PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies.
When an Institute secures autonomy they design their own curriculum to be taught instead of following outdated University syllabus. The reason why they chose to do is because the curriculum can be updated regularly depending on the need in Industry. Hence one can say that PGDM courses are more Industry relevant as compared to MBA courses.
Colleges which offer AICTE approved courses will also offer PGDM not MBA, for example XYZ College is affiliated to ABC University they offer MBA course affiliated to that University, the same college is offering AICTE approved course it means they are offering PGDM which is not linked to ABC University.
Typically if any PGDM is to be equivalent to MBA then the course duration should be 2 years, a 1 year PGDM will not be equal to MBA course.
Usually, autonomous colleges maintain latest syllabus, as per the market demand, but in universities it is not possible to change the syllabus every year. It will take 3 or 5, sometimes it will take 7 years. Because many colleges will affiliated under the university, syllabus books, and textbooks need to change and faculty needs to upgrade themselves. Based on this reason it will take time to change the syllabus. But in autonomous colleges they will change continually, according to current market trend. So that students will get latest knowledge.
1 IIM Ahmedabad
2 IIM Calcutta
3 IIM Bangalore
4 SP Jain
6 IIM Lucknow
9 IMI New Delhi
minimum of 50% aggregate marks or equivalent in any discipline