Difference between MBA and PGDM: Know about Duration, Accreditation and Fees

Important points to note:

1. On the successful completion of the courses,students enrolled in MBA and PGDM are likely to get attractive packages.
2. MBA is completely a 2 year course while PGDM is 1 year or 2 year depending on the type of course.

Popular MBA entrance exams like CAT 2017, IIFT 2017, XAT 2018, NMAT 2017, SNAP 2017 etc.are already out and scheduled in the coming two-three months. Also,the students are looking for the best MBA and PGDM colleges. It is the best time for the candidates to figure out the best MBA course and the best MBA colleges or the best PGDM course and the best PGDM colleges.

MBA AND PGDM : Major differences:-

Difference between MBA and PGDM courses:

	MBA	PGDM
Institute Type	Colleges affiliated to a university can offer MBA degree for the business courses offered by them.	It  is a free body and is not affiliated to any university.
Duration of Course	MBA courses provided by universities are 2-year long courses.	PGDM courses can be either 1-year long or 2-year long depending on the type of programme.
Curriculum	MBA course norms are dependent on the university .	PGDM courses are quite flexible as they are provided by autonomous institutes.
Focus of the Course	An MBA course focuses on developing the business and technical knowledge of a student.	PGDM course focuses on preparing the students for real life situations so that they can come up with feasible solutions.
Fee Structure	MBA is a more affordable programme and requires considerably less amount of funds .	PGDM programmes are quite expensive and the cost can vary between 6 and 20 lakhs.

Some astonishing facts that have come out lately about MBA placements.

• As per All India Council for Technical Education, popularly referred to as the AICTE, a majority of MBA graduates in India are struggling for jobs.
• On the other hand, a decline of 12% was witnessed in the case of PGDM holders getting jobs in comparison to last year.

MBA is something which every candidate who enters into it desires to reach a level into it. So is in the case of PGDM. Although both are different in some sense, but are very difficult to achieve.