Basic Difference Between MBA vs PGDM

Control thy emotions buddy

Well I guess there is loss of concept here.. PGDM is taken as equivalent to MBA degree.

No difference between PGDBM & PGBM while MBA is a degree compared to PGDBM & PGBM as these are diploma. Also it is always mentioned that the diploma provided by the institute is equivalent to an MBA degree and although it doesn't matter much but its better if the diploma given by the institute is reconized by AICTE and AIU.

There is a wide variety of nomenclature of degrees in management education. There are mainly two categories - postgraduate diploma and master's degree.

Postgraduate diplomas include Postgraduate Diploma in Business Administration (PGDBA), Postgraduate Diploma in Management (PGDM) and Postgraduate Diploma in Business Management (PGDBM). Most of these diploma courses are having two-year duration and graduation is the entry qualification.

Master's programmes include Master of Business Administration (MBA), Master of Business Management (MBM), Master of Business Studies (MBS), Master of Finance and Control (MFC) and Master of Management Studies (MMS).

According to the University Grants Commission Act, universities and university-level institutions, including deemed universities, alone can award MBA and related degrees. The institutions outside the university system can award postgraduate diplomas. All institutions offering PG programmes in management should obtain the approval of the All India Council for Technical Education (AICTE). PG Diplomas in Business Administration / Management awarded by very few institutions are approved by the AICTE or recognised by the Association of Indian Universities (AIU) as equivalent to the corresponding masters degree/MBA.

Deemed universities can also offer MBA or Master's Degree in Management. The AIU is the appropriate authority for granting recognition.

The Indian Institutes of Management (IIMs) Ahmedabad, Bangalore, Calcutta, Indore, Kozhikode, Lucknow are ranked in the list of top institutions that offer Postgraduate programmes in Management (PGP).

IIM Calcutta also offers PGDM and Post Graduate Diploma in Computer Aided Management (PGDCM). Meritorious graduates in any discipline can apply for the postgraduate programme offered by the IIMs.

The selection is based on the Common Admission Test (CAT) score. The PGP of IIMs is considered as equivalent to an MBA and has much greater demand in industry/management field.

Most of the universities in India offer MBA programmes with specialisations such as marketing, finance, personnel, systems management, human resource management, etc. Some institutes offer sectoral electives such as telecom, health, retail, textile, insurance, pharmaceuticals, supply chain, shipping and port Management, etc. besides the main specialisations.

Innovative specialised subjects of MBA include biotechnology, tourism, power management, information technology, public services and e-governance, IT-enabled services, banking technology, pharmaceutical management, etc. The duration of full-time MBA programmes is two years.

The reputation of the institution within the industry, the quality of the faculty, infrastructure, placement record, location of the institute, etc. are the factors that need to be taken into account before choosing a masters programme or a PG diploma.

It is not important whether a student pursues PGDM or MBA. The institution where he/she is studying is of paramount importance and enhances their employability.

Those who pass out from reputed institutes get better job opportunities in multinational companies in the executive/managerial posts.

IIMs, Xavier Labour Relation Institutes (XLRI), Jamshedpur, Xavier Institute of Management (XIM), Bhubaneswar, Jamnalal Bajaj Institute of Management Studies, Mumbai, Narseemonjee Institute of Management Studies, Mumbai, S.P. Jain Institute of Management and Research (Andheri West) Mumbai, Barathidasan Institute of Management (BIM) Tiruchirapalli, etc. are some of the top institutes offering PG programmes in management.

Admissions to MBA/PGDBM/equivalent programmes are made either through an all-India Common Entrance Tests or through State-level tests.

The All India entrance tests consist of IIM-CAT, JMET conducted by IITs, MAT conducted by AIMA, ATMA conducted by AIMS, XAT conducted by XLRI. Admission guidelines are available on the AICTE website: Welcome To AICTE

The Joint Management Entrance Test are conducted annually for admission to Postgraduate Programmes in Management at IITs Madras, Bombay, Delhi, Kanpur, Kharagpur, Roorkee and Indian Institute of Science (IISc), Bangalore. Graduates in engineering are eligible to apply for this test.

Hope it clears the air now

Cheers :)