Why is PGDM better than MBA?

Imparting and acquiring good education plays a very vital role in the economic development of any country. During the early days of Indian independence, the country has always strived on improving the literacy rate in the country. In contemporary India, ever since post economic liberalization, many students aspire to pursue management studies. Therefore, pursuing management education has become one of the most coveted and prestigious career options. Management courses are also in demand because that Indians have gradually started moving from an agricultural-based economy to a knowledge-based economy.

Are MBA and PGDM similar?
Post Graduate Diploma in Management (PGDM) or Masters in Business Administration (MBA) are all management courses at Master's level. These respective courses have a commercial orientation and it's difficult to differentiate between the two.

At the end of PGDM course, candidates are offered a Diploma. However, at the end of MBA programme, candidates receive a degree. Many students tend to think that a diploma course does not hold the same value as that of a degree. But that is not true. One of the India's premier management institutes such as Indian Institutes of Management (IIMs) and other top B-Schools such as Indian School of Business, Shailesh J Mehta School of Management, IIT-B, Management Development Institute, XLRI-Xavier School of Management, MICA, formerly Mudra Institute of Communications, and SP Jain Institute of Management and Research, Mumbai offer PGDM courses. Most of these institutes are autonomous bodies which are not affiliated to any University and conduct their own management course.