Top Differences Between PGDM vs MBA: Which one to choose?

Parameters

What is PGDM?

What is MBA?

Full Form

Post Graduate Diploma in Management

Master in Business Administration

Level

Diploma

Degree

Duration

2 Year

3 Year

Approving Authority

AICTE, AIU, MHRD, Govt. of India.

AICTE, MHRD, AACSB, AMBA, Govt. of India, and UGC

Course Fee

INR 3 lakh - INR 15 lakh

INR 2 lakh - 27 lakh and above

Course Offerings

500 B Schools

5500 Universities and colleges

Validity

Valid and equivalent to Post Graduate Degree.

Valid Post Graduate Degree.

Eligibility

Graduation in any stream or equivalent degree from a recognized university.

Graduation in any stream or equivalent degree from a recognized university.

Placements

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.

Types

Marketing, Finance , Analytics, Human Resources

Full Time, Part Time, Executive, Accelerated One Year MBA

Course Syllabus

Dynamic, Gets updated as per needs of the industry. The syllabus is approved by AICTE.

The syllabus is prepared by universities and gets updated less frequently.

Innovative Practices

Teaching and training are multidimensional. Cases, simulations, presentations, short term training 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. Eg: IIMs, XLRI, MDI, IMT, GIM, and many more.

Approximately 10 out of the top 100 are MBA institutions such as 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 national and state tate level entrance examinations like CAT, MAT, CMAT, TSICET, MAH-CET etc.

Examinations

PGDM institutions are authorized by approving body, AICTE, to conduct the Examinations

Examinations are conducted by University

Work Experience

N/A

Some courses and colleges demand work experience of 3 to 5 years

Focus

Focus on theoretical and technical aspects of business management

Focus on practical knowledge and industrial orientation

Peer Group

A PGDM program is preferred and opted for by many working professionals looking to get ahead in their careers.

An MBA degree is also opted for by many working professionals. However, there are a lot more fresh graduates

Affordability

More Affordable

Expensive

Teaching Methodology

A PGDM program provides room for more application-based learning in classrooms

An MBA program is more focused on theory-based learning approaches.

Specializations

Sales and Marketing , Operations , Finance, Human Resources, Digital Marketing, etc.

IT, Operations Management, Business Analytics, Marketing, HR, etc.

Top Job Profiles

Finance Manager, Marketing Manager, Sales Manager, Project Manager, etc.

HR Recruiters, Sales Manager, Public Relations Manager, Research Analyst etc.

Top Recruiters

Boston Consulting Group, Mckinsey, Bain & Co, Morgan Stanley, Citibank, JP Morgan Chase, Amazon, Facebook, Google, Adobe, etc.

HDFC Bank, Dell, Myntra, Amazon, Lifestyle etc.

Top Colleges

IIM Ahmedabad, IIM Bangalore, IIM Calcutta, IIM Lucknow, IIM Indore, IIM Kozhikode, etc.

IIM Indore, IIM Calcutta, XLRI Jamshedpur, etc.

Colleges

Average/Mean/Median Salary

Tuition Fees

IIM Ahmedabad

INR 25,83,126

INR 23,00,000

IIM Bangalore

INR 24,54,000

INR 23,00,000

IIM Calcutta

INR 27,90,000

INR 27,00,000

IIM Indore

INR 20,79,000

INR 16,00,000

FMS Delhi

INR 23,20,000

INR 1,92,000

IIFT Delhi

INR 18,00,000

INR 17,25,000

NMIMS School of Business

INR 17,79,000

INR 19,76,000

IIT Kharagpur

INR 16,11,000

INR 9,00,000

DoMS IIT Delhi

INR 18,47,000

INR 9,60,000

SIBM Pune

INR 20,14,000

INR 18,80,000

XLRI Xavier School of Management

INR 24,30,000

INR 20,00,000

SPJIMR Mumbai

INR 22,00,000

INR 17,50,000

NMIMS School of Business Management

INR 10,50,000

INR 19,76,000

IMT Ghaziabad

INR 13,60,000

INR 18,30,000

IMI Delhi – International Management Institute

INR 13,07,000

INR 13,16,000

TAPMI Manipal – T A Pai Management Institute

INR 11,06,000

INR 14,60,000

Great Lakes Institute of Management

INR 13,10,000

INR 10,10,000

IIM Ranchi

INR 15,02,000

INR 15,00,000

XIME

INR 7,04,000

INR 10,00,000