MBA stands for Master of Business Administration, it is a post graduation (PG) course pursued soon after graduation or after working for few years. In India it is not compulsory to have work experience to do MBA, however few countries especially the western countries like the United States require the students to have a minimum work experience of two years.
Who gives MBA?
MBA is given by Universities (State, Central or Deemed to be Universities), in India Universities are governed by University Grants Commission (UGC). In India an MBA from an UGC recognized University is considered valid (gives eligibility to apply for government jobs).
Is AICTE approval mandatory for an Institution offering MBA?
Although MBA is given by a UGC recognized University, in most cases a student pursues his or her MBA from an affiliating college. It is necessary for the college to have an AICTE (All India Council for Technical Education) approval for the MBA course.
What is PGDM? Why there is a difference between MBA & PGDM?
PGDM stands for Post Graduate Diploma in Management which is not necessarily offered by an University either State, Central or Deemed. As per the rules in the book, in India till date only Universities have the authority to offer degrees, autonomous bodies which includes even the IIMs & XLRIs can’t give degrees they can only offer diploma courses.
To keep it simple, MBA is given by an University while PGDM is a non university course either offered by an autonomous Institute or by an Institute approved by AICTE.
Is UGC or AICTE approval mandatory for PGDM?
Since PGDM is a non university course there is no question of UGC approval, hence it is not mandatory to have UGC approval. For a PGDM an AICTE approval is mandatory and a must.
Who are eligible to do MBA or PGDM?
Only graduates with an aggregate percentage of 50 or above are eligible to pursue MBA or PGDM. However reserved classes (SC, ST or OBC) may have 45% as an eligibility depending on the University or the Institute.
Still have queries, kindly visit our MBA or PGDM counselling page & place a request. We will assist you!