pgpm only a certificate??

hey. i am harpreet singh and i got selected for pgpm course from ibs pune . they give only a certificate. will it be equivalent to pgdm? will this certificate hold any value?? if in future i decide to do government job... will it be considered as a mba?? and i saw international packages on ibs website of 17 lac from ibs pune...in which country were the students placed>??