Career Opportunities After PGDM
The birth of Management education dates back to the beginning of the 19th Century when Harvard started offering Management Education as a full-fledged program. With the advent of the global economy, the demand for professionals having formal management education accelerated. Industries today want employees who are dynamic, competent and good communication and leadership skills.
Why pursue an MBA or PGDM?
An engineer, a banker or an IT professional with a specialized MBA or PGDM commands more weight in the Job market than that of a Graduate. Management has become an indispensable skill to such an extent that many organization has partnered with leading institutions to train their workforces. This is an important qualification, the lack of which may mar your career prospects.
PGDM or MBA
In India, a PGDM Program has fared better than an MBA. There are reasons why most of the top-ranking Management Courses in India are PGDM. The credit largely goes to the agility and responsiveness of private institutions towards the market demands and understanding. Also, a degree program offered by universities reel under redundancy and slackness. In terms of market readiness and overall skill development, a PGDM from a reputed institution is a complete package. Now Let’s explore some of the opportunities that lie ahead for a PGDM/MBA professional:
Work Opportunities in after PGDM
With the decentralization of Government control, the private sector has swelled. The work environment, paychecks, and benefits are better as compare to the Public sector.
Multinational Companies are the biggest fixture of the global economic landscape. MNCs having diversified businesses across the globe always need people who can adapt according to the needs and requirements of the situation. With cut-throat competitions and a complex interplay of business forces, these companies rely on multi-facet employees. A PGDM prepares you to thrive in such an environment.
Depending on your bachelor’s and management specialization, you can find appropriate career opportunities in Sales and Marketing, Administration, Human Resource, Finance, General Management, Leadership, and Strategy and Planning as well. Any relevant work experience will only add to your profile.
Here are few of the position suitable for qualified managerial talent:
- Business Consultant
A booming consulting industry has paved the way for people with strong knowledge of a particular subject matter. In recent years the top consulting companies like E&Y, BCG, Mckinsey, Deloitte or PWC have hired students straight out of top institutions. Not only these companies offer a decent amount of package, but they also provide an international platform to such students.
- Advertising and Communication Manager
Companies operating in the domain of advertising and market communication prefer Management graduates specializing in fields like Sales and Marketing, Communication, Advertising and General Management. The spectrum of roles and responsibilities is wide and may require creative, problem solving, and communication skills.
- Sales and Marketing
Companies in FMCG, Lifestyle, and Electronic & consumer appliances are amongst the biggest patron at hiring fests. They often compete with each other for the bests in the market and offer to challenge yet rewarding career opportunities.
A specialization in finance exposes the learner to complex interplay of financial elements and its effects on business. It provides a high level of understanding of money flow. A person with Finance specialization can easily find jobs in banks, financial institutions, or in the financial wing of the business.
- Human Resource
Employees are a company’s most priced asset. Poor employee management results in attrition, high costs and a bad reputation. An MBA or PGDM is a prerequisite for the job profile such as recruiters, human resource managers, payroll managers, etc.
- Startups and Entrepreneurship
Technological development and advances have also opened an area of high growth for deserving candidates which was not very prominent a decade ago. The success of Indian startups like Ola, Swiggy, Paytm and many others have boosted the entrepreneurial spirits and more professionals are taking the plunge to explore entrepreneurial ventures and startups. A sound understanding of business and skill-set that can be acquired through managerial education prepares the learner for success in startups and entrepreneurship.
In addition to some of the areas that a PGDM or MBA equip you for, it can also help in elevating your career in the company. It removes the stagnation by reorganizing your skill-sets and give you market-ready tools to excel.
With the addition to the above, a PGDM/MBA qualified professionals in specialized fields like Engineering, IT, Supply chain are highly sought after.
The career opportunities for the candidates with the right qualifications are immense. Lack of Job opportunities can be attributed to a lack of skills and knowledge. To flourish in a dog-eat-dog world, being updated and relevant is the only strategy that is bound to work.
Having qualifications that only add blunt tools in your arsenal is as good as not qualified. If you want to ride the wave and not be swallowed up as a whole, a PGDM or MBA is one of your defense.