What is the full form of PGDM ? | Physics Wallah

What is the full form of PGDM?

PGDM stands for Post Graduate Diploma in Management. PGDM is a two-year full-time course offered by various universities and institutes in India. This course can be divided into four or six semesters depending on the curricula of different universities and institutes. PGDM training institutes are accredited by the Ministry of Human Resources, Government of India, AICTE (Technical Education Council of India). The structure and topics of the PGDM course are almost the same as the MBA (Masters of Business Administration) course. The only difference between them is that MBA offers a degree whereas PGDM is a course leading to a master's degree. Students can choose the specialization in PGDM depending on their interests and skills. The expertise in PGDM includes financial management, marketing, human resources, etc. PGDM fees vary from institute to institute. There are many job opportunities in every field, including the public and private sectors. Students with a master's degree in management are placed at the management level in top companies.

Advantages of PGDM

1.By choosing to pursue a master's in management, you can switch careers or even start a career as a professional in a management field.

2.It takes less time (one year) than completing a master's degree such as an MBA.

3.A PG diploma in management is less expensive than a master's.

4.A student can increase their practical knowledge in a management field.

Eligibility criteria of PGDM

Students seeking admission to the Postgraduate Diploma in Management must meet the minimum eligibility criteria. Because eligibility may vary from institute to institute. Therefore, you should check before applying. See the points below for key eligibility criteria.

1.The student must have a bachelor's degree in any field from a recognized university.

2.At the graduation level, a minimum score of 60% is required.

3.In the case of CGPA, a minimum of 6.5 on a scale of 10 is required.

Admission process for PGDM

Many colleges and universities offer a master's degree in management. The admission procedure is different for each institution. Read the tips below to learn more about admission to PGDM.

1.Admission based on entrance exams such as CAT, MAT, XAT.

2.Some public universities also run their entrance exams, Karnataka Management Aptitude Test (KMAT), Tamil Nadu Joint Entrance Test (TANCET), and more.

3.To be admitted to the college or university of your choice, the student must qualify to enter the relevant institute and also pass the threshold.

Career opportunities after PGDM

Obtaining a PGDM degree opens up many opportunities in the private and public sectors. Students will be placed in a variety of sectors based on specializations such as financial management, business analysis, human resources, marketing, among others. The list of positions available after PGDM is given below.

Sales and Market Analyst

Financial Advisor

Investment Banker

Business Analyst

HR Manager 

Relationship Manager

Colleges of PGDM

1.Indian Institute of Management, Bangalore

2.Indian Institute of Management, Kolkata

3.Xavier Institute of Labor Relations, Jamshedpur

4.Management Development Institute, Gurugram

5.Faculty of Management, New Delhi

6.International Institute of Management, New Delhi

7.Indian Institute of Foreign Trade, Delhi

8.Narsee Monjee Institute for Management Studies, Mumbai

9.International Management Studies, Calcutta.