Business Management Studies

Hi,
Post Graduate Diploma in Management (PGDM) or Post Graduate Programme in Management (PGPM) or Masters in Business Administration (MBA) are both management courses at Masters level. Both the courses have a commercial orientation and it's difficult to differentiate between the two. MBA and PGDM are both business orientated courses.The main aim of the courses is to equip a person who wants to move up in the hierarchy and enter in to the management field, says Shiksha expert Nikhilesh Mathur. While both the courses have same outcomes in terms of employment prospective, there are some subtle differences.
*Degree vs Diploma:
At the end of PGP and PGDM course, candidates are offered a Diploma. However, at the end of an MBA programmes, candidates receive a degree.
*Syllabus:
In most cases, MBA course curriculum is designed by the university. The core syllabus (and sometimes even elective subjects) will be pretty much same in two MBA colleges under the same university. However, PGPM or PGDM courses are determined by the individual institute. This gives certain flexibility to the course curriculum. Syllabus undergoes a change according to industrial requirements every year.
*Focus-
Both MBA and PGDM courses have common core subjects. However, some experts claim most MBA courses focus more on theoretical and technical aspects of management rather than adopting a practical approach.
* Cost Factor-
It has been observed that most MBA courses have lower tuition fees as compared to PGP or PGDM courses.