#1
26th April 2016, 09:30 AM
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MBA or PGDM
What is the basic difference between Master of Business Administration Degree and Post Graduate Diploma in Management Course please provide me information about it
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#2
26th April 2016, 09:31 AM
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Re: MBA or PGDM
Many students are of the view that it is a PGDM is Diploma course and not a Degree; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. MBA A two year management degree expands to Master of Business Administration, only Universities can grant MBA degrees. It could be foreign university or Indian University. Let us help you understand the basic difference between the two in India-: 1) Only universities can offer MBA: In India only those management institutes which are affiliated to a university can offer an MBA degree. Institutes which are not affiliated to university are autonomous and can offer PGDM (Post Graduate Diploma in Management) degree 2) Difference in focus of curriculum: While there are huge similarities in the curriculum of both MBA and PGDM, there are finer points of difference. While MBA focuses more on theoretical aspects of management and is more exam-oriented, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market. 3) Curriculum of PGDM is flexible: Since an autonomous institute does not have to follow university standards, it is free to change its curriculum according to industry standards and change in business environment. Also a PGDM gives you an industry exposure. Whereas it will take time to change the curriculum for MBAs as it is affiliated with a university and it will essentially follow the university guidelines and changing this curriculum is a very slow process. 4) MBAs are more affordable: In compared to PGDM, generally MBAs are more affordable as the fee is almost similar to university standard. 5) Difference in focus: An MBA will help in developing technical skills and business knowledge whereas a PGDM will prepare graduates for senior level positions in industry and paves the way for a strong corporate career. Hence, if you’re looking for a career in the challenging area of management, you should go for PGDM. |