PGDM Full Form
What is full form of PGDM?
The full form of PGDM is Post Graduate Diploma in Management is referred to as PGDM. The course is a two-year, full-time executive program that is provided by many foundations in India. Depending on the different institutions and their educational plans, this course may be divided into four or six semesters. The Ministry of HRD, Government of India, has approved the organisations that run PGDM programs in India. The PGDM's subject matter and course structure are remarkably similar to those of an MBA. A PGDM is a postgraduate diploma, whereas an MBA confers a degree, and this is the main difference between them. It should not be thought of as a degree course because PGDM projects cannot be partnered with any college. Distance learning is a viable option for pursuing PGDM programs, which are comparable to full-time programs. Let's explore some more knowledge about PGDM.
1. Eligibility requirements for the PGDM program
Candidates must meet the following criteria in order to be eligible for the PGDM program:
A candidate must have graduated from a renowned college or university.
A minimum grade-point average of 50% is required for applicants.
Less than 50% of the applicants would have had to take a number of entry exams to be admitted to their top universities.
2. Subjects included in the PGDM curriculum
The list includes some of the most popular PGDM course topics offered by Indian universities. PGDM students can select a topic for specialisation during their final semester based on their interests.
Marketing
Finance
Human resources
IT (Information Technology)
Operations management
Accounting
Supply Chain Management, etc.
3. A list of top institutes offering PGDM courses in India
Indian Institute of Management, Bangalore
Indian Institute of Management, Kolkata
Xavier’s Labour Relation Institute, Jamshedpur
SP Jain Institute of Management and Research, Mumbai
Management Development Institute, Gurgaon
Faculty of Management Studies, New Delhi
International Management Institute, New Delhi
Indian Institute of Foreign Trade, Delhi
Narsee Monjee Institute of Management Studies, Mumbai
4. The Benefits of PGDM
A postgraduate course with recognition in the field of business is the Post Graduate Diploma in Management or PGDM. The PGDM course syllabus aims to give students the knowledge and skills necessary to land a management position on a global scale. The institute offers a self-sufficient PGDM program, and AICTE, the Ministry of HRD, directly endorses it.
5. Scopes in PGDM
The PGDM program offers many opportunities for achieving future goals.
PGDM in Marketing-
The course aids in learning all aspects of product or endeavour promotion, including sales and distribution, product development, brand enhancement, and statistical surveying.
PGDM in Finance-
Aids in managing and understanding the constantly changing business requirements of a company, such as banking, money matters, accounting, market structure, etc.
PGDM in IT-
It is a wise choice to enrol in this course if the student is skilled in account management, system consulting, business improvement, sales, and ERP at a time when the IT industry is managing the economy.
PGDM in HR-
This course encourages you to manage labour relations and employee management going forward as you pursue careers with organisations that heavily rely on the development and accumulation of their human capital.
PGDM in Hospitality and Tourism-
This is a rapidly evolving field where there aren't enough qualified and experienced experts. New job openings in this division have been brought on by the expanding aviation sector, impending hotel and tourism growth, and travel industry development.
In comparison to MBA course students, it is observed that PGDM course students convey an advantage due to their presentation and experience from their time in the program. The candidate may select their doctoral projects following the completion of the PGDM course.
6. Jobs Available After the PGDM Program
The vast array of employment opportunities available to students enrolled in the Post Graduate Diploma in Management program are listed below:
Bank Jobs
Business Consultancies
Brand & Marketing
Non-profit Organisations
Personal Business
Educational Institutes
Export Companies
Financial Organisations
Industrial Houses
Multinational Companies
Frequently Asked Questions (FAQs)
PGDM courses are more focused on the business world than MBA courses, which are more academic. Greater emphasis is placed on industry exposure, mentoring, and grooming programs in PGDM. With PGDM programs, the placement services are also more demanding. Because of this, pursuing a PGDM program from a reputable institution is typically a good idea if you want to pursue career paths that offer good pay.
The average annual salary for PGDM students in India is Rs. 3.6 lakhs, with salaries ranging from Rs. 1.7 lakhs to Rs. 10.3 lakhs.
In the PGDM program, financial management is one of the most well-liked and sought-after disciplines.
Most of the time, the PGDM program is seen as making it easy for graduates to land jobs with management consultancies. One of the reasons is that the aspirants can be regarded as professionals after the course because of the course structure, which enables them to have a good job scope and skills.
The top management schools in India are found in Ahmedabad, Bangalore, Delhi, Hyderabad, Mumbai, Pune, and Chennai.