Even when it’s a while IIMs are debating over whether to grant PDGM or MBA degrees, no consensus has been reached even as of now.
It’s been a while that all of us are hearing about IIMs debating on whether to grand MBA degree to the students or MBA. Even when it’s been quite too long, the consensus hasn’t been reached so far. Therefore, students are confused whether they will get MBA degree or PGDM.
While IIM Lucknow and IIM Ranchi gave Post Graduate Diploma in Management (PGDM) in their convocation ceremony held last week, IIM Bangalore came out to be the first IIM to offer MBA degree for the postgraduate program in Management. As IIM Bangalore took the stand on the issue, now IIM Udaipur has also decided to award MBA degrees in the convocation ceremony to be held on March 23, 2018.
On the last day of February 2017, a meeting was held in the national capital, which was attended by directors of all the 20 business management schools to reach a consensus on the issue. Later, IIMM Lucknow approached MHRD formally for a clarification on the same matter as a section of students demanded that they should be awarded PGDM instead of MBA degree. The heart of this confusion is an established marked perception that holds PGDM in higher esteem than MBA degree.
Another fact that students who enrolled in 2016 was for PGDM and not MBA is giving impetus to students to demand PGDM instead of MBA degree. In the meeting, 17 IIMs were in favour to keep it PGDM for the current session and start awarding degrees from 2019 onwards. However, IIM Bangalore, IIM Udaipur and IIM Indore showed their interest to exercise the power to grant degrees instead of diplomas.
As per the earlier development, the government of India passed the IIM Act on December 20, 2017 granting each of the 20 IIMs a status of an ‘Institute of National Importance’, which means they can now start granting degrees instead of diplomas to the management students pursuing masters from these institutes. In a similar way, those who are pursuing doctoral studies should be awarded the title of a ‘Fellow’ at the end of their research.
Another fact that is of paramount importance is Association of Indian Universities and HRD ministry recognize PG diploma and ‘Fellow’ title equivalent to MBA and a PhD degree respectively, but the equivalence is not accepted university, especially for the Fellow program. This prompted the government to pass the act.