The broad spectrum of PGDM and diploma programs, especially in fields such as International Business, Insurance Management, Retail Management, and AI/Data Science, signifies a proactive adaptation to the changing needs of the job market
“As companies anticipate a 44% compromise in their workforce’s core skills by 2027 due to the rapid advancement of technology, the need for upskilling becomes crucial. Six out of 10 workers are expected to require training by 2027, but only half currently have access to adequate training opportunities, highlighting a significant gap. Recognizing this, businesses are planning to invest in on-the-job learning and training, with 82% expressing their intent to do so.
In response to this evolving job market, numerous PGDM and diploma courses are being offered both in India and abroad, addressing high-demand skill sets. These programs cater to the changing needs of industries and aim to produce professionals equipped with the expertise required for the New India.
Professor Sanjiva Shankar Dubey, Dean (Academics) and Chairperson Centre for Online Studies – COOLS at Birla Institute of Management Technology (BIMTECH), shares insights into the significance of high-demand skill sets in PGDM programs for the emerging India.
POST GRADUATE DIPLOMA IN MANAGEMENT
These programs bring together students from diverse backgrounds, fostering a dynamic learning environment. The dual specialization format covers Functional Specialization in areas such as Marketing, Finance, HR, Strategy and Consulting, and Operations, providing a comprehensive understanding of the chosen field.
PGDM: POST GRADUATE DIPLOMA IN MANAGEMENT- INTERNATIONAL BUSINESS
This program offers extensive opportunities for international business across various sectors, coupled with dual specializations in Functional Specialization areas and Industry Specialization modules, ensuring graduates develop a versatile skill set for success in the global business arena.
PGDM: POST GRADUATE DIPLOMA IN MANAGEMENT-INSURANCE BUSINESS MANAGEMENT
This program aligns with industry standards, providing exposure through joint certifications with organizations like Swiss Re and the Risk Insurance Management Society-USA, contributing to a globally oriented educational approach.
PGDM: POST GRADUATE DIPLOMA IN MANAGEMENT-RETAIL MANAGEMENT
Acknowledging the projected growth in employment within the retail industry, this program emphasizes consistent industry interaction and integrates key components such as Summer Internship, On-Job Training, and Leadership Experience and Attitude Development.
PGDM: POST GRADUATE DIPLOMA IN MANAGEMENT-ARTIFICIAL INTELLIGENCE AND DATA SCIENCE
In response to the growing investments in generative AI in India, institutes offer a 24-month program ensuring participants develop proficiency in technical expertise, analytical capabilities, and decision-making abilities.
PGDM ONLINE: POST GRADUATE DIPLOMA IN MANAGEMENT
The online PGDM model caters to working executives, providing flexibility in terms of time and travel. Notably, a significant number of online learners are women, many with family responsibilities, contributing to increased reskilling opportunities.
In summary, as the workforce faces potential skill compromises, upskilling and reskilling programs become imperative, not only addressing the skills gap but also contributing to the vision of building a more skilled and adaptable workforce for the future.”
