What is the main difference between MBA & PGDM (AICTE Approved)?
MBA - Master of Business Administration is a two year full time degree offered by Universities. All the university affiliated colleges prepare it's students to obtain an MBA degree from the respective affiliating university. MBA deals with subjects like Marketing, Finance, Human Resource Management, Accounting, Operations Management, Information Technology, Entrepreneurship etc.
MBA curriculum is set by the affiliating university, MBA exam dates are announced by the university and the results are declared by the University.
In MBA courses the colleges have very less control as everything is taken care by the University. In majority of the cases the University curriculum is not updated regularly, once a syllabus is set it is followed for a minimum of 3 years or 5 years. Universities are not flexible to modify the syllabus, many changes happen in the industry time to time that is not added in the University curriculum in a timely manner. Hence students may have to study outdated curriculum.
The Internship duration in MBA colleges is very less, MBA is mostly deals with theoretical education just like our Under Graduate courses.
Post Graduate Diploma in Management or PGDM is an AICTE approved full time management programme. Unlike the MBA courses PGDM courses are not affiliated to any Universities, PGDM programmes are autonomous they are same as MBA. Many reputed Business Schools offer PGDM instead of MBA because as the PGDM curriculum is not governed by the University, colleges have the flexibility to modify and adopt to the latest industry needs. The syllabus is regularly updated and all the B Schools offer the PGDM Programme and in calculate practical learning rather than theory.
The Internship duration in PGDM is slightly longer than the MBA colleges. Business Schools start the course much early like in June or July and prepare the students for placements much sooner. This gives an advantage for the B School students to get placed early in the Industry.
Everything else remains the same, PGDM is more of practical learning than theory, more flexible and robust in curriculum, no university intervention, B Schools themselves design the curriculum and conduct the exams. PGDM is like an autonomous programme.
Instead of worrying about whether to do MBA or PGDM student should put focus on getting admission in a good Business School. The best way to start collecting info regarding the right B School is by taking help from us. Send us your query using the below form.