What is the difference between 2 MBA programs (PGDM and GMP) offered by SPJIMR, Mumbai?
he PGCIM program, started in association with the Center of Indo-European Business Studies, co-financed by the European Union Commission - The ESB Reutlingen Track, has evolved over time with the addition of partner colleges from more countries. The program is more focused on International Management / General Management, whereas PGDM is the traditional MBA program offered by SP Jain Institute where you specialize in one of the following: Finance, Operations, Marketing, or Information Management.
If you choose PGDM, you will learn more about managing the finances, operations, marketing, and IT for a company. In contrast, GMP teaches you how to handle Business Operations of a company in an international setting, which requires you to learn subjects like International Business Law, International Trade and Finance, and International Economics. These subjects talk about how laws in different countries vary and what needs to be taken care of when doing business with a company from a particular country. In addition, subjects like Entrepreneurship and Management Consulting teach you about the factors that nurture a culture of Entrepreneurship at a country level and the art of facilitation for solving business problems.
One significant difference between the two programs is that in PGDM, you make a vast personal network of professionals in India. However, in GMP, you make a vast personal network of professionals across the globe, which is essential for International Business. Your extended network is bigger than you imagine in various ways, such as making a network with the students in the country you go to and your classmates who are your extended network in other countries. If you go to ESB Reutlingen, your primary network is going to be very diverse as Reutlingen University is the most international university in Germany.
Comments
SPJIMR is one of the leading business schools and offers postgraduate programs and several short-term programs. SPJIMR has been felicitated by the prestigious Association to Advance Collegiate Schools of Business(AACSB). It is also recognized by AICTE, UGC, NBA, and several programs of the institute are accredited by the AMBA, UK, and AACSB International.
Rankings:
SPJIMR is ranked 8th and 18th for MBA by Outlook 2020 and NIRF 2020 respectively.
Admission:
Admission to PGDM and GMP program is solely based on scores obtained in the GRE/GMAT/CAT/XAT test and interview process.
PGDM:
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The PGDM program is recognized by NBA, AICTE, AMBA, UK, and is a 2-year residential program which is equivalent to MBA.
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It encompasses Finance, Information Management, Marketing, Operation, and Supply Chain Management.
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The PGDM program also involves SPJIMR Business Academia Conclave and Student Professional Development Cell.
GMP:
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GMP program is offered in collaboration with 4 US Schools which include Brandeis University, University of Maryland, Stevens Institute of Technology, and EBS Universitat.
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The GMP program is STEM oriented and involves an Internship Cycle in which students are required to carry out 2 semesters in US School, they can take up internships in the US after the compilation of the semester.
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Credits earned in the GMP programs are accepted by the collaborated school in the US.
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GMP encompasses Microeconomics, Personal Growth Lab, Managerial Accounting, Communication Skills, and so on.
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The GMP program has collaboration with several business schools which include the IESEG School of Management and Robert H.Smith School of Business.
Alumni:
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Notable alumni from the GMP program include Arvind Suresh- Strategy and Corporate HR Specialist at Sennheiser Electronic. Other notable alumni include Raman Bhatia who is a Senior Consultant at Deloitte Consulting.
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Notable alumni from the PGDM program include Sunil Lulla- Former Chairman and Managing Director of Eros International. Other notable alumni include Pradeep Kar who is the Founder and Managing Director of Microland.
Placement:
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The major recruiters for GMP are P&G, Porsche, Google, FlixBus, Euler Hermes, Allianz, Mercedes, Boston Consulting Group, Amazon, and American Express.
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Top recruiters for PGDM include McKinsey Company, Goldman Sachs, ICICI, Deloitte, Hindustan Unilever, Boston Consulting Group, Procter Gamble, etc.
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Criteria |
PGDM |
GMP |
|
Students Placed |
95% |
85% |
|
Highest Salary |
46.5 LPA |
50 LPA |
|
Average Salary |
26.36 LPA |
20LPA |
Both programs are top-notch, imparting quality education in management. However, it is recommended that students go with their choice of interest.
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