I have finished my PGDM from premium b-school and had encountered some great scholarly and also additional work educational modules exercises. So I meet all requirements to answer this.
So these both are relatively same, in wording vocation forthcoming doesn't make much contrasts. Anyway beneath are some correlation in a few parameters I attempted to list down -
I) Institute type -
Just schools partnered to a college can offer MBA for their business courses. Eg - FMS-Delhi, NIMT Institute of the board and so forth. In this manner MBA is UGC allowed course. Where as PGDM is offered via self-governing establishments like IIMs, XLRI, NMIMS, SIBM, Fore School of Management, NIFT, MDI, IMT and so on. PGDM offering organizations are a free body not affliated to any college anyway they are endorsed by AICTE.
ii) Duration obviously -
MBA programs are currently a days two years in length according to UGC.
PGDM projects may last from one year to two years. Typically the two years in length PGDM is said as comparable to MBA.
iii) Curriculum Type -
MBA standards are subject to the college and educational programs isn't much of the time modified as schools can't present changes without the assent of the college.
PGDM is a greater amount of adaptable one as self-governing foundations can acquaint natural changes all the more often with make the training more viable. Normally PGDM courses are much more refreshed than a MBA.
iv) Focus of the course -
MBA course is more engaged towards building up the business and specialized learning where understudies as a rule builds up the hypothetical ideas that are basic for business world.
PGDM is more engaged towards the down to earth methodologies of things which shape understudies to confront genuine issues and think of plausible arrangements. Also understudies get industry situated and versatile to professional workplace.
v) Fees Structure -
In conclusion MBA programs are somewhat moderate where as PGDM course are bit costly more often than not runs from 6 Lacs to 25 Lacs.