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MBA: It is a degree course offered by the colleges affiliated to the universities. So, only universities can offer MBA programs. MBA institutes charge less fees as it is almost similar to university standard. Student pursuing MBA will be studying more of the theoretical aspects of management. An MBA institute will be following a fixed curriculum as it will be based on the university guidelines.
Below mentioned are colleges offering MBA degree:
1. Faculty of Management Studies.
2. University of Delhi - Delhi.
3. Symbiosis Institute of Business Management - Pune.
4. Narsee Monjee Institute of Management Studies - Mumbai.
5. Indian Institute of Foreign Trade.
6. Jamnalal Bajaj Institute of Management Studies - Mumbai.
7. Institute of Management, Nirma University.
PGDM course: It is a Diploma course offered by the institutes, which are recognized by All India Council for Technical Education (AICTE) and which are autonomous and not affiliated to any university. The fees is high in case of PGDM as compared to MBA. A student pursuing a PGDM course will be gaining knowledge regarding building soft skills and the program is more industry-oriented.
An autonomous institute does not have to follow university standards, so it is free to change its curriculum according to industry standards and change in the business environment. The course will prepare you for a senior level position in a company.
Below mentioned are the colleges offering PGDM courses:
1. Indian Institute of Management.
2. Xavier School of Management - Jamshedpur.
3. SP Jain Institute of Management and Research - Mumbai.
4. NMIMS - Bangalore/ Hyderabad.

Hello Altaf Raza,
Your question is exactly on career and job segment, According to my experience, there is a lot of scope in animation and VFX field. Animation and VFX is biggest part of media and entertainment industry.
According to the FICCI report: Media and Entertainment Industry has high growth field right now.
The Federation of Indian Chambers of Commerce and Industry (FICCI) is an association of business organizations in India.
The media and entertainment industry in India consists of many different segments under its folds such as television, print, and films, radio, music, OOH, animation, gaming and visual effects (VFX) and Internet advertising. You can work all these segments.
In these segments you need just understanding of software skill, tools of the industry no further required.
As per the combined survey report by KMPG and FICCI, the entertainment industry in India is expected to expand by 12.5% every year and is likely to reach US$20.09 billion by the year 2013.
The industry is estimated to achieve growth of 13 per cent in 2011 to touch US$16.2 billion. As the industry braces for exciting times ahead, the sector is projected to grow at a CAGR of 19 percent 2020 which is highest growth as compare to other fields that means more income and jobs.
In MNCs like Pixar, Technicolour (Bangalore), Rythm and Hues (Hyderabad) , Red chilies, Prime Focus, DQ entertainment etc. salaries are more than software engineers.
If you are interested in this field so you can just join a professional career based course in the best institute no degree is required in this field because I have already mentioned that Animation and VFX is based on creativity and software skills.
For more information please visit:
http://indianexpress.com/article/entertainment/entertainment-others/indias-animation-industry-has-seen-unprecedented-growth-avneet-kaur/
http://www.animationxpress.com/index.php/latest-news/animation-and-vfx-industry-to-grow-by-8-5-per-cent-and-18-5-per-cent-respectively-by-2020-ficci-kpmg-report

Hi Sandeep,
If you really interested in creative field you can consider going for Design and Animation. There are no specific knowledge and requirement in designing field. Designing field is depends on creativity. This is a field where nobody cares for your qualification, they only see your creativity and quality work. You should look for an institute which can provide you with this course. There is a very high demand if graphic and web designers in today's world.
I recommend you to visit a good animation institution so that you can make a bright future ahead. Also, keep that in mind that the institution can assure you for the placement after the completion of your course.
For more information visit and contact:
https://www.shiksha.com/Maya-Academy-Of-Advanced-Cinematics-Chandigarh-institute-college-listingoverviewtab-37864