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PGDM Explained: Full Form, Colleges, Rankings, Types, Jobs

pgdm full form and complete guide

What Does PGDM Stand for?

The full form of PGDM is ‘Post Graduate Diploma in Management’. It is a 2-year course where you can learn about managing various business operations within an organisation. It is a professional programme similar to an MBA but with some key differences. MBA is a degree programme while PGDM is a diploma programme.

You can pursue PGDM after completing your undergraduate degree, regardless of what subject you studied before. It will help you to develop skills like leadership and an understanding of how businesses work.

As per India Today, the PGDM course has become popular in recent years. The demand for PGDM graduates has surged by more than 120% in recent years. This growth reflects the growing job market and the numerous career opportunities it offers.

Anyone who has a graduation degree and meets eligibility criteria can pursue a career with PGDM courses.

What is The Scope of PGDM Programmes?

In a recent article in INDIA TODAY, Anil Somani, Chairman of FOSTIIMA Business School-Delhi, mentioned the importance of PGDM and MBA programmes in the business landscape.

He emphasised the importance of these programmes to prepare students for success in the fast-paced world of business. Somani highlighted the need to update the curriculum to meet the evolving needs of industries. This will ensure graduates are well-prepared to excel in their careers.

About the Course

  • Emphasis on practical application through case studies, projects, and internships.
  • Constant evolution of curriculum to align with changing industry trends and demands.
  • Integration of soft skills development alongside technical knowledge.

Top PGDM Specialisations

PGDM programmes offer diverse specialisations and courses, including:

Specialisation Description
Marketing Management It is focused on developing skills in market research, consumer behaviour analysis, branding, and promotional strategies.
Finance Management It covers areas such as financial analysis, investment management, risk assessment, and corporate finance strategies.
Human Resource Management It concentrates on recruitment, training, performance management, employee relations, and organisational development.
Operations Management It deals with supply chain management, logistics, quality control, production planning, and process optimization.
Information Technology Management This will help you understand IT infrastructure, systems analysis, project management, cybersecurity, and digital transformation.
International Business It is focused on global markets, cross-cultural management, international trade, foreign exchange management, and global strategy.
Entrepreneurship and Innovation It helps you understand the startup ecosystem, business planning, venture capital, innovation management, and new product development.
Business Analytics It involves data analysis, statistical modelling, predictive analytics, data visualisation, and business intelligence.

Core & Elective Subjects in PGDM

When you are pursuing a PGDM programme, you must have an understanding about the core & elective subjects that will form the foundation of your business education.

The specific subjects may differ based on individual interests and the curriculum offered by different universities.

Core Subjects:

Subject Description
Managerial Communication It is focused on enhancing communication skills for effective managerial interactions and presentations.
Quantitative Techniques I It will introduce you to fundamental mathematical and statistical tools used in business decision-making.
Quantitative Techniques II It will provide you an understanding about the advanced application of mathematical and statistical methods for analysing business data.
Financial Accounting It covers principles and practices of recording, summarising, and interpreting financial transactions.
Information Technology for Decision-Making You will understand the role of IT systems in aiding managerial decision-making processes.
Managerial Economics It will help you in the application of economic concepts and theories to analyse business decision-making and market behaviour.
Operations Management You will be studying principles and practices related to managing production processes and operations efficiency.
Organisational Behaviour You will learn about individual and group behaviour within organisational settings and its impact on performance.
Data Pre-processing for Analytics You will be learning about techniques for cleaning, transforming, and preparing data for analysis in analytics applications.
Financial Management It covers financial decision-making, capital budgeting, risk management, and financial performance analysis.
Macro-Economic Theory & Policy You will be getting an understanding of macroeconomic principles and policies influencing business environments and markets.
Business Strategic & Competitive Advantage You will learn about the analysis of business strategies and gaining competitive advantage in dynamic market landscapes.
Marketing Management It is focused on the study of marketing principles, market analysis, consumer behaviour, and strategic marketing planning.
Legal Aspects of Business It will introduce you to legal frameworks and regulations impacting business operations and decision-making.
Cost & Management Accounting It is focused on cost concepts, budgeting, variance analysis, and strategic cost management techniques.

Core Elective Options:

Elective Description
Marketing Management It is about further studies of advanced marketing strategies, consumer behaviour analysis, branding, and promotion.
Financial Management You will be learning about specialised topics in financial decision-making, investment analysis, corporate finance, and risk management.
Corporate Strategy It is focused on strategic management principles, competitive analysis, strategic planning, and business development.
Operations Management You will be learning about advanced concepts in supply chain management, logistics optimisation, quality control, and process improvement.
Analytics You will be learning about advanced analytics techniques, predictive modelling, data visualisation, and business intelligence.

Admission Process for the PGDM Programme

Here is a simple breakdown of the admission process:

Step 1: Check If You are Eligible

  • Most of the PGDM programmes require a Bachelor’s degree in any field with at least 50-55% marks.
  • You might need some relevant work experience in some programmes, but not all.
  • You have to make sure you meet the programme’s specific requirements before applying.

Step 2: Choose Your Entrance Exam

  • Many PGDM programmes use national exams like CAT, CMAT, XAT, MAT, or GMAT.
  • Some programmes might have their own entrance exams.

Step 3: Apply, Apply, Apply!

  • You have to fill out the application form for your chosen programme carefully.
  • You should submit all the required documents like mark sheets, and certificates.
  • Make sure to pay the application fees on time.

Step 4: Ace the Entrance Exam

  • Prepare well for the entrance exam.
  • You can practise tests, exams, join coaching classes if needed, and focus on your weak areas.
  • A good score will open doors to many top programmes.

Stay positive and believe in yourself!

Modes of Learning

You will find out that most of the universities offer PGDM programmes in three main formats: full-time, distance and executive, catering to the diverse needs of students.

  • Full-Time PGDM

You can definitely go for full-time PGDM programmes. These are mainly for fresh graduates who want to kickstart their careers as management trainees.

If you want to secure job offers from reputable organisations, this mode is ideal for you. It will provide you a comprehensive learning experience within a structured academic environment.

  • Distance PGDM

You can choose a distance PGDM programme if you are a working professional. This mode is popular because of its flexibility which makes it suitable for working professionals with 1-3 years of experience or even freshers residing in remote areas.

Women, including housewives or those on a career break can definitely go for it as this mode of learning provides accessibility and convenience.

  • Executive PGDM

You can ace the work-life balance with the Executive PGDM programme. The Executive PGDM programme caters to working managers, government/public sector officials, and ex-defence personnel.

It is mainly designed for professionals with some work experience who are seeking career growth opportunities. This programme will allow you to take care of your home & work commitments while pursuing higher education.

Top Institutions Offering PGDM Programmes in India

Institution Programme Offered Fee (INR)
Welingkar Institute of Management Development and Research (WeSchool) PGDM 7,00,000 Per Annum
Symbiosis Centre for Distance Learning (SCDL) PGDBA 58,000 Total Fee
S.P. Jain Institute of Management and Research (SPJIMR) PGDM 24,00,000 Total Fee
IMT CDL PGDM 1,25,000 Total Fee
IMI PGDM 6,60,000 Total Fee

How to Find the Right PGDM College?

Whenever you are choosing the right PGDM programme, just remember that it is not simply about picking a specialisation. It is about picking an academic path that matches with your dream.

You will be exploring the ocean of business knowledge, and eventually reaching a satisfying career destination.

When you are selecting the right PGDM programme, you need to think about:

  • Your Career Goals and Future Opportunities
  • The Cost of the Programme
  • The Reputation and Facilities of the Institution
  • Job Placement Opportunities
  • The Courses Offered and How They Fit Your Goals

You can consider these factors to ensure your PGDM journey is both rewarding and successful.

Career Opportunities with Salaries after PGDM

Upon completing your PGDM programme, you will be able to go for the opportunity that suits you well. Here are some promising job roles along with their approximate salary ranges to consider.

Job Role Avg. Salary (per annum)
Marketing Manager INR 12.2 LPA
Financial Analyst INR 5.8 LPA
Human Resources Manager INR 10.7 LPA
Operations Manager INR 10.6 LPA
Business Development Manager INR 7.3 LPA
Project Manager INR 17.2 LPA
Supply Chain Manager INR 14.2 LPA
Management Consultant INR 26.6 LPA
Data Analyst INR 6.3 LPA

Salary Source: AmbitionBox

Takeaway

PGDM courses can be your next step to advance your career. If you have the right skills and knowledge, you can get your chosen job role along with a good salary package.

Moreover, It depends on many factors as well such as experience, industry, and the location of the job.

So, You can definitely consider PGDM courses, if you want to pursue a course for career advancement without worrying about your current job or work.

Good Luck!

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