In India, there are numerous management courses, students take up every consecutive year. Post Graduation Diploma in Management (PGDM) program is one of the courses that today’s young professionals are choosing as this course provides are updated and industry-relevant curriculum. This is one of the reasons that PGDM is different from other management courses. The PGDM programs focus on industry-ready skills and make PGDM graduates highly sought after by employers. In this blog, we will understand why PGDM programs emphasise industry-ready skills.
Understanding PGDM Programs
The Post Graduate Diploma in Management (PGDM) is a 2-year, full-time course offered by many autonomous institutions. These programs are equivalent to MBA degrees but are more flexible and industry-oriented. The PGDM curriculum is updated every year. The curriculum is designed by taking input from industry leaders, analyst reports, and feedback from the industry-institute relationship stakeholders. Thus this ensures that students acquire relevant and up-to-date knowledge that can be immediately applied in the workplace.
The Importance of Industry-Ready Skills
In the competitive job market, possessing industry-ready skills gives graduates a significant edge. Employers look for candidates who are equipped with all the necessary knowledge and skills that are needed to excel in this dynamic market. Here is why industry-ready skills are important:
- PGDM graduates who are well-equipped with practical skills will require less on-the-job training, making them more attractive to employers.
- Industry-ready skills prepare PGDM graduates to adapt quickly to new roles and responsibilities.
- PGDM graduates possess a blend of theoretical; and practical knowledge, which makes them stand out in the crowd of the job market.
According to a report it is found that 78% of employers prefer hiring candidates with a PGDM over other management degrees due to their industry-ready skills.
Core Industry-Ready Skills Taught in PGDM Programs
PGDM programs cover a wide range of industry-relevant skills. Some of the major technical skills taught include:
Data Analysis
Understanding data in today’s technical job market is very important in making informed business decisions. PGDM course teaches students to analyse and interpret data effectively.
Digital Marketing
With the rise of digital platforms, knowledge of digital marketing strategies is essential. Students learn about SEO, social media marketing, and online advertising.
Financial Modelling
This skill helps students create abstract representations of real-world financial situations, aiding in decision-making.
Leadership Skills
Soft skills like team management and leadership are important for career growth and are a main focus in PGDM programs.
Methods of Teaching Industry-Ready Skills in PGDM Programs
PGDM programs incorporate various teaching methods to ensure students gain hands-on experience. Here are some of the methods:
Internships
Internship is an excellent way to provide students the opportunity to have real-world exposure. This allows them to apply their theoretical knowledge in the practical world.
Case Studies
Analysing case studies of real companies helps students understand different business scenarios and strategies.
Workshops and Seminars
PGDM institutes conduct sessions for students by industry experts, providing them insights into current industry trends and practices.
Industry Visits
PGDM institutes organise various industry visits for students, this helps students interact and deeper understanding of various industries.
Conclusion
A PGDM curriculum creates business-ready employees who can easily adapt to the corporate environment. The PGDM program focuses on developing a stronger foundation in management principles and practical skills that are essential for excelling in today’s competitive business world. If you want to make a career in management and searching for PGDM institutes in Jaipur, and PGDM colleges in Rajasthan, consider MIT School of Distance Education.
AT MITSDE, our PGDM program is specially designed to provide students with the latest comprehensive curriculum that will help them achieve the best in their PGDM careers. Join us today if ready to upgrade your future career.
