Most of the young graduates who possess one or two years of work experience in the management field think about pursuing a professional course to advance in their career. When it comes to a management degree, many enthusiasts often get confused between Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM).
Aspirants assume that there is not much difference between the MBA and PGDM programs, other than the name. It is very important for an aspirant to know the difference between both. When both courses are good in terms of the employment prespective, there are a few differences. Here are the top five difference one should know.
Why Choose PGDM
The Post Graduate Diploma in Management (PGDM) course is industry-oriented and is updated according to the latest trends because the institutes are autonomous. Compared to MBA, the practical approach is more in the PGDM course.
The specialisations are offered in both MBA and PGDM; however, the specialisation in PGDM will be more specific. For instance, if you choose HR as your specialisation, the other subjects such as marketing and finance will be minor. When it comes to MBA, candidates will know about all the subjects equally and will give little importance to the specialisation.
As the practical approach is more in PGDM, besides real-time exposure to the business world, many companies abroad give preference to candidates who hold a PGDM. Apart from this, institutes that offer PGDM courses also provide great campus placements.
The PGDM course is more specific and job-oriented compared to MBA. Due to its practical approach, students will experience more learning opportunities such as seminars and workshops. One who chooses PGDM also be well versed in the daily work skills required in any organisation.
Why Choose MBA
Master of Business Administration (MBA) is another degree programme that adds glory to your name. Candidates who have an MBA do not need to display any additional certificates which are required for PGDM. The MBA degree is globally recognised because the top universities and business schools across the world offer MBA, not PGDM.
For candidates who are aiming for the doctoral programme, the MBA degree will help you in this regard more than the PGDM degree. Most of the foreign universities also accept the two-year MBA degree if students want to take up higher studies in other countries.
As an MBA is a degree, it is awarded by universities which can be trusted because they all work under recognising bodies such as AICTE and UGC. When it comes to PGDM, students have to be more cautious about their choice because it is offered mostly by private institutes.
Compared to PGDM, the course fee is a little bit less for the MBA course because most of the colleges and universities that offer this degree are regulated by the government.
MBA Vs PGDM: Which One Suits You Better
To choose which one is appropriate, you need to make a list of pros and cons based on your goals. If you are aiming to work in the corporate world, you can pursue either. If you are looking for an advanced degree, then MBA fits your requirement. One should also consider the budget before finalising their choice. Pursuing an MBA will help you hone your skills in leadership and entrepreneurship.
As the decision to choose between MBA and PGDM is the turning point to advance in your career, you need to access all the points and make the right choice regarding which suits you better.