What is the difference between MBA and PGDM course?
MBA (Master of Business Administration) is a degree while PGDM (Post Graduate Diploma in Management) is a diploma course. However, both are postgraduate management with direct admission programs that have a duration of two years. MBA is awarded by various state universities or affiliated colleges, whereas PGDM is awarded by the AICTE (All India Council for Technical Education) governing body, Ministry of HRD, or autonomous institutions/business schools.
DIFFERENCE IN ACADEMICS:
The majority of people have different perspectives and are not familiar with the similarities and differences between both courses, however, the values are almost similar in terms of learning and recruiters but not in academic input and market trends. Both courses are equal regarding validity.
Traditionally, the best colleges for MBA programs may have more theoretical knowledge and concepts of management education while the best colleges for PGDM programs often focus practical skills, case studies, presentations, industry exposure, and real-world challenges and applications.
In the context of curriculum facilities, Institutions offering direct admission to PGDM have
- autonomy in designing their curriculum,
- high flexibility to update the course content more frequently to align with something innovative
- learn more about current industry trends and demands.
unlike direct admission, MBA curriculum is set by
the affiliated university is less flexible and rigid in its content. PGDM diploma is a rigorous course that has a trimester system, but there is no such infrastructure in an MBA degree like this.
In India, top colleges for PGDM are fewer than top colleges for MBA still there is a higher chance of placement after a PGDM in various companies such as 12- 15 LPA than that of MBA (7-10 LPA). Mbaworld.in provides various MBA and PGDM college counseling with direct admission to top colleges, Since it is awarded by a university, an MBA degree may be more traditional and globally recognized, while PGDM is less known or widely accepted in India and by many companies, especially if the institution is well-known, however, its recognition may vary internationally.
Average Package in MBA 6-7 LPA
- FEE STRUCTURE:
If we discuss top colleges’ course fee structure for MBA and PGDM:
- PGDM has average college fees i.e. 12- 15 lakhs
- whereas the direct admission with MBA degree is cheap i.e. 1- 5 lakhs approximately lakh for 2 years.
- Also, the ROI (Return on Investment) is less or almost the same in PGDM (< 5-6) and MBA (< 4-5)
- . The entrance examination process is almost the same for both PGDM and MBA through CAT/MAT/XAT and ATMA and state-level institutions TSICET and MAH-CET etc.
- Even though, the eligibility criteria for Ph.D. and lectureship are also the same for both PGDM and MBA. i.e. minimum of 55 % of marks are eligible to enroll in Ph.D. Also, All PGDM and MBA students after completion, are eligible to teach PG students.
CONCLUSION:
Which is better MBA and PGDM?
In general, PGDM is far better than MBA in terms of placement, practical aspects, knowledge, and future approaches. However, top-recognized colleges are creating a different scenario in the selection of courses. Lastly, in terms of which is “better,” it depends on individual preferences, career goals, and the reputation of the specific institution offering the program. Both MBA and PGDM can lead to successful careers.
It’s essential to consider factors such as program structure, faculty, industry connections, and accreditation when making a decision. Researching and choosing a well-regarded institution for either program is crucial.
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Frequently Asked Questions:
PGDM stands for Post Graduate Diploma in Management. It is a two-year course in management. PGDM are designed to provide students with a comprehensive understanding of various aspects of business and management.
Admission to the program requires a minimum qualification of 10+2+3 with a minimum aggregate of 50%.
MBA stands for Master of Business Administration. Course duration is 2 years. An MBA is a postgraduate (PG) degree and is offered by institutions affiliated with universities.
Yes, PGDM is generally considered equivalent to an MBA. Both programs are postgraduate-level courses in management and cover similar subject areas such as finance, marketing, human resources, and operations.
Can I go abroad for higher education after doing PGDM?
Yes, After completing a PGDM, you have the option to pursue higher education abroad. The career prospects for students are equally promising in both India and abroad, whether you hold an MBA or a PGDM.
There is no hard and fast rule to determine which one is better. PGDM Course provides more practical knowledge than MBA. Due to more practical knowledge also there are high placement opportunities in PGDM. All IIM’s and Top Management Colleges in India ProvidE PGDM.
Can I apply for distance learning an MBA or PGDM?
Yes, you have the option to apply for distance learning programs in both MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management). 200+ Universities in India and abroad offer these programs through distance education, providing you with the flexibility to pursue your studies remotely.
What are some of the top colleges for MBA in India?
The option to pursue an MBA at institutions such as the Faculty of Management Studies (FMS), JBIMS (Jamnalal Bajaj Institute of Management Studies), University of Delhi, University of Mumbai, and others.
What are some of the top colleges for PGDM in India?
For PGDM diploma courses in India, one can go for IIMs, MDI, IMI, XLRI, JLBIM, LBSIM, and others.