MBA vs. PGDM: Which is better for you? MBA and PGDM are two prominent career options available for those who have completed their graduation and sometimes even have some amount of experience. Both courses have their own set of pros and cons. You can find many MBA colleges in Delhi, where MBA is offered with different specializations. Similarly, just like Executive PGDM in Delhi, different specializations are available for PGDM courses too. Let’s have a look at the bases of the difference between both the courses.
Meaning
Master of Business Administration is a full-fledged degree program for graduate degree holders. On the contrary, as suggested in the name itself, Post Graduate Diploma in Management is a diploma program in the Management sector. Both programs have their own set of specializations that are generally decided to keep industry requirements in mind.
Curriculum
The MBA program offered by a known university has a predefined curriculum. This curriculum would be the same as offered at some different universities. The syllabus is almost the same for 3-7 years. On the other hand, in PGDM courses the curriculum is decided by the individual institutions/colleges. Besides, there are no two colleges that have the exact same PGDM curriculum.
The aim of the course
Generally, the core subjects in both courses are the same, but the basis of the difference is the approach with which the course is taught. If you choose to do a regular Executive PGDM in Delhi from a reputed company you will get to learn a lot more than the simple bookish knowledge. MBA program lack this type of flexibility. There is a fixed pattern and everything goes around similar concepts. The use of new pedagogy like case studies, videos from the field, and PPTs for the latest developments, makes the PGDM course more interactive than the regular MBA program.
Cost of Pursuing (Fees and Return on Investment)
In comparison to PGDM courses, MBA courses have lower fees. Because universities receive government funding, students have to pay fewer fees. In contrast, private colleges offering MBA courses charge much higher tuition fees. Both of these courses have fee criteria that should be considered when considering the overall return on investment. This means determining which course is more likely to cover the fees paid through average salary and the amount of time involved, which would be more beneficial in the long run.
Career opportunities After completing an MBA one can work as a Business Analyst, HR Manager, Marketing Manager, Investment Banker, Finance Advisor, etc. On the contrary after completing a PGDM course, one can work as a Data Scientist, Project Manager, Tax Specialist, Auditor, Consultant, etc.
Which should one go for— MBA or PGDM?
As per the recent searches, it will be much more beneficial for students if they opt for a PGDM course. The course aims at practical lessons and is more industry-relevant. It renders knowledge that is relevant to the job market. As the curriculum for this course is revised each year, there are chances that the students will learn and gain experience with a wider variety of business concepts than an MBA. The aim behind offering a PGDM course is to prepare students to be ready to face real-life field challenges. This is done through its out-of-the-book teaching methodology.
Conclusion
Lal Bahadur Shastri Institute of Management is a leading PGDM institute that offers a wide range of PGDM programs. It is a premium and dynamic institute that facilitates education in management and information technology. The list of the courses provided here includes PGDM General, Financial Management, Research, and Business Analytics, E-Business, Artificial Intelligence, and Data Science, and a Fellow program in Management.