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PGDM
PGDM Full Form, Course, Eligibility, Admission, Colleges 2024-26
PGDM
(Post Graduate Diploma in Management)
PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. On similar lines AICTE (All India Council for Technical Education) is allowing approved colleges to run a PGDM course and the Business Schools offering this PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE.
About PGDM Course
The Post Graduate Diploma in Management (PGDM) is an industry-oriented management education with a more practical approach. The course’s curriculum is quite similar to that of an MBA, with the goal of providing management training to students, followed by tough case studies and seminars to prepare students for the industry.
Why PGDM?
Students who desire to pursue a career in management will find the PGDM to be a very rigorous degree. With the ever-changing world, the needs of organisations, institutions, and businesses are evolving as well. Managers, leaders, functional heads, and specialised executives are in high demand all around the world.
- This course is open to students from any discipline: The PGDM Syllabus is meant to help students of many fields define their careers. For their overall growth, students with a Bachelor’s Degree in any discipline with the required percentage can enrol in the PGDM programme.
- Interdisciplinary Course: The PGDM is an interdisciplinary course that combines streams such as management, accounting, and economics to address industry needs. Rather than focusing on a single subject, the PGDM programme provides students with a broad range of expertise.
- Preparing Future Managers: The country’s demand for excellent managers is growing by the day. Organizations frequently spend a significant amount of money on training and development in order to fulfil industry requirements. The PGDM programme assists students in aligning their skills with the current needs of industries and markets.
- Leverage on Current Salary or Job Position: The PGDM education aids aspirants in climbing the pyramid ladder. It provides salary increases, promotions, and CV enhancements by keeping up with current market demands.
About Business Schools
In a Business School, you will learn about the importance of human and labour factors in organisations including the structure, design and culture of organisations; management theory; policies and practices; and employment relations. Studying Management as a postgraduate discipline is not only for those who want to be a manager. Management may interest you because you want to understand how an organisation works. At postgraduate level, you will learn about leadership roles and how people function in organisations.Where Can You Get a PGDM?
Much like a law school or medical school education, the academic content of a business school education does not vary much between programs. However, experts will tell you that the value of your PGDM is often directly related to the prestige of the school which grants it. Every year PGDM offering Business Schools receive rankings from various organizations and publications. These ranking are determined by a variety of factors and can be very useful when choosing a business school PGDM programme.Why Get an PGDM ?
The main reason to attend B-School is to increase your salary potential and advance your career. Because graduates who hold a PGDM are eligible for jobs that would not be offered to those who hold only normal degrees, a PGDM is almost a necessity in today’s business world. In most cases, a PGDM is required for executive and senior management positions. There are some companies who will not even consider applicants unless they have a PGDM. People who hold a PGDM will find that there are many different types of employment opportunities that are available to them.Advantages of PGDM
When an Institute secures autonomy they design their own curriculum to be taught instead of following prescribed as in University syllabus. Normally, the syllabus change at University level happens once in either 3 or 5 years. Technically syllabus change affects university affiliating colleges, the books needs to be revised and the faculty needs to upgrade themselves and in the colleges, having autonomy, the curriculum can be updated regularly depending on the need in Industry without approval from any University. Hence one can say that PGDM courses are more Industry relevant, up to date as compared to MBA courses.What Can You Do With a PGDM ?
PGDM programs offer an education in management along with a more specialized curriculum. Because this type of education is relevant to all industries and sectors, it will be valuable regardless of the career that is chosen after graduation.Information about the approvals
While opting for PGDM courses, students must exercise caution and check the accreditation status of the college. Colleges offering PGDM courses need to be accredited by AICTE. In case of MBA, the colleges are affiliated to a University and Universities are controlled by University Grants Commission (UGC) and the colleges may also get accredited by AICTEEx-PGDM / Ex-MBA
Executive PGDM (Ex-MBA) program specifically targets corporate executives and managers. The program enables them to study and work towards earnings this business degree while continuing to hold their existing full-time jobs. Ex-PGDM students typically possess considerable work experience before entering the program. Ex-PGDM programs are made up of a mix of classroom teaching on evenings and weekends, online tutorials and occasional full-day sessions.
Career advancement and better prospects are primary motivators for executives to embark on this program. Since most of these executives are also working during the duration of the program, they are in a better position to apply the management techniques and best practices learned in the classroom to real-life situations, as compared to traditional MBAs who are in graduate school full-time.
Education delivery using Case Study
Approach in Business Schools Some business schools center their teaching on the use of case studies (i.e. the case method). Case studies have been used in graduate and undergraduate business education for nearly one hundred years. Business cases are historical descriptions of actual business situations. Typically, information is presented about a business firm’s products, markets, competition, financial structure, sales volumes, management, employees and other factors affecting the firm’s success. The length of a business case study may range from two or three pages to 30 pages, or more. Business schools often obtain case studies published by the Harvard Business School & other prominent schools.
What is an AIMA PGDM, PGPM Verses AICTE PGDM?
AIMA PGDM or PGPM course is a certificate program; AIMA stands for All India Management Association an apex body which conducts MAT examination.
AIMA offers PGDM which is clearly mentioned as a course approved by AICTE and DEC -Distance Education Council. There is a lot of difference between AIMA PGDM, PGPM &AICTE PGDM.
Careers available for PGDM / Ex-PGDM / MBA Management Professionals
A wide and varied range of roles and careers is open to you when you study Management at either undergraduate or postgraduate level including general management, consulting, business strategy, training and development, recruitment, human resources, employment relations, public policy, business consulting and senior management roles in business and industry.
PGDM – Industry Integrated Specializations & Programs
- Actuarial Science & Risk Management
- Agriculture Management
- Entertainment & Media Management
- Financial Services
- Health Care Management
- Hospital Management
- Hospitality Management
- Infrastructure Management
- Insurance Management
- Petroleum Management
- Pharma Management
- Business Analytics
- Plant Management
- Retail Management
- Telecom Management
- Tourism Management
- Banking & Insurance
- Management
- Construction Management
- Forestry Management
- Oil & Natural Gas Management.
PGDM Admission Process
PGDM Admissions takes place on the basis of entrance exams conducted by national bodies, institutes, or a group of institutes.After qualifying these exams, candidates are called for further rounds like written test, group discussion, and personal interview.Final admission is provided to students based on their performance in these rounds.
PGDM Eligibility
Candidates seeking admission should have a Bachelor’s degree in any course with a minimum of 50%, from any recognized college or institute. But in the case of elite institutions like IIM, a minimum of 60% or 6.5 CGPA on the scale of 10, should have been scored at the graduation level.
There is no age limit as such, to pursue this course.
PGDM Admissions 2023
- The eligibility criteria for PGDM courses is a Bachelor’s degree from a recognised university with 50% aggregate marks or CGPA
- PGDM Entrance Exams: CAT, MAT, XAT, GMAT, SNAP, CMAT, ATMA
- PGDM Admission fees ranges between 1 Lakh – 20 Lakhs
PGDM Entrance Exams
The most accepted PGDM Entrance Exams in India are CAT and MAT. Other entrance exams are mostly limited to a particular institute or state.
CAT
Common Admission Test (CAT) is an entrance exam to take admission into 2 year PGDM courses programs in India. The eligibility for taking CAT exam is 50% marks in graduation, for reserved categories the qualifying marks are relaxed up to 5%. All colleges in India accept CAT marks for PGDM Admissions.
PGDM Jobs
After completion of a PGDM course, one can find a number of employment opportunities in both the public and private sectors and earn around INR 5 to 10 LPA. Students can go into research and educational institutes and become professors and teachers for Management, Accounting Business and Soft skills wherein their duty will be to impart their knowledge and expertise to the younger students.
IIRM Business School, Hyderabad
Admissions Open for PGDM 2024-26
INSTITUTE OF INSURANCE AND RISK MANAGEMENT, HYDERABAD
(A Joint Initiative of IRDAI and Govt. of Telangana)
“The Emerging Institute of National Importance”
“Industry-Oriented Transformational Learning”
Accreditations
ALL INDIA Rankings
KEY HIGHLIGHTS
- IIRM is founded and self financed institution founded by IRDAI & backed by Government of Telangana
- IIRM is the centre of excellence of National repute, in line with IIMs in India with stringent policies & guidelines laid down by the government of India
- IIRM offered PGDM Program is planned with 130 Credits and can offer 3 Specializations
- IIRM with all its industry collaboration learnings, offers Marketing specialization & Operations which is in high demand
- IIRM students after its PGDM course completion are offered with high employability opportunities
Post Graduate Diploma in Management
(Full-Time | Duration - 2 Years)
Recognized by All India Council for Technical Education (AICTE), New Delhi
PGDM
with Dual Specializations
First Year (3 Trimesters)
- General Management Subjects
- Specialization in Core Subjects
- Industry Oriented Experiential Learning
- Learning & Development (L&D)
- Guest Lectures & Webinars
- Internship
Second Year (3 Trimesters)
- General Management Subjects
- Specializations
- Industry Acclimatization
- Project Work
- Guest Lectures & Webinars
- Pre-Placement Training
- Placement Process
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PGDM FAQs
PGDM stands for Post Graduate Diploma in Management. It is of 2 years and trains students the basics and application of management practices and techniques in a business or any organization.
Both PGDM and MBA are postgraduate degrees in the field of management. The basic difference between them is that PGDM provides a more practical approach than an MBA. There is a difference in the course fees as well.
PGDM offers many specializations like Marketing, International Business, Finance, Logistics-Supply Chain Management & Operations, and many more. Check PGDM Specializations to know more.
Yes, PGDM degree is now valid to apply for government jobs, in the case of colleges approved by AICTE.
The Average course fees to pursue PGDM course is around INR 3-20 Lakhs.
The basic eligibility to pursue PGDM course is 50% in Bachelor’s degree pursued from a recognized college or institute in any stream.
PGDM includes many subjects like Organizational Behaviour, Managerial Accounting, Business Communication, Managerial Economics, Quantitative Techniques, Operations Management and others. Check PGDM Syllabus for year wise break up of the syllabus.
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