etechizz.in MBA: Stands for Master in Business Administration. PGDM: Stands for Post Graduate Diploma in Management. Why are they pursued? MBA: A Master in Business Administration (MBA) is a degree course offered by the colleges affiliated to the universities. So, only universities can offer MBA programmes. PGDM: A Post Graduate Diploma in Management (PGDM) is a diploma course offered by the institutes that are recognised by the All India Council for Technical Education (AICTE) and which are autonomous and not affiliated to any university. However, accreditation by Association of Indian Universities (AIU) makes an institute's PGDM course equivalent to an MBA. High/low fees Fees is high in case of PGDM as compared to MBA. MBA institutes charge less fees as it is almost similar to university standard. Are MBA and PGDM equal? It is not mandatory that a PGDM is equal to MBA because then the college offering the PGDM course must have accreditation fr...
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