Louis Van Gaal’s position as United manager has come under intense scrutiny in recent times with Jose Mourinho being the favourite to replace him in the summer. Giggs who is currently the assistant manager has also been considered as a potential replacement.
Ferdinand, who played alongside Giggs for 12 years, acknowledges the Welshman would stick to the club's long-founded traditions of playing attractive football and bringing through youth players. However, he also feels that it will be a gamble to make someone so inexperienced the manager of a club of United’s stature.
"Jose Mourinho's name is getting mentioned. If you want someone who has got a career track record in winning in the Premier League and various other countries, then he's that guy," Ferdinand told NDTV.
"But if you want someone who understands the philosophy, whose respectful of the philosophy, who identifies with the fans, knows the place inside out, who's going to be a bigger risk, then Ryan Giggs is that guy."
Ferdinand who has won the league six times with Manchester United said he expected more from United after Sir Alex ferguson’s departure.
"From when I left, I knew it would be difficult. But I expected more," said Ferdinand, who made 455 appearances for the club.
"I expected us to make a bigger change under the new manager but it just hasn't gone as well as we would have liked.
"I think the biggest problem today is the style of football. If you speak to anybody, that's the biggest problem for people.
"They can understand not winning sometimes, but if you play the right way, the philosophy that everyone has come to expect from Manchester United, then people will be more accommodated. But that has not been the case."
Van Gaal should be used to criticism by now says Ferdinand
Louis Van Gaal has not been impressed by speculation surrounding his job, but the former United defender believed that he should be more used to such criticism.
"If you are the current manager of Manchester United, or any football club and your name is being touted about getting the sack and about people getting put in, it's definitely not nice to hear," he said.
"But that's the industry we are in and that happens. You can't say I don't like it, you're here, this is what you have been doing for years and that's the way it is so you have got to accept it."