Post Graduate Diploma in Management (PGDM) is a two-year professional programme that aims to train students for positions in enterprise across business functions. The curriculum provides students with excellent intellectual skills necessary for integrated company management. Almost every management institute, from the top to the regional, provides a postgraduate diploma in management. Students can enrol in this management course full-time or part-time. To enrol in a PGDM programme, students must first pass national or state-level entrance tests such as the CAT, MAT, XAT, and others. The aspirants can select their PGDM specialisation as per their interests and abilities. Financial Management, Marketing, and Human Resources are just a few of the PGDM specialisations available.
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All About PGDM Programme
PGDM Important Facts
Objective: The programme’s goal is to develop students into effective professional managers. The professional learning will develop valuable skills and enable them to adapt to national and international surroundings. Also, they will learn commitment towards attaining success, and maintaining high standards of ethics. They will also develop ability to operate successfully and efficiently, both separately and in-groups.
Scope: PGDM is considered the best alternative course for MBA. Candidates with a PGDM degree can find employment all over the world. The graduates of this course can find work in education, finance, insurance and banking sectors. They can work as HR Manager, HR Recruiter, Public Relations Manager, Research Analyst and Data Scientist.
Learnings: This management course will enable students to grasp the importance of the business environment and increase social awareness. It will also improve their critical thinking abilities and develop integrative thinking skills. The PGDM course is designed by experts to refine the communication skills of the candidates.
Fees: Admission to PGDM degree programmes is available at a number of private universities. Each college has its own fee schedule, which is decided by the courses and resources available. The fees of private institutes are higher in comparison to government colleges and can be completed at a price ranging from INR 10 to INR 25 lakhs.
PGDM Eligibility Criteria
The desirous students must meet the following eligibility criteria to ensure their admission to the PGDM course.
- The applicants must have completed their bachelor’s programme with aggregate 50 per cent marks in any discipline from a recognised university.
- The candidate's bachelor's degree or comparable qualification must have been achieved after finishing higher secondary schooling under the 10+2 system or equivalent.
- Candidates in their last year of a bachelor's degree or equivalent are also eligible to apply.
PGDM Syllabus
The PGDM curriculum is based on industry norms and can be broken into four semesters, allowing students to be employment and secure placements. The PGDM course covers areas such as finance, accounting, economics, insurance, business law, and management. And, because the PGDM job scope is so vast, there are employment chances both in India and overseas.
The PGDM programme includes both core and elective studies. The PGDM syllabus varies widely depending on the university/college. It is divided into two parts: a mandatory set of courses covering all foundation topics in management and an elective collection of courses aimed at developing job-specific skills and knowledge. The following is the semester-by-semester PGDM syllabus:
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Semester-1
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Subject
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Details
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Organisational Behaviour
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Organisational behaviour is the academic study of how individuals behave within groups, and its concepts are mostly used to improve corporate operations.
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Human Resource Management
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This subject develops strong conceptual understanding about the behavior of staff in organisations. It also develop students' abilities to understand individual and group behavior within organisations.
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Managerial Economics
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Managerial economics, sometimes known as business economics, is a discipline of economics that applies microeconomic analysis to business
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Computer Applications
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Understanding the importance and uses of computer and its programmes.
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Business Decisions
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A business decision, also known as an operational decision, is any choice made by a business professional that determines the short-term or long-term operations of the organisation.
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Semester-2
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Subject
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Details
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Marketing Management
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Marketing management is an organisational discipline that focuses on the practical application of marketing orientation, strategies, and procedures within businesses and organisations, as well as on the administration of a company's marketing resources and operations.
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Cost and Management Accounting
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Cost accounting is concerned with the computation and assessment of costs and expenses incurred in the acquisition or production of anything.
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Economics
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Managerial economics is a discipline of economics that deals with the use of economic methods in organisational decision-making.
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Financial Management
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Develop students' analytical and critical thinking skills in financial decision making, and use spreadsheets for financial modelling.
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Professional Skills
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Semester-3
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Subject
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Details
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Information Systems
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An information system is an integrated set of components used to collect, store, and analyse data as well as to provide information, knowledge, and digital products.
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International Business
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International business necessitates greater expertise than domestic business. It may entail travelling to another nation and, in some situations, residing there for an extended period of time.
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Marketing Management
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The goal of this course is to help students improve their analytical skills, intellectual abilities, and practical knowledge in brand management.
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Insurance Management
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An insurance broker or services firm is referred to as an insurance management firm. This type of firm usually offers a variety of insurance products.
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Operations Management
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Operations management (OM) is the administration of business procedures inside an organisation to achieve the best level of efficiency achievable.
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Semester-4
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Subject
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Details
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Business Law
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It refers to a body of rules relating to bankruptcy and insolvency in businesses.
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Management Information System
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Research
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Strategic Management
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The continual process of establishing an organisation's high-level goals, generating action plans, and implementing them.
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Business Environment
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This course seeks to provide students with the essential tools of analysis and decision making at the micro level and investigates how these might be used productively in the context of managerial decision making.
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The elective subjects in PGDM courses are:
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Elective Subjects in PGDM
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Subject
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Details
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Communicating Critical Decisions
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Students are taught the skills to take critical decisions in challenging situations.
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Innovation Management
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Management of innovation processes and change management are combined in innovation management.
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Entrepreneurship
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Supply Chain Analytics
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Supply chain analytics can assist businesses in real-time adaptation to fluctuating customer demand caused by disruptions.
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Quality Management
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To gain an understanding of the challenges that can be tackled statistically,
To familiarise students with diverse statistical analysis tools and techniques, to build a grasp of these tools and approaches, and to make.
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Project Planning
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Project planning assures successful project and on-time delivery, which is critical in any technical business.
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Internet Marketing
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Internet marketing is a broad phrase that encompasses digital marketing as well. Internet marketing includes online operations like email marketing and social media marketing.
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Marketing Research
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Marketing research is the systematic collection, recording, and evaluation of quantitative and qualitative information about marketing products and services concerns.
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Sales and Distribution Management
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It is the process of making decisions on the organisation's aims.
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PGDM Specialisations
Candidates seeking a job in management can select from a variety of subjects available through the PGDM degree. Students can opt for any subject depending on their area of interest. Each college offers a different set of specialisations which enable them to gain in-depth knowledge about that particular field. They can choose any of the below-mentioned specialisation based on their personal interests.
- PGDM in Banking and Financial Services
- PGDM in Human Resource Management
- PGDM in Marketing
- PGDM in IT
- PGDM in Business Analytics
- PGDM in Operation Management
PGDM Books and Authors
The below list includes the name of the books and their authors:
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Book
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Author
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Details
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Marketing Management
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Philip Kotler
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This book talks about the errors in business models as a result of ongoing globalisation, the growing role of corporate social responsibility and technology advances.
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The One Minute Manager
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Kenneth Balnchard
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This book is suitable for managers who want to enhance their managerial skills and perform necessary office chores. It discusses ways that can help readers enhance their work productivity and job satisfaction.
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Esential Managers Management
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D K
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A complete guide full of great recommendations for increasing productivity, performance, and passion in the workplace. A diverse range of talents is required to achieve excellence as a manager.
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Business Organisation &Management
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Abha Mathur
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The book provides basic clarification on the topics relating to Management Evolution and its Impact on Future Managers. Also, how businesses adapt to uncertain environments and decision Making Methods.
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Financial Accounting
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Bhushan Kumar Goyal
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It train students on topics relating to capital and revenue expenditures, post-balance sheet events, accounting policies and estimate.
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PGDM Entrance Exams
A number of universities and institutions conduct entrance exams for PGDM admittance. The exam covers financial planning, computer applications for business, and professional skills programme for assisting students in understanding the course. The following are the PGDM admission exams:
CAT: Common Admission Test (CAT) is a national-level management aptitude test that is organised to provide admission to the MBA graduates. This test allow admission to students in programmes offered by 20 IIMs and more than 1,200 B-schools in India. The CAT exam includes multiple-choice questions.
MAT: For admission to MBA/PGDM programmes, the All India Management Association (AIMA) administers the Management Aptitude Test, also known as the MAT. Multiple times a year, the exam is given in four phases: February, May, September, and December. Candidates who meet the requirements may be admitted to more than 800 business schools that accept the MAT.
GMAT: The Graduate Management Admission Test (GMAT) is conducted by The Graduate Management Admission Council (GMAC) all the year round. GMAC is an international non-profit organization of business schools that also serves as a primary resource of research and information about quality graduate management education.
CMAT: The National Testing Agency (NTA) administers the three-hour Common Management Admission Test (CMAT) for students applying to MBA and postgraduate management programmes. In India, the CMAT is one of the most well-liked MBA entry tests. Every year, 70,000 or more candidates apply. Around 1300 B-schools in India recognise CMAT scores.
NMAT: NMAT, also known as NMAT by GMAC, is a national-level entrance exam for MBA admissions at NMIMS University and other prestigious B-Schools in India and worldwide. NMAT was administered by Narsee Monjee Institute of Management Studies until it was taken over by GMAC. The NMAT is created with the convenience of the test-takers in mind.
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Top Exams for PGDM
PGDM Distance Programme
Several business institutions provide Distance PGDM courses based on exam scores such as CAT, MAT, and XAT. Many institutes provide entrance exams as part of the PGDM remote learning admissions process. This is best suited for working professionals who can continue their studies along with their employment. The students need to possess bachelor’s degree in any field with aggregate 50 per cent marks, besides qualifying the admission test to seek admission. The interested students can pursue distance learning programme from:
- IIM, Calcutta
- IIM, Lucknow
- IGNOU
- NMIMS
- IPS Academy
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FAQs Related to PGDM
Q. Why are the benefits of pursuing PGDM?
A. The PGDM programme is quite challenging for students who desire to pursue professions in management. Management, administration, managing directors, and specialised leaders are required by the companies and can be filled by PGDM graduates. The education prepares them for a wide range of jobs by the time they complete the course.
Q. What is the future of PGDM graduates?
A. A PGDM degree can lead to a successful management career. However, seeking a career in organisations is not the only choice. PGDM graduates can work in educational institutions and join various fields relating to banking, finance and insurance.
Q. What are the main subjects taught in PGDM syllabus?
A. The main subjects included in PGDM syllabus include Financial Planning, Organisational Behaviour, HR Management, Corporate Ethics, Macroeconomics, Managerial Communication and Service Operations Management.
Q. What is the duration of PGDM course?
A. PGDM course is a postgraduate level programme that can be completed in two-years. It equips students with valuable managerial qualities and make them ready for the industry. Almost every company needs management graduates for smooth functioning of their day-to-day operations.
Q. What are the different specialisations in PGDM courses?
A. Desirous students can select subjects as per their area of interest and gain specialisation in Banking and Financial Services, Human Resource Management, Marketing, IT, Business Analytics and Operation Management.
Q. What are the entrance exams for admission to PGDM courses?
A. Exams that are accepted for PGDM course admission are CAT, MAT, XAT and also CMAT. CAT is most popular one that is accepted for admission to top colleges in India for mangement.
Q. What is the fee structure of PGDM courses?
A. Students can complete PGDM course in a fee ranging from INR 2 lakhs to INR 23 lakhs. Candidates can pursue the programme at a reasonable cost from government colleges, however, the fees of private colleges is higher and go upto INR 23 lakhs.
Q. What are the job profiles after completing PGDM?
A. The pass-outs of this course can work as:
- Marketing Manager
- Advertising Manager
- Supply Chain Manager
- Sales Manager
- HR Manager
- Investment Banker
- Account Manager
Q. What are the popular colleges offering PGDM?
A. Some of the colleges offering PGDM programmes are:
- IIM, Calcutta
- IIM, Indore
- IIM, Bangalore
- IIM, Lucknow
- XLRI
- MDI, Gurgaon
- IMI, Delhi
Q. Can PGDM be pursued in distance learning mode?
A. Yes, PGDM can be pursued in a distance mode from IGNOU, NMIMS, IIM and IPS Academy. This will assist the working professionals to enhance their skills without skipping their jobs.
Q. What are the pay scale range after PGDM?
A. After completing this course, students can enter various industries. They can earn from INR 2 to INR 40 lakhs depending upon the job role and experience.
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