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Admission in Top MBA_PGDM Colleges in India.
A Masters in Business Administration (MBA) is a degree course offered by the colleges affiliated to the universities while the Post Graduate Diploma in Management (PGDM) is a diploma course offered by the institutes that are recognized by the All India Council for Technical Education (AICTE).
Many students have confusion in their mind on PGDM course and it's comparison with MBA. This forum discussion will try to elaborate the difference between these two.
PGDM
PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI's doesn't offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. On similar lines AICTE (All India Council for Technical Education) is allowing approved colleges to run a PGDM course. Some Business Schools offering this AICTE PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE, Ministry of HRD, and Govt of India.
The Master of Business Administration (MBA) is an internationally-recognized degree designed to develop the skills required for careers in business and management. The value of the MBA, however, is not limited strictly to the business world. An MBA can also be useful for those pursuing a managerial career in the public sector, government, private industry, and other areas.
MBA is a course which gives you a broad spectrum of managing your vocation, be it, engineering, finance, marketing, self-employment or any industry. Though manufacturing, production, services are the main in industries/companies, how to enhance the marketing of your products/services, how to improve the financial ability of your business/company, how to manage and improve the employee-employer relationship in an organization for better results are the key factors that u would be undergoing in the MBA course. So a degree with MBA from a reputed university will be of much value to your career.
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MBA Specializations Offered in India
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