<p>Firstly, a Masters in Business can only be offered by a University or institutes affiliated to University. PGDM programmes on the other hand are offered by autonomous bodies or private B-Schools, which may have some affiliation like AICTE. IIM, ISB, XLRI, SP Jain etc are the best examples of PGDM programme providers.</p>
<p>Secondly, University affiliated institutes only follow a curriculum set by the University. Most of Universities in India follow a dated curriculum, which can also be interpreted as outdated MBA programmes (This obviously is not applicable to all the Universities). PGDM programmes on the other hand focus more on industry requirements and are free to change / upgrade / delete their course contents according to industry trends. This is the biggest advantage of a PGDM programme.</p>
<p>Thirdly, If you are thinking of pursuing further studies, like MPhil, PhD etc, then getting a MBA degree is recommended. This simply means that students with a post graduate diploma in management (PGDMs) shall not be eligible for a doctorate in management, unless they take a pathway programme.</p>