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Dignified with Rankings
Amongst India's most promising Hotel Management Institute by Higher Education Review 2022
Ranked Top Hotel Management Institute awarded by Times Education Icon 2022
Quality Education, Outstanding Administration & Leading Infrastructure by Educational Excellence Awards & Conference 2021
Outstanding Performance in Virtual Knowledge Delivery During Pandemic by Educational Excellence Awards & Conference 2021
Prior to the COVID-19 outbreak, the business world had already been shaken by technological advancement, political upheaval, and economic dependence. Even acronyms and specific terminology characterise our modern environments, such as volatility, unpredictability, complication, and confusion. When it comes to radical transformation, organisations all over the globe face a significant problem and an opportunity.
The PGDM is the best option for students seeking a management career in 2023. It is due to several factors that make it appear superior to a traditional MBA degree.
PGDM, or Post Graduate Diploma in Management, is popular among management aspirants. The course prepares students for various management roles in the corporate world. This blog will discuss some of the emerging trends in PGDM 2023.
- Focus on Sustainability
Sustainability is an emerging trend in the corporate world. Companies are becoming more conscious of their environmental impact and are taking steps to reduce it. In PGDM 2023, there will be a greater focus on sustainability. Students will learn about sustainable business practices and how to incorporate them into their decision-making processes.
- Emphasis on Technology
Technology is an integral part of the business world. In PGDM 2023, there will be an emphasis on technology. Students will learn about emerging technologies such as blockchain, artificial intelligence, and the internet of things (IoT). They will also learn how to use technology to improve business processes and decision-making.
- Personalization of Learning
Personalisation of learning is an emerging trend in education. In PGDM 2023, students can customise their learning experience according to their interests and goals. They will also have access to personalised feedback and support from their teachers.
- Entrepreneurship Education
Entrepreneurship education is becoming more popular in PGDM programs. In PGDM 2023, there will be a greater emphasis on entrepreneurship education. Students will learn to identify business opportunities, develop a business plan, and launch a successful business. They will also learn about funding, marketing, and managing a business.
The business world is becoming more globalised, and companies are expanding their operations to different parts of the world. In PGDM 2023, there will be a greater emphasis on globalisation. Students will learn about international business practices and how to operate in different cultural environments. They will also learn how to manage a global workforce and market products and services to a worldwide audience.
- Soft Skills
Soft skills such as communication, teamwork, and leadership are becoming increasingly important in business. In PGDM 2023, there will be a greater emphasis on soft skills. Students will learn to communicate effectively, work in teams, and lead people. They will also learn how to manage conflicts and negotiate effectively.
- Diversity and Inclusion
As businesses recognise the importance of having a workforce representative of their communities, diversity and inclusion are becoming increasingly important in business management. This tendency drives the adoption of new diversity and inclusion policies and practices, such as unconscious bias training and inclusive hiring practices. Businesses that create a diverse and inclusive workforce have a better chance of success in today's global business climate.
- Ethics and Corporate Social Responsibility
Ethics and corporate social responsibility are becoming increasingly important in business. In PGDM 2023, there will be a greater emphasis on ethics and corporate social responsibility. Students will learn about ethical decision-making and how to incorporate social responsibility into business practices.
- Industry-Academia Collaboration
Industry-academia collaboration is becoming more popular in management education. In PGDM 2023, there will be a greater emphasis on industry-academia collaboration. Students will have the opportunity to work on live projects and internships with companies. They will also have access to mentors and industry experts who can provide guidance and support.
- Data Analytics
Data analytics is an emerging field in PGDM. A PGDM course is one of the educational certificates required to be hired by various high-tech businesses. It can help you make a good living by pursuing specialised professional paths such as artificial intelligence, big data analytics, cloud computing, and many others. PGDM's extensive data analytics courses are gaining popularity in the worldwide tech market. Several comprehensive data analytics courses are available to help aspiring technologists understand the domain thoroughly.
Students are typically exposed to various independent projects, role plays, simulations, presentations, seminars, and industry-based tasks for four months. The big data course contains core big data analytics courses, hands-on practice with cutting-edge technologies, and the confidence to face real-life problems efficiently.
Business management trends and developments are constantly changing, and businesses that fail to keep up may find themselves at a competitive disadvantage. Companies must know new trends such as purpose-driven business, talent management, customer experience, collaboration, and diversity and inclusion. Businesses can position themselves for future success by keeping current on these trends and embracing new management strategies.
Let’s look at the fee structure in one of the most prominent colleges in India, the ITM Group of Institutions.
Program Tuition Fees Structure (Fee Components in Rs.)
|Particulars||Year 1||Year 2|
|Seat Reservation Fee (Part - 1 )||25,000|
|Tuition Fee (Part - 2 )||4,95,000|
|Total Program Fees||10,95,000|
After completing your post-graduate diploma in management, you will have several employment options. The PGDM training trains and polishes the essential skills in the business management industry: leadership and management. Entrepreneurs, researchers, educators, instructors, and other basic choices are open to PGDM graduates.
In the Private Sector: The private sector always looks for candidates with strong managerial and operational abilities for various positions. Top businesses even organise campus recruitments in prestigious institutions to obtain the best PGDM.
Research organisations- Based on your specialisation, you can also apply for positions in finance, information technology, human resources, business research, and business marketing departments.
After completing your PGDM course, you will have several career possibilities in research organisations and institutes. You can apply for positions such as analytical specialists, business analysts, etc.
Public sector- Many management-level positions are available to PGDM graduates in the public sector. The only thing you need to consider when looking for work in the public sphere is opening. Look for any suitable openings and submit them as soon as possible.
As a PGDM graduate, you can pursue managerial positions in the public sector. Working in the public sector can provide valuable experience applying organisational skills in the real world.
This blog about the emerging trends in PGDM will help you choose the right career and take you towards a bright future.