The World Economic Forum predicts that an investment in upskilling could boost the global GDP by $6.5 trillion by 2030. Hence WEF predicts that by 2025, nearly half the workforce will need upskilling.
According to Forbes, ‘This future workforce must adopt an agile philosophy: continuous improvement and optimisation as needs arise over time. One of the best ways to ensure this agility is to embrace upskilling, steadily learning new skills that can be applied in their work and fulfilling newly created roles and jobs’.
Recognising this need of the hour, companies are investing heavily in upgrading the skills of their employees and in training and development activities. The investment will boost employee morale and ensure that the organisation remains agile in the face of technological disruptions.
Due to critical problems like lack of funds, availability of resources, time constraints, family responsibilities, or the need to upskill or pursue higher education, professionals tend to divert from upgrading their skills.
But today, due to the advent of technology and easy accessibility due to the widespread use of the Internet, education has reached our fingertips. Online courses, digital classrooms, and virtual learning have revolutionised how we gain knowledge and information.
Hence working professionals prefer an online PG Diploma in Management over traditional Masters in Business Administration (MBA) degree.
Let’s discuss the benefits of pursuing an online Post Graduate Diploma in Management course:
Enhanced career prospects –
A PGDM course provides a platform for individuals to enhance their career prospects by acquiring new skills and knowledge. It helps you to become more competitive in the job market and increases your chances of getting hired by top companies.
Various disciplines to choose from –
You can select from various disciplines available, such as Project Management, Human Resource Management, Operations Management, Marketing Management, and Finance Management. It helps you focus on your area of interest and acquire in-depth knowledge in that particular field.
Practical exposure –
PGDM programs at top educational institutions like IIMs, XLRI or MIT School of Distance Education emphasise practical learning by including case studies, group discussions, project work, and internships. It helps individuals to gain valuable exposure to the business world and develop skills required for real-life situations.
Flexibility –
Online learning programs are to the point and add value to your resume. The distance learning model does not require students to attend offline classes. The online courses are primarily based on a self-paced learning model. Hence it offers complete flexibility.
Networking opportunities –
PGDM programs offer opportunities to connect with industry professionals, alums, and peers from different domains or areas of interest. It helps you to build a solid professional network and gain insights into the industry.
Leadership skills –
The programs focus on developing leadership skills such as decision-making, problem-solving, communication, and teamwork. It helps you to become influential leaders and contribute to the growth of your organisation.
Soft skills –
These courses also focus on soft skills such as communication, corporate ethics and social responsibility. Soft skills are the most sought-after skills by employers.
Affiliation –
Suppose the course is provided by any University or a recognised and reputed institute like IIMs, Welingkar, Narsee Monjee Institute of Management or MIT School of Distance Education. In that case, the candidate becomes an institute alum upon course completion.
Higher salary –
A PGDM degree increases the earning potential of individuals. A survey by Graduate Management Admission Council says, individuals with a PGDM degree earn higher salaries than those with just a bachelor’s degree.
Credibility & Recognition –
Courses & certifications from reputed and Government recognised institutes have worldwide acceptance.
Return on Investment (ROI) –
Since these courses are customised as per the advancements in each sector, they impart updated and relevant knowledge. Thus yielding a high return on investment. It helps them choose a brighter career path.
Focused learning –
The courses are designed to focus on necessary, applicable and updated skills. They also provide knowledge on legal compliance for setting up and running any company.
Conclusion –
India will experience a 6.8% growth in GDP due to upskilling by 2030, increasing its GDP to almost $600 billion. Upskilling is the need of the hour, where PG Diploma in Management (PGDM) courses play a critical role. Online PGDM course offers better job opportunities and impart real world teachings.
MIT School of Distance Education is an AICTE-approved distance learning institute. It caters to working professionals looking for career development. It offers PG Diploma in Management courses for the holistic development of professionals.
MITSDE offers a wide array of disciplines to choose from, such as –
- Project Management
- Marketing Management
- Finance Management
- Operations Management
- Supply chain & Logistics Management
- Banking & Financial Services
- IT Management
- Construction & Project Management
MITSDE has a dedicated team of student success managers for each learner. Student success managers assist learners in their academic journey.
It also has a placement cell that guarantees 100% placement assistance. The placement cell also offers resume-building and career-building sessions to help secure a rewarding career.
Lastly, initiatives like MITSDE Labs and Harbour offer a perfect blend of practical hands-on training and psychological counselling.
Thus, MITSDE offers a 360-degree learning approach that guarantees a rewarding career.