Aspiring students in the management field search for a higher education course which will provide them with a better and stable career. Here comes the dilemma because there are two different courses offering a similar type of education – Masters in Business Administration (MBA) and Post Graduate Diploma in Management (PGDM). It is very crucial that a student should have the complete information about both the courses.
MBA and PGDM are the B-school courses with some differences that should be kept in mind before opting for anyone. MBA is a two-year management degree offered by colleges affiliated to any universities; a degree can only be given by universities. Whereas PGDM is a diploma course offered by an autonomous institution or college without any university affiliation, but only with the approval of All India Council for Technical Education (AICTE). The fee structure of PGDM colleges is comparatively higher than the MBA colleges. The syllabus in MBA colleges is designed and approved by the respective university and doesn’t undergo any change and thus gives a theoretical knowledge about the business environment. The syllabus offered in PGDM institutions is rather flexible and changes according to the needs of a business market, giving an industry exposure. Again a student can go for a higher degree of Ph.D. after pursuing the MBA degree, which is not required if he/she acquires a PGDM course. Even the start-up salary after the completion of both these courses remain the same depending on the colleges/institutions they have completed their academic degree or diploma and the performance of the student.
Choosing between MBA and PGDM is a very tough task nowadays when the business market is full of competition. But with some of the top colleges like IIM, Symbiosis Institute of Business Management (SIBM), XLRI, Amity University, and SPJIMR the aspirants can get the best academic facilities. Recruiters from well known industrial and business sector also prefer these colleges during campus selection because of the standard and quality of education they impart. Only with the right choice of the desired college/institution can give your dreams the best wing to soar higher above the clouds of doubt and fear.
1. WHAT IS THE DIFFERENCE BETWEEN PGDM/PGP?
The full form of PGDM is Post Graduate Diploma in Management and the full form of PGP is post graduate programs. So, PGP is not a course rather a programme that gives a Post Graduate Diploma in Management (PGDM). The reason behind naming a PG course in management as PGDM is that the institutions which are an autonomous body and not affiliated to any university cannot offer MBA degrees. The autonomous bodies keep upgrading their syllabus and course structure as per the changing business environment but MBA courses don’t change frequently rather once in 3 to 5years or more.
2.WHAT PROGRAMMES IIMS AND XLRIS DO OFFER??
IIMs and XLRIs offer PGDM OR PGP Diploma. The degree is offered by the institutions recognized by University Grants Commission (UGC) and Diploma is offered by the institutions recognized by the Ministry of HRD and All India Council for Technical Education (AICTE).
3. WHAT IS THE DIFFERENCE IN THE SYLLABUS AND COURSE STRUCTURE IN MBA AND PGDM?
The syllabus of MBA is rigid in nature because they require approvals from University Curriculum.so, they are changed once in 3 to 5 years or more. And in government universities, theoretical aspect is given more importance. Whereas in PGDM, the course structure is flexible and Frequently Updated according to the Industry needs and job requirements so that students could get placement easily. Some reputed private B-schools also provide courses at par to the IIMs.
4. WHICH PROGRAMME SHOULD I CHOOSE IF I WANT TO MAKE A CAREER IN ACADEMICS???
If you aim to be a lecturer/professor or want to pursue research in the field of management then MBA offered by Government Universities is more suitable for you. On the other hand, MBA offered by top Private Universities is good for both corporate career and academics.
5. WHICH COURSE IS BETTER TO MAKE CAREER IN CORPORATE WORLD?
Students who want to enhance their employability skills for a better corporate career, desire to do jobs in MNCs or want to start their own enterprise, then PGDM is the best option for them.
6. CAN I PURSUE Ph.D. AFTER PGDM?
No, you cannot pursue Ph.D. right after doing PGDM or PGPM course. Because PGDM is a diploma course and for PhD, you must have A MBA degree. That's the only drawback of PGDM and PGPM.
7. WHAT IS THE COURSE DURATION OF MBA AND PGDM?
Both MBA and PGDM are the courses of two years duration.
8. HOW IS PGDM FOR DISTANCE LEARNING?
PGDM is a professional course, which teaches the practical aspects of the work through experimental learning. Which includes group activities, networking with corporates to organize events, etc. The tight schedule for having too many courses in very short time trains students in handling pressure which is inevitable in work life. The knowledge one acquires by applying the things in the practical field what he/she has learnt in books is much more helpful than only learning the theories from the books. And of course, communication skills that are cultivated only when you have people around to interact with. These essential soft skills can be built only in a full-time course, and no other form of education can provide such a platform.
9. WHAT ENTRANCE EXAMS YOU SHOULD QUALIFY TO STUDY MBA?
The Government colleges governed by State Governments, admit thru state level examination like MAHCET, OJEE, PGCET, TANCET etc. Top private universities and Some Govt. Central Universities accept National level entrance tests like CAT/XAT or also conduct their own entrance tests.
10. WHAT ENTRANCE EXAMS YOU SHOULD QUALIFY TO STUDY PGDM?
Qualifying Common Admission Test (CAT) is mandatory to study in IIMs. Other B-schools select students on the basis of the scores in any of the 6 approved exams: CAT, XAT, CMAT, MAT, GMAT, ATMA.
11. WHAT ARE THE PARAMETERS TO CHOOSE RIGHT B-SCHOOLS OR COLLEGES TO STUDY MBA OR PGDM?
Things to be kept in mind while choosing a B-school or college are
- UGC recognition or affiliation
- Ranking of the b-school
- Reputation of the institution
- Placement record
- Legacy & Reputation of the B-school
- Fee of the B-school
- Student-faculty ratio
- Quality of students joining the MBA/PGDM Program
Read Also: Full Time MBA V/S Part Time MBA: 7 Factors You Must Consider To Choose Suitable Option For You