POST-GRADUATE PROGRAMME IN MANAGEMENT
The two year full-time Post Graduate Programme in Management (PGPM), which was launched in 1994, is the flagship programme of MDI. The Programme is designed to develop professional managers ready to work at responsible positions in a global environment.
MDI’s PGPM is designed to nurture students and help them build and enhance their managerial competence. The meticulously structured programme helps students:
- Understand the social, economic, political, technological and ecological environment of modern society and its characteristic values
- Become effective leaders, who can achieve results beyond expectations and transform organizations
- Think out of the box, so that they come out with innovative answers, create alternative solutions, and develop entrepreneurial skills
- Imbibe values of integrity, justice and fairness so that they promote and maintain high ethical standards in management
- Develop a global mindset so that as future managers they can meet the challenges from international competition
The Curriculum Design
The PGPM curriculum design and pedagogy emphasize the development of students’ skills and abilities to apply management theories and concepts to live problems of business and industry. Students are expected to achieve high standards of excellence. The teaching methods include–lectures, case studies, seminars, assignments, live projects, group discussions, business games, outbound based experiential learning activities, educational excursions, role plays, simulation exercises, structured and unstructured group work, and field visits. The emphasis is on involving the students in learning and helping them to relate concepts and theories to business realities. The programme enables students to acquire skills to identify and deal with complex problems of management. Consistent with advances in teaching technology, the programme integrates the use of computers (IT) in the learning processes. The students undertake several field-based projects so that they can get better insights into workplace reality. The curriculum is revised on an ongoing basis through discussions with practising managers from the industry. This is done to reflect current business needs in the curriculum.
The PGPM course curriculum is spread across six terms of about three months each. The core (compulsory) courses are covered in four terms, with the bulk covered in the first three terms. These core courses enhance the ability to communicate, analyze situations and make decisions using both quantitative and qualitative considerations, and also help them develop a holistic view of business management and the business environment. During this period, students choose courses in general management and various functional areas, such as finance and accounting, marketing, operations management, information technology management, organizational behaviour and strategic management. They are also exposed to the basic disciplines of economics, behavioural sciences, managerial communication, business law, quantitative methods and decision sciences.
At the end of the first three terms, the students go for a summer internship with an organization. The internship usually spans over a period of eight to ten weeks. This is a compulsory component of the curriculum and is an essential part of the academic requirements. It is designed to provide exposure to organizational working, to develop an understanding of business realities, and to learn how to apply theory to real life business situations.
In the second year, the students may take elective/ optional courses to specialize in a maximum of two functional areas. These areas could be any of the following: Finance, Information Management, Marketing, Strategy and Operations Management. All elective packages, however, may not be offered, as this would be determined by the number of students showing interest in specializing in a given area. The Institute may also consider new electives in line with the latest developments and availability of expertise to offer the same. To specialize in an area, a student must take a minimum of five elective courses (15 credits) offered by that Area. Students shall be allowed to opt for between 14 to 17 electives (42 to 51 credits). However, the CGPA would be arrived at by taking into account the best 14 electives (42 credits) from electives taken by the student.
Student Exchange Programme
The student exchange programme promotes a greater understanding of the multiple perspectives on managerial issues and challenges that are international in nature and enhances the competencies of students so that they are better able to live and work in an increasingly globalized world. This feature thus provides a unique opportunity to the students to enrich their international academic experience and widen their career horizons.
MDI has entered into exchange programmes with top B-Schools across the Globe to encourage its students to have valuable international academic, cultural and industry exposure. Partnering institutions have been selected on the basis of synergies in respective programmes. The students who decide to go on exchange can leverage the strengths of the different institutions to draw up an academic content, in consonance with their career goals.
Students can complete a part of their studies at a foreign institution with which MDI has an agreement for the exchange of students. Under the exchange programme students are permitted to enroll for any course(s) for one term or more, provided they meet the requirements of the MDI programme and those of the foreign institution. Students participating in the exchange programme will receive the diploma of MDI when they have completed all the requirements. Students can earn a dual degree where MDI has such an arrangement with partner institutions like with EDHEC Business School, ESCP Europe and HHL, and they have satisfactorily completed all the requirements of the dual degree. Acceptance of MDI students by foreign institutions are guided by the policies of those institutions
The evaluation system for the PGPM has been designed to achieve the following:
- Evaluate the progress of learning of each student
- Prescribe and promote certain acceptable and uniform standards of comprehension
- Encourage healthy and constructive competition among the students
MDI follows a system of continuous evaluation. Throughout the term, students are tested on their ability to understand concepts, learn techniques and apply them to problems in the real world. At each stage of the course, the students would be in a position to assess their performance and take measures to make improvements. In each course, a student is awarded a letter grade. The weighted average of courses taken by a student in the programme gives the Cumulative Grade Point Average (CGPA).
- O.P. Jindal scholarship of INR 1,50,000 for second year students.
- At the end of the second year, MDI awards five merit scholarships of INR 10, 000/- each to the top five students.
The following international scholarships are available to MDI students going abroad on an exchange to partner Universities/ Business Schools:
- DAAD Scholarship for schools in Germany
- Eiffel Scholarships for students going for dual degree programme to France.
- Scholarships from French Embassy in India
Other Universities/Business Schools: In addition to above Scholarships, students from time to time get scholarships/funding support. Sciences Po Lille, France would grant scholarship based on social Criteria.
MDI also has an arrangement with the following Universities/Business Schools for providing Free Accommodation on reciprocal basis (each out-going student pays the rent for the in-coming student)
- Warsaw School of Economics, Poland
On successful completion of the programme requirements, a student is awarded a Post-Graduate Diploma in Management, PGDM, which has the approval of the All India Council for Technical Education, Government of India and is recognized by the Association of Indian Universities (AIU) as equivalent to an MBA degree of an Indian University.
MDI is the first Indian Business School and second only in Asia to get this programme accredited by an International body the ‘Association of MBAs’ (AMBA), UK. MDI has also been accredited by a South Asian Quality Assurance System (SAQS).