What are The Differences Between an MBA and a PGDM?

What are The Differences Between an MBA and a PGDM?
Every Management candidate must ask this crucial question before selecting a course: "What is the difference between an MBA vs. PGDM?"
 
Both the Masters in Business Administration (MBA) and the Post Graduate Diploma in Management (PGDM or PGPM, respectively) are management programs at the Master's level. There are not many differences between the PGDM and MBA courses, which both have a business focus. Many MBA colleges in Delhi offer MBA programs in a range of specializations through entrance exams like CAT, MAT, XAT, etc. However, many MBA colleges without entrance exams offer direct MBA admission based on merit.  
 
The PGDM and MBA are both business-focused programs. The fundamental goal of both programs is to prepare students for careers in management or career advancement.
 
PGDM would be a more appropriate choice for people who are interested in the corporate world or want to be entrepreneurs.
 
Although the results of both courses are the same from the standpoint of employment, there are some minor distinctions, such as degree and costs, etc. MBA colleges in Greater Noida with low fees offer MBA programs while PGDM programs are offered by autonomous institutions.
 

What do they mean? MBA vs. PGDM

 
A diploma is awarded to the candidate upon completion of a PGP or PGDM program, whereas a degree is awarded at completion of an MBA program by Delhi best MBA colleges.
 
Many students mistakenly believe that a diploma course does not have the same merit as a degree program. PGP or PGDM programs are offered by numerous Indian Institutes of Management (IIMs) and other prestigious MBA colleges in Delhi, including XLRI in Jamshedpur and SP Jain Institute of Management and Research in Mumbai. The majority of these institutions are independent organizations (not connected to any universities). The only distinction between a PGDM and an MBA is one of terminology, not of professional significance.
 
The fact that the MBA and PGDM have the same accreditation standards, curricula, and pedagogy means that both degrees are highly valued in the job market. The MBA colleges in Greater Noida with low fees are another important component when selecting either program. A degree from a state university will not be as valuable professionally as a PGDM degree from XLRI Jamshedpur.
 

What similarities are there? MBA vs. PGDM

When it comes to finding jobs in the industry or pursuing higher studies, the MBA and PGDM are equivalent.
 
Both programs teach management skills, but what matters to recruiters is the quality of education provided by the MBA colleges in Delhi, as well as its distinctive value propositions, the track record of its alumni, and the value that its graduates bring to the table. Honestly speaking, employers in the corporate sector do not care if you have an MBA or PGDM degree from a university that provides a one-year management "certificate" program, sometimes known as PGPM. The recruiter's background, skill, and job experience requirements are the only factors considered for hiring, and whether or not a student meets those requirements.
 
The same is true when enrolling in higher education programs like a Ph.D. or fellowship. In terms of eligibility for pursuing a Ph.D., the PGDM credential is equivalent to an MBA degree. A degree was generally seen as being more valuable than a diploma at the undergraduate level. However, the value of postgraduate courses, such as management programs, is determined by the quality and value of the MBA colleges in Delhi and the program, not by the nomenclature.
 

What differences are there? MBA vs. PGDM

To better grasp the value of both degrees and to know which one is best for your academic goals and needs, you also need to weigh the differences between an MBA and a PGDM.
 
To begin with the differences, MBA is a 2-yearpostgraduate degree program while PGDM is a diploma course. A private MBA college in Greater Noida with low fees with a university affiliation like AKTU may provide an MBA program. Degrees can only be granted by certain MBA colleges in Delhi NCR institutions, which are overseen by the University Grants Commission (UGC).
 
Private MBA colleges in Delhi that provide the PGDM program may change their course offerings in response to shifting corporate demands and market trends. They can quickly adopt new models, techniques, and technologies to give their students cutting-edge instruction. Universities undergo this type of adjustment on a time-based basis, typically every three to five years.
 
Students can gain from private Delhi best MBA colleges that provide PGDM programs by inviting visiting teachers from other countries for a better educational experience. MBA colleges in Delhi that specialize in on-campus PGDM programs place additional emphasis on students' entire development through courses and activities focusing on soft skills and leadership, extracurricular activities, and strong industry contact through guest lecturers.
 
Before making any decisions, you must properly understand the value propositions, offers, and industry perception of any program to which you plan to devote two years of your life.
 
We've compared MBA vs. PGDM programs on various key criteria in the chart below, which should help you determine which is best for your needs.
 
Parameters
MBA
PGDM
Abbreviation
Master in Business Administration
Post Graduate Diploma in Management
Course Level
Post Graduate Degree
Post Graduate Diploma
Duration
2 year
2 year
Eligibility
A bachelor’s degree with a minimum of 50% marks from a recognized university in any discipline.
Any graduate in any stream from a recognized college or institute.
Accreditation
University Grants Commission (UGC)
All India Council for Technical Education (AICTE)
Focus
Focus on theoretical and technical aspects of business management
Focus on practical knowledge and industrial orientation
Affordability
More Affordable
Expensive
 

MBA vs. PGDM: Eligibility

 
The following list includes the basic requirements for admission to MBA and PGDM programs at MBA colleges in Delhi.
 
MBA admission requirements: Candidates must have earned a bachelor's degree in any discipline with a minimum cumulative GPA of 50% to be admitted to MBA programs. To enroll in well-known MBA colleges in Greater Noida with low fees, applicants must pass the entrance exam at the national or university level.
 
Candidates must have a bachelor's degree from an accredited university with a minimum of a 50% grade in any discipline to be eligible for the PGDM program. A few prestigious PGDM colleges grant admission based on the results of the entrance exam.
 

Affiliations & Accreditations: MBA vs. PGDM

Government or private MBA colleges in Delhi affiliated with reputable central/state universities that have received accreditation from the University Grants Commission (UGC) provide MBA programs.
 
PGDM programs are provided by independent institutions that hold All India Council for Technical Education (AICTE) accreditation.
 

Admission & Entrance Exam for MBA vs. PGDM

Both the MBA and PGDM admissions processes are essentially the same. Academic prerequisites, entrance examinations, and interviews are all common admissions practices for MBA and PGDM schools.
 

Admissions to MBA programs

A variety of MBA entrance exams, such as the CAT, MAT, GMAT, XAT, SNAP, and CMAT, are used to determine admission at top MBA colleges in Delhi NCR. Scores from state-level entrance exams including the MHT CET, TSICET, TANCET, and PGCET are also accepted by some MBA colleges in Greater Noida with low fees.
 
  • Registration and completing the application form.
  • Appear for MBA entrance exam.
  • Taking GD and PI rounds.
  • Counseling for final seat allotment.
 

Admission to the PGDM

PGDM admissions are typically merit-based, but some prestigious universities also offer entrance exam admission. A few entry tests for PGDM programs are the CAT, MAT, XAT, and GMAT.
 
  • Getting registered and finishing the application.
  • Taking entrance tests for PGDM.
  • Candidates are narrowed down based on their academic records and results from entrance exams.
  • A round of seat allocation counseling.
 

MBA vs. PGDM: Syllabus

 
The university that the MBA colleges in Delhi are affiliated with helps in creating the MBA program's curriculum. The MBA curriculum offers a theoretical approach, and it is consistent for roughly 3–7 years. The general subjects covered by the MBA syllabus are listed below.
 
Finance Management
Marketing Management
Business Statistics
Organizational Behavior
Project Management
Principles of Accounting
Human Resource Management
Business Communication and Skills
 
The institutes create the PGDM Syllabus. Compared to the MBA, the PGDM curriculum includes more contemporary and practical topics. Depending on what the industry needs, the PGDM curriculum changes quickly.
 
The following list includes some broad themes that are covered in the PGDM course.
 
Marketing and Consumer Behavior
Introduction to Information Technology
Financial Reporting and Analysis
Operations Management
Strategic Management
Business Law & Corporate Governance
Finance Accounting
Management Information Systems
 

MBA vs. PGDM: Costs

Because MBA scholarships are offered by top MBA colleges in Greater Noida with low fees to the majority of students, they are less expensive than PGDM programs.
 
The MBA tuition may cost between 50000 and 100,000 Indian Rupees per year.
 
Because the universities that provide PGDM degrees frequently cover all costs on their own, they are more expensive than MBA programs. The cost of the PGDM program could be between 4,000 and 24,000 Indian Rupees.
 

Top MBA colleges Fees

College Name
Average Annual Fees
IIM Ahmedabad 
INR 23,00,000
IIM Bangalore
INR 23,00,000
IIM Calcutta
INR 23,00,000
IIT Delhi
INR 10,40,000
IIM Kozhikode
INR 9,50,000
IIM Lucknow
INR 10,05,000
 

Top PGDM College Fees

College Name
Average Annual Fees
Institute of Management Technology Ghaziabad
INR 19,53,000
XLRI Xavier School of Management 
INR 12,90,000
SP Jain Institute of Management and Research
INR 20,42,000
Birla Institute of Management Technology 
INR 13,00,000
GLIM Chennai
INR 18,75,000
Jaipuria Institute of Management
INR 5,70,000
Ramaiah Institute of Management, Bangalore 
INR 8,00,000
 

MBA vs.PGDM programs: MBA Colleges

The following is a list of top MBA colleges in India that provide MBA and PGDM/PGP programs, including IIMs:
 
College Name
MBA/PGDM (PGP)
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
IMT Ghaziabad
PGDM
IIFT Delhi
MBA
FMS Delhi University
MBA
JBIMS Mumbai
MBA (MMM)
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
 

MBA vs. PGDM: Placements

The following section lists the MBA and PGDM placements that the best universities offer.
 
College Name
Average Annual Salary
IIM Calcutta
INR 34,00,000
ISB Hyderabad
INR 34,70,000
IIM Bangalore
INR 33,80,000
FMS Delhi
INR 32,40,000
SP Jain Institute of Management and Research
INR 32,00,000
 
College Name
Average Annual Salary
Institute of Management Technology Ghaziabad
INR 17,35,000
XLRI Xavier School of Management
INR 32,70,000
SP Jain Institute of Management and Research
INR 33,02,000
GLIM Chennai
INR 14,50,000
Jaipuria Institute of Management, Jaipur
INR 11,49,000
 

MBA vs. PGDM: Jobs and Salary

Following completion of MBA and PGDM programs, the best employment opportunities with average annual incomes are listed below.
 

Positions and Pay After MBA

Following an MBA program from top MBA colleges in Delhi, the following list of top job descriptions and average annual salaries are available.
 
Job Profile
Average Annual Salary
Accounting Manager
INR 7,21,000
Human Resource Manager
INR 6,60,000
Marketing Manager
INR 7,00,000
Business Development Manager
INR 5,70,000
Senior Business Analyst
INR 11,60,000
 

Employment and Pay after PGDM

Following completion of a PGDM program, the top job profiles are provided.
 
Job Profile
Average Annual Salary
Business Consultant
INR 9,40,000
PR Officer
INR 2,50,000
Strategic Manager
INR 19,88,000
Brand Manager
INR 12,00,000
International Sales Manager
INR 10,00,000
 
Conclusion
 
Both MBA and PGDM are great options for those who want to develop a career in the field of management and pursue a job that pays off the efforts. Make sure to do your research before enrolling in MBA colleges in Greater Noida with low fees or PGDM colleges. Take an entrance exam if you have to or go for direct admission depending on your preferences but make sure to pick the right college to pursue either MBA or PGDM. 
   
FAQs
 
Q1. What is an MBA program?
A postgraduate degree program lasting two years, the MBA program imparts expertise in corporate management.
 
Q2. What is a PGDM program?
The two-year postgraduate PGDM program offers the practical and business-focused abilities needed for operating a business.
 
Q3. Is PGDM an MBA substitute?
The answer is that a postgraduate diploma degree called PGDM is comparable to an MBA program.
 
Q4. What distinguishes the MBA from the PGDM?
PGDM is a postgraduate diploma program, whereas MBA is a postgraduate degree. While the AICTE offers PGDM, the approved university only offers MBA.
 
Q5. Why do people choose an MBA more than a PGDM?
Compared to the PGDM, the MBA degree provides a wider career scope for students to earn and gives them a competitive edge in interviews.
 
 

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