Top Job Friendly diplomas for management graduates
The increasing demand for ready-to-be-employed,
well-trained and skilled people in various industries has fuelled the
need for several diploma and certificate courses, particularly in the
management domain.
Most of such courses in management studies help the candidates cultivate add-on learning skills that aid in getting a raise in their remuneration and designation.
Here are some of the most sought-after courses in the domain.
1. Environment/Energy Management
According to Energy Statistics 2012 published by Central Statistics Office (Ministry of Statistics and Programme Implementation) "serious energy shortages continue to plague India, forcing it to rely heavily on imports."
On the other hand, there is an ever-growing demand-supply gap in India, which is worsened by careless management of non-renewable sources of energy.
A diploma or certification in energy management equip the participants in learning about the energy scenario, infrastructure, finance, crisis management etc, and also trains to do research in emerging fields of energy management with vigorous industry inputs.
Where to study
The Management Development Institute (MDI, Gurgaon) offers a Post Graduate Programme in Energy Management. This AMBA-accredited programme trains professionals from the country's Energy and Power Sector and helps them in honing their skills while on the job.
Anyone with a minimum five years of work experience in an energy company, power corporation, or related areas in technical or non-technical roles can apply for the course.
The target group includes power distribution companies, oil marketing and power generation companies, NGOs, government agencies, consultancy firms and companies in energy domain.
The programme fee works to about Rs 6.5 lakh (approx.) for non-DoPT (Department of Personnel and Training) candidates including boarding and loading charges.
The courses in the energy/environment domain (though largely in distance learning mode) are offered by the TERI University (Advance PG Diploma), the Indian Institute of Energy Management, Chennai, Jadavpur University, Kolkata, Tezpur University, Assam and the University of Pune, among others.
2. Insurance & Risk Management
Does working in insurance companies or broking houses excite you? An add-on qualification in insurance and risk management, alongside your graduation could be the way forward.
Though insurance is a relatively known and mature area, it is in risk management that many firms are focusing and increasingly hiring people.
According to the year 2011's data by the Institute of Internal Auditors, the risk consultancy market is worth approximately $30 billion (Rs 1.6 lakh crore) globally. In India, the data reflects almost three-fold increase in the quantum of risk managers in the last two years.
Risk management professionals are involved right from planning and strategy stage to final closure of transaction, ensuring that risk remains well within manageable levels.
Where to study
The Institute of Insurance and Risk Management (IIRM), Hyderabad offers a one-year International PG Diploma in Risk Management.
Hard work, commitment and seriousness are called for to pursue this course. The upper age limit for on campus programme is 30 years, however, this is relaxed for Distance Learning mode offered to working professionals.
Open to anyone who has a minimum of 50 per cent in graduation, the course comprises a month's internship with industry majors like IRDA, RBI, SBI, nationalised banks, insurance companies, broking houses, Clearing Corporation of India, SBI Gilts Pvt Ltd, SBIDFHI, stock exchanges, rating agencies, and others.
Foreign institutions such as the Institute of Risk Management, London, Sawyer Business School, or Suffolk University Boston admit IPGDRM students to their CIRM without any examination.
The IRDA ( Insurance Regulatory and Development Authority ) also recognises IPGDRM as equivalent qualification to FIII, Mumbai for employment purposes.
The other institutes offering PG Diploma in the subject are Aligarh Muslim University, the University of Madras, Gurunanak Dev University, Amritsar and Dr Ambedkar Law University in Tamil Nadu among others.
3. Export/Import Management/ International Trade
4. Retail Management
Retail management offers the learners a diverse range of career paths namely roles in management, procurement, merchandising, supply/logistics etc.
Most of such courses in management studies help the candidates cultivate add-on learning skills that aid in getting a raise in their remuneration and designation.
Here are some of the most sought-after courses in the domain.
1. Environment/Energy Management
According to Energy Statistics 2012 published by Central Statistics Office (Ministry of Statistics and Programme Implementation) "serious energy shortages continue to plague India, forcing it to rely heavily on imports."
On the other hand, there is an ever-growing demand-supply gap in India, which is worsened by careless management of non-renewable sources of energy.
A diploma or certification in energy management equip the participants in learning about the energy scenario, infrastructure, finance, crisis management etc, and also trains to do research in emerging fields of energy management with vigorous industry inputs.
Where to study
The Management Development Institute (MDI, Gurgaon) offers a Post Graduate Programme in Energy Management. This AMBA-accredited programme trains professionals from the country's Energy and Power Sector and helps them in honing their skills while on the job.
Anyone with a minimum five years of work experience in an energy company, power corporation, or related areas in technical or non-technical roles can apply for the course.
The target group includes power distribution companies, oil marketing and power generation companies, NGOs, government agencies, consultancy firms and companies in energy domain.
The programme fee works to about Rs 6.5 lakh (approx.) for non-DoPT (Department of Personnel and Training) candidates including boarding and loading charges.
The courses in the energy/environment domain (though largely in distance learning mode) are offered by the TERI University (Advance PG Diploma), the Indian Institute of Energy Management, Chennai, Jadavpur University, Kolkata, Tezpur University, Assam and the University of Pune, among others.
2. Insurance & Risk Management
Does working in insurance companies or broking houses excite you? An add-on qualification in insurance and risk management, alongside your graduation could be the way forward.
Though insurance is a relatively known and mature area, it is in risk management that many firms are focusing and increasingly hiring people.
According to the year 2011's data by the Institute of Internal Auditors, the risk consultancy market is worth approximately $30 billion (Rs 1.6 lakh crore) globally. In India, the data reflects almost three-fold increase in the quantum of risk managers in the last two years.
Risk management professionals are involved right from planning and strategy stage to final closure of transaction, ensuring that risk remains well within manageable levels.
Where to study
The Institute of Insurance and Risk Management (IIRM), Hyderabad offers a one-year International PG Diploma in Risk Management.
Hard work, commitment and seriousness are called for to pursue this course. The upper age limit for on campus programme is 30 years, however, this is relaxed for Distance Learning mode offered to working professionals.
Open to anyone who has a minimum of 50 per cent in graduation, the course comprises a month's internship with industry majors like IRDA, RBI, SBI, nationalised banks, insurance companies, broking houses, Clearing Corporation of India, SBI Gilts Pvt Ltd, SBIDFHI, stock exchanges, rating agencies, and others.
Foreign institutions such as the Institute of Risk Management, London, Sawyer Business School, or Suffolk University Boston admit IPGDRM students to their CIRM without any examination.
The IRDA ( Insurance Regulatory and Development Authority ) also recognises IPGDRM as equivalent qualification to FIII, Mumbai for employment purposes.
The other institutes offering PG Diploma in the subject are Aligarh Muslim University, the University of Madras, Gurunanak Dev University, Amritsar and Dr Ambedkar Law University in Tamil Nadu among others.
3. Export/Import Management/ International Trade
A boom in international trade is an obvious phenomenon in the era of globalisation.It is critical for
India to develop its manufacturing base for both consumption and
export.
Where to study
The Indian Institute of Foreign Trade at New Delhi offers a Certificate Programme in Export Management.
The course imparts hands-on tips and knowledge at each stage of export-import value chain i.e. from how to start an export-import business, registration with various authorities, identifying buyers/customers and markets, executing international contract, understanding procedure for exim finance involving currency management, process of safe and secure shipment of cargo, handling trade documents for benefits/subsidies/incentives/duty neutralisation etc, to safe, secure and systematic realisation of payments.
This four-month course is designed with contemporary industry-oriented inputs.For add-on learning, students are assigned live projects and taken to dry ports and Special Economic Zones for hands-on practical knowledge of logistics operation and learn the various facets of foreign trade chain.
The Welingkar Institute of Management Development and Research (WIMDR, Mumbai) offers a six-month part-time Diploma in Export Import Management. The course, sans internship, is open for class 12 pass outs, undergraduates with two years of work experience, diploma holders and graduates.
Considering the relatively shorter duration, we have to be focused. It is infeasible to include internships in such a short time-frame, so rather than taking them to the industry, we bring the industry to them in the shape of industry experts who give them first-hand knowledge of the developments and equip them with relevant information and skills.
Eligibility
These courses are suitable for anyone who is a professional or wish to pursue a career in forex department of banks, trading division of PSU, exim or customs and excise clearance division of any company, or international marketing unit in a logistics firm.
It is also for those who wish to work in a SEZ/EOU/STPI or in a warehousing company. Those willing to start their own export-import business may also opt to do these courses.
Scope of career
The remuneration varies with experience, calibre and potential of the candidate.
Where to study
The Indian Institute of Foreign Trade at New Delhi offers a Certificate Programme in Export Management.
The course imparts hands-on tips and knowledge at each stage of export-import value chain i.e. from how to start an export-import business, registration with various authorities, identifying buyers/customers and markets, executing international contract, understanding procedure for exim finance involving currency management, process of safe and secure shipment of cargo, handling trade documents for benefits/subsidies/incentives/duty neutralisation etc, to safe, secure and systematic realisation of payments.
This four-month course is designed with contemporary industry-oriented inputs.For add-on learning, students are assigned live projects and taken to dry ports and Special Economic Zones for hands-on practical knowledge of logistics operation and learn the various facets of foreign trade chain.
The Welingkar Institute of Management Development and Research (WIMDR, Mumbai) offers a six-month part-time Diploma in Export Import Management. The course, sans internship, is open for class 12 pass outs, undergraduates with two years of work experience, diploma holders and graduates.
Considering the relatively shorter duration, we have to be focused. It is infeasible to include internships in such a short time-frame, so rather than taking them to the industry, we bring the industry to them in the shape of industry experts who give them first-hand knowledge of the developments and equip them with relevant information and skills.
Eligibility
These courses are suitable for anyone who is a professional or wish to pursue a career in forex department of banks, trading division of PSU, exim or customs and excise clearance division of any company, or international marketing unit in a logistics firm.
It is also for those who wish to work in a SEZ/EOU/STPI or in a warehousing company. Those willing to start their own export-import business may also opt to do these courses.
Scope of career
The remuneration varies with experience, calibre and potential of the candidate.
4. Retail Management
Retail management offers the learners a diverse range of career paths namely roles in management, procurement, merchandising, supply/logistics etc.
Many institutes offer
training and career progression can be quicker wherein you could be at a
managerial level with just three to five years of experience, depending
on the nature of the employing firm.
Apart from core learning in the subject, the preferred skills for those willing to pursue a career in retail are relationship management and a strong customer service ethic.
A diploma course in Retail Management that has a compulsory internship with some organisation in the retail sector as a part of the programme is considered to be a good certification.
So, in case there are two candidates, where one has a three years degree certificate and another holds a diploma with internship, preference is given to the latter.
Where to study
The National Institute of Fashion Technology offers a one-year Diploma in Fashion Retail Management. Graduate in any discipline or with 3-year Diploma from NIFT/ NID can apply.
Prefer candidates with some experience in the apparel sector as the programme is designed to fulfil specific training requirements of apparel retail organisations.
Similar courses are available at Pearl Academy of Fashion, PRS training centres of the Retail Association of India and Symbiosis Centre for Distance Learning.
Scope of career
The course is a good add-on qualification and experience for working professionals in apparel retail organisations.
Apart from core learning in the subject, the preferred skills for those willing to pursue a career in retail are relationship management and a strong customer service ethic.
A diploma course in Retail Management that has a compulsory internship with some organisation in the retail sector as a part of the programme is considered to be a good certification.
So, in case there are two candidates, where one has a three years degree certificate and another holds a diploma with internship, preference is given to the latter.
Where to study
The National Institute of Fashion Technology offers a one-year Diploma in Fashion Retail Management. Graduate in any discipline or with 3-year Diploma from NIFT/ NID can apply.
Prefer candidates with some experience in the apparel sector as the programme is designed to fulfil specific training requirements of apparel retail organisations.
Similar courses are available at Pearl Academy of Fashion, PRS training centres of the Retail Association of India and Symbiosis Centre for Distance Learning.
Scope of career
The course is a good add-on qualification and experience for working professionals in apparel retail organisations.
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