No. Although both are proven depression treatments, TMS and ECT and not the same. Even in its most refined form, ECT requires implanting electrodes in the scalp in order to send electric currents to the brain. TMS is a drug-free, 100% non-invasive therapy with little to no side effects and is a preferred choice for most patients.
Patients stay awake during the duration of their TMS session and can drive themselves to and from their treatments.