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PGDM is post graduate diploma in management and MBA is Masters in Business Administration. You receive a degree certificate from the university under which you have compelted your MBA under AIU affiliation. Whereas, in PGDM, you received a diploma certification from the institute approved under AICTE/AIU affiliation. Comparatively, PGDM is better as the course is competitive, upgrdaded and prepares you to get ready for a real challenging job world. Wehereas, MBA course curriculum is conventional where upgradation of course is very rare depending upon the university guidelines. Birla Institute of Management & Technology,Greater Noida Fore school of Managament Asia Pacific Institute of Management,New Delhi Management Development Institute, Gurgaon SP Jain Institute of Management and Research, Mumbai

Hi Prajwal,
Eligibility: Here are the eligibility details for CAT 2015:
The candidate must possess a Bachelor's Degree with at least 50% marks or equivalent CGPA (45% for SC, ST and PWD/DA category).
Percentage obtained in bachelor's degree would be calculated on the basis of practice followed by the concerned university/institution. In case of grades/CGPA, the conversion would be based on the process defined by the concerned university/ institution.
In absence of any percentage conversion scheme, candidate's CGPA will be divided by maximum possible CGPA and multiplying the result with 100.
Candidates appearing for the final year of bachelor's degree/equivalent qualification are also eligible to apply for CAT 2015.
Hope it helps. Please feel free to revert. Click on the thumbs up or mark it as the best, if you found this useful.
Wish You Luck!

Akansha, if you're so passionate, then look at Design which would give you more width to explore yourself and find a new career. Design is a field that is age old &has been evolving every year like science. The world has changed a lot and a lot of new & wonderful careers in design have come up. Sometimes student Artists are too much enamoured by Fine Arts preventing them to look objectively at Design. They must read this http://bit.ly/SXc9GD. Again like science it pays to be at the cutting edge. For e.g. science students do better if they go for CS or IT since that are areas where development is taking place rapidly. Similarly in Design the cutting edge areas are UID/ UXD, 3D Printing, Immersive Technology, Augmented Reality, 3D Projection etc, besides of course Game Design & Animation. Of course at the top of the pile lies Concept Designing (usually reserved for writers and visionaries) - these people are required by Event Companies, Animation Studios, VFX Studios, & of course Game Studios. At this stage, you may want to understand the creative world & the careers it offers. Interiors, textile as well as Web Design rely on the same skills - your layout skills & color sense. Journalism also is at this level and relies on your language skills & knowledge of history and current affairs. A little higher perches Graphic Design, Fashion Design, jewellery design, Acting, & Fine Arts which rely on one of your artistic skills - sketching & imagination. At a similar level perches VFX as well as Motion Graphics which rely on one of your artistic skills - Cinematographic skills & imagination. Then come careers like Animation, Film Making, Game Design which rely on multiple talents like your authority over sketching, acting, direction, voice, sound, writing, storytelling & problem solving skills etc. Any extra skill can be used in this. So it turns out to be one of the most challenging as well as satisfying careers. Sure not recommended for the weak hearted. Do remember that digital design careers (e.g. web design, graphics, UI design, animation, vfx, multimedia) give better profits since they can be delivered anywhere in the world & hence may earn in dollars - resulting in better rewards for designers. You may also like to read this about the kind of preparation the best students put into design http://bit.ly/1ddUSi8. If you like this answer you may select it as best answer or press like.