The exam season is on its way and all the aspirants are preparing themselves for the entrance examinations like CAT, NMAT, XAT, SNAP and others to secure their seat in one of the prestigious B-Schools in India. During this journey, the student will come across the term PGDM and MBA. Many of the aspiring aspirants don’t even know the difference between the two and where they should apply. This is the right time to know the difference and all the major concerns regarding the degree.
PGDM stands for Post Graduate Diploma in Management. PGDM is equivalent to an MBA program and while pursuing PGDM, students can choose either a 1-year program or 2-year program. It's a diploma program, which is offered by autonomous institutions like MDI, XLRI, NMIMS and many others. PGDM programs are mainly based on real-life situations with the prime aim to make students industry-ready. This is a flexible program, whose curriculum is changed according to the needs and demands of the industry. The PGDM courses are approved by the AICTE i.e. All India Council for Technical Education. The PGDM programs are quite expensive, the starting fee starts from 5 lakh. The premium the college, the more expensive it gets.
MBA stands for Masters of Business Administration. MBA is a 2-year program, offered by the colleges which are affiliated to the university. The MBA program is mostly dependent on the curriculum of the university unlike PGDM the MBA program is not revised frequently. In MBA programs, students develop technical and theoretical knowledge which is important for running an industry. MBA programs are not expensive as compared to PGDM programs, as the fees are set according to the policy of the university.
These are the differences between the PGDM and MBA program. It's important to know the difference and pursue that course which a student finds suitable for him/her.
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