What is the full form of PGDM?
PGDM stands for “Post Graduate Diploma in Management.”
Overview of PGDM Course:
PGDM is a two-year postgraduate diploma program that is considered equivalent to an MBA (if AIU accredits the college) and prepares students for an exciting career in Management. The critical feature of PGDM is that it focuses more on practical learning, while MBA is inclined more toward theoretical concepts. Also, the PGDM curriculum is industry-oriented. It is revised and updated regularly, thus following the latest market trends and industry requirements. At the same time, the MBA syllabus is not updated periodically and remain the same for many years. The eligibility criteria to pursue a PGDM is graduation (ideally from the commerce stream) with at least 50% marks from a recognized university. In addition, interested candidates have to appear and clear various examinations like MAT, CAT, XAT, GMAT, etc., followed by GD, PI, etc. Some institutes also conduct their entrance exams to shortlist candidates for this course.
Why should you pursue a PGDM Course?
Today, one of the most sought-after courses in Management is PGDM. This 2-year postgraduate diploma course prepares you for a career in Management by providing skills and knowledge that help you perform well in the industry. Since the curriculum is based on the latest industry trends, your chances of cracking interviews, getting into good organizations, and bagging lucrative salary packages are increased.
The course teaches you what the industry wants, which is the USP of this in-demand course.
Some of the salient features of this course are discussed below:
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- Industry-oriented curriculum: What makes this course worth doing is its regularly updated and industry-based curriculum. This feature makes it ideal for students who want to enter the corporate world as managers who can handle complex work environments. The skills and knowledge gained during the two years make PGDM pass-outs a preferred choice for employers in their home country and globally.
- Updated and relevant Subjects: During the program, subjects like Logistics and supply chain management, Marketing Management, Human Resource Management, Financial Management, International Business, Business Analytics, etc., are taught with a focus on case studies and real-life examples.
- Aimed at Holistic and Skill-Based Development : The primary objective of PDGM is to prepare students for the corporate world by providing them with the necessary skills that would help them to lead their organizations effectively. The updated curriculum, frequent industry exposure, internships, practical training, skill-based training, and personality development sessions aim to make them employable and an asset to their organizations.
- Provides a platform for a successful career path: PGDM acts as the stepping stone to a successful corporate career for students by helping them enter into top organizations at lucrative salary packages. Since the program is focused on skill building, it boosts the employability quotient of the students and makes them the preferred choice for employers. Regular internships give much-needed practical exposure to students and make them aware of the actual work conditions. PDP sessions enhance the students’ personalities and give them the confidence to crack interviews. Case studies help the students develop their critical thinking, communication, decision-making, and leadership skills and provide them with the knowledge and skills to handle various challenges in the workplace.
Syllabus/ Curriculum of PGDM Course?
The syllabus/ curriculum of PGDM is divided into two divisions- on one side; we have compulsory subjects that teach you the core fundamentals, while on the other hand, we have elective subjects that help you to gain specialized knowledge and skills in a particular area.
The entire course is divided into four semesters and comprises various subjects, some of which are listed below:
- Management Functions and Behaviour
- Human Resource Management
- Marketing Management
- Operations Management
- Managerial Economics
- Strategic Management
- Financial Management
- International Business
- Research Methodology
- Management Information Systems
General PGDM Specializations:
Some of the most popular specializations are PGDM Marketing, PGDM HR, PGDM Finance, and PGDM IB, to name a few.
Eligibility Criteria for PGDM Course:
The eligibility criteria for admission to the PGDM course is Graduation (Commerce stream preferred) with a minimum of 50% from a recognized university. There is no age restriction as such to pursue this course. Relaxation in marks is given for the SC/ ST category as per the Government policies.
Approx. Fee for doing the PGDM course:
The average fee/ cost of doing PGDM from a good institution is INR 3 Lac TO INR 12 Lac.
PGDM Admission Process:
Admissions to PGDM are usually based on entrance exams conducted by various bodies. These include CAT, MAT, XAT, GMAT, SNAP, CMAT, ATMA, etc. (As per the institute or state where scores of these exams are accepted). Once candidates qualify for these exams, they are further invited to appear in Group Discussions and Personal Interviews. The final selection is based on the candidate's performance in both these parameters.
Note-
- For admission at IMEC Rudrapur, valid scores of CAT/MAT/ CMAT and IMEC Entrance exams are considered.
- This is followed by GD and PI rounds. After successfully clearing, the students are finally offered seats in the program.
- The PGDM program offered by IMEC is approved by AICTE, Ministry of Education, Govt. of India.
- At IMEC, the primary specialization offered is PGDM Marketing Management, while Human Resource Management or Banking & Finance are provided as the minor subjects for specialization.
- Students are also provided industrial training/internships in reputed organizations for 8-10 weeks.
- The institute has a placement track record of around 95%, with over 200 recruiters across the industry.
- The highest CTC has been around 6 LPA, while the average CTC is around 3 LPA.
Scope after doing the PGDM Course?
The demand for skilled professionals is growing daily as business houses seek to employ experienced and talented management students for their organizations. Since the industry trends are changing fast, employers are looking for dynamic professionals who can adapt to the changing demands of the industry. Doing PGDM from a good institution like IMEC gives you the necessary skills and knowledge to help you face real-world business challenges confidently.
Doing PGDM opens up a lot of career opportunities for you. It helps you get lucrative jobs in various industries like IT, Banking and Finance, FMCG, Consulting, etc. After the course, you can find employment as a Marketing Manager, Business Analyst, Operations Manager, Human Resource Manager, Finance analyst, etc. You can also go for higher studies and do Ph.D. etc. in your preferred stream.
In a nutshell, PGDM is a future-proof and in-demand course, and doing this from a good institution can catapult your career to new heights. After doing the course, you can expect to earn average salaries in the range of INR 4LPA to INR 18 LPA (depending upon the company and your area of specialization).
So, if you want to enter the corporate world as a competent Management Professional, consider doing PGDM from a good institution like the Institute of Management and Education Consultancy (IMEC) and this could be one of the BEST CHOICES you can ever make.
