the academic
  year 2022 - 2023 to the list.
• Key Differences between an MBA a PGDM course
• The PGDM course is offered by AICTE approved
  institutes. The All India Council for Technical
  Education is a national-level statutory body
  under the Department of Higher Education,
  Ministry of Education is responsible for the
  development, approval, and implementation of
  technical education in India. The curriculum of a
  PGDM course goes through revision once a year and
  is updated as per the latest industry trends. The
  curriculum is designed by the Board of Studies
  which consists of Industry Experts, Alumnis, and
  Faculties which make the PGDM curriculum industry
  relevant.
• Another major difference in the curriculum is the
  practical nature of the courses. An MBA course is
  more theory based whereas a PGDM course focuses
  on the practical aspect of running a business and
  has more hands-on projects throughout the
  learning phase.
• The PGDM courses offered by most business
  colleges in Mumbai including the Vivekanand
  Business School are accredited by the Association
  of Indian Universities (AIU) which makes it
  equivalent to an MBA degree from an Indian
  University.
• The dynamic nature of a PGDM course makes a PGDM
  graduate a more preferred talent as they are
  already aware of the current industry challenges
  and have learned techniques to overcome them.

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What is the difference between PGDM in Banking
Finance and MBA in Finance

• Introduction
• The life of a Management Student goes through a
  few critical checkpoints and one of the most
  crucial checkpoints is placed right at the start
  when one has to decide whether to pursue an MBA
  or choose a PGDM course.
• Both MBA PGDM are two-year-full time
  post-graduate programs in Management Studies
  focused on enabling students with skills and
  techniques to manage and optimize business
  operations effectively.
• As with any crucial decision in life, you must
  evaluate all aspects of the choices you are about
  to make. Heres an article covering the
  differences between an MBA and a PGDM course. The
  article will help you evaluate which of these two
  is the best fit for you!

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• Differences between PGDM in Banking Finance
  MBA in Finance
• When it comes to the specialization of finance,
  both MBA and PGDM programs can provide students
  with a solid understanding of financial concepts
  but the analytical skills are only majorly
  provided in the PGDM course. MBA institute in
  mumbai their curriculum is more of theoretical
  based with no practical knowledge.
• Some PGDM programs may have a broader curriculum
  that covers topics such as marketing, operations,
  analytics and strategy in addition to finance and
  also may have a more focused curriculum with
  specialized courses in finance. So instead of
  pursuing an another co
• A Postgraduate Diploma in Management / PGDM in
  Banking and Finance is the perfect program for
  students who wish to gain specialized knowledge
  and practical skills in this field. The next
  generation of professionals needs to upgrade
  their skills and broaden their perspectives in
  order to compete in today's fast-paced business
  environment. Vivekanand Business School, one of
  the top schools for PGDM Banking Finance, has
  included 5 Analytics focused subjects in its
  curriculum and offers more than 25 complimentary
  certification courses from the NSE Knowledge Hub
  that cover a variety of financial modules.
  Students are exposed to not only financial
  practices but also the banking industry,
  enhancing their professional knowledge. A PGDM in
  Banking and Finance at Vivekanand Business School
  not only provides students with a comprehensive
  education in the principles of banking and
  finance but also equips them with the necessary
  skills to succeed in top-level positions. These
  skills include critical thinking,
  problem-solving, and strong communication skills,
  which are highly valued by employers in the
  financial sector.
• Ultimately, the value of an MBA or a PGDM program
  for finance depends on the specific program's
  content, the quality of faculty and resources,
  and how well the program aligns with the career
  goals.

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• Eligibility criteria Entrance Exams
• The admission process for MBA and PGDM is quite
  similar. Both MBA and a PGDM course accepts a
  wide range of competitive entrance exams and
  involve written tests, group discussions, and
  personal interviews.
• The eligibility criteria for both MBA and a PGDM
  in Mumbai are mostly the same. Both the courses
  require the student applying to have completed a
  bachelor's degree from a recognized institute.
  The cut-off percentage differs from one institute
  to another. However, most institutes require a
  score of at least 50 and above.
• Students must qualify for national or state-level
  entrance exams such as CAT, XAT, MAT, CMAT, GMAT
  CET. Students can also appear for private
  entrance exams like SNAP, TISSNET, IIFT, NMAT,
  IBSAT and etc to apply for the respective private
  colleges.

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• Specialisations
• MBA institutes in Mumbai and PGDM colleges in
  Mumbai have many specialisation options. The
  common specialisations include Banking Finance,
  Marketing, Human Resources, Retail, Operations
  Supply Chain Management, and IT PGDM in
  Business Analytics and PGDM in Data Analytics
  which is currently provided by very few
  institutes.
• Job Opportunities Salary
• This is where the major difference between an MBA
  and a PGDM course starts to manifest. Because a
  PGDM course is so dynamic in nature the students
  find themselves well-acquainted with the current
  industry challenges and practices which naturally
  allows them to perform better during interviews.
• Companies looking for Management professionals
  also tend to exhibit a preferential bias towards
  PGDM candidates as they are prepared to deal with
  emerging challenges and know their way around
  meeting industry needs.
• The starting salary of an MBA graduate is
  generally in the range of 5 - 10 LPA while that
  of PGDM graduates is 7 - 15 LPA.
• Management graduates are generally appointed as
  Business Analysts, HR Managers, Finance advisors,
  Marketing Managers, Investment Bankers, Data
  Scientists, Project Managers, Tax Specialists,
  Auditors, Business consultants, etc.

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• Themes you must consider while choosing between
  an MBA a PGDM course
• Identify your priority Are you looking to learn
  a theory-based course or do you wish to pursue
  more practical coursework
• Evaluate the curriculum Compare the curriculums
  of the various colleges and specialisations you
  have shortlisted between MBA and PGDM courses.
  Evaluate which of these curricula is enabling you
  with the skills you need to ace the current work
  environment
• Visualise your long-term goals Figure out what
  is more important to you. What job role do you
  find yourself most aligned to and how much salary
  do you expect for yourself?
• A key point to note is that PGDM has unique
  characteristics. The programs offered by
  Vivekanand Business School provide a career edge
  to its students through a cross-disciplinary
  approach that emphasizes technology, data
  analytics, and leadership skills during the
  learning phase, which makes us the best PGDM
  College and PGDM our course the perfect choice
  for Management studies.

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Conclusion

• Choosing between an MBA and a PGDM course can be
  nerve-wracking. But be that as it may, it is one
  of the most crucial decisions you are about to
  make. There is no doubt that both an MBA and a
  PGDM course have a common goal of providing you
  with the skill sets and abilities to manage a
  business effectively. However, It all comes down
  to which of these courses is placing you in the
  position of leverage.

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