The PGDM (Post Graduate Diploma in Management) is a postgraduate-level management programme offered by different business schools in India that is equivalent to an MBA (Master of Business Administration) degree. A dual PGDM specialisation refers to the programme structure in which you pursue two different specialisations simultaneously.
In a traditional or single-specialisation PGDM programme, you can choose only one specialisation, such as marketing, human resources, operations, finance, etc. However, as the demand for all-around professionals is increasing day by day, some institutions have introduced the concept of dual specialisations to provide students with a comprehensive understanding of business concepts and practices.
Here's what you need to know about dual PGDM specialisations:
Types of Dual PGDM Specialisations
Specialisation in Marketing:
- Sales and Distribution Management
- Retail Marketing
- Digital Marketing
- Integrated Marketing Communication
- Services Marketing
- B2B Marketing and Rural Marketing
- Marketing Strategy
- International Marketing
Specialisation in Finance:
- Investment Analysis, Wealth, and Portfolio Management
- International Financial Management
- Business Taxation
- Financial Services and Insurance
- Enterprise Risk Management
- Strategic Financial Management
- Core and Investment Banking
- Behavioural Finance
Specialisation in Human Resource Management:
- Talent Management
- Compensation and Benefits
- Industrial Relations and Labour Law
- Learning Organisation and Leadership
- Organisation Development and Change Management
- Strategic Human Resource Management
- Human Resource Analytics
- International Human Resource Management
Specialisation in International Business:
- Foreign Trade Management
- International Financial Reporting
- Geopolitics
- MNC Corporate Governance
- Managing partnerships and networks
- MNC Logistics and SCM
- Negotiation Skills for International Business
- International Derivatives Markets
Eligibility for Dual PGDM Specialisation
- To be eligible for a Dual PGDM Specialisations programme, you should have completed a bachelor's degree in any discipline with a minimum of 50% aggregate (the SC and ST categories have a minimum of 45% aggregate) from a recognised university.
- If you are appearing in your final semester or year exams, you are eligible to apply for the course.
- Besides this, you may also need to qualify in relevant entrance exams such as the Common Admission Test (CAT), Xavier Aptitude Test (XAT), Management Aptitude Test (MAT), or other equivalent exams. The scores of these exams are often considered part of the admissions process.
Note: It will be an added advantage if you are a working professional or hold any relevant working experience.
What Makes Dual PGDM Specialisation a Game-Changer for Your Career?
- Expanded knowledge and skills: Pursuing dual specialisations enables you to acquire a broader and better understanding of different functional areas in management. It provides them with a diverse skill set that can be beneficial in multidimensional roles or industries that require expertise in multiple areas.
- Enhanced career prospects: Dual specialisations can open up newer avenues of career opportunities for you as it allows you to experiment with different roles within an organisation more seamlessly.
- Beat the competition: In dual PGDM specialisations, you get the golden opportunity to learn not just one specialisation but two simultaneously! This increases your skill and knowledge level and gives them an extra edge over others. As the market is becoming more competitive with each passing day, having dual exposure gives them an added advantage.
- Flexible and customised learning: Dual specialisation programmes offer flexibility in tailoring the curriculum according to individual preferences. It allows you to choose elective courses according to your preferences, thereby creating a unique learning experience.
- Time and resource efficiency: Dual PGDM courses are specifically designed to optimise the use of time and resources. This is because you can learn two different specialisations in the same time frame while utilising the same resources, such as financial costs, etc., thereby making it a win-win situation for you.
Way Forward
Overall, dual PGDM specialisations offer unique opportunities to gain a diverse skill set and expand career prospects in the corporate sector. This course enables you to combine knowledge and skills from two different areas, thereby making you a competitive candidate in the job market. You will also have an advantage in roles that require expertise in multiple areas or in industries where cross-functional knowledge is highly valued. Therefore, you must carefully consider personal interests, career goals, and the reputation of the institution, such as AICTE accreditation and rankings of the business school, before opting for a dual specialisation PGDM programme.
