Postgraduate Diploma in Business Management - Careers, Salary, Jobs, Scope
Postgraduate Diploma in Business Management: Brief Summary
Course Name | Postgraduate Diploma in Business Management |
Also known as | PGDBM |
Duration | 10 months – 2 years |
Level -Degree/Diploma | Diploma |
Mode | Full Time |
Eligibility | Graduation with at least 50% from a recognized university |
Expected fee | Rs 80,000- Rs 20,00,000 P.A |
Average Starting Salary | Rs 30,000 to Rs 1,50,000 p.m |
Tests Accepted | CAT/MAT/XAT/NMAT/ATMA/CMAT/GMAT/SNAP |
Top recruiting companies | MC Donald’s, Zycus, Welspun, Standard Chartered Bank, Airtel, Randstad, Maruti Suzuki, ABC Consultants, Philips, Godrej and Boyce |
Top Job Roles | Business consultant, Business Analyst, Data Analyst, Project Manager, Operations Manager, Risk Manager, Operations Research Analyst, Management Analyst, Product manager |
Why Post graduate diploma in Business Management (PGDBM)?
With about 15 lakh registered private companies in operation in India as of January 2018, it goes without saying that a huge number of business management professionals are needed each year.
A business organization can only reach the pinnacle of its success under the able guidance of highly skilled and competitive management experts who provide the extra edge needed to make sure the mark. The salaries offered in this sector too are therefore at par with the required high quality skills set.
Under the Post Graduate Diploma in Business Management (PGDBM) students are exposed to the rigors of analytical and critical thinking, problem solving techniques, making presentations, logical reasoning and decision making. They learn to hone their written and oral communication skills, entrepreneurship skills and all about effective time management, data interpretation and the art of working collectively as a team.
In this course, students are taught about how external financial changes affect a business internally and they learn corporate laws and regulations framed on management.
The PGDBM course lasts 10 months to 2 years varying from institute to institute.
Top institutes such as all the IIMs offer this course across their campuses throughout India and the total PGDBM course fee ranges anywhere between Rs 80,000 to Rs 20,00,000.
Jobs and Careers Opportunities for PGDBM
On successful completion of the course, students can expect to be gainfully employed in any of the following designations:-
- Business consultant
- Business Analyst
- Data Analyst
- Project Manager
- Operations manager
- Risk Manager
- Operations Research Analyst
- Management Analyst
- Product manager
- Revenue manager
- Chief Executive Officer
- Chief Operations Officer
- Managing Director
- President/ Vice president of a company
- Marker Research Analyst
- Retail Manager
The following are job role descriptions of some of the above positions-
OPERATIONS RESEARCH ANALYST
Operations Research Analyst is in charge of assisting managers in choosing the optimum allocation of the funds of the company, they prepare production schedules, look after the logistics and supply chain management and also make decisions on product pricing. They are experts in complex data analysis, economic simulations and troubleshooting.
Salaries in this field are around Rs 3,12,000 per annum
BUSINESS OPERATIONS MANAGER
The role of a Business Operations Manager revolves around devising the best plans for overcoming the day to day challenges faced by a business in its operations as a whole. They mainly focus on the supply chain management aspect of the company so as to be to reduce overall costs to the company.
The average salary in this field is. Rs 7,33,000 per annum.
MANAGEMENT CONSULTANT
Management Consultants guide the company on how to maximize production and profit and minimize operational costs. The scope for these experts is vast and they can choose either to work part time with several large consultancy firms or they can choose to work full time as a consultant for a specific consultancy firm or full time for a company.
The expected salary is around Rs 3,63,000 per annum
MARKET RESEARCH ANALYST
Market Research Analyst thoroughly examine the market conditions before the launch of a product or a service and gauge the immediate marker demands and what the consumers actually really want in a particular product or service.
They conduct intense research on competitors in the same field and also the current market standing of the company they are working for. They are highly skilled in using the latest software for data and statistics analysis.
The average salary in this designation is Rs 3,52,000 per annum
PRODUCT MANAGER
Product Manager is completely in charge of each and every aspect connected to a particular product or service. They look after its raw material procurement, product design, production, quality assurance, logistics and supply chain, stores of that product, product outcome and pricing, sales and marketing for that product and also deal with the feedback on this product.
The average salary of a product manager is Rs 10,00,000 per annum
REVENUE MANAGER
A revenue manager is in charge of the entire revenue management of the company. They are in charge of eliminating waste, increasing performance efficiency and maximizing profits.
The average salary of a revenue manager in India is Rs 5 lacs per annum
CHIEF EXECUTIVE OFFICER
The CEO is one of the senior most persons in the company and is major decision and policy makers. They help the company to reach its goals in a highly competitive market.
A CEO on an average earns around Rs 30 lacs per annum. Though, this figure depends on the scale of the organization.
Postgraduate Diploma in Business Management: Salary
Salaries earned by PGDBM professionals-
Role | Salary in Indian Rupees |
Management Consultant | 9 lacs per annum |
Senior Project Manager | 18-25 lacs per annum |
Risk Manager | 12.5 lacs per annum |
Budget Analyst | 3.5 lacs per annum |
Retail manager | 3.6 lacs per annum |
Recruiters
PGDBM graduates are recruited in the products and services sector, IT sector, banks and financial institutions, the hospitality industry and in the healthcare sector.
The following are some of the top recruiters of PGDBM graduates-
MC Donald’s | Zycus | Welspun |
Vodafone | Airtel | Standard Chartered Bank |
Maruti Suzuki | Randstad | ABC Consultants |
Pidilite | Fortis Hospitals | Infosys |
Oyo rooms | Mahindra Logistics | Larsen and Toubro Infotech |
Godrej and Boyce | Hindustan Unilever | Philips |
Specializations Offered
In the second year of this course, students can select any specialization of their choice. The following are some of the specializations available to PGDBM students–
POSTGRADUATE DIPLOMA IN FINANCE
In this specialization students learn all about the finances of a company, interpreting and preparing financial reports, cost accounting, taxation and auditing. This further gives them the scope of being employed by both public and private sector banks and financial institutions.
In this course, students also learn about the securities and commodities markets, global finance, market volatility and macro and micro Economics. Learning about the securities market helps students to choose to work in mutual funds and Hedge fund companies if they wish.
POSTGRADUATE DIPLOMA IN MARKETING
This specialization teaches students all about how a product or a service is finally presented to the ultimate target consumers. It covers product design, packaging, pricing, sales and advertising for the product so as to make it as attractive and desirable as possible for the end users.
In an extremely competitive market, skilled sales and marketing managers are highly sought after and on completing this specialization students can get jobs as sales and marketing managers.
With a boom in retail and online businesses, marketing is in high demand so as to gain maximum consumers. FMCG, retail sectors and online businesses have a constant need for brilliant marketing experts as they have the necessary communication skills required to capture a market.
POSTGRADUATE DIPLOMA IN HEALTHCARE
Healthcare is now a booming industry in India with people coming in from abroad to receive quality medical care at an affordable cost (medical tourists). The field is highly competitive and each service provider vies with the other in shooting ahead.
This specialization requires great communication skills as it directly involves handling families of patients and providing the best medical care possible as well as running the organization at a level of utmost efficiency at the least possible cost.
Statistics show that this sector is growing at the rate of 15% and its total value is expected to touch US $ 372 billion by 2022. With such massive figures, it goes without saying that highly skilled individuals are much needed in this sector and a specialization equips students with all the necessary skills to lead this field.
POSTGRADUATE DIPLOMA IN BROADCAST MANAGEMENT
Media is the fourth pillar of democracy in India and is considered to be all powerful. It is thanks to the media whether it be print, electronic or social media that the world is now a truly global village and information and news from all corners of the globe are now at the tips of our fingers.
Large media houses operate in every nook and cranny of the country and offer vast employment opportunities after a specialization in this field. The course will teach students all about how a media house runs, programme production, scriptwriting, story boarding and other necessary communication skills.
Postgraduate Diploma in Business Management: Syllabus
The general outline of a PGDBM course syllabus is given below-
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Popular Colleges Offering PGDBM
The following colleges offer a Postgraduate diploma in business management-
Name of the Institute | Course Duration | Total Course Fees | Eligibility criteria and selection process |
Sydenham Institute Of Management Studies, Research And Entrepreneurship Education, Mumbai | 2 years | Rs 1.67 Lacs | Valid CAT/ XAT/MHCET/CMAT scores. Selection is through a centralized admission process carried out by the Directorate of Technical Education Maharashtra |
Symbiosis Institute of Business Management | 1 year | Rs 83,000 | Graduate in any discipline with minimum 50% in graduation |
Indian Institute of Social Welfare and Business Management Kolkata | 1 year | Rs 90,000 with Rs 5000 additionally to be paid as refundable library deposit. | Graduate in any discipline with minimum 1-year work experience. Selection will be through a personal interview |
Xavier School of Management | 2 years | Rs 16.8 lacs | |
Indian Institute of Management, Kolkata | 2 years | Rs 20 Lacs | At least 50% in graduation along with more than more than 90 percentile in CAT |
IIBM Institute of Business Management | 11 months | Rs 32,000 | Graduate in any discipline with minimum 1-year work experience |
ITM Business School | 2 years | N/A | 50% in graduation with valid. CAT/MAT/ CMAT/XAT/CET/GMAT/ ATMA scores |
Narsee Monjee Institute of Management Studies | 1 year | Rs 7.25 Lakhs | 50% in graduation. Experience of 2 years or more. Appeared for NMAT by GMAC. |
IIBMS Business School | 10 – 24 months | Rs 35,800 | Graduate in any discipline |
Welingkar Institute of Management, Development and Research | 2 years | Rs 11 Lakhs | Graduate with minimum 50% and valid CAT/XAT/CMAT/ATMA/MHCET/ GMAT scores |
NIMT Institute of Management | 2 years | Rs 3 Lakhs | Graduates with minimum 50% in graduation with valid CAT/ XAT/ATMA/ MAT/CMAT- scores |
Indian School of Business | 1 year | Rs 33.34 Lakhs | Graduate in any discipline with valid GMAT/GRE score and 2 years full-time work experience |
IMT Ghaziabad | 2 years | Rs 17.5 Lacs | Graduate in any discipline |
SP Jain Institute of Management | 2 years | Rs 16 Lacs | At least 50% in graduation along with more than more than 85 percentile in CAT |
SIES College of Management Studies | 2 years | 7.2 Lacs | Graduation with at least 50%. |
Requirements for PGDBM
For this course most institutes require-
- Minimum of 50% in graduation
- Valid CAT/ XAT/MAT/CMAT/ATMA/CET /GMAT scores
- Most institutes do not require prior work experience
Scope after Postgraduate Diploma in Business Management
With an over 15% rise in the salaries of management professionals in recent years, there is a constant need for qualified individuals to run business houses and to take them to the next level of success. There is hardly any sector of the economy which does not require qualified management professionals be it the hospitality or the healthcare industry.
Numerous jobs are available in both the public and private sector and students also get recruited by top MNCs both in India and abroad. Hence on successful completion of this course, the sky is the limit to success.