Indian business scenario today is marked with disruptive elements that stop organizations from being complacent about their market positions. Most conservative manual jobs have been made redundant by the increasing use of virtual assistants, AI-powered bots, and automated technologies. Nevertheless, corporates require employees who can provide critical inputs for competitive differentiation and lead the organizations’ decision-making process – something that machines cannot do.
It is here that the dynamic capabilities of PGDM comes up as a credible solution to address the rapidly changing business environments. Hence, corporates that strive to redesign their core competencies frequently depend on the b-schools to provide them with the required skilled workforce to bring that change.
Like the world of business around, India has also witnessed a recovering phase in the aftermath of structural reforms such as GST, a pandemic fighting economy, a sudden surge in remote workforce, and workers’ mass displacement. And, PGDM students are rightly positioned to champion growth initiatives, prioritize workflows, and optimize allocated resources for producing exceptional results. Hence, organizations look up to technology and a skilled workforce to help them sail these testing times.
Value-propositions of PGDM in today’s Indian Market:
Some of the emerging trends in today’s Indian Market can be identified as the rise in the demand from startups and corporate partnership; positives in Indian Economy like Political stability, reforms, growing foreign investments, and rising stock markets; rise in domestic investments; unending corporate demand: relevance of PGDM graduates as high-quality workforce; and no demand drop-off of PGDM courses unlike other management courses, including MBA.
The Value-quotient of PGDM student derives its strength from:
Firstly, the specializations of PGDM program are woven around industry demands whereby corporate expectations make their way in the flexible curriculum model of PGDM. Secondly, the industry-centric PGDM program unbinds students’ management skills by continuous exposure to live projects, workshops, webinars, guest lectures, and internships. Thirdly, PGDM is an industry-aligned course that provides incredible insights into the actual working standards and protocols of the Indian corporate world. Fourthly, PGDM graduates excel on all parameters of managerial skills, emotional intelligence, balanced execution of core business tasks. Finally, PGDM stimulates the intellectual processing required to mitigate all market constraints and deliver results amidst the most critical circumstances.
In the light of the above discussion, it becomes quite clear why PGDM students are highly valued in the Indian Job Market today. Some of these points can be reiterated as (i) a PGDM student is employable with little reorientation as he or she already has a lot of industry exposure; (ii) PGDM students understand the pillars of business better; (iii) the immense practical industry exposure of a PGDM student eliminates any illusions about the corporate world; (iv) PGDM students are a perfect fit for entry into the business world as they understand corporate terminology, know the jargon, and ways of the business world; (v) PGDM students can optimize, control, and streamline management workflows in their organizations, and there is no skill gap that can adversely affect companies: and (vi) the kind of reliance that the PGDM students display also makes them fully armed to embark on the journey of entrepreneurial pursuits or venture out to take their family businesses to ultimate levels.
Thus it is that, corporates consider PGDM students as ‘strategic assets’ that are vital for their organization’s long-term success. It is therefore no surprise that organizations deploy PGDM students at various roles of leadership, strategy, execution, management, delivery, service, and innovation. Hence, it can be safely said that the value of PGDM in today’s market is quite huge.