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PGDM vs MBA - Ramaiah Institute
WHY CHOOSE A PGDM PROGRAM OVER AN MBA
In today’s competitive world, a Post Graduation degree is preferred by both corporates and students for better growth. It gives an edge and enables graduates to be considered for higher level opportunities.
Most students, however, are unable to differentiate between an MBA degree and a PGDM degree. This article aims to clear the doubts in the students’ minds.
Let us first understand the difference between the two courses.
PGDM - Post Graduate Diploma in Management
This is a course offered by autonomous institutes like Ramaiah Institute of Management and are recognized by the All-India Council for Technical Education (AICTE). PGDM is generally preferred by corporates as it is a more rigorous and exhaustive course. Institutions accredited with Association of Indian Universities can claim that their PGDM is at par with MBA.
MBA – Master’s of Business Administration
A management degree offered by universities and can be taken up by any undergraduate from any field. It is also a less exhaustive course when compared to a PGDM program.
Other differences between the two:
|
| PGDM | MBA |
| Scope | Has a broad scope as it allows one to choose multiple specialisations. A Finance major can choose a marketing minor or an Operations major can choose a HR minor and so on. | Limited scope of specialisations |
| Industry focus | Relevant to industry with updated curriculum matching industry needs. | Focused on curriculum and syllabus |
| Course depth | Subjects are covered more comprehensively with more depth into the subject matter. | Covers a broad spectrum of the subject |
| Faculty from industry | Distinguished faculty with industry experience help prepare and mould students for corporate careers better | Faculty from academic background |
| Pedagogy | Uses innovative methods of teaching and ensures students understand concepts in more detail. Role plays, case studies, games, etc. are used as part of teaching pedagogy. | More frontal method of teaching |
| Industry Preference | Preferred by corporates as it is able to incorporate changing industry requirements dynamically | Less preferred by industry |
| Skill upgradation | With more industry exposure, a student is able to sharpen skills better and be industry ready |
Limited exposure to skill upgradation |
| Industry connections | High level of industry interactions as industry participates in curriculum development, etc. leading to better placement opportunities for students | Limited industry interaction |
| Easy financing | Students can avail educational loans at low-interest rates and flexible terms easily due to AICTE recognition | Available for recognised universities |
| Greater exposure | Internships, projects, interaction with corporates, guest lectures, etc. | Limited exposure |