MBA vs PGDM
On the exit from college, a question arises: MBA (Master of Business Administration) or PGDM (Post Graduate Diploma in Management). Youth are often confused that what is a difference between MBA and PGDM and which of these courses should they do? It is important to understand the two specialties.
The purpose of both these courses is to make a career in management. The difference is the Degree and Diploma. Many students are hesitant about the latter word: Diploma.
Let’s know a little bit about this Diploma. When a teaching institution is autonomous (i.e., it does not belong to any university) and offers courses in business administration, then it cannot award an MBA degree. It could prepare its own education module. These modules can be changed from time to time according to the needs of the industry. Such institutions award PGDM to the successful students.
As far as the MBA is concerned, this degree can only be given to the educational institution which is affiliated with any university. They study according to the pattern and guidelines decided by the university according to its syllabus. Entry into the best business schools in the country through Management Entrepreneurship Examinations like CAT, XAT, SNAP, NMAT, IIFT, CMAT etc. These schools are affiliated with some or other universities.
Generally, if a PGDM is to be equivalent to an MBA, then its duration is 2 years. One-year PGDM course is not considered equivalent to MBA.
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MBA from Singapore
Being one of the cleanest and safest countries with a vibrant lifestyle, Singapore has attracted not just the tourists but also the students and became a dynamic destination for international students. It is one of best destinations for study of Masters in Management.
Why MBA from Singapore
- Singapore is the Business Hub of Asia
- Almost 7000 MNC’s have their head office in Singapore
- Growing constantly at a rate of more than 5% with high employment rates
- A Multicultural Nation with a High Quality of Life
- Immigrants are welcome to play a role in its economic development
- Application for PR (Permanent Residency) is processed within 3 months
- Cost of education and living is comparatively lower
PGDM programs generally have 4 semesters in 2 years and sometimes 6 semesters.
This is an IIM-based diploma program recognized by the All India Council of Technology and Education (AICTE). This course has considerable flexibility. Being an autonomous institution, this course is self-motivated and has a very good placement rate.
The All India Council for Technical Education is the statutory body and a national-level council for technical education, under Department of Higher Education, Ministry of Human Resource Development, which recognizes courses in both technology and management.
The MBA was started in the US to give a scientific approach to Management Skills. MBA is internationally accredited as a Masters Degree in Business Studies. After the MBA, further studies can be done from any university.
The flexibility in the MBA degree is low and the regulation is high. To do an MBA abroad, you have to clear exams like GMAT or GRE.
Overall, we can say that PGDM courses are more industry-oriented than MBAs. According to V. Vankatramanna, a former dean of the School of Management Studies of the University of Hyderabad, ‘The MBA is for those who want to pursue a university course for a holistic viewpoint. At the same time, PGDM is for them, who want to get expertise in the field of their choice.
“You are welcome to Ideal Career. Here we ensure your successful career and future in the field of Management. We focus on providing all assistance by making the admission easier and beneficial to admission seekers.