When students consider pursuing a management education, they frequently become confused while they come across the two names an PGDM and MBA. Although the course content of both degrees is identical, several significant differences might help you determine if an PGDM vs MBA is more valuable for your career boost. The criteria for choosing the best college revolve around course background, passion, budget, placement salary and performance.
Here are a few differences between PGDM and MBA in India –
- Difference in Course Content
The MBA Syllabus is the same for nearly all B-Schools and it focuses on improving leadership and developing the marketing skills, selling products, people management skills, and services; maintaining the company’s financial stability; establishing connections or partnerships; gathering and increasing employee retention, creating reports based on industry data etc. The Postgraduate Diploma in Management (PGDM) is an interdisciplinary course that combines management, accounting, economics, and other streams to fulfill industry needs. Instead of focusing on making students proficient in a single area, the PGDM program provides them with a broad spectrum of knowledge.
- Difference in Market Requirements
MBA students have the chance to delve into the links that will assist students in landing into the jobs that are more oriented towards the large scale business management. The MBA degree teaches the students to comprehend even the slightest change in the company and its working and implement the fresh strategies for keep the growth steady. For the people with PGDM course, the posts of quality managers are more suitable at the national and international level. The PGDM program assists students in positioning themselves for the markets’ and industries’ current needs. To achieve the industry standards, organizations frequently spend a significant amount of money to find people with the PGDM degree.
- Course Duration & Work Experience
The one-year Executive MBA program is designed for professionals who are currently employed. Even longer Executive MBA programs lasting 15 to 18 months are offered by some universities. Executive MBA candidates are seasoned professionals, and the course emphasizes greater hands-on learning and practical learning. The PGDM program lasts two years. Fresh graduates or people with fewer than five years of work experience are advised to enroll in the PGDM program. After graduating from B-Schools, these applicants go on to hold entry-level managerial positions.
- Scope of the Programs
An MBA is required for promotion in the fields of banking, finance, and consumer marketing. According to a Bloomberg Business week survey, individuals who quit their regular positions to pursue an MBA would see an increase in pay of 80%. The PGDM program aids students in moving up the pyramid’s ladder. It gives salary increases, promotions, CV upgrades, and other benefits by keeping up with industry demands. Some of the best autonomous management institutes in the nation teach this demanding full-time program.
- The Background for Programs
The business-focused MBA program is designed specifically for working people with substantial expertise. Its main purpose is to produce managers, entrepreneurs, technocrats, and other business leaders. In the PGDM program, candidates are taught basic business ideas and along with a live internship, they select their specialty. They are prepared to work alongside with the MBAs who have gained years of experience working in the business sector.
Any student may enroll in the MBA or PGDM course. For their general growth, students who have earned a bachelor’s degree in any discipline with the required percentage can enroll in the PGDM or MBA program as per the information given above. As the admission is open for management programs, PGDM Colleges in India are accepting admission forms from students who are passionate about career growth. If you want to learn from the best, go for the best private PGDM Institutes in India.