The competition in the work sector is increasing every day: and with the increase in that, many students prefer going for courses that are not of a longer duration. With this, there has been a considerable rise in the trends of diplomas and Post Graduation Diplomas. 

While a degree will take its own sweet time, diplomas offer a similar syllabus in comparatively less time. Almost every stream has a PG Diploma course for a student to pursue, but most students choose a PG Diploma in management. Nowadays, many students are opting for a PGDM over MBA as it gives an equal opportunity in less time. 

Before we go on to learn how to choose the right specialization in PGDM, let’s learn all about PGDM.

What Is PGDM?

A PGDM (Post Graduate Diploma in Management) course is a 2-year management course that teaches you everything about management and develops the necessary skills to work in the management sector. Many colleges offer a PGDM course but cannot award a degree because they are not governed by the University Grants Commission (UGC). However, colleges that are governed by the All India Council for Technical Education (AICTE) can award a diploma to the students. 

Is PGDM Equal To An MBA?

Surely! Many people have the myth that PGDM cannot offer them an education equivalent to that of an MBA. However, this is not the case. A PGDM is as good as an MBA. In fact, it is now far more valuable than an MBA degree as corporates are preferring a PGDM student over MBA.

Why Go For PGDM?

Here’s why you should select PGDM over MBA:

  • Develops Necessary Management Skills

A PGDM course focuses on developing hard and soft skills as required by the management sector. The course gives the student hands-on experience of the corporate world and brushes up their communication and interpersonal skills. This helps you maintain the functions of the organization and have a quick problem-solving approach toward any hindrance in the growth of the organization.

  • Best For Entrepreneurship

PGDM develops skills and provides you with the knowledge that equips a student aspiring to become an entrepreneur. The course gives you an opportunity to pitch in your project. What’s better than preparing your entrepreneurial project under the guidance of the best faculty and getting necessary advice. 

  • Easy Finance

A PGDM course costs less than an MBA. A student can easily get a loan or EMI for the course and get a valuable degree from colleges governed by the AICTE.

  • Walks Shoulder To Shoulder With The Industry

A PGDM course teaches the latest syllabus according to the changes in the business industry. It also gives you hands-on experience to understand what exactly is done in the management sector and how situations must be handled. 

  • Connect With More Professionals

 A PGDM course welcomes working professionals, too, to pursue the course. This helps students increase their network by connecting with working professionals from different fields and regions. 

  • Great Placement Opportunities

Nowadays, most of the organizations are preferring PGDM students over MBA ones. B schools with good placements can help PGDM students get the job they desire. In fact, many B schools have tie ups with companies like Amazon, Google, Accenture, EY, and more. If you want a good placement, you are sure to get one on completing the PGDM course.

How To Choose The Right Specialization In PGDM?

Once you decide to opt for PGDM, the next step is to choose the right program to specialize in. There are many factors that need to be considered while choosing the right specialization and B school to boost your career in management. Here are some factors you should consider:

  • The B school should suit your career needs
  • Select the B school that gives you maximum ROI (Return On Investment) from the course
  • Go for a reputed B school that offers good placements
  • Make sure the B school is governed by the AICTE (All India Council for Technical Education)
  • Ensure that the B school provides the best faculty

Another important factor while choosing the right specialization in PGDM is choosing the right subject. Here are some popular specialization subjects you can choose from:

  1. PGDM In Human Resources

This specialization course is for the ones who are interested in managing all resources of an organization and maintaining its structure. The biggest responsibility of an HR personnel is to help organizations get the most out of their employees. There are many departments in human resources, like talent acquisition, compensation and reward management, employee assistance, labor law and industrial relations, and more.  

An HR’s responsibilities also include managing the administration of the organization’s policies, programs, policies, and the development and implementation of the policies.

  1. PGDM In Digital Marketing 

Digital marketing has rapidly grown in the world of business. This is because the world has shifted online and a lot of planning and strategizing are happening digitally. Pursuing a PGDM in digital marketing offers you ample opportunities to grow in the business world.

If you have a keen interest in learning about content creation and marketing, digital channels, social media marketing, search engine and social media optimization, digital marketing analytics, and more, you can opt for this course. 

  1. PGDM In Finance

Finance is a very important part of an organization, and they need someone who can handle the financial management part. This field is highly paying and offers you a pivotal role in the organization. If you have a stronghold on numbers and like assessing financial resources, and more, this course is for you.

  1. PGDM In Marketing

Marketing focuses on analyzing the current customer demands and developing business goals based on them. This is another specialization course that offers you excellent job opportunities and a high salary. This specialization is apt for the ones who are outgoing, enthusiastic and like to solve challenges innovatively. The specialization teaches you about B2C, B2B, channel management, market research, marketing analysis, and more. 

  1. PGDM In Business Analytics

If you are interested in analytics and research, this specialization is an excellent choice. It comprises subjects like machine learning and data visualization models, artificial intelligence, data analytics, big data, and more. Professionals belonging to this field are in high demand because business analysis has emerged as an important part of a business.

If you are interested in pursuing PGDM, you can opt for PGDM colleges in Maharashtra. You can find a lot of reputed PGDM colleges in Mumbai and select the suitable one for them. However, ensure that these business schools in Mumbai are governed by the AICTE. If you want to go for a degree, you can go for MBA colleges in Mumbai.  

Conclusion

The business world is dynamic and so is the education industry now. With the growth of the world of business, the education sector is also offering a lot of new courses to create professionals to handle new areas. 

One of the rising trends is Post Graduate Diploma in Management (PGDM). It is a course offered by many B schools now and is considered equal to an MBA. It has a lot of benefits like network expansion, good salary packages, more job opportunities, and more. 

Once you decide to pursue a PGDM course, the next step is to choose the right specialization. Some of these are digital marketing, business analytics, finance, marketing, and human resources. 

If you want to pursue a PGDM course, you can find many in Mumbai. There are many reputed B schools in the city that can offer you the best faculty, platform, and placements. Choose the one that suits you the best and get your dream job.