PGDM or MBA:
You may be sometimes confused between choosing PGDM or MBA while deciding your business and management qualification. This article written by experts at College visit will clear your doubts.
The course structure of PGDM is such that it is more industry-oriented as compared to MBA. Since autonomous institutes offer this course, therefore the curriculum is kept by the latest developments. Also, PGDM has a more practical approach, whereas, MBA just gives you bookish knowledge.
FAQs on Difference Between MBA and PGDM
Q: What is the difference between MBA and PGDM?
A: To put it in simple terms, MBA refers to a management degree issued by a University and PGDM refers to Post Graduate Diploma in Management offered by a private college or university, affiliated with AICTE. Apart from this, there is no major difference between PGDM or MBA.
Q: Which is more valuable between PGDM or MBA?
A: The value of PGDM or MBA is determined based on certain factors such as the quality of the course curriculum, pedagogy, and the institute’s ranking and repute.
Q: Is PGDM equivalent to MBA?
A: PGDM is a Diploma course whereas MBA is a degree course, hence it cannot be claimed that PGDM and MBA are completely equivalent. However, in terms of core subjects and curriculum, MBA and PGDM are largely similar.
Q: Do IIMs offer PGDM or MBA?
A: Some IIMs offer MBA and some IIMs offer Post Graduate Programme (PGP) or Post Graduate Programme in Management (PGPM). Until 2017, the IIMs offered PGDM and PGP, but the IIM Bill passed that year allows them to offer MBA degrees as well. Also Read: President gives not to IIM Bill, institutes can award degrees.
Q: Which is better among MBA and PGDM?
A: No hard and fast fact can furnish an MBA or PGDM to be better than the other. The quality of management courses, be it MBA or PGDM, depends on factors like quality of curriculum, pedagogy, faculty, industry, and international exposure, to name a few.
Q: Is it possible to pursue an MBA after completing PGDM?
A: As per the eligibility criteria of the MBA, candidates should have a bachelor’s degree from a recognized institute or university. Postgraduate candidates are also eligible to apply for MBA. Hence, if a candidate wants to pursue MBA after completing PGDM are eligible to do so.
Q: What are the scopes of higher education after completing MBA and PGDM?
A: After completing an MBA, students can pursue Ph.D. in Management. Students who want to pursue academics can opt for Fellow Programme in Management. Since Ph.D. is a doctorate that can be opted for after completing a master’s degree, PGDM students will not be eligible for Ph.D. However, FPM is equivalent to Ph.D.
Q: Is it necessary to do an MBA to get a Government job?
A: No, it is not necessary to have an MBA degree to get a managerial job in a Government organization. A PGDM is a relevant specialization that can also be equally eligible or suitable for a managerial role in a Government organization. However, having an MBA or a PGDM degree is not enough for getting a job in any organization. The candidate has to fulfill other eligibility criteria or other skills required for the role.
Q: Which course is more affordable PGDM or MBA?
A: Generally MBA programs are more affordable than PGDM. Especially those MBA programs which are offered by Government or public universities. The fee range of MBA programs in government colleges and universities is under Rs 2 lakh while in private institutes and universities it can go up to 25 lakh.