Students typically take the Post Graduate Diploma in Management (PGDM) program in business management after their bachelor’s or graduation. One of this degree’s most significant features or advantages is that candidates from various fields, including the arts, sciences, commerce, etc., can pursue it. The fact that the course is primarily application-based and industry-integrated rather than merely theoretical is another significant feature of this curriculum. Major and minor are the two specializations typically provided with the PGDM course.
Furthermore, as the school allows for dual specialization, a student wishing to enrol in a PGDM course may choose to apply for a specialization in two different fields. Considering your interests and the potential for advancement in the field of study is crucial before applying for a specific PGDM specialization. All of the specializations are related and require one another for an organization to work cohesively, even if each field of study is tailored to address specific management needs.
A selection of the PGDM specializations are mentioned below:
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Supply Chain Management
Supply chain management now faces more opportunities and problems as e-commerce and online delivery continue to rise in popularity. More and more people are turning to online ordering as a result of COVID-19 and the lockdowns that followed, which has exposed ineffective supply chain management procedures. As a result, there is an increasing need in the SCM space for methods more efficient approaches.
Because of this, SCM has become an excellent field for candidates due to the growing need for advancement and innovation in the industry.
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Marketing
Due to marketing’s growing popularity and use in the global corporate environment, almost all business schools offer specializations in the field. This discipline has increased; it is now one of management’s most important fields of study. Customer relations, consumer behaviour, branding, marketing communications, distribution, sales, and other topics are covered.
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Human Resource
Human resources is a vital and significant area of speciality in PGDM, and it’s an essential component of every modern business. For several strategic reasons, it is one of the most substantial and in-demand specializations in the contemporary world. Human resources have also seen significant growth and changes in recent years due to new developments like outsourcing and workplace diversity.
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Finance
One of the most essential elements of every organization is its finances. Any firm that wants to operate profitably and successfully must learn how to manage and use money. The methods for managing funds have changed significantly over time due to innovation and developing technologies, making the procedure much more straightforward and manageable. Candidates for this field of study must understand the topics addressed, such as finance, banking and taxation, security analysis and portfolio, and cost and management accounting.
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Business Analytics
Due to the increasing significance and application of data-driven analytics, business analytics is one of this field’s most sought-after specializations. Because of this, companies are searching more and more for applicants who can extract insights from past data. Additionally, the course provides hands-on training on various tools, including SAS, R-programming, Python, business intelligence, predictive analytics, and descriptive analytics.
Final Words
You’ve come to the correct place if you want to study a PGDM and are searching for the best management institutes in Delhi NCR. One of the most prominent management schools in the Delhi NCR, IBMR, provides student-centred programs that strongly focus on learning via an exciting process of exploration and experimentation. IBMR uses a distinctive approach to education that includes case studies, seminars, presentations, and conversations with international and Indian business executives.
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