Unlike MBA, the Post Graduate Diploma in Management (PGDM) is an industry-oriented course that is more theoretical. In recent years, PGDM has gained popularity among students aspiring for management studies and it is being preferred over MBA.
In this article, we will discuss why PGDM is superior to MBA? why PGDM is more focused on industry exposure, grooming programs, and mentorship. If you are about to pursue a PGDM course read the article till the end to get some useful insights. MBA has become an old version of management studies PGDM is a two-year diploma course that is far more industry-relevant and practical for the job market.
What is PGDM?
PGDM is an AICTE approved program in which some specific colleges are approved to offer this course for eligible candidates. This course is designed to help students understand the industry and its trends and have a high chance for job opportunities. Essentially, students search for MBA programs but many colleges and business schools are suggesting they pursue a PGDM course instead.
IIMs conferred PGDM degrees that helped this course gain high popularity. In recent years, PGDM has gained a lot of popularity and people are choosing it over MBA for many reasons. This course is famous for its direct approach towards market trends, industry exposure, and practical study instead of just reading books.
MBA or PGDM Which has More Value
MBA is a degree course provided by colleges affiliated with reputed and authorized universities whereas PGDM is a diploma course offered by autonomous institutes. If you are confused about which course is better between MBA and PGDM, you need to know about the similarities and differences between them. The following table shows the difference between MBA and PGDM:
Difference Between MBA and PGDM
|Institute Type||MBA is offered by colleges affiliated with a university||PGDM is a free body course that can be provided by an autonomous institute.|
|Body of Accreditation||Accredited by the university with which the college is affiliated.||Approved by AICTE (All India Council for Technical Education)|
|Course Duration||2 years||1-2 years depending upon the program.|
|Curriculum||Depend on university||Courses are quite flexible
depending upon the
|Fee Structure||MBA is more affordable and
requires less amount of fund
|PGDM courses are quite
While choosing between MBA and PGDM the most important aspects to consider are curriculum, job prospects, and fee structure. As far as the job market is concerned, PGDM is more industry-relevant than MBA. The PGDM institutes are self-driven hence they work harder than universities offering MBA. Not only colleges and universities but the PGDM course is also preferred by employers through practical insights offered by the course.
This course includes lessons from top industry leaders that prepare the students for a business environment. Nowadays, many companies in India and abroad prefer to provide job roles to students with PGDM because they need people with practical business expertise.
PGDM is highly suitable for students that are willing to pursue a management career and looking to advance their career prospects. For business-centric individuals are focused on sustainability and innovation. PGDM is the best option. This course provides the students with extensive and immersive exposure to different management concepts.
The whole idea of this course is to integrate exposure and learning across different areas of the business industry. If you do not want to waste your time studying subjects you might never need, then you should choose PGDM and study to increase your job prospects.
Salary Difference Between MBA and PGDM
As per the comparisons made by researchers, the average salary for PGDM ranges from INR 7-20 LPA (starting salary) whereas the average salary for MBA ranges from INR 12-15 LPA (starting salary). Though, one should make their choice as per their interest and skills rather than salary package only.
In India, the salary package of PGDM is higher than MBA degree holders though very PGDM doesn’t need to make more money than MBA holders. These salary packages include the starting salary which increases gradually according to the individual performance. Moreover, the salary package can also differ considering the job role of the individuals.
After graduation, when students are straight out of college they often get confused between MBA and PGDM because people are random thoughts about these courses. Though, many universities, institutes, and employers prefer PGDM due to its unique approach to industry exposure and learning.
We hope that the article helped you to understand why PGDM is superior to MBA in different aspects and now you can make a better decision. The business world welcomes people with innovative and creative skills and PGDM seems to provide a better understanding of the industry than other management courses.