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What is the full form of PGDM?
The full form of PGDM is Post Graduate Diploma in Management is a diploma course of 2 years that involves the deeper level study of management. With the growing changes in the world, everything has become completely adaptive of change.
With the rapid turning of events and changes, there has also been a growth in the organisations and corporate institutions. With the growth in management, it is necessary that the study of such sections is made deeper and more significant.
What is PGDM?
PGDM aka Post Graduate Diploma in Management (PGDM) is a business management programme that focuses on industry needs and assists management aspirants in developing important hard and soft skills to become industry-ready managers.
PGDM holds a great value in the market and has a really brilliant scope. It is a course that gives the students a practical approach towards industrial knowledge and managerial roles. PGDM is a bit similar course to MBA and follows a pathway to the management sector of the companies in different specializations.
The course fulfils the demand of managers and functional heads in the management field. Likewise, the MBA course, PGDM, also is in high demand and has a high value in the market and in the corporate world. The course also builds a career for students in every field and makes their personality and skills flexible for all the appropriate associating fields.
Quick Overview Of PGDM – Important Facts
| Full Form | Postgraduate Diploa in Management |
| Course level | Postgraduate diploma |
| Duration | 2 Years |
| Eligibility | Graduation from a recognized university |
| Online PGDM Colleges | NMIMS, Amity Online, Jaipur National University, Assam Don Bosco University, etc. |
| Average Fees | INR 50,000 – INR 2,00,000 |
| Job Profiles | Project Manager, HR Specialist, Financial Research Analyst, etc. |
| Average Salary | INR 7 LPA |
What are the Eligibility Criteria for PGDM Programs?
The post graduate diploma courses are less complex when it comes to the eligibility criteria. Moreover, the regular and distance diploma courses, both have the same eligibility requirement.
The eligibility requirement for PGDM is pretty simple, it asks for a graduation degree in any relevant domain with minimum aggregate marks from a recognized university. This eligibility criterion is for both regular and online modes of studying.
However, the regular mode of PGDM has an eligibility criterion that demands:
- At least 50% aggregate marks in the bachelor’s degree.
- The candidates have to sit for an entrance examination and then only they will be eligible according to the marks they obtain in the entrance test.
Furthermore, the online and distance mode of learning does not ask for a specific number of aggregate marks but the distance mode of PGDM also requires an entrance examination by some universities. Hence, the students have to give an entrance exam in whichever mode they apply for.
Most of all, this is the only requirement for PGDM in any specialization and therefore, all the universities will consider this is the minimum basic requirement to be eligible for PGDM course.
Why should I even pursue PGDM?
PGDM; Post Graduate Diploma in Management is a course which is a lot similar to the MBA degree. The course shapes the personality of students or working professionals to work in a professional way. Other than that, the course is not just fixed into one field. It offers exposure to different fields such as accounting, management, finance, economics, and many more.
Hence, the demand and the variety of the course makes it very well pursuable. Furthermore, the value of the course is very much equal to the MBA degree which makes the demand for managers in the companies high and worthy. The course helps in developing future managers and also provides high salary packages. Thus, if you are thinking of pursuing PGDM; you are probably thinking right and going for the best choice.
Does one require work experience to be eligible for PGDM?
PGDM does not specifically ask for work experience to be eligible for the course. However, there is a benefit if the candidates have 1-3 years of experience in the management field or any of the fields of their specialization. It is not a compulsion but it will benefit the candidates in a better understanding of the course and their field.
Moreover, even though there is not any sort of compulsion in the work experience requirement, it might be possible that some universities still ask for it in the regular mode of learning. Distance learning of the course will definitely not ask for such a requirement, that is for sure. But the candidates are advised to do full research on this while applying for a regular learning program at any university for PGDM.
What is the average salary after the completion of PGDM?
Since the course is known to be similar to MBA, the salary packages will have the same benefit too. PGDM graduates generally have an average salary package of 6 to 15 lakhs per annum and above that. This package is for the freshers, which tells us that with skills and experience the package will get higher and higher.
However, the course is already known to provide high salary packages and a career path known to be remarkably excellent. Hence, the bottom line is the packages rise with work experience and the skills of the candidates; so, yes PGDM will provide the students a settled life ahead.
Do I need to give any entrance exams for PGDM?
Certain entrance tests are required for PGDM eligibility, both in India and internationally. CAT, MAT, CMAT, and other competitive entrance tests are examples. Most institutions require a passing score on one of these entrance exams. These are some well-known entrance examinations that are required for the eligibility for PGDM.
What are the different types of PGDM specializations?
There are many specializations when it comes to PGDM. Just like MBA, PGDM also offers similar specializations and has exposure in the management field. The different types of PGDM specializations are:
- PGDM in Marketing
- PGDM in Finance
- PGDM in Operations Management-
- PGDM in International Business
- PGDM in Human Resources
- PGDM in Business Analytics
What are the best-known specializations of PGDM?
The course is mainly into the management field and hence, it offers different specializations in different fields. Some of the specializations of PGDM are:
- Operations Management: This is the specialization which goes under the advanced study of operating the companies’ systems. The course teaches the students how to have a smooth working atmosphere in the organization. It is best suited for the individuals who have interest in studying minimal and optimum use of resources at the lowest cost possible. The candidates with the study of managing the working environment of the company along with constant productivity, such candidates are much needed.
- Finance: PGDM in finance is a course that goes into the deeper study of financial management. This specialization talks about numbers and finance and is strictly in the area of accounting. It also covers the areas of analysing and strategizing financial structures of the company. PGDM finance is somehow linked with operations management as it also focuses on the aspect of cost minimisation in the company.
- Marketing: Like MBA, PGDM in marketing is also a course that has a high scope and covers the same components as MBA in marketing. This course shapes the students with the skills of marketing management, marketing research, and marketing strategies. And therefore, it guides the students in the sector of increasing the market value of the company’s product and also in sales and business development.
- International Business: This two-year program is an advanced study in international relations. This field is related to the aspects of international trade and Asian business and therefore, it is much into the area of creating links with the international levels and expanding the business there.
What is the course curriculum of PGDM?
The course curriculum of PGDM is divided into 4 different semesters and you can check the subjects in the table below:
|
Semester 1 |
|
| Management Functions & Behaviour | Human Resource Management |
| Economic and Social Environment | Introduction to Information Technology |
|
Semester 2 |
|
| Operations Management | Marketing Management |
| Quantitative Techniques for Managers | Managerial Economics |
| Strategic Management | – |
|
Semester 3 |
|
| Marketing Management (MM) | Financial Management (FM) |
| International Business (IB) | Human Resource Management (HR) |
| Operations Management (OM) | Information Systems (IS) |
| Insurance Management (IN) | – |
|
Semester 4 |
|
| Business Law & Corporate Governance | International Business |
| Management Information Systems | Research Methodology |
| Project Work | – |
How to get into top Universities for PGDM?
In order to get into the top universities for PGDM, the candidates should first do a full research about the universities. And before everything, the candidates should first be sure of what they want to get into; as in the specialization they want to dedicate themselves towards. Furthermore, the candidates should match the eligibility criteria of the universities about the course. The candidates must have scored a minimum aggregate of 50% in the bachelor’s degree in any of the relevant domains from a recognized university. The minimum aggregate will help them to get into the top universities, however, the candidates should also consider scoring good in the entrance exams if there are any offered by the university.
What are the famous universities for PGDM?
There are certain universities which are known to offer the best PGDM faculties in India. Some of the famous universities for PGDM are:
- Management Development Institute, Sukhrali
- XLRI- Xaviers School of Management, Jamshedpur
- Indian Institute of Management (IIM), Bangalore
- Indian Institute of Management (IIM), Ahmedabad
- Guru Gobind Singh Indraprastha University, Dwarka, Delhi
- Indian Institute of Technology (IIT), Mumbai
- Indian Institute of Foreign Trade, Delhi
- Chandigarh University
Can I pursue PGDM after 30?
Yes, anyone above the age of 30 can obtain a PGDM. Age isn’t a consideration, especially when pursuing it at a distance. For prospects, a PGDM is always a realistic alternative. For working professionals, there are higher level PGDM programmes available. Yes, age does not play a significant role. Anyone can pursue a PGDM at any age; the only requirement is that they have a good reason for doing so.
What is the cost of a PGDM course?
The cost of a PGDM programme varies depending on the specialization and the university to which a candidate is applying. In Indian rupees, a PGDM degree overseas costs between 1 to 15 lakh rupees. Different specializations cost different fee structures. It is up to the person to decide.
Distance PGDM programmes, on the other hand, maybe less expensive than traditional PGDM programmes. The remote learning programmes were created with the intention of keeping them affordable for those who cannot afford conventional or on-campus classes.
How can I get scholarships for PGDM?
Scholarships are available in India through the institutes where the individual would apply. Institutes such as the IIMs, for example, provide scholarships to students. In order to receive the scholarship, the student must meet certain criteria. The scholarship’s eligibility conditions may differ from one type to the next. For management courses, there are additional abroad scholarships offered by foreign colleges.
What are the different types of learning modes?
There are three types of learning methods:
- Full-time learning programs: Regular PGDM programmes that need face-to-face classes are known as full-time learning programmes. All studying procedures must be handled through the school administration. This is the most common learning approach, and it necessitates the use of time during working hours.
- Part-time learning/Distance learning programs: Students who have other responsibilities, such as a job or another course, should consider part-time learning. Part-time programmes are designed for people who have a full-time job and a personal life, but still want to learn more. There is also a mail-in option for some programmes.
- Online learning programs: The online learning approach is a completely technology driven strategy. The classes are conducted entirely online, as is the entire procedure. Those who cannot afford face-to-face sessions and struggle with regular learning would benefit from online programmes.
What is Distance and Online PGDM?
Distance and online learning has now become one very reliable way of studying considering the current scenario in the world and otherwise, as well. Distance PGDM is the course that is especially started for the students who face difficulties and struggles in affording on-campus regular way of learning. It is also a beneficial way of learning for the ones who are working individuals and do not have time for regular classes. This mode of learning is known to be extremely flexible and very less time consuming.
If we consider the fact that distance PGDM is less time-consuming and less hectic, then it is pretty obvious that the working individuals will find it best suited for them. The value of the distance degree will also be considered the same as the regular degree, hence the students need not worry about the authenticity of the degree. Moreover, the distance mode of PGDM will be much more affordable than the regular degree.
Is online PGDM easily affordable or not?
Considering that the PGDM degree is an expensive course just like MBA, the online and distance degree of the same course has been made a bit more reasonable. There are students who for some reason face the issue of financial stability while they want to study an expensive course. So, in order to help the students who are not able to afford PGDM in -the regular on-campus mode, most of the universities offer PGDM in the online and distance mode at an affordable and comparatively cheaper price.
How is Distance and Online PGDM beneficial?
This is the most asked question when a candidate goes for studying a distance program. The distance mode is still on a growing level and therefore, the authenticity of the degree is questioned on many levels. However, the distance and online PGDM degree is a complete benefit to the working individuals and those students who have other things on their plate as well.
Especially the working individuals are the ones who can consider going for the distance degree of the course as they already have a hectic schedule and need a less time-consuming study pattern. Other than that, the distance PGDM in any specialization will help the students to have a management schedule in their personal life as well as where they manage their studies and their working lifestyle. Hence, the degree is beneficial in many ways and also helps in time management.
Job Opportunities After PGDM
After completing Postgraduate Diploma in Management students can get jobs in different fields based on the specialization they chose.
| Business Consultant | INR 11 LPA |
| Project Manager | INR 18 LPA |
| Marketing Manager | INR 10 LPA |
| Finance Analyst | INR 5.11 LPA |
| Brand Manager | INR 13 LPA |
| International Sales Manager | INR 10 LPA |
PGDM full form, Remember?
So, now you know what is the full form and full structure of PGDM and how the course holds a great career opportunity. PGDM is very much like an MBA and has a bright future, therefore, it makes the course high in demand on its own. Moreover, the course offers a deep and advanced study in the field of management which guides the students to get excellent placements with high salary packages.
