7 Primary Differences between PGDM and MBA
- General
- Ankit kumar
As a PGDM Student of ISB&M, I want to share some insights with you all about MBA Vs PGDM.
In the journey towards building a rewarding and impactful career in the world of business. The path diverted into two avenues: pursuing an MBA (Master of Business Administration) or a PGDM (Post Graduate Diploma in Management). Both appear to be similar, even identical at first sight. But are they...?
This blog post aims to mention the significant differences between an MBA and a PGDM and help you make an informed decision about your educational pursuits.
What is an MBA?
MBA stands for Masters in Business Administration. It is a degree program offered by universities or institutions affiliated with universities. It is the theoretical aspects of management that are primarily focused on.
What is PGDM?
PGDM stands for Post Graduate Diploma in Management. It is a diploma course offered by autonomous institutes (not affiliated with any university). It is Industry-oriented practical knowledge tends to be the primary focus. The curriculum changes rapidly depending on the industrial requirements.
=> Differences between MBA & PGDM
Qualification Type:
MBA: It is a degree program typically awarded by universities.
PGDM: It is a diploma program offered by autonomous institutions that are not affiliated with universities.
Affiliation and Accreditation:
MBA: Often accredited by national educational bodies and recognized globally, as it is awarded by universities.
PGDM: Accredited by various national and international bodies but the diploma might not be as universally recognized as a degree. The recognition can depend heavily on the reputation of the issuing institution.
Curriculum Flexibility:
MBA: The curriculum is generally fixed and standardized by the university, with less flexibility to incorporate industry changes quickly.
PGDM: The curriculum is more flexible and can be updated more frequently to reflect current industry trends and practices.
Program Duration:
MBA: Usually ranges from 1 to 2 years, depending on whether the program is full-time or part-time.
PGDM: Typically a 2-year program, though some institutions offer shorter versions, especially in executive or part-time formats.
Cost:
MBA: Can be less expensive, particularly at well-known or prestigious universities.
PGDM: Often priced higher compared to many MBA programs, though costs can vary based on the institution.
Further study like PhD:
MBA: An MBA can easily pursue PhD .
PGDM: A PGDM should complete his PGDM from AIU affiliated university.
Focus and Practicality:
MBA: Typically provides a comprehensive business education with a balance of theoretical and practical learning. It often includes case studies, group projects, and internships.
PGDM: Usually has a strong focus on practical, hands-on learning with a curriculum designed to address current business needs. It often emphasizes industry connections, internships, and live projects.
Written By: Ankit Kumar
Student At ISB&M Bangalore
