Confused about MBA vs PGDM? This guide breaks down the key differences between MBA and PGDM & helps you choose the best option for your career goals!
The decision to take on the route of an MBA instead of a PGDM can be a challenging one.
Both postgraduate programs have similar advantages like the opportunity to build business skills and build relationships with professionals.
What’s the main differentiator in MBA and the PGDM? Which one is more suitable for you?
This is largely based on your goals and expectations. If you are looking to pursue a the field of business administration, then an MBA could be a better option.
If you’re looking to finish your education faster then an PGDM might be the ideal choice for you. Let’s take a look at everything in depth!
What is an MBA?
MBA is the abbreviation in the form of Master of Business Administration, and is an postgraduate degree that you can earn following the completion of a bachelor’s degree. The MBA program usually lasts two years.
The MBA course typically covers topics like accounting, finance marketing, management, and accounting.
Students who enroll in an MBA program will be enrolled in courses covering all of these areas along with other related business subjects.
An MBA is beneficial to those who wish to build their careers in the field of business. It may also be beneficial for those looking to establish their own business.
The knowledge and skills acquired during the MBA course can be used in a myriad of ways.
What is PGDM?
The Post-Graduate Diploma in Management (PGDM) is a degree program designed to make students ready for career opportunities in leadership and management.
The program gives students the skills and knowledge needed to succeed in a range of managerial jobs.
The PGDM program includes courses in areas like marketing strategy, business strategy, finance as well as operations and management.
The curriculum required for the PGDM program is similar to that of like the MBA program. However it is true that an PGDM program typically is smaller than an MBA program, and it can be completed in a couple of years.
Difference Between MBA & PGDM
Management courses like MBA as well as PGDM have been designed in order to help students prepare to take on leadership roles in companies and other organizations.
Each of the MBA as well as PGDM programs provide a wide knowledge of business areas like marketing, finance human resources, operations management.
There are however important distinctions among MBA in comparison to PGDM programs. The most significant distinction is the way in which MBA programs are generally more focused than PGDM programs.
For instance, MBA programs may offer specializations or tracks that focus on specific areas of business, such as finance or accounting.
Contrary to that, PGDM programs generally provide the most general business education.
A further major difference in MBA or PGDM programmes is admission prerequisites.
Executive MBA programs require applicants to have an experience in the field prior to beginning the program. Contrary to this, many PGDM programs don’t have this requirement.
In addition, the price of the tuition fee is an important aspect to consider when deciding between the MBA or the PGDM.
Overall, MBA programs are more affordable than those offered in India. To summarize the two programs, MBA and PGDM Programs provide the foundation for management of business.
Degree vs Diploma
Both programs provide similar instruction, the main distinction between the MBA as well as a PGDM is in the kind of certificate each awards after completion.
An MBA is an advanced degree that is recognized internationally and usually requires two years to complete.
A PGDM A PGDM, on contrary is a Post-Graduate Diploma in Management. It is either a two- or one-year diploma that is awarded as an award instead of an academic degree.
What do these mean regarding career opportunities? In general the MBA can open more opportunities than an PGDM particularly in the case of working in a foreign country.
It’s not to suggest that having an PGDM will not help you get ahead but it definitely will! But if you’ve got the time and money to invest in an MBA is certainly worth a look.
Difference of Curriculum in MBA and PGDM
Although each MBA as well as PGDM is a postgraduate business management courses however, there is a significant distinction between them in terms of the curriculum.
An MBA program usually takes an encompassing approach, encompassing a wide range of business subjects like marketing, finance human resources, operations management.
A PGDM program however is more specific.
The best program for you will be based on your career goals and needs for education.
If you’re looking for general knowledge of business subjects, with the ability to customize your education to your individual preferences and needs, then an MBA might be the best option.
However, if you’ve got specific ideas about the kind of job you’d like to pursue following graduation, then an PGDM may be a better choice.
Gain Professional Excellence
Because MBA is a cost-effective method to improve your skills, it is usually a popular choice for students.
The median salary of an MBA graduate is INR 21.3 lacs. The average salary for PGDM graduates is around INR 12.96 lacs. the salary for an PGDM is approximately INR 12.96 lacs.