We all are aware that this is the most common confusion among MBA aspirants that what he should study, whether they should go for an MBA or PGDM course.
Today we will try to grill more over this and will shower some lights on each of this so that while choosing the same a student should remain crystal clear from his mind.
Those who wish to build a career in a senior managerial position knowing the difference between these two courses in the beginning.
Before you rush to take the entrance tests and fill the application for your dream institute, it is important that you get the basics sorted out.
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So, let us see MBA and PGDM up close.
Diploma Degree
The foremost difference between both these courses is that – PGDM is a diploma course, while MBA is a degree course.
Incidentally, many people have an idea that the market value of a diploma program (PGDM) does not match the level of a degree (MBA). Anyhow, that is just a notion.
In reality, the main difference is that MBA is a degree programme conducted by Universities and colleges with affiliation to those Universities.
The diploma programme, i.e., PGDM is the course that is conducted by those autonomous institutes that are recognized by the AICTE approved by the Ministry of HRD and Government of India.
So, it is important to understand your career objectives and go for a reputed college instead of stressing on a degree or diploma.
Syllabus and Curriculum
Another factor for differentiating MBA and PGDM is the syllabus. In the majority of the MBA courses; the curriculum is formulated by the university and therefore is pretty rigid in that sense. So, the core syllabus is expected to be the same in two different MBA colleges recognized by the same university.
On the flip side, PGDM courses are designed by an institute individually, which leads to more flexibility in the curriculum. Even various changes are made in the syllabus every year by changes in the industry. Therefore, colleges offering a PGDM programme are expected to be more suitable and aligned with the trends in the corporate world.
The focus of the Course
The core subjects of both courses, i.e. MBA and PGDM are common. However, the experts claim that the MBA programmes are more focused on the technical and theoretical aspects related to management rather than the adoption of practical knowledge.
On the
other hand, PGDM courses are more focused on the industry and its practical
knowledge. This course is designed to develop the skills needed in the current
market.
Expenses
Now, this is certainly one of the major factors for differentiating both the courses, i.e. PGDM and MBA.
One of the reasons behind it is that most of the MBA offering colleges are approved by the government. Hence, they get good financial support from the government and consequently getting the degree is more economical for the students.
But in
the case of PGDM, the candidate has to bear all the cost for the entire program
as there is no financial support offered to the college by the Government
Innovative Teaching Methods
Training and teaching are multi-dimensional under PGDM; even activities like cases, presentations, short-term training, and simulations are part of pedagogy.
Whereas the scope of innovation in MBA is also very good as the syllabus is finalized by the university and does not only rotate around bookish knowledge.
Entrance Examinations
An individual can get entrance in PGDM through CAT/MAT/ATMA/XAT and also state-level examinations like MHCET, TSICET. Some universities consider only state level entrance exams for MBA, but a few also accept CAT and MAT.
Ranking
According to the business magazines and student-centric websites, 90% out of the top 100 institutes offer PGDM courses in India which include premium institutions like ISBR Business School. But that does not mean that MBA colleges are anywhere far behind them.
I hope now the basic differences have been clear to you all. You can now take wise decisions and should choose either MBA or PGDM accordingly.
