11 Jan PGDM Colleges in Mumbai with Fees
What is PGDM?
PGDM is a two year diploma course offered by independent Business Schools recognized by AICTE that puts its main focus on offering practical knowledge of management. PGDM full form is Postgraduate Diploma in Management and is equal to MBA if the college is accredited by AIU.
PGDM course duration is of 2 years and in order to be eligible for the pgdm course, applicants should have completed graduation if possible from management. But graduates from any stream can apply for this course. PGDM Admission is typically based on entrance exams like MAT, CAT, XAT, and more.
A lot of working professionals and students choose this management course because the PGDM Syllabus is market and industry oriented. It follows present trends in the market and moulds its syllabus accordingly.
PGDM Full-Form: Post Graduate Diploma in Management
PGDM Course Level: Postgraduate
PGDM Duration: 2 years
PGDM Examination Type: Semester/ Trimester System
PGDM Eligibility: Graduation in any stream
PGDM Admission Process: Entrance Exams, Direct Admission is also offered in some private colleges in Mumbai.
PGDM Average Fees: INR 3-12 Lakhs
PGDM Top Colleges: IIM Kolkata, NMIMS, SPJIMR etc.
Distance Education: NMIMS, IGNOU, Symbiosis Centre for Distance Learning (SCDL), Nalanda Open University
PGDM Average Salary: INR 4-10 LPA
PGDM Top Recruiting Areas: Banks, Marketing Agencies, Entertainment Portal, Market Research Companies, Consultancies, Law Firms, Hotels and Resorts, Educational Institutions, etc.
Job Positions: Administrative Officer, Business Consultant, Finance Manager, Human Resource Manager, Public Relations Officer, Marketing Executive, etc.
Top Companies: McKinsey & Company, Price water house Coopers Advisory Services LLC, The Boston Consulting Group, Bain & Company, Accenture, Deloitte Consulting, Booz Allen Hamilton, EY LLP Consulting Practice, etc.
About PGDM Course
Post Graduate Diploma in Management (PGDM) is a management course with a more realistic approach and Industry oriented. The curriculum of the course is fairly similar to that of MBA with an aim to impart Management training programs amongst the candidates by following up with rigorous case studies and seminars to get ready the students for the Industry.
PGDM is a extremely highly demanding course amongst the students who want to pursue their careers in the management field. With the continually changing world, the necessities of the Organizations, Institutions, Companies etc are also changing. There is a vast demand for Managers, Leaders, functional heads and Specialized Executives all around the world.
Students of any stream can opt for this course: The goal of the PGDM Syllabus is to help students in any sector shape their careers. For their general growth, students holding a bachelor’s degree in any field and the necessary percentage can enroll in the PGDM course.
Interdisciplinary Course: In order to satisfy industry demands, PGDM is an interdisciplinary degree that combines various streams, including management, accounting, economics, etc. Rather than focusing on improving students’ proficiency in a single area, the PGDM degree equips them with a broad range of knowledge.
Preparing Future Managers: Demand for quality managers is rising gradually in the country. To achieve industry standards, organizations frequently invested large sums of money on training and development. The PGDM program helps students position themselves in relation to the demands of today’s markets and industries.
Leverage on present Salary or Job Position: PGDM course helps the students to climb up the ladder in the pyramid. It offers Salary hikes, Promotions, CV enhancements etc by updating itself with the present market needs.
Who should do a PGDM?
A PGDM course is an option for those who wish to pursue a career in management.
A high income is promised by the PGDM course to those who can manage and lead teams. Individuals with high leadership capabilities must try in PGDM programme.
Since PGDM allows students from all degrees, it provides an excellent opportunity for candidates to modify their career route to something that interests them.
Many students choose to enroll in PGDM courses in order to change careers or rise to managing or administrative positions. You should not do both at once, as it’s possible to spread too thin – not having the work experience in the new position to back it up.
Nearly everyone who is a working professional or student can complete a PGDM distance learning program. This helps the candidates or professionals with time and financial restrictions.
Professionals with significant work experience can advance in their careers because PGDM colleges do not discriminate based on age.
When to do a PGDM?
Through the imparting of practical approaches, the PGDM course aims to meet industry requirements and upgrade skills. The ideal timing to enroll in a PGDM course varies from person to person.
After graduation, a PGDM course won’t be as beneficial as having a few years of experience under your belt. Main companies need 3-4 years of work experience and relevant skill addition in the resume in order to earn that fat paycheck that everybody dreams and also for an executive level job.
There is a great demand for PGDM courses because of their extremely lucrative nature. This has led to high costs associated with the Diploma degree. Students must be ready to cope financially. Many students are unable to bear the high cost of a PGDM course and leave mid-way.
Students must evaluate the value of what a PGDM course will add in their career. A PGDM course is something which helps in our personality development by bringing new perspectives to our mind.
Types of PGDM
Because of an upsurge in the demands of PGDM courses, there are different options obtainable for the students to choose from the different types of PGDM courses offered. For example, a Professional who wants to pursue a PGDM course to move up the ladder in the organisation can opt for PGDM Distance course or PGDM Online course whichever may be suitable for him/her.
|Types of PGDM
|Bachelor’s Degree with 50% marks
For IIM 60% marks
|INR 4- 24 LPA
Full Time PGDM
- The two-year full-time PGDM professional diploma program gives students in-depth understanding of industry standards and conventions. This is the most popular form of PGDM course. Full Time PGDM Fees ranges from INR 4-24 LPA depending on the college.
- Entrance examinations, either at the national or university level, form the basis for PGDM admissions. The CAT, MAT, XAT, SNAP, NMAT, and GMAT are among the top PGDM entrance exams.
- Full time PGDM Specialization encompasses HR, Finance, Marketing, and similar fields.
- Leading universities around the nation offer PGDM programs. Students can take PGDM from DSGS in addition to Top PGDM Colleges in India.
Online PGDM courses are short courses offered by many online platforms that are very beneficial for learning a certain subject. Professionals can progress in their professions by using the variety of management topics offered by online platforms, which are in step with current market trends. The student will know about a lot of subjects that will not be part of the syllabus.
- No requirement of travel time.
- The pgdm course is self-paced which lets the students to learn at his own pace
- The fees are less compared to offline classes which helps the candidates financially.
- Enables the students to broaden their minds in the field of Management and have a better understanding of what is happening around them through trending topics.
A planned education that happens distant from the teacher’s source is known as PGDM distance learning. Some of the reasons to take PGDM Distance Education is mentioned below:
- The lower cost of buying books leads to money saved which can help a person somewhere else.
- Helps the person to work and study at the same time.
- Students have a lot of options for colleges while studying PGDM Distance Education
- It helps a person to keep himself updated with the subject without leaving his job.
Students are taking Distance Education seriously because of a number of reasons.
Ranking of PGDM Colleges in Mumbai with Fees
|Name of the PGDM Colleges
|School of Business Management SVKM’s Narsee Monjee Institute of Management Studies, Mumbai
|Welingkar Mumbai – Prin LN Welingkar Institute of Management Development and Research
|NMIMS Mumbai – Narsee Monjee Institute of Management Studies
|NLDIMSR Mumbai – NL Dalmia Institute of Management Studies and Research
|₹ 3.55 L
|HK Institute of Management Studies and Research, Mumbai
|₹ 2.40 L
|MET Institute of Post Graduate Diploma in Management, Mumbai
|₹ 11.05 L
|PGDM Institutes Name
|Aditya School of Business Management, Mumbai
|GNIMS Mumbai – Guru Nanak Institute of Management Studies, Mumbai
|Welingkar Mumbai – Prin LN Welingkar Institute of Management Development and Research, Mumbai
|Sir Sitaram and Lady Shantabai Patkar College of Arts and Science and VP Varde College of Commerce and Economics, Mumbai
|St Francis Institute of Management and Research, Mumbai
|Thadomal Shahani Centre for Management, Mumbai
|TGBS Mumbai – Thakur Global Business School, Mumbai
|TIMSR Mumbai – Thakur Institute of Management Studies and Research, Mumbai
|Uma Krishna Shetty Institute of Management Studies and Research, Mumbai
|Vidyalankar School of Business, Mumbai
|Vivekanand Business School – Vivekanand Education Society’s Business School, Mumbai
Complete Details of Top 10 PGDM Colleges in Mumbai
Ranked 197th by India Today and 118thby Outlook.
Admission Process: Must have qualified graduation and MAH CET/CAT/XAT/GMAT/MAT/CMAT entrance test.
Total Course Fee: INR 7.22 lakhs
Avg. Placement Package: INR 5.6 LPA
SP Jain Institute of Management and Research
Ranked 4thby India Today and 2nd by Outlook.
Admission Process: Must have qualified graduation and CAT/XAT/MAT/GMAT entrance test.
Total Course Fee: INR 19 lakhs
Avg. Placement Package: INR 26.36 LPA
Narsee Monjee Institute of Management Studies
Ranked 9th by India Today and 4th by Outlook.
Admission Process: Must have qualified graduation and NMAT/GMAT entrance test.
Total Course Fee: INR 6 lakhs
Avg. Placement Package: INR 18 LPA
National Institute of Industrial Engineering
Ranked 11th by India Today and 16thby Outlook.
Admission Process: Must have qualified graduation and CAT/GMAT entrance test.
Total Course Fee: INR 14 lakhs
Avg. Placement Package: INR 20.8 LPA
KJ Somaiya Institute of Management
Ranked 25th by India Today and 24th by Outlook.
Admission Process: Must have qualified graduation and CAT/MAT/GMAT entrance test.
Total Course Fee: INR 8.17 lakhs
Avg. Placement Package: INR 10.8 LPA
Principal LN Welingkar Institute of Management Development & Research
Ranked 33rd by India Today and 40thby Outlook.
Admission Process: Must have qualified graduation and CAT/CMAT/XAT/GMAT/ATMA entrance test.
Total Course Fee: INR 11 lakhs
Avg. Placement Package: INR 8.24 LPA
SIES College of Management Studies
Ranked 51st by India Today and 88thby Outlook.
Admission Process: Must have qualified graduation and MAH CET/CAT entrance test.
Total Courses Fee: INR 9 lakhs
Avg. Placement Package: INR 8.14 LPA
NL Dalmia Institute of Management Studies & Research
Ranked 80thby India Today and 80thby Outlook.
Admission Process: Must have qualified graduation and MAH CET/CAT/XAT/CMAT entrance test.
Total Course Fee: INR 9.30 lakhs
Avg. Placement Package: INR 9 LPA
IES’s Management College & Research Centre
Ranked 144thby India Today and 94thby Outlook.
Admission Process: Must have qualified graduation and CAT/MAT/GMAT/XAT/CMAT entrance test.
Total Course Fee: INR 8 lakhs
Avg. Placement Package: INR 6.4 LPA
Jamnalal Bajaj Institute of Management Studies
Ranked 23rd by India Today and 14thby Outlook.
Admission Process: Must have qualified graduation and MAH CET/CAT/CMAT entrance test.
Total Course Fee: INR 6 lakhs
Avg. Placement Package: INR 18 LPA
PGDM Colleges in Mumbai with Fees FAQs
Q. Which institute is best for PGDM in Mumbai?
DSGS is the best PGDM institute in Mumbai.
Q. Which is cheaper MBA or PGDM?
Compared to PGDM, MBA courses are relatively less expensive. Because the universities receive government funding, students pay less for education. The costs of MBA programs at private universities, however, are significantly greater.
Q. Why PGDM fees so high?
Only universities provide MBA programs, and since the majority of universities in our nation are government-run, the costs are generally lower. However, as PGDM is only given by private universities and they do not receive funding from the UGC, the cost is substantially greater.
Q. What is the salary after PGDM?
In India, the average beginning salary for a postgraduate student is approximately ₹1.8 Lakhs per year, or ₹15,000. Being a Pgdm Student does not require any prior experience. What is the maximum pay in India for a postgraduate student? The maximum annual pay for a Pgdm student is ₹8.0 Lakhs, or ₹66.7k per month.