Post Graduate Diploma in Management (PGDM) is a two-year business course that meets industry needs and aids management aspirants in developing relevant hard and soft skills to become management professionals who are prepared for the workplace. It is a diploma program rather than a degree program because only institutions under the control of the University Grants Commission (UGC) are authorised to grant degrees. AICTE-recognized independent B-Schools offer a 2-year diploma program emphasising practical management knowledge. Both the PGDM and MBA courses deal with business studies at the postgraduate level.
Since the PGDM Syllabus is market and industry-focused, many working professionals and students favour this management course. It adapts its curriculum to reflect the most recent market trends. Most MBA candidates want to work in a high-profile management position for a multinational corporation. Many seek employment that will give them numerous opportunities to demonstrate their aptitude and abilities, stretch their knowledge and thinking, and satiate their competitive nature. With courses on various business functions like Marketing, Operations, Finance, Business Analytics, HR, and Organizational Behavior, the PGDM program prepares them for this. The program also teaches participants soft skills like teamwork and communication to develop progressive and mature leaders.
WHY PURSUE PGDM?
The PGDM program is very demanding for students who want to pursue careers in management. The needs of Organizations, Institutions, Companies, etc., are also changing due to the world’s constant change. All over the world, there is a big market for managers, leaders, functional heads, and specialised executives.
- Any student may enrol in this course: The PGDM Syllabus is made to help students in any field shape their professional lives. For their overall development, students who have earned a Bachelor’s degree in any discipline with the necessary percentage can enrol in the PGDM program.
- Interdisciplinary Course: The Postgraduate Diploma in Management is a multidisciplinary course that combines management, accounting, economics, and other streams to meet industry needs. Instead of just being proficient in one area, the PGDM course provides the students with a broad spectrum of knowledge.
- Getting Future Managers Ready: The need for quality managers is growing in the nation daily. Organisations frequently spend significant money on their employees’ training and development to meet the industry standards. The PGDM program assists students in positioning themselves for the markets’ and industries’ current needs.
- Leverage Current Salary or Job Position: The PGDM program aids students in moving up the pyramid ladder. It offers salary increases, promotions, CV improvements, and other benefits by keeping up with the market’s demands.
As an aspirant, you must choose the appropriate program and business school for your career needs. You must strive to be accepted to get the most return on your investment (ROI) from your two years at a top business school. A full-time PGDM program is a significant financial commitment and a once-in-a-life opportunity – it’s critical that you make a wise choice. The curriculum of a top-tier PGDM program is known for being industry-focused. Businesses today, for instance, depend heavily on data and require expertise in cutting-edge technologies like artificial intelligence, machine learning, business analytics, and design thinking.
Types of PGDM:
There are numerous alternatives open for the students to select from the various PGDM courses offered due to increased demand for PGDM courses. For instance, a professional who wants to enrol in a PGDM program to advance professionally can choose between a PGDM distance education program and a PGDM online education program, depending on which option is best for them.
|Types of PGDM||Eligibility||Admission||Fees|
|Full Time||Bachelor’s Degree with 50% marks
For IIM 60% marks
|Entrance Based||INR 4- 24 LPA|
|Online||Bachelor’s Degree||Merit-Based||INR 10,000-15,000|
|Distance||Bachelor’s Degree||Entrance Based||INR 30,000-50,000|
PGDM v/s MBA:
Although the MBA and PGDM are not the same, their core subjects are. A PGDM program at an institute is equivalent to an MBA if it has AIU accreditation. The majority of private universities offer PGDM programs. MBA and PGDM courses are considered to be identical during the hiring process.
The following list includes some of the differences between an MBA and a PGDM:
|Full-Form||Master of Business Administration||Post Graduate Diploma in Management|
|Qualification||Degree Course||Diploma Course|
|Duration||2 years||1-2 years|
|Eligibility||Graduation in any UG course of any stream with a minimum of 50% of marks in UG from a recognised university||Graduation in any UG course from a recognised institution|
|Admission Process||Entrance Exam||Entrance Exams as well as Direct Admission in some institutions|
|Fees||INR 2-20 LPA||INR 4-24 LPA|
|Subjects covered||Financial Management, Human Resource Management, Customer Relationship Management, Marketing Research, Operations Management, Human Resource Management, Executive leadership skills, etc.||Financial Accounting, Business Economics, Basics of Mathematics and Statistics, Marketing Management, Business Communication, Human Resource Management, etc.|
|Average Salary||INR 7 – 10 LPA (starting salary)||INR 12 – 15 LPA (starting salary)|
|Entrance Exams||XAT, NMAT, SNAP, ATMA, CAT||MAT, CAT, CMAT, XAT, GMAT|
|Job Opportunities||HR Manager, Business Analyst, Marketing Manager, Finance Advisor, Investment Banker, etc.||Project Manager, Data Scientist, Auditor, Tax Specialist, Consultant, etc.|