Aspiring leaders and students in management want a higher education that can give them the tools to be at the top of their career games. One of the safest ways to do this is to pursue a management program after graduation. But which management program should ideally be followed between PGDM and MBA? Let’s check!
There are more than 5000 B-schools in India offering MBA and PGDM in Management programs. However, one of the difficulties that all students face is “how these two courses differentiate and which is better?” so this article will reveal the top 5 differences among MBA and PGDM together to assist you in deciding with choosing which one is appropriate for you.
Top 5 main differences between PGDM and MBA:
Before choosing a course, understand the differences and choose the right course for your convenience and career.
1. Course Information
PGDM- The Graduate School of Management Diploma is a two-year AICTE (All India Council of Technical Studies) accredited program. About 500 institutions have been approved by AICTE to offer PGDM in India. These accredited institutions design and upgrade their own curricula as needed, conduct their own exams, and evaluate their students. Overall, the curriculum is designed with industry requirements in mind so that students are positioned correctly.
MBA- The Master of Business Administration or Master of Business Administration is a UGC-accredited postgraduate program offered by the University. The duration of the MBS course is two years. Most universities are affiliated with universities and allow them to teach MBA courses. There are approximately 5,500 universities offering this course throughout India. In general, most universities change their curricula after 5 to 10 years. This makes the process irrelevant and wasteful when it comes to placement. Students generally receive a lower salary compared to their PGDM colleagues.
2. Course Curriculum
PGDM- The curriculum of the PGDM course in Tamilnadu changes regularly depending on the actual working environment
MBA- The course curriculum is changed once every 3-5 years according to a core plan offered by the university.
3. Course Objectives
PGDM- This course is proposed to foster efficient industry-specific education and market awareness in a genuine business climate and soft skills
MBA- Aims to develop the theoretical aspects of management, technical skills, and more directed exams.
4. Course Fee
PGDM- The fees of many PGDM high schools of high quality range from 5-10 Lacs rupees.
MBA- MBA fees at public universities and colleges are low. FMS Delhi College charges INR 25,000 for a two-year MBA.
5. Entrance Exam
PGDM- PGDM College approves one or more of the six approved exams: MAT, GMAT, CAT, XAT, CMAT, etc.
MBA- MBA schools acknowledge state-level tests, for example, TAN-CET, MAH-CET, and MET-MP as per state-controlled university rules. There are also self-examinations such as SNAP, TISS, NMAT, IRMA, and IBSAT.
Conclusion- Which is better, MBA or PGDM?
A clear career path can be identified by understanding our professional abilities and efforts. The point from now on is that you need to visualize your career path.
So pay attention to what the industry and the job market demand, and focus more on what you want. This is because MBA and PGDM lead to the same professional view of the world and India.
PGDM graduates have the benefit of learning through real-life situations and experiences in the work area. MBA graduates follow the semester’s curriculum and gain valuable knowledge through a network of students, faculty, and alumni.
We need to consider all of the above factors and our personal goals to get the most out of ourselves throughout our careers and visit the website to take admission to your favorite course.