Management colleges in India offer a variety of graduate, and postgraduate management programs such as MBA and diploma programs such as PGDM and PGP, as well as doctorate programs such as Ph.D. in management or FPM.

The top management colleges in India have excelled at providing high-quality management education that competes with the best in the world.

As a result, almost all applicants to postgraduate management programs have this frequently asked question. What is the distinction between the three courses i.e. PGDM, MBA, and PGP?

Is an MBA or a PGDM the better option? If MBA and PGDM or PGP are similar, why are these courses offered by different institutes? In a nutshell, everyone wants to compare these courses, namely MBA vs PGDM vs PGP.

PGP vs PGDM: Key Differences

PGP vs PGDM

The Post Graduate program and Post Graduate Diploma in Management are quite similar courses.

PGDM is a diploma course, while PGP stands for Post Graduate Programme.

Moreover, unlike the PGDM, the PGP does not cover all of the required management subjects besides core subjects. The PGP course helps you imbibe skills and helps you learn the managerial aspect of it. In addition, it consumes less time than a diploma.

PGP is ideal for candidates who want to expand their skill set without leaving their current position. For instance, you can opt for a PGP course in digital marketing to dive into its technicalities.

Also PGP course can be integrated with MBA. Renaissance university is the best college for MBA+PGP (Business Analytics ) integrated course.

The PGP course is specifically designed for candidates who want to devote more time to acquiring skills and is only worth the time and investment when it’s done at a top business university.

MBA vs PGDM: Key Comparison Points

MBA vs PGDM

Here is a detailed comparison between the courses based on certain parameters to help you break it down.

1. Course Duration

An MBA program lasts two years and includes a two-to three-month training program, depending on the university.

The PGDM program lasts two years and is divided into four semesters, with a training period of two to three months. However, it also depends on which university you’re pursuing.

2. Admission

Admission to this two-year MBA program is based on a competitive exam administered by various UGC-recognized universities and affiliated institutes at the institute level. However, some universities consider admission based on entrance exams such as MAT, CAT, and others.

Admission to PGDM programs is based on competitive exams administered by individual institutions such as XAT by XLRI. Some universities consider competitive exams such as CAT and CMAT.

However, it’s not easy to get enrolled in IIM and top business colleges as they demand high percentile and cut-off marks. Don’t worry, if you aren’t able to get enrolled in your desired IIM college and are considering getting enrolled in a top-notch private university, Renaissance is the best.

3. Affiliation

In MBA, only UGC-recognized universities or institutes affiliated with these universities offer it. Also, the universities should be approved by AICTE.

PGDM can be offered by any university. The program can be provided by any university regardless of autonomous status.

4. Syllabus

Although many PGDM or PGP programs do not require any kind of experience, many specialized PGDM or PGP programs do require a certain amount of experience that can range from 5 years to 15 years to be enrolled.

Generally, MBA programs lack autonomy as the universities are affiliated and subjected to UGC rules and regulations. It is difficult to keep courses updated concerning changing business conditions. The syllabus is generally updated every 3–5 years.

While the curriculum of PGDM programs is more updated as it’s generally offered by autonomous institutions, making the syllabus more relevant and updated.

5. Fees Structure

The MBA is mostly offered by universities or institutes affiliated with the UGC, the fee structure of MBA programs massively varies from university to university. The fees of top Management college starts from around 5 lakhs and more than.

PGDM is mostly offered by autonomous institutes and hence demands higher fees. It varies from institute to institute depending on the demand in the industry. It may cost several lakhs or more, making it unaffordable for some.

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Conclusion

Both courses hold the same position. Make sure that the university’s accreditation status is confirmed before enrolling in PGDM courses.

However, in the case of MBA, some caution is required as the colleges should be affiliated with a university recognized by the University Grants Commission (UGC) and AICTE.

BCom is one of the most popular and in-demand courses that most students decide to pursue after completing school.

Furthermore, after graduation, they get a plethora of rewarding career options to pursue in order to shine brightly in the job market.

If you’re planning to pursue a master’s degree after graduation through BCom, MBA vs MCom are courses that confuse most of the students. These two are the best options that pave the way for huge career opportunities and job prospects.

This article provides a complete guide on MBA vs MCom and helps you choose the best for your career growth.

MBA Vs MCom: Best Course After BCom

MBA Vs MCom Best Course After BCom

Masters of Business Administration is a two-year program open to everyone who has graduated from high school.

Renaissance University offers MBA programs at a truly global educational institution in a variety of specializations such as finance, marketing, human resources, information technology, and others.

Students who have completed their B.Com degree can pursue an MCom specialization.

The MCom program is not as well-known as the MBA program, but it is a respected course that focuses on accounting and commerce. Students can enhance their career prospects by also studying ICWA or. Banking, accounting, finance, economics, statistics, and other subjects are covered in the MCom curriculum.

Generally, MCom programs are less expensive than MBA programs.

Here are few differentiator between MBA vs MCom:

1. Career scope

Most students opt for an MBA to work in a gigantic organization with a high salary package or to kickstart their startups. Working in a high-profile job requires managerial skills besides learning accounting, finance, business management, corporate governance, statistics, and supply chain management.

Students of School of Management at Renaissance University, one of the top-rated MBA institutions, offer excellent placement and are a great place to learn and hone skills.

An MBA graduate can look for jobs in the corporate sector that include Chief Financial Officers, Accounting Managers, Financial Analysts, Financial Managers, Traders, HR Managers, Risk and Insurance Managers, Investment Banking and many more.

MCom graduates can apply for a variety of government and private jobs, which include financial planning and advisory, insurance, stock market, financial service sales, banking, and taxation.

Furthermore, after earning an MCom degree , students can apply to doctoral programs or can pursue a career as a professor or researcher. Auditing, accounting, banking and finance, retail, fund management, and management consulting are all options for MCom students.

2. Salary Package

Salary is yet another crucial factor when determining which course to opt for after completion of BCom Course.

MBA programs have an average salary package of Rs. 2 lakhs to Rs. 12 lakhs.

It massively depends on the university from which you’re pursuing. If you’re studying at a top-notch business school, odds are high that your salary package can go up to Rs. 24 L per annum.

MCom offers an average salary package starting at Rs. 1.5 L and can extend up to Rs. 10 L per annum.

Besides, the salary package highly depends on which university you have enrolled in and the company where you’re recruited.

Salary Package for MBA vs MCom

3. Skill Set

Generally, all degrees require technical skills, which are quite essential in a job. The technical skillset massively differs between the MBA and MCom.

In an MBA, a candidate has to be proficient in using the latest analytics software and should be well-versed in using the latest technologies. In addition, candidates should also understand the technical operations business.

While in MCom, the required technical skills for a candidate are well-versed in finance, accounting, and taxation and they should be able to understand analytical and statistical software.

4. Nature of Job

A brief overview of job and career prospects can help you decide which course to take and what career and job opportunities you can expect from the course.

MBA jobs can include both desk work and fieldwork. The MBA degree leads to high profile jobs resulting in more responsibilities.

There will be times when you meet with clients, sell products and services, and participate actively in the operation and there will also be times when you will be conducting research, analyzing data, making presentations, and interacting with management.

Most MCom graduates end up in desk jobs with little or no fieldwork. However, what they do is critical to the department and company in which they work.

Accounting, taxation, and finance professionals will have significant responsibilities. There are some professions, such as teaching, professor, and lecturer, that require you to be very active. However, most jobs for MCom graduates are not high-pressure, and one can have a good career.

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Which course should you choose?

Both courses are fantastic and serve specific functions. However, the following comparison will show which option is better. It will help you clarify which one is better in MBA vs MCom.

  • Cost – When compared to an MBA, an MCom is significantly less expensive. If you want to pursue an MBA, you must plan your finances carefully.
  • International Value – An MBA degree has international value and can land you a job in another country. However, an MCom degree has no international value.
  • Value for Money – While the MCom is less expensive than the MBA, the MBA is more valuable because you will get a high-paying job right away.

BCom is one of the most popular courses that most students opt for after completing high school.

However, just doing  B.Com honors or any other specialization isn’t enough to get high-paying jobs.

If you’re in the last year of B.Com and have no idea what to do after it, then you should probably select a good course after completing the B.Com to build a well-established career.

There are a plethora of courses available after B.Com.

Best Courses After B.Com

Here are the five best courses you can take based on your interests if you want to land a high-profile job with a high salary package. 

1. MCom  ( Master of Commerce )

MCom is specifically designed for BCom graduates. It’s a two-year postgraduate course in commerce where you imbibe insights into various subjects such as banking, finance, business management, taxation, and many more.

If you want to build your career in finance, taxation, or BFSI (banking, financial services, and insurance), or you have completed graduation through BCom taxation or an other specialization then this could be the perfect course to pick.

Also, it polishes your skills and you end up learning a lot about business management. It helps to impart theoretical knowledge into the professional world.

You can fit into a variety of job profiles with MCom, including accountant, finance manager, account executive, and many others.

Some of the top-notch companies which prefer hiring MCom candidates are Accenture, Infosys BPO, Tata Consultancy Services, etc. The average salary you receive after BCom is Rs 3.8 LPA per annum.

2. MBA ( Master of Business Administration )

If you’re interested in starting your own company, joining a business, or want to get fit in high-profile jobs, then there’s no better option than pursuing an MBA.

An MBA is the most popular and preferable two-year post-graduation course. It helps to gain in-depth knowledge of business management, and you will end up developing insights into your preferred specialization.

CAT is a common admission test for all students who want to get admitted to a top-notch MBA university or business school. The CAT score and admission criteria differ from university to university.

You can either pursue a full-time MBA course from Top MBA College or even take a part-time MBA course.

After completion of an MBA, there are thousands of job profiles available, such as marketing manager, sales manager, operations manager, and many more. You get good job opportunities and job security.

Some gigantic organizations which actively recruit MBA graduates are Infosys, Accenture, Tata Consultancy Services, etc.

The average package for an MBA graduate starts at 7L and can extend up to 30L per annum.

3. CA ( Chartered Accountant)

Generally, you would find that every other person aspires to become a CA. CA is one of the most in-demand and reputable jobs, which you can easily do after the completion of BCom or can even get enrolled just after the completion of your high school.

Unlike an MBA, you don’t have to give CAT or CMAT. To become a CA, you have to give exams in three stages. You have to clear all three stages, along with an internship of around 2.5 years.

The duration of the course is three years, in which you might end up bagging a job in multinational companies such as Deloitte, ICICI Bank, McKinsey & Company, KPMG company, and many more.

Besides doing a job, you can also open your own chartered account firm. The average salary of a CA qualified starts at 7L/per annum, which isn’t bad and can extend up to 40L/per annum.

4. CS ( Company Secretary )

CS is one of the most popular and in-demand courses after BCom. If you like learning about the legal aspects of an organization or a firm, then this could be the perfect course for you.

To qualify as a CS, you have to pass a three-year course that includes three stages: foundation, intermediate, and finals. You should also know about corporate law.

The job role of CS is to maintain and manage the tax returns of the company, give legal advice to the board of directors, and meet the legal and statutory regulations of the company.

The average salary of a CS starts at 6L and can go up to 10L per annum.

5. CFA (Chartered Financial Analyst)

If you’re looking for a high-profile job with a high salary and job security, then this is the best option. This is a 2.5-year course offered by the globally recognized CFA Institute.

This course continues a variety of subjects in wide domains such as statistics, economics, advanced analysis and investments, security analysis, fixed income, alternative investments, portfolio management, and many more.

You have to pass three-tier exams to qualify as a CFA. Since it’s a prominent and highly recognized role, some of the top-notch companies prefer hiring such as Morgan Stanley, JP Morgan, UBS, Goldman Sachs, BlackRock, Royal Bank of Canada, and many more.

The average salary of a CFA starts at 7L per annum.

6. BAT (Business Accounting and taxation)

If you’re still confused about what to pursue after BCom and have a tad bit of an interest in accounting, then this could be the best option for you.

BAT has been specifically designed by industrial specialists for students who want to enter the world of accounting. This course will provide you with in-depth practical and experimental knowledge about accounting and taxation.

The course is vast and imparts great knowledge and skills in accounting. The topic includes financial reporting with ERP software, MIS and excel reporting, GST, direct taxation, payroll components of ESIC, and finalization of financial statements.

Once you complete the course, you can get a bunch of amazing job profiles such as tax consultant, company law assistant, accounts executive, finance manager, corporate law analyst, and many more.

The average salary of a BAT starts at 4 L/per annum.

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Conclusion

These were the most popular and in-demand courses available after BCom. Choosing a course and a career entirely depends on your finances and interests.

It’s always a good idea to self-introspect yourself and your interests before choosing any career. If you have a keen interest in business management, then MBA is the best option. Or if you want to go into legal aspects, then CS might be a good option.

Likewise, always assess yourself before taking a big step and starting your professional career after graduation.

We hope that these courses have cleared up your doubt about “which course you should choose after BCOM”!