PGDM

PGDM expands to Post Graduate Diploma in Management. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRIs doesnt offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies.

When an Institute secures autonomy they design their own curriculum to be taught instead of following outdated University syllabus. The reason why they chose to do is because the curriculum can be updated regularly depending on the need in Industry. Hence one can say that PGDM courses are more Industry relevant as compared to MBA courses.

Hi

MBA and PGDM are equivalent. PGDM is offered by colleges that are autonomous i.e not affiliated to any university. Whereas MBA is offered by university-affiliated institutes. So, even the IIMs and XLRI give a PGDM.

There are many specializations to pursue. Like Marketing, finance, Operations or IT.

All of them have equal and great prospects. It is what interests you, that you should pursue.

Regards