• Bhoomi kaushik

  • 20/07/2024

PGDM Full Form: Courses, Scope& Colleges

What is the Full Form of PGDM?

The full form of PGDM is Post Graduate Diploma in Management. It is a two-year diploma course in management that is offered by many business schools in India. The PGDM program is equivalent to an MBA (Master of Business Administration) and focuses on practical knowledge and industry-oriented learning.

What is PGDM ?

PGDM stands for Post Graduate Diploma in Management. It's a management course designed for individuals seeking advanced education in business and management. Offered by many business schools, especially in India, PGDM programs typically cover various aspects of management, such as finance, marketing, operations, and human resources. The curriculum is often designed to be practical and industry-oriented, preparing students for leadership roles in the business world.

PGDM programs are known for their emphasis on hands-on experience, case studies, and industry interactions, making them comparable to MBA programs in terms of content and value.

Why Choose PGDM?

 Industry Relevance: PGDM programs are often designed in collaboration with industry professionals, ensuring that the curriculum is up-to-date with current industry trends and practices.

 Practical Learning: These programs emphasize practical, hands-on learning through case studies, projects, internships, and industry interactions, which can enhance real-world skills and knowledge.

 Specializations: Many PGDM programs offer a range of specializations, allowing students to focus on areas like marketing, finance, human resources, operations, and more.

 Networking Opportunities: PGDM programs provide ample opportunities for networking with industry professionals, alumni, and peers, which can be valuable for career growth and job placements.

 Career Advancement: A PGDM can open doors to higher-level positions and leadership roles, and is often seen as equivalent to an MBA in terms of career prospects.

 Flexible Duration: The duration of PGDM programs is typically around two years, which can be a good balance between comprehensive learning and time investment.

 Global Recognition: Many PGDM programs are recognized internationally, which can be advantageous if you're considering a career abroad or in multinational companies.
 

Top Careers in PGDM

The PGDM course is renowned among management candidates due to the lucrative employment options and skill building. The course's goal is to teach students how to apply management skills in the actual world. Some of the popular job positions available after completing the course are:-

  • Sales Manager: The Sales Department Manager is in charge of overseeing the day-to-day activities of the sales team. Their responsibilities include recruiting and training sales personnel as well as communicating information from high management to department staff.
  • PR Manager: A Public Relations Manager is a press and public relations specialist who is in charge of organising and supervising the creation of content that will preserve or improve their employer's or client's public image. PR Manager ensures successful conduction of campaigns and events. They also assist with the design and review of a variety of promotional and marketing materials. Create and edit web content for media announcements
  • Data Scientist: The data scientist is an analytical data professional who acts as a significant player in enterprises. They are a mix of mathematicians and computer scientists who govern the realm of big data. Data Scientists are in high demand nowadays as they extract useful business insights and help in managing data.
  • Research Analyst: A research analyst is in charge of investigating, evaluating, interpreting, and presenting data on markets, management, financial services, economics, customers, and other data relating to the field in which they operate. A research analyst is usually very scientific, analytical, rational, and skilled at working with numbers and data.
  • Public Relation Officer: A Public Relations Officer (PRO) is the person in charge of all communications, public relations, and public affairs in a company. He leads a team tasked with projecting the correct image of the company's brand to its target audience. The PRO, along with his staff, is in charge of organising and coordinating all PR events and media relations for an organisation.

 

PGDM Career Scope in India 

There are PGDM positions available in both the public and private sectors. A PGDM programme teaches the necessary leadership and management abilities needed in the corporate world. A PGDM might be a stepping stone towards the corporate exposure that a student desires. PGDM is a popular career choice among students, and the sector provides a multitude of work prospects in a variety of fields. Banking, finance, insurance, and education are some of the most prominent career paths for PGDM graduates.

  • Finance: The PGDM graduates can join the Finance or Banking sectors after completing this programme. They learn industry-specific practical skills that are in high demand in the banking and finance business through this coure. Students learn how to understand and apply financial tools and techniques, financial modelling, and risk management, all of which are essential skills for working in the financial sector.
  • IT: The PGDM in IT is a two-year programme designed to give students a solid understanding of modern management approaches and IT tools. The PGDM in IT course specifics cover information processing, information handling, computer languages, software development, and other pertinent areas. Following a PGDM in IT, job opportunities in India include project manager, development manager, business consultant, and so on.
  • Telecom: The PG Diploma in Telecom Management was created with the goal of providing qualified and dependable telecom professionals in a variety of jobs for the growing telecom business. The pass-outs of the PGDM course can work in telecom industry's finance, human resource, customer service, and operations departments.
  • Marketing: It is one of the most prominent PGDM courses in India, with a promising job and remuneration. The PGDM in Marketing is an excellent program for any applicant seeking leadership positions in any organisation's sales and marketing departments.
  • Media and Entertainment: Television, print, digital media, radio, films, live events, sports, out-of-home, and music are all part of the fast-growing and dynamic media and entertainment industry. The two-year programme teaches students to be corporate managers and leaders with a focus on media and entertainment. The course covers numerous aspects of general management and is also in line with the requirements of the M&E business.

 

Quick Overview of PGDM - Important Facts


        Full Form


Post Graduate Diploma in Management


      Course level


Postgraduate Diploma


         Duration


2 Years


      Eligibility


Graduate from the recognized University

    Online PGDM
         Courses

NMIMS, Amity Online, Jaipur National University, Assam Don Bosco University, etc.


      Average Fees


INR 50,000 – INR 2,00,000


       Job Profile


Project Manager, HR Specialist, Financial Research Analyst, etc.


     Average Salary


INR 7 LPA

 

 

Which are the Top PGDM Colleges: 

Name of College

Fees (in INR)

IIM, Calcutta

23 - 25 LPA

IIM, Kozhikode

12 - 20 LPA

IIM, Indore

17 - 35 LPA

IIM, Ahmedabad

12 - 24 LPA

IIM, Bangalore

12.5 - 24 LPA

IIT, Delhi

10.5 LPA

IIM, Lucknow

9.5 - 12 LPA

IIT, Kanpur

2.8 - 13 LPA

IIM, Ranchi

14 - 16 LPA

IIM, Rohtak

9 - 33 LPA

NMIMS, Mumbai

6-24 LPA

SP Jain (SPJIMR), Mumbai

9.5 - 22 LPA

International Management Institute, New Delhi

18 LPA

Great Lakes Institute of Management

13-17 LPA

Symbiosis Institute of Business Management, PUNE

15.9 – 22 LPA

Amity University, Noida

4.8 – 25 LPA

LPU, Jalandhar

1.5 – 9 LPA

Chandigarh University, Chandigarh

40,000 – 6.5 LPA

XLRI, Jamshedpur

35,000 – 27 LPA

MDI Gurgaon

10 – 24 LPA