PGDM or MBA, what to choose further? A hot potato for every graduate aspiring to pursue a career in the management domain. Before starting the never-ending debate, one must understand the basic terminology of both the programs. MBA refers to Master in Business Administration which is a degree course for over 2 years offered by institutes that are affiliated to some university. On the other hand, PGDM (Post Graduate Diploma in Management) is a diploma course of 2 years offered by various autonomous colleges in India which are recognized by AICTE.
MBA course emphasizes on providing aspirants with theoretical aspects of business management and administration which makes them well aware of all the rules before making their way into the business industry. The PGDM course chiefly focuses on developing and polishing the industry-oriented skills of the students and grills their personality and problem-solving skills by indulging them in various real-life industry problems.
Know The Difference between MBA vs PGDM
Which has more value: an MBA course or a PGDM program?
An MBA course has a rigid set of syllabi which remains identical aiming to provide an exam-oriented training facing very less updates over once in 3 to 4 years while on the other side PGDM program capsulizes all the dynamic aspects of industry in their syllabus and upgrades it with the changes in the business world aiming to develop soft skills and providing industry-oriented training for the students.
Budget is also a crucial aspect to keep in one’s mind while opting an MBA course or a PGDM program. There are many renowned PGDM colleges in Ahmedabad as well as MBA colleges in Ahmedabad.
The given table illustrates some major differences Between MBA and PGDM Courses:
According to a popular survey, the top roles in demand in sales and marketing, finance and accounting, and human resources are:
- Heads of Sales
- Regional / Area Sales Managers
- Digital Marketing Heads
- Head Taxation with GST implementation experience
- CFO / Controller
- Compensation & Benefits
- HR Business Partners in Sales
- Talent Acquisition with Social Branding/Analytics experience
- Talent Management & Diversity Inclusion
So, keeping in mind the dream goal to achieve, role trends in the industry and various other aspects, a candidate should pursue an MBA course or a PGDM program accordingly so that the course complements and values his/her dream and results in generating fruitful results.
PGDM vs. MBA Salary
Students after completing a PGDM program or an MBA course tends to pave their way into colossal MNCs and various reputed banks earning lump sums of money.
As per 2018 Salary Benchmark report by Michael page, the average salary range of the candidates completing a degree or a diploma from a business school having 3-5 years of experience lies between 14 lacs to 24 lacs.
Is PGDM equivalent to MBA?
There is a hairline difference between the two major courses. You cannot exactly say that both the courses are equivalent as MBA is a degree following an exam-oriented teaching approach while PGDM diploma follows an industry-oriented teaching approach.
Candidates should carefully opt an option which is best suited to them keeping in mind all the aspects provided above.
As it is well said by Malcom X that,” Education is the passport to the future, for tomorrow belongs to those who prepare for it today”, set the cast of your mind towards your goal and choose a course which will complement your way in achieving that goal. There are some of the best business schools in Gujarat, Bangalore, Kolkata, etc. so don’t miss the golden opportunity and commence your journey to success by enrolling yourself in one of these schools.