What is PGDM? (Post Graduate Diploma in Management)
Today, most of the students are getting confused to go for a PG. Still, they are in the dilemma that whether MBA or PGDM is better to grow in a career. There is a difference between an MBA and PGDM. But, there are lots of benefits with PGDM.
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; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. On similar lines AICTE (All India Council for Technical Education) is allowing approved colleges to run a PGDM course. Some Business Schools offering this AICTE PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE, Ministry of HRD, and Govt of India.
Just like how UGC – University Grants Commission controls the Universities in India, AICTE – All India Council for Technical Education has control on both technical and management courses and especially colleges not under Universities. Even colleges offering UGC recognized MBA Programmes in most cases should have AICTE approval. (Source: http://www.managementparadise.com/)
Benefits of PGDM:
Usually, autonomous colleges maintain latest syllabus, as per the market demand, but in universities it is not possible to change the syllabus every year. It will take 3 or 5, sometimes it will take 7 years. Because many colleges will affiliated under the university, syllabus books, and textbooks need to change and faculty needs to upgrade themselves. Based on this reason it will take time to change the syllabus. But in autonomous colleges they will change continually, according to current market trend. So that students will get latest knowledge.
PGDM courses available at SSIM:
PGDM Triple specialization:
It is primarily end and developing specialist and Marketing, Finance, Systems, HR, operations and IT to meet the challenges in the rapidly globalizing networked economy.
Focuses not only on the latest sort of courses, but also tips, trends and best practice (visual merchandising, Retailing, Marketing of IT/ITES, Corporate Communications, ERP, field sales Management etc.) To get all of the students to be finest sales and marketing professionals.
Post Graduate Diploma in Financial Management (PGDM BIFAAS)
This program focuses on Banking, Insurance, Finance, and Allied Services covering in the financial sector.
HR program is AIM to bring all contemporary HR processes (Performance Management, Compensation Management, HR audit, Negotiating Skills Managing Diversity etc.) Together to make the student fully equipped to take the HR courses.