Students of commerce who are planning to pursue a degree or diploma in management abroad should consider a course like PGDM. PGDM, Post Graduate Diploma in Management, is a two-year diploma course that equips you with the essential skills required in the management and business industry. PGDM courses provide you with a similar range of knowledge offered in a degree like an MBA. PGDM is becoming popular among students willing to explore the stream of management further after completing their bachelor’s degree. Here, in this blog, we will bring you all the information about PGDM courses, the key elements of this course, top colleges as well as job prospects you can discover after completing this course
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PGDM Course Details Highlights
|PGDM Course Duration||2 years|
|PGDM Eligibility||Bachelor’s degree|
|Admission Process||Direct admission or based on the entrance examination|
|Semester Wise/ Year Wise||Semester Wise|
|Entrance Examination||CAT, MAT, GMAT, CMAT, XAT, NMAT, ATMA|
|Average Fee||Rs. 1,00,000 to Rs. 20,00,000|
|Average Annual Salary||Rs. 8,00,000 LPA|
About PGDM Course
The Post Graduate Diploma in Management (PGDM) is an industry-oriented management course with a more practical approach. The course’s curriculum is quite similar to that of an MBA, to provide management training programs to students, followed by tough case studies and seminars to prepare them for the industry.
Why Choose PGDM Course?
A career in management can lead to a variety of job prospects. These days, students are more interested in starting their businesses. The Post Graduate Diploma in Management, or PGDM, has a promising future ahead of it with several options. In terms of new industrial patterns and other business-related areas, it has a lot of opportunities to expand.
Types of PGDM
Due to an increase in the demand for PGDM courses, students now have a variety of alternatives to pick from among the many types of PGDM courses available. For example, a professional who wishes to study a PGDM degree to advance in his or her career can choose between a PGDM Distance course and a PGDM Online course, depending on his or her needs.
|Types of PGDM||Admission||Fees|
|Full-Time||Entrance Based||INR 4- 24 LPA|
|Distance||Entrance Based||INR 30,000-50,000|
MBA vs PGDM
Although MBA and PGDM are not the same, they do share essential courses. AIU accreditation elevates a PGDM program to the level of an MBA. The majority of private colleges offer PGDM programs. During the hiring process, both an MBA and a PGDM are considered comparable. The following are some of the distinctions between an MBA and a PGDM:
|Full-Form||Master of Business Administration||Post Graduate Diploma in Management|
|Qualification||Degree Course||Diploma Course|
|Duration||2 years||1-2 years|
|Eligibility||Graduation from a recognized institution in any UG program in any stream with a minimum of 50% in UG.||Graduation from a recognized institution with a minimum of 50% in any UG course in any stream.|
|Fees||INR 2-20 LPA||INR 4-24 LPA|
|Average Salary||INR 7 – 10 LPA (starting salary)||INR 12 – 15 LPA (starting salary)|
|Entrance Exams||XAT, NMAT, SNAP, ATMA, CAT||MAT, CAT, CMAT, XAT, GMAT|
Key Elements of PGDM Courses
If you are confused about the components of PGDM courses, then here are some key elements of this course you will get to explore during the course:
- Human Resource Management
In this discipline, you will learn about the strategic approach toward the management of personnel in a company or an organization. Human Resource Management plays a chief role in ensuring that a company is running smoothly and the employees are also working efficiently in a comfortable work environment.
- Marketing Management
This field of study looks at efficient management of the market by the people through the process of planning, executing, pricing, and promoting goods, services, and ideas. This is carried out to achieve a specific target that can differ according to the needs of a company or an individual.
- Introduction to Information Technology
To keep up with the current demand in the IT sector, this course has also introduced a subject that gives you a basic understanding of what information technology is all about. Studying this subject, you will develop an understanding of the dynamics of the international market in terms of the IT sector.
- Business Law
This field of study makes you familiar with various laws and consumer rights that you should know about before entering the market. These laws include various subjects such as Human Resource Management, hiring processes, Consumer Rights, Corporate Law, Jurisdiction, etc.
With exponential growth in the start-up culture, Entrepreneurship has become an important subject that needs to be studied in management studies. This field helps the student in understanding the basic foundations of setting up a business and getting an in-depth knowledge of risk management.
- Operational Management
Operational Management as a field of study teaches you about how to make a company work efficiently so that the processes of development, remodeling, and management can work in maximizing a company’s profits. It involves monitoring the daily operations of a company and the resources utilized and bringing them to optimum use through adopting various approaches and methods.
- Financial Management
This field of study applies general principles of management to the financial possessions of a particular company. Studying this subject helps in efficiently managing the capital and other resources of a company.
Also Read: PGDM vs MBA – An Unbiased Comparison
An obligatory collection of courses covering all basic areas in management and a series of elective courses aimed at developing job-specific skills and knowledge make up the PGDM course structure. The PGDM Syllabus is broken down into semesters in the table below.
|PGDM Subjects Semester I|
|Management Functions & Behaviour||Human Resource Management|
|Economics and Social Environment||Introduction to Information Technology|
|PGDM Subjects Semester II|
|Operations Management||Marketing Management|
|Quantitative Techniques for Managers||Managerial Economics|
|PGDM Subjects Semester III|
|Marketing Management (MM)||Financial Management (FM)|
|International Business (IB)||Human Resource Management (HR)|
|Operations Management (OM)||Information Systems (IS)|
|Insurance Management (IN)||–|
|PGDM Subjects Semester IV|
|Business Law & Corporate Governance||International Business|
|Management Information Systems||Research Methodology|
Candidates for admission must have a Bachelor’s degree from a recognized college or institute in any course with a minimum of 50%. However, at premier universities such as IIM, a minimum of 60% or 6.5 CGPA on a scale of 10 should have been achieved at the graduation level. There is no set age limit for taking this course.
PGDM Course Fees
The cost of pursuing a PGDM varies by institution. Private institutions may charge a high tuition cost for admission to a Post Graduate Diploma in Management, whilst government colleges may charge a low rate. A Post Graduate Diploma in Management would set you back from anything between Rs. 150,000 and Rs. 250,000.
Top Colleges & Universities for PGDM Courses
There are various business schools and universities around the world that offer a varied range of PGDM courses. Here are the top colleges in the world providing Postgraduate Diploma in Management courses with a well-updated curriculum designed to meet the practical skills of the industry:
- University of Pennsylvania
- London School of Business
- Harvard Business School
- Columbia Business School
- MIT Sloan
- IE Business School
- Said Business School
- Stanford Graduate School
- National University of Singapore
- The University of Chicago
- The Fuqua School of Business
- Ivey Business School
Top PGDM Colleges in India
According to India Today, the following are the top universities that offer a PGDM program:
|India Today Rank||College Name|
|14||IMI New Delhi|
PGDM Courses: Job Prospects And Salary
Since this course is more industry-oriented, there are numerous career opportunities to explore high managerial profiles. Here are a few job prospects that you might be interested in after completing Post Graduate Diploma in Management (PGDM):
- Administrative Officer
- Human Resource Manager
- Business Analyst
- Public Relations Officer
- Financial Manager
|Job Positions||Average Salary (in LPA)|
|International Sales Manager||10,80,000|
- Tata Consultancy Services Limited
- Computer Sciences Corporation
- Wipro Technologies Ltd.
- HCL Technologies Ltd.
- EY (Ernst & Young)
- Infosys Limited
- J.P. Morgan Chase & Co.
- Deutsche Bank
- IBM Corp.
PGDM courses equip you with the right skill set as a management professional and offer vast opportunities to explore the industry. If you are unsure about the right course to pursue your PG Diploma in Management, our Leverage Edu experts can guide you in selecting an ideal course in your field of interest to build an incredible career in the field of management.