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PGDM
PGDM (Post Graduate Diploma in Management) Course Overview
PGDM or Post Graduate Diploma in Management is a two-year business management programme pursued after completion of graduation. It is a popular management course that can be pursued either full-time or part-time. In India, as well as overseas, both MBA and PGDM courses have equal value when it comes to career prospects. The PGDM admissions process and fees vary in different colleges. Several colleges conduct entrance examinations like CAT, GMAT, CMAT, ATMA, XAT, MAT, and NMAT for admissions, whereas others offer admission based on a 10+2 merit-based system.
When to do a PGDM Course?
The two-year PGDM course must be pursued when individuals have the following objectives:
How many Courses are there in PGDM?
Some of the PGDM specialisations are as follows:
List of Popular PGDM Courses/Specializations
The most popular PGDM specializations have been mentioned below:
PGDM in Supply Chain Management: This post-graduate management program covers topics like Marketing Management, Production Management, Principles of Logistics, Managerial Economics, Shipping and Maritime Law, and many more. MBA in Supply Chain Management offers an annual compensation between Rs 12-13 lakh per annum. The average annual salary starts from Rs 7,00,000.
PGDM in Business Analytics: QU (Quality Analysis) is considered an important part of any business. Business Analytics specialization trains the candidates in the fields of business analysis practices, tools, and techniques to deliver relevant insights from the data collected, extracted, and analyzed. The average salary of PGDM Business Analytics ranges between INR 5- 12 lakh per annum.
PGDM in Entrepreneurship: It is a 2-year, full-time Diploma program designed to provide in-depth understanding about enterprise creation, enterprise growth and management, encouraging participants' thinking, ambitions and applied learning experiences. The average annual salary stands at INR 5.8 LPA.
PGDM in Finance: PGDM in Finance is a course designed for qualified candidates to broaden their knowledge of financial management topics such as working capital management, international finance, and merger acquisition, among others. The course trains eligible students to become experts in the subjects of finance and financial management. The average annual salary is as high as INR 15 LPA.
PGDM in Human Resource Management: It is a two-year postgraduate course designed to provide eligibility, suitability, and competent HR professionals with sufficient knowledge of business to all industrial sectors. This course includes subjects like Strategic Management, Managerial Economics, Employee Legislation, Performance Management, etc. The average annual salary ranges from INR 2-15 LPA.
PGDM Course Eligibility Criteria
Participants for the PGDM program may be from any discipline such as Engineering, Humanities, Commerce, Economics, Medicine or any other branch of education. Fresh graduates, as well as candidates with relevant work experience, are welcome to apply. The eligibility criteria for PGDM courses slightly vary in different institutes, keeping the main requirements the same:
PGDM Entrance Exams
Cut-off scores for entrance exams like that of the CAT, XAT, MAT, XAT, GMAT, NMAT, SNAP, etc, govern the admission process to PGDM courses.
National-Level Entrance Exams for PGDM
To pursue PGDM courses, national-level common entrance tests like those mentioned below are considered:
CAT: CAT (Common Admission Test) is a qualifying exam for admission to MBA, PGDM, and other PG level management courses in India. The eligibility for taking the CAT exam is 50% marks in graduation, for reserved categories the qualifying marks are relaxed up to 5%. The test consists of three sections: Verbal Ability and Reading Comprehension (VARC), Data Interpretation and Logical Reasoning (DILR), and Quantitative Ability (QA). The exam is taken online over a period of three hours, with one hour per section.
XAT: The Xavier Aptitude Test is a national level aptitude test conducted by XLRI Jamshedpur for admission in MBA/PGDM programs in XLRI and other top MBA colleges like XIMB, IMT Ghaziabad, TAPMI Manipal, etc. The exam duration is 3 hours. The syllabus encompasses Verbal and Logical Ability, General Knowledge, Decision Making, and Quantitative Ability & Data Interpretation.
NMAT: NMAT by GMAC is a national level entrance test conducted for MBA/PGDM admissions at NMIMS University and other reputed B-Schools in India as well as abroad. It is a computer-based exam and has three sections - Language Skills, Quantitative Skills and Logical Reasoning. NMAT 2022 exam scores will be accepted by some of the top MBA colleges in India for MBA admission 2023-25 batch like NMIMS Mumbai; SPJIMR Mumbai (PGMPW); ISB (Certificate programme); VIT Vellore; K J Somaiya Mumbai; XIM Bhubaneswar and many other MBA colleges in India.
SNAP: Symbiosis National Aptitude Test or SNAP Test is a common aptitude test conducted by the Symbiosis International (Deemed) University for admission to the MBA/PGDM programs. The exam is conducted once a year. The duration of the exam is 60 minutes or 1 hour.
OPENMAT: Students seeking admission to IGNOU's MBA Operations Management programme are required to take the OPENMAT. OPENMAT is a national-level entrance examination for IGNOU's MBA and PGDM programs. The OPENMAT exam is conducted twice a year, in January and July. It is mandatory for aspiring students to qualify for the OPENMAT exam in order to be considered for admission to any MBA or PGDM program under IGNOU.
Study Post Graduate Diploma in Management (PGDM) Abroad
An international PGDM is a sought-after credential by many individuals for the following reasons:
Skills Required for Post Graduate Diploma in Management (PGDM)
Apart from Business Knowledge, Strategic thinking, Brand Awareness, etc. candidates aspiring to pursue PGDM must be equipped with the following important hard and soft skills:
Cross-Cultural Competency: Respecting the cultural differences and working with these differences is the key to opening up opportunities in a global economy. If a candidate possesses knowledge of foreign languages and an orientation toward working across national boundaries, it can be a major advantage in business.
Communication skills: An individual must possess excellent verbal and written communication skills and the ability to convince others.
Problem-solving skills: For possessing a managerial role in marketing, candidates need to develop the skills of analysing certain situations, applying proper logical thinking, breaking any complex problem into simpler parts, and then providing solutions for them.
TeamWork: Possessing teamwork skills is mandatory to excel as a manager because while working for greater interests, it is important that all have to cast their differences aside and work together to achieve good results.
Leadership skills: Candidates must be equipped with strong leadership skills. Individuals with great leadership skills empower teams to achieve their full potential, make decisions, and strategize well to help organisations thrive.
PGDM Course Scope in India
PGDM graduates can apply for job roles in finance, IT, Human resources, Business Research, Business Marketing departments, depending on their specialization.
They also stand a chance in research organisations in job roles like analytical experts, business analysts, etc. In Business Consulting, PGDM graduates can be a financial advisor at banking or financial institutions, or an IT advisor at a technology company. PGDM graduates can also start their own business and become successful entrepreneurs.
PGDM Course Career Options and Job Prospects
The following eminent organizations hire graduates in Post Graduate Diploma in Management (PGDM):