Both courses have a similar course format.

The main difference is that an MBA is a degree that a university can award (like IITs, which provide many educational courses like management, engineering. law, etc.) As a post-graduate diploma in management, PGDM can be awarded by any college (such as IIMs, which only provide management education).

It makes no difference which degree you seek because both are equally important and will be considered equally by national and multinational corporations.

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I hope this is helpful.