What is the full form of PGDM?
PGDM: Post Graduate Diploma in Management
The full form of PGDM is Post Graduate Diploma in Management. It is a two-year full-time management course in India. PGDM course focuses on developing essential skills and knowledge in the areas of economics, organization and behavior, finance and accounting, management control, marketing, human resource management etc. Post Graduate Diploma in Management (PGDM) course can be divided into four or six semesters depending upon the different institutes and their curriculum. The institutes, running PGDM courses in India are approved by AICTE, under the Ministry of HRD, Government of India.
Comparison with MBA
The course structure and subjects of PGDM is almost similar to MBA. The only difference between them is that MBA provides a degree while PGDM is a Post Graduate Diploma. In compared to PGDM, generally, MBAs are more affordable as the fees is almost similar to university standard. MBA focuses more on theoretical aspects of management and is more exam-oriented, PGDM has a focus on building soft skills and is industry-oriented. It prepares you for the job market. An MBA will help in developing technical skills and business knowledge whereas a PGDM will prepare graduates for senior-level positions in industry and paves the way for a strong corporate career.
Famous PGDM institutes in India:
- IIMs (Indian Institute of Management)
- XLRI (Xavier School of Management), Jamshedpur
- SP Jain Institute of Management and Research, Mumbai
- NMIMS (Banglore/Hyderabad)