With the IIM's getting Full MBA Degree accreditation from the UGC, for most of there 2 year programs, they certainly have an edge compared to the other business schools which offer PGP and equivalents. It is common knowledge that a college degree is the second most expensive purchase a consumer will make in his/her lifetime. Your choice of college degree plays a huge role in how your life and career will pan out. You future job position, earnings, location will be greatly influenced by what you study in college. It is essential to make the right choice!