You must have been trying to know about MBA and PGDM. While planning for a management degree, you should know the difference between these two programs to make a wise decision.
MBA stands for Masters of Business Administration, while PGDM for Post Graduate Diploma in Management. Offered by B schools, these programs are intended for a successful career in management. Here are some fundamental differences between these programs that an aspirant must be aware of:
Degree vs Diploma
A government-affiliated college or private university can offer an MBA program. These universities are the only ones that can grant degrees.
AICTE-recognized business schools and autonomous institutes or colleges offer PGDM programs under the guidance of the Ministry of Human Resource Development (HRD). UGC has less involvement with PGDM courses in comparison to MBA degrees.
MBA programs generally have a set curriculum. There is some rigidity in curriculum revisions to keep up with economic and industry changes. The PGDM curriculum can, however, be modified or updated at the B school’s sole discretion.
MBA courses are conducted at colleges and universities, which receive grants and recognition from UGC or government subsidies. Fees are generally lower than PGDM programs because colleges and universities offer them. Undoubtedly, PGDM programs require a significant investment of capital. The result is evident in the expensive program fees borne by institutes and independent business schools running PGDM campus programs.
Criteria for Entrance Exam:
Both programs accept scores from competitive exams such as the CAT, MAT and GMAT. Many colleges and universities accept scores from state-based tests like the MAHCET or PGCET, TSICET, & TANCET for MBA programs. Some top schools conduct their tests, for example – XAT (XLRI), Symbiosis (SNAP) and IIFT.
PGDM schools mostly do not fix a definite cut-off for admission, but a suitable score threshold for shortlisting depends on other factors like professional achievements, relevant experience and academic performance.
MBA & PGDM at NIET, Greater Noida
MBA is a full-time two-year course divided into four semesters. AICTE, New Delhi, has approved the program and is affiliated with Dr A.P.J. Abdul Kalam Technical University in Lucknow. The National Board of Accreditation (NBA) has also accredited the course. The MBA program is committed to providing professional experience through education and industrial exposure.
PGDM course at NIET is recognized by AICTE, New Delhi. The course duration is 2 years, divided into six semesters. Course curriculum is in accordance with the changing industrial demands. Students enrolled in the course learn the skills that make them grab good salary packages.
Educational Objectives of MBA at NIET
This two-year, full-time MBA program is designed to achieve the following educational objectives:
- The management program graduates will be able to apply management principles in professional settings and have the conceptual knowledge to adapt to a rapidly changing environment.
- Graduates will use the appropriate tools to make decisions to solve complex managerial problems within a local or global context.
- The management program graduates will be able to demonstrate integrity, social responsibility and teamwork.
- Graduates will have a strong sense of ethics, leadership qualities, and a creative and innovative entrepreneurial mindset.
Educational Objectives of PGDM at NIET
PGDM course at NIET is designed to meet the below educational objectives:
- PGDM program is focused on helping the students get the best career path so that they become industry ready after the course completion.
- Program is designed by the professionals to deliver experiential knowledge.
Apart from these, NIET, Greater Noida, has a successful record of placements over the years. It has been recognized as the best MBA college for placements in NCR. The students with MBA or PGDM degrees from this college are placed in good managerial roles at top MNCs and organizations globally. If you are also looking to ace your career in this dynamic field, then get in touch with the college today.
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