Postgraduation is a defining moment in a student or a professional’s career. One of the most sort after postgraduation degree is an MBA or PGDM. Every year lakhs of students appear for different management entrance exams to get a seat in their dream b-school.
A common doubt they have whether to choose an MBA or a PGDM programme. This doubt was further strengthened after the Indian Institute of Management Bill 2017 was passed on 28th July 2017 by the Lok Sabha. The IIM Bill 2017:
- Came into effect from 31st December 2017
- Declared the IIMs as Institute of National Importance.
- Gave degree-awarding power to the IIMs which until then were only offering diplomas.
- Gave more autonomy and statuary status to all 20 IIMs
But does it make one better than the other? Does it impact the job opportunities one gets at the end of the programme? There are quite a few technical differences between an MBA and PGDM. But the good news is that it makes no difference at a professional level. Both MBA and PGDM are acceptable to the industry. Let us take a closer look.