Post Graduate Diploma in Management

By admin | Last Updated Dec, 2021

Post Graduate Diploma in Management course details

PGDM or Post Graduate Diploma in Management is a Masters’ diploma in Management and it provides in-depth education of the various Management and business-related complexities. It is offered by many autonomous business schools in India.

PGDM is a 2 year-long postgraduate course and to be eligible to pursue it, candidates must have a graduation degree from any stream. Although, entrance is mostly based on the performance in entrance exams such as CAT, XAT, MAT, etc.

PGDM is considered equivalent to MBA but the general fees for pursuing PGDM are quite high as compared to MBA courses offered by various universities. Even in curriculum, it is similar to MBA but it lays emphasis on the practical knowledge of management. That’s why a lot of students and working professionals prefer this course as it gives them the ability to tackle and overcome regular challenges that come within an organization.

Popular PGDM Specializations

PGDM in Human Resource Management
PGDM in Information Technology
PGDM in Banking
PGDM in Finance Management
PGDM in Digital Marketing
PGDM in International Business
PGDM in Supply Chain Management
PGDM in Sales and Marketing

PGDM(Post Graduate Diploma in Management)Overview

Degree Name Post Graduate Diploma in Management Duration Two years Eligibility Graduation in any stream Admission process Entrance Exams / Direct Admission in some colleges Course Level Postgraduate Diploma Average Fees INR 3 to 12 Lacs Top Colleges IIM Kolkata, NMIMS, etc. Top recruiting industry Banks, Educational Institutions, Law Firms, Consultancies, Hotels, and Resorts, etc. Average Salary INR 4 to 10 Lacs.

Why do a PGDM course?

The world is very diverse and everything is changing so rapidly before you get a chance to settle down. Organizations, companies, and firms are also changing according to the latest advancement in technology. That has aroused the need for skilled managers, leaders, special executives, team leaders all around the world. That’s why PGDM is one of the most popular courses among the students of management and administration.

Students of any discipline can pursue this course. This course will definitely help you to give shape to your careers. You just need a Bachelor’s degree in any stream and you are good to go.

This course is considered interdisciplinary and gives insights on management along with accountancy, economics, and administration subjects because that’s what the industry requires.

PGDM helps students put themselves in the current requirement of the industry. As the demand for skilled leaders and managers is increasing tremendously and companies spending millions of dollars on training and development, this course can give you an edge.

PGDM will help you to climb that ladder of success. It comes with certain advantages like quick salary hikes, promotions, CV enhancements, etc.

Types of PGDM

PGDM has become very popular since the boom in the business industry. There has been a dramatic surge in the demand for PGDM professionals. And so, there are different types of PGDM options available to students. If you are already working somewhere and want to climb up the ranks, you can opt for the distance PGDM course or online PGDM course whatever seems best to you.

Regular PGDM

Regular PGDM is a 2-year postgraduate course and the most popular too. It upgrades students with the latest trends in the industry and the complete overall business knowledge. Also, helps them to pick a smooth career.

Entrance is granted via Entrance examinations like CAT, MAT, XAT, GMAT, etc at the national and university levels.

In Regular PGDM, there are many specializations like Finance, Digital marketing to choose from.

IIMs are best known for offering PGDM courses. Apart from that, top colleges and universities in India also offer PGDM.

Online PGDM

PGDM courses are also available online. They are short and effective. Gives you a major understanding of the subjects chosen. The extensive knowledge of management-related courses can be very fruitful if you want to gain ranks in your professional career.

Students get to learn more than what is in the syllabus.

It saves your traveling time and expenses on accommodations.

No particular time limit to complete the syllabus. So students can work at their own pace.

Since it’s an online class, the fees are less compared to the regular PGDM.

Makes students proficient in Computer Applications and helps them to develop a superior understanding of the business models.

Distance PGDM

As the name suggests, PGDM(Post Graduate Diploma in Management) from distance education is a planned form of education where doesn’t take place on a college campus, instead away from the source of the teacher. A few of the reasons why you should take Distance PGDM are down below.

Cut down on the expenses of buying books and use them somewhere else where it is more productive.

You can work and study both. There are unlimited college options if you are pursuing distance education in PGDM.

You don’t have to leave your workplace and you will be updated with the program and the subject.

MBA vs PGDM, which is better?

MBA and PGDM are both additional postgraduate level management courses and the core subjects for both are the same. If the PGDM course is accredited by AIU, it makes it equal to MBA. There are many private universities that provide PGDM. In terms of recruitment or a job interview, both MBA and PGDM are considered equals.

PGDM Specialization and Courses

PGDM is usually a 2 year-long postgraduate course. The second-year is the time when students have to opt for a certain specialization. Students must choose the perfect specialization based on their area of interest. Why specialization? Because it will provide a detailed understanding and expertise on the subject. Factors like scope, career growth, upcoming opportunities should be in mind while choosing a specialization. Down below is the list of the PGDM specializations.

PGDM in Marketing

Marketing is the most popular and dynamic specialization. There are different types of marketing and are the backbone of any organization. It covers consumer data, customer relations, sales, advertisement, branding, digital marketing, etc. The only prime skill one need is a way of talking (superior communication skills) in this field.

PGDM in Finance Management

This course specializes in dealing with all the financial management categories. Like Financial Database, Banking and Taxation, Risk & Insurance, Management accounting, Security Analysis, International Finance, Company merger acquisition, and much more. You should be very good with analytics if you want to pursue this course. It promises a bright future though as financial officers are very high in demand and get paid very well.

PGDM in Human Resource Management

Human Resource is amongst the most integral part of any organization. This course will teach students how to be a part of the most important resources of any company, that is people. You will develop skills in people management. It is one of the most prioritized niches in PGDM. It is also one of the highest paying ones too.

PGDM in International Business

PGDM in international business is a business analytics subdomain and it deals with the knowledge of the trading of goods and services, knowledge, currency, technologies across the international borders. Since it includes international transactions, it is one of the most sought-after and one of the best paying niches as well.

PGDM in Information Technology

This course is designed to create IT professionals who have advanced critical thinking and whose skillset can be applied for the solution of a wide variety of problems. It is for those IT graduates who want to bring their careers to new heights. Basically, it amplifies your chances of working in a higher position and earning much higher than you were before.

PGDM in Banking

Banking is amongst the most dominating sector in India and is one of the highly sought-after. That’s why an advanced course such as Post Graduate Diploma in Management in banking and finance would elevate your chances of becoming a pioneer in this field. It involves categories like Bank life risk management, liquidity management, HR management, etc.

PGDM in Supply Chain Management

It is an advanced course and plays a major role in all the movement and storage of raw materials, inventory, finished goods from the point of manufacturing to the point until it reaches consumers. Since this industry deals with household stuff, they need highly skilled and effective managers and they get paid very handsomely.

What is the right time to do PGDM??

As mentioned before, the PGDM course is done to meet the high requirements of the industry and efficiently solving industrial problems. But, what is the perfect time to do PGDM?

Okay, so you must be thinking, it is a postgraduate course, so it’s obvious to do it after your graduation, right? But according to studies, PGDM after graduation is not as prolific as doing it once you have enough real-life working experience. Applying to top-notch companies would require at least 4-5 years of experience and adding that major additional skill on your CV would only help you in getting that dream job.
Pursuing PGDM could be drastic for your wallet. As the cost for doing PGDM has increased significantly since its demand increased. This has lead to many students dropping midway as it is unable for them to bear the expenses. If you already have a job, you will be financially stable.

Eligibility for PGDM

All the candidates who want to enroll must possess a bachelors’ degree with at least 50% aggregate in any course from a reputed institute or college. But in case, you want to enroll in the best institutions like IIMs, you need at least 60% marks or 6.5 CGPA in your graduation.

Top PGDM Exams and Admission

Students have to clear PGDM exams like CAT, XAT, GMAT, MAT, SNAP, CMAT, ATMA

Fees for pursuing PGDM range between INR 1 lakh to INR 20 Lakhs

Post Graduation Diploma in Management Salary

If you have completed your salary, chances are you will be offered awesome salary packages even on the campus placement. Even apart from campus placement, your skills, experience, and vibe can get you a very handsome salary package.

Entry Level – INR 2.5 to 6 lakh

Experienced – INR 7 to 15 lakhs

At Top Level – INR 15 to INR 30 and more

PGDM Scope

Individuals who act and work like leaders are the most valuable people on the planet. Not only do they go to higher places, but they also take their team along. The PGDM is supposed to bring out the hidden leaders and managers in a person. PGDM usually leads to getting a high reputed job in the public and private sectors.

There are endless opportunities for PGDM graduates. Students who have polished their management skills can climb ranks higher than anyone else. Industries like Private firms, various research organizations, consulting firms, retail banking, financial advisory

hire PGDM graduates in high salaries.

Various companies offering Jobs to PGDM graduates

Abbott

ICICI Bank

CBRE

Yes Bank

Airtel

KPMG

Accenture

Tata Capital

Time

99 Acres

Magic Bricks

Union Bank

Top Cities offering jobs to PGDM graduates are:

Delhi

Bangalore

Mumbai

Chennai

Hyderabad

Career Prospects after PGDM

When you get a PGDM degree, a lot of opportunities and doors will open for you which were not in the options before. There are so many opportunities in both the public and private sectors. Students get a place according to their specializations. Positions available after getting a Post Graduate Diploma in Management degree are mentioned below.

Financial Advisor

A Financial Advisor deals with the financial needs of a company. They deal with the investment, expenses, and insurance-related work. They also help individuals and new startups and establishments to find out the best way to generate finance and meet their expectations.

Business Analyst

A business analyst’s role is to fill the gap between business and IT. This is an automated position where only smart hire is kept accountable. Business analyst has to do growth analysis, data analysis, and the wit to understand what business wants right now. This is a very demanding job but it pays really well.

Human Resource Manager

The human Resource Manager makes sure that the staff and employees of its organization or company are maintained effectively. They do all the recruitment, talent acquisition, smart employee development program, and much more. HR manager is the backbone of a successful company. They also get paid well enough for all this hard work.

Relationship Manager

Relationship Managers usually work alongside the sales team and also the marketing team. They deal with the consumers and clients directly and on their complaints and give them the best and satisfactory solution.

Market Analyst

They are the senior sales executive and deal directly with the sales and marketing of all the products that their company offers. They create future sales targets and also the functioning of the sales department of their company.

Top PGDM Recruiters

Placement and recruitment can be depended on many things. Like the score, you get in PGDM, group discussion, and the interview. Whether its a campus placement interview, random walk-in or through consultation agencies, you must know that are many big MNC companies that give awesome salary and great work environment. Check out the list below.

Godrej & Boyce Manufacturing

Vodafone

Infosys

ITC

Hindustan Unilever

Deloitte

PWC

Mckinsey