Difference between MBA and PGDM

WHAT EXACTLY IS MBA?

An MBA is a two-year postgraduate degree programme that offers a variety of specialisations and is accredited by the university with which the college that offers the course is affiliated.

The course assists future business leaders and entrepreneurs in developing business and management skills. An MBA is awarded to students who complete a two-year management programme.

Successful completion of this course makes it easier to build a career in the candidate's preferred industry.

WHAT EXACTLY IS PGDM?

A PGDM is a business management programme that is offered by autonomous B-schools that are accredited by AICTE and are not affiliated with any university.

THE DIFFERENCE BETWEEN AN MBA AND A PGDM

The primary distinction between the two programmes is that an MBA is a degree programme, whereas a PGDM is a diploma programme. Both MBA and PGDM, as postgraduate courses, require students to have completed their graduation in any stream with at least 50 percent and 45 percent marks, respectively.

Candidates for MBA admission must take entrance exams. While PGDM candidates must also take entrance exams, some institutions allow direct entry based on their own (institute-level) examination.

Both of these courses necessitate additional rounds such as the Written Ability Test (WAT), Group Discussions (GD), and Personal Interview (PI).

The MBA and PGDM curricula are very similar. However, MBA course norms are determined by the university, and the curriculum is not frequently revised because colleges are not permitted to make changes without the university's approval.

PGDM courses, on the other hand, are quite flexible because they are offered by autonomous institutes that can introduce elemental changes in the program's curriculum to make education more effective.

MBA programmes focus on developing students' business and technical knowledge, with an emphasis on developing theoretical concepts that are essential in the business world.

PGDM prepares students for real-world situations by preparing them to come up with viable solutions. The course's primary goal is to prepare students for employment by making them industry-ready and adaptable.

MBA programmes are less expensive than PGDM programmes. Because MBA programmes are affiliated with universities, the grants received by the university help to offset the cost of the course for students.

Because most institutions do not receive grants, students must bear the entire cost of PGDM courses. As a result, pursuing a PGDM is an expensive programme.

Choosing the right college is therefore as important as deciding on either course. Before making a decision, students should consider factors such as industry interface, practical and live projects, case studies, and the college's placement history.

CONCLUSION

To summaries, both the MBA and the PGDM are highly valued management courses that are perceived to be of equal value around the world. The curriculum and fee structure are the most significant differences.

Pursuing either of the two courses can guarantee students well-paying job opportunities, which are further dependent on academic performance.