What is the main difference between MBA & PGDM (AICTE Approved)?
The Main difference between MBA (University offered degree) vs PGDM (Offered in AICTE approved Business Schools) is that MBA follows university guidelines, the syllabus is set by the affiliated university, exams are conducted by the University, results are declared by the University. Everything is under the control of the University. Universities since decades are known for teaching theory, subject knowledge and even the faculty also equipped with more of bookish knowledge. Which may or mayn't be required in a practical world.
However in India, MBA is popular in reputed business schools to name a few take example of FMS Delhi which offers MBA from Delhi University, Symbiosis International University gives MBA, Narsee Monjee, Mumbai, Welingkar Mumbai, Jamanlal Bajaj, NIRMA University, Shri Ram college etc all are popular for MBA.
Where as in PGDM, the B Schools are not governed by the University, they are completely autonomous hence the syllabus can be decided by the B School, Exams, Results and everything is under the control of the B School. This gives the B Schools more flexibility to teach latest syllabus, introduce more practical concepts, evaluate the student overall performance not just on academics. Case studies, presentations, class room quiz and thus the PGDM lays foundation for the overall career development of the student. B School students are well equipped to face real life situation and are in much more demand than the traditional MBA students.
Famous examples of B Schools offering PGDM (AICTE Approved) are SP Jain Mumbai, TAPMI Manipal, LIBA Chennai, Great Lakes Chennai, Xavier Institutes, FORE School of Management and many more.
Whether a student pursues MBA or PGDM it has more or less same value, because all of the IIM;s till date doesn't provide MBA they offer only PGPM or PGDM Programmes since they are independent non university bodies.
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.