MBA Scope

Master in Business Administration (MBA) is a two years degree course in the field of management. In India, MBA degree can be awarded by any recognised university or by a business school affiliated to any university. Post Graduate Diploma in Management (PGDM) is a two years diploma course offered by the institutes that are recognised by the All India Council for Technical Education (AICTE) and which are autonomous and not affiliated to any university. It is not mandatory that a PGDM is equal to MBA. PGDM institutes accreditation by Association of Indian Universities (AIU) makes an institute's PGDM course equivalent to an MBA.
There are a large number of similarities between the curriculum of both MBA and PGDM. An MBA institute follows a fixed curriculum as it will be based on the university's guidelines which occasionally may not be aligned to the industry requirements. Autonomous institutes do not follow university standards, so it has the flexibility to align its curriculum according to the industry standards and change in the business environment. Some of the PGDM from IIMs, XLRI, etc has more value then MBA. However, MBA of FMS DU, IIFT, etc. have similar value as IIMs. Students are advised to choose institutes based on its ranking not on the nomenclature of degree.
You are eligible to seek admission in MBA/PGDM after B.Com. You are advised to refer to following link for list of top MBA/PGDM colleges in India:
https://www.shiksha.com/mba/ranking/top-mba-colleges-in-india/2-2-0-0-0

Hello Ramya,
The point you stated above is partly fact and partly myth. The top B-schools for MBA have got an esteemed reputation. They have better contacts with the HR department of various companies. Therefore, the probability of getting placed in a reputed company with a decent package certainly increases. In this context, the point above is a fact.
However, on the other hand, these colleges are extremely choosy in selecting the students for the course. Students who are extremely top graded, mostly get a chance to get through to these colleges. They rigorously train students and along with equivalent effort from the student as well, they are able to achieve such results. Many students are not able to go through this rigorous training and quit the course midway. Just getting through into a good college isn't enough to secure a good job. In the end, all that matters is the student's skill set, the effort student has put and willing to put hereafter as well. There are quite a lot of stories of successful entrepreneurs emerging out of not-so-good colleges. in this context, it's a myth.
I hope this answers your question to your satisfaction. If so, kindly upvote this answer. If you have any further questions, kindly revert.