Understand the difference between a PGDM and an MBA before you decide to pursue it.
In India only those schools which are affiliated to a university can offer an MBA degree. For this reason institutes like JBIMS, PUMBA, FMS can offer MBA degree while IIMs do not. Institutes which are not affiliated to university are autonomous and can offer PGDM (Post Graduate Diploma in Management) degree. These programs are sometime approved by Government accreditation bodies such as AICTE.
What is the difference Reputation
There is common perception that MBA degree being a masters is more recognized in the market. This is because some recruiters favor an MBA over a PGDM. But the reputation of a degree cannot be considered in isolation. The reputation of the school plays a big role in deciding whether PGDM is not as popular as MBA. For example SP Jain, Mumbai offers a Post Graduate Diploma in Management which is very reputed. ISB also offers a PGPM program which is highly recognized in the industry.
As per wikipedia The curriculum of the PGDM and MBA degrees are equivalent, although the MBA degree is examination oriented and concentrates on theoretical aspects of management whereas the PGDM is industry-oriented and mainly focuses on building soft skills While an MBA curriculum is designed by a university, a PGDM course gives freedom to the institute to design its own curriculum. This is sometimes beneficial to the students because institutes can change the curriculum as per the industry requirements and changing business environment. A university affiliated program will essentially follow the university guidelines and changing this curriculum is a very slow process.
As per wikipedia A PGDM holder cannot pursue Ph.D. since the PGDM is not recognized So if you are considering higher education in Indian universities, you should go for an MBA instead of a PGDM. IIMs also offer FPM (Fellow program in Management) which is equivalent to a PhD.
Are you in a dilemma over whether to choose a PGDM or MBA? First figure out what your are . If you have an option of a PGDM from a reputed school and an MBA from not-so-reputed school, then choose former. As mentioned earlier PGDM from a reputed school like SP Jain, IMD Gurgaon, NMIMS scores above the MBA from less reputed school. If you have an option of PGDM or MBA from not so reputed schools, choose MBA over PGDM.