Chennai

I thank you for giving me this opportunity. I'm glad to help you. In India, management education has two career-oriented qualifications PGDM (Diploma) and MBA (degree). MBA degrees are offered by universities or colleges affiliated to universities, while a PGDM is offered by All India Council for Technical Education (AICTE)-approved institutions. While the curriculum for MBA is designed by universities, for PGDM courses, it is determined by the institution concerned. IIM directors said the idea behind an IIM Bill was to turn these institutes into statutory bodies to offer Masters degrees and doctorates, instead of diplomas and fellowships. Currently, IIMs cannot award degrees, as they have been set up as societies, under the Societies Registration Act. Degrees can only be awarded by universities and institutes such as the Indian Institutes of Technology (IITs), set up by Parliament or legislatures, and those declared deemed-to-be-universities under the University Grants Commission Act. Currently, the 13 IIMs issue certificates stating their PGDM programme is equivalent to an MBA degree.