Often people get confused with MBA Vs PGDM courses with what to choose? And some say it’s all the same and the name that differs. It is very important to know for an individual to understand how they differ with respect to their credibility, curriculum and relevance in leveling up their career!
What is an MBA? What can you expect from an MBA?
Masters of Business Administration gives is a general business degree where you are taught with versatility of subjects and management oriented concepts from HR, marketing, finance, international business, IT, Real estate and operations to so on, to enhance your managerial skills and gives you better networking, innovation and exposure in career and transitioning of career. MBA course duration is 2 years divided to 4 semesters.
Statistics show that MBA graduates are employed through all ranges of industries including in general management (24%) , technology (17%) , product and services (20%) , finance and accounting(21%) , marketing and sales (18%). An MBA is a generalist degree that requires and develops skills like business acumen, problem solving, entrepreneurial development, goal orientated, analytical thinking and research oriented skills. All MBA aspirants take admissions through common test criteria such as CAT, CMAT,MAT,ATMA etc,.
What is a PGDM course? How does it work?
Post Graduation Diploma in Management is a two year program. It is an open option for professionals from all industries such as medical,engineering and non-management background as well. PGDM courses are designed with quality of content and skill development oriented courses. They mainly focus on developing initiative, entrepreneurship ,leadership,individual excellence leading to high end career options in management and entreprenuership.
PGDM course aspirants are usually demanded to take PGDM entrance exams such as CAT, autonomous university’s entrance exams such as XAT. PGDM courses are also available through online and distance mode with duration of 12 months to 24 months according to universities. NMIMS is considered to be one of the best colleges preferred for distance PGDM courses with an average of INR 85,000 of fees for the course. Placement scope in PGDM graduates varies from experience and job roles in various specialisations.
|Brand Manager||Account Manager|
|Risk Analyst||Corporate Treasury|
|Credit Analytics||Business Operations|
|Equity Research Analysts||Wealth Management|
|Strategic Business||Project Managers|
|Marketing Manager||Recruitment Manager|
Additionally there is a huge scope for PGDM graduates in government and public sector. Well reputable companies are showing high interest in hiring PGDM graduates include:
- ITC Limited
- Hero Motocorp
- Tata Industries
- Pidilite Ind
- Asian Paints
- HCL ltd
- Hindustan Unilever
- Vedanta Group
- State Bank of India
- Bharti Airtel etc,.
PGDM VS MBA- Affiliation and Accreditation
MBA is a management degree and it is offered only through recognised universities and institutes affiliated to universities. MBA’s curriculum is accredited to the University Grants Commission (UGC). On other hand, autonomous Institutes like Indian Institutes of Management are not recognised to offer degrees hence commonly they provide PGDM which is a diploma which is regulated by the All India Council for Technical Education (AICTE).
PGDM VS MBA – Academic
Both MBA and PGDM focus and serve the same purposes of training you in management and administration stance. An MBA degree approaches to be more theoretical, while PGDM is a practical based curriculum. It drives towards the technical aspects and more real-life business scenarios. However one year PGP is widely different which is usually offered by private universities. The course is always upgraded to keep up with the dynamic nature of industry. However PGDM is considered to be a diploma only but not a degree.
MBA vs PGDM – Curriculum
As per curriculum there might not be much of a difference between MBA and PGDM as we know that management is a vast and dynamic industry. In MBA, due to inflexible stance with affiliation to many colleges it is difficult to update the syllabus frequently with the fast-paced industrial development and industrial requirements.
Whereas PGDM courses are very sensitive towards industrial demands as they are autonomous. Curriculum is updated to ensure that students are aware of changing behaviour in business, emerging trends in industry and are up-skilled with industrial demand.
Other Differences :
|Eligibility||Minimum 3 years of bachelor’s degree from recognised institution from any field.||Minimum 3 years of bachelor’s degree from recognised institution from any field.|
|Entrance Exam||Through state level exams such as PGCT, MHT CET etc.||Entrance exams such as CAT, XAT,MAT etc.|
|Validity||Valid and Recognised post graduation||Valid, Diploma and equal to post graduation.|
|Eligibility for PhD , Lectureship and Government Job.||MBA graduates with 55% Marks are eligible for Ph.D. From Indian Universities. Also MBAs graduates eligible to teach PG students.||PGDM with 55% Marks are eligible to enrol for PhD. From Indian Universities. Also PGDMs are eligible to teach PG students.|
|Ranking in General ( sources from magazines and educational sites)||Approximately 10 out of the top 100 are MBA institutions such as
Narsee Monjee Institute of Management Studies (NMIMS),
Faculty of Management Studies,
Symbiosis Centre for Management and Human Resource Development
|90% of top 100 are PGDM institutions owing to better teaching, training, exposure and
placements. IIMs,Xavier School of Management, Management Development Institute (Gurgaon)
, Institute of Management Technology (Ghaziabad), Goa Institute of Management, NMIMS, etc.