Utkal University

For sure an MBA has better and larger placement options.Major differences between MBA and PGDM are as follows :
MBA/MMS is offered by 'Universities' or 'Colleges that are affiliated to Universities' or Central Body directly under the Indian Govt while PGDM/PGP is offered by individual colleges and IIM's.
Fees is high in case of PGDM/PGP as compared to MMS/MBA.
PGDM is much more flexible in terms of syllabus as syllabus is not bounded by a particular university.
Ideally PGDM program is residential while MBA is not.
Examples of PGDM/PGP Institutes in India are- IIMs ,XLRI, SP Jain, NMIMS (Banglore/Hyderabad) etc.
Examples of MBA colleges in India are- IIFT , JBIMS , FMS ,NMIMS(Mumbai)SIBM (Pune), IITs etc.
Why few offer MBA and rest offer PGDM?
As per the law in India, only a University can offer degrees such as the MBA, BBA, B.Tech or B.E. Any educational institution which is not affiliated to a University cannot offer a degree. So institutes like IIMs, XLRI, NITIE, MDI etc. which are the autonomous bodies and run independently, cannot offer MBA degree and hence offer the PGDM / PGP.
PGDM / PGP
PGDM expands to Post Graduate Diploma in Management, while PGP is Post Graduate Program Diploma. And all the confusion starts when you see the term Diploma. Yes, you read it right this is Diploma and not exactly a degree in technical terms. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (not affiliated to any University) and conducts management courses, then such Institutes cannot offer MBA degree. Even IIMs, XLRIs doesnt offer MBA degrees; they only give PGP Diploma.
In purely an Indian context, there is NO DIFFERENCE when it comes to how the industry treats PGDM and MBA graduate. If you see, 9 out of top 10 B Schools in India offer PGDM / PGP and not MBA. This is the testimony to the fact that there is no difference between the two in India.
Career growth is same in both, and to be true career growth is dependent on individuals performance and not on the name PGDM or MBA. Starting packages are dependent on colleges name and brand, not whether it offers MBA or PGDM and that is why you see most of the top B Schools in India offer PGDM/PGP and only couple of colleges offering MBA degree compete with them.

Hi Vikas,
MBA in Event management is a wonderful decision if you're keenly interested as it has emerged as a very lucrative and most sought after industry in recent years. With the number of individuals / companies hosting and organizing events going up at a rapid pace, has resulted in a huge demand for qualified event manager, who have the necessary skill-sets required in visualizing concepts, planning, budgeting, organizing and executing events.
It pays well:
Event management jobs are the best option for people with an out-going and friendly nature. The jobs require go-getters who are always on the move. They must have the zest and zing to make events happen. They must be good with their communication skills and also presentable as they are always interacting with important people. An aspirant in event management should've cruising in him, a passion for events and flexibility of time and schedule.
Varied Designations:
One can work as an Junior / Senior Event Manager with any of the long list of dedicated Event Management Consulting & Organising corporate house in India & Abroad. Some of the job positions / designations available for an Event Management Professionals are Event Planner, Event Coordinator, Event Production Head / Team member, Public Relations Officer, Event (Budgeting & Finance) Executive, Event Legal Executive etc.
Target Industries:
Such positions at various management levels can be sought after at T.V. channels, PR Agencies, Media Companies, Films and Serial production houses, Hotels, Travel & Tourism companies, Advertising & Brand Consultants, Marketing Consultants, etc.
Students are placed in following Industries:
* Corporate Houses* Star Hotels / Resorts / Clubs* News Paper Ind. (Print Media)* Radio Stations* Advertising Agencies* Shopping Malls* Super Markets
* PR Agencies* Shopping Malls* T.V. Channels* Media Houses (Publications)* Movie / Serial Production Houses* Educational Institutes* Travel & Tourism Companies
* Music Companies* Super Speciality Hospitals* M.I.C.E. Industries* Fashion Houses* Sports Management Company* Experimental Marketing Companies* Event Management Companies
Tourism and Event Management are two different fields and mustn't be compared as they hold different importance in different industries. You have to choose a field based on your interest.
All the best.

Eeshaa,
You seemed to be confused about what you actually wish to pursue in your career.You have asked about over 10 stream.I would suggest that you define your interest and follow the careers that really interest you.So much information could actually lead to a a lot of confusion in the final decision of your career.
Career opportunities for Travel & Tourism degree holders exist both in the public and private sector. In the public sector, there are opportunities in the Directorates and Departments of Tourism of the center and the state as Officers, information assistants, Tourist guides etc. Another good prospect for qualified tourism professionals are in the private sector with travel agencies, tour operators, airlines, hotels, transport and cargo companies etc.
In the Tourism Department there are jobs as Reservation & counter staff, Sales and marketing staff, Tour Planners and Tour guides. To enter in to this field you need to pursue a professional course in this sector. Top colleges which you can consider are Indian Institute of Computer and Hospitality Management (IICHM) , Nadia (West Bengal), University of Technogy & Management (UTM), Shillong & School of Arts and Tourism Indore (Madhya Pradesh)