Is MBA same as PGDM? | GIBS Business School | Best PGDM College in Bangalore

 

"What is that the distinction between MBA and PGDM?”- Asked Aspirant

Post Graduate Diploma in Management (PGDM) or Post Graduate Programme in Management (PGPM) and Masters in Business Administration (MBA) are each management courses at Master’s level. Both the courses have an advertisement orientation and there's not a lot of of a distinction between the each other. “MBA and PGDM are each commercial-orientated courses. The most aim of each the courses is to equip someone United Nations agency desires to maneuver up within the hierarchy or enter the management field,” says knowledgeable Ritesh Mathur.

While each the courses have a similar outcomes in terms of employment perspective, there are some delicate variations. Below, we've got listed 5 variations between PGP(M)/PGDM and MBA:

1. MBA Degree vs PG Diploma

At the tip of PGP and PGDM courses, candidates are offered a credential whereas at the tip of master's degree programmes, candidates receive a Degree.

Many students tend to assume that a Diploma course doesn't hold a similar values because the Degree course however that's not true. Several Indian Institutes of Management (IIMs) and different High Business-Schools like Global Institute of Business Studies (GIBS) - Bangalore and SP Jainist Institute of Management and Research, Mumbai offers PGP or PGDM courses. Most of those institutes are autonomous bodies (not related to to any University). There's solely the distinction of terminology however not of skilled price. each MBA and PGDM are extremely valued within the job market as they're same in terms after all enfranchisement, cirriculum and pedagogy.

2. MBA vs PGDM: Course of Study

In most cases, the MBA course curriculum is meant by the university. The core course of study (and generally even elective subjects) are going to be just about a similar in two MBA Colleges underneath a similar university. However, PGPM or PGDM courses are determined by the individual institute. This offers bound flexibility to the course curriculum. Course of study undergoes a modification consistent with industrial necessities once a year. Universities tend to lag behind and alter their course of study when a number of years.

“For those who are interest within the company world or need to be an businessperson, PGDM would be a additional appropriate selection,” more says Mathur.

3. MBA vs PGDM: At risk of Fraudulence

Since PGP or PGDM courses are offered by autonomous bodies, students ought to watch out whereas taking admission. Several smaller faculties and institutes build claims however don't have correct enfranchisement standing. MBA degrees are bestowed by varsities, and therefore there’s a lower probability of fallacious claims. Management aspirants ought to explore for real accreditations. aside from UGC recognition, management institutes ar commissioned by NAAC, AACSB, AMBA and Equis.

4. MBA vs PGDM: Focus

Both master's degree and PGDM courses have common core subjects. However, some consultants claim most master's degree courses focus additional on theoretical and technical aspects of management instead of adopting a sensible approach. PGP or PGDM courses on the opposite hand, have AN industrial orientation and specialize in skills supported market necessities.

5. MBA vs PGDM: Cost

It has been ascertained that the majority master's degree courses have lower tuition fees as compared to PGP or PGDM courses. This could be mostly as a result of government approved universities offers MBA degrees. These universities receive assistance and grants from the govt., creating the degree cheaper for the aspirant. Just in case of a PGP or PGDM degree, students have to be compelled to bear the value of the complete programme. However, this is often not an ironclad rule. There are master's degree programmes that charge high tuition fees.

 

MBA vs PGDM | Eligibility - Entrance Exams - Qualification 

Eligibility :           

1 - The full-time graduate degree of minimum three years duration.

2- Different colleges set different cut-offs for percentage secured in graduation. However, on a broad basis, 50% is the accepted percentage level.
3- Candidate appearing in the final year of bachelor’s degree/equivalent qualification is eligible for the admission, provided he/she can produce a letter from their college’s head confirming about their present status as claimed.                                                                                                      

Entrance Examinations :

CAT, MAT, GMAT, IIFT, SNAP, IRMASAT, XAT, CMAT, NMAT, etc.

Qualifications :   

MBA : Degree course | University approved curriculum, hence, mostly theoretical based and uniform across institutes affiliated to a university.

PGDM :  Diploma course | Industry oriented program focused more on building soft skills.