The most common question asked by FORE aspirants and other prospect stakeholders before actually coming to college is the difference between PGDM and PGDM IB, the difference between FMG group and IMG group.
So, what is this? Why there is a difference in cut offs for both the courses and what makes which course special?
Let’s start by understanding what FORE aims to offer:
The two full time courses –
- PGDM – (Future Managers Group) Programme
The Two Year Full Time Post Graduate Diploma in Management – Future Managers Group Programme (PGDM – FMG) is designed to train and groom the future managers at FORE.
- PGDM (International Business Management) Programme
International Managers Group (IMG)
The Two Year Full Time Post Graduate Diploma in Management (PGDM) – International Business Management programme aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business operations.
Talking about the similarities of the two programs:
The aim of both the programs remains on understanding the independent nature of organisational dynamics and its managerial implications. This helps students acquire conceptual and analytical abilities required for appropriate decision making and effective implementation. A number of generic learning outcomes are specified, which relate to the theme of corporate performance, and link the various functional modules.
The instructional methodology comprises of an optimum mix of lectures, classroom discussions, case studies, role-plays, group discussions, special sessions from professionals from industry and trade, management games, sensitivity training, management films, industrial visits and industry interaction. Students are encouraged to present their cases through individual or group presentations. Further opportunity is provided through participation of students in various seminars.
- The pool of opportunities for the students of both the programs is common; be it in terms of placements, inter college competitions or becoming a student council member.
- Students of both the programs get to choose from the same set of electives in the second year.
- Students of both programs are taken for the immersion program which stands as an USP of fore.
- Scholarships provided remain the same for both IMG and FMG group.
Next we look at the difference between the two programs to understand better which is more suited to the aspirant’s interests and capabilities.
- The first is obviously the age of the course: PGDM has completed 25 years and PGDM IB came into existence 10 years back. This lays down the main reason for the difference in cut offs of both the programs.
- Next is the subjects taught in the first year: IMG group studies subjects with a global perspective so that they are able to analyse and evaluate the issues that arise out of the greater integration of the Indian economy and businesses with the global environment.
For instance
Subjects like EXIM (export-import) enterprise and Global business environment are taught to students of IMG batch in the first semester but not to FMG group.
One can compare the subjects taught on the website itself. Links for the same are
http://www.fsm.ac.in/ful_coursesinfirstyearfulltimepgdmibm.html
http://www.fsm.ac.in/ful_coursesinfirstyearfulltimepgdm.html
- Another major difference in curriculum is that IMG students have to write a Dissertation which is of 2 credits and spread over two terms (trimesters).
- The basic outcome of two courses
- To have comprehensive understanding of the corporate world
- To integrate the theoretical knowledge with the practical aspects of organizational settings and techniques of management
- To acquire conceptual and analytical abilities required for effective decision making
- Evolve with the dynamic and complex working environment
Difference lies in understanding of the subjects, as IMG group tends to look it at with a global environment perspective and FMG as more corporate integration.
To read further about the courses, one can visit the fore website and read about the courses under the Academic Programs heading: http://www.fsm.ac.in/
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