PGDM in INDIA: Everything You need to know about PGDM. Part 2
A Confusion about Subjects like Science or Btech Before PGDM: A PGDM Course can be obtained by any candidate from different disciplines. The main reasons for getting an management program varies from person to person genuinely. All over the world and specially In countries like India, with the hype of all IIMs, ISB and other Executive MBA institutions the shift in getting higher education has been little bit changed towards PGDM in present era. With all the lucrative part of salaries PGDM students always get right after their graduation, many are offered to jump the more steps ahead.
PGDM or PGDBA as it always says that it is Post Graduate Diploma in Management or Post Graduate Diploma in Business Administration Now clearly we can see that an Administration or Management degree by name only. So It is no way any technical things in nature. You are not going to explore the depth of a particular subject for doctorate ; Here you are trying to learn various aspects of a business and of course learn management skills to administer a company’s or organization’s criteria ,powerful resources and people effectively. Normally, two thirds of the classes will be belongs to fundamental courses of Business and administration like Accounting, Corporate Finance , Organization behavior, IT for Managers, Marketing Strategy, Economics, Operations strategy, Leadership and Negotiation and many more . Remaining One thirds of the classes with be electives and can go for choices . But I normal life if someone have MS in Marketing he is trying to say he had around 80 – 100% of their classes in Marketing only. Now you can ee the difference? Its totally Based on university what they changes, but normally you can do your own set of classes that you like for the 1/3rd of classes in PGDM with variety of mix, then you will not have a degree in particular specialization.
So it can be assume this information will help to someone who can decide why do an PGDM program because everybody can have guts to go along.
Looking for PGDM admission criteria: As per the government rules PGDM is a 2-year full-time course Approved by AICTE, Ministry of HRD, and Govt. of India. An applicant should be Graduates in any discipline with at least 50% marks in graduation , is eligible to apply for admission to the PGDM programmes.
The selection Procedure Includes
- Valid Score Card (CAT/MAT/XAT/CMAT/ATMA)
- At least 50% marks should be in Graduation
- A Good writing and reading communication skills
- An Internal on Campus Admission Test (Aptitude Test along with English Assessment)
- In Last selection is declared after Group Discussion & Personal Interview.
What about salary package after PGDM: After completing PGDM salary package depends upon many things like it is not only depends on the doing or completing the course, but it also includes a number of things as Skills. Now a days all industry demands a lot of interaction with people, Client handling capacity where good communication skills plays a vital role in getting handsome salary. After that Knowledge, If you have good knowledge and commands over your subject then you can definitely see yourself at a higher place easily. A Students Academic Records, his Hard work and of course all gained knowledge during Summer Training Project and Internship also play a important role in getting a good salary in campus placement.
Normally As a fresher one can expect a starting salary of 12000-20000 and higher salary is anywhere between 4-5 lacs.
What a candidate should see in Good PGDM college in India?:A institute not only give emphasis on delivering the content knowledge and behavior knowledge , but also give more and more practical exposure to the students so that they can learn how to implement their conceptual knowledge widely in practical world and in corporate world too.
A institute should conduct different workshops like take students to industrial visits to provide them the exposure to the corporate world for gaining real time experience. Also Teach them through case studies, video lectures, Group Discussions and Presentations.
In spite of just teaching them educational learning, a Institute should all try to develop social skills in their personality of students by involving them in different social and cultural activities like plantation, blood donation camp, Cultural events so that they would be able to enhance and recognize their hidden skills which would be helpful for them in corporate world.
A top school should organizes International Study Tour for students as they are expected to develop as global citizens through participation not only in curricular activities but also a mix of co curricular and extra curricular activities including socially oriented pursuits.
What Best PGDM Books Should be prefer: There are so many good books for different subjects. Very few of them are as follows which can be easily available and understandable:
ORGANISATIONAL BEHAVIOUR: Dr.Stephen Robbins,L.M Prasad, SUNIL LALLA
ECONOMIC ANALYSIS FOR BUSINESS DECISIONS: MRS KIRAN JOTWANI,
MANAGEMENT FUNDAMENTALS: MUKTA KESKAR , SAMITA KHER, DR P N SHENDE,
Marketing Management: Dr.Phillip Kotler
Business Statistics: Dr.S.P Gupta
Research Methodology: Dr.C.R. Kothari
Human Resource Management: V.S.P Rao
Team Building and Leadership: Prof.Haldar
Negotiation and Counselling: Dr.Bedi
Financial Management:
Business Communication: Prof.Rizvi
What about PGDM cost?
Every B-school has its own fee structure. Overall, it may cost you around Rs 20,000 to Rs 10 lakhs or more to pursue full-time PGDM program Different institute offers PGDM diploma at different fees depends on the facilities,infrastructure and the amenties they are providing
