Many autonomous business schools in India offers a Post
Graduate Diploma in management or PGDM. In many
countries, accredited universities and their affiliated
colleges offer a Master of Business Administration, or
MBA. Both programs attract recent graduates as well as
people with professional experience and covers the same
subject areas. But PGDM and MBA programs use different
fields of study approaches.
An MBA is more widely recognized than a PGDM as a
qualification in business administration and management
studies by many employers or institutions of higher
education. But this realization also depends on the
reputation and ranking of the institution itself. Some
higher rated institutions that offer a PGDM get more
recognition than a lower ranked University that offers
an MBA. Doctoral programs recognizes an MBA for
recording, while they will not accept a PGDM.
MBA program for full-time students will run for two
years, although this varies in the different countries,
and depends on the length of the internship period. The
duration of a PGDM corresponds to an MBA in most cases.
But as self-governing institutions offering PGDM, they
adjust the duration according to the internships of the
students. MBA programs are often more strict, and can
take more than two years for part-time work,
long-distance and executive students.
The purpose of an MBA-program syllabus is on theoretical
aspects and managerial studies rather than practical
knowledge. The purpose of a PGDM curriculum is to meet
industry requirements. MBA programs are more rigid and
not rapidly change to meet new demands and the latest
research. PGDM programs often changes to offer relevant
managerial skills and knowledge.
MBA programs normally provides students with better
career prospects due to their wider recognition. PGDM
programs can give students the opportunity to find
employment, but has limitations, because candidates are
unable to further their studies with a doctoral thesis.
Some companies prefer to invest in employees to build
human capital through education and may prefer a
candidate with MBA qualification, which can go on to
make a PhD.