- August 7, 2023
- PGDM
Gaining specialised knowledge and abilities is crucial for professional advancement and success in today’s highly competitive work market, and in light of this, a PGDM program concentrates on providing a thorough understanding of numerous management disciplines. Additionally, statistics show that there has been more than 120% demand for PGDM graduates in recent years, with the shifting nature of the labour market providing numerous reasons to pursue a career in it.
Therefore, our blog aims to explore the future advantages that undertaking a PGDM course can provide students.
Table of Contents:
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What are PGDM programs?
The Post Graduate Diploma in Management is a management degree with a more practical focus, and its curriculum is designed to impart management training curricula to students by way of rigorous case studies and seminars to prepare them for the workplace. The table below shows some frequent details regarding the best PGDM courses:
Course Level | Postgraduate |
PGDM Duration | 2 years |
Minimum Requirement | Complete your Bachelor’s Degree in any stream (further criteria vary from college to college) |
Admission Process | Entrance Exams/ Merit-based |
Average Course Fee | Ranges from INR 5 to 11 LPA |
What is the scope of PGDM?
You will learn the managerial and leadership skills you need to run business operations in both public and private companies in a quality PGDM course. In addition, the PGDM course scope exists in top hiring sectors like banks, marketing firms, market research firms, educational institutions, consulting firms, law firms, entertainment portals, hotels and resorts, etc.
Also Read: How Can a PGDM in Business Management Reshape Your Career?
Future Benefits of a PGDM Course
A PGDM has grown in popularity as a viable choice for students wishing to improve their career prospects in the current competitive employment environment. Nevertheless, its positive effects on your future are covered in the sections below:
Industry Centric Course
Unlike most MBA courses, a PGDM course is revised on average once a year. Additionally, AICTE approved PGDM colleges like Universal AI University employ professors with solid credentials to provide their students with top-notch instruction and training.
Interpersonal and Professional Growth
With a PGDM degree, you can enter a management job with countless prospects for growth and learning. It will further equip you with prompt decision-making ability in the current job environment. Additionally, a PGDM can open up a wide range of professional options and help you rise to the position of chief executive within a company.
Choice of Specialization
According to their areas of interest, students might choose a specialization in PGDM. And, your choice of specialisation includes a variety of options such as marketing, finance, human resources, operations, business analytics, etc., to get in-depth knowledge and competence and become someone that employers greatly value.
Vast Networking Opportunities
One of the most beneficial aspects of a PGDM is the networking opportunities with industry leaders that will be helpful for your future efforts as well as your professional network. Additionally, PGDM degrees are more than just academic coursework because they are created to assist students in establishing successful professions and excelling in the workplace.
Placement Opportunities
MNCs generally favour PGDMs over other management degrees. As a result, Universal AI University has always taken satisfaction in providing 100% placement after PGDM degree in a top-tier company. Internship opportunities at some of the biggest corporate firms are also of significant value to college students. TCS, Deloitte, Xiaomi, Asian Paints, and Adidas are just a few of its well-known placement partners.
Skill Development
Achieving success in any industry requires having strong leadership, management, and communication skills, which are emphasised in the PGDM curriculum. Students can also apply theoretical ideas in real-world settings because of the course’s practical training and experience.
Access to Resources
One of the benefits of PGDM students is that they frequently have access to numerous resources, such as libraries, research facilities, and industry experts. Additionally, at Universal AI University these tools can improve students’ academic progress and give them insightful knowledge of the most recent trends in their profession.
Opportunity to learn Entrepreneurial Skills
Students’ entrepreneurial skills are strengthened in PGDM courses, and they are more prepared to face the market due to their improved business knowledge. This course further serves as a guide by encouraging budding entrepreneurs to explore various industries, come up with original ideas as well as put them into practice.
Global Exposure
Students are exposed to worldwide business practices and cultures in PGDM courses, which provide a global perspective. Its additional advantage includes the capacity to give pupils a competitive edge on the job market and educate them for working in a globalised economy. However, the PGDM scope in abroad offers a special chance to examine career profiles for business analysts, international marketing managers, export managers, international business managers, etc.
PGDM Job Opportunities
The jobs after PGDM are one of the highest-paying jobs in India. Nevertheless, a PGDM course in India typically pays between INR 5 and 20 LPA on average. Now, let us look at some excellent PGDM job profiles.
Job Profiles | Description |
Marketing Manager | They conduct market research, develop marketing plans and budgets, and manage the production of promotional products and content. |
HR Manager | To promote a productive workplace, these experts are entrusted with conducting interviews, strategically planning for staffing, and employing individuals. |
Brand Manager | Many people consider that this is the best career after PGDM, which entails being in charge of creating brand strategies, encouraging brand growth and extension, putting brand plans into action, etc. |
Business Consultant | To help clients accomplish their goals and overcome obstacles, they provide recommendations, information, guidance, and insights. |
Strategic Manager | These managers assess a company to identify its assets, liabilities, operational efficiency, and areas for development. |
Also Read: How a PGDM Course can Help you land your Dream Job?
Summing Up
Overall, a PGDM program offers numerous future advantages to students. From an industry-relevant curriculum to networking opportunities and global exposure, the programme prepares individuals for success in their chosen careers. Furthermore, PGDM graduates are well-positioned to take on managerial roles, making it a worthwhile investment for their career growth.
FAQs
- Is PGDM equal to MBA?
Although they cover similar ground, the PGDM emphasises practical skills whereas the MBA emphasises theory. Additionally, PGDM programs improve student skills and keep them updated with the latest industry trends.
- Which field is best in PGDM?
Obtaining a PGDM in Operations Management, Marketing, HR, and Finance are among the leading options. But, the best field for PGDM students depends on a range of subjective variables, including background, work experience, etc.
- Is PGDM a good career option?
The PGDM programmes are financially rewarding since they provide students with highly sought-after abilities, enhancing their chances of getting a job. Additionally, its ability to prepare you for both employment duties and entrepreneurship prospects makes it a fantastic career choice.
- How many PGDM colleges are there in India?
In India, the number of PGDM colleges is expanding. Based on sources, currently over 4000 such PGDM colleges exist in India, and that number is expected to grow.
- What is a PGDM in finance?
A PGDM in Finance course equips students with an understanding of international finance and insights into the foundational ideas, theories, and frameworks of financial management.
