PGDM - Sure shot key to Corporate Success

In current times, every company needs a group of expert professionals to endure the competitive business atmosphere. However, a manager must be qualified enough to handle the difficulties a company encounters throughout its existence. Competent experts pass on their capabilities on to others through management education institutions. Management institutions among the Top 10 MBA colleges are spread across the world in great numbers. However, the role of a B-school is not limited to educational progression or improvement of understanding as a Post Graduate Diploma in Management (PGDM) program from Top 10 MBA colleges concentrates on developing knowledge and improving the capabilities vital in order to sustain in the corporate atmosphere. Some of these competencies include company research and decision making capabilities, group capabilities, interaction and leadership ability.

In a recent study, it has been found that there will be large demand for management professionals in India in the next five years. This is the reason why a huge number of students from Top 10 MBA colleges are now concentrating upon high quality management education and this has enabled many educational institutions to offer two year full time PGDM course program. There is always a discussion among the prospective students as to which course is better- PGDM or MBA. When opinions of many experienced personnel were taken into consideration, it was observed that PGDM program is equivalent to the MBA program and in some of the aspects, it is even better than MBA.

PGDM and its benefits

PGDM program which is offered by AICTE approved colleges is industry oriented and is perfectly suited for the students who are interested in making a long term career in the field of business administration. One more advantage of PGDM program is that the course curriculum is periodically updated as per the requirement of the industry and this helps the aspirants to acquire the most up-to-date knowledge of their field. The specialization options available in the PGDM program enlighten the students about the specific subjects and enable them to be the jack of all & master of one.

Although, there are many best B-Schools in India which offers PGDM course program, there is one B-school which is unique and truly understands that in order to survive in this fast paced competitive age, one has to be innovative. Through its global curriculum this institute named IILM encourages leadership & entrepreneurship development as this out of the box initiative permits the candidates to take up creative projects and thereby learn the business strategies as per the practical world’s requirements.

How to choose a PGDM Specialization?

Once you have decided to the pursue PGDM program, the next step is to opt for a specialization. It is a very crucial decision for a management aspirant to choose a stream. This is because you have to spend two years studying the subjects related to it. Also, the recruiters will hire you based on your specialization. Almost every college providing PGDM course has almost same type of specialization. For instance, if you have pursued PGDM in HR then you will be hired by a recruitment firm for the role of an HR. These are mostly in aicte approved colleges in India.


What are the different types of specializations for PGDM course?

PGDM in Finance

Post Graduate Diploma in Finance covers finance management, cost accounting, mergers and acquisition, etc. Finance is the life blood of any organization irrespective of its size, location or nature of business. A management degree in finance will open many doors for you.

PGDM in Human Resource Management

It is said that manpower is the backbone of every organization. An HR is a person in any organization who hires the employees based on the requirement and deals with their overall work and development. As an HR, you get to deal with talent acquisition, payroll, industry trends, government regulations, performance management, organization insights and much more.

PGDM in Operations

PGDM in operations is focused more on the technical subjects. You will get to learn six sigma principles, quality management, logistics, etc. The concepts of effectiveness and efficiency of any organizations revolve around the operation management.

PGDM in Marketing

Marketing is the most dynamic field. It involves brand management, marketing strategies, advertising, business trends and patterns.
Nowadays, there are a number of other specializations too, like tourism, supply chain management, retail, etc. These specializations are mostly taken up by professionals who have gained relevant experience in that field.

Steps to Choose PGDM Course Specialization

Students should consider a few basic factors before they choose a specialization. It often happens that students choose a particular specialization while enrolling for a PGDM course in Delhi-NCR or other places. However, they hop to the other in the second year of their course. It is highly recommended that you should think from various perspectives before you make a choice and then be firm on it.

Goals and aspirations

It is most important that you should have definite goals for yourself. If you think you are more technically inclined, operations is an ideal choice for you. In case you are more of a people’s person who understands human psychology, you are suitable for HR role or marketing. Similarly, if you aspire to be an investment banker or like to play with numbers, go for finance. Look out for top management colleges in India for more information on this topic.

Educational background

It is said that people from engineering background should go for a specialization in operation. If you have some experience or degree in accounts, it is needless to say that finance is your field. A more creative individual should choose marketing. You can think on the same lines for HR.

PGDM College

Once you are sure about your aims and interest, choose top MBA colleges in India that offers the desired specialization. The college should provide placement opportunities. Another key point, make sure that the college or university has the necessary accreditations and approvals.