Let’s solve this puzzle. One of the most rapidly growing career fields these days includes management, tech, artificial intelligence (AI), and finance. A large number of people want to build their careers in the management domain, but students often find themselves in chaos and confusion about certain things. 

Often, they are uncertain about an MBA and look for an MBA alternative that provides the expertise required for a management job—but within a shorter timeframe and without the hefty fee that an MBA demands. We’ve got you covered. Let’s unpack it. 

Why an alternative to an MBA degree?

There has been a growing trend among graduates and working professionals to look for alternative to mba degree instead of pursuing a full-time MBA. What are the potential reasons behind this? 

The potential reasons relate to some of the drawbacks or limitations of a full-time MBA in India, such as:

• In India, an MBA is a 2-year course, whereas internationally, it is typically a 1-year course. 
• An MBA in India is expensive, and many students are unable to afford it without taking on high-interest student loans. 
• Even if one manages to get admission to top government B-schools like IIM Ahmedabad, Bangalore, and Calcutta, the selection rate is very low, and exams like CAT are extremely competitive. The number of students appearing has more than doubled in the last 6–7 years, but the number of available seats has not. 
• Many students—and especially working professionals—prioritize flexibility, and hence a 2-year break is not a viable option. 

What are the best MBA alternative degrees?

Top MBA alternative degrees include: 

• Post Graduate Diploma in Risk Management (PGDRM) 
• Post Graduate Diploma in Financial Risk Management (FRM) 
• Post Graduate Diploma in Human Resources

Enterprise Risk Management for Aspiring Leaders

Risk management is a crucial skill—without it, a company struggles to function. Every employer and recruiter wants to safeguard their company against existing and future risks. That’s why they need skilled risk professionals who can assess, manage, and mitigate risks. 

This exact skill set is provided by the Global Risk Management Institute, Gurgaon, through their 1-year Post Graduate Diploma in Risk Management (PGDRM) program. 

• It is a 1-year, on-campus course. 
• The program covers all verticals of enterprise risk management such as: 
  • Financial Risk Management 
  • IT Risk Management 
  • Third-Party Risk Management 
  • Cybersecurity Risk Management 
  • Regulatory Compliance 
  • Sustainability 

These are some of the most in-demand skills in today’s job market. 

The best part? It is an internationally recognized certification, giving you the opportunity to build a career beyond borders. The institute also boasts a stellar placement record of 97% and a median CTC of ₹9.25 LPA, making it a high return-on-investment (ROI) option for students. 

Conclusion

Uncertainty about an MBA should not be a barrier to your dream of a management career. You can become a successful leader in the field of management without pursuing an MBA. There are several courses that offer the specialized skills and practical expertise needed for managerial roles—such as the Post Graduate Diploma in Risk Management (PGDRM) offered by a premier institute in Gurgaon.