MBA VS PGDM | Which Has a Better Scope | 2024

Career MantraMarch 6, 20233 Mins read7 Views

MBA VS PGDM | Which Has a Better Scope | 2020

While an MBA is a degree course, and PGDM is a diploma course. In reality, we can say that an MBA degree program conducted by Universities and colleges PGDM stands for Post Graduate Diploma in Management; whereas MBA is a Masters in Business Administration. Both the course have different specializations

Nowadays, many students are making a career in their favorite field, some engineer is making a career in a doctor’s field, similarly, a course is also called PGDM. It is a Post Graduate Diploma Course in Management. The main reason for designating Post Graduation Diploma Courses as PGDM is that when an institution does not belong to an autonomous body i.e. a university and runs Management Courses, such organizations cannot award MBA degrees.

we can also say that As per the law in India, only the University which offers degrees such as the MBA, BBA, B.Tech or B.E. Any educational institution which is not affiliated to a University cannot offer a degree. So institutes like IIMs, XLRI, NITIE, MDI, etc. which are the autonomous bodies and run independently, cannot offer an MBA degree and hence offer the PGDM / PGP.

The differences between MBA and PGDM courses are immense – MBA vs PGDM

MBA COURSES	PGDM COURSES
MBA is a degree course. MBA is a degree program conducted by Universities and colleges with affiliation to those Universities.	PGDM is diploma courses PGDM is the course that is conducted by those autonomous institutes that are recognized by the AICTE approved by the Ministry of HRD and Government of India.

MBA Vs PGDM Courses – Duration

Here is the difference between MBBS and Paramedical course duration – MBA vs PGDM

MBA Course	PGDMCourses
The MBA is a 2-year course consisting of 4 semesters. The Master Degree in Business Studies ie MBA is internationally recognized. After doing an MBA, further studies can be done from any university.	PGDM usually consists of 4 semesters in 2 years while sometimes 6 semesters. It is an IIM based diploma program accredited by AICTE This is a business based Advance Course, so its syllabus changes every 4 to 5 years

MBA Vs PGDM Courses – Key Skills Required

Key Skills for an MBA	Key Skills for a PGDM
Leadership Teamwork Problem-solving and analytical skills Initiative Adaptability to change Interpersonal and communication skills Strategic thinking and planning abilities work orientation Ability to avail of technology Time management skills Good communication skills Prior history of results and progressive experience	Leadership skill Communication skills Interpersonal skills Organizing skill Creative problem-solving Forward planning skills Own decision-making skill convincing skill Awareness of the situation Marketing handling skill Mental toughness

MBA Vs PGDM Courses – Admission

MBA Admissions	Admission to PGDM
The admission to MBA course is done on the basis of entrance exams like CAT, XAT, MAT After clearing these entrance exam, candidates have to appear in PI and GD (group discussion) for admission. Finally, the admission will take place which these PT and GD results. And the get top colleges according to these scores and results.	Admission of PGDM takes place on the basis of entrance exams which is conducted by national colleges, institutes, or a group of institutes. After qualifying the exams, candidates are called for further rounds like written test, group discussion, and personal interview. Final admissions are provided to students based on their performance and eligibility in these rounds.

Also Read:-Tips to crack GD/PI And WAT | MBA/PGDM | 2024

MBA Vs PGDM Courses – Career Scope

Courses

MBA

PGDM

Employment Areas

Financial Manage
IT Manager.
HR Manager.
Management Analyst.
Data Analytics
Chief Technology Officer
Sales officers
Marketing officers
Business operations manager

Data Scientist
Consultant
Project Manager
Auditor
General Accounting
Tax Accounting
CISA
Entrepreneurship
Business Organisations

Job Profiles

Relationship Manager
Business Analyst
Business Analyst
Human Resource Manager
Business Development Manager
Project Manager
Senior Sales Executive
Regional Sales Officers
Account Manager

Financial Advisor.
Equity Analyst.
Financial Planner.
Financial Planner.
Bankers.

Also Read:List of Top MBA Specializations: Which One to Choose

MBA Vs PGDM Courses – Salary

Salary After MBA	Salary After PDGM
The starting salary of an MBA graduate can range from INR 2.4 LPA to INR 5.7 LPA. For someone at a senior position, the salary can range from INR 12.8 LPA to INR 50LPA.	In this Sector, the initial salary structure can range from INR 2.2 LPA to INR 12 LPA. The package will increase with more experience. PGDM senior position can earn up to INR 40 LPA

Finally, We Conclude that if we talk about the terms of the institution then Most of the PGDM institutions have better placement records than MBA institutions.MBA gets the individual marked against the master’s degree; while the PGDM gets the individual marked against a diploma. But that is no way relatable to the industrial success record of students or the difference in knowledge that is imparted in the institutes!.MBA is a single course degree and PGDM is a dual course degree.

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