Why few offer MBA and the rest offer PGDM?

In India, only universities or education institutes which are affiliated to a university have the right to offer degrees such as MBA, BBA, B.Tech or B.E. The institutions such as IIMs, XLRI, MDI and so on cannot offer MBA as they are autonomous bodies that are run independently. Hence they offer the PGDM course.

difference between MBA and PDGM

The key differences between MBA and PGDM

Key difference between MBA and PGDM
Factors MBA PGDM
Programme offered Masters of Business Administration Post Graduate Diploma in Management (PGDM)
Award Degree Diploma
Approval/Recognized by University Grants Commission (UGC) All India Council for Technical Education (AICTE)
Nature of Curriculum Not frequently updated and more theoretical
Frequently updated according to the needs of the industry and job requirement
Duration 2 Years 2 Years
Entrance Test CAT/XAT/MAHCET/PGCET/TANCET/ CAT/XAT/CMAT/MAT/GMAT/ATMA
Examination Board Respective Unversity Respective College/ Institute

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PGDM vs MBA which is better?

This article clears the confusion of students in choosing between MBA or PGDM. Reading this article you understand the differences and similarities between both. It also provides you with the difference in the benefits as a career in business and management. So let us go straight into the topic.

MBA or PGDM which is better?

While choosing between MBA and PGDM, it is important for you as a student to understand your personal goals. If your aim is to start your career with a renowned corporate company then you should set your preference on the basis of the ranking and placement opportunities of college regardless of MBA or PDGM as the corporates only want the candidate who can perform well in the job. They won’t treat MBAs or PGDMs separately. However, the below table gives you the key difference between MBA and PGDM.

Top Reasons to choose PGDM

Why PGDM

Some of the reasons to choose PGDM is given below

Specialization in Any Field

It facilitates you with the choice of choosing a specialization in your area of interest. You have the opportunity to choose both major and minor specializations of your choice.

Industry-Focused Course Structure

The course structure is more industrial-focused when compared with MBA, this is because of the frequent update in the program according to the changes in the need of the industry. While in MBA it takes more time to get approval for the change in the syllabus.

Practical Insights

Many of the B-school in India and overseas gives important to PGDM over MBA due to the practical insights which PGDM offers. Whereas, MBA is more concerned with theoretical knowledge. It can give you more priority at the places where practical implementation is given more importance.

Placement opportunities

As the PGDM courses are provided by the autonomous institutes, these institutes are more concerned about the placement offers.

Corporate ready skills with real-world experience

A PGDM course completely prepares the students on the basis of upcoming challenges. In most of the cases, the professors are industry leaders or entrepreneurs who have the real world exposure to the topic thought to the students.

Top Reasons to choose MBA

Some of the reason to choose MBA is given below.

Why MBA

MBA a Degree programme, not a diploma

In the end, the students who pass out MBA is a master degree holders instead of a postgraduate diploma. Sometimes the promotion can be based on

Globally Preferred

MBA degree is well recognized for international employment opportunities. Top Business schools in the world offer MBA program and, not PGDM. Also if you want to continue with your Doctoral program or Ph.D., the foreign universities require MBA Degree to offer you admission.

Backed by University

There is uniformity in education as the MBA degrees are awarded by the universities. The universities are controlled by the University Grants Commission (UGC), this adds to the advantage as the colleges have to abide by the standard set of rules. Whereas, in private PGDM colleges there is a chance that they may not follow the AICTE norms strictly.

Competes with the budget

Usually, the University or university-affiliated MBA colleges offer MBA at a lower fee. The same college which offers both MBA and AICTE approved PGDM provides you with a low fee structure for MBA and higher fee structure for PGDM. This is due to the regulation of Government on government approved universities and on the private MBA colleges affiliated to them. You can check the course fee of top MBA colleges.

Legacy of MBA

Except for IIMs and a few other few business schools, MBA programmes are much older which have created a huge alumni base. This may help in high placements.


PGDM and MBA Course details

PGDM course details are given below

PGDM course details
Title Description
Degree
Postgraduate Diploma
Duration 2 Years
Age No age limit
Minimum Percentage
Minimum of 50% marks
Subjects Required
Graduation in any discipline from a recognized university.
Average Fees Incurred
INR 6L - INR 18L per annum
Average Salary Offered
INR 7.4 L per annum
Employment Roles
Chief Executives, Managers, Sales Manager, HR Manager, Marketing Manager, Senior Marketing Manager, Operations Manager, Project Manager, Business Analyst

PGDM Course Eligibility

  • The applicant should have graduated from any discipline securing at least 50% marks.

  • The colleges offering PGDM also ask for CAT/ XAT/ GMAT entrance examination scores as eligibility.

  • It is also important to have good knowledge of the specialization.

MBA course details are given below

MBA Course Details
Title Description
Degree Masters
Duration 2 Years
Age No age limit
Minimum Percentage
Minimum of 50% marks in the Bachelor's degree
Subjects Required
Honors or Graduate's degree recognized by UGC
Average Fees Incurred
INR 3 L - 10 L per annum
Average Salary Offered
INR 6.56 L per annum
Employment Roles
HR Manager, Marketing Manager, Business Development Manager, Operations Manager, Business Analyst (IT), Senior Business Analyst, Financial Analyst, SAP Consultant, Marketing Executive etc.

MBA Course Eligibility 

  • The applicant must have passed an honor or bachelor's degree from any university recognized by UGC.

  • The candidate must have scored at least 50% in the bachelor's degree.

  • It is mandatory to appear for the entrance exams such as GMAT, XAT, ATMA, CAT, MAT and so on.

Top MBA colleges in India and Course Fees

Here is the list of best MBA colleges in India with the course fee

Top MBA colleges in India and course fees
Institution Course fees
Mangalmay Institute of Management and Technology, [MIMT] Greater Noida Rs. 1.59 Lakh
Centurion University of Technology and Management, [CUTM] Bhubaneswar Rs. 3.50 Lakh
Indian Institute of Foreign Trade, [IIFT] Delhi Rs. 7.50 Lakh
Manipal University, [MUJ] Jaipur Rs. 6.94 Lakh
Adarsh Institute of Management and Information Technology, [AIMIT] Bangalore Rs. 4.20 Lakh
Symbiosis Institute of Business Management, [SIBM] Pune Rs. 5.50 Lakh
Vinod Gupta School of Management, [VGSOM] IIT Kharagpur Rs. 6 Lakh
Department of Management Studies, [DMS] IIT Delhi, New Delhi Rs. 70,960
Nirma University, [NU] Ahmedabad Rs. 10.46 Lakh
KJ Somaiya Institute of Management Studies and Research, [SIMSR] Mumbai Rs. 12.04 Lakh

Top PGDM Colleges in India and Course Fees

Here is the list of PGDM colleges in India with the course fee.

Top PGDM Colleges in India and course fees
Institution Course fees
TA Pai Management Institute, [TAPMI] Manipal Rs. 7.97 Lakh
KJ Somaiya Institute of Management Studies and Research, [SIMSR] Mumbai Rs. 12.04 Lakh
National Institute of Agricultural Extension Management, [MANAGE] Hyderabad Rs. 3.52 Lakh
Institute for Financial Management & Research, [IFMR] Chennai Rs. 1 Lakh
Institute of Management Technology, [IMT] Nagpur Rs. 9.50 Lakh
Vaikunth Mehta National Institute of Cooperative Management, Pune Rs. 4.28 Lakh
Institute of Rural Management, [IRM] Jaipur Rs. 5.96 Lakh
Jaipuria Institute of Management, Indore Rs. 5.40 Lakh

MBA vs PGDM Salary

MBA Salary

The average salary offered for MBA graduate is INR 6.56 L per annum
Employment Roles: HR Manager, Marketing Manager, Business Development Manager, Operations Manager, Business Analyst (IT), Senior Business Analyst, Financial Analyst, SAP Consultant, Marketing Executive and so on.

PGDM Salary

The average salary offered for PGDM graduate is INR 7.4 L per annum

Employment Roles: Chief Executives, Managers, Sales Manager, HR Manager, Marketing Manager, Senior Marketing Manager, Operations Manager, Project Manager, Business Analyst and so on.

MBA Syllabus and Subjects

Mba subjects according to respective specialization are given below

MBA Syllabus and Subjects
MBA Specialization Subjects
Core Subjects
Management Theory and Practice
Strategic Management
Accounting and Financial Management
Marketing Management
Specialization in Finance
Corporate Finance
Money and Capital Markets
Investments Analysis
Financial Planning
Specialization in Human Resource Management
Human Resource Management
International Human Resource Management
Advanced Studies in Industrial Relations
Human Resource Development
Information Technology
Specialization in Information Technology
Systems Development Project Management
Telecommunications Management PG
IT Management Issues
IT Risk Management
Marketing
Specialization in Marketing
Consumer Behaviour
Managing Product and Service innovation
Marketing Strategy
Global Marketing
Integrated Marketing Communications

PGDM Syllabus and Subjects

PGDM subjects according to respective specialization are given below

PGDM Syllabus and Subjects
PGDM Specialization Subjects
Core Subjects
Managerial Economics
Finance & Accounting
Business Ethics And Communication
Basics of Marketing
Organizational Behavior
Statistics and Quantitative Techniques
IT Skills Lab
Theory of Management
Management Information Systems
Production & Operations Management
Economics & Social Sciences
Strategic Management
Research Methodology
Business Law & Corporate Governance
International Business
Financial Management (FM)
Security Analysis & Portfolio Management
International Finance
Corporate Finance
Management of Financial Services
Human Resource Management (HR)
Performance Management
Training and Development
HRD for Competitive Advantage
International Human Resource Management
Managing Change through Organisational Development
Operations Management (OM)
Technology Management
Project Management
Business Process Re-engineering
Supply Chain Management
Knowledge Management
International Business (IB)
Import Export Documentation
Indian Foreign Trade
International Human Resource Management
International Marketing Management
International Finance
Information Systems (IS)
Computer Networks
Fundamentals of E-Commerce
Software Engineering
Database Management
Management of Information Technology


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