What is the Difference Between University and Business School?
University Vs Business School- What’s the Primary Difference?
So you’ve just graduated out of high school with a fresh new career plan and a whole lot of options. It’s true, that when you’re fresh out of high school, too many melting pots of career choices may seem a bit confusing. This is especially relevant for aspirants who are looking at one of the booming career opportunities in India today. We are of course talking about business and management degrees that open up a whole new gamut of employment opportunities for you. That being said, one of the primary dilemma students often face is the fact that there are way too many educational bodies out there, some affiliated and some independently functioning as guiding bodies. Now, the main question arises, what should be a better option for candidates wanting to break into the business and management sector. Will it be a state affiliated university or a standalone Business School? What will be the course of action once you acquire the degree? Will you pursue education further or crack into a stellar managerial position in one of the big moguls of the industry?
Now, we understand it may all seem a little baffling at times, but if you’re searching for some good PGDM Courses, let us break down the first dilemma that you’re battling with right now- top universities or the best business schools.
The Basic Difference
Before we move on to the intricacies, let us first take a look at the very basic difference. Even though both are equally accredited educational bodies, the primary difference stands in the methodology chosen and the degree acquired.
This means a university is usually an affiliated educational institution that offers a varied base for students who want to explore the business management sector. There are multiple choices to choose from but the curriculum is quite rigid and pre-formed which means as a candidate you’ll have to learn a little bit of everything before you opt for a specialization. On the other hand, a Business School, typically shortened to the common lingo “B-School” is either a university affiliated or a standalone educational body that carries the same accreditations as that of a university but the curriculum here is more updated and lucid which means students can understand business management in-depth and choose a specialization right away. Their syllabus or curriculum is usually tweaked to get right to the point.
This is primarily why, if you’re looking to pursue a specialization or further education, a university degree is preferred whereas students who are majorly looking at a career or means to optimize their career should go for one of the best business schools in India.
What Do They Teach in a Business School?
Now, the first thing to keep in mind is, when you’re enrolling in one of the top business schools in India, you need to keep in mind that most of these PGDM Courses will be for 2 years which is similar to a universities course term. There are accelerated options that include 6 months-1 year courses, but the value for these degrees are not as strong as the 2-year terms! Since a business school specializes in everything that a business has to do with, you can expect your course work to be around business-oriented subjects, for instance, Accounting, Economics, Business Communication, Principles of Management, Entrepreneurship, Finance, Business Laws could be an integral part of your business studies. Even though the curriculum will touch all the bases, you can always choose a specialization that you want to move forward with.
What Degree Do You Get from Business School?
Business Schools in India offer Post Graduate Programs for candidates or aspirants who are trying to build an added edge to their career or wants to move up the corporate ladder into a managerial position. This means the courses would lead to the award of Master of Business Administration or MBA or any other equivalent degree/position. Most B-School programs include PGDM which stands for Post Graduate Diploma Management program which means you can also secure a diploma degree
What Business Degree Pays the Most?
Now depending on the job profile that you’re already in or the job profile you’re striving for- your business degree should be something in the lines of managerial, finance, or admin. However, if we’re comparing ROIs on business degrees, Entrepreneurship tops the list! Even though the start will be a bit rocky since start-ups often dabble in funding and management issues, an entrepreneurial degree really pays off well in the long-run. The next top degree with the highest pay is an MBA, which is a universal degree that helps job-holders secure a managerial position with ease. Following an MBA, the other top paying business degrees may include Finance, E-Comm, and Marketing– the top 3 blooming sectors in the industry that will never go out of fashion.
In a Nutshell
To sum up, some of the top business schools in India offer a plethora of educational and career enhancing options for people who are interested in business management. A degree from the best business school will be equivalent to the degree secured from a university but do keep in mind, the model of study, curriculum, hands-on training, and practical training approach varies somewhat between these two educational bodies.
Speaking of MBAs and PGDM Courses, we would like to end this on a hopeful note where we believe you can read up on our piece and decide whether a proficient business school or a renowned university is better than you!