Wish to do post-graduation in management but don't have two years to devote? Well, various institutions have come up with a one-year post-Graduate Diploma in Management course, which provides you with the same skill set with more training and in less time.
In recent years, there has been a surge in interest in the PGDM degree among management candidates. The key reason for its popularity is that talented PGDM students have more professional options than MBA students.
The PGDM program is a newly developed course that teaches students how to use practical management abilities in the actual world. As time passed, there were more and more employment responsibilities that were particular to management domains, which resulted in the formation of new specialties in PGDM.
The PGDM curriculum includes an organized and condensed Business Administration element. The program covers a variety of management topics essential to professionals. The curriculum teaches the principles of General Management, Finance, Human Resources, Operations, and Marketing Management.
This program is intended to improve participants' managing talents, resulting in continual value creation at their job.
It emphasizes the use of current leadership business knowledge and viewpoints in an interdisciplinary setting. The utilization of real-life case studies assists participants in developing the skills required to manage real-life circumstances.
The program's objective is to prepare participants to assist their companies better as they try to take advantage of both the international and national market opportunities.
The program is intended to give an overarching framework for the nature of the marketing function while stressing methods and procedures that will aid in improving the existing effectiveness of the marketing activities in India.
The curriculum has been designed to assist people who are already working in sales and marketing and those who desire to pursue careers in sales and marketing.
Program Eligibility
Bachelor's degree in any field from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU).
Program Structure
The PGCM is taught over two semesters, in which the student will gain knowledge in all essential areas of management.
PGDM Skills Required
Companies are constantly in the search for qualified financial experts. There is now a severe lack of such people to satisfy industry expectations. Currently, the Indian financial industries are thriving, creating new and interesting employment chances for candidates.
Among the most useful and significant financial talents are mentioned here to help you acquire a high-paying career in the finance business.
- Analytical Thinking: Financial experts must immediately design intelligent solutions for the benefit of the organization. Analytical thinking aids in understanding and deriving meaningful answers from a scenario or challenge.
- Accounting abilities are essential for completing the economic statement, financial reporting, financial modeling, and data management.
- Business Intelligence: Finance experts assist stakeholders in making sound business choices.
- Understanding ERP software such as SAP or Oracle, as well as business analytics tools such as Tableau, aids in forecasting future inventories, sales, and related data.
- Communication: Communication skills are essential in the banking industry. Technical details must be communicated to a non-technical public using good communication abilities.
- Business Acumen: Business acumen refers to one's capacity to comprehend a business challenge and design new solutions to it. To increase a company's financial performance, the finance industry requires great business experience and commercial knowledge.
Curriculum
This program structure applies to students enrolled in the current session.
- Basics of Accounting
- Basics of Communication
- Basics of Management
- Principle of Economics
- Management Accounting
- Marketing Management
- Business Statistics
- Managerial Communication
- Financial Management
- Business Environment
- Organizational Behavior
- Operations and Supply Chain Management
- Introduction to Information Systems
Career after PGDM
The PGDM program is not for the faint of heart. It is a management diploma. The specialty selected by students when pursuing a PGDM determines their employment opportunities.
At the end of the course, most popular B-schools and IIMs have placement events. Students can readily obtain positions in various government and private sector firms specializing in finance, marketing, operations management, human resources, and information technology research.
- Get an opportunity to work in the private industry: The PGDM is a growth-oriented education that leads to attractive opportunities in the private sector. Candidates can accomplish their ambitions by working as a company manager, management trainee, financial executive, sales assistant, HR executive, or client relationship manager.
- Get an opportunity to work in the public sector: The PGDM program is meant to give in-depth knowledge in a wide variety of disciplines before deciding on one area of expertise to study further. Candidates who are studying can keep track of job vacancies in the government sector and apply in good time to be considered.
- Get an opportunity to join Research Companies: PGDM students are qualified to work as Business Analysts, or Research Associates in several research sectors since the course teaches the abilities necessary for research organizations, such as calculation and numbers.
- Get a chance to work as an Adviser or Business Consultant: The PGDM program gives students the option of working as financial advisors or business professionals in IT organizations. The description makes it simple for candidates to select between working as a full-time advisor and visiting externally as an affiliated consultant.
- Get a chance to work as a teacher: The PGDM program allows you to begin a career as a mentor. Candidates may opt to teach at business schools or coaching centers that help prepare for management entrance tests.
- Get a chance, to begin with, Entrepreneurship: Entrepreneurship necessitates managerial, leadership, problem-solving, and solid communication abilities. Thus, a PGDM might be the first correct step on the right route.
Colleges With PGDM Courses Abroad
Colleges providing one-year post-graduate diploma in marketing courses are -
- University of Pennsylvania Wharton
- Harvard Business School
- Stanford Graduate School of Business
- MIT Sloan
- Columbia Business School
- London Business School
- Cambridge Judge Business School
- Said Business School
- Warwick Business School
- Alliance Manchester Business School
- Melbourne Business School
- La Trobe Business School
- Monash Business School
- Algonquin College
- Centennial College of Applied Arts and Technology
- Confederation College of Applied Arts and technology
- Durham College
- George Brown college
- Humber College
- Seneca College
- Sheridan College
Colleges With PGDM Courses in India
Colleges providing one-year post-graduate diploma in marketing courses are -
- IIM Ahmedabad
- IIM Calcutta
- IIM Bangalore
- SP Jain
- XLRI
- IIM Lucknow
- MDI
- NMIMS
- IMI New Delhi
- TAPMI Manipal
PGDM Job Opportunities
After completing a PGDM program, one can find a variety of job options in both the public and private sectors, earning between INR 5 and 10 LPA.
Pupils can work at scientific and learning institutes as professors and teachers of Management, Accounting, Business, and Soft skills, where they will be responsible for passing on their knowledge and experience to younger students.
PGDM positions are among the highest paying in India. In India, the average pay for a PGDM course is between INR 5 and 20 LPA. PGDM positions are accessible in a variety of industries, including finance, sales, marketing, human resources, and others.
The many employment options available to individuals through the PGDM course include Project Manager, Project Leader, HR Manager, and Operations Consultant, depending on the type of PGDM Specialization pursued.
Bank, Advertising Companies, Consumer Research Organizations, Training Institutes, Consulting firms, Law Firms, Entertainment Portals, Hotels and Resorts, and other top Recruiting Areas
McKinsey & Company, The Boston Consulting Group, Bain & Company, Deloitte Consulting, Booz Allen Hamilton, PricewaterhouseCoopers Advisory Services LLC, EY LLP Consulting Practice, Accenture, and others are among the top firms.
PGDM Jobs in Banks
Bank PGDM personnel are in charge of keeping a pleasant relationship between a firm and its customers. PGDM Bank Jobs include positions such as bank sales officer, working professional, and executive manager.
Bank sales representative
Their goal is to meet the sales target that has been allocated to them. They adhere to the bank's norms and procedures in this regard. Responding to client questions is another one of their responsibilities. Their average annual compensation is Rs 3,000,000.
Probationary Officer
They mostly manage consumer transactions. Aside from that, they are in charge of various banking activities such as investing, marketing, and so on. Their annual compensation is Rs 4,00,000 on average.
CNC Programmer
They oversee CNC equipment from installation through the operation. Monitoring the machines is also part of their job. Their average income is Rs 1,92,000 per month.
Executive Director
They provide positive feedback to the employee and report their efforts to higher-ups. As a result, they are empowered with leadership qualities and the ability to create change. Their annual compensation is Rs 5,00,000 on average.
Manager of Operations
They ensure that the bank maintains a high level of accuracy at the moment of transaction. They also oversee procedures such as cash on hand balance, bank facility upkeep, and so on. Their annual compensation is Rs 8,00,000 on average.
PGDM Jobs in Educational Institute
The education business is flourishing, particularly in India, where the focus is on delivering quality education from basic school through higher education.
Education management professionals can find work in both government and private businesses such as schools, colleges, IT solutions firms, education portals, coaching centers, non-profit organizations, and so on.
Education Policy Developer
Their goal is to influence education by examining its system, method, and structure. They assess how an education policy affects a country's young. Their annual compensation is Rs 44,34,000 on average.
Marketing Officer At A College
They must produce scripts for video streaming, advertising, and unique initiatives. They also attend marketing and communication training and classes supervised by the vice president. Their annual compensation is Rs 48,31,000 on average.
Counselor for students
From elementary school to college, they help students find the correct professional path. They must listen to and resolve the student's difficulties that are impeding their academic progress. Their average annual compensation is Rs 3,000,000.
Curriculum Designer
Their responsibility is to concentrate on the pupil's learning process. They are also in charge of the instructional style that the teachers use throughout the year. Their annual compensation is Rs 5,66,000 on average.
Admissions officer
They advise students on the application procedure and handle students' data. Their annual compensation is Rs 2,08,500 on average.
The need for consultants is increasing daily. They primarily assist businesses in identifying challenges, developing optimal solutions, and obtaining the greatest resources available. We have outlined some of the jobs and possibilities accessible to applicants with a focus on non-profit organizations below.
Consultant for Business Transformation
They assist the customer in integrating strategy, process, and technology to increase effectiveness. They must cut costs while increasing profit and shareholder value. Their annual pay is Rs 15,12,000 on average.
Analyst, Senior Finance
By analyzing financial data, they forecast financial reporting. They maintain a good financial analysis foundation by preparing frequent leadership assessments and leading the cost analysis techniques by implementing policies and procedures. Their annual compensation is Rs 6,04,000 on average.
Officer of Product Quantity
They must comprehend the customer's requirements and expectations. They verify that the items are developed with legal, safety, and quality requirements by overseeing the other personnel. Their annual compensation is Rs 3,65,000 on average.
PGDM Jobs in Export Companies
PGDM work in this industry is typically found in the marketing, documentation, shipping, and packing departments of multinational corporations (MNCs) and other global trading houses.
Commercial Director
Their responsibility is to manage expenditures and provide financial returns that aid in corporate growth. Their annual income is around Rs 15, 20,000.
Manager of Procurement
They provide services by the company's procurement plan and assure the cost-effective acquisition and quality assurance of all materials by the company's policies and procedures. Their annual compensation is Rs 12,63,000 on average.
Specialist in Fema
In times of need, they partner with other institutes to provide refuge and supplies. They also must assure the efficiency of ground-level personnel. Their annual pay is Rs 55,35,000 on average.
Jobs for PGDM Freshers
There is a high need for PGDM fresher individuals because every firm requires financial and business intelligence as well as stability to expand and sustain successful records.
- Business Consultant earning an average of Rs 4,36,000 per year
- Marketing Manager earning Rs 4,20,000 on average
- HR Manager with a salary of Rs 3,82,000 on average
- PR Officer earning an average of Rs 2,47,000
- Finance Manager with a salary of Rs 5,11,000 on average
- Strategic Manager earning Rs 7,60,000 on average
- Brand Managers earn an average of Rs 9,15,000 a year.
- International Sales Manager with a salary of Rs 4,64,000 on average
Job Positions
Jobs After PGDM
Jobs in PGDM are highly influenced by the specialty chosen by the student when studying PGDM. Each specialty provides a universe that is distinct from the others. It is critical that the student carefully selects a specialty.
Finance PGDM Jobs
If you have the necessary abilities and expertise, a career in finance may be extremely rewarding. We have outlined some of the most typical MBA job descriptions for those with a PGDM in Finance below.
Manager of a Bank
A bank manager's job is to promote the bank's branch. They are also in charge of customer service and attempt to handle any consumer problems or complaints. Their annual compensation is Rs 8,00,000 on average.
Investment Bankers
Investment bankers aid in capital raising for their clients. They provide clients with various financial advice and also handle IPOs and venture capital placements. Their annual compensation is Rs 10,00,000 on average.
Manager of Finance
They help with strategic planning to create long-term corporate plans. Their annual compensation is Rs 9,93,000 on average.
Portfolio Supervisor
Their responsibility is to create a portfolio with the highest possible return. Their annual compensation is Rs 10,85,000 on average.
Financial Consultant
Financial advisers offer financial advice to individuals. They can assist the bank in meeting its financial objectives by demonstrating how to generate greater money. Their annual compensation is Rs 3,78,000 on average.
PGDM Marketing Jobs
Business Development, Marketing and Product Management, Consumer Research, and other PGDM Marketing Jobs are available.
Some of the most typical PGDM Job profiles for PGDM in Sales and Marketing students are given here. People also choose solely PGDM Marketing, which offers fantastic employment prospects.
Territory Sales Supervisor
Territory Sales Managers are responsible for increasing revenue by creating and fulfilling sales objectives. They also maintain customer relationships with businesses. Their annual compensation is Rs 5,83,000 on average.
Marketing Manager
They assist businesses in creating fresh campaigns, commercials, and marketing plans, as well as providing marketing managers with innovative ideas. Their annual compensation is Rs 2,40,000 on average.
Area Marketing Manager
They are in charge of the regional marketing and communication strategy for the company. They develop marketing strategies based on that sector. Their annual compensation is Rs 20,51,000 on average.
Manager's Assistant
Assistant marketing managers collaborate with brand managers to create marketing strategies and budgets. They also help the company's commerce and promotion. Their annual compensation is Rs 6,00,000 on average.
Coordinator of Sales
The Sales Coordinator's responsibility is to ensure that sales-related materials are adequate. They also listen to the issues of their consumers and strive to offer solutions. Their average annual compensation is Rs 2.52 lakh.
PGDM Operation Management Jobs
Professionals and students who wish to acquire the many competencies connected to the smooth and effective running of the operations department pursue the PGDM in Operations Management.
Individuals must give quality services in the shortest amount of time and at the lowest possible cost.
Manager of Operations
The Operations Manager is in charge of the department's operations. They can specialize in one or several areas of business. Their annual pay is Rs 7,65,000 on average.
Plant Supervisor
Plant managers create profit plans for their plants. They manage the facility's financial processes and ensure that product quality is maintained while staying on schedule and under budget. Their annual compensation is Rs 13,15,000 on average.
Program Manager for Supply Chain
Supply chain managers are in charge of the overall logistics and supply chain strategy for the organization. They also have great ties with wholesalers. Their annual pay is Rs 15,80,000 on average.
Manager of General Operations
This position's responsibilities include allocating budget resources, monitoring and motivating all employees, improving the administration process, and managing operational costs, among other things. Their annual compensation is Rs 17,04,000 on average.
Manager of Area Operations
Area Operations Managers keep an eye on both individual and team performance. They work to ensure the health and safety of the organization. Their annual compensation is Rs 10,00,000 on average.
Government Jobs for PGDM Freshers
Jobs for PGDM graduates include HR Assistant, Business Manager, and Financial Analyst. A PGDM fresher's pay varies from INR 2,50,000 to INR 8,50,000 and improves with job experience and abilities. While some organizations favor PGDM freshers, most prefer a PGDM student with a minimum of one year or two of experience as well as the necessary abilities.
Administrative Support
Administrative assistants conduct a variety of office responsibilities for the organization, such as presentation, meeting setup, report generation, and so on. Their annual compensation is Rs 2,99,000 on average.
Technical Helper
They plan and schedule the company's trips and meetings. They must execute basic jobs such as sending emails, printing papers, assisting with equipment, and so on. Their annual compensation is Rs 2,60,000 on average.
Manager of Business
The business manager's responsibility is to oversee the company's operations and staff. They work to assure the productivity and efficiency of the organization in the business environment. Their annual compensation is Rs 8,64,000 on average.
Senior Residents
It is the senior resident's responsibility to address all legal duties. They assist in patient care. Their annual compensation is Rs 9,00,000 on average.
Consultants
Consultants work on long-term or short-term projects, including a wide range of difficulties. They conduct surveys and gather data to better understand the needs of their employees. Their annual pay is Rs 6,45,000 on average.
An efficient way to learn management essentials and obtain an advantage in the job market is to enroll in a one-year post-graduation management school.
This course is designed for students who are looking for a career in management but have little or no experience. The curriculum is designed to endow students with skills and knowledge that will help them excel in their careers.
This course is not only about theory but also about practice and hands-on experience. Students are given opportunities to work on real-life projects, which will help them understand the concepts better.
