5 reasons why PGDM or Management degree is necessary to get a job

By Dr Ravi Sharan Prasad

Education leads to opportunities. Getting higher education is an important part of success in today's business world. It's competitive out there, and the more educated you are, the better your chances of landing a good job. That's why getting a Post Graduate Diploma in Business Administration (PGDM) is important.

There are only a select few in the world who can drop out of school and go on to make a significant contribution to the world. For the rest of us, education is the key. Take a look at three real reasons why a PGDM degree is important to make it big in the business world:

1. It increase your career opportunities: Generally, the more education you have, the better your career opportunities and choices are. A PGDM graduate is an extremely valuable asset to an organization. Because of the competition in today's business world, you may actually find that you need a Management degree to even get the first job interview. In business schools, PGDM students learn different techniques and skills that can help the businesses grow. Some companies hire Management graduates and even sponsor current employees for a PGDM degree. You know that if a company is willing to pay for employees to get the degree, it's certainly an asset. Getting a Management degree will increase your chances of finding a great job with a stable company.

2. It increases your salary package: With a Management degree in hand, you can actually demand a higher salary. According to a 2007 Corporate Recruiters Survey, employers are willing to pay significantly more to job candidates having Management degree. The survey suggests that companies will pay up to 84 percent more. A lot of hard work goes into earning a PGDM degree and your salary certainly should reflect that.

3. It helps you in building your network: One of the really valuable parts of getting a PGDM degree is the networking opportunities. When you are studying management, you are with people from all walks of life, all trying to accomplish the same goal. These are the future leaders in the business world. You get a chance to connect with people who may one day lead corporations. These relationships hold a lot of value, not only as a professional, but also for your future endeavours. The relationships you forge in the MBA classroom will get you into groups and organizations that will certainly benefit you in future.

4. Knowledge gained in PGDM lasts for lifetime: Failure and success are two sides of the same coin. I think, one who balances success and failure and learns from both, is the real Management student. Those who have failed 100 times but succeeded on the 101^st attempt, know the value of success more than a Management graduate who has spent two years at a B-school. What I mean to say is that a degree is OK, but its real value lies in using its concepts in life too. Going back to school, for any reason, is always a good idea.

5. Management degree is a success tool: If a Management degree is not useful or necessary, then why all big and small companies in their job specification ask for MBA/PGDM with so many years of work experience? Why only PGDM/MBA degree holders are hired for certain positions and non-MBA have to work extra hard to reach there.

Yes there are people who have done well without having an MBA degree but how can one forget the achievements of people with MBA degrees like Ambani Brothers, Ms Indira Nooyi, Ms Vinita Bali, Ms Chanda Kochhar and many more.

About the Author:

Dr Ravi Sharan Prasad is a professor at IBI, Greater Noida.