Want to pursue a course abroad and getting confused between PGDM vs MBA: which one is best for you? WE ARE HERE FOR YOU! Many universities prioritize English proficiency tests in abroad. Read this blog to know about PGDM and MBA along with their differences, eligibility criteria and career possibilities.
Read this: Look at These Outstanding Courses to Study Abroad in 2023!
About PGDM:
PGDM stands for Post Graduate Diploma in Management. It is a diploma program that focuses on gaining managerial expertise in a variety of fields, including finance, marketing, human resources, operations, and more. Business schools and management colleges provide PGDM programs.
Students who complete the program will have an understanding of business management concepts and procedures. It often consists of a mix of lectures in the classroom, case studies, discussions in groups, assignments, and internships.
The PGDM curriculum is designed to provide students with the tools they need to address everyday business difficulties and position them for management positions across a range of sectors.
About MBA:
Master of Business Administration, or MBA. It is a graduate degree program that focuses on gaining information and abilities regarding numerous business and management-related topics.
A wide range of topics, including finance, marketing, human resources, operations, and strategy, are covered in the program.
An MBA is highly recognised in the business world and is frequently looked for by people looking for a shift in their career path, entrepreneurial chances, or advancement in their jobs. It gives graduates a solid basis in business concepts and trains them for leadership positions in a range of businesses and organisations.
Difference Between PGDM and MBA
| Serial Number | Basis | PGDM | MBA |
| 1. | Program Focus | Emphasises practical and industry-oriented training with a focus on developing managerial skills. | Provides a broader and more theoretical approach to business education, covering a wide range of subjects related to management and administration. |
| 2. | Authorization | Usually provided by independent organisations or private business schools. | Offered by universities or other higher education institutions. |
| 3. | Duration | 1 to 2 years | 1 to 2 years |
| 4. | Specialisations | Provide a variety of specialisation choices, allowing students to specialise in fields like finance, marketing, human resources, etc. | Offers a wide selection of specialised programs from which to choose, allowing students to concentrate on certain areas of interest. Widely recognised globally, especially in Western nations, and holds higher status in some sectors. |
| 5. | International Exposure | Some PGDM programs offer international internships, collaborations, or exchange programs to provide global exposure. | Many MBA programs have a strong emphasis on international perspectives,frequently including study tours, intercontinental business trips, and international business competitions. |
Eligibility for PGDM and MBA for Study Abroad:
1. Education requirements:
Most colleges demand a bachelor’s degree from a recognised school or its equivalent. Although the degree can be in any field, some colleges may have particular requirements for business or management courses.
2. Job Experience:
Particularly for MBA programs, certain colleges favour applicants having job experience. Depending on the institution and the particular program, the amount of work experience needed might range from a few years to none at all.
3. Admission Tests:
Standardised admission tests, like the GMAT (Graduate Management Admission Test) or the GRE (Graduate Record Examination), are required by many colleges. These tests evaluate your verbal, quantitative, and analytical abilities. Additionally, the CAT (Common Admission Test) and other admission tests for certain nations may be accepted by some colleges.
4. English Proficiency Tests:
Universities generally demand proof of English language competency because the medium of teaching for these programs is frequently English. Unless English is your natural language or you have finished your prior education in English, you may be required to submit scores from exams like the TOEFL (Test of English as a Foreign Language) or IELTS.
5. Letters of reference:
Many institutions demand letters of reference from someone who can attest to your skills, credentials, and potential as a student. These individuals may be academic or professional referees.
6. Statement of Purpose:
You might be required to provide a personal statement or statement of purpose outlining your reasons for applying to the program as well as your professional aspirations.
7. Resume/CV:
It’s common to be asked for a thorough resume or curriculum vitae that highlights your educational and professional experiences.
Career Possibilities After Completing the Course:
PGDM
- Sales Manager
- Business Analyst
- Export Manager
- International Marketing Manager
- Product Manager
MBA
- Digital Marketing
- Machine Learning
- Artificial Intelligence
- Data Science
- Social Media Marketing
- Brand Management
- Sales & CRM
- Enhancing the English Language
- Entrepreneurship Foundation for Family Business
- Inspirational Leadership
- International Organisations Management
- Personality Types at Work
- Digital Product Management
- Business Strategy
- Professional Skills for Businesses
- Digital Age Intelligence Tools
- Risk Management
- Financial Markets
- Project Management
- AI for Businesses
Know More: Choose Which is the best test for Pursuing MBA: GRE vs GMAT
What distinguishes the MBA from the PGDM?
A postgraduate diploma offered by a private college or university that is connected with AICTE is known as a PGDM, while an MBA refers to a management degree awarded by a university.
What is more valuable, an MBA or a PGDM?
The course curriculum, the institute’s standing and reputation, and the cost of an MBA or PGDM are taken into account.
Which Indian PGDM college is the best?
An excellent management school for the PGDM program is Great Learning or Great Lake Management Studies.
