PGDM and MBA are both courses pertaining to the business field. While MBA is the abbreviation for Master in Business Management, PGDM is the abbreviation for Post Graduation in Business Management.
MBA program helps one to sharpen their skills and potential in management. It is a degree program and has several opportunities in the business field. It comes as a 2year course and some Schools provide it as a 1 year integrated course after the bachelors program. Most people prefer doing MBA after doing their graduations since it has a great opportunity and it offers a high salary to the candidates. If you are aspiring for lucrative jobs in big corporate, doing MBA will be the best.
Post Graduation Diploma in Management is similar to MBA and its main defect is it is a diploma program. It ranks to be among the top 10 in the country and this program specializes in finance, marketing, operations and information management. The stress given to a candidate having PGDM is his ability to change theories into practice. It mainly deals in promoting an analytical and inquiring mind, which needs the appropriate skills, right knowledge and the right attitude in promoting developing capabilities to control and manage the enterprise to the standards of 21st century. This program has been started before 27 tears and many successful alumni who are working in senior positions all around the world.
MBA is meant for people desiring managerial roles in their carrier. MBA involves supervising, decision-making and motivating employees in a good manner. A marketing manager must have the skills and effort to manage properly an enterprise. There are various fields in MBA such as marketing MBA, operation MBA and economic MBA etc. this is for the need that MBA in required by every enterprise to take decisions in managerial positions. A person can choose from any of the streams in according to the field that they are interested. MBA primarily focuses on business techniques, management technique, leadership skills etc.
While PGDM and other courses related with it such as EPGDM is the diploma program meant for personnel seeking a career boost. The program generally is designed for people who have the general awareness of organizations and the business situations who needs the managerial knowledge to the present stage. They will study how to sharpen their diagnostic abilities.
Lot of people who are working with their graduate field does opt for PGDM or MBA. This will enable them to gain more salary for the added qualification. They will have more experience than fresh students going after the graduation will. PGDM has produced some of the best executives and leaders in the business field who have taken their organizations to a new level. So many companies have started doing induction programs just to take fresh graduates just to bring out their hidden talents and abilities. Such candidates will get sponsorships to carry out their PGDM study.
While comparing with MBA and PGDM, MBA is more outstanding and have more exposure to the market. MBA is more salary producing than PGDM. MBA is a degree program while PGDM is a diploma program.