PGDM vs MBA | Know Their Differences and Which Should You Learn?
Last updated on 02nd Nov 2022, Artciles, Blog
- In this article you will get
- 1.What is MBA?
- 2.What is PGDM?
- 3.Difference between MBA and PGDM
- 4.PGDM vs MBA job roles with salary
What is MBA?
Many students choose Master of Business Administration degree to enter a business world. This is a degree that is internationally recognized, with a curriculum in most institutes teaching candidates about the topics including management and operations. Almost all the management universities and colleges around a globe offer an MBA program. An MBA degree can boost the career at unprecedented speed with a high-paying job roles.
What is PGDM?
The Post Graduate Diploma in Management is diploma program offered by the educational universities and colleges accredited by All India Council for Technical Education (AICTE). The program is preferred by a some in place of MBA degree as it is more oriented towards developing industry-ready candidates. Get an in-depth knowledge of the topics like customer service and marketing with the plenty of opportunities for the on-job training.
Difference between MBA and PGDM
Coming to the MBA vs PGDM, have listed basic points of differences between two programs in a tabular format given below.
|Point of Difference||MBA||PGDM|
|Fees Comparison||It is high affordable than a PGDM course. Depending on college, it will cost between the INR 2 to 20 LPA to complete MBA degree.||A PGDM course can cost anywhere in the range of INR 5 to 24 LPA. It is more higher than MBA since autonomous authority provides course.|
|Syllabus||Students are get a lot more concepts about theoretical knowledge than PGDM. The syllabus of an MBA degree depends upon university. It takes years to update a curriculum, which might be a drawback when it comes to a practical field.||This program gives students more hands-on approach to workplace situations in a business world. Autonomous institutes approved by AICTE provide PGDM courses with curricula more frequently updated according to requirements in a current business world.|
|Eligibility||A candidate seeking an MBA degree needs to have a 50% marks at graduation level in any discipline from the recognized university. Top colleges such as IIMs and IITs require 60% or 6.5 CGPA at graduation level for a MBA pursuing candidates.||Any graduate student can apply for the PGDM courses having at least 50% marks. No age limit is there for candidates seeking PGDM program. But need a 6.5 CGPA or 60% at graduation level if want to apply to the prestigious institutions such as an IIM.|
|Qualification||A Degree course||A Diploma course|
|Examination||CAT, MAT, XAT, GMAT, MAT||CAT, ATMA, XAT, NMAT, SNAP|
PGDM vs MBA job roles with salary
The question of MBA vs PGDM, which is a better, might arise in mind. Take a look at various career options, and can find out if PGDM is equivalent to the MBA or not.
|Marketing Manager||The marketing department of organization hires a marketing manager to handle services and products of an organization.||An INR 3.73 LPA to INR 20 LPA|
|Business Analyst||The role of the business analyst is to analyze the information about a company and find whether the company has achieved past goals or not and set a future goals.||An INR 5.34 LPA to INR 20 LPA|
|HR Manager||This is one of the most important jobs in any company as HR manager takes care when a new employee joins and has to look out for a current employees as well.||An INR 3.38 LPA to INR 20 LPA|
|Investment Banker||The role of an investment banker is to manage various investment projects of a client organization.||An INR 3.5 LPA to INR 60 LPA|
|Finance Advisor||A finance advisor has to interpret financial document summaries of their clients and also prepare performance reports while analysing the income projections.||An INR 4.44 LPA to INR 20 LPA|
|Tax Specialist||The tax specialist ensures that profit, property, and sales tax of company are distributed appropriately.||An INR 1.79 LPA to INR 10 LPA|
|Auditor||An auditor has a various roles to play in company. Analyzing spreadsheet data and checking financial records are some of them.||An INR 1.38 LPA to INR 10 LPA|
|Project Manager||An IT company employs project manager who is given responsibility to handle each of company’s projects.||An INR 4.89 LPA to INR 30 LPA|
|Consultant||The role of a consultant is to make sure that the other companies develop strategies to keep them competitive. A consultant can have the specializations in fields like Human resources, Finance, Business, Law, and others.||An INR 3.98 LPA to INR 30 LPA|
|Data Scientist||Using advanced analytics, data scientist finds out a probable outcomes of company in case of specific situations.||An INR 3.59 LPA to INR 20 LPA|
Have provided with information about a PGDM vs. MBA differences and similarities so that can make an informed decision on own. It does not matter whether pursuing an MBA degree or a PGDM diploma. Recruiters need candidates who can upskill themselves with a changing scenarios, which is what they look for a while hiring potential employee.
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