What is PGDM?
Today, most of the students are getting confused to go for a PG. Still, they are in the dilemma that whether MBA or PGDM is better to grow in a career. There is a difference between PGDM and MBA. But, there are lots of benefits with PGDM.
PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is that when an institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. On similar lines, AICTE (All India Council for Technical Education) is allowing approved colleges to run a PGDM course. Some Business Schools offering this AICTE PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE, Ministry of HRD, and Govt of India.
Just like how UGC – University Grants Commission controls the Universities in India, AICTE – All India Council for Technical Education has control on both technical and management courses and especially colleges not under Universities. Even colleges offering UGC recognized MBA Programmes in most cases should have AICTE approval. (Source: http://www.managementparadise.com/)
Top 10 Key Differences Between PGDM and MBA:
Before selecting the course one has to know the difference between and choose the right one for the career which is suitable & convenient to you; as the decision is in your hands.
|1||Recognized/affiliated by||PGDM colleges are autonomous bodies which means they are not affiliated to any university, they are independent and take own decisions.||MBA colleges are recognized by the universities and strictly follow their rules, they are not independent.|
|2||Curriculum||Changes depend upon the real world business environment||Follow one single core curriculum, provided by the university and will change once every 3-5 years.|
|3||Difference in course||Helps you to develop market systematic industry oriented training and awareness into real life business circumstances, soft skills as well.||Helps you to develop theoretical aspects of management, technical skills, and more exam oriented.|
|4||Course fee||Fee for many quality PGDM colleges is between 5-10 lakhs.||The fee for MBA at government universities and colleges are low. FMS Delhi college is charging RS 25,000 for two years MBA.|
|6||Course Duration||Two Years||One/ Two Years|
|7||Exams Organized by||By individual institute/college||By Universities|
|PGDM colleges can select from one or many of 6 approved exams: MAT, GMAT, CAT, XAT, CMAT, ATMA||MBA colleges follow university rules which are governed by the state government and they have state-level exams like TAN-CET, MAH-CET, MET-MP. And also self-examinations like SNAP, TISS, NMAT, IRMA, IBSAT.|
|9||Number of Programmes offering by institutes||For PGDM 500 programmes.||For MBA 2000+ programmes.|
|10||Top Most Institutes/colleges||IMI, IMT, TAPMI, XLRI, SPJIMR, MDI, IIMB, ISB, GSIB,…||Government Affiliated universities like Anna University, Banglore university etc. JBIMS Mumbai University, IIFT Delhi Deemed University, FMS Delhi University.|
Words From Faculty
Benefits of Doing PGDM Course
Usually, autonomous colleges maintain the latest syllabus, as per the market demand, but in universities, it is not possible to change the syllabus every year. It will take 3 or 5, sometimes it will take 7 years. Because many colleges will be affiliated with the university, syllabus books and textbooks need to change and faculty needs to upgrade themselves. Based on this reason it will take time to change the syllabus. But in autonomous colleges, they will change continually, according to the current market trend. So that students will get the latest knowledge.