PGDM or Post Graduate Diploma in Management is considered a popular course in India. PGDM is recognized in India as similar to an MBA degree offered by many management institutes in India. The two-year postgraduate course can be pursued either for full time or for part time. In India, the autonomous business schools can offer only the PGDM or PGPM course, whereas a post-graduate degree can be awarded by any university-affiliated colleges, in a two-year full-time program. Though the curriculum of the PGDM and MBA degrees are almost equivalent, the only difference is that the MBA degree is exam oriented and concentrates more on theoretical aspects of management and the PGDM or PGPM is industry-oriented and focuses mainly on developing soft skills.
PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree; though that is quite right to an extent. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (which is not affiliated with any University) and conducts management courses then such Institutes cannot offer MBA degree.
Why is autonomy good?
Since the colleges offering PGDM courses have autonomy, the curriculum can be updated regularly depending on the need in the Industry. Hence one can say that PGDM courses are more Industry relevant and up to date as compared to MBA courses. However University MBA Programmes too are of value, it all boils down to what you want to specialize in and which college is best suited for the course, you want to pursue.
What you need to get into a top B-school
Getting into a top rated business school definitely, requires a lot of preparation. The first thing is to prepare for the entrance exam. Different B-schools/ Universities in India give admissions, based on the most commonly accepted entrance tests such as CAT, CMAT, and MHCET. It is very crucial to find out the accepted entrance exam score, and depending on your choice of schools, you may have to appear for more than one entrance exam. Aside from the entrance test scores, the other things, which forms a big part of the Business School admission, are group discussions, personal interview, psychometric tests and some presentations. Staying up-to-date on the financial markets, politics, economics and other current affairs, will keep you confident in group discussions and personal interviews. Also, being well-spoken and well-dressed for the GD and PI is very vital, in order to make a good impression.
Types of PGDM courses
The type of curriculum and specialization will totally vary from college to college. A wide range of courses available is Marketing, Finance, Human Resource, Digital Business Management, Telecom Management, Hospital Management, Corporate & Business Law, Travel & Tourism Management, BFSI, Insurance, Mass Media, and Pharmaceutical Business Management etc.
- The candidates must have 50% marks or equivalent CGPA in both X and XII.
- The candidate must have minimum 3 year’s Bachelor’s Degree, with at least 50% marks or equivalent CGPA in any discipline from any University incorporated by an Act of the Central or State legislature in India or other educational institutions established by an Act of Parliament or declared to be deemed as a University under Section 3 of UGC Act, 1956, or possess an equivalent qualification recognized by the Ministry of HRD, Government of India.
- The Bachelor’s Degree or equivalent qualification obtained by the candidate must entail a minimum of three years of education after completing higher secondary schooling (10+2) or equivalent.
- Candidates appearing for the final examination for the Bachelor’s degree (or equivalent examination) and completing all requirements for obtaining the Bachelor’s degree by 30th June 2017 can also apply, subject to furnishing evidence to that effect latest by 1st October 2017.
- Admission to the PGDM program requires a Bachelor's degree (in keeping with the 10 + 2 + 3 system) or an equivalent qualification in any discipline recognized by the Association of Indian Universities (AIU). Candidates appearing for final examinations towards a Bachelor's degree (or equivalent) are also eligible to apply.
- Foreign/NRI/PIO applicants can be considered for admission on the basis of their valid GMAT scores (taken not before Sunday, 1st January 2016 and not any later than Saturday, 31st December 2016).
- Applicants have to apply online by visiting MDI website https://www.mdi.ac.in. Online registration for Foreign/NRI/PIO Applicants will be open till 2nd January 2017, 17:00 hrs.
- Candidates have to register for MDI Programme at GMAT website at the time of taking GMAT Examination. Applicants shortlisted on the basis of their GMAT score will be interviewed by MDI.
- NRI Applicants who are residing in India during the period of admission process i.e. July-December, 2016 will have to appear for the CAT and will not be considered for admission on the basis of their valid GMAT scores.
- The government of India (GOI) rules will be followed related to admission of these categories of candidates. GOI guidelines will be applicable in determining the NRI status of applicants. Candidates have to make an online payment of Rs 7200/- or the US $120 using Credit/Debit card/Net Banking.
Here’s a brief comparison of cost for 1 year PGDM course in Indian Universities and Universities abroad.
|Category A University (India) Fee Per Annum in USD||Category A University (International) Fee Per Annum in USD|
|34,558 $||42,500 $|
|Category B University (India)||Category B University (International)|
|24,558 $||30,000 $|
|Category C University (India)||Category C University (International)|
|13,970 $||25,000 $|
The fees include tuition fees, room rent, and cost of course materials, computer charges and library fees etc. Along with these, there is a one-time deposit for medical insurance, development fees, student’s association fees, alumni activities and caution deposit.
*The fee structure may vary depending upon the institute chosen.
What’s in store for future?
People today are highly ambitious and it is not uncommon for many to pursue multiple careers and jobs in diverse industries. In today's competitive world, "knowledge is (definitely) power" and getting the right knowledge via a good PGDM course can only mean positive things for you and your career. Doing your MBA will help you capitalize on various career opportunities, along the way; graduating from one of the top business schools in India, definitely, means looking forward to a bright career.