MBA vs PGDM: Which is better? Difference on eligibility, admissions, career opportunities, course structure & duration
Not sure whether you should pursue your MBA or PGDM? You’re not alone. You might have many questions like, “Is PGDM and MBA the same?”, “Which has more salary MBA or PGDM?, etc”. While both programs offer similar coursework, there are important aspects that make them distinct from one another; these key differences can help you decide which is better between MBA and PGDM. In this blog, we will walk through all the differences between MBA vs PGDM from their course structure to job opportunities
MBA- An Overview :
The Master of Business Administration is an internationally recognized degree designed to produce the essential skills needed in the business world.However, professionals see that it doesn’t limit those skills strictly to businesses but can also be helpful in other fields as well. Most MBA programs include a curriculum with certain topics such as operations and management. This program can provide you with a solid foundation for your new career or help you prepare yourself for better, higher-paying opportunities.
PGDM- An Overview
Post Graduate Diploma in Management (PGDM) is a management course with a more practical approach and curriculum that is focused on creating industry-ready graduates. The curriculum of this course encourages students to gain a range of management knowledge from project management to get a more in-depth understanding of areas like marketing, business, and customer service. And the curriculum is quite similar to MBA. PGDM, an industry-integrated degree program is with an ample amount of scope for on-job training, internships, fieldwork, and industrial exposure – becoming a part of the curriculum itself. Taking the PGDM decreases the amount of time it takes to acquire development in the workplace compared to other business degrees.
What is the difference between MBA and PGDM?
There are several other factors that make MBA and PGDM different entities. Outlined below are some additional ways in which the two differ.
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| AICTE, Ministry of HRD, Government of India | AICTE, Ministry of HRD, Government of India, UGC approval is needed at the university level |
| Dynamic syllabus which gets updated as per the need of the industry and the syllabus is approved by AICTE | Syllabus is prepared by universities and it is not updated frequently |
| Equal to MBA from any Indian University | MBA a postgraduate degree |
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| MAT, CAT, CMAT, XAT, GMAT | XAT, NMAT, SNAP, ATMA, CAT |
| Project manager
data scientist
Auditor
tax specialist consultant, etc | HR manager
business analyst
marketing manager
Finance advisor
investment banker, etc |
MBA vs PGDM: Salary and Job Scope
MBA
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| The HR department ensures the hiring and onboarding process goes smoothly whenever new employees are required and also makes sure current employees are well taken care of. | |
| A business analyst can be described as a data scientist whose objective is to make sense of what's happening in the past, collect information about a company's results as well as compare them with goals set for the future | |
| A marketing manager is a person who works in the marketing department of a company. The department handles the marketing of a company's products or services. | |
| Investment bankers specialize in arranging, managing, and executing all sorts of investment projects for their client companies. INR 8-10 L
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PGDM
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| The Project Manager is a person who oversees and handles each project that gets handled within an IT company. A PGDM in Enterprise Management degree program can prepare you to become a Project Manager. | |
| Data scientists help organizations to calculate the probability of particular outcomes - often in a very difficult or complex situation - using advanced analytics. A PGDM in Business Analytics can help you become skilled at being an expert data scientist. | |
| A tax professional works as an accountant to ensure all sales, profit, and property taxes on a company are administered appropriately. | |
| A Consultant is an expert who’s responsible for helping other firms come up with strategies to help them be more competitive in the business world. A Consultant may specialize in a field like Business, Law, Human Resources, Marketing, Finance, etc. | |
