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.
AIMA
PGDM or PGPM course is a certificate programme, AIMA stands for All
India Management Association an apex body which conducts MAT
examination. AIMA also offers PGDM which is clearly mentioned as a
course approved by AICTE and Distance Education Council. There is a lot
of difference between AIMA PGDM & AICTE PGDM.
MBA
A two year management degree expands to Master of Business Administration, only Universities can grant MBA degrees. It could be a recognized foreign university or an Indian University.
We have written a blog post earlier on MBA VS PGDM Title, you may like
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 and the Business Schools offering this PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE.
Advantages of Autonomy
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 and the Business Schools offering this PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE.
Advantages of Autonomy
When
an Institute secures autonomy they design their own curriculum to be
taught instead of following outdated University syllabus. I have
mentioned outdated syllabus because the syllabus change at University
level happens once in either 3 or 5 years. Technically syllabus change
affects university affiliating colleges, the books needs to be revised
and the faculty needs to upgrade themselves. Where as in PGDM, since the
colleges have autonomy the curriculum can be updated regularly
depending on the need in Industry without approval from any University.
Hence one can say that PGDM courses are more Industry relevant, up to
date as compared to MBA courses. There are some universities which stand
ahead of the autonomous colleges such as the Delhi University, Banaras
Hindu University etc.
Word of caution
While opting for PGDM courses, students must exercise caution and check the accreditation status of the college. Colleges offering PGDM courses needs to be accredited by AICTE. In case of MBA, the colleges are affiliated to an University and Universities are controlled by University Grants Commission (UGC) and the colleges may also get accredited by AICTE. According to a recent supreme court verdict, UGC recognized MBA programmes need not have AICTE approval.
While opting for PGDM courses, students must exercise caution and check the accreditation status of the college. Colleges offering PGDM courses needs to be accredited by AICTE. In case of MBA, the colleges are affiliated to an University and Universities are controlled by University Grants Commission (UGC) and the colleges may also get accredited by AICTE. According to a recent supreme court verdict, UGC recognized MBA programmes need not have AICTE approval.
Is PGDM equal to MBA
Not necessarily that a PGDM is equal to MBA because PGDM is to be equivalent to MBA then the college offering the PGDM course must have accreditation from AIU (The Association of Indian Universities).
Not necessarily that a PGDM is equal to MBA because PGDM is to be equivalent to MBA then the college offering the PGDM course must have accreditation from AIU (The Association of Indian Universities).
AIMA PGDM VS AICTE PGDM
MBA
A two year management degree expands to Master of Business Administration, only Universities can grant MBA degrees. It could be a recognized foreign university or an Indian University.
We have written a blog post earlier on MBA VS PGDM Title, you may like
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