Why IIMs cannot award a degree today?

Indian Institute of Managements were setup under recommendations of planning commission (1956) as autonomous institutes supported with government grant-in aids.

 The act talks about setting up this institutes to impart management education to students and focuses on building managerial workforce in the country. The Act, however, does not talk about granting University status to the institutes. The IIT’s were formed under Institutes of Technology Act, 1961 and the act empowers the IITs to award degrees, diplomas and honorary degrees. For IIMs to award Degree’s to their students, GOI will have to amend the act under which the IIMs were setup. Doing so, is not impossible but it is definitely a time consuming task.

Read more at- 

http://www.financialexpress.com/news/iims-may-get-nod-to-award-mba-degrees/955043/0

Source: http://www.desimba.in/op-ed/2012/07/soon-you-will-be-able-to-write-mba-from-iim-on-your-resume/

Difference between MBA and PGDM

MBA vs. PGDM

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.

In terms of 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.

In terms of Curriculum

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.

More at : http://www.targetadmission.com/mba-articles/difference-between-pgdm-and-mba