Difference Between MBA and PGDM Course: Both master's degree and PGDM courses are the foremost common management courses in India. However, many candidates are confused once it involves creating a selection between these two. The explanation for this confusion and uncertainty additionally is also the shortage of awareness of the distinction between MBA and PGDM courses. So, so as to assist these applicants to create wise course choices, we have a tendency to be penning this article to differentiate between MBA and PGDM courses and answer the question "MBA or PGDM, which is better?".
MBA (Master of Business Administration) Course:
A Master in Business Administration path might be a 2-yr post-graduate path supplied inside the subject of control with the aid of using the schools or schools associated with the university. AN MBA software is permitted with the aid of using the UGC (University Grant Commission). In India, there are numerous first-rate universities and commercial enterprise colleges that deliver MBA publications in several specializations. The M.B.A. software is meant in such a manner that the student receives extra theoretical knowledge. The MBA applications supplied with the aid of using maximum institutions have homogenous information due to the fact the curriculum can not be revised even as now any longer the consent of the university, that the curriculum stays unchanged for a long time.
PGDM (Postgraduate Diploma in Management) Course:
A PGDM is a two-year graduate diploma course offered in the field of management by autonomous institutes (institutes that are not affiliated with a university). A PGDM program is approved by AICTE (All India Council for Technical Education). Institutes (such as IIM, XLRI, MDI, NMIMS) offer PGDM courses in various specializations. The PGDM program is more focused on industry-oriented skills such as developing soft skills, communication skills. A PGDM course is flexible; its curriculum can be changed or updated to meet changing industry needs. Most institutes regularly change the PGDM program curriculum every year according to industry trends.
Specializations of PGDM Course:
PGDM in Finance
PGDM in Information & Technology
PGDM in Human Resource
PGDM in Business Analytics
PGDM in Marketing
PGDM in Operations
PGDM in Supply Chain & Logistics
PGDM in Rural Development
PGDM in Event Management
PGDM in Enterprise Management
PGDM in International Business
PGDM in International Finance
Difference Between MBA and PGDM Course Eligibility:
There is no such difference in the MBA eligibility criteria and PGDM Eligibility Criteria that are required to be fulfilled by the candidates to get admission to any of these courses.
So here we are mentioning the basic eligibility criteria required to be fulfilled by the candidate to pursue an MBA or PGDM course:
Students who have completed their graduation (Bachelor's degree in any relevant subject) in any discipline are eligible for both courses.
The minimum required percentage in Graduation courses as per University’s or Institute’s norms. Most of the universities and institutes ask for at least 50% marks or equivalent CGPA in Graduation.
Some of the Universities/Institutes also ask for 1 to 2 years of working experience as an eligibility requirement to pursue these courses.
Most reputed Universities and B-Schools grant MBA and PGDM admissions based on the entrance examinations such as CAT/XAT/MAT/ATMA and state level entrance examinations such as TSICET, MAH-CET mostly followed by a Group Discussion or Personal Interview Round. However, some private universities and institutes also provide merit-based admission to admission seekers.
Top Colleges for MBA and PGDM Course:
In India, there are thousands of colleges that offer MBA and PGDM Courses to students. But to propel in your career, it is very necessary for every individual to pursue the course from a reputed Business School. As you can conclude, the PGDM Course Fee is higher than the MBA Course Fee. Due to the equivalency of these two courses in the industry, there will be no such impact on your future career prospects. So we advise you to plan your Post-graduation Budget accordingly and choose a suitable Management program as per your budget. Hence yes there’s a difference between MBA and PGDM courses considering their Course Fees.
Career Scope after MBA Course v/s Career Scope after PGDM Course:
As already discussed, MBA and PGDM courses are equivalent courses and hold equal significance in the job market. Being a Diploma course doesn't make a PGDM program any less of it. A PGDM Holder is likely to get the same salary, same job profiles, and even the same job positions as an MBA graduate. However, it also depends on the skills and knowledge of an individual. Hence there is no such Difference between MBA and PGDM course in terms of Career Prospects. Job opportunities and Salary Package depend on an individual’s knowledge and skills. A candidate who has done his/her MBA or PGDM stream from a reputed B-School or University is likely to get better opportunities and a good salary package as compared to other Graduates.
Which stream is better, MBA Course or PGDM Course?
PGDM and MBA courses are similar and different, as we have discussed already. Both PGDMs and MBAs have the exact same syllabus and objectives, which raises the question “MBA or PGDM, Which is better?
Associate in Nursing career prospects is the same for both PGDM programs and master's programs in business administration. Although both of those programs have a number of variations, their price remains constant in the company world. The most important factor here is the university or institute that offers these courses. Most of the time, the trade recruiters don't seem to be involved that you just have noninheritable an MBA degree or a PGDM diploma. They quantify your education to support your skills, knowledge, and therefore the name of the establishment from which you get your degree. Following an MBA Course or PGDM Course from a low-ranked faculty will certainly offer you an MBA Degree or PGDM credential however it's going to not assist you to boost your skills and data as a high-ranked faculty or establishment will.
Make a list of your goals and expectations from the Post Graduation course and set some parameters (such as budget, college ranking, practical/theoretical knowledge, plan for higher studies, etc.) accordingly, and then make your decision based on those parameters. Below we have listed some reasons why you might want to do a PGDM as well as an MBA.
Reasons to do a PGDM Course:
The PGDM is much more industry-oriented than MBA, as it is offered by independent institutes, and so its curriculum is regularly updated as the industry's demands and trends change. Studying for a PGDM Diploma will provide you with knowledge of the latest management trends and skills.
In a PGDM program, you can choose your area of interest. For example, you can choose Finance, IT Projects, Management, or Business as minor subjects if you choose PGDM in Marketing, for example.
You can get a well-paying corporate job after completing your PGDM program if you have the PGDM diploma; a PGDM diploma opens up access to fair career opportunities. PGDM diploma holders are preferred over candidates holding MBA degrees by most corporate companies.
In the course, you are provided with the practical skills required for handling real-time industry issues, and you are provided with the latest industry insights, which makes you more valuable than an MBA graduate.
Compared to the MBA, the PGDM focuses more on practical learning. Our seminars, workshops, and industry visits are designed to provide you with more in-depth knowledge and update your skills.
Reasons to do an MBA Course:
An MBA degree is accepted worldwide by companies. An MBA graduate is more likely to get better career opportunities abroad. Most international business schools offer an MBA degree instead of a PGDM course.
Pursuing an MBA diploma could be a higher preference if the candidate is deliberating making use of it for better schooling abroad. A PGDM Diploma holder would possibly face a few trouble even as making use of for a better schooling software together with a doctoral software supplied via way of means of International Universities. An MBA software is a globally identified software and general via way of means of Universities Globally.
MBA degrees are only offered by universities or colleges recognized by UGC and meet academic standards and can easily get AICTE approval, so there is no risk of fraud, while some Private PGDM institutes do not follow AICTE rules meticulously and therefore can be deceived by institutes.
An MBA Program fees much less than a PGDM Program. The University or University-affiliated Colleges provide an MBA direction at a decreased fee shape than a PGDM Diploma direction. Most Government-accepted Universities provide an MBA Degree at a totally low rate due to the fact they get hold of economic resources from the kingdom or valuable government, while Private Universities and faculties have their personal rate shape, so they could have an excessive rate for MBA degrees.
