Till now millions of the articles are on the Internet regarding this subject. But, still, people haven’t been able to figure out a difference between MBA and PGDM. Well, the choice may be tough but there are plenty of factors which are essential.
Straight to the point, PGDM (Post Graduate Diploma in Management) and MBA (Masters in Business Administration) are two different courses. Still, they are at the Masters level and both of them have a commercial orientation to it.
Now, let us move ahead and discover the actual differentiation between MBA and PGDM.
Difference between MBA and PGDM
Diploma Vs Degree
At the very end of a PGDM course, students are given a diploma. But, in case of MBA, candidates receive a degree which stands as a highlighted point. Plenty of the people think that diploma courses are of less value but that’s not true. From a renowned institute, every course has its unique value and will reap huge benefits from it.
In the process of finding the difference between MBA and PGDM, syllabus stands as an integral part. The core syllabuses, as well as the elective subjects, are pretty much same in these two streams. However, PGDM is known by the individual institute. Where the syllabus goes under constant changes as per the industry requirements.
Fraudulence and Susceptible
Since MBA and PGDM are under the control of autonomous bodies, students must be extra careful while taking admissions. There are plenty of the colleges and institutes which does not have a great accreditation status. On the other hand, MBA courses have lesser fraud rates since the course is offered by universities and not by an autonomous body.
As said above, MBA and PGDM have similar core subjects. However, some of the experts say that the MBA subjects focus a lot more on theoretical knowledge. In PGDM, there is practicality and the skills are driven by market requirements.
Yes, the main point of difference between MBA and PGDM is surely the cost factor. Here, both the Universities are divergent from each other. In the case of MBA, their courses have slightly lesser fees when compared with PGDM. In PGDM, students face great cost burden and because of which, MBA institutes are more likely cost-effective.
Well, both the courses are equally good and have their side of pros and cons. Hence, before choosing one, set your goals, consider all the factors stated above and then decide accordingly! It’s very important to act and pursue your career after having sufficient knowledge about a degree.