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.
Many students tend to think that a diploma course does not hold the same value as that of a degree. But that is not true. All the Indian Institutes of Management (IIMs) and other top B-Schools such as XLRI Jamshedpur and SP Jain Mumbai offer PGP or PGDM courses. Most of these institutes are autonomous bodies (not affiliated to any University) and conducts their own management course.
The government last year passed the IIM Act which allows the IIMs to offer degrees instead of diplomas.
|Approving Authority||AICTE, Ministry of HRD, Govt. of India.||AICTE, Ministry of HRD, Govt. of India, UGC Approval is needed at the university level.|
|Validity||Valid and equivalent to Post Graduate Degree.||Valid Post Graduate Degree.|
|Eligibility for PhD. and Lecturer ship||PGDM with a minimum of 55% Marks are eligible to enrol for PhD. From Indian Universities. Also PGDMs eligible to teach PG students.||MBA with a minimum of 55% Marks are eligible to enrol for PhD. From Indian Universities. Also MBAs eligible to teach PG students.|
|Placements||Completely depends upon the institution. Most of the PGDM institutions have better placement records than MBA institutions.||Completely depends upon the institution. Comparatively, Some of the MBA institutions like FMS, JBIMS have better placement records.|
|Course Syllabus||Dynamic, Gets updated as per needs of industry.
Syllabus is approved by AICTE.
|Syllabus is prepared by universities and gets updated less frequently.|
|Innovative Practices||Teaching and training is multi dimensional. Cases, simulations, presentations, short term trainings are part of pedagogy.||Limited scope for innovation as practices are defined by syllabus prepared by central body i.e. University.|
|Ranking in general (by business magazines and student centric websites)||90% of top 100 are PGDM institutions. All thanks to better teaching, training, exposure and placements. IIMs, XLRI, MDI, IMT, GIM, and many more.||Approximately 10 out of top 100 are MBA institutions. Likes of FMS, NMIMS, KJSIMS, SCMHRD etc.|
|Equivalence||Equivalent to MBA from any Indian University. For PhD, Teaching (UGC NET) and all other purposes||MBA a post graduate degree|
|Entrance Process||Thorough CAT / MAT / XAT / C-MAT / ATMA and some state level examinations like TSICET , MHCET etc.||Thorough State level Entrance Examinations like TSICET, MHCET etc.|
|Examinations||PGDM institutions are authorised by approving body, AICTE, to conduct the Examinations||Examinations are conducted by University|