This is the commonly asked question from the graduates,I come across who are aspiring for management courses.
PGDM(Post graduate diploma in management) or MBA(Masters in business administration) , both the courses have a commercial orientation. The main aim of these courses is to equip a person with the skills to move up in the hierarchy.While both the courses have same outcome in terms of employment prospective,there are some tenuous difference.
1)PGDM is a diploma course whereas MBA is a degree course.
2)In most cases MBA curriculum are designed by university and are normally upgraded after 3 to 4 years whereas PGDM courses are designed by individual institute which gives them the flexibility to upgrade the course when required keeping in mind the current corporate/industrial requirements.
3)As per some industry experts,MBA courses focuses more on theoretical aspect of management,whereas PGDM courses focuses more on practical and skill based learning.
4)It has also been observed that most MBA courses have lower tuition fees as compared to PGDM courses.This is most because of MBA degrees been awarded by universities receive financial aid and grants from the government making the degree less cheaper for the students.