What Is MBA MMS PGDM And Its Types With Specialization
You are in the right place to get the information about What Is MBA MMS PGDM And Its Types With Specialization. There is some requirement that I think you should follow so that you can understand this education stream in a much better way.
There are always some misconceptions about MBA or MMS or PGDM. So, it will be better to read this article more carefully to clear your doubt. It will be explained in a much simpler way so that there will be no difficulty to understanding this about MBA, MMS, and PGDM.
Master of Business Administration is a Post -Graduation course. The MBA degree has started in the United States in the late 19th century when the country industrialized and companies sought scientific approaches to management. The MBA course teaches you all the theory and application of business and management principles. The knowledge that can be applied to a variety of real-world business situations.
Marketing basically means publishing the product or an organization. In MBA Marketing, the student gets the knowledge of the strategy and the tactical information from this Branch.
In MBA Finance, students get the knowledge about the effective utilization of the funds which is necessary for efficient operation and also for the organization.
In MBA Human Resources, the student is taught about the recurrent, payroll, and interview tactics.
In MBA, the Information system plays the role of people analysis, technology, organizations, and the relationships among them.
In MBA Operation management study of controlling the process of production and redesigning business operations in the production of goods or services.
In Strategic/Risk Management the student is given the knowledge of creating strategies and tricks to overcome organisation problems and issues like funding and shares.
Today, Master of Business Administration comes in two new hierarchy i.e.
1) Masters in Management Studies:
2) Post Graduate Diploma in Management:
MMS stands for Masters in Management Studies and is a 2-year management degree program that is approved by All India Council for Technical Education (AICTE). On successful completion, the student gets an MMS degree from the University of Mumbai. It has four semesters spanning over a period of two years.
In MMS degree, Mumbai University decides the syllabus. And the recently changed portion was in 1992. From 1992 the portion remains the same, there are no new method or technical knowledge which have been developed since that year.
Nowadays the company see the knowledge based on today’s technology, but from MMS degree, we don’t get it, because of the old syllabus.
PGPM is Post Graduate Program in Management. Basically, it is not a Degree. It is offered by many private Institutions and is a course provided by the Institute which can be of any duration as decided by that particular Institute.
The university should have AICTE government approval. PGDM is Post Graduate Degree in Management which is of 2 years. As the PGDM program is decided by the private university the syllabus is decided the same university, based on today’s technology and business tricks. The PGDM degree syllabus changes every 3-4 years depending upon the college or university.