Upskilling is important for professionals looking to grow in their careers in today’s dynamic business environment. Professionals can choose from Executive MBA programs, Postgraduate Programs (PGP), Postgraduate Executive Programs (PGX), and Postgraduate Diplomas (PGD).
In this article, we will discuss in detail on advanced product management courses and traditional MBA. We will also share tips on choosing the right one among the two.
What is PGP in Product Management?
- PGP in product management is a specialist course that equips professionals with the skills to manage a product’s life cycle from conception to launch.
- The course also educates learners about new product strategies, changes in the product development process, and modern ways to conduct market analysis and customer research.
- It (the product management course) is perfect for people interested in or working in product development and delivery.
- The course’s immersive curriculum helps learners create a product that satisfies customers’ needs and requirements.
What is a traditional MBA?
- Graduates and those just beginning their careers with little to no professional job experience can opt for the traditional MBA program.
- Traditional MBA programs are offered in person, which means learners would need to visit the campus for lectures.
- This course is designed to create well-rounded leaders by providing learners with a comprehensive understanding of how organizations operate.
Important distinctions between the traditional MBA program and PGP in Product Management
1. Curriculum
- PGP in Product Management:
A PGP in product management curriculum is designed specifically for experienced professionals who want to enhance their product management knowledge. The course’s curriculum includes topics like market positioning, agile development methodologies, product strategy, and user experience design. The curriculum also includes product roadmaps, data analytics, and market validation.
- Traditional MBA:
The traditional MBA curriculum consists of topics such as finance, entrepreneurship, and marketing, offering a well-rounded and deep understanding of different facets of business.
For people still deciding which field of business they want to concentrate on, an MBA allows them to study multiple disciplines before deciding on a course of study.
2. Durability and flexibility
- PGP in Product Management:
PGP programs are generally shorter than regular MBA degrees, making them perfect for working professionals. They are an attractive option for working professionals because they enable professionals from different fields to transition into product management.
- Traditional MBA:
A full-time MBA lasts between 18 months and 2 years, making it perfect for freshers. However, working professionals can enrol in part-time or executive MBAs, which provide more flexibility and are shorter than full-time MBAs.
3. Employment Opportunity
- PGP in Product Management:
PGP in product management is a perfect way for seasoned professionals to transition to leadership positions. The course’s comprehensive curriculum offers in-depth knowledge of the product lifecycle, product development, and product roadmap. Furthermore, the course enhances the learner’s capability to manage cross-functional teams.
- Traditional MBA:
An MBA has more varied career outcomes. Many businesses, including consulting, banking, technology, healthcare, and more, employ MBA graduates in different positions. Because of an MBA’s adaptability, professionals can transition into new industries or launch their own companies.
Which Is the Best for You?
Here are some factors to consider when choosing between a PGP in product management and a traditional MBA:
1. Specialisation
The PGP in product management could be the best option if you are convinced you want to work in product management. The course equips you with the necessary skills and knowledge required to excel in product management. Meanwhile, you can opt for an MBA degree if you are unsure about the career path you want to pursue. Traditional MBA offers learners many specialisations that allow them to choose the career path that’s perfect for them.
2. Broaden Business Knowledge
An MBA is a superior option if you seek a more comprehensive business education that will open up various professional options, including executive posts across industries.
3. Duration and Fees
PGPs are generally shorter compared to MBAs. Therefore, if you are looking for a shorter course, opt for PGPs. On the other hand, if you are looking to build a strong foundation in business, opt for an MBA.
Wrapping Up
Remember the above-mentioned points when choosing between a traditional MBA and a PGP in product management. Whatever you choose, always pick the best institutes. If you plan to enrol in a PGP in product management, choose IIM Kozhikode’s Professional Certificate Programme in Product Management. This IIM product management course is perfect for aspiring and seasoned product management professionals as they can learn new skills and enhance their product development and delivery knowledge.
