What should be preferred for higher professional education PGDM or MBA?

[veronikarao]

Today, youths are much more concerned about their career and apart from getting just the employment; they want to do something new and innovative to give a boost to their career. This lands an individual to a complicated situation; wherein they find difficult to choose among the professional courses, which suits their requirements. MBA and PGDM are the two courses that imbibe entrepreneurial and managerial skills in the individual and often leads to a confusion of which one should be chosen over the other. Many aspirants don’t even know the difference between an MBA and PGDM program.

There is a very thin line of differentiation between these two terms, so come and let’s understand their differences in brief, which can help you decide MBA or PGDM, which one is better.

Only universities can offer MBA:Institutes which are not affiliated to university are autonomous and can offer PGDM degree. However, these programmes are approved by regulatory bodies such as AICTE. Also IIMs, though being the best of the lot, can’t offer MBAs as they are not affiliated with any university.

Difference in focus of curriculum: While there are huge similarities in the curriculum of both MBA and PGDM, there are finer points of difference. While MBA focuses more on theoretical aspects of management and is more exam-oriented, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market.

MBAs are more affordable: In compared to PGDM, generally MBAs are more affordable as the fees is almost similar to university standard.

Difference in focus: An MBA will help in developing technical skills and business knowledge whereas a PGDM will prepare graduates for senior level positions in industry and paves the way for a strong corporate career.

[vaibhav-kapoor-ajq3j]

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.