PGDM or Postgraduate Diploma in Management is a management program. The program is either a 1 year or 2-year program and it is equivalent to an MBA degree. PGDM programs are offered by autonomous institutions which are AICTE (All India Council for Technical Education) approved. The curriculum of PGDM programs are quite wide and keep on changing as per the requirement of the industry. All the autonomous institutions yearly revise their curriculum and try to make it more realistic according to the present scenario of the industry. PGDM programs are quite expensive compared with MBA degrees. The main purpose of this program is to make students industry-ready and make them understand the real-life situation which a professional faces in the field.
In India, students can pursue PGDM courses through several mediums such as full time, distance-learning or online courses. To secure seats in any of the good B-schools, the student has to obtain a good score in the entrance test as well as in the academics. On the basis of NIRF 2020 Ranking, here are the top 10 PGDM Colleges in India:
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Indian Institute of Management, Ahmedabad
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Indian Institute of Management, Bangalore
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Indian Institute of Management Calcutta
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Indian Institute of Management Lucknow
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Indian Institute of Technology Kharagpur
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Indian Institute of Management Kozhikode
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Indian Institute of Management Indore
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Indian Institute of Technology Delhi
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XLRI, Jamshedpur
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Management Development Institute, Gurugram
By now we are aware of the fact that all the autonomous institutes frequently revised their PGDM curriculum. So, take a look at some of the subjects offered by the PGDM colleges:
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Human Resource Management - I
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Marketing - I
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Legal Aspects of Business
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Managerial Computing
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Microeconomics
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Personal and Corporate Ethics
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The Social and Cultural Environment of Business
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Business Research Method
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Government System and Policy process
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Strategic Management and many other such programs
Courses offered in PGDM Program:
The PGDM programs are maintained by autonomous institutions and they keep on changing the curriculum according to the need and demand within the industry. Let’s look at some of the specializations offered in PGDM Program:
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PGDM in Banking and Finance
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PGDM in Human Resource Management
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PGDM in Supply Chain Management
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PGDM in Information Technology
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PGDM in Digital Marketing
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PGDM in Healthcare Management
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PGDM in International Business
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PGDM in Retail Management
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PGDM in System Management
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PGDM in Marketing
After the completion of the course, students start their professional life with an impressive package in their hand. The average salary starts from around 3 lakh and goes up to 25 lakh per annum, depending on the skills and potential of the candidate.
Post Graduation Diploma in Management - Eligibility:
Candidates must have a bachelor's degree or equivalent (from any field) with 50% aggregate marks from any recognized university.
Post Graduation Diploma in Management - Admission Process:
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Students have to appear for management entrance examinations conducted by institutions such as:
CAT/XAT/MAT/NMAT/SNAP/IIFT/IBSAT/CMAT -
Shortlisted candidates who have cleared the exams will be called for Group Discussion (GD), Written Ability Test (WAT) and Personal Interview (PI) rounds, respective of the institutes.
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The final merit list will be out, combining the overall performance of the students and then the admission process will start.
Difference between PGDM and MBA:
PGDM programs are offered by autonomous institutions under the guidance of AICTE and it is equivalent to an MBA program. PGDM programs are flexible and from time to time the curriculum is revised and designed according to the requirement of the industry. In PGDM programs, students can either opt for a one year program or other two year programs, according to their preferences. The program targets practical teaching and provides real-life challenges faced by the industry professionals. The PGDM program is expensive and the fees start from 3 lakh+.
On the other hand, the MBA programs are offered by the colleges which are affiliated with any universities. The MBA programs are rigid and the curriculums are not revised for a very long period of time because the updated curriculum required university approval. The program is 2 years long and is mostly based on technical and theoretical learnings. As compared to the PGDM program, MBA programs are affordable because the fee structure is maintained according to the policy of the university.
Post Graduation Diploma in Management - Scope:
The scope of the PGDM course is very wide, it opens various perspectives for the students from different fields like marketing, business analytics, banking and finance, supply chain and many more. The program develops the managerial and leadership qualities and trains them for the industry. With new ideas and creative business models, a student can start his own company or work as a freelancer post the completion of the course. The demand for professionals with management qualifications is quite high not only in India but also abroad. So, pursuing PGDM will be a plus point for one who wants to understand the in-depth functioning of the industry as well as want to make a successful career in the management field.
Conclusion:
PGDM provides wide options to the students from marketing to operation management, from supply chain management to healthcare management. Post completion of the course, students start analysing the situation with a different perspective and develop the ability to manage large projects with full efficiency.
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