Should PGDM Institute (Students) Care About Research?

If you ask the above mentioned question to students, many would shout: “No!” But the actual findings may change their minds. It has been found and validated by many studies that when a PGDM Institute creates or generates more research from students, its placement/salaries go up. Since, organizations are paying these higher salaries; they are obviously recognizing the value of students educated in a more research-oriented environment. Equally important, from the B Schools point of view, it has been found that when the number of faculty research publications increases, students’ evaluations of professors also go up.

 

institute-2Addressing the importance of research in academics, Asia-Pacific Institute of Management (AIM), one of the top MBA College in Delhi has constituted an extraordinary Research Development Center in its one of a kind endeavor to advance administration research. The prime target of this Center is to elevate/hoist the benchmarks of academic and applied management research. It additionally endeavors to urge significant commitment to the business. The Center has pulled together a gathering of researcher who has PHDs from top Indian management institutes with diverse management background in the areas of HR, Marketing, Finance, International Business, Economics and Operation Research. The division energizes interdisciplinary and between institutional exploration. Scientists and professionals from both the educated community and industry over the globe are welcome to attempt incredible cooperative exploration assignments with the Center. The productivity of such initiative can be seen from two perspectives. First, researchers can teach students state-of-the-art knowledge, including the latest models, findings and frameworks. A second is that research professors can conceptualize problems, generate logically valid hypotheses and then test them with relevant data and appropriate methods. An understanding of this knowledge-discovery process is essential for students who must “learn how to learn”, so that their education remains relevant in a fast-changing world.

Careers options available after doing specialization in Organizational Behavior

Organizational Behavior is field of study that investigates the impact that individuals, groups and structure have on behavior within organization. The behavior of individual and groups in an organization directly affects the success of the organization.It is the study and application of knowledge about how people act within organizations. Knowledge of human behavior, psychology and business is critical in helping people lead productive lives and contribute to the achievement of organizational goals and objectives. The Bachelor of Science with a major in Organizational Behavior provides a solid foundation for applying knowledge to the workplace and increasing the effectiveness of both individuals and work teams. Some of the potential career paths in the field of Organizational Behavior are:

Human Resource Professionals: Many graduates of organizational behavior degree programs go on to fill management-level positions in human resources. These positions are available in a multitude of industries in the private and public sectors. As a human resource manager, one must ensure that the employees receive  proper compensation and benefits, oversee workplace safety, direct the maintenance of employee records, and manage overall employee hiring, evaluation and labor relations. They also develop, implement and oversee training programs or procedures. HR managers must stay up-to-date with policies that govern employee rights, such as equal opportunity employment and sexual harassment. These professionals work full-time in an office setting, although travel might be required for meetings or recruiting events.

Management Analysts: Management analysts, or management consultants, advise organizations on how to improve their profit, performance and efficiency. Some consultants focus specifically on organizational behavior or organization development and specialize in the human aspect of business including change management, improving productivity and human capital development. They provide an external, objective assessment of an organization and develop strategic recommendations to improve. This career requires a mix of analytic, creative and problem solving abilities, as well as strong communication, interpersonal and time-management skills. The job outlook for management analysts is promising. Employment is expected to grow 22 percent between 2010 and 2020, outpacing the average growth rate of all occupations. In 2010, close to 23 percent of management analysts were self-employed.

Training and Development Managers: Some graduates also become training and development managers whose major tasks are to identify, plan and implement initiatives to increase employees’ knowledge and/or aptitude to do their jobs. This is essential to ensure a company remains competitive, keeps employees engaged and reduces attrition. Although not required, most employers prefer that individuals in this area earn a Master’s degree and have experience in the industry in which they train others. It is also important to have critical-thinking skills necessary to assess and improve the training needs of a company.

Labor relations manager: The labor relations manager is responsible for negotiating agreements between a company and a labor organization or individual employees. He or she researches labor law, bargaining procedures, economic data, and wage data common for careers, industries, and states. The items handled in negotiations include union practices, pensions, healthcare, welfare, salary, and grievances. Labor relations managers also help to resolve disputes, complaints, and strikes. They may work with mediators and arbitrators to determine the conditions of new labor agreements.

Also graduates can find successful careers in a wide array of industries and environments, working in the areas of human resources, information technology, organization development, nonprofit management, consulting, training, and other fields.

 

 

What are the advantages of doing a Post Graduate Diploma in Management (PGDM) course in India?

creative-444As we all know that management has been a favorite among students as it can guarantee a successful career and a well-paying job. Coping with management studies can be tough but very fruitful. With the changing times, the needs and demands have changed too. The internet has become a knowledge giant and also a wizard, which has an answer to everything. New India is technologically savvy now and wants everything at the click of a button. With these demands, online education has also boomed and course like PGDM has been introduced by various autonomous business schools and universities.

The advantages of doing an autonomous management course like PGDM are plenty as compared to any university management degree. Post Graduate diploma in management is a two year course which will train candidates into bright business professionals. They are trained in business economics, market structure, investment, retailing, entrepreneurship etc. Also as PGDM courses are autonomous, they are not bound to follow any university structure and also have an inherent ability to utilize academic freedom within the parameters prescribed by AICTE. These courses develop trend-setting educational programmes and processes which are also in line with industry demands.

rankkkAlso if we do the comparison of management degree obtained from university and from autonomous college, we found that University MBAs are administered through the bureaucratic hurdles of administration – question paper leakage, postponement of examination, delayed result and errors in marks list are the routine problems in the university MBA, but these are not the issues in autonomous colleges since the entire examination work is handled scientifically.

Another important thing to consider is that in autonomous business schools, the curriculum is revised annually to keep pace with industrial demands, teachers act as pro-active mentors and climate of learning blossoms with intellectual stimulation. Whereas most of the universities are known for outdated curriculum, authoritative teachers and forced learning climate.

Also doing a management degree from a university is crippled by several regulators like, the State government, the university, the University Grants Commission, student union leaders and other interest groups; but autonomous courses are free from such bottlenecks.

20_img_2617In a PGDM course, along with the rigorous classroom learning, students get vast exposure to the real world of business through live projects, industry internship, case studies, and interactions with business leaders. Management concept and techniques are simplified by simulating key business environments in the form of games and enactment of contemporary case studies. Industry experts from around the world are invited for talks and inspiration.

Autonomous business schools ensure full placement of students. Also they attract and retain the best teachers by offering competitive salaries, also provide them learning opportunities to update their knowledge, and arrange seminars and workshops by inviting industry managers. In fact autonomous institutions have got dedicated cells to look after corporate relations. With these big advantages, the industries would prefer autonomous institutions to MBA colleges for campus recruitment. After all success of a career is dependent upon aspirant’s talent but because of all above mentioned points,  it is also observed that a PGDM student carries an upper edge due to the exposure and experience he has gained during his studies.

Moolmantras to crack Interview for any top MBA college in India

new_1Some of you may have the interview call letter or some of you might be expecting an interview call for the top b school for the PGDM program as admission season is around the corner. Interview is the first formal interaction point between an aspirant and the management schools. That is the time you convey your talent, drive and personality and you don’t want to take chances at that moment.

Having a feel of the question questions can certainly reduce the level of nervousness during any interview and preparing accordingly will smoothen your professional skills and strength. But always remember one thing the interviewer is always looking to know you as a person. Whether or not you would be fit for the college’s culture, how are you going to contribute to the college as a student, would be you be able to cope up with the academic assignments, projects etc.

img_6980Before applying to any top colleges in Delhi, the most important thing you need to work on is on your resume. Know your resume in and out. Don’t mention anything that you are not aware of. What I have observed is that the candidates, in order to differentiate their resume, add up unnecessary things which are not required. Remember one thing you have to differentiate yourself not your resume to impress the interviewer or to get selected. After crystallizing your resume, ask yourself these key questions:

  • Can I clearly articulate my career plan and future goals? (talk about your specialization and the industry that you are targeting at to join, in future)
  • What is my motivation to obtain an MBA? (talk about opportunities in the field of Management with reference to the current market)
  • How do I plan to use my MBA in my career? (skills and competencies)
  • What do I really want from my MBA experience? (talk about what you have read and heard about the course, and your expectation from the course and the college)
  • Why is X business school the right place for me? (do a research about the college X, visit their Website)
  • What can I bring to this MBA community? (talk about your contribution to the college)
  • Where do I see myself in 5, 10 or 15 years?

If your are clear about these questions and can convince the interviewer, consider your admission done so far as the interview round is concerned,  for any top b schools in India.

Features to be looked at while searching for Top MBA / PGDM Colleges in India

institute-2 A college education is much more than classes. It is a time for growth, a time when students broaden their horizons beyond  the walls of their upbringing to experience all the world has to offer. In this perspective,  an MBA / PGDM aspirant may have numerous questions in mind. One of those questions is related to self doubts like am I capable enough to get admissions in the best college? But before you reach to the questions like this, you should first know which of these colleges are best and how you should judge them. Most often it is not easy to visit  all the colleges before making a decision which all may be selected in your desired list. In this scenario, the list has to be  made based on the  information available online. This article talks about the features of PGDM institutes which can be used for judging their quality and which may be assessed based on the information provided online.

Placement-  When you start your search for PGDM college, first thing  you should pay attention to is placements. Have a look at not only the average package but also to the minimum and maximum salaries. If the bandwidth of the minimum and maximum salaries is high then average package must be below the mentioned level.

Faculty Profile- Faculty  plays a pivotal role in imparting quality education  to students. Their knowledge and experience contributes in their classroom delivery and outside classroom counseling. Thus,  a look at the profile of the faculty can give you a fair idea about the quality of the education provided by them.

Location- The location advantage of MBA colleges is something like a icing on the cake. Connectivity and accessibility definitely add to the fact that more and more companies visit the campus. This improves the quality of the placements.

Infrastructure –  Mere existence of building, classrooms or playground doesn’t guarantee the infrastructural support. Quality of the facilities also matters. The virtual support system like library, computer labs, Internet,  connectivity, and access to research journals, both online,  both online and off line, are equally important for teaching-learning process.

Course Design- Unique program, which integrates both core management areas as well as carefully selected elective courses, are important for developing the skill-set needed for a career in the area of your choice. Course design also facilitates the overall learning of the subjects deemed relevant by the industry.

students-picsStudents’ intake criteria – Most of the learning in a PGDM institute happens outside the class amongst the peer group. The peer group contributes immensely in the process of bringing change in the personality. Thus the criteria of the selection of students also work as filter for the non-serious students.

Cocurricular activities – The real application of the skill acquired in the classes happens beyond the classrooms. The Co-curricular activities like quizzes, debates, organizing events, seminars are the real test of the learning. Apart from these, the interaction with the industry personnel also boosts confidence and their experience helps in preparing for better career opportunity.

Is Post Graduate Diploma in Management (PGDM) equivalent to Masters in Business Administration (MBA)

Management education has become very lucrative course and it is attracting best minds across the country and after researching throughout web, brochures and discussion forums, majority of management aspirants are struck with these basic questions:- Which one should I go for an MBA or a PGDM? What is the difference between these two? Which one has greater scope? A lot has been discussed and written about them in past, but confusion about what differentiates both from each other still persists among students. MBA or Master in Business Administration is a post graduate degree, which only a college affiliated to any University can offer. Additionally, they have to be approved by All India Council for Technical Education (AICTE) New Delhi, which regulates technical and management education in India. On the other hand PGDM or Post Graduate Diploma in Management is a post graduate diploma course, which any college can offer, if approved by AICTE. Institutes which are not affiliated to university are autonomous and can offer PGDM (Post Graduate Diploma in Management). Thus the basic difference is that MBA (Master of Business Administration) is offered by the universities, as per Indian Law, like several other courses B.Tech or BBA. Whereas the institutions that are  not affiliated to universities, and are autonomous (self governing) offer PGDM (Post Graduate Diploma in Management).

rankkkDespite offering PGDM / PGP, autonomous colleges have their advantages Autonomous institutes may design their own curriculum to be taught and upgrade it regularly instead of following outdated University syllabus. Reason for university syllabus being outdated at times is that it changes once in three or five years; which certainly is a deterrent in Management arena, where the industry and technology is rapidly changing.

While one may say that PGDM courses are more Industry relevant, up to date as compared to MBA courses. Experts believe and the same opinion is shared by management students, that it does not really matter, whether one has done PGDM or MBA. The most important thing that a person should keep in mind is that of college. It has to be a college of repute. Thus before enrolling for any specific course, one must check the track record of various courses offered by that particular institute, talk to their alumni, their existing students and even administration including faculty to get an insider view of what actually happens inside college.

As whether that institute has an excellent faculty and infrastructure, needed for management education, about its placement record and its reliability and it’s all India ranking on different educational and career portals and magazines. Also it is important to consider that earlier PGDM was not recognized for higher studies like M.Phil or Ph.D that seeks a degree as a pre-requisie. But if an institute has an Association of Indian Universities (AIU) certificate than doing PGDM from that institute is equivalent to an MBA and a person can pursue for higher education also. However, when it comes to corporate scenario, both PGDM and MBA are equally recognized to have a successful and lucrative career prospects and it all depends on an individual’s capability and competency to pursue a particular course.