Table of Contents
- What is a PGDM course?
- Advantages of a PGDM course
- PGDM course eligibility
- Required skills
- Top PGDM colleges in the world
- Key takeaways
While most people are well acquainted with an MBA degree, the air around a PGDM course may not be that clear. The fact that it is a diploma course raises a few questions that we shall find answers to in this blog.
What is a PGDM course?
PGDM stands for Post Graduate Diploma in Management, and the PGDM course duration is two years. The program is for students who aspire to develop relevant skills to transform into industry-ready management professionals. PGDM course programs add immense value and are in high demand. Moreover, there are several PGDM courses. Here we enlist the five most exciting streams available for the PGDM course and are popular among students-
1. PGDM in Marketing
Our daily lives revolve around various products and services, and marketing is an integral part of it. The related activities include a promotion, advertising, and sales. Thus, this specialization is a good option for those who are vocal, outgoing, and persuasive. This course also helps you understand the significance of marketing in modern businesses. You will learn about the market and how to interact with customers, and be a part of projects and internships.
2. PGDM in Human Resource Management
Specialization in Human Resource Management can be extremely valuable. This is one of the most evolving fields. The management of an organization is responsible for recruiting, training, and developing individuals working in an organization. Human resource courses also function by targeting the various modern-day, solution-oriented education. Students pursuing this course must note that every industry requires HR professionals. The major duties they have to perform are posting job ads, organizing resumes, evaluating and shortlisting eligible candidates, hearing out employers, etc.
3. PGDM in Finance Management
One of the most critical functions of an organization, business, or company is to carry out its financial activities properly. As a finance manager, you will learn everything about managing finances in any industry. Subsequently, the activities include analyzing and reporting various financial statements, planning and managing cash flow, and accounting.
4. PGDM in Business Analytics
The subject of business analytics involves the study of different actions to be taken that result in the betterment of a business. A business analyst will plan, manage, and make necessary changes that seem beneficial for a business based on the analysis. There are several data available for analysis. You need to research them and work keeping in mind the organization’s best interest.
5. PGDM in Information and Technology
IT is one of the fastest-growing industries in the world. This particular course effectively prepares students by providing them with deep knowledge of the sector and helping them understand the core concepts. They train students to face dynamic and fast-paced information in the industry for successful careers. The industry opens up a range of lucrative prospects for professionals. In today’s digital world, the need for IT is felt in our everyday lives. It is an expanding field requiring many dedicated and efficient professionals.
Advantages of a PGDM course
There are many advantages of pursuing a PGDM course. It must be noted that the advanced knowledge students gain by taking up this degree program makes them ready to enter the industry and enhances their confidence and prepares them to take up the challenges of a more advanced role.
All in all, here are a few reasons for pursuing PGDM-
1. Enhances skills
Pursuing a PGDM degree will ensure that you have enhanced skills and in-depth knowledge of the field. It allows you to brush up on your interpersonal skills like communication, thinking, and decision-making. You also get a lot of hands-on corporate exposure during this course.
2. Choice of specializations
When you enroll in a PGDM course, you can choose according to your preferences. There is an array of courses from healthcare management to international business, and each one gives you good options during placement.
3. Great job opportunities
A PGDM degree definitely allows you to grow as a professional and build global networks. It gives you practical exposure to industries through internships and projects. Some well-reputed institutions have tie-ups with leading companies to provide you with a kick-start to your dream career. You can have lucrative offers and be shaped into outstanding individuals.
4. Better pay scale
Top companies worldwide are interested in hiring candidates with PGDM degrees as they already get real-time exposure to the business world apart from intense classroom sessions. They are trained and can earn an average salary between $20k and $50k or more, depending on various factors and experience.
PGDM course eligibility
When talking about PGDM course admission in any college, there are certain criteria you must fulfill. Every college has a different set of eligibility criteria, but here are a few common ones-
- A minimum of 50% marks is required in a bachelor’s degree for students to get admission to a college for a PGDM course.
- You may have studied any course in class 12th from any recognized college or institute.
- There is no age limit for aspirants to pursue a PGDM course.
- Students must pass the entrance examination if the particular college has one.
Apart from a full-time PGDM course, you can opt for PGDM distance education. It allows a person to work and study simultaneously, which means they can stay updated with the subject without leaving the job, and there are more college options in distance education. Notably, PGDM course fees (distance education) are comparatively lower.
Online PGDM courses are also an option. Various online platforms offer such courses, and they can be helpful if you are already a professional and looking forward to enhancing your skills and level up. It cuts the travel time, and the online PGDM course fees are less compared to offline ones. Also, it gives you a better understanding of trending topics.
Along with the course of study, developing good skills is very important to take you forward. Undergoing a PGDM course makes you job-ready and teaches you the managerial skills that are in demand today. Here are a few basic skills you may develop when pursuing a PGDM course-
- Logical reasoning
- Leadership quality
- Computer skills
- Mathematical skills
- Communication skills
- Decision-making skills
Top PGDM colleges in the world
Many resources may help you select the best college. You can take some counseling to gain more knowledge about a particular field and what the college offers. PGDM course details such as faculty, cut-off marks, placements, ranking, and fee structure are important factors influencing your choice. As a matter of fact, some top educational institutes provide students with several streams to choose from and make a career out of it. Given below is the list of universities offering the best PGDM course-
- University of Oxford
- Imperial College London
- University of Chicago
- Columbia University
- Yale University
- University of Pennsylvania
Students of any stream can choose to pursue PGDM courses. The PGDM course syllabus is designed in a way that can be studied and understood by students coming from any field. It is an interdisciplinary course and gives students a broad spectrum of knowledge in more than one subject. It prepares excellent future managers as most organizations spend a tremendous amount of money on them.
We hope you enjoyed reading this blog. For further assistance, reach out to us or drop a comment below!
Like this Blog? Read more: Complete list of 100 graduate schools with low GPA requirements.
Q1. Which course is better, MBA or PGDM?
Answer- MBA and PGDM are both popular management programs. The main difference between the two is that while MBA focuses on theoretical skills, PGDM is more practical and industry-oriented. In addition, the PGDM course fee may be slightly lower than MBA and varies from institute to institute.
Q2. Which job profiles will I get after doing a PGDM course?
Answer- Several job profiles are available with great salaries after completing a PGDM course. You can be the chief financial officer, investment analyst, training specialist, business analyst, auditor, HR administrator, business development manager, etc.
Q3. What is the best time to do PGDM?
Answer- After gaining work experience for a few years post-graduation, you may sign up for a PGDM course. Major companies always look for 3-4 years of work experience, and it can be the best for your future.