MBA stands for Master of Business Administration whereas PGDM stands for Post Graduate Diploma in Management. Both are 2 year courses and they only differ in certain areas. For example, an MBA is a degree but a PGDM is a diploma course. PGDM programs are more industry-oriented while MBA programs are more theoretical in approach.
UGC recognises and regulates MBA whereas a PGDM program comes under AICTE. The admission process for both courses is similar. Students will have to sit for Entrance Exams like CAT, MAT, XAT, GMAT, MAH MBA CET, etc. Top colleges like IIMs, FMS Delhi, and XLRI take GD/PI before admission.
MBA courses are offered by recognized universities while PGDM courses are offered by autonomous institutes. The curriculum of PGDM changes rapidly depending on the industrial requirements while changes in the curriculum of MBA take around 3-7 years. According to the reports, the placement rate of PGDM candidates is higher than those having MBA degrees.
Check More: MBA Placements
Table of Contents
2.2 MBA vs PGDM: Affiliation and Accreditations
2.2 MBA vs PGDM: Admission and Entrance Exam
2.6 MBA vs PGDM: Jobs and Salary
3.1 Top MBA Colleges
MBA vs PGDM: Highlights
Candidates may choose between PGDM and MBA based on their ranking, curriculum, fees, placements, etc. Below is the list of some general parameters showing the difference between MBA and PGDM programs.
| Parameters | MBA | PGDM |
|---|---|---|
| Full Form | Master in Business Administration | Post Graduate Diploma in Management |
| Course Level | Post Graduate Degree | Post Graduate Diploma |
| Duration | 2 year | 2 year |
| Eligibility | A bachelor’s degree with a minimum of 50% marks from a recognized university in any discipline. | A bachelor's degree in any discipline from a recognized institute. |
| Accreditation | University Grants Commission (UGC) | All India Council for Technical Education (AICTE) |
| Focus | Focus on theoretical and technical aspects of business management | Focus on practical knowledge and industrial orientation |
| Affordability | More Affordable | Expensive |
Difference Between MBA and PGDM
Both MBA and PGDM programs teach management skills but there are a few differences between MBA and PGDM courses. The key differences between MBA and PGDM courses are discussed below:
- MBA is a degree program whereas PGDM is a diploma.
- MBA comes under UGC while PGDM comes under AICTE.
- PGDM programs are more industry-oriented while MBA programs are more theoretical in approach.
See Also:
MBA vs PGDM: Eligibility
The basic eligibility criteria for MBA and PGDM courses are listed below.
- For admission to both MBA and PGDM courses, candidates must have completed a bachelor’s degree with a minimum of 50% aggregate marks in any discipline.
- Candidates need to qualify for the national-level or university-level entrance exam to get enrolled in popular b-schools in India.
- Some management programs also require prior work experience before admission.
See Also: MBA Eligibility
MBA vs PGDM: Affiliation and Accreditations
MBA programs are offered by the government or private colleges affiliated with recognized universities that are accredited by the University Grants Commission (UGC).
PGDM programs are offered by autonomous institutes that are accredited by the All India Council for Technical Education (AICTE).
MBA vs PGDM: Admission and Entrance Exam
The admission process for both MBA and PGDM are almost the same. Academic qualifications, entrance examinations, and interviews are the general steps involved in admission to MBA and PGDM programs.
See Also:
| MBA GD PI Preparation | MBA Admission without Entrance Exam |
| MBA Admission through CAT | Is MAT tougher than CMAT? |
MBA and PGDM Admission Process
Admission to MBA programs is done based on various MBA Entrance Exams, including CAT, MAT, GMAT, XAT, SNAP, CMAT, etc. Some colleges also accept scores of state-level entrance exams such as MHT CET, TSICET, TANCET, and PGCET.
- Registration and completing the application form.
- Appear for a management entrance exam.
- Taking GD and PI rounds.
- Counseling for final seat allotment.
Also Check:
MBA vs PGDM: Syllabus
The Syllabus of an MBA program is designed by the university with which the college is affiliated. The MBA syllabus provides a theoretical approach and it remains the same for almost 3-7 years. Mentioned below are the general topics covered in the syllabus of the MBA.
Check: MBA Subjects
| Finance Management | Marketing Management |
| Business Statistics | Organizational Behavior |
| Project Management | Principles of Accounting |
| Human Resource Management | Business Communication and Skills |
The PGDM Syllabus is designed by the institutes. The syllabus of PGDM covers practical and more updated concepts than the MBA. The PGDM syllabus changes rapidly based on the industrial need.
Some general topics covered in the syllabus of PGDM are listed below.
| Marketing and Consumer Behavior | Introduction to Information Technology |
| Financial Reporting and Analysis | Operations Management |
| Strategic Management | Business Law & Corporate Governance |
| Finance Accounting | Management Information Systems |
MBA vs PGDM: Fees
- MBA courses are less expensive than PGDM because MBA courses are offered by universities and colleges, the majority of which get funds from the government.
- PGDM courses are more expensive than MBA programs because the institutions that provide them often cover all of the expenses on their own.
- The PGDM course fees range from INR 10,00,000 to INR 35,00,000 whereas the MBA course fee ranges from INR 10,00,000 – INR 25,00,000.
See Also:
MBA vs PGDM: Placements
The placements of MBA and PGDM offered in the top colleges are given in the following section.
MBA Placements
| College Name | Average Annual Salary |
|---|---|
| IIM Calcutta | INR 34,00,000 |
| ISB Hyderabad | INR 34,70,000 |
| IIM Bangalore | INR 33,80,000 |
| FMS Delhi | INR 32,40,000 |
| SP Jain Institute of Management and Research | INR 32,00,000 |
Check:
PGDM Placements
| College Name | Average Annual Salary |
|---|---|
| Institute of Management Technology Ghaziabad | INR 17,35,000 |
| XLRI Xavier School of Management | INR 32,70,000 |
| Birla Institute of Management Technology | INR 11,25,000 |
| SP Jain Institute of Management and Research | INR 33,02,000 |
| GLIM Chennai | INR 14,50,000 |
| Jaipuria Institute of Management, Jaipur | INR 11,49,000 |
MBA vs PGDM: Jobs and Salary
Mentioned below are the top job options available after completing MBA and PGDM courses with average annual salaries.
Jobs and Salary After MBA
Here is a list of top job profiles and the average annual salary offered after pursuing an MBA program.
| Job Profile | Average Annual Salary |
|---|---|
| Accounting Manager | INR 7,21,000 |
| Human Resource Manager | INR 6,60,000 |
| Marketing Manager | INR 7,00,000 |
| Business Development Manager | INR 5,70,000 |
| Senior Business Analyst | INR 11,60,000 |
Jobs and Salary after PGDM
The top job profiles available after completing a PGDM course are listed below.
| Job Profile | Average Annual Salary |
|---|---|
| Business Consultant | INR 9,40,000 |
| PR Officer | INR 2,50,000 |
| Strategic Manager | INR 19,88,000 |
| Brand Manager | INR 12,00,000 |
| International Sales Manager | INR 10,00,000 |
Top Colleges Offering MBA/PGDM
The top colleges offering MBA and PGDM courses are listed below with their average annual fees.
Top MBA colleges
Below is the list of top colleges offering MBA courses with their average annual fees.
| College Name | Average Annual Fees |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Bangalore | INR 23,00,000 |
| IIM Calcutta | INR 23,00,000 |
| IIT Delhi | INR 10,40,000 |
| IIM Kozhikode | INR 9,50,000 |
| IIM Lucknow | INR 10,05,000 |
Check: Top MBA Colleges in India
Top PGDM Colleges
Mentioned below are the top colleges offering PGDM courses with average annual fees.
| College Name | Average Annual Fees |
|---|---|
| Institute of Management Technology Ghaziabad | INR 19,53,000 |
| XLRI Xavier School of Management | INR 12,90,000 |
| SP Jain Institute of Management and Research | INR 20,42,000 |
| Birla Institute of Management Technology | INR 13,00,000 |
| GLIM Chennai | INR 18,75,000 |
| Jaipuria Institute of Management | INR 5,70,000 |
| Ramaiah Institute of Management, Bangalore | INR 8,00,000 |
MBA vs PGDM: FAQs
Ques. What is an MBA program?
Ans. The MBA program is a two-year postgraduate degree program that provides knowledge of business management.
Ques. What is a PGDM program?
Ans. PGDM is a two-year postgraduate program that provides practical and industry-oriented skills required for managing a business.
Ques. Is PGDM equivalent to MBA?
Ans. PGDM is a postgraduate diploma program that is equivalent to an MBA program.
Ques. What is the difference between an MBA and a PGDM?
Ans. MBA is a postgraduate degree while PGDM is a postgraduate diploma program.
MBA is offered by the recognized university while PGDM is offered by the AICTE.
Ques. Is a PGDM better than an MBA?
Ans. The PGDM program is more industry-oriented than the MBA program. So a PGDM is better than an MBA in terms of job opportunities.
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