An MBA program is offered by a government or private university or a college affiliated with a university. Only these universities, which come under the University Grants Commission (UGC), can award degrees.
A PGDM program is offered by AICTE recognized b-schools and standalone/autonomous b-schools, under the Ministry of Human Resource Development (HRD), which do not come under the UGC. However, it is pertinent to know that the corporate world does not differentiate between the two. Graduates from both programs are equally eligible for the same kind of management jobs.
Business schools (or private MBA colleges) offering PGDM can revise their curriculum in response to changing business needs and industry behavior. They can quickly adapt new models, tools and technologies to deliver cutting edge education to their students. Universities undergo such revision in a time-based manner, mostly in 3 to 5 years.
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