Major differences between MBA and PGDM are as follows :
MBA/MMS is offered by 'Universities' or 'Colleges that are affiliated to Universities' or Central Body directly under the Indian Govt while PGDM/PGP is offered by individual colleges and IIM's.
Fees is high in case of PGDM/PGP as compared to MMS/MBA.
PGDM is much more flexible in terms of syllabus as syllabus is not bounded by a particular university.
Ideally PGDM program is residential while MBA is not.
Examples of PGDM/PGP Institutes in India are- IIMs ,XLRI, SP Jain, NMIMS (Banglore/Hyderabad) etc.
Examples of MBA colleges in India are- IIFT , JBIMS , FMS ,NMIMS(Mumbai)SIBM (Pune),
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Major differences between MBA and PGDM are as follows :
MBA/MMS is offered by 'Universities' or 'Colleges that are affiliated to Universities' or Central Body directly under the Indian Govt while PGDM/PGP is offered by individual colleges and IIM's.
Fees is high in case of PGDM/PGP as compared to MMS/MBA.
PGDM is much more flexible in terms of syllabus as syllabus is not bounded by a particular university.
Ideally PGDM program is residential while MBA is not.
Examples of PGDM/PGP Institutes in India are- IIMs ,XLRI, SP Jain, NMIMS (Banglore/Hyderabad) etc.
Examples of MBA colleges in India are- IIFT , JBIMS , FMS ,NMIMS(Mumbai)SIBM (Pune), IITs etc.
Why few offer MBA and rest offer PGDM?
As per the law in India, only a University can offer degrees such as the MBA, BBA, B.Tech or B.E. Any educational institution which is not affiliated to a University cannot offer a degree. So institutes like IIMs, XLRI, NITIE, MDI etc. which are the autonomous bodies and run independently, cannot offer MBA degree and hence offer the PGDM / PGP.
PGDM / PGP
PGDM expands to Post Graduate Diploma in Management, while PGP is Post Graduate Program Diploma. And all the confusion starts when you see the term Diploma. Yes, you read it right – this is Diploma and not exactly a degree in technical terms. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (not affiliated to any University) and conducts management courses, then such Institutes cannot offer MBA degree. Even IIMs, XLRI's doesn't offer MBA degrees; they only give PGP Diploma.
Despite offering PGDM / PGP, autonomous colleges have their advantages
Autonomous institutes may design their own curriculum to be taught and upgrade it regularly instead of following outdated University syllabus. Reason for university syllabus being outdated at times is that it changes once in 3 or 5 years; which certainly is a deterrent in Management arena, where the industry and technology is rapidly changing.
While one may say that PGDM courses are more Industry relevant, up to date as compared to MBA courses; some of the University MBA Programmes have earned a huge brand values in India. Such MBA programmes which have earned reputed brand image are led by Delhi University's MBA programme offered by FMS Delhi. It is today among top 4 colleges in India. This is followed by the MBA degree offered by Symbiosis University and Narsee Monjee University.
How does MBA or PGDM Impact your ca
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Major differences between MBA and PGDM are as follows :