What is Major Difference Between MBA & PGDM ?
With the rise of corporate culture as well as encouragement to entrepreneurship in India, more and more students are opting for management studies. There is no dearth of institutes and universities offering postgraduate programs in management. In fact, Delhi & the NCR regions have on the brink of 3,500 management institutes offering a good range of courses all under an equivalent academic bracket – MBA in Delhi. However, Indian students often find themselves faced with the selection of two such courses, namely MBA and PGDM.
Candidates are often unsure about the difference in titles also as content. This results in much confusion regarding which course one should choose , and why. guide to understand the difference between the PGDM and MBA courses in India.
Decoding the Terminology
Although both courses essentially train you for managerial and leadership positions, there are quite few technical differences. Perhaps the foremost striking among these are the formal names of every . What is MBA? - MBA, short for Master of Business Administration, may be a post graduate degree. On the opposite hand, PGDM, which stands for Post Graduate Diploma in Management, is actually a diploma.
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Affiliation and Accreditation
As MBA may be a degree, it can only be offered by universities and institutes affiliated to universities. curriculum is accredited by the (UGC). On the opposite hand, autonomous bodies like IIMs aren't authorized to supply a degree. the Post Graduate course in Management is recognized as a diploma and is regulated by the All India Council for Technical Education (AICTE)
Academic Differences
As mentioned earlier, while both courses aim to coach you in management and administration, their approach differs significantly. While an MBA course tends to be more theoretical, a PGDM focuses on the technical aspects, providing exposure to real-life business situations. Also, a PGDM is extremely different than a 1 year PGP offered by many private institutes all across India. Another advantage of a PGDM is, because it is obtainable by autonomous institutes, the curriculum are often upgraded more frequently to incorporate the new changes and trends in business management.
However, if you would like to pursue education abroad, a PGDM is taken into account to be a diploma, while a university-affiliated MBA is counted as a degree, supplying you with a far better standing.
How it Impacts You Professionally
In India, also as overseas, both MBA and PGDM courses are considered having equal value when it involves career prospects. Having a PG diploma rather than a degree is never considered to be a drawback. In fact, it's the reputation of your university or institute and more importantly, your professional capabilities that really matter.
Now that you simply have a far better understanding about the differences between the 2 programs, evaluate the courses and choose as per your academic and professional preferences.
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