Post Graduate Diploma in Management is a 2-year post graduate diploma course. PGDM course studies the intricacies of management and sharpens a student’s mind to tackle the daily obstacles that they are faced in the field of management. In order to be eligible for the course, candidates must have completed graduation preferably from the management field.
PGDM is generally offered by institutes that are recognized by All India Council for Technical Education (AICTE). Universities that are autonomous in nature, i.e. they are not affiliated with any university also offer PGDM course. However, if a university is accredited by the Association of Indian Universities (AIU), then a PGDM course becomes equivalent to an MBA degree.
The course helps to build conceptual knowledge and skills in students who can go on to work in industries, government or private organizations. The course is beneficial as students can become Management Analysts, Consultants,and Executives and help an organization grow. After completing the course, one can even go for higher degree courses and improve their skills.
Students pursuing the course build soft skills needed to run the firm in an efficient manner. The program is more industry-oriented and appropriate practical sessions are also held. Since an autonomous institute need not abide by university standards, it can freely change its curriculum according to the latest industrial and business standards. The course prepares its learners to obtain senior level positions in a company.
Top 10 PGDM colleges:
Indian Institute of Management , Bangalore
Indian Institute of Management , Kolkata
Xavier’s Labour Relation Institute, Jamshedpur
SP Jain Institute of Management and Research, Mumbai
Management Development Institute, Gurugram
Faculty of Management Studies, Delhi
International Management Institute, New Delhi
Indian Institute of Foreign Trade, Delhi
NarseeMonjee Institute of Management Studies, Mumbai
International Management Studies, Kolkata
Eligibility for Post Graduate Diploma in Management
To apply for the PGDM course, candidates must fulfill the below-mentioned eligibility criteria:
Graduation from a recognized college or university
Minimum of 50% marks in graduation.
Students securing below 50% marks should have appeared for some entrance examination so as to get a seat in their desired college.
Admission Process in Post Graduate Diploma in Management
To apply for the Post Graduate Diploma in Management course, various entrance exams are conducted in India from time to time. Those who have secured above 50% marks are exempted from entrance exams and can get direct admission in their choice of college. Those who have secured below 50% marks in graduation should give any of the following entrance exams to get admission in their college of choice.
How to carefully choose your college:
Understand your goal
It is very important for you to know your intention and motivation to choose the PGDM course. As a PGDM applicant, you may have different goals and career plans. Before selecting a PGDM college you need to answer yourself the following questions like, is a hike in a salary more important to you or do you need international experience? Are you ready to switch your career at any point in time or you would like to continue the same career option? Answers to these questions will help you to chalk out the type of career you would like to pursue in your life. Not every PGDM applicant may want to enter Investment Banking sectors or they want to be an Entrepreneur. Always be aware of your strengths and weakness and then search for the PGDM Colleges which are famous for the specialization you wish to pursue in your management.
Check the Accreditation
The Accreditation part plays an important role while choosing PGDM College. It assures the quality education, financial aid opportunities,and credit transfers. The chances of you getting hired in a reputed company increase if you are a student from an accredited college. The quality of education and the career opportunity in an accredited college is better than the unaccredited college. The All India Council for Technical Education (AICTE) seal of approval shows that the B-school has taken the effort to follow the best practice and standard that accreditation body demands. International companies also show a lot of interest in hiring accredited college students. If the college is not accredited to any Government body then it is not eligible to participate in Government student assistant programs. You will also be not able to do PhD. or any research work if the institute is not accredited. The management degree which you will receive after completion of the course will not be recognized.
Pedagogy and Curriculum
The important aspect of the good B-School is the variety and flexibility in the pedagogy which is used to infuse the scope for innovation and experimentation. The overall focus of the management program and the blend of course learning requirements are important. A good management college teaches you how to think, cross-functional competency, functional domain knowledge,andteamwork. The curriculum for a PGDM college should be designed in such a way that you expand your knowledge and understanding of the current changes in the business environment through the study of leadership, organizational change and transformation,and strategic management.
Placements do play an important role but it should not be the only criteria in choosing the PGDM College. The college is responsible for imparting knowledge and preparing you to deliver in an adverse position. It is not a placement agency. However, it will prepare you in getting your desired job. A good B-school will always support students with placements, building relationships and career counseling with the recruiters around the world. As a PGDM applicant, you can ask the college for names of companies that visit their campus and the number of student placements every year. A college that gives you a detailed list and claim placements up to a decent percentage is the one you should choose.
Alumni of the college
Alumni students are the mirror of any institution. The profile of the alumni students determines the reputation of the institution. The Alumni can give you valuable information and suggestion that you will get from nowhere. Try to find out if there are enough alumni from you’re filed of interest. The Alumni students might also help you in being an entrepreneur.
Location of the college
The location of the college also plays an important role in the college selection process. Metro cities like Bangalore, Chennai, New Delhi, Mumbai etc. are often the home for reputed companies, which means access is easier to business leaders and top MNC’s recruiters will look for an aspirant who have not only learned the theory behind successful business management but who actually have experienced it first-hand. It is advisable to select the college which is in big cities as it will help you in getting a better career opportunity.
Studying and doing an internship abroad will improve your understanding of job markets and it will also give you better exposure. Employers look for an aspirant who is aware of national and international markets. Always choose a B-School that provide overseas partnerships which will help you in the career growth. The key to success in today’s economy is where business has global and international exposure. It is important that students appreciate cultural differences and gain insights on foreign policies. This will help them in having a better understanding of the global market place. The best B-Schools have international recognition and build international networks with partners. This gives students an opportunity to study at other leading business schools through Exchange Programs. During the Exchange program students who come from abroad brings a unique flavor to the campus.