Hello,
MBA, short for Master of Business Administration, is a Post Graduate Degree in Management. ... PGDM is a course offered by colleges that are not affiliated with recognized universities or are not authorized to offer degrees. And therefore they offer Diploma courses which in a broader view come at the same level as an MBA.
To be eligible for admission to the PGDM Program(s), the participants must possess a bachelor’s equivalent degree, with a minimum of 50% aggregate marks or equivalent in any discipline, from a recognized university in India or abroad (recognized by the UGC / Association of Indian Universities). However, the final selection may be based on a higher cut-off percentage depending on the total number of applicants for the program.

MBA is a Master’s degree and only recognized universities or colleges affiliated with such universities are allowed to offer a degree in Business Administration. Such universities follow one single curriculum designed for the course and offer other major degrees like bachelor and Doctorate.
PGDM is a course offered by colleges that are not affiliated with recognized universities or are not authorized to offer degrees. And therefore they offer Diploma courses which in a broader view come at the same level as an MBA.

PGDM, or 'Post Graduate Diploma In Management', is an elite qualification for professionals. ... The study of the PGDM course is actually a comparatively new postgraduate qualification. PGDM programs have promptly rooted themselves as the mark of serious business professionals all around the world. In the line of various management courses, many students opt for PGDM or postgraduate diploma in management programs. A PGDM course aims at honing the managerial and leadership skills of students so they can explore several career opportunities after PGDM and progress to reach top positions in management know more check below link-
https://www.careers360.com/courses/pgdm-post-graduate-diploma-in-management
https://www.careers360.com/courses/mba-master-of-business-administration

Famous MBA institutes in India:
Faculty of Management Studies, University of Delhi, Delhi
SIBM (Symbiosis Institute of Business Management), Pune
NMIMS (Narsee Monjee Institute of Management Studies ), Mumbai
IIFT (Indian Institute of Foreign Trade)

Famous PGDM institutes in India:
IIMs (Indian Institute of Management)
XLRI (Xavier School of Management), Jamshedpur
SP Jain Institute of Management and Research, Mumbai
NMIMS (Banglore/Hyderabad)
Thank you.

Hi Anash,

The term 'Good' is very subjective here. Actually, both the programs are very similar.

An “MBA” is Management of Business Administration and “PGDM” is Post Graduate Diploma in Management. Only difference between them is their names and nothing else. MBA or PGDMs are not treated differently by corporates. A B-School should be chosen on its ranking, curriculum or placements rather than by the degree or diploma they offer. An MBA is a degree offered by Government or private universities and the colleges affiliated with them. A PGDM is a diploma offered by colleges recognised by government of India’s nodal body for technical education called All India Council for Technical Education (AICTE).

Even the country’s top most institutes such as IIMs and IIMs offer Post Graduate Program in Management and not MBA as they are neither a university nor affiliated to one. But after the passing of IIM Bill 2017, they offer MBA degree. The colleges that offer PGDM are at par with MBA offering colleges.  Many top PGDM B-schools have received MBA Equivalence from Government body AIU, and their PGDM is treated at par with MBA when it comes for higher studies like M.Phil. or Ph.D.

Below are some top reasons to choose an MBA program,

Good MBA programs offered by top government or private universities such as FMS Delhi, IIFT, JBIMS, XIMB, NMIMS, SIBM are the most sought-after management courses and the PGDM offered by other top B-Schools and IIMs are at par with each other. MBA and PGDM are more similar in nature but there are some differences such as,

1. An AIU equivalence certificate is needed with PGDM whereas, it is not required to be accompanied with any MBA degree
2. MBA is a globally recognised degree and is acceptable by top recruiters around the globe. Top B-Schools around the world offer MBA degree and not PGDM diploma
3. Foreign universities need MBA degree instead of diploma to offer admission in Ph.D. or Doctoral program
4. MBA colleges have created a huge alumni base as compared to the PGDM colleges mostly because these MBA colleges have a very old history as compared to the PGDM colleges

Reasons to choose PGDM program are,

1. The course structure for these PGDM colleges is more industry oriented. This is done so to keep the curriculum in accordance with the latest industry developments.
2. Many reputed colleges in India as well as abroad give more preference to PGDM over MBA as PGDM offers more practical insights than an MBA does and hence gives an edge provided if it’s done from a reputed college
3. Because these institutes are autonomous, they offer better placement offers than MBA
4. It is easier to get education loans if you are going to study in an institute backed by AICTE. Students can easily apply loans from a private or nationalised bank and arranging money for their fees will no longer be a burden to them

Some key differences between MBA and PGDM are also listed down in the below table,

All the very best!!

Hii,

PGDM is a 2 year Post Graduate Diploma program. Obviously PGDM is better than MBA because MBA is more of a theoritical approach to studies while PGDM is of real life Practical approach how Marketing,sales , Human Resource, Finance and other fields are growing.  IIM's and Top B Schools offer PGDM course only. The placement opportunities and future career prospectives are also good.