PGDM Vs MBA- Which One Is More Suitable for Me?
If you’re anything like us, looking to break into some of the top-notch industries in India and abroad, the terms PGDM vs MBA, could easily be household words for you by now. This is especially true if you’ve considered business or management as your career forte. Nevertheless, millions of students around the world suffer from one single dilemma- is PGDM the same as MBA?
With corporates paving more and more management opportunities for aspiring candidates in India, multiple educational institutes have opened up management wings to support the future entrepreneurs and managerial professionals of tomorrow. Nevertheless, candidates still have ONE primary dilemma to clear- Is PGDM different from MBA and which one will help them move forward in the corporate ladder?
With so much confusion clouding up in the educational front, top-notch educational institutes like Shanti Business School has brought forth answers to some of the most asked questions regarding PGDM vs MBA-
Is PGDM different from MBA?
Although both the courses essentially deal with management and honing candidates to fit management roles, there is a fine line that differentiates the two courses which are not only vast but crucial in their own ways. To begin with, MBA, broken down as Master of Business Administration is essentially a post-graduate degree in management. Whereas, PGDM, broken down as, Post Graduate Diploma in Management, which is a diploma course offered by colleges that are not affiliated with recognized universities or colleges.
Therefore, to break it down-
MBA- is a master’s degree offered by State affiliated universities and colleges and at the end of the term will be rewarded with a management degree. The curriculum for MBA is usually accredited by the UGC (University Grants Commission) which means all the universities or colleges affiliated to offer the degree follows one single curriculum designed by the UGC.
PGDM- on the other hand, is a diploma offered by universities or colleges that are not affiliated with recognized universities. However, the UGC determined syllabus is not followed here which means these educational institutes can tailor your curriculum according to your needs, giving you a much broader view which at the end of the day is somewhere on the same level as MBA. However, candidates will be given a diploma instead of a degree.
Can I Do PGDM after MBA?
An MBA is a master’s degree that offers an umbrella of managerial knowledge to potential candidates. PGDM is a post-graduate diploma that is more focused and concentrated on a particular part of management that you want to pursue. This means you can either do a PGDM and then go for MBA or the other way round. Either way, you’ll end up with a master’s degree and comprehensive accreditation through MBA and subject area focused accreditation through your PGDM.
Which is better PGDM or MBA?
It depends on what your career focus is. In India, a PGDM and an MBA degree is considered almost equal and can help you reap the same benefits. However, if you’re looking at overseas, an MBA degree might hold a higher value for you. On the other hand, while MBA focuses on an all-inclusive curriculum, PGDM courses are usually streamlined and focused to help you ace a particular sector of management that you want to pursue as a career option in the future.
What should I prefer to do business- PGDM or MBA
If you evaluate the values, PGDM vs MBA would yield the same results. In fact, considering Indian entrepreneurship and management abilities, PGDM and MBA hold the same regard with pros and cons persistent in both the curriculums. Hence, if you have a business in mind, you can either go for tier-1 institutes where MBA degrees are available or sign up with educational institutes that concentrate your focus area for you. Either way, the employment opportunities following will be valued more or less on the same stage. However, do keep in mind, MBA is more academic-oriented and would help students who want to further their education in the management sector. On the other hand, PGDM courses are more real-time and focused on helping an individual improve their employability value and thus can help candidates who want to pursue business or management in corporate sectors better.
When is PGDM equivalent to MBA?
MBA courses usually go on for a two-year term. The only time a PGDM course is considered to be on the same level as MBA is if you invest a minimum of 2-years in your PGDM course. Multiple institutes offer express PGDM courses for 6 months- 1 year. However, the value of these express courses will any day be lesser than a proper 2-year PGDM diploma or MBA degree.
PGDM VS MBA- Which One Should I Choose?
To sum it up, here are the key distinctions between PGDM and MBA courses.
PGDM Vs MBA- In a Nutshell
To sum it all up, in the professional world, both the courses PGDM and MBA will have equal values for you. However, candidates aspiring for management roles in their career should focus on PGDM courses to hone themselves whereas candidates looking for furthering their academic background, should opt for MBA courses.