Can I Do MBA and PGDM Together?

The pursuit of business management qualifications is a common aspiration for many students. The dual combination of MBA (Master of Business Administration) and PGDM (Postgraduate Diploma in Management) has been a topic of interest and curiosity. This article aims to clarify the feasibility of simultaneously pursuing both programs, detailing the advantages and challenges of each path.

Understanding MBA and PGDM

MBA stands for Master of Business Administration and is a degree awarded by universities, while PGDM stands for Postgraduate Diploma in Management, which is awarded by AICTE-approved institutions. Both degrees are designed to equip students with the skills necessary for managerial roles in various industries. However, each has its unique features:

MBA

Offered by universities Two-year duration Focused on theoretical and practical aspects of business administration

PGDM

Offered by AICTE-approved institutes/colleges Two-year duration Fusses more on practical management skills, with a heavy emphasis on case studies and industry exposure

Due to the practical insights provided during PGDM courses, many employers in India and abroad prefer candidates with this degree. The rigorous classroom experiences and internships ensure that students are well-prepared for the business environment.

Combining Both Degrees

While it's common to pursue one degree at a time, it is indeed possible to complete both MBA and PGDM simultaneously or sequentially. For instance, you can pursue both degrees part-time, online, or through a joint degree program offered by select institutions.

Joint Degree Programs

Pune Institute of Business Management (PIBM) is a prime example of an institution that offers a Joint Degree Dual Program. In this program, you will receive a PGDM degree from PIBM and an MBA degree from the Lawrence Technology University. This program is part of a global initiative, providing you with a diverse set of opportunities and exposure, including global placements.

Indira Gandhi National Open University (IGNOU)

IGNOU allows students to take admission in two programs at the same time, making it another viable option for pursuing both MBA and PGDM concurrently.

Value and Parity of MBA and PGDM

MBA and PGDM are both two-year full-time management courses, offering a wealth of knowledge and practical training. However, the choice of the school and the quality of training provided during the two-year period significantly impact the final outcome. While both degrees hold value, it's crucial to consider the specific training and exposure you receive.

PIBM: A Leading Institution

PIBM, my cousin's alma mater, is renowned for providing comprehensive business management education to its students. PIBM offers a diverse range of training methods, including SCPS training, JD-based training, and simulation training. Moreover, the institution places 6000 students at managerial positions in top multinational corporations such as Deloitte, Reliance, Amazon, KPMG, CIANS Analytics, EClerx, LG, Haier, ITC, Reckitt Benckiser, Dabur, Marico, Parle, Bisleri, and many others.

Practical Benefits and Placement

One of the most significant advantages of pursuing both MBA and PGDM is the enhanced practical exposure and improved career prospects. PIBM offers a package of 17 LPA (lapping approximately 17,00,000 INR per annum) and a typical average package of 6.5 LPA (lapping approximately 6,50,000 INR per annum). This exposure and placement support significantly contribute to student success in the professional world.

Based on these factors, it is indeed possible to pursue both MBA and PGDM simultaneously, provided you manage your time and resources effectively. For those seeking a comprehensive business education, PIBM and similar institutions provide unparalleled opportunities and placements.