When an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Instead, they award a Post-Graduate Diploma in Management (PGDM) or a Post-Graduate Diploma in Business Administration (PGDBA). Only Universities (Foreign or Indian) can grant MBA degrees. The IIMs, XLRI etc offer only a diploma!
However, students are advised to bear in mind that the value of the management course pursued by them does not depend on whether it is a 'degree' or a 'diploma'; rather it depends on the 'reputation and standing' of the institute that is offering the degree or diploma. When companies recruit management graduates, they certainly don't worry about the title of the course offered at the particular institute. They look at the intrinsic worth and the reputation of the institute, quality of the course offered, and, of course, the calibre of the students.
* The Programme is called PGPM (Post Graduate Programme in Management) and the degree offered is PGDM (Post Graduate Diploma in Management)
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