Introduction
The PGDM, also known as the Post Graduate Diploma in Management, is a two-year postgraduate diploma program that provides practical knowledge in business management PGDM courses are very similar to MBA, both are looked upon equality in the management industry. PGDM courses aim to caters industry oriented necessary skills while MBA programs are more theoretical in approach. Candidates completing PGDM courses receive diplomas rather than degrees. PGDM courses are offered by AICTE-approved institutes/universities or autonomous B-schools. Whereas, institutes that are approved by UGC offer MBA degrees. Once graduated, candidates can opt for job profiles PGDM like Public Relations Officer, Content Developer, Editor, and more. The average salary for PGDM graduates typically falls within the range of INR 5 LPA to INR 15 LPA. PGDM in comparison to MBA or other management courses is pursued at a larger scale for the fact that the PGDM syllabus follows current trends in the market and molds its syllabus accordingly.
Why pursue PGDM?
- The PGDM course is highly sought after by students aiming for a career in management. Graduates with a PGDM degree can expect to work in top organizations at various managerial levels and receive more attractive salary packages compared to other management degrees.
- PGDM programs go beyond textbooks. Through classroom lectures, role-playing exercises, and guest lectures from industry veterans, you’ll gain the confidence and skills to become a strong, inspiring leader.
- The business world is constantly evolving. PGDM programs understand this, and their curriculum is designed to reflect current industry trends and needs. You’ll graduate with the latest knowledge and skills, ensuring you’re not stuck with outdated information.
- PGDM programs don’t just teach you what to think, they teach you how to think critically. By dissecting complex business problems and industry trends, you’ll develop a keen eye for evaluating information and making informed judgments.
- A PGDM degree is highly valued in the corporate sector and is regarded as having more potential than an MBA degree. Because the courses offered in this degree are specialised and skill-based, PGDM courses provide as a direct pathway into the business sector. However, in order to get the same outcome, an MBA degree requires more coursework than a PGDM. As they assist students in selecting a suitable career from their highly sought-after specialisations during the academic year, PGDM courses serve as self-contained career counsellors.
- A PGDM opens doors to a wide range of exciting management positions. You could be an HR recruiter, a sales manager, a public relations expert, or a research analyst, just to name a few. Top companies like HDFC Bank, Dell, Myntra, Amazon, and Lifestyle are known to recruit heavily from PGDM programs.
PGDM Eligibility Criteria
- Candidates must have bachelor’s degree from a recognized college or university in any discipline.
- Candidates should have scored a minimum of 50 per cent in their graduation or an equivalent CGPA (Cumulative Grade Point Average). This can vary depending on the specific program and institute
- Many institutes require you to take and score well on a management entrance exam likeCAT (Common Admission Test), MAT (Management Aptitude Test), XAT (Xavier Aptitude Test), CMAT (Common Management Admission Test), SNAP (Symbiosis National Aptitude Test), or others. The specific exam(s) required will depend on the program and institute.
PGDM Admission Process
The admission process for PGDM may differ from one institute to another. Many colleges and universities offer admission on the basis of the academic performance of the students in graduation. Others provide admissions based on the marks obtained by students in various state and national-level entrance exams conducted by universities or the government.
Candidates can apply for PGDM admissions directly by visiting the campus and filling out the application form and submitting the required documents. Candidates can also apply online on the official website of the college and upload the necessary documents. As mentioned above, colleges that accept entrance exam scores for PGDM admissions require the students to meet the cutoff criteria set by them.
PGDM Course Subjects
Here are some of the common subjects that are part of PGDM courses in India. In their final semester, students can choose a specialization based on their interest.
- Marketing Management
- Financial Management
- Human Resource Management
- Information Technology Management
- Operations and Supply Chain Management
- Business Accounting
- Strategic Management, among others
Types of PGDM
Due to an upsurge in the demands of PGDM courses, there are different options available for the students to choose from the different types of PGDM courses offered.
- Full-Time PGDM: Typically requires a bachelor’s degree with a minimum score of 50% (or equivalent CGPA). Selection is based on entrance exams like CAT, MAT, XAT, etc.
- Online PGDM:Similar to full-time programs, you’ll typically need a bachelor’s degree. Selection for online PGDM programs is often merit-based, focusing on your academic record.
- Distance PGDM: In most cases, a bachelor’s degree is the minimum requirement. Distance PGDM programs may also rely on entrance exams for selection.
Specialisation Details
- PGDM in Banking and Finance: Individuals interested in a profession in banking, finance, or insurance can expect a prosperous and satisfying job.
- PGDM in HR: The HR department is also in charge of many areas of recruitment and employee off-boarding, as well as acting as a liaison between employees and management.
- PGDM in Marketing: A Sales and Marketing course will teach you about customer behaviour as well as the How’s and Why’s of the market.
- PGDM in IT: Information Technology (IT) has evolved into the most basic requirement for the proper functioning of society as a whole.
- PGDM in Business Analytics: MBA in Business Analytics provides training and expertise to create abilities for developing future business plans and strategies based on precise data analysis.
- PGDM in Operation Management: Career prospects following an MBA in Operations Management have expanded considerably in recent years.
Top Institutes Offering PGDM Courses in India
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Colleges
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Course Fees
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Placement
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User Reviews
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Ranking
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|---|---|---|---|---|
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₹19,170
BA 1st Year Fees |
₹7, 50,000
Average Package ₹37, 80,000 Highest Package |
 4.2/5 Based on 129 User Review |
#4 /173 in India
 2023
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|
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₹11,900
BA 1st Year Fees |
₹5, 00,000
Average Package ₹10, 00,000 Highest Package |
4.3/5 Based on 220 User Review |
#8/173 in India
2023
|
|
|
₹7000
BA 1st Year Fees |
₹6, 00,000
Average Package ₹21, 00,000 Highest Package |
4/5 Based on 243 User Review |
#16/173 in India
2023
|
|
|
₹90000
BA 1st Year Fees |
₹20, 00,000
Highest Package |
4.1/5 Based on 574User Review |
#11/173 in India
2023
|
|
|
₹14160
BA 1st Year Fees |
₹21, 50,000
Highest Package |
4.3/5 Based on 574User Review |
#3/173 in India
2023
|
Career Options after PGDM
There are a variety of career options after PGDM in the public and private sectors, with an average pay of INR 5 to 10 LPA.
Students can work as professors and instructors at research and educational institutions, teaching management, accounting, business, and soft skills. Here’s a glimpse into the possibilities:
- Banking:Become a Bank Sales Officer, Relationship Manager, or Executive Manager, guiding clients and overseeing bank operations (Average Salary: ₹3-8 Lakhs).
- Education:Educate future generations as a College Marketing Officer, Student Counselor, or Curriculum Developer (Average Salary: ₹2-6 Lakhs).
- Non-Profits:Make a social impact! Consult for non-profits as a Business Transformation Consultant or support operations as a Product Quantity Officer (Average Salary: ₹3-15 Lakhs).
- Exports:Help businesses go global! Work in international trade as a Commercial Manager, Procurement Manager,or Fema Specialist (Average Salary: ₹5-15 Lakhs).
PGDM graduates are in high demand across sectors, including:
- Management Consulting (Avg. Salary: ₹4.36 Lakhs)
- Marketing (Avg. Salary: ₹4.2 Lakhs)
- Human Resources (Avg. Salary: ₹3.82 Lakhs)
- Finance (Avg. Salary: ₹9.93 Lakhs)
- Operations Management (Avg. Salary: ₹7.65 Lakhs)
- Government Jobs:PGDM can also open doors to government positions like Administrative Assistant, Technical Assistant, or Business Manager (Average Salary: ₹4-9 Lakhs).
Remember, these are just average salaries. With experience and specialization, you can reach even greater heights!
What is a PGDM?
A PGDM (Post Graduate Diploma in Management) is a course that equips you with the skills and knowledge to succeed in business management.
Does an MBA hold more value compared to a PGDM?
The PGDM and MBA share the same attitude, however their methods differ. PGDM is more career-oriented than MBA.
Can PGDM assist me in advancing my career?
Yes, individuals will undoubtedly have excellent career options after PGDM if they have the drive to learn in their particular professions. It requires some work, but students can succeed if they have the guts to take on obstacles and follow their passion
Where can I find the best PGDM courses in India?
Some of the top institutions offering PGDM courses in India are Indian Institute of Management in Bangalore and Kolkata, Xavier’s Labour Relation Institute in Jamshedpur, and SP Jain Institute of Management and Research in Mumbai.
Can a PGDM degree be used for government job applications?
Yes, a PGDM degree is now accepted for applying to government jobs, provided that the college is approved by AICTE.
