PGDM in INDIA: Everything You need to Know About PGDM Part-1

THIS ARTICLE WAS UPDATED ON 26/JUNE/2020

PGDM stands for Post Graduate Diploma in Management. It’s a postgraduate level course but a diploma course with nearly no difference from the degree course, MBA. PGDM is a demanding course in the business industry. Candidates who want to have high-level job positions in the companies can opt for this course as this course teaches you to be a leader in this competitive world. It helps you sharpen your skills to become a successful business manager and analyst.

PGDM in India

PGDM in India is considered no less than an MBA degree. Companies in India hire PGDM graduates on the same grounds that they hire MBA graduates. Both degrees have great value when they are acquired from a reputed college or university.

Eligibility

Most of the colleges in INDIA offering PGDM courses have their eligibility criteria but some common things are required to become eligible for this course. They are:

• The candidate must be a graduate with a minimum of 50% score in their graduation.
• Most of the top colleges of management in India require passing entrance exams like CAT, CMAT, GMAT, or XAT.
• Some institutes also take their entrance exams and interviews for admission in this course.

Cost of pursuing PGDM in India

The course fees for the PGDM depends upon the college. The average course fees to pursue a PGDM course in India is around 3 Lakh to 20 Lakh INR.

Duration of PGDM

The duration of PGDM in India as well as abroad is 2 years.

Different specializations in PGDM course

There are different specializations in the course of PGDM from which you can choose your interesting field in the final year of the course. Let’s discuss all the specialization fields offered in the PGDM course:

• PGDM in Marketing

PGDM in marketing is one of the most popular specializations of the course. As marketing is the most important aspect essential in the business, this is a specialization for aspirants who are outgoing and ambitious. It concerns the marketing, advertising, and selling the products and services of the company that you work for.

• PGDM in Finance

PGDM in finance focuses on accounts and finance. The aspirants who are fascinated by numbers can opt for this specialization as this field can help them get jobs in a variety of high-paying industries.

• PGDM in Human Resources

PGDM in Human Resources (HR) helps in developing the aspirant’s skills in the field of management in an organization. HR is a crucial part of most of the big organizations and also in demand these days.

• PGDM in Operations

PGDM in operations teaches all about operations of a company like planning, strategizing, and executing. In this, you overall learn how to run an organization.

• PGDM in Information Technology (IT)

PGDM in IT is all about technology. As IT is the fastest developing industry not only in INDIA but abroad also, this gives a good opportunity to the aspirant to secure a great job in this field. 

• PGDM in Research and Business Analytics

PGDM in research and business analytics deals with quantitative analysis of businesses. This course is a blend of business, science, research, statistics, and technology.

• PGDM in Enterprise Management

PGDM in EM deals with the management of an enterprise’s operations. It uses ERP (Enterprise Resource Planning) as a software to manage the vital day-to-day processes of an enterprise.

• PGDM in International Finance

PGDM in finance prepares students in the field of finance all over the world. International finance is a little different from traditional finance, and when combined with US-CPA, makes students eligible to enter finance professions overseas.

• PGDM in International Business

PGDM in international business helps students learn about business operations all over the world. From adhering to international laws and practices to managing multinational companies, this specialization covers everything.

• PGDM in Supply Chain and Logistics

PGDM in supply chain and logistics offers in-depth knowledge about decision-making in the supply chain and managing complex logistics of operations in any business.

PGDM Vs. MBA

Though PGDM and MBA are almost the same courses there are some points which make them unlike too. Let’s discuss the differences between the two courses:

• PGDM is offered by autonomous colleges while MBA is offered by colleges that are affiliated to a university.
• PGDM course is more industry-oriented as compared to MBA.
• PGDM has a more practical approach along with theory whereas MBA focuses more on the theoretical approach.
• During the PGDM course, students get several opportunities to sharpen their skills like internships and work-shops with big companies and industrialists respectively while MBA students don’t get many opportunities.
• The graduates from PGDM are more skillful and have leadership qualities as compared to MBA graduates.
• PGDM course provides in-depth knowledge to the aspirants in the fields of their choice and they also get to practice their knowledge and skills in several internships while MBA graduates don’t get such opportunities.

Colleges for PGDM in India

PGDM is offered by autonomous colleges in India, i.e., the colleges that are not affiliated to any university. PGDM colleges get approval from AICTE (All India Council for Technical Education) along with several certifications from the AIU (Association of Indian Universities). Admission in the PGDM colleges is done by several means, competitive exams like CAT, CMAT, GMAT, XAT, or colleges’ entrance exams, or candidate’s merit in graduation.

If you want to pursue the course of PGDM, look for a college that is AICTE approved and certified by AIU as this gives credibility to the college.

Scope of PGDM in India

There are many career opportunities after your PGDM. Since this course is equivalent to an MBA degree, you get similar career opportunities. You can get selected for management-level positions across a variety of industries, but this mainly depends on your specialization.

You are also eligible to get technical jobs that have a good salary scale and benefits package. The importance and popularity of PGDM courses are growing at a substantial rate, making it an excellent course to do after graduation.

The scope of PGDM is not only limited in India but abroad also. As foreign companies require skillful and hard-working people, they hire PGDM graduates along with other degree holders.