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MBA is the common abbreviation used for Masters of Business Administration. While the term is commonly and loosely used, MBA degree is offered by only some institutes in the country. Others offer a post graduate diploma is management which is equivalent to an MBA but is not an MBA degree. However what needs to be carefully observed is that it hardly matters whether a B-school offers an MBA degree or a post graduate diploma because both almost mean the same. What needs to be taken into consideration while selecting a B-school is the credibility of the institute and its placement records. For a matter of fact, even the IIMs (Indian Institutes of Management) offer a post graduate diploma in business management but for ease the course is referred to as MBA.
MBA is one of the most common career choices amongst the youth in India today. This is purely because of the benefits that the course offers. An MBA can surely help individuals who want to move up in their respective careers. One can extensively search the internet for loads of information available on different MBA colleges in India. Thanks to globalization and liberalization, education in India especially MBA is gaining great momentum. With the growing needs of the industry for world class managers, the institutes offering MBAs has also gone up in the last few years. There are over thousand recognized institutes offering MBA in India. However the Indian Institute of Management, IIMs, as they are commonly referred to as is the crème de la crème of all the institutes offering MBA in India even though they offer a PGDM (post graduate diploma in Management).
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