MBA or PGDM Which is Better? PGDM VS MBA; Difference Between MBA & PGDM

DIFFERENCE BETWEEN MBA AND PGDM: Taxila Business School

Things expire with the time, and that might be true with the MBA until and unless new life is injected into it. MBA is an old version for those wishing to pursue management studies, a two-year diploma course PGDM, Post Graduate Diploma in Management sounds better. Generally, the PGDM course is far more industry-relevant and practical as far as the job market is concerned.

What is PGDM?
Post Graduate Diploma in Management is AICTE (All India Council of Technical Studies) approved program with a duration of 2 years. Approximately 500 institutions are approved to offer PGDM in India by AICTE. These approved institutions design their own curriculum, upgrade it as and when required, conduct their own examinations and evaluate their own students. Generally, curricula are designed keeping in view the industry demand, so that students can be placed well.

The legal difference between MBA and PGDM:
Both the bodies (AICTE and UGC) are formed by the Act of Parliament for the cause of higher education. So the programs approved by these bodies have equivalent legal acceptance. That means PGDM or MBA both are postgraduate programs and have the same legal equivalence as for Government jobs or enrolling for a Ph.D. is concerned. Some universities while enrolling PGDM students for Ph.D. may demand an equivalence certificate that can be easily obtained from AIU or association of Indian Universities.


What is MBA?
MBA or Master in Business Administration is a UGC approved post-graduation degree program which can be offered by Universities. The course duration is two years. Most of the universities affiliate colleges and permit them to teach the MBA course. There are approximately 5500 universities and colleges offering this course pan India. Generally, most of the universities change their curriculum after 5 to 10 years. This makes the course irrelevant and redundant when we talk on the placements. Students generally get low salaries as compared to their counterparts in PGDM.

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