Calcutta Business School, ranked 4th among top B Schools of Kolkata by Careers 360 and also ranked 14th best B School in East Zone by Business Today in 2018, offers a full time 2 year autonomous PGDM Programme in Management approved by AICTE. Often, while counseling and talking to students, a frequently asked question is what is the difference between a PGDM Programme and a conventional MBA exactly? The second often asked question is, which one is better?
The main reason why Post Graduate courses are named as PGDM is because , when an institute is an autonomous body ( not affiliated to any University) and conducts management courses, then such institutes cannot offer a MBA degree. Even IIMs, XLRIs do not offer MBA, they only give a PGP Diploma. These PGDM institutes are recognized by All India Council for Technical Education (AICTE) and if they are accredited by Association of Indian Universities (AIU), the course becomes equivalent to MBA. However, it is important to note that when a student studies MBA, he/she will be studying more of theoretical aspects of management. MBA institutes follow a fixed curriculum as it is based on the University guidelines; but a student pursuing a PGDM Programme will be gaining a more extensive and wider knowledge as autonomous institutes do not follow any University rule or standard. Also, PGDM Programmes are more industry oriented, practical and industry aligned. The courses are updated and changed frequently as per the market demand , industry standards and change in the business environment. PGDM Programmes prepare students for senior level positions in a company. There are a few reasons why one needs to consider a PGDM Programme : 1. A gateway to entrepreneurial and business skills. 2. it offers several specialized courses and electives. 3. Interaction and training sessions with industries .
MBA Programmes on the other hand are upgraded every 3-5 years on an average and hence, they often become outdated. Companies in India, however, do not discriminate much between the two. They focus more on the student’s knowledge and zest for learning, brand value of the institute of passing and requirement of the company at that particular point.