If you are keen on specialising in management studies, but are wondering what the basic difference between a Masters in Business Administration (MBA) and a Post Graduate Diploma in Management (PGDM) is—you have come to the right place!
A PGDM and MBA Are Different
Whether you are a student or a working professional looking to enhance your career prospects with a management program, it is vital to understand why an MBA and a PGDM is not one and the same thing. What are these differences? While a PGDM is a Diploma, an MBA is a Degree. While the general view is that a Degree is more prestigious than a Diploma program, this idea is inaccurate in the realm of management.
Which is Better?
Both PGDM and MBA courses focus on equipping students with management skills. However, a PGDM program takes on a more professional approach, while an MBA course has a slightly more academic tone. And, even though, both are recognised by businesses and go on to provide good job opportunities; the value of the certification ultimately depends on the ranking of the B-School that issued it.
So, a PGDM from a top B-school is any day more valuable than an MBA from a lower ranking management institution. That said, not all PGDM programs offered by colleges are more valuable than an MBA. The value of the Degree or Diploma really depends on where the B-School or college stands on the Management School Ranking Table.
In all cases, it’s always advisable to check on the accreditation status of the college offering a PGDM or MBA course. Moreover, a two -year full time MBA is equivalent only to a two-year full time PGDM, but not to a correspondence PGDM, a part-time PGDM or a one PGDM.
Leading B-Schools and why they offer PGDMs and not MBAs?
If you are still wondering, why a top B-School like IIM offers a PGDM and not an MBA, the reason is their institutional autonomy.
An MBA can be granted only by those colleges that are affiliated to a University, controlled by the University Grants Commission (UGC). These may eventually get accreditation from the All India Council for Technical Education (AICTE) as well.
In contrast, B-Schools offering PGDM programs are not controlled by the UGC. They are, in fact, autonomous institutions running their management courses independently. The IIMs and XLRI fall in this category of B-schools. However, colleges that offer PGDM programs eventually will need to be accredited by AICTE.
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