What you should know about PGDM Data Science Course?

The academic institutions are coming up with new courses and specialisations that are well inclined towards industry requirements. The technology industry is changing day by day, new innovations are being conducted in the tech world and organisations are adapting towards the new and latest technologies at a much faster pace. One such technology is Data Science.

Although we have heard Data Science in many technical related courses but now the changing dimensions and increased competition in the industry has resulted in organisations to adapt multidimensional approaches. This has created a new scope of work which is a perfect blend of management and technology, the PGDM Data Science.

What exactly Data Science is?

Data Science is one of the buzzed and booming words in today’s technological dictionary that is gaining a lot of attraction from different organisations across diverse fields. With the advent of internet and digital platforms the demand for data science specialists has been increasing day by day. Today data is considered as precious as any other precious metals that exist in the world and organisations are eagerly looking for the huge data and trying to use it effectively. The advent of the internet has generated trillions of bytes of data each day that is going unused due to lack of skilled professionals. 

Surveys claim that nearly 10 million bytes of data is generated per minute each day. The organisations are behind these unused data for business developments and new business ventures. To achieve this there is a demand for skilled professionals like data science analysts to extract the raw data and make them usable for organisations.

Data Science in its most basic terms can be defined as obtaining insights and information, really anything of value, out of data. The field is always tempting but counterproductive to try to put concrete bounds on its definition. Data Science is basically a concept that unifies statistics, data analysis, machine learning, domain knowledge and related methods to understand and analyse actual phenomena of an event. Basically, data science is an interdisciplinary subject that focuses mainly on extraction of data from data sets which are typically large.

Many surveys predict that by the year 2025 there will be 6 million jobs generated throughout the world for data science specialists. Data Science is considered as the next biggest technological revolution in the IT field.

Brief Description about PGDM course

PGDM or Post Graduate Diploma in Management is a diploma course that can be taken after the completion of a bachelor’s degree. PGDM course is  basically offered by autonomous institutions that are approved by All India Council for Technical Education (AICTE). The PGDM course basically focuses on the technical situations over the theoretical aspects. The PGDM curriculum can be upgraded more frequently to include the new changes and trends in business management.

There is not much difference between PGDM and MBA. The curriculum remains the same in both the cases, but the PGDM course follows a skill-based approach. The organisations today are preferring students who are good at skills and ready to hire them for handsome salaries.

Few lines about PGDM Data Science

The PGDM Data Science is a 2-years postgraduate course that is divided into 4-semesters. The course offers a specialisation in capital markets, digital supply chain or healthcare. The course is offered in combination, the strengths of a business and data science field. The course will help the students to get on the management track by becoming a chief data officer or chief digital officer. The course gives a detailed understanding of data science and management and also explores the inter-disciplinary functionality between data science and management in real-world.

The PGDM Data Science is a highly demanding course and it is personalised to the needs of highly-aspirational individuals who dream of their career in analytics and data management.

Course Overview

The course curriculum of Data Science will be a holistic combination of both theory and practical learning. The course is conducted through a process of experiential learning through industry (capstone) projects, design thinking techniques, research incubation, workshops simulations, personality development and social immersion projects, etc.

The course is exclusively designed and developed for the students who aspire their growth and career in analytics and data management. The industry driven curriculum associated with global certifications, the course embarks the students to apply their learning to real-world business challenges guided by our experts and SMEs.

The uniquely developed course structure fetches the students their desired careers in the highly competitive industry. The course is designed and developed to impart managerial skills with sharpened domain specific knowledge. The course is uniquely developed with a perfect blend of business domain knowledge, managerial taxes and industry relevant learning.

Eligibility for PGDM Data Science Course

The students interested to join PGDM Data Science course are required to possess the following eligibility criteria.

• The candidate should have passed Bachelor’s degree with at least 50% aggregate (or equivalent) from a recognized University 
• Qualification in any of the competitive management entrance examinations CAT/ MAT/ XAT/ GMAT/ CMAT/ SNAP/ NMAT/ PGCET/ KMAT is mandatory
• The students having more than one year of work experience is an added advantage

Career Scope and Salary

There is a huge demand for PGDM Data Science students. They are hired in large numbers in various IT solution companies and financial institutions. The PGDM Data Science students are usually hired in managerial positions and will be fetching handsome salaries. They have an excellent growth in the career of data science. It is predicted that by 2025 nearly 6 million jobs will be generated for data science specialists and demand for the skilled ones is huge in coming years.

The fresh PGDM Data Science professionals are easily paid 8 lakhs to 12 lakhs per annum by top MNCs. The experienced ones will be earning more around 12 lakhs to 24 lakhs per annum. As the role is new there is a huge demand for skilled professionals. The companies are ready to pay handsome salaries for highly skilled professionals.

Top Organisations hiring PGDM Data Science students

PGDM Data Science is the newest course and many top MNCs are already looking for skilled and trained professionals in the Data Science field.  Some of the top organisations hiring PGDM data science students are:

• IBM
• Microsoft
• Google
• SAP
• Goldman Sachs
• JP Morgan Chase
• Facebook
• Amazon
• Flipkart
• SAP Technologies

Final Thoughts

Data Science is the next big thing that is going to rule the technology industry in the coming years. The PGDM Data Science students are considered as hot selling cakes in the skill hungry job markets. The PGDM Data Science students will be earning handsome salaries and can expect excellent career growth in the field. The students with a passion towards data science along with management can join this course.