Post Graduate Diploma in Management (PGDM) though a diploma, is absolutely equivalent to a degree and that too, an MBA degree.
Many expert academicians as well as industry personnel have admitted this fact that even though PGDM program is a post graduate diploma, it is no where less than a MBA program. In fact, the PGDM program is much more industry oriented and is a boon for those enthusiasts who have an urge to explore the challenging and yet interesting and fast paced corporate world.
A degree can be offered only by the Universities or those educational or academic institutions who are affiliated to the Universities. But, if an autonomous educational institute wishes to offer an education program, it has to offer diploma certificate programs only. This is the reason that reputed institutes like Indian Institute of Management, S.P Jain Institute of Management & Research and many more reputed institutes offer diploma management programs and not the degrees.
In today’s modernized age, companies are concerned about the skills and knowledge possessed by an aspirant rather than whether he has a degree or a diploma. Of course, companies do consider the educational institution’s ranking and then decide whether to consider the credentials of the candidate or not. In such a scenario, one can opt for a PGDM program from an All India Council for Technical Education (AICTE) recognized institution.
There may be many such colleges but one of the best B-School in Mumbai & Pune is iFEEL (Institute for Future Education, Entrepreneurship & Leadership) which offers two year full time PGDM program with specializations in Marketing, Human Resources, Finance, Operations and Information Systems & Technology. This AICTE approved College offer an industry integrated program with a motto of inculcating the necessary leadership and entrepreneurship traits among the learners so that they can face the corporate challenges fearlessly.
Without innovation it is almost impossible to achieve success in today’s ever demanding world. If there are limited or no resources available, then an individual has to come up with the innovative solutions in order to overcome the problem and this is what is taught in the PGDM program at this b-school. The course curriculum is periodically updated by the institution with a view of incorporating the latest knowledge about the concerned industry. This is an advantage of this diploma course where the educational institute has the liberty to design its own program unlike that of a University.
Therefore, much more industrial knowledge could be obtained from the PGDM program than an MBA program and this increases the opportunity to locate a lucrative job in the industry.