PGDM Vs MBA: Which is Better for Placements?

PGDM Vs MBA: Which is Better for Placements?
Bangalorestudy
9 months ago
PGDM Vs MBA: Which is Better for Placements?

Deciding on a career is a necessary step to take. As a student, to think about what profession to choose can be a daunting task. 

From choosing the right college to the right career, a student must take their steps very carefully. After graduation, there is a career sprint for jobs among students. During these times, many students struggle to get placed in a reputed company for a job. 

Indian students look forward to choosing the most demanding career field that has a higher scope. In India, the most preferred career of all time is the management career. 

Every year, lakhs of students enroll themselves in management colleges and B-schools. Among many management courses, MBA is the most sorted among all. 

The popularity of an MBA course among students is increasing every day. With the development in the management sector and entrepreneurship opportunities in India, the MBA course has gained enormous popularity and demand. 

Earlier, students were introduced to MBA only and the opportunities it provides in India and abroad. 

However, today the MBA course has an alternative course known as PGDM. PGDM has gained equal popularity and demand among students. 

Though both MBA and PGDM courses teach students about the managerial and leadership positions and their importance, both have a level of difference academically. 

When it comes to placement, students need to understand which is better. Firstly, let's introduce ourselves to PGDM and MBA! 

What is an MBA?

MBA or Master in Business Administration is a 2-year post-graduation course approved by University Grants Commission (UGC). 

There are more than 6,000 universities and colleges that offer MBA courses. These colleges and universities take 5 to 10 years to change the MBA course curriculum. 

Choosing to study MBA allows students to earn a high paid salary. MBA placement has valuable acumen in the business field. 

MBA course is offered by recognized institutions or universities. Moreover, it has many specializations. 

Students can select any specialization from the MBA courses list offered at the colleges. 

A candidate with a graduate bachelor's degree under any discipline with at least 50% marks in aggregate from a recognized university is eligible for an MBA course. 

What is PGDM?

PGDM or the Post Graduate Diploma in Management is a 2-year diploma course offered by autonomous colleges and universities B-schools in India. 

A Post Graduate Diploma in Management (PGDM) is similar to an MBA degree. PGDM is offered as part-time or as distance education. PGDM course is offered by state and central universities as well.

The curriculum of MBA and PGDM are similar. PGDM follows a more practical approach to management training. 

A candidate with a bachelor's equivalent degree with a minimum of 50% aggregate marks or equivalent from a recognized university in India or abroad is eligible to apply for the PGDM course.

All About Placement Cells of Colleges/ Universities:
Professional Panel Members: 

The university and college placement cell has qualified members to help students in placement and career after graduation. 

Students will feel comfortable and clear their doubts regarding job opportunities to the members. 

Placement Guidance:

Students will have an opportunity to receive guidance from the placement cell. The students are trained on various levels through the entire placement process. 

The institute may focus on the personality development of students and prepare them for interviews. 

Vast Opportunity: 

A placement cell will allow aspiring students to have many career options. They will have an idea about various industries and MNCs that hire them. It becomes easier for a student to choose the best. 

Industry Knowledge: 

After graduation, students may not have practical knowledge about the working industry. In placement cells, professionals and teachers guide and educate students about the industry and its function. This becomes a valuable addition for students to make career decisions. 

Management aspirants can check if the college or university they are applying for, has a placement cell. 

Since the MBA and PGDM are valuable courses, students need to have a neat career path. 

Placement cells will be useful to build their career. Students can compare and analyze what is best for them. 

Top MBA Colleges:

In India, there are around 10 top-ranking institutes that provide the best MBA teachings with exposure. 

Apart from India, the top-ranking institutes are from abroad countries. Here are some of the top 5 institutes that rank for MBA in India. 

Colleges
Location
Indian Institute of Management (IIM) 
Ahmedabad
The Oxford College of Business Management
Bangalore
Management Development Institute (MDI) 
Gurgaon
Xavier School of Management (XLRI) 
Jamshedpur
Jamnalal Bajaj Institute of Management Studies (JBIMS) 
Mumbai
Top PGDM Colleges:

As PGDM Course offers syllabus based on the industry requirement, the teaching professionals and quality syllabus are very demanding. 

PGDM has become demanding over the years, due to which the ranking in India and abroad has risen. 

Here is the list of 5 institutes that ranks at the top in providing a PGDM placement:

Colleges
Location
Xavier School of Management (XLRI)
Jamshedpur
Institute of Marketing & Management
New Delhi 
Indian Institute of Social Welfare and Business Management
Kolkata
Prin LN Welingkar Institute of Management Development and Research
Mumbai

Job Prospects:

Placement plays an important role after completing the course. Placements hold the opportunities for students to use all the knowledge and skills in an industry or organization. With placement, students can put their skills to use practically

Students who are looking forward to building a strong career in management need to have better placement opportunities. 

There are many benefits of quality placement from a well-recognized college or university. Every recognized college and university has a placement cell for students. 

MBA Placement Opportunities at Top Colleges:

Indian Institute of Management (IIM), Ahmedabad:

The Indian Institute of Management (IIM), Ahmedabad is one of the finest institutes that provide an MBA course for aspirants. 

The placement opportunities for MBA is 100% at IIT, Ahmedabad. The placements are for more than 20 domains in management. 

A total of 153 companies offer 182 and more job profiles for students. MBA placements in IIT, Ahmedabad, include all the top companies for management positions. 

Internship:

Indian Institute of Management (IIM) Ahmedabad offers summer/ winter internships for students. 

Top Recruiters:

  • McKinsey 
  • MasterCard
  • The Boston Consulting Group 

Salary Highlights::

  • Average Salary: 26.13 LPA
  • Highest Salary: 55.88 LPA
The Oxford College of Business Management, Bangalore:

The Oxford College of Business Management in Bangalore offers all the requirements for placement. 

There are pre-placement activities that include turning and development programs for MBA graduates. 

There are more than 70 companies that provide job opportunities at The Oxford College of Business Management. 

Top Recruiters:

  • Oracle
  • Bosch
  • Airtel
  • Videocon
  • Quikr

Salary Highlights::

  • Average Salary: Rs. 2.9 LPA
  • Highest Salary: Rs. 6 LPA
Management Development Institute (MDI), Gurgaon:

Management Development Institute (MDI), Gurgaon is one of the top B-schools that provide an MBA course with excellent placement. 

Almost 126 recruiters have joined the placement cell to offer the best jobs for graduating students based on their skills and merit. 

Internship:

Management Development Institute (MDI) provides summer internships for all management students. 

The internship is offered in the field of Consulting, Information Technology, Finance, Hospitality, Real Estate, Sales & Marketing, Business Development, Marketing Strategy, Customer Relations, Digital Marketing, etc. 

Top Recruiters:

  • Abbott
  • American Express
  • Flipkart
  • Boston Consulting Group
  • Aditya Birla Group

Salary Highlights::

  • Average Salary: Rs.10.5 LPA 
  • Highest Salary: Rs. 21 LPA
Xavier School of Management (XLRI), Jamshedpur:

Xavier School of Management (XLRI) in Jamshedpur is well known for providing quality education in MBA. 

XLRI achieved a placement rate of 100%. The placement cell of XLRI has a 2-day recruitment process. There are around 108 recruiters who participate in domestic and international offers. 

Internship:

XLRI offers summer internships for MBA students from different recruiters in different sectors such as HR, Consulting, BFSI, Telecom/ Media, General Management, Manufacturing and Automotive, E-commerce/ Analytics. 

Top Recruiters:

  • Bajaj
  • Nestle
  • Accenture
  • Reliance
  • Coca Cola
  • Klynveld Peat Marwick Goerdeler (KPMG) 
  • PricewaterhouseCoopers (PwC)

Salary Highlights:

  • Average Salary: Rs. 22.35 LPA
  • Highest Salary: Rs. 24.30 LPA
Jamnalal Bajaj Institute of Management Studies (JBIMS), Mumbai:

Jamnalal Bajaj Institute of Management Studies (JBIMS) is in Mumbai. JBIMS has been an example for top MBA colleges in India, achieving 100% Placement for MBA aspirants. There are a total of 65 recruiters for recruitment.

Internship:

Jamnalal Bajaj Institute of Management Studies (JBIMS) conducts summer internships every year for MBA graduates. 

On average, there are more than 60 recruiters who offer placement opportunities. 

Top Recruiters:

  • Deloitte 
  • IBM
  • Infosys Consulting
  • Axis Bank
  • Citibank
  • Amazon

Salary Highlights:

  • Average Salary: Rs.22 LPA 
  • Highest Salary: Rs.34 LPA

PGDM Placement Opportunities at Top Colleges:

Xavier School of Management (XLRI), Jamshedpur:

XLRI- Xavier School of Management in Jamshedpur is one of the top management institutes in India. 

XLRI has attained 100% placement every year in the PGDM course. On average, the institute has a total of 108 recruiters, including domestic and international companies. 

For PGDM placements, the opportunities are vast in XLRI. 

Internship:

XLRI - Xavier School of Management conducts summer internships for the students. The institute has a Summer Internship Placement Process (SIP) every year. 

In SIP, they announce the placement of students in different fields of management. On average, 80 recruiters participate in summer internship placement.

Top Recruiters:

  • JCB
  • KPMG 
  • PricewaterhouseCoopers
  • Myntra
  • Power Finance Corporation
  • Delhivery

Salary Highlights::

  • Average Salary: Rs. 2 LPA
  • Highest Salary: Rs. 3.5 LPA
Institute of Marketing & Management (IMM), New Delhi:

Institute of Marketing & Management (IMM) is located in New Delhi. IMM is also one of the top institutes that provide a PGDM course. 

Institute of Marketing & Management has been providing 100% placement for students.

Internship:

Institute of Marketing & Management (IMM) has internship opportunities for PGDM aspirants. There are paid internships for students as well.

Top Recruiters:

  • DLF
  • Apple
  • Accenture
  • Axis Bank
  • ICICI Bank

Salary Highlights:

  • Average Salary: Rs. 7.5 LPA
  • Highest Salary: Rs. 14 LPA
Indian Institute of Social Welfare and Business Management (IISWBM), Kolkata:

Indian Institute of Social Welfare and Business Management (IISWBM) in Kolkata provides excellent placement opportunities for a PGDM course. 

The management institute has over 89.2% placement record for all the various sectors in management. 

Apart from this, the college also provides summer internship opportunities for students.

Internship:

Indian Institute of Social Welfare and Business Management offers summer internships for management courses. 93% of the students get placement through the internship. 

Top Recruiters:

  • DFC Bank
  • Reliance
  • SBI General
  • TATA Motors
  • Whitehat Jr

Salary Highlights:

  • Average Salary: Rs. 5 LPA
  • Highest Salary: Rs. 18 LPA
Prin LN Welingkar Institute of Management Development and Research, Mumbai

Prin LN Welingkar Institute of Management Development and Research in Mumbai ranks at the top for PGDM courses. 

Many students have chosen to become entrepreneurs. Yet, the institute has set a record for 100% placement in different fields such as Automobile, BFSI, Consultancy, Digital Marketing, E-commerce, FMCG, Hospitality, IT Manufacturing, Real Estate, and Retail.

Internship:

Prin LN Welingkar Institute of Management Development and Research has a 2-month summer internship for all the students. 

Along with the internship, students have to submit a project for evaluation. 

Top Recruiters:

  • Google
  • Bank of America
  • Crisil
  • Ernest and Young (E&Y)
  • Great Eastern Shipping
  • HCL Technologies

Salary Highlights:

  • Average Salary: Rs.11 LPA 
  • Highest Salary: Rs.22 LPA
The Decision:

While comparing both MBA and PGDM in terms of syllabus, career, and placement, students can better understand. 

Students can evaluate every level of difference between PGDM and MBA to make the best choice. 

Both MBA and PGDM have similarities, yet, the knowledge and the outcome of the courses differ. 

Both have equal weightage in terms of subject knowledge but may vary based on job prospects and industry knowledge.

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