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A Post Graduate Diploma in Management (PGDM) study is the equivalent of a postgraduate degree in management. These courses have been recognised by the AICTE (All India Council for Technical Education) and are offered in some of India's most prestigious non-autonomous colleges.
PGDM courses are an excellent alternative to postgraduate degrees, especially if completed at a reputable school. If a PGDM course at an institute is approved by the AIU (Association of Indian Universities), it is equivalent to an MBA. These courses are crafted by some of the industry's brightest brains and equip students to be comprehensive experts. Typically, these courses last two years.
Specializations for the PGDM Courses in India
You can select from a variety of specialities in PGDM courses in India. Because the first year of your PGDM degree is dedicated to studying the principles of management and creating a firm foundation, you must pick your specialization in the final year.
The following are the PGDM specializations from which you can choose:
- PGDM in Marketing
Marketing, one of the most popular PGDM specialties, is concerned with the marketing, advertising, and sales of the company's products or services. This is a speciality for extroverted and ambitious candidates.
- PGDM in Finance
PGDM in Finance is associated with accounting and finance. Aspirants with a knack for numbers might consider pursuing a finance concentration for their PGDM, as they will be able to find work in a range of high-paying businesses.
- PGDM in Human Resources
Human resources (HR) specialty is concerned with the management of resources within an organizational framework. Human resources (HR) is a fundamental and crucial aspect of most enterprises, as well as a rapidly increasing discipline.
- PGDM in Operations
The Operations PGDM speciality is focused with a company's operations. Some of the key duties involved in operations include planning, strategizing, and executing, however the majority of the time you learn how to operate a company.
- PGDM in Information & Technology
IT is undoubtedly the world's fastest expanding sector, not only in India. People are required for the sector to continue growing at its current rate. This is a wonderful industry to work in if you want to make a nice livelihood and satisfying career.
- PGDM in Research & Business Analytics
The quantitative study of firms is the focus of research and business analytics. This programme combines business, science, research, statistics, and technology.
- PGDM in Enterprise Management
Enterprise management is concerned with the day-to-day operations of a company through the use of ERP, which is specialized business management software that is comprehensive in its delivery.
- PGDM in International Finance
Consider economics and finance on a macro scale. International finance is distinct from regular finance and, when paired with a US-CPA, qualifies students to work in finance abroad.
- PGDM in International Business
In this specialty, you will study about worldwide company operations. This specialty teaches you everything from international laws and procedures to managing global corporations.
- PGDM in Supply Chain & Logistics
These specialities are part of the company management process. Supply chain management is concerned with managing all parts of the supply chain in manufacturing-related organizations, whereas logistics is concerned with managing the complicated logistics of the entire operation.
Eligibility and Admission Criteria for PGDM
Admission standards and eligibility requirements may range from one institute to the next. However, in the case of most PGDM education schools, there are a few common requirements you must meet in order to be eligible for admission to the PGDM programme.
The following are the general eligibility requirements for a PGDM degree:
- You must be a graduate with a cumulative score of 50% or above.
- Some institutes demand the completion of entrance exams such as the CAT, CMAT, GMAT, or XAT.
- Some institutes may additionally need you to pass their interview procedure, which may include essay writing, group discussions, personal interviews, and so on.
Scope of PGDM in India
Following your PGDM, you will have a plethora of job options. Because this education is equal to an MBA, you will have similar employment options. You can be chosen for management-level roles in a number of businesses, but this is mostly determined by your specialty.
You are also qualified for technical positions with a competitive wage and benefits package. The relevance and popularity of PGDM courses is increasing rapidly, making it a fantastic option to pursue after graduation.
The Benefits of Doing a PGDM Course
If you hold a PGDM, you will have an edge over other postgraduate degrees. PGDM programmes are among the most sophisticated and accessible, with the goal of providing students with as much theoretical, practical, and technological knowledge as possible.
The following are some of the advantages of earning a PGDM degree:
Inexpensive compared to an MBA - Despite being equivalent to an MBA, PGDM courses are less expensive while giving the same benefits.
Entrepreneurial Scope - If you want to be an entrepreneur, this course will provide you all of the information and training you need.
Excellent Academics - You will be able to study with some of the field's finest faculty, who will also mentor you.
Career Opportunities After PGDM
Here are some of the career options that you could pursue after your PGDM:
Data Scientist: This is the most in-demand career in the world right now. A specialized PGDM in Business Analytics can guarantee you the career of your dreams.
Consultant: Consultants are those who have extensive understanding in the subject matter. Companies such as Mckinsey, BCG, Deloitte, PWC, E&Y, and others employ students and pay them highly.
Project Manager: Project Manager: Management students comprehend resource usage and distribution. This role is particularly in demand in the IT business, where a PGDM in Enterprise Management might come in useful.
Auditor: An auditor reviews the finance and balance sheets for the company. They are very crucial in helping organizations maintain their balance sheets to avoid complications from the IT department.
A PGDM in International Finance will ensure your place in this job and other jobs like:
General Accounting: A general accountant is in authority of everything from financial statements to stock valuation and taking.
Tax Accounting: You can train to be a tax specialist, a sales tax specialist, or any other tax-related position.
CISA: The firm's IT governance is overseen by a Certified Information System Auditor.
Education: If you enjoy educating students, you may also become a faculty member at a reputable management institution.
Entrepreneurship: An excellent PGDM programme will equip you to comprehend business and all of its facets. You will be able to minimize domain knowledge restrictions if you had an idea that you couldn't perceive ahead of time owing to domain knowledge limits.
Why Should You Pursue a PGDM Degree?
In addition to the Top Reasons Why You Should Choose PGDM Courses, here are 5 Reasons Why a PGDM Degree Is Important to Make It Big in the Business World:
- There are several professional options.
- A very attractive remuneration package.
- A management degree is a useful means of achieving success.
- It aids in the development of your network.
- The knowledge obtained in PGDM will endure a lifetime.
Top PGDM Colleges in India
- Institute of Management Technology, [IMT] Nagpur
- Institute of Management Studies, [IMS] Ghaziabad
- National Institute of Agricultural Extension Management, [MANAGE] Hyderabad
- Goa Institute of Management, [GIM Goa]
- Rajagiri Business School, [RBS] Kochi
- Loyola Institute of Business Administration, [LIBA] Chennai
- Parul University, Gujarat
- Birla Institute of Management Technology, [BIMTECH] Noida
- Xavier School of Management, [XLRI] Jamshedpur
- SIES College of Management Studies, [SIESCOMS] Mumbai
- Institute of Rural Management Anand, [IRMA] Gujarat
- SP Jain Institute of Management and Research, [SPJIMR] Mumbai
- Management Development Institute, [MDI] Gurgaon
- Prin L N Welingkar Institute of Management Development & Research, Mumbai
- Indian Institute of Foreign Trade, [IIFT] Delhi
- IMT Ghaziabad
- Asia Pacific Institute of Management, [AIM] New Delhi
- International Management Institute, [IMI] New Delhi
- Prin LN Welingkar Institute of Management Development, Bangalore
- Lal Bahadur Shastri Institute of Management, [LBSIM] New Delhi
- Great Lakes Institute of Management, [GLIM] Chennai
- TA Pai Management Institute, [TAPMI] Manipal
A good PGDM course will help you make your career in the public and private sector both. You very well can be an entrepreneur, consultant or a freelancer. That's because the right program will ensure that you are skilled and employable. How you use those skills to make your career in your desired career is up to you.
Many colleges and universities offer PGDM courses, and it can be easy to make the wrong choice. However, there are a few things you should look at in a PGDM college and their program to make sure it's legitimate.
Look for AICTE and AIU approval. This means you can trust the college and its course. Also, look for reviews online, and talk to the alumni of the college you are interested in. You will get a much clearer picture.
PGDM courses are a great way to ensure you land your dream job and have a successful career. Just make sure you know which college to select and which specialization to do, which is half the battle won.