PGDM Vs MBA: Know the Difference Between PGDM and MBA

PGDM Vs MBA: Know the Difference Between PGDM and MBA
What is the difference between PGDM and MBA? This is a very important question students seeking admission to management studies often ask. Both programs belong to the management field, at a Postgraduate level and the course curriculum is similar. However, there’s a vast difference between the two programs, MBA is a degree while PGDM is a diploma course. While there’s not must difference between the job market of the two programs, but private colleges do not offer the degree without a relevant accreditation or recognition.

PGDM and MBA both are business-oriented programs. Both courses aim to train individuals with the recent techniques and skills of management and business administration. Before choosing any of the programs, students must understand the key differences.

 

Five Main Differences Between PGP(M)/PGDM and MBA

While both programs offer better development of the aspirants of management studies. Take a look at the five main differences between PGP(M)/PGDM and MBA.

  1. PGDM vs MBA (Degree vs Diploma): MBA program is a degree, while PGDM is a diploma. Many students think that diploma courses do not have the same importance as the degree programs, which is not true. Many colleges in India offers PGDM or PGP programs. The main difference between the two programs is in the nomenclature and not in the professional value.

 

  1. MBA vs PGDM Differences in Syllabus: Mostly, MBA curriculum is structured by the colleges. PGDM syllabus is not must different, as the courses are decided by the individual educational institutes. The syllabus of MBA goes through changes based on the industrial changes.

 

  1. MBA vs PGDM: Susceptible to Fraudulence: PGP or PGDM programs are provided by autonomous institutes, thus candidates have to be very careful before taking admission. On the other hand, MBA programs are offered by varsities, so there are less chance of fraudulent actions. Students must check the accreditations of UGC, and others like Equis, AMBA, AACSB, and NAAC.

 

  1. MBA vs PGDM Differences in Main Subjects: Both PGDM and MBA programs have common focus subjects. however, some experts say that MBA focuses mainly on the technical section of management, while PGDM or PGP programs tend to focus on the practical approaches.

 

  1. MBA vs PGDM Differences in Cost: It has been noticed by experts that, MBA course fee is lower than PGP or PGDM programs. This is because MBA courses are offered mostly by government colleges, they receive financial grants and aids from the government, which makes the course affordable. While PGDM or PGP programs are offered by private universities that receives no financial support from the government. However, the IIMS offer the highest MBA course fees, even though it’s not a private college.

 

MBA vs PGDM Key Features

Full Form: PGDM- Post Graduate Diploma in Management. MBA- Master in Business Administration

Course Level: PGDM- Post Graduate Diploma. MBA- Post Graduate Degree

Focus: PGDM– Practical knowledge and industrial orientation. MBA- Theoretical and technical aspects of business management

Duration: PGDM– 2 years. MBA- 2 years

Accreditation: PGDM– AICTE. MBA- University Grants Commission, UGC.

Eligibility: PGDM– Bachelor’s degree in any discipline from a recognized university. MBA- Bachelor’s degree from a recognized university in any discipline with minimum 50% marks.

Affordability: PGDM– Costly. MBA- More Affordable

 

MBA vs PGDM Course Content

MBA Course Content: Marketing Management, Finance Management, Human Resource Management, Organizational Behavior, Business Statistics, Principles of Accounting, Project Management, Business Communication and Skills.

 

PGDM Course Content: Marketing and Consumer Behavior, Financial Reporting and Analysis, Strategic Management, Finance Accounting, Introduction to Information Technology, Operations Management, Business Law & Corporate Governance, Management Information Systems.

 

MBA vs PGDM Tuition Costs

MBA: Fee- INR 10 to 25 Lakhs

PGDM: Fee- INR 10 to 35 Lakhs

 

Colleges Offering MBA or PGDM

IIM Ahmedabad- MBA

IIM Bangalore- MBA

IIM Calcutta- MBA and PGDM

IIM Lucknow- PGP

IIM Kozhikode- PGP

IIM Indore- PGP

IIM Shillong- PGP

IIM Ranchi- MBA

IIM Rohtak- PGP

IIM Bodh Gaya- PGP

IIM Visakhapatnam- PGP

IIM Trichy- PGPM

IIM Jammu- MBA

IIM Kashipur- MBA

IIM Sambalpur- MBA

IIM Udaipur- MBA

IIM Amritsar- MBA

IIM Nagpur- MBA

IIM Raipur- PGP

IIM Sirmaur- MBA

XLRI Jamshedpur- PGDM

MDI Gurgaon- PGDM

SPJIMR- PGDM

NMIMS- MBA and PGDM

IMT Ghaziabad- PGDM

IIFT Delhi- MBA

FMS Delhi University- MBA

JBIMS Mumbai- MBA (MMM)

Symbiosis International Deemed to be University- MBA and PGDM

IIT Delhi-DOMS- MBA

IIT Bombay – SJMSOM- MBA

IIT Kharagpur – VGSOM- MBA

IIT Roorkee- DOMS- MBA

IIT Madras-DOMS- MBA

IIT Kanpur-DOMS- MBA

IIT-ISM Dhanbad- MBA

IIT Jodhpur- MBA

 

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