For most students, the decision to choose engineering as an undergraduate stream is taken when they are barely 15 years old. Once they complete the 4-year program some of them are very clear that this is the stream they want to follow and they head to the US to do an MS at a leading school. However, most of them are still unsure of what path they would like to follow and this is where an PGDM program steps in.
Some engineers also work for a few years and then wonder what they can do to further progress their career. Some are not sure of how an PGDM will help their career after B Tech.
Here are the top 9 reasons why doing a PGDBM (Post Graduate Diploma in Business Management) after B Tech will enhance your career aspirations.
- Broader career landscape
During an engineering program you will study courses within a narrow spectrum of diversity. Whereas, once you pursue an PGDM program you will be taught courses like finance, marketing, operations, statistics, economics, HR, IT, etc. Thus, you have a wider playing field and can expand your horizons in either one of these. Once you have this exposure you can work across multiple sectors of business.
- Practical teaching and learning
An PGDM program bases itself in the real world. Institutes like Dr.D.Y.Patil B-School practices case study based method of teaching allows students to place themselves in the shoes of company managers. There are several courses that require live industry projects as well. A two month summer internship places them in firms with the students getting an experience of what they would be in their jobs. Additionally, PGDM colleges have a number of visiting faculty on their rolls – and the visiting faculty bring in real life experience right inside the classroom
- Broader cultural horizons
An engineering class most often comprises students from the same background and the same study experience. An PGDM class is more diverse – with students drawn from multiple fields – arts, commerce, engineering and diverse experiences. This allows a different learning dimension to the class as the students learn from each other as well as from the faculty.
- Narrow versus broad: understand business in totality
A PGDM gets to learn about the different facets of a firm. From how to manage budgets in the Finance class; how to sell and market in the Marketing section; handling supply chain and logistics; compliance with the laws of the land are some of the different business dimensions that a student would be exposed to. This feels like a contrast from the focused engineering study that delves deep into the discipline that the student majored in.
- Personal skills: become a manager
The PGDM student, as part of the course curriculum, gets to take part in national case study competitions; has to make presentations to large gatherings; has to work in a large team setting towards a common goal. All these elements work towards developing the student’s personality and makes the student a well rounded individual. Additionally, the short duration of the course with a commensurate higher level of intensity of study, presentations and discussions equip the student with the ability to drive themselves very hard.
- Better earning potential
A PGDM graduate commands a higher salary in the job market. Given the diverse skill set, engineer PGDMs are highly valued and are compensated accordingly. Given both their numerate skills, owing to engineering and the soft skills and business knowledge that the PGDM grants them; the students are able to earn a higher salary than pure engineers.
- Job opportunities in brand name companies
Most PGDM colleges have a structured placement season when global and domestic firms come to campus to interview and select candidates for job offers. This allows the candidates to plan their initial job choices as well as subsequent career moves in a more planned manner. Given the nature of the PGDM study program and its consequently corporate wider appeal, the job market also is a broader one allowing the student access to large brand name global firms.
- A strong alumni network: flexible career track
As most PGDM students have a fast career growth trajectory, it allows the wider PGDM alumni community to have access to senior and influential people placed at various places in the corporate ladder. It also allows an PGDM student – on account of this strong network – to switch career tracks and explore different sectors and industries on their career journey.
- Reinvent yourself
Nowadays, a growing number of engineering students go in for entrepreneurship straight after completing their engineering degree. Sometimes, the idea that made them turn entrepreneurial does not scale or find wide acceptance. Rather than start from the ground up in an engineering job, graduates can pursue an PGDM degree – both to understand the broader business dimension as also to give themselves a fresh boost to their careers.