A postgraduate diploma in management is a two-year full-time course equivalent to an MBA degree, except this course is more professional and relevant to current industry standards. Students from all over India are passionate about pursuing a career in management because of its scope and universality, and this 2-year diploma stands as the best catch to a stellar and established career in management. What makes the PGDM core course stand apart from a course with different specialisations is that the student gains expertise in not one but many arenas that require an integrated approach to various functional units of management in a business environment. It broadens the scope of work and gives them an opportunity to carve a multifaceted and limitless career path. Let us look at various characteristics associated with PGDM core course:
The eligibility criteria for getting admission into an AICTE approved institution is common for all postgraduate courses. Some of the conditions that a student must fulfil are given as follows:
The curriculum for the PGDM course in 2021 contains updated and industry-relevant papers backed with prominent practical application through internships, externships, research projects, dissertations, field works, and much more. The sole approach for this course depends on making students a good fit for industry and adopting a teaching pedagogy that makes them ready for the corporate world soon after their diploma is done. The course is structured equally between two years and is either divided into 4 semesters or 6 trimesters, depending upon the college offering it. The best thing about the PGDM course curriculum is that equal credits are given to the practical work which actually lays the groundwork for real-time work experience, so the students do not devote all emphasis to the classroom theory. This enforces a balanced learning approach among students.
An accurate semester wise breakup of subjects taught under the PGDM core course depends upon the chosen college. However, while the order of these subjects may be different, several common subjects are majorly taught under this course. The subjects range from:
In some cases, other skills such as technical and mathematical skills might also be a prerequisite in careers like information technology management or finance management. But primarily, these are the top 15 skills that anyone taking admission into PGDM programs must possess.
Management through its all-pervasive nature requires a workforce that is not only well versed in various branches of management but also possess certain skills and qualities like decision-making ability, strategic thinking, analytical skills, along with ample conceptual clarity. Any aspiring management professional with a strong consolidation of these qualities can potentially pave his/her way into the leading corporate hubs and business houses in India. Thus, the career options after PGDM can enable a student to work in just about any company with profiles such as Human Resources, finance, marketing, administration, logistics and supply chain management, business analytics, data analytics, and so much more. Tens of hundreds of profiles under these functional areas are open to taking PGDM postgraduates. Lucrative career prospects and handsome salary packages are offered to students who have completed their studies from the leading B schools of India.
Since entrepreneurship is a vital component of the PGDM core course, students always have the option to launch their own start-ups and businesses. In fact, many students consider the PGDM a prerequisite before commencing their own companies because of personal reasons, such as gaining insight into the business world, getting direct mentorship and guidance from industry leaders, networking purposes, cultivating textbook knowledge about business acumen, and much more. Thus, entrepreneurship is a sound career path after PGDM as well.
While there are a huge number of profiles for people who have pursued their post-graduate diploma in management, here are some of the most common job positions that students get placed as:
While there may be more than 500 institutions in India offering PGDM courses, the following is the list of top 15 colleges that students can secure admission into for a fool-proof career plan ahead and added advantage of post graduating from these topmost renowned colleges in India.
PGDM undoubtedly is the course of the future, given its expanse and relevance in the times we're in. From engineering to somebody from a science background, this course is open for everyone who's planning to make their way into managerial positions in their respective backgrounds. In this article, everything about a PGDM course is explained in detail, including its scope, skills and qualities, curriculum structure, syllabus and subjects under it, top 15 colleges, work profiles as well as career options. Comprising everything you need to know about a PGDM course, the students can now decide upon blindly going after this futuristic, and in-demand course with ever-evolving job markets.