At ambitions you get the following benefits while applying for admissions to management courses:
For students who are planning to join management courses and are looking to clarify their doubts or need some expert counselling, Ambitions provides completely FREE counselling services. The students are only advised to take prior appointment from our office for availing the services (Details of our management team is mentioned in ‘About us’ page on our websitehttp: http://ambitionsmba.com/management-team/.
For high school students who are seeking career counselling for making informed career choices, we conduct scientific psychometric assessment and follow up with a hour of personal counselling with our expert counsellor for a nominal charge. For more details visit our webpage http://ambitionsmba.com/ambitions-career-counselling-services/
This is the mostly commonly asked question among management aspirants, In India a master’s or a Post Graduate program is offered in the forms of PGDM/MBA/PGPM. Below is a table which illustrates difference between PGDM/ MBA/ PGPM:
|Point of Difference||PGDM||MBA||PGPM|
|Approval||Offered by Autonomous Institute and needs to be approved by AICTE, under ministry of HRD to be called as a recognized program by the government of India. Most of the PGDM colleges offer only management programs and are specialized in offering such program. Examples: IIM’s, XLRI, IMT, SP Jain, etc.||Offered by Deemed Universities or Independent colleges, approved by AICTE and affiliated to an UGC recognized university. The course needs to be run on a full-time basis in the college and NOT offering a distance learning degree or foreign university degree to be called as a recognized program by the government of India.||Not approved by any government body and is run like a certification program as per the college self-guidelines. This course is only considered as a vocational program and is not recognized by the government of India as a master’s program, hence is not regulated.|
|Duration||2 years full time with either semester or trisemester system||2 years full time with either semester or trisemester system||2 years full time with either semester or tri-semester system|
|Specialization offered||All specializations offered||All specializations offered||All specializations offered|
|Jobs||All companies consider it as master’s program and placements offered differ from college to college.||All companies consider it as master’s program and placements offered differ from college to college.||Recognition has mostly no impact on private companies considering PGPM students.|
|Focus||Skill development, internships and placements.||Projects, research, and knowledge. Placements dependent on the institute offering the program.||Skill development and placements|
|Government Jobs||Eligible||Eligible||Not Eligible|
|Education loans||Eligible||Eligible||Mostly not Eligible by nationalized banks|
|Further studies||Eligible for further studies in any other country or for pursuing Ph.D (depending on university)||Eligible for further studies in any other country or for pursuing Ph.D||Program is not considered equivalent to master’s program in any other country and not eligible for Ph.D as the course is not recognized.|
|Value of the program in other countries||Has lesser value in developed countries like USA, UK or France||Has more value in developed countries like USA, UK or France||Has No Value in developed countries like USA, UK or France|
|Eligibility||Must have passed in any recognized graduation program with a minimum 50% (in case of open category) and qualified in any national or state level entrance test like CAT, XAT, MAT, ATMA, CMAT, GMAT or sometimes Institutes own test (eligibility score might vary from college to college). Further the student might need to qualify in the GDPI conducted by the College.||Must have passed in any recognized graduation program with a minimum 50% (in case of open category) and qualified in any national or state level entrance test like CAT, XAT, MAT, ATMA, CMAT, GMAT or sometimes Institutes own test (eligibility score might vary from college to college). Further the student might need to qualify in the GDPI conducted by the College.||As per the college Norms.|
|Curriculum & assessment||Self-designed by the college and autonomy in following their own assessment or examination system||Regulated by University norms||Self-designed by the college and autonomy in following their own assessment or examination system|
|Faculty||Mostly industry oriented along with Academic faculty||Mostly academic faculty as regulated by UGC norms||No regulation|
|Others||Is considered equivalent to master’s program, while applying for immigration to countries like Canada or Australia||Is considered equivalent to master’s program, while applying for immigration to countries like Canada or Australia||NOT considered equivalent to master’s program, while applying for immigration to countries like Canada or Australia|
|Conclusion||For all practical purposes PGDM and MBA programs are considered mostly equivalent, until they are approved by the relevant government body and the unrecognized PG programs or colleges normally offer PGPM and joining such courses is left to the discretion of the student, while considering the above-mentioned points.|
With globalization, privatization, and growth in economy many colleges are offering different specializations beyond the traditional Marketing, Finance, HR, and Operations specializations. A student today has an option of pursuing dual and triple specializations during once course, so as to improve their career opportunities. A list of various specializationsoffered in different collegesare mentioned below:
|Marketing||IT Management||International Business||@Travel & Tourism Management||Event Management|
|Finance||Infrastructure Management||Rural Management||Construction and real estate management||Retail Management|
|Human Resources||Banking, Insurance, Finance, and Allied Services (BIFAS)||Telecom Management||Advertising and Brand Management||Digital and Ecommerce Management|
|Operations||Supply Chain & logistics Management||Hospitality Management||Media Management||Business Analytics|
|Pharma Management||Agriculture Management||Hotel Management||Fashion Design & Luxury products management||Sports & entertainment Management|
|Food science Management||Entrepreneurship Management||Strategic & Leadership Management||Environment and sustainable development management||Hospital Management|
For understanding the scope, eligibility, and job opportunities for each of the specialization, Please call us on 9700808899/ 8801137754 or register online on our website (http://ambitionsmba.com/queries/) for fixing an appointment with our experts to help you in getting detailed information related to specializations.
Normally most students select specialization based on their previous degree and job opportunities, though they are to be considered while selecting your specialization but are not the most important. The first thing which a student needs to consider while selecting specialization is matching the specialization area to his/ her potential or strength area. Which requires one to have a self-understanding. In case you have difficulty in understanding your own potentials or strengths, we strongly recommend you take the Free Psychometric Test available on our website for us to help you in understanding yourself. (http://ambitionsmba.com/psychometric-test/)
Most of the students normally consider ‘Placements’ as the only criteria while selecting a college for pursuing the program of their choice. However, one has to understand that though Placement is an important attribute one needs to consider, it is the least guaranteed aspect which a college can offer, when compared to many other parameters on which one needs to consider while joining any college. Moreover, most of the colleges today claim good placements and offer similar benefits, which makes your decision making further difficult. Below is a brief list of other features which one could consider while selecting a college:
|Placement||To improve qualification||Fees Charged/ Budget||Strong Alumni||Schedule of the college||Sports|
|Skill development||Infrastructure||Return on Investment (ROI)||Management of the college||Assessment system||Industry interaction|
|Better College life||College brand||Location of the college||Great Campus environment||Guest lectures||Project works|
|Building Entrepreneurship skills||Recognition from government||Faculty||Interactive class room sections||Internships||International trips|
|Change in career||Additional accreditations||Curriculum||Application based learning||Seminars and workshops||Security|
|Extend college life||Specializations offered||Extra benefits offered||Quality of classmates||Events||Building professional skills|
If you still find it difficult to evaluate and shortlist the college you want to join, Please call us on 9700808899/ 8801137754 or register online on our website (http://ambitionsmba.com/queries/) for fixing an appointment with our senior expert counsellor to help you in scientifically & objectively selecting the college which you would like to join.
B-School is a term used to refer any college which offers exclusively management courses and specializes in developing future managers. On the other hand, there are many colleges or universities which offer MBA program along with many other courses like B.Tech, B.Sc, M.Sc, etc. As management course is highly application oriented, the experience of studying in a good B-School can be fruitful and rewarding.
All students who plan to pursue an MBA/PGDM program from an approved B- Schools require to have passed any recognized graduation program with a minimum 50% and must have mandatorily qualified ( Cut off score will vary with every college) in any of the national or state level entrance tests like CAT, MAT, XAT, CMAT, ATMA or GMAT or Institute’s own entrance exam. Beyond this every institute has its own selection process, but the below is the standard process:
At Ambitions we simplify the process by helping students at every step of admission process for completely free of cost. So that while making decision a student not only makes an informed decision but also has many options to select from. Below is the admission process we follow at Ambitions:
The cost varies from Rupees 2.5 lakhs to 20 Lakhs for the two years of the program and some additional costs might include - Hostel fee, Material cost, Laptop cost, International trip costs, examination fee, Convocation fee, Library fee, refundable deposits and transportation costs. The fee might vary due to the following reasons:
|Point of Difference||Studying in India||Studying Abroad|
|Tuition Fee (In Rupees)||2.5 to 20 Lakhs for the two years course||13 to 18 lakhs (depending on country)|
|Hostel (In Rupees)||2 to 4 lakhs for two years||12 – 15 lakhs for the entire program (normally students pay this money through part time jobs and hence the cost incurred could be covered through the money earned through part time jobs)|
|Placements||2.5 lakhs to 12 lakhs per annum in India (in tier 2 colleges, might be more in a Premium college like IIM’s)||25 to 48 Lakhs per annum in the country of study (If the country allows work permits)|
|Exposure||Mostly domestic||International and cross-cultural exposure|
|Learning||Depends entirely on the quality of the college||Learning is based on practical application and self-study|
|Infrastructure||Varies from college to college and the fees charged||Most of the colleges are highly regulated in developed countries and hence offer high quality infrastructure|
|Faculty||Varies from college to college and the fees charged||Faculties act more like a facilitator than trainer, as teaching methodology in other countries is self-study based|
|Duration||2 years||16 – 18 Months (including internships)|
|Eligibility||Any graduation with minimum 50% marks and qualification in any common entrance tests||Any graduation, (but preferably 10+2+4, especially in USA, Canada, and Australia) with 6 to 7 score in ILTES/TOFEL (not required for France) and sometimes need to write GMAT|
|Recognition||Mostly AICTE & UGC. Recognized for any government jobs or private jobs and also for pursuing Ph.D)||Recognized by government bodies of that country and have other international accreditations from private bodies like AMBA. Might not be eligible for doing government jobs but can pursue Ph.D.|
|Education loans||If it’s an approved program and one meets eligibility of the concerned bank, 85% of the fee is provided as education loan at 10.5 to 12% interest, which payable after completion of the course.||If it’s an approved program and one meets eligibility of the concerned bank, 85% of the fee is provided as education loan at 10.5 to 12% interest, which payable after completion of the course.|
|Positives||- Placement assistance in one’s own country. - Comfort of staying in home town. - Skill development - Less cost - Faculty assisted training||Opportunity to earn and save more money. - Can work and settle abroad - Better lifestyle - High class infrastructure - Cross culture exposure - Opportunity live independently|
|Negatives||Highly regulated - Sometimes learning can be academic - Better facilities come at higher cost - Lot of internal competition for jobs - Longer duration of the course.||Initial investment can be higher - Language barrier - Might need to work and stay beyond duration of the course for justifying the expense incurred. - One need to do Odd/ Part time jobs for meeting one’s expenses. Else the cost of the course will go up. - Sometimes you might face Visa hassles|
Education loan is national government policy and every loan provider has its own set of rules, but the following are some of the common conditions for availing education loans:
Most of the private colleges offer dual or triple specialization, where a student has an option of selecting two or different specializations. For example, Marketing as major and minors as Finance and Business analytics so as to improve their knowledge areas. However, it’s not mandatory to do dual specialization for getting better placements.
The student needs to pursue the course for 2 years full time without pursuing any other job, as attendance is mandatory in most of the colleges. For fresh graduates and 2 or 3 years experienced graduates, this is a preferred mode of education as the students are assisted with placements.
People who are already in a job and are looking for enhancing their qualifications, can pursue distance MBA so that they can continue in their jobs and also pursue an MBA. Students might need to attend some contact classes and appear for only exams when required. In this mode, placement assistance might not be provided. Further the fee for this course will be cheaper when compared to full time MBA and duration will be 2 years.
An executive MBA/ PGPM program runs for a duration of 1 year and is aimed at 5 years or more experienced graduates or post graduates who would like improve some of their managerial skills. Placement assistance might not be provided, and student might need to attend contact classes.
For a student to secure admission in reputed management colleges, one might need to face Group discussion and personal interviews. The topic for group discussion might vary as per topics which might be in news at that time, like ‘GST a gift or a boon’ or ‘Jio phones a gift to customers and distraction to industry’, hence one needs to be updated on current Below are some of the mostly commonly asked questions:
If you find any of the above questions difficult to answer and want to know the right way to answer them, Please call us on 9700808899/ 8801137754 or register online on our website (http://ambitionsmba.com/queries/) for fixing an appointment with our experts to help you in preparing for interviews.
SIP stands for Summer Internship Program. As most of the students join management programs with no prior experience. Most of the good B-Schools provide SIP’s to their students after end of first year of the course, so that the student gets a feel of corporate life and get first-hand experience on the concepts learnt. Sometimes the students who perform well in SIP, might get full time job opportunity from the same company.
MBA can be done by graduate from any stream as management is an integral part of any industry and all companies need management graduates. If a student has an interest of growing in the ladder of any company; holding senior positions in an organization; does not shy of taking responsibility and has a zeal to be wealthy, then MBA is the course for you. Alternatively if an engineering student or B.Com graduate pursues higher course in their own stream, they will be ending up only learning the same things which they have learnt in their graduation. We strongly recommend you take the Free Psychometric Test available on our website, for us to help you objectively in figuring out if you suit for a management career. (http://ambitionsmba.com/psychometric-test/)