The development of the IT sector and the ongoing corporate saga has led to the popularity of management studies among students. But when it comes to choosing the right option between PGDM and MBA, most students end up confused and make the wrong choice. The increasing dilemma actually begs the question: MBA or PGDM which has more value? The course curriculum of both these postgraduation degrees tends to be similar. However, there are certain differences that students need to know about if they want to make the right choice. This is precisely what we are here to help with.
MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) are two popular postgraduate courses that are often considered as ideal options for students who want to pursue a career in the business world. Both these courses aim to equip students with the necessary skills and knowledge to succeed in the ever-evolving corporate world. However, there is a significant difference between MBA and PGDM, and students often find it challenging to decide which is better.
An Introduction to MBA and PGDM
MBA (Master of Business Administration) and PGDM (Post Graduate Diploma in Management) are both popular postgraduate courses for students who aspire to pursue a career in business management. MBA courses are typically offered by universities and are more theoretical in nature, providing students with a comprehensive understanding of business management.
On the other hand, PGDM programs are offered by autonomous institutions and are more practical and industry-oriented, focusing on specific areas of management. MBA and PGDM have advantages and disadvantages, and the choice between them depends on individual preferences, career goals, and financial considerations. Ultimately, the key to success is not the degree or diploma but the skills and knowledge acquired during the course of study.
Difference Between PGDM Vs MBA
This table highlights some of the key differences between MBA and PGDM, such as their affiliation, course curriculum, course duration, focus, specialisations, program recognition, cost, and regulatory body. It can help you understand the key factors when deciding which program to pursue.
|
Features |
MBA |
PGDM |
|
Course Type |
Postgraduate Degree |
Postgraduate Diploma |
|
Affiliation |
Affiliated with a University |
Autonomous Institution |
|
Course Curriculum |
Designed by the University |
Designed by the Institution |
|
Course Duration |
2-years |
2-years |
|
Program Focus |
Theoretical and Comprehensive |
Practical and Industry-Oriente |
|
Specializations |
Limited Specializations |
Diverse Specializations |
|
Fees |
Low |
Comparatively high but with better ROI |
|
Regulatory Body |
Regulated by the University |
Regulated by AICTE and Ministry of HRD, Govt. of India |
PGDM vs MBA Salary And Career Roles
To find out MBA or PGDM which has more value, it is highly important to make sure that you understand the career roles and salary scope that you can have once you graduate. Below are some details about the job roles and the salary options for MBA and PGDM graduates.
MBA Salary Scope
The career scope of an MBA in India is vast and diverse.
Graduates can work in various sectors, such as finance, marketing, human resources, operations, consulting, and more. They can find employment opportunities in large corporations, small and medium-sized enterprises, startups, and even government sectors.
MBA graduates can opt for various job roles such as management consultant, financial analyst, marketing manager, human resources manager, business development manager, and more. They can also start their own business venture or work as freelance consultants.
The salary scope of an MBA in India is also quite lucrative. MBA graduates’ salary varies based on the sector, job role, company, location, and the candidate’s skills and experience.
|
Job Role |
Salary |
|
HR Manager |
INR 4 – 6 LPA |
|
Business Analyst |
INR 4 – 6 LPA |
|
Marketing Manager |
INR 5 – 8 LPA |
|
Finance Advisor |
INR 5 – 8 LPA |
|
Investment Banker |
INR 8 – 10 LPA |
PGDM Salary and Jobs
The job and salary scope of PGDM in India depends on several factors, such as the reputation of the institute, the specialization chosen by the student, the student’s academic performance, work experience, and industry demand. PGDM graduates can find employment opportunities in various industries, including banking, finance, marketing, consulting, etc. Some popular job roles PGDM graduates can apply for include Project Manager, Business Analyst, Data Scientist, Consultant, etc. Here we are mentioning some details about the salary scope and job roles.
|
Job Role |
Salary |
|
Project Manager |
INR 12 – 15 LPA |
|
Data Scientist |
INR 7 – 9 LPA |
|
Auditor |
INR 5 – 7 LPA |
|
Tax Specialist |
INR 5 – 7 LPA |
|
Consultant |
INR 9 – 12 LPA |
|
HR Manager |
INR 7 – 9 LPA |
|
Business Analyst |
INR 6 – 8 LPA |
|
Marketing Manager |
INR 7 – 9 LPA |
|
Finance Advisor |
INR 6 – 9 LPA |
|
Investment Banker |
INR 8 – 10 LPA |
With this information, the picture will be a bit clearer about the PGDM vs MBA salary scope in India. You can understand what program to choose once you have an idea about your career options in your respective field.
What Should You Choose: MBA or PGDM?
After learning the difference between PGDM and MBA, figuring out which program suits you is the only thing that remains. Here are some important things that you need to think about before you go ahead and choose the course curriculum that you want to follow.
- Before choosing the program, it is important for students to compare the curriculum offered by the program. PGDM, for instance, is completely focused on the practical aspects of business, while MBA is a program that focuses more on the theoretical aspects of business management.
- In case you want to pursue your higher education after getting the degree, choosing the MBA program will be a better idea. Students who want to pursue a doctorate degree, such as a PhD after completing their master’s program might have a better chance of getting into a reputed university if they choose to do an MBA.
- Make sure you compare the fee structure between MBA and PGDM programs offered by different institutions. Some great MBA and PGDM colleges with low fees will suit your financial aspect while providing quality education.
Why Choose GNIOT For Pursuing MBA or PGDM Degree?
Choosing the right institution for pursuing a management program is incredibly important for students these days. Although there are some spectacular PGDM and MBA colleges with lesser fees, the Great Noida Institute of Technology or GNIOT is one of the leading institutes to provide the best education to students.
- Education Opportunities
Great Noida Institute of Technology is known for providing quality education to its students. The faculty comprises experienced and knowledgeable professors with a wealth of practical and theoretical expertise. They have years of experience in their respective fields and provide valuable insights and perspectives to the students. The MBA program curriculum is designed to give students a thorough understanding of management concepts, tools, and techniques. The course also includes practical training, case studies, and industry visits, which help students apply the concepts learned in class to real-life scenarios.
- Industry Interface
The institution has strong ties with the industry, which helps students get exposure to the latest developments and trends in the corporate world. The institute has tie-ups with various corporates that offer students internships and placement opportunities. The programs offered at GNIOT have a dedicated placement cell, which helps students find suitable jobs after graduation. The institute also organises guest lectures, seminars, and workshops by industry experts, which helps students gain practical insights into the corporate world.
- Affordability
GNIOT offers the MBA/PGDM program at an affordable fee, making it accessible to students from all backgrounds. The fee structure is designed to be competitive and comparable to other top management institutes in the country. The institute also offers scholarships and financial assistance to meritorious and deserving students.
- International Exposure
This amazing institution offers its students opportunities to gain international exposure, which is crucial in today’s globalized world. The institute has tie-ups with several international universities, which offer student exchange programs and joint degree programs. Students also get the chance to attend international conferences and seminars, which help them gain insights into the global business environment.
- Extra-Curricular Activities
The institution provides its students with a wide range of extra-curricular activities that help them develop their overall personality. The institute’s vibrant student community organises various cultural and sports events. These events help students develop leadership, team-building, and communication skills.
- Entrepreneurial Ecosystem
Great Noida Institute of Technology has a thriving entrepreneurial ecosystem, which helps students who wish to start their own businesses. The institute has a dedicated entrepreneurship cell, offering aspiring entrepreneurs training, mentorship, and networking opportunities. The cell also organises various entrepreneurship events, which help students showcase their ideas and receive feedback from industry experts.
Wrapping Up,
So, there you have it, people. Choosing between an MBA and PGDM is relatively easy if you have all the information. If you are looking for the best PGDM and MBA colleges with low fees, choosing GNIOT will be a good idea.
The MBA/ PGDM program for the 2023-25 batch at GNIOT/GIMS is currently open for applications. APPLY NOW
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