Know MBA or PGDM which has more value!

A growing number of students choose management programmes due to the expansion of the IT industry and corporate culture. When pursuing a management course, however, Indian students sometimes conflate PGDM and MBA. This causes confusion when choosing courses. Although there are some significant differences between the two programmes' academic curricula, you can pick which is preferable for you based on these differences.

MBA is an abbreviation for Masters of Business Administration, and PGDM is an abbreviation for Post Graduate Diploma. Both are Master of Management courses that are very similar in nature. Students who have completed their bachelor's degree in any discipline with at least 50% aggregate marks can apply to either programme. One of the major differences between MBA and PGDM degrees is that MBA degrees are only offered by recognised universities or colleges affiliated with recognised universities. PGDM programmes, on the other hand, are provided by independent institutes. Some business schools in India provide an MBA programme, while others provide a PGDM programme. Despite their similarities, students interested in pursuing a Masters in Management should carefully consider the pros and cons of both courses.

The legal distinction between MBA and PGDM: Both bodies (AICTE and UGC) were established by an Act of Parliament to further the cause of higher education. As a result, the programmes approved by these bodies have the same legal standing. That is, PGDM and MBA are both postgraduate programmes with the same legal equivalence when it comes to government jobs or enrolling for a Ph.D. Some universities may require an equivalence certificate from AIU or the Association of Indian Universities when enrolling PGDM students for Ph.D.

Which is more valuable, an MBA or a PGDM?

The MBA vs PGDM comparisons have left many students wondering which is superior. Is an MBA or a PGDM a better option? Let us compare the key differences between an MBA and a PGDM.

• All of India's top management institutes, offer their flagship Post Graduate Program, which is equivalent to an MBA program.
• When it comes to the length of the MBA and PGDM programs, both are two years long.
• The Human Resource Department of India awards MBA degrees from IIMs, while the All- India Council for Technical Education awards PGDM degrees.
• The curriculum for both programmes is similar, with little difference.
• Approximately 500 business schools offer PGDM programmes, while 5500 universities and colleges offer MBA programmes. When there is a scarcity of PGDM, demand rises.
• PGDM is mostly offered by stand-alone institutions, which means they only offer one programme and are therefore focused, whereas MBA is offered by universities and colleges that also offer tens of other courses, distributing the focus among so many courses.
• If a student so desires, he or she can pursue a Ph.D. or any other course with a PGDM or MBA.

Overall, it is difficult to say whether MBA or PGDM is superior. Companies do not place a premium on an MBA or PGDM. Both are equal in their eyes.

FAQs’

Q 1: What is the distinction between an MBA and a PGDM?

A: MBA is a management degree conferred by a university, whereas PGDM is a Post Graduate diploma conferred by an AICTE-accredited private college or university.

Q 2: Which is more valuable, the MBA or the PGDM?

A: The worth of an MBA and a PGDM is determined by the course curriculum as well as the institute's ranking and reputation.

Q 3: Is PGDM equivalent to MBA?

A: Because PGDM is a diploma programme and MBA is a degree programme, we cannot claim that the two are equivalent. However, in terms of curriculum, the MBA and PGDM are very similar.

Q 4: Which is superior, MBA or PGDM?

A: The quality of a management course, whether MBA or PGDM, is determined by factors such as curriculum, pedagogy, faculty, industry, and international exposure, so you can choose which programme to pursue.

Q 5: Can we pursue an MBA after finishing the PGDM?

A: Yes, candidates are eligible to pursue MBA programmes after completing their PGDM.

Q 6: What are the opportunities for further education after completing an MBA and PGDM?

A: After completing an MBA, students can pursue a PhD in Management, whereas PGDM candidates cannot.

Q 7: Which of the MBA and PGDM programmes is more affordable?

A: MBA programmes are generally less expensive than PGDM programmes.

Q 8: Which PGDM college in India is the best?

Ans. ISBS PGDM, also known as Indira School of Business Studies, is one of the top-ranked management schools for the PGDM programme

Q 9: Is an AICTE-approved PGDM equivalent to an MBA degree?

Ans. Many AICTE-approved institutions offer PGDM programmes. These institutions have greater control over the curriculum and can alter it to reflect current trends. As a result, the PGDM is equivalent to the MBA degree.

Q 10: Is a full-time MBA/PGDM or an Executive MBA better?

Ans. For working professionals, an executive MBA is a better option.

Q 11: Is there an age limit for pursuing an MBA or PGDM?

Ans. Minimum age is 25 years old, and there is no upper age limit.