PGDM is often considered a course that is equivalent to an MBA (Masters Of Business Administration) course. Suppose the college is accredited by the Association of Indian Universities (AIU). This course focuses on providing practical knowledge to students in the field of management. Both MBA and PGDM are considered ideal courses for Management studies. Both courses are studied at a Post Graduate Level. This course is preferably for management students but it’s open for everyone, students from any stream be it Commerce, Arts or Science can opt for the PGDM course after meeting essential eligibility criteria.
There are certainly 3 Types of PGDM courses available. They are
- Full-Time PGDM
- Online PGDM
- Distance PGDM
Post Graduate Diploma in Management (PGDM) Eligibility Criteria
The basic eligibility criteria for securing admission to the PGDM course are
- Students should have a Bachelor’s Degree from a recognized university.
- Students who have a BBA (Bachelors Of Business Administration Degree) are given preference
- A student should have at least passed with 45% marks or more in a bachelor’s Degree.
- Students belonging to Quota are given special relaxation for admission.
Also, Note that minimum eligibility criteria vary from one college to another.
Entrance Exam for Post Graduate Diploma in Management (PGDM)
There are many entrance exams through which you can admission to the PGDM course but some of the top entrance examinations that are most preferred by colleges and students for admission are MAT, CAT, CMAT, XAT, SNAP, and GMAT.
Difference Between MBA and PGDM
- PGDM is a diploma course while MBA is a degree course
- The curriculum of an MBA is designed by Universities while the curriculum of a PGDM is designed by individual Institutes which provides flexibility.
- Experts believe that MBA focuses more on theoretical studies while PGDM focuses on Practical teachings
- The tuition Fees of PGDM are higher than MBA.
Post Graduate Diploma in Management (PGDM) Scope and Importance
This course contains subjects from various fields and allows students to study the subject of their interest and make a career in that particular field. This will give you the extra edge and teach you good communication and interpersonal skills. This course provides various internship opportunities to students and makes them learn through practical applications. If Entrepreneurship excites you the most, you should opt for this course.
Post Graduate Diploma in Management (PGDM) Average Fees
A PGDM course Fee structure can range between INR 1,00,000 to INR 20,00,000 based on the specialization you opt for and the type of college you study.
Post Graduate Diploma in Management (PGDM) Syllabus and Duration
Entrance Exams for PGDM are conducted at State and National Levels and the syllabus for PGDM contains vast subjects like Business Law, Economics, Finance, Accounts, etc. The most popular specialization preferred by students is Operations, International Business, Human Resources, Sales, Marketing, Business Analytics, etc.
PGDM duration is two years just like every other Post Graduate course.
Post Graduate Diploma in Management (PGDM) Average Salary in India
In India, a student who has completed a PGDM course can expect a salary close to INR 7.73 LPA. Though it differs based on the Job role and industry type you are working in.
Top recruiting companies who prefer PGDM students
Some of the huge companies which prefer students with PGDM courses are TCS (Tata Consultancy Services), EY, HCL Technologies, J.P. Morgan Chase & Co., Cybage, IBM Corp., etc.
If you have any suggestions regarding this article then you can leave your suggestion in the comment box.
FAQs
What is the full form of PGDM?
The full form of PGDM is Post Graduate Diploma in Management.
Why should we study PGDM?
This course contains subjects from various fields and allows students to study the subject of their interest and make a career in that particular field. This will give you the extra edge and teach you good communication and interpersonal skills. This course provides various internship opportunities to students and makes them learn through practical applications.
What is the Duration for Post Graduate Diploma in Management?
The duration for completing the PGDM course is 2 years.
What is the Difference between MBA and Post Graduate Diploma in Management (PGDM)?
MBA (Master Of Business Administration) is a Degree while PGDM (Post Graduate Diploma in Management) is a Diploma course.
What is the average fee for the Post Graduate Diploma in Management (PGDM) course?
A PGDM course Fee structure can range between INR 1,00,000 to INR 20,00,000 based on the specialization you opt for and the type of college you study.
What is the average salary and income after PGDM?
In India, a student who has completed a PGDM course can expect a salary close to INR 7.73 LPA. Though it differs based on the Job role and industry type you are working in.
What is the scope in India after the Post Graduate Diploma in Management (PGDM) course?
This course provides various internship opportunities to students and makes them learn through practical applications. If Entrepreneurship excites you the most, you should opt for this course.
Is Post Graduate Diploma in Management (PGDM) course a good career option?
Yes, PGDM is a good career option as it provides us with opportunities to learn from practical applications and choose an area of our interest.
What are the top companies which love to hire PGDM students?
(Tata Consultancy Services), EY, HCL Technologies, J.P. Morgan Chase & Co., Cybage, IBM Corp., etc. are some of the top companies which hire PGDM students.
Is PGDM better than MBA?
Both MBA and PGDM are reputed courses and equivalent courses in terms of the kind of knowledge and curriculum they serve.
Cool stuff!.
This is what I think
Great blog post about PGDM course! It’s interesting to know that both MBA and PGDM are considered ideal courses for management studies. My question is, what would be your suggestion for students who are confused between MBA and PGDM and are unable to decide which course they should opt for?
Thanks, Ely
Both are good at their places and go for MBA, if you are not able to go for MBA then you can go for PGDM.