What is the difference between PGDM and MBA? Which is a better course to pursue, MBA or PGDM?

Master of Business Administration (MBA) is two-year degree course in the field of management. In India, MBA degree can be awarded by any recognised university or by a business school affiliated with any university. Post Graduate Diploma in Management (PGDM) is a two-year Diploma course offered by the institutes that are recognised by the All India Council for Technical Education (AICTE) and which are autonomous and not affiliated with any university. It is not mandatory that a PGDM is equal to MBA. PGDM institutes accreditation by Association of Indian Universities (AIU) makes an institute's PGDM course equivalent to an MBA. There are a large number of similarities between the curriculum of both MBA and PGDM. An MBA institute follows a fixed curriculum as it will be based on the university guidelines which occasionally may not be aligned to the industry requirements. Autonomous institutes do not follow university standards, so it has the flexibility to align its curriculum according to the industry standards and change in the business environment. Some of the PGDM from IIMs, XLRI, etc. has more value then MBA. However, MBA of FMS DU, IIFT, etc. have similar value as IIMs. Students are advised to choose institute based on its ranking, not on the nomenclature of the degree.

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