Career in PGDM : Scope, Salary and Job Opportunities

Career in PGDM, Scope, Salary and Job Opportunities

Post Graduate Diploma in Management - Introduction

The top business schools in India that specialize in management provide the two-year PGDM program, commonly known as the Post Graduate Diploma in Management. The management industry views this course equally and views it as an alternative to the MBA. The curriculum is designed to meet industry demands and aid in students' skill development. The PGDM syllabus is also created in a way that takes market trends and shifting customer demands into account.

A specialist curriculum called a Postgraduate Diploma in Management (PGDM) offers real-world corporate management knowledge and abilities. The normal length of this postgraduate diploma program is two years. The course covers a variety of management-related topics, such as human resources, marketing, finance, operations, and more.

Why To Choose Post Graduate Diploma in Management

One of the most trending courses for graduate students is PGDM. To meet the needs of an industry that is always changing, the PGDM course is created by merging many disciplines. Students who wish to enhance their personalities through classroom lectures, role plays, guest lecturers, business outings, and personality development programs must enrol in a PGDM course.

Reasons to choose PGDM

• Practical Skill Development: PGDM programs provide a strong emphasis on cultivating practical abilities, which are in high demand in the job market. These abilities include leadership, critical thinking, problem-solving, and communication.

• Industry-focused curriculum: PGDM courses are created to address the unique requirements of diverse businesses. The curriculum is frequently updated to reflect the most recent business trends and advancements.

• Opportunities for networking and internships: PGDM programs provide lots of chances to meet people in the field and develop practical skills through internships. Your chances of securing a job can go up as a result of improving your professional relationships.

• Greater Job Prospects: Graduates with PGDMs frequently have greater employment opportunities than those with merely an undergraduate degree. They are desirable candidates for managerial positions in a range of industries because of the particular knowledge and abilities they have gained during the program.

• Higher Salary Potential: Graduates with PGDMs tend to earn higher incomes than those with only an undergraduate degree. They are great additions to organizations because of the practical understanding and exposure to the industry they have obtained via the program.

• Personal Development: Enrolling in a PGDM program can help you develop personally and professionally. Students gain a strong work ethic, resilience, and adaptability due to the demanding coursework, demanding projects, and exposure to real-world business challenges.

Eligibility Criteria for Post Graduate Diploma in Management (PGDM)

Candidates seeking admission to PGDM must possess the following eligibility criteria-

Bachelor's degree: Candidates must have completed a bachelor's degree in any discipline from a recognized university or institution.

Minimum marks: Most institutes require a minimum aggregate score of 50% or higher in the bachelor's degree. However, this percentage may vary across different institutes.

Note- The PGDM eligibility criteria may differ from institute to institute. Candidates are always suggested to check the official website of the institute to know the detailed PGDM course eligibility criteria.

Entrance Exams for Post Graduate Diploma in Management

Some of the best B-schools have their entrance exams or accept results from National or State entrance exams for admission to the PGDM program. To be eligible to apply for admission, students who are interested in pursuing a PGDM program must meet the established eligibility requirements and have the necessary percentage of marks. Once the applicant satisfies this requirement, he or she can take the entrance tests and be admitted to the colleges that have been shortlisted by their preferences. Based on merit, several colleges also provide direct admission. The following are a few examples of national state-level PGDM entrance exams that applicants may participate in:

• CAT
• MAT
• XAT
• CMAT
• NMAT

Types of Post-Graduation Diploma in Management

1. Full-Time PGDM- It is a two-year professional diploma program that gives students in-depth knowledge of industry standards and norms. This PGDM course format is the most well-liked. Full-time PGDM Specialization options include PGDM Marketing, PGDM Finance, PGDM in HR, and similar ones.

2. PGDM Distance: A planned education that is conducted at a distance from the teacher's source is called PGDM distance education. Below are some of the benefits of PGDM distance learning:

The lower cost of buying books leads to money saved which can help a person somewhere else.

1. Helps the individual balance employment and education.
2. PGDM Distance Education students have a wide range of college possibilities.
3. It is beneficial to stay updated on the subject without leaving one's employment.

Syllabus for Post Graduate Diploma in Management

There are four semesters in the PGDM curriculum. The program follows industry standards and norms, enabling students to graduate job-ready and with the right placements. The first and second semesters focus mostly on theory and basic courses.

The PGDM course structure is divided into two sections: a series of required courses that cover every aspect of management, and a set of elective courses that are designed to help students develop the knowledge and skills necessary for particular jobs.

A semester-wise breakup of the PGDM Syllabus is tabulated below.

The list of common disciplines that numerous colleges include in the curriculum is organized by academic year. This might be regarded as a PGDM course's model curriculum.

Elective Syllabus-

The goal of electives is to provide education in relevant fields and sectors depending on interest and relevance.

• Economics
• Finance
• HRM
• Information System
• Marketing
• Operations Management
• General Management

Note- It is important to note that the specific syllabus may vary slightly between different colleges and specializations

Types of Specializations in PGDM-

Candidates must select the PGDM specialization to get experience and improve their skills. All subjects are covered in the first year of the PGDM program, while the second year of the program is focused on the student's chosen specialization. Look over the list of PGDM specializations that are provided below.

• PGDM in Banking and Finance
• PGDM in HR
• PGDM in Marketing
• PGDM in IT
• PGDM in Business Analytics
• PGDM in Operation Management

List of top 10 Colleges that provide Post Graduate Diploma in Management

Here is a list of some of the top colleges in India that provide a Post Graduate Diploma in Management:

One of the most important aspects of the PGDM process is picking the best B-school. The top business school can be chosen without following any strict guidelines. Candidates can choose a PGDM program based on a variety of criteria, including accreditation, candidate needs, placement, curriculum, global exposure, and so on. Students compete for seats in the best schools that offer a variety of PGDM degrees each year. Some of these top colleges include government and private institutions.

1. Indian Institute of Management (IIM), Ahmedabad
2. Indian Institute of Management (IIM), Bangalore
3. Indian Institute of Management (IIM), Calcutta
4. Xavier School of Management (XLRI), Jamshedpur
5. Indian School of Business (ISB), Hyderabad
6. Faculty of Management Studies (FMS), Delhi University
7. SP Jain Institute of Management and Research (SPJIMR), Mumbai
8. Management Development Institute (MDI), Gurgaon
9. Indian Institute of Foreign Trade (IIFT), Delhi
10. Institute of Management Technology (IMT), Ghaziabad

Note- This list is not all-inclusive and there may be additional colleges that also offer a Post Graduate Diploma in Management.

Career Options, Job Opportunities and Salary for PGDM

The career options after completing a Post Graduate Diploma in Management (PGDM) are diverse and offer ample opportunities for growth and success. Some of the popular job roles and sectors for PGDM graduates include:

The PGDM program is well-liked among management aspirants due to the lucrative career options and skill development it offers. Depending on their area of specialization, PGDM graduates can apply for jobs in finance, information technology, human resources, business research, and business marketing. 

Some of the best career opportunities after completion of the course are mentioned below in the table.

Note- It's important to note that these figures are approximate and can vary significantly based on individual circumstances and market conditions.

Conclusion

After completing PGDM, graduates have a wide range of career options available to them in sectors such as finance, marketing, human resources, operations, and consulting. Additionally, opting for a PGDM course is particularly beneficial for individuals aspiring to become entrepreneurs, as it emphasizes developing soft skills and provides specialized knowledge in various areas of management. Job opportunities for PGDM graduates are promising, with a high demand for business graduates in India. The salary range for PGDM graduates can vary, but on average, they can expect a starting salary ranging from INR 6-12 lakhs per annum. Overall, pursuing a PGDM course can be a wise decision for those looking to enhance their career prospects in the field of management.

Frequently Asked Questions (FAQ’s)

Q.1 What are the career options after completing a PGDM?

 Ans. PGDM graduates have a wide range of career options. Some popular job roles for PGDM graduates include finance manager, marketing manager, human resources manager, operations manager, supply chain manager, consultant, and entrepreneur.

Q.2 What is PGDM?

Ans. PGDM stands for Post Graduate Diploma in Management. It is a two-year full-time management program that provides students with a comprehensive understanding of various aspects of business and management.

Q.3 Is work experience required for admission to a PGDM program?

Ans. Work experience requirements may vary depending on the institute and the specific PGDM program. While some institutes may prefer candidates with work experience, there are also PGDM programs that accept fresh graduates.

Q.4 What are the various specialisations offered in the PGDM course?

Some of the popular PGDM specialisations are: Marketing, Human Resource Management, Finance and Accounting, Communication and Business Analytics

Q.5 What is PGDM eligibility?

Ans. The basic eligibility to pursue a PGDM course is 50% in a Bachelor's degree pursued from a recognized college or institute in any stream.