PGDM vs MBA: Major Differences Between PGDM and MBA

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MBA stands for Master of Business Administration and PGDM for Post Graduate Diploma in Management. An MBA Degree is issued by a University and a private college, institute, or University offers PGDM. Both Programs teach Management Skills.

Now the bigger question arises: PGDM vs MBA. What to opt for though both programs have a duration of two years, there are some similarities and differences between the two.

The PGDM and MBA do not differ in industry or for higher studies. Both the bodies are formed for higher education, Which means PGDM and MBA are both postgraduate programs and have the same equivalence and acceptance.

The difference while comparing both PGDM vs MBA Salary can be attributed. The world is more transformative today than it was earlier.

Let’s first briefly Understand PGDM and MBA:

What is PGDM?

The PGDM, or Post Graduate Diploma in Management, is a Diploma program offered by business schools. The PGDM Curriculum can be revised at the business school’s discretion. This assists in keeping it on equitability with all the requirements of the industry and its standards. PGDM is a two-year business management program that fulfills the industry requirements and helps the applicant develop hard skills and soft skills to step into industry-ready professionals.

What is an MBA?

An MBA or Master in Business Administration is a Degree Program offered by a private university, government university, or a college affiliated with the University. The MBA curriculum is usually a syllabus that takes place with the time over 3-5 years, but its rigid curriculum makes it hard to maintain with changes in Industry standards.

MBA programs usually take place over two years. Meanwhile, a part-time MBA is normally taught on weekdays, and part-time programs last three years or more.

What is AICTE?

AICTE is the All India Council for Technical Education, a central Government body and council for approving Management Education under the Ministry of Resource Development.

What is UGC?

UGC, the University Grants Commission of India, is also a central Government body set by the act in parliament under The Ministry of Human Resource Development.UGC is a recognized university and is responsible for maintaining the standards of higher education.

Let’s find out  PGDM vs MBA:

Both programs teach management skills and the quality of education by the business school or b-school. B-schools offer a one-year Certificate program in management called PGPM. One of the major differences is that MBA is a degree course, whereas PGDM is a diploma course offered by institutes.

However, despite several differences between the PGDM and MBA courses, the highly influencing factor is the institute providing them. Although an MBA degree College emphasizes management theory, PGDM courses are known to set more focus on the skill set. 

PGDM vs MBA salary:

From a Job point of view, both PGDM and MBA professionals have Salary advantages over other professionals. There is not much difference between the salary of PGDM vs MBA professionals as both offer equal opportunities and advantages.

Diploma vs Degree( PGDM vs MBA):

The major difference between a PGDM and an MBA is that a PGDM is a diploma course offered by institutes. At the same time, an MBA is a degree course that is offered only by institutes or colleges affiliated with universities. 

PGDM is offered by an institute approved under AICTE, and an MBA is a Degree offered by UGC-approved Universities.

However, you should focus more on Quality determinants like curriculum, ranking, and the methodology of teaching while choosing between the two.

Let’s Discuss some of the Major Differences between PGDM and MBA:

• PGDM is run by the institution, which is completely responsible for designing the course, selecting students, providing training, and finally placing them by evaluation. Universities and affiliated colleges design the MBA course to teach them. Also, the universities haven’t changed the course for decades.
• MBA is theoretical, whereas PGDM is a practical course. 
• The PGDM is mostly offered by Institutions, Which means they offer one program, while the MBA is offered by universities and colleges offering other courses as well.
• MBA degree places their students across various companies, whereas PGDM students have job opportunities due to updated skills.

Are you in a dilemma about what to pursue in the PGDM vs MBA Program? The question of PGDM vs MBA comes to mind of almost every student seeking a career in business management. Henry Harvin Education is one of the best platforms to step in to come out of this great confusion. 

After graduation, students seek management courses where they find great uncertainty while finding out the difference between what to do PGDM vs MBA, as there are a few points that make a difference between the two of them.

Moreover, the MBA course has lower tuition fees than the PGDM course.

If you are looking forward to investing your precious two years in any of these highly valuable programs, you must completely know their idea, proposition, and Industry perception before making any decision.

MBA online degree course from Henry Harvin Education gives the security for your long-lasting career.  Moreover, career-wise, I also calculated the difference between PGDM vs. MBA salary.

Why Henry Harvin Education?

• MBA course is a UGC-certified
• Best EMI option available
• 2 years learning program
• 100% placement support
• Internship after completion of the course
• Everything self-paced
• Mentoring by Award Winning Trainers 
• 1 Year Gold Membership
• Customized Learning
• Enterprise-Grade Learning Management System (LMS)
• 24*7 support
• Flexible Schedule
• Monthly Bootcamp sessions
• Unlimited Live Sessions in Membership
• Recording of all the batches for Lifetime

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Conclusion:

To sum up, The similarities and differences between PGDM and MBA above analyze which one of the two is more beneficial in the current scenario. The PGDM courses follow an industry-demand curriculum with a practical approach, and the MBA is theoretical.

Various organizations prefer PGDM courses over MBA. PGDM program is a huge investment of money, whereas MBA has lower fees and is more affordable. An MBA degree lasts duration for two years, whereas a PGDM degree can last for one or two years, depending on the institute.

One major difference is that students mostly seek an MBA degree offered by a University, whereas autonomous Institutes can do PGDM.

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FAQs:

Q.1 What is an MBA?

Ans. MBA stands for Master of Business Administration. It is a post-graduation program that offers ample job opportunities. So, anyone from any field can go for an MBA degree program with specialization.

Q.2 What are the career opportunities Post the course completion?

Ans. There are multiple job opportunities available after course completion. MNCs hire MBA graduates in bulk to fill up their Managerial posts.

3. What are the descriptions of an MBA Program?

Ans. A student who is a Graduate from any stream with a minimum of 50% marks is eligible for an MBA course.

4. What is the major difference between a PGDM and an MBA?

Ans. The difference between both the courses is PGDM is a Diploma course and an MBA is a Degree course.

5. What is the cost difference between a PGDM and an MBA?

Ans. There is a cost difference between both Courses. An MBA is far cheaper than a PGDM. This is because an MBA Degree is mostly offered by Government-aided Universities. Whereas, in PGDM courses students have to bear the cost of the entire program in private Institutions. 

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