We function in a highly competitive environment. One degree is not enough to get that jacuzzi or penthouse you always dreamed. The real trouble, however, comes after being done with the mainstream course that you are pursuing. Many management newbies often get stuck up in this situation.
After a year or two of experience in the management stream, students often get confused about whether to go for PGDM or MBA. A Post Graduate Diploma in Management commonly known as PGDM ensures higher credentials and better job prospects. Although both the courses might have a common DNA but vary greatly. Planning for a PGDM course in India? Here is everything you need to know beforehand.
What is PGDM?
A PGDM (Post Graduate Diploma in Management) is essentially a diploma courses in India offered by various top colleges recognized by the AICTE ie All India Council for Technical Education. These are top PGDM Colleges in India are autonomous, not being affiliated to any university in particular.
Should you prefer PGDM over MBA?
An MBA might sound (rightfully) fancy, PGDM has got cookie points of its own. PGDM courses are more Industry relevant as compared to MBA courses. A PGDM might just give you the right amount of exposure needed to polish your capacities and build your expertise in the field of management. PGDM courses have a flexible curriculum and do not necessarily have to follow university standards. The curriculum moulds itself to the latest industry standards and practices to cope up with the changing business environment, giving you that much-needed industry exposure. Hence we can safely say PGDM courses are better Industry relevant in comparison with MBA courses.
PGDM Fee Structure:
The fee structure differs from institute to institute going as low as 400000 INR for all the six semesters to as high as 2000000 INR and higher. But the general notion that PGDM costs more than an MBA can be trusted. As MBA courses have university standards ruling over them, the fee structure is more student-friendly as compared to PGDM.
PGDM Course Duration in India:
A full-time PGDM (MBA-equivalent) would typically have a course duration of 2 years.
PGDM Course eligibility:
1- Candidates aspiring PGDM need to keep in mind the following eligibility criteria:
2- Students need graduation from a recognized college or university.
3- Candidates need to have secured a minimum of 50% marks in graduation.
4- Candidates who have secured less than 50% marks need to go through entrance exam in their college of choice to score a seat.
Top 4 Colleges offering PGDM in India:
Although there are many institutes offering PGDM courses in India, a few stand out. Here are top four PGDM Colleges in India offering PGDM Courses.
1- IIMs (Indian Institute of Management)
2- XLRI (Xavier School of Management), Jamshedpur
3- SP Jain Institute of Management and Research, Mumbai
4- NMIMS (Bangalore/Hyderabad)
PGDM Syllabus in brief:
Universities and colleges offer a plethora of specializations such as Human Resource Management, Marketing Management, International business, Operational management etc, the syllabus can broadly be classified and grouped under the following subjects :
1- Financial Accounting
2- Business Economics
3- Basics of Mathematics and statistics
4- Business English
What are jobs to look out for after PGDM?
PGDM qualifies aspirants for a myriad of managerial jobs. A few of them are:
1- Human Resource Development Manager
2- Tourism Manager
3- Teacher / Professor
4- Columnist/ Publisher
5- Hotel and Catering Management
6- Public Relations Officer
7- Executive Director
8- Retails and Sales Manager
Should I go for a PGDM Course?
The final answer lies with candidates specifications. A PGDM would undoubtedly help in polishing behavioral skills and gain conceptual. knowledge, prepping you for further higher studies. If you are management aspirant, it is a win-win in any case.
