A normal employee manages their daily tasks for maximum productivity. On the other hand, a leader manages people effectively to get things done. Having managerial skills is a must for any person looking to grow in their career. There are a number of direct and indirect advantages of getting a management degree through a PGDM course in 2021. It opens up opportunities for you to grow, not just in your business but also in your personal life because of the various skills you develop in the process. There are numerous advantages of pursuing a PGDM program but we have shortlisted the best ones. Here are the top 10 benefits of PGDM and management education in 2021.
- Skills + mindset worth Higher salary package
One of the major reasons for individuals getting a higher salary package after their PGDM course is because management is a creative process. Not many people are able to do it. Very few of them can effectively manage a team for maximum productivity. The industry needs more people with such skills, but they are in limited quantity. Additionally, a PGDM program is designed to give more practical exposure to students. This again translates into higher packages as companies want employees who are skilled, yet more technically compliant.
- Better career opportunities
Pursuing management studies in India opens up a vast array of career opportunities. Almost every industry in the world needs management personnel, thus giving you ample options to choose from. Human resources, statistics, Information technology, marketing, , and finance are just some of the functions in which a PGDM graduate can pursue their career. Thus, as compared to other people, management professionals are exposed to better career opportunities.
- Networking opportunities
Networking is one of the major reasons why people choose to pursue a degree in a PGDM program. During the course, students are given the opportunity to interact with experienced professionals and business leaders from leading companies around the world. This is possible because of the robust alumni network of top management colleges like Welingkar and the personal connections of the faculty members here. Colleges / B-
Schools arrange various multidisciplinary events and initiatives to promote networking with their peers who are going to become successful entrepreneurs and CEOs in the future.
- Development of interpersonal skills
Interpersonal skills help a student to stand out in the corporate world. Skills like analytical thinking, problem-solving, emotional intelligence, conflict resolution, decision making, and more are taught during management studies in India. These skills matter in real life because we humans are social beings, and it helps us while interacting with people around us effectively. We need to use them every day in our daily life to generate maximum productivity in all tasks - professional or personal.
- Entrepreneurial mindset development
A PGDM course provides you with the correct mindset, knowledge, and environment to start and run your own business. Entrepreneurial skills like managing a team, finances, handling a crisis, and working with limited resources are taught in a PGDM program. You also have the chance to interact with entrepreneurs and your peers who are driven to make a change in society. This helps you plan your own venture more effectively.
- Real practical experience of the industry
A PGDM course is known to help students get an overview of current industry trends as it is more inclined towards the technical application of business concepts. The syllabus is updated much more frequently than an MBA degree to benefit the students. The institutes design their own curriculum and arrange for a number of industry visits for maximum practical exposure. Thus PGDM students are more adapted to suit the real corporate world after they graduate.
- Large variety of specializations on offer
Every student is different and wants to excel in a particular field of management. PGDM colleges like Welingkar understand this and offer a wide range of options to their students. PGDM in finance, business analytics, logistics, human resource, marketing, operations, and healthcare management are some of the fields you can specialize in. Having expertise in one field simply improves your employability and helps you in your entrepreneurial journey.
- Development of managerial skills
Managerial skills are going to be key in the future as they cannot be automated. A key quality of a leader is how effectively he/she manages their team to get the important tasks done first. It helps the organization too when they have a person who can plan, coordinate and motivate employees for maximum productivity.
- Development of communication skills
The art of listening, correcting your body language, building confidence, and being open-minded are all part of building effective communication skills taught in a PGDM program. Apart from this, written communication skills are also developed, owing to their importance in today’s virtual working environment. The communication skills you develop during your management studies in India help you nurture relationships with your colleagues, clients, and friends to boost your career.
- Builds your credibility in the industry
Companies, investors, and people, in general, are more likely to deal with candidates having a background in management education. They prefer someone with a PGDM degree because it is proof that one is qualified enough to understand the fundamentals of a business operation. Also, you will build credibility in the industry when you network with your industry professionals during your summer internship.
A PGDM and management education in 2021 not only helps in securing a high-paying job but also gives you the tools to begin your own venture. It ensures you are highly capable for growth in your career. If you want to know more about getting a PGDM degree from one of the top management colleges in Bangalore/Mumbai then click here. Please paste the link here.