Amidst the resources available through the institution’s career services, the alumni network substantially contributes to an individual’s initial professional development and sustained achievement.
When considering a PGDM institution, students must meticulously evaluate the program’s course offerings, tuition structure, the faculty’s areas of expertise, and the potential impact of the degree on one’s career and personal growth.
Shared Experience And Connection
By staying connected with alumni networks, students can build professional relationships, attend reunions, and keep in touch with others who have gone through the same educational process. When you face similar challenges, your shared experiences can be very influential. You and other alumni will share a common understanding and experiences, creating a strong sense of familiarity and mutual trust. Alumni networks can benefit students in the long term, so it’s something to consider. According to Jeff Schmitt in Poets & Quants, Your alma mater is more than just a degree – it’s a shared experience that connects past, present, and future students.
Importance Of A Strong Alumni Network In A PGDM Institute
Guiding Force
The engagement of the alumni network benefits the institutions by allowing alumni to support students and the institution. Well-informed and engaged alumni act as loyal supporters and ambassadors, providing valuable marketing and promotion across personal and professional networks.
Salary and Earning Potential
Research from the National Association of Colleges and Employers (NACE) indicates that job candidates with alumni referrals tend to secure higher salaries than those who apply through conventional channels. This is attributed to alumni influencing hiring decisions and negotiation outcomes favoring their fellow graduates.
Expertise
Prominent alumni, through their talks and meetings, provide career support, personal growth, and learning opportunities for current students. In some cases, alumni may provide practical support to students in work placements and help them launch their careers. An engaged alumni network is beneficial because graduates are more likely to want to “give back” to the University, inspiring and motivating the current students.
Upper Hand In The Market
The alumni network provides real-life benefits for current students, including career support and enhancing their experience to gain a competitive edge in the job market. With alumni serving as a significant source of placement opportunities, students can feel confident and assured of their future prospects.
An analysis conducted by LinkedIn reveals that 85% of employment opportunities are secured through networking. This underscores the key function of alumni connections in gaining entry to coveted job markets and prospects for career progression.
Global Reach
Alumni networks connect PGDM students worldwide. This global reach provides international career opportunities, cultural exchanges, and collaborations beyond local or national boundaries. Whether looking for insights into international markets, considering moving abroad, or simply interested in different cultural perspectives, your alumni network can offer valuable global insights.
Building a Personal Brand
Proactive participation in the alumni network can assist in cultivating a personal brand within the industry. By contributing expertise, delivering guest lectures, and engaging in thought leadership discussions, students can establish themselves as respected voice within their alma mater’s community. This heightened visibility can elevate your professional reputation, attract new opportunities, and fortify your position as a knowledgeable and influential figure in your field.
Leveraging Alumni Networks for Entrepreneurship
Entrepreneurial ventures greatly benefit from alumni networks, which serve as valuable sources of support. They offer crucial resources such as mentorship from experienced entrepreneurs and opportunities to connect with potential collaborators. These networks frequently organize entrepreneurship competitions, pitch events, and workshops tailored to aspiring entrepreneurs, providing an ideal environment for innovation, idea exchange, and business growth.
Mentorship and Guidance in Career Transitions
In times of career change, the guidance and support offered by alums mentorship can be invaluable. They provide career advice, facilitate introductions to relevant contacts, and share insights on incorporating environmental sustainability into professional practices.
At VJIM, the alumni network is a precious resource for students, providing access to mentorship, networking opportunities, and valuable insights across various industries. With over 3000 active members, our alumni network comprises entrepreneurs and industry leaders, offering an extensive and beneficial asset for students pursuing their PGDM. This network enables students to forge meaningful connections with their peers and industry professionals, empowering them for future career endeavors.