Dear student, we are listing the difference between PGDM & MBA for your understanding:
Only universities can offer MBA: In India only those management institutes which are affiliated to a university can offer an MBA degree. Hence Faculty of Management Studies, Du Jamnalal Bajaj Institute of Management Studies, Mumbai University can offer MBA degrees, while Indian Institute of Management, Narsee Monjee, MICA etc can offer PGDM degrees.
Difference in focus of curriculum: While MBA focuses more on theoretical aspects of management and is more exam-oriented, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market.
Curriculum of PGDM is flexible: Since an autonomous institute does not have to follow university standards, it is free to change its curriculum according to industry standards and change in business environment. Also a PGDM gives you an industry exposure. The process is subject to approvals if it is coming through a university because of the many guideines involved.
MBAs are more affordable: In compared to PGDM, generally MBAs are more affordable as the fees is almost similar to university standard.
Difference in focus: An MBA will help in developing technical skills and business knowledge whereas a PGDM will prepare graduates for senior level positions in industry and paves the way for a strong corporate career.
However, the most important thing is the college you are studying from and the placement it provides to the students.
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Both are good in their own places. One is autonomous and one is government certified also pgdm is considered equivalent to an mba degree these days so you don't have to worry which prog. is superlative. You can also check out SOIL, Gurgaon for a program like this. SOIL offers 3 yrs full time Post Graduate Programs in Leadership i.e. Human Resources Leadership, Marketing Leadership, and Business Leadership. The programs are also said to be comparable with regular two-year MBA.