What is the full form of PGDM?
PGDM full form: Post Graduate Diploma in Management
PGDM full form: Post Graduate Diploma in Management is the full version of PGDM. In Hindi, PGDM stands for Post Graduate Diploma in Management. In India, it is a two-year full-time management program. The PGDM program emphasizes the development of skills and knowledge in areas such as Economics, Organization and Behavior, Finance and Accounting, Management Control, Marketing, and Human Resource Management. Four or six semesters make up the Post Graduate Diploma in Management (PGDM) program. It is dependent on the various institutes and their respective curricula. The AICTE, which is part of the Ministry of Human Resource Development in India, approves institutes that provide PGDM programs in India.
When compared to an MBA
The PGDM course structure and content are almost identical to that of an MBA. The main distinction is that an MBA confers a degree, whereas a PGDM confers a postgraduate credential. MBAs are often less expensive than PGDMs because the prices are almost identical to university standards. The MBA is more exam-oriented and focuses on theoretical aspects of management, whereas the PGDM is more industry-oriented and focuses on soft skills development. It helps you get ready for the employment market. A PGDM would prepare graduates for high-level roles in the industry and pave the route for a solid corporate career, whilst an MBA will aid build technical skills and business understanding.
India’s well-known PGDM institutes include:
- IIMs (Indian Institute of Management)
- XLRI (Xavier School of Management), Jamshedpur
- SP Jain Institute of Management and Research, Mumbai
- NMIMS (Banglore/Hyderabad)
Read more: SI full form