Hospitality & Travel

Both, degree and Diploma are types of recognition conferred on a person on the successful completion of an educational course. Major differences between a Diploma and degree are listed below:
The duration of a degree course is usually 3 to 4 years and the emphasis is on academics, whereas a Diploma course is a short term course (usually 1 to 2 years in duration) that focuses on training a person in a particular field.
An institute, a Polytechnic, or even a university can offer a Diploma course. There is no need for the institute or the university to be UGC or AICTE approved. Only a university can confer a degree. To pursue higher education, only a degree from a UGC-approved university is accepted. AICTE-approved private institutes are affiliated to UGC-approved universities. In case a person graduates from an AICTE approved private institute affiliated to a UGC approved university, he still gets the degree of the university.
A person must have successfully passed the 12th standard to pursue a Bachelors degree. One must possess a Bachelor's degree to pursue a master's degree. A person can enroll for a Diploma course even after class 10. There are Diploma courses that require the candidate to be an HSC pass-out. Diploma courses at the Masters level require the candidate to have a graduate degree. Regards.

There isn't any university with the name University of Kotak. In order to be eligible to apply for an MBA or Master of Hotel Management, you need to have a Bachelor's degree from a UGC recognised university with at least 50% marks. Your MA does not hold any value for placement and package as it is purely based on the placement the course and institute bring, your academic and your own performance during the campus placement and interview.
Now as far as which one is better, it depends. If you get a seat in top MBA/ PGPM institutes like XLRI, IIM, FMS Delhi, NMIMS, SP Jain, etc. your average package will be 18 Lacs- 20 Lacs per annum. If you do it from a tier-2 institute, the package will be around 10 Lacs, if it is tier-3 then around 4 Lacs PA. With an average placement of 50% institutes.
If you do a Diploma from Institute of Hotel Management, the premier institute in the hotel management, you may expect a monthly package of 15000 to 40000 depending on the role you get.