Learning The Answers To Some Common Questions Related To PGDM Courses

Pursuing a higher education program such as a PGDM can help the aspiring candidates to avail better career growth opportunities. However, since pursuing such programs often requires them to invest considerable time and money, they need to be sure about it being the right decision for them. Discussed below are some common questions that candidates aspiring to gain admission in PGDM colleges, want to know the answers to before making this choice.

1.   Which Candidates Are Best Suited To Pursue A PGDM Course?

Ans. One of the reasons that make PGDM courses so popular is that they can be pursued by any individual, who has completed an undergraduate program in any stream. This essentially means that an engineering graduate is as suitable to enrol for a course as a science or arts graduate. In fact, any individual aspiring to make a career in management and possessing the minimum qualification of having passed an undergraduate program with a minimum of 50% aggregate is suitable to take up the course.

2.   Can Getting A PGDM Certification Make One A Better Entrepreneur?

Ans. Most aspiring candidates believe that obtaining a PGDM certification can help them become a better entrepreneur. This might not be entirely true as PGDM is similar to any other educational program in that it helps the students to gain a better understanding of the different factors that impact the success or failure of a business. In addition, the programs also offer a basic guidance about the best ways to manage these factors for maximum benefits. It is however, the manner in which the students implement these concepts, which actually determines how well an entrepreneur they turn out to be.

3.   What Kind Of Salary Package Can Be Expected By PGDM Graduates?

Ans.  Candidates aspiring to pursue a PGDM program need to understand that their salary package will not be decided on the basis of their certification alone. In fact, the prospective employers consider various other aspects in addition to the PGDM certification before offering a salary package they feel is appropriate for the candidates. These factors generally include the communication and presentation skills of the candidates, their level of knowledge and understanding of various concepts, the post being offered etc. Many times the employers may also consider the ranking of the PGDM colleges in Hyderabad from where the candidates have graduated, which is why choosing a top ranking college is highly advisable.

4.   What Primary Objectives Are Achieved Upon The Completion Of The Course?

Ans. As mentioned before, a PGDM course is best suited for candidates seeking a career in management. By the time they complete the program, the aspiring candidates can be sure of having gained knowledge of the various concepts and skills essential for a professional growth and success. In addition, they would have gained enough practical expertise to kick start their career immediately after graduation.

Getting Familiar With Different Career Options For Candidates With A PG Diploma In Finance

Financial management is one of the key operations that ensure the smooth functioning of any business organization. This naturally leads to an unending demand for competent professionals capable of handling  various financial aspects of the organization efficiently. Hence it is no surprise that Diploma in Financial Management has become one of the most popular courses at the post graduate level. Pursuing this program can open up avenues of diverse career options for the aspiring candidates. Here’s some route-maps to follow:

Financial Advisor

Financial advisors play an important role in helping their client with the planning of short and long term financial goals. Almost every business organization has at least one financial advisor as a part of its executive team. These professionals also offer advice about investments, taxes and insurance. Candidates opting for the career of financial advisor can either choose to work for a business organization or offer their services independently.

 

Equity Analyst

Primary responsibility of an equity analyst is to review stocks and bonds and write an equity research report. They might also use the financial information thus obtained to suggest the necessary changes in financial policies of their clients to ensure maximum growth and profitability. In general, equity analysts work independently offering their services to diverse clients, although they may also be employed by organizations.

Investment Banker

Contrary to the popular belief, the job of investment bankers is not restricted only to offering the best investment advice to their clients rather, they shoulder several different responsibilities including underwriting new stock issues, handling mergers and acquisitions for their clients and acting as a general financial advisor to high profile clients in both private and public sector.  In addition, the investment bankers might also handle the personal wealth management of clients with an extremely high net price worth.

 

Finance Manager

The finance managers in general are responsible for managing the financial health of an organization. The tasks handled by them include production of financial reports, develop long term plans and strategies for fulfilment of financial goals and to take part in investment activities. All these aspects form an integral part of the curriculum of Post Graduate Diploma courses in Finance. This makes the candidates with a PGDM Finance certification the best choice for handling the responsibilities of a finance manager.

 

Financial Planner

Financial planners are responsible for understanding the financial needs of their clients and providing them with an appropriate roadmap to fulfil these needs. They offer advice and guidance to the clients on aspects such as risk management and insurance planning, planning for retirement and even tax and estate planning. They are generally employed by organizations such as banks and investment companies that offer various financial services to clients with respect to proper management and investment of their funds.

Useful Guidelines That Can Help Students To Successfully Prepare For MBA Entrance Exam

Even though the popularity of MBA programs has far surpassed that of any other higher education programs, gaining an admission into the program is still relatively difficult. The first and perhaps the biggest challenge that MBA aspirants need to overcome is that of clearing a relevant entrance exam with a good enough score. In fact, a good score plays a critical role in ensuring that the students get admission in top MBA colleges in Hyderabad. While there is no set study format that can guarantee a good score in MBA entrance exams, the following guidelines can prove extremely useful in maximizing the chances for the same.

Stay Motivated : It is important for the students to stay motivated and focused during their study period. This can be ensured by avoiding too much contact with people, who might discourage and de-motivate them in any manner. The students need to remain determined and have a positive approach towards studies in order to fulfil their dream of attaining success in the entrance exams.

Perform Regular Self-Analysis : Students should perform self-analysis on a regular basis to gain a clear understanding of their strengths and weaknesses. This can in turn help them to plan their study schedules in a more effective way and also learn about the areas that they need to improve upon. One of way doing self-analysis effectively is for the students to attempt as many mock tests as they can.

Practice, Practise And Practise : Most students feel content after learning the topics and concepts a couple of times. However, it is equally important to practice solving all variety of problems related to these concepts and topics. The more the students practise, the lesser are the chances of students coming across problems during actual exam, which they might not be able to solve.

Be Focused On Their Objective : Being focused is an essential trait amongst students not only during the pre-exam study period, but also while they are training at top MBA colleges in Hyderabad. In fact, focus and hard work form the basis for building a successful career. The students need to keep reminding themselves of their objective and the things they need to do to achieve the same.

Take Time Out To Relax : Continuous studies without any break can lead to information overload and mental as well as physical exhaustion. Hence, it is extremely important for the students to take regular breaks from studies and take part in activities that can make them feel relaxed and refreshed. The students can play their favourite games, go out with friends, enjoy long walks, listen to music or do anything that takes their minds off the studies for a very small time.

Develop Time Management Skills : It is extremely important for the students preparing for their MBA entrance exam to develop efficient time management skills. They should prepare a proper study schedule and adhere strictly to it. In addition, they should make sure that they devote enough time to cover every single topic and concept more than once. It also essential for the students to practice the application of time management skills while solving question papers, to get the best results.

Understanding Need For Management Institutes To Foster Skills Of Leadership And Innovation

Amongst the various reasons that have made management education so popular is the fact that it ensures the development of an individual. This is because these courses do not just impart the necessary technical and conceptual skills that can help the trainees become successful managers. Rather the programs are designed to enhance the various life-skills that can take the students on a path of exceptional personal and professional growth. However, there are two key skills that the even the best PG Diploma courses need to imbibe in an extremely deep manner. These two skills are innovation and leadership, which can play a critical role in helping the management professionals to reach the heights of success.

Innovation And Leadership – What Business Organizations Expect

Business models today are undergoing a constant change and most organizations expect the management professionals to have an innovative approach towards problem solving. The companies expect these professionals to possess a flair for coming up with new ideas and executing them in the most efficient manner for assured business growth. At the same time the business organizations expect the management professionals to have developed an attitude of efficient leadership suited for mod-management roles, during the pursuance of the management program itself. Thus, the inability of the management graduates to fulfil these key expectations puts the very goodwill and competence of their certifying institutions under a dark cloud.

What Management Institutions Need To Do

The above facts make it quite clear that fostering innovative and leadership skills is no longer a choice but has become a necessity for management institutions today. However, the big question is how the institutes can go about ensuring the same. The best way to resolve this problem is for the institutes offering PG courses in India to first start assessing the challenges they face in fostering these skills. Only after gaining a proper understanding of these challenges, can the institutes work towards developing the most effective strategies to overcome them.

The other major task that the institutes need to work towards fulfilling is that of increasing their focus on integrating other related skills into the management course curriculum. This can be ensured in the following ways.

Teaching Using Real Life Scenarios

The faculty at these institutes should adapt a teaching methodology that helps in improving the skills necessary for promoting innovation and leadership amongst the students. They should also provide multiple real life scenarios, where the students can use their leadership and innovative skills for problem solving.  These sessions should be challenging enough to force the students to think out of the box and give them an opportunity to explore their leadership capabilities.

Seeking Guidance From Known Business Leaders

Another way of effectively imbibing the skills of leadership and innovation amongst students is by seeking the guidance of popular business leaders. Most students are naturally inspired by the management leaders in their respective fields. As such they are more likely to develop the habit of innovative thinking and leadership skills, if they learn about its significance from the favourite business leaders. The more interactive these sessions with business leaders are, the better benefits they can offer to the students.