Are you searching for a management course after graduation? Confused between an MBA and PGDM program? Well, this situation often arises in front of students when they plan for their higher studies. The reason why you pursue a postgraduate degree is to uplift your career and to get a better job opportunity. Most of the students consider a PGDM program and an MBA degree similar to each other. Here we have the answer to your questions. Check out below few differences between an MBA and a PGDM program.
Difference between an MBA and a PGDM
- Certification: Generally, the autonomous bodies approve the PGDM courses, and an MBA program is affiliated with a particular University. Before taking admission in an MBA or PGDM program you need to check their accreditations as there are some colleges and B-schools which do not have proper accreditations.
- Curriculum: There is a huge difference between the syllabus of an MBA program and a PGDM program. In an MBA program, the curriculum is decided as per the University standards. The syllabus of an MBA program differs as per the particular University standards. On the other hand, the syllabus of a PGDM program covers the curriculum decided by a particular institute. The colleges change the syllabus of the PGDM program as per the latest demand of the industry.
- Budget and Fee: The fee of an MBA program is higher as compared to the fee of a PGDM program. This is one of the most important factors why students opt for a PGDM program over an MBA degree. The fee of an MBA course is higher as the colleges offering this course are approved by the government. But there is an opportunity for the economically weaker class students to get a scholarship from the government. In the case of PGDM courses, there is no financial aid provided by the government. Therefore, the students have to bear the entire fee for the course.
Is an MBA
better than a PGDM program?
If you compare the benefits of doing an MBA, an MBA gives you more than compared to a PGDM program. A PGDM program is considered by the reputed companies only if you have completed it from a renowned B-shool. Therefore, you are highly recommended to check out the list of best colleges offering a PGDM course as if the institute is not affiliated with a University then there is no benefit of pursuing this course.
An MBA program is considered better than PGDM as the colleges offering this program are affiliated with a University. You also have an option to go for higher studies after an MBA. At the recruitment time, most of the companies prefer an MBA graduate over a PGDM, as PGDM is just a diploma course and an MBA is a master's degree.
Wrapping Up
While opting among these two courses first you
need to analyze your academic performance and your budget. If you have a good
budget and can afford a high fee structure program, then definitely go for an
MBA program. But, on the other hand, if your budget for higher studies is low
and you want an affordable program then go for a PGDM program as per the choice
of your specialization.
Again, if you have a good academic score and you are sure to crack any MBA entrance exam then it’s an opportunity for you as the government offers various scholarship programs for the meritorious economically weaker section students. So, you can easily do an MBA with an affordable fee structure.
