Most of the graduates would like to pursue an MBA or a PGDM course, so as to polish their credentials and job prospects. While many think that there is a difference between the two, few also perceive both as the same degree, with just a difference in the name. MBA, a degree course and offered by Universities. PGDM offered by the institutes that are recognised by the AICTE and which are autonomous and not affiliated to any university.
Now I am coming to the term autonomy. When an Institute secures autonomy they design their own curriculum to be taught instead of following outdated University syllabus. I have mentioned outdated syllabus because the syllabus change at University level happens once in either 3 or 5 years. Where as in PGDM, since the colleges have autonomy the curriculum can be updated regularly depending on the need in the Industry. Hence one can say that PGDM courses are more Industry relevant, up to date as compared to MBA courses. A student pursuing a PGDM course will be gaining knowledge regarding building soft skills. The teachers who are teaching in PGDM can combine management theories and computer software’s to enhance analytical skills of his/her students. Hence many PGDM institutes are offering courses like Financial Analytic, Marketing Analytic, Operation Analytic and Human Resource Analytic.
In compared to PGDM, generally MBAs are more affordable as the fees is almost similar to university standard. Some private universities are charging huge fees. Second and the most crucial point is that MBA department of many universities do not offer placement services at the end of the course hence it is not the end but a mean. The goods Institutes which are offering PGDM courses are offering placement services and at the end of your course you can get a good employer for your later carrier.
Dr. Samiran Jana