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Hi Kavya Sree,
The answer is simple, an “MBA” is Management of Business Administration and “PGDM” is Post Graduate Diploma in Management. Only difference between them is their names and nothing else. MBA or PGDMs are not treated differently by corporates. A B-School should be chosen on its ranking, curriculum or placements rather than by the degree or diploma they offer. An MBA is a degree offered by Government or private universities and the colleges affiliated with them. A PGDM is a diploma offered by colleges recognised by government of India’s nodal body for technical education called All India Council for Technical Education (AICTE).
Even the country’s top most institutes such as IIMs and IIMs offer Post Graduate Program in Management and not MBA as they are neither a university nor affiliated to one. But after the passing of IIM Bill 2017, they offer MBA degree. The colleges that offer PGDM are at par with MBA offering colleges. Many top PGDM B-schools have received MBA Equivalence from Government body AIU, and their PGDM is treated at par with MBA when it comes for higher studies like M.Phil. or Ph.D.
Below are some top reasons to choose an MBA program,
Good MBA programs offered by top government or private universities such as FMS Delhi, IIFT, JBIMS, XIMB, NMIMS, SIBM are the most sought-after management courses and the PGDM offered by other top B-Schools and IIMs are at par with each other. MBA and PGDM are more similar in nature but there are some differences such as,
Reasons to choose PGDM program are,
Some key differences between MBA and PGDM are also listed down in the below table,
Parameters
PGDM
MBA
Approving Authority
AICTE, Ministry of HRD, Govt. of India.
AICTE, Ministry of HRD, Govt. of India, UGC Approval is needed at the university level.
Validity
Valid and equivalent to Post Graduate Degree.
Valid Post Graduate Degree.
Eligibility for PhD. and Lectureship
PGDM with a minimum of 55% Marks are eligible to enrol for PhD. From Indian Universities. Also, PGDMs eligible to teach PG students.
MBA with a minimum of 55% Marks are eligible to enrol for PhD. From Indian Universities. Also, MBAs eligible to teach PG students.
Placements
Depends upon the institution. Most of the PGDM institutions have better placement records than MBA institutions.
Depends upon the institution. Comparatively, Some of the MBA institutions like FMS, JBIMS have better placement records.
Course Syllabus
Dynamic, Gets updated as per needs of industry. Syllabus is approved by AICTE.
Syllabus is prepared by universities and gets updated less frequently.
Innovative Practices
Teaching and training is multi-dimensional. Cases, simulations, presentations, short term trainings are part of pedagogy.
Limited scope for innovation as practices are defined by syllabus prepared by central body i.e. University.
Ranking in general (by business magazines and student centric websites)
90% of top 100 are PGDM institutions owing to better teaching, training, exposure and placements. IIMs, XLRI, MDI , IMT , GIM , and many more.
Approximately 10 out of top 100 are MBA institutions. Likes of FMS , NMIMS , KJSIMS , SCMHRD , etc.
Equivalence
Equivalent to MBA from any Indian University. For PhD, Teaching (UGC NET) and all other purposes.
MBA a post graduate degree.
Entrance Process
Thorough CAT/ MAT / XAT / ATMA and some state level examinations like TSICET , MAH-CET etc.
Thorough State level Entrance Examinations like TSICET, MAH-CET etc.
Examinations
PGDM institutions are authorised by approving body, AICTE, to conduct the Examinations
Examinations are conducted by University
All the Very Best!!!
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