This blog aims to delve deep into the aspect of Online PGDM vs Online MBA: Which is better for You?
Both programmes aim to equip the learners with the skills and knowledge of business administration and management. Online PGDM and Online MBA impart learning in industry-oriented curricula to equip learners with problem-solving and other business acumen.
Both the Online MBA and Online PGDM impart learning to students to make them skilled in solving real-world problems more efficiently and effectively.
As far as the Online PGDM vs. online distance MBA/Online MBA debate is concerned there appear to be more similarities rather than differences.
Online PGDM is offered by autonomous Institutions who, from the standpoint of recognition, enjoy prestige, reputation and brand name, in their own right, as these courses are the coveted ones.
Autonomous institutions, under their autonomy, are more convenient to integrate the curricula with the latest tools and techniques swiftly.
Autonomous Institutes offering the Online PGDM, usually have accreditation from the National Board of Accreditation (NBA). Mostly they also take the membership of the Association of Indian Universities(AIU).
In India, the Online distance MBA/Online MBA programmes are offered by renowned Online Universities which are University Grants Commission (UGC) entitled and approved by the All India Council of Technical Education (AICTE).
The prestigious Online Universities offering MBA courses(Online MBA programmes) also enjoy highly valued accreditation from the National Assessment and Accreditation Council(NAAC).
The National Assessment and Accreditation Council (NAAC) grades the educational institutions in categories, viz. A, B, C and D, denoting Very Good, Good, Satisfactory and Unsatisfactory levels respectively for offering MBA distance education and other UG/PG programmes in India.
Online MBA provides the opportunity for the students to learn anytime, anywhere with round-the-clock access to the recorded lectures from the renowned faculties.
The unique feature of distance MBA course/Online MBA is conducting Semester examinations in the Web-Proctored mode.
MBA distance education in Online mode allows freedom to take exams anywhere without visiting the examination centres.
Association of Indian Universities(AIU):
Way back in 1967, the Inter-University Board was registered under the Societies Registration Act, of 1860 and was coined as the Association of Indian Universities(AIU) in 1973—the Govt. Universities, Private Universities and Institutes of national importance are its members. Also, a few of the foreign educational institutes are its associate members.
Postgraduate Diploma in Management (PGDM) Programme Universities and other Central, State, deemed-to-be, Private Universities and Institutes of National importance seek the membership of the Association of Indian Universities(AIU). Besides, certain foreign Universities are also its elite associate members.
The association of Indian University(AIU) accords equivalence of 2-year full-time Postgraduate Diploma in Management awarded by the autonomous Institutions approved by the All India Council for Technical Education(AICTE)
& accredited by the National Board of Accreditation(NBA).
AIU’s Parameters of Equivalence of PGDM :
The equivalence of the PGDM course is accorded subject to fulfilling the following parameters:-
- On applying for the Association of Indian Universities(AIU) equivalence and furnishing of the requisite information/details by the Institute, as prescribed by the Association of Indian Universities(AIU).
- The Postgraduate Diploma in Management (PGDM) Programme offered by the concerned Institute has due approval of the All India Council for Technical Education (AICTE), New Delhi.;
- A Minimum of Two Batches of the Postgraduate Diploma in Management (PGDM) Programme must have cleared successfully from the concerned Institute
- The Postgraduate Diploma in Management (PGDM) Programme must have been duly accredited by the National Board of Accreditation (NBA).
National Board of Accreditation (NBA):
In the Washington Accord of 2014, the National Board of Accreditation (NBA) has been accorded permanent Signatory status. NBA accepts the education providers in the category of Tier 1 Institutions and the programs offered by such institutions accredited by NBA are recognised by other signatories of the accord.
Students earning the degrees by enrolling in a course only during the period of validity of accreditation are recognised as NBA-accredited degrees.
MDI Gurgaon’s Online PGDM :
The renowned and prestigious MDI, Gurgaon, offers Online PGDM, a 2-year programme in online distance learning mode. This Online PGDM programme is approved by the All India Council of Technical Education, Government of India.
This Online distance learning programme, offers the learners the opportunity to equip themselves with management tools and techniques to impart education with a holistic business perspective from anywhere in the globe without causing a break in their career.
The last date for submission of application for the Online PGDM programme from MDI, Gurgaon is Jan. 10, 2024.
Online PGDM courses’ fee structure :
At MDI Gurgaon, the fee for the Online PGDM course is Rs. 8,95,000/-.
Eligibility for the online distance learning, PGDM courses in MDI Gurgaon :
A candidate should have a Bachelor's Degree (Minimum 4 years duration), with at least 50% marks or equivalent CGPA in any discipline from any University recognized by the AICTE/AIU/ Ministry of HRD, Government of India.
A candidate should have scored a minimum of 50% marks in 10th, 12th and graduation (of a minimum of 3 years duration) respectively from a recognised board/University.
Besides, a candidate should have a minimum work experience of 24 months after completion of his Bachelor’s degree to be eligible to enrol on PGDM courses.
For admission to the PGDM courses, proficiency in the English language is also required.
MDI’s Scholarships in Online PGDM Programme :
A scholarship of INR 10,000 each is awarded to the top two participants of each module for the first eight modules in Online PGDM at MDI, Gurgaon.
Online PGDM in online distance learning, comprises two years of experiential learning. Eight modules of six weeks each are covered in the first year & in the second year Elective courses are offered in three modules of 12 weeks each. Students can choose any one of the following specialisations in the final year.
Functional areas of Specialisations:-
The functional areas of specialisation are
- accounting and finance
- Operations Management
- Organisational Behaviour and
- Human Resource Management
- Information Management
- Strategic Management
- Business Analytics and
- Energy Management
The participants of the Online PGDM have to earn a minimum of 20 credits offered by that area for a major specialisation and 16 credits for a minor specialisation offered by that Area. Thus, the participants of the Online PGDM must earn a minimum of 36 credits from elective courses.
Online MBA Master vs Online PGDM: What is best for you?
- For those candidates who wish to pursue MBA courses from an accredited Online University, an Online MBA master's is the best for it is recognized globally.
On the other hand, most of the Online PGDM programs are offered by autonomous institutes and business schools, and may not be recognized by all the institutions.
-Online MBA programs have a more structured curriculum than the Online PGDM programs. Online PGDM programs observe more flexibility in altering the curriculum as per the market and industry needs.
-Both the MBA distance education/ Online MBA & the Online PGDM programs are coveted and most sought after as both lay emphasis on experiential learning, however, the Online MBA places a bit more stress on theoretical aspects of learning.
-Both the MBA distance education/Online MBA and Online PGDM ensure high-paying jobs for committed learners in the areas of business development, consulting and entrepreneurship.
The various Online MBAs with specialisations in Human Resource Management, Marketing and Sales, Business Analytics, Finance and Supply Chain Management, open a plethora of vistas for ensuring smooth career progression.
Online PGDM also has a plethora of career opportunities in the domains of Entrepreneurship, International Business, E-commerce, Digital Marketing, Sales and Business Development and investment banking/Wealth management.
-Candidates after completing the distance MBA course/Online MBA & Online PGDM get the job roles as Management Consultant, Product Manager, Project Manager, Business Analyst & Investment Banker and earn decent pay packages in India.
The robust regulatory regime of the University Grants Commission-Distance Education Bureau(UGC-DEB), National Institute of Ranking Framework(NIRF), the National Assessment and Accreditation Council(NAAC), National Board of Accreditation(NBA), lay down yardsticks for granting accreditation, recognition and the rankings to the educational Institutions.
MBA colleges in India provide an array of industry-related specialisations during the MBA programmes.
The team of expert counsellors of the Distance Pathshala offer free-of-cost guidance to young aspirants and working professionals for getting enrolled on cost-effective Distance learning UG/PG programmes being offered by premier Online Universities in India.
The students seeking Online programmes must feel free to connect with the seasoned counsellors of the Distance Pathshala to enrol themselves in the best Online programmes that are well within their budget.