Once you have decided to the pursue PGDM program, the next step is to opt for a specialization. It is a very crucial decision for a management aspirant to choose a stream. This is because you have to spend two years studying the subjects related to it. Also, the recruiters will hire you based on your specialization. For instance, if you have pursued PGDM in HR then you will be hired by a recruitment firm for the role of an HR.
What are the different types of specializations for PGDM course?
PGDM in Finance
Post Graduate Diploma in Finance covers finance management, cost accounting, mergers and acquisition, etc. Finance is the life blood of any organization irrespective of its size, location or nature of business. A management degree in finance will open many doors for you.
PGDM in Human Resource Management
It is said that manpower is the backbone of every organization. An HR is a person in any organization who hires the employees based on the requirement and deals with their overall work and development. As an HR, you get to deal with talent acquisition, payroll, industry trends, government regulations, performance management, organization insights and much more.
PGDM in Operations
PGDM in operations is focused more on the technical subjects. You will get to learn six sigma principles, quality management, logistics, etc. The concepts of effectiveness and efficiency of any organizations revolve around the operation management.
PGDM in Marketing
Marketing is the most dynamic field. It involves brand management, marketing strategies, advertising, business trends and patterns.
Nowadays, there are a number of other specializations too, like tourism, supply chain management, retail, etc. These specializations are mostly taken up by professionals who have gained relevant experience in that field.
Steps to Choose PGDM Course Specialization
Students should consider a few basic factors before they choose a specialization. It often happens that students choose a particular specialization while enrolling for a PGDM course. However, they hop to the other in the second year of their course. It is highly recommended that you should think from various perspectives before you make a choice and then be firm on it.
Goals and aspirations
It is most important that you should have definite goals for yourself. If you think you are more technically inclined, operations is an ideal choice for you. In case you are more of a people’s person who understands human psychology, you are suitable for HR role or marketing. Similarly, if you aspire to be an investment banker or like to play with numbers, go for finance
It is said that people from engineering background should go for a specialization in operation. If you have some experience or degree in accounts, it is needless to say that finance is your field. A more creative individual should choose marketing. You can think on the same lines for HR.
Once you are sure about your aims and interest, choose a college that offers the desired specialization. The college should provide placement opportunities. Another key point, make sure that the college or university has the necessary accreditations and approvals.