Master of Business Administration (MBA) and Post Graduate Diploma in Management (PGDM) both are management courses. But there is slight difference between these two which has to be understood by the students who prefer to study these courses. Many of you will get confused on hearing these terms, some of you might think both are same and others will think PGDM as a diploma and MBA as a Master degree.
Here I would like to make you clear about the difference that lies in MBA and PGDM course. The curriculum and focus in both the courses vary accordingly.
Master of Business Administration(MBA) can only be offered by the institutions that are affiliated to an university. It enables you to carryout further studies (E.g M.Phil, PhD etc.,) in reputed institutes of any country after completion easily. Theoretical aspects of management are focused more. MBA helps you in developing your technical skills and gaining business knowledge. The curriculum of MBA will be framed by the universities and the change in the same will be rare.
Post Graduate Diploma in Management (PGDM) is offered by autonomous colleges or institutes but it needs to be recognized by the All India Council for Technical Education (AICTE). You can do further studies only if the concerned institute is having accreditation from The Association of Indian Universities (AIU). PGDM course is industry oriented and helps you to build soft skills. As the institute that offers this is independent, the curriculum can be changed according to recent industry standards and business trends.
PGDM is considered equivalent to MBA when the institute that offers the course is accredited from AIU and it prepares you for a senior management position. In general MBA costs less than PGDM course.
Hope you have understood the exact difference. Now, choose the one that suits your career.