Dual MBA specialization allows students to pursue an MBA and another program concurrently, rather than chronologically. This supports students to specialize in their respective fields of MBA without giving out any extra-time or year. For instance, if a student is willing to pursue a degree in any MBA program and science or technology, dual MBA specialization would be the perfect choice to go with.
Whereas Applied MBA takes a different approach, an applied learning approach where students are expected to showcase their understanding and knowledge in the respective field. It helps to specialize in one field of the Master’s Program at a time. Unlike Applied MBA, Dual MBA specialization is integrated MBA training in two different fields of Masters Program at the same time.
MBA or Masters of Business Administration is a two-year program of management affiliated to universities under State/Central, hence approved by UGC (University Grant Commission). PGDM is a two-year program specifically for management approved by AICTE (All India Council for Technical Education). Its main focus is on the program’s content and deliveries by approved authorities, resulting in colleges getting an autonomous authority.
The MBA dual specialization courses and curriculum has a unique structure to offer that is flexible, intersectional with your objective, and develops leadership, analytical and communication skills as it holds importance to your growth and success in the industry. It contributes to the development of expertise and practices by opting for a major in one of their respective fields and pursuing another program at one time. In this pattern, the core-coursework remains the same throughout the program, but the other coursework, the elective one, could vary by option during its duration.
But the question comes up when it comes to choosing PGDM or MBA which is better. The difference between an MBA degree and a PGDM diploma program is its academic perspective. Its syllabus takes time to grow and progress, making it more hypothetical in nature and can’t cope with the current state. The key factor that differentiates both is that PGDM programs are practically usable. Its nature is modern; the MBA degrees are particularly based upon hypothetical and aim at business practices with traditional back-ups.
Another major difference between the program is that most of the MBA colleges/universities are operated by the government. Reports suggest that universities have lesser fees than private ones.
Whereas, in PGDM, private colleges like IIMs, NMIINs, etc., which makes its academic fees higher. PGDM allows students to co-operate and work on a self-motivated path and apply original and thoughtful knowledge and experiences of management’s norms and practices to help in growth and increase in business and society at the macro scale. Unlike PGDM, a Dual MBA specialization allows students the opportunity of pursuing degrees in two different fields rather than just a single one, particularly in the field of business and management with accounting, business, communications, technologies, finance, economics, entrepreneurship, and many marketing options which allows students to freshly start their careers in their respective fields as early as they complete the course. It also helps in advancing organizational and leadership skills and other areas.
The conclusion would completely depend on the individual’s type of choice after completing their bachelor’s or high school. That decision depends on how much time you want to put into your studies to get the maximum output from it. Both fields carry importance in their areas, but Dual MBA specialization helps eradicate the time barrier that many students have, as everyone is willing to start their careers as soon as possible.