Yes, PGDM is as valuable and as respected as an MBA Degree. It is hard to differentiate between both as they both are masters at their level. They both are the study of management, perfect for one who wants to pursue deeper Management Fields.
Let’s differentiate PGDM and MBA course:
While PGDM is a Diploma Course, MBA is a Degree Course. MBA and PGDM are both Management-orientated courses. Hence, after the completion of PGDM, candidates are offered a Diploma, while MBA Graduates are offered a Degree.
Most IIMs and other top B-Schools such as XLRI, Jamshedpur, and SP Jain Institute of Management and Research, Mumbai offer PGP or PGDM courses. They have their course irrespective of association with the Authorized University.
Most Experts say, PGDM is more inclined towards market requirements and skills, MBA has more to do with theoretical and technical aspects. Rather both MBA and PGDM courses have common core subjects.
Eligibility for PGDM
To be eligible for PGDM, a student must have a Bachelor’s Degree with at least 60% score or 6.5 CGPA. They also have to clear entrance examinations according to the University they are enrolling in. Students have to qualify for the national or state level entrance exams such as CAT, MAT, XAT, and others.
Admission depends upon the basis of management entrance exams conducted by the respective institute or group of institutes.
Candidates need to go through Interviews, Written Tests, and Group Discussions.
Some Exams are Common Admission Test (CAT), Aptitude Test (MBA), Xavier’s Aptitude Test (XAT), Symbiosis National Aptitude Test (SNAP), Maharashtra Common Entrance Test (MAH-CET), NMAT by GMAC, Common Management Aptitude Test (CMAT).
Glimpse of CAT(Common Admission Test)
CAT, a Common Admission Test, opens a door to 20 IIMs all over the nation and to several other Colleges.
Candidate must have a Bachelor’s Degree with a minimum of 50%, from a recognized University. Candidate Studying in their Final Year of Graduation are also eligible to appear for CAT.
Placement after PGDM:
Not each and every college provides direct placements to candidates in Big Companies but few reputed colleges and IIMs have significant tie-ups with Big Companies and hence provide campus placement with handsome packages to the most deserving candidates.
Initial Salary after a PGDM Course may vary from 7 lakhs to 15 lakhs Per Annum. While, skilled candidates, who have pursued from top IIMs can get better packages ranging up to 25 lakhs per annum.
Top PGDM Colleges in India:
- Symbiosis Institute of Business Management [SIBM], Pune. …
- Christ University (CU), Bangalore. …
- Indian Institute of Technology (IIT Madras), Chennai. …
- Indian Institute of Technology Bombay, Bombay. …
- International Management Institute (IMI), Delhi. …
- Xavier Institute of Management Bhubaneswar (XIMB), Bhubaneswar.