Many a time, college students and young professionals wonder whether attending a top business school will set them up for career success. It is in this context that it can be said that a PGDM qualification is a popular stepping stone to C-suite jobs at large corporations, and it is also an asset for budding entrepreneurs. It is a credential that appears on the resumes of numerous top executives across top corporate brands.
But while many prominent business executives hold a PGDM, the qualification isn’t a golden ticket to fame or fortune. To quote management experts, “excelling in business requires initiative, creativity and effort, regardless of someone’s academic pedigree.”
What “PGDM” Stands For
PGDM is the common abbreviation for a Post Graduate Diploma in Management qualification and recipients of this diploma typically stop attending school after receiving it.
Nevertheless, those who are interested in conducting business research may elect to pursue a doctorate in business or management. Such students can also earn a Ph.D. in the subject.
How Long It Takes to Get a PGDM
A full-time PGDM program typically lasts two years.
PGDM applications typically include standardized test scores and the admission process is based on the overall assessment of an applicant’s abilities and potential for a successful management career.
Many of the top Indian B-schools will accept GMAT/CAT/XAT/CMAT scores. As far as the eligibility is concerned, all the aspiring applicants need to be a graduate from a recognized university.
PGDM programs generally offer a range of specializations that allow students to acquire expertise in a specific aspect of business, such as finance or technology. At the AICTE approved B-school, Asian Business School (ABS), Noida, for instance, students receive Dual Specialization from the electives Finance, Marketing, Human Resource Management and Information Technology.
Experts say PGDM hopefuls should decide which topic to specialize in based on what skills would help them improve their work performance and which specialties are most likely to increase their job opportunities. PGDM pass-outs with in-demand specializations are paid higher wages than their peers who focus on less-marketable disciplines, experts say.
What Skills a PGDM Teaches
Business school professors say PGDM programs help students develop the skills required to excel as business executives, such as the ability to quickly and accurately analyze large amounts of information and the competence to develop smart solutions to business problems. PGDM programs also teach students how to inspire and motivate people and command respect, a skill which is vital for those who want to tackle ambitious business projects that require teamwork.