Postgraduate Diploma in Management - Careers, Salary, Jobs, Scope
Postgraduate Diploma in Management: Brief Summary
Course Name | Postgraduate Diploma in Management |
Also known as | PGDM |
Duration | 2 years |
Level -Degree/Diploma | Diploma |
Mode | Full Time/Part-time |
Eligibility | Graduation with at least 45-50% |
Expected fee | Rs 2,00,000- Rs 12,00,000 |
Average Starting Salary | Rs 30,000-Rs 1,50,000 p.m |
Admission Process | The candidate should have a full-time Bachelor’s degree for at least 3 years. Some institutes prefer aggregate of at least 50%. |
Tests Accepted | CAT/CMAT/MAT/ GMAT/ATMA/MH-CET |
Top recruiting companies | ICICI Bank Ltd, HDFC, Axis Bank, Karur Vysya Bank, Bank of Baroda, Andhra Bank, Canara Bank |
Why Postgraduate Diploma in Management (PGDM)?
Postgraduate Diploma in Management (PGDM) is a management course at the postgraduate level which is similar to a Masters in Business Administration Degree. A PG Diploma course in management is beneficial because of its industry-oriented parameters on which it functions. The curriculum of this course keeps adapting to the latest requirements at the management work sector.
This specialization trains students to become a business manager, management trainee, finance executive and a number of other lucrative fields in public and manufacturing sector, research organizations, entrepreneurial and consulting sectors.
The PG Diploma in Management course teaches special skills to students such as organizational behavior, business communication, financial management, marketing management, human resource management, soft skills and different industry-friendly training.
The fee for PGDM program ranges from Rs 4 – 21 lakhs and few of the renowned management colleges offering this course are as follows-
- Xavier School of Management (XLRI), Jamshedpur
- Indian Institute of Management (IIM)
- Institute of Management Technology, Ghaziabad
- Symbiosis Institute of Business Management, Pune
- ICFAI Business School, Hyderabad
- Indian School of Business, Hyderabad
- JK Business School, Gurgaon
- NMIMS, Mumbai
- Lovely Professional University, Jalandhar
- Management Development Institute (MDI), Gurgaon
A management employee is mostly involved in indoor jobs with 9-5 work time but it depends on the post and experience of the person which is responsible for the type of job assigned to him. It certainly involves travelling and interaction with the relevant crowd.
Jobs and Careers Opportunities for PGDM
Graduates with the PG Diploma in Management can work in private, public and government sectors depending on the specialization they opt for in management. For instance, a post graduate diploma student from the Production and Operations Management stream will have access to a paid role as Public Relations Officer or Retailing Manager.
Based on different streams in the PGDM Program here are few jobs which is available for management sector aspirants-
- Retailing Manager
- Investment Fund Manager
- Sale and Purchase Manager
- Publisher
- Public Relations Officer
- Hotel and Catering Manager
- Advertising Manager
- Human Resource Manager
- Program Manager
- Chief Executive
Below is a detailed description of some of the popular job roles–
Retail Managers
Retail Managers recruit and train the staff to manage the finance section of the company which involves stock market review, customer relations, marketing, and promotional work.
Employed mostly by departmental stores and other capitalist structures like Reliance Fresh, Twenty Four Seven, Walmart, Starbucks, Fab India etc. The average salary amounts to Rs 3.6 lakh per annum.
Investment Fund Managers
Investment Fund Managers mostly have a public role to play involving genial communication with firms and corporate sector clients. Their job is to persuade people to purchase shares and stocks and invest the money at the correct place in the correct time.
They are usually employed by banks and financing institutions like American Express, Deutsche Bank, Life Insurance Corporation of India, HDFC Mutual Fund etc. The pay goes up to Rs 2.20 crore per annum.
Publishers
Publishers are usually engaged in the production, dissemination and distribution of written- digital or printed material.
This venture can be entrepreneurial, i.e. self made or working with a publishing firm such as Random House, Harper Collins Publications, Macmillan publication etc. The average salary of a publisher ranges from Rs 6.0 lakh per annum to Rs 10.2 lakh per annum.
Human Resource Manager
Human Resource Manager’s role depends upon his or her communication and observational skills. They are expected to recruit suitable employees for the organization they work for according to the skills needed to be employed at the moment.
They also have to maintain a contention free environment at the office by channeling information from heads to subordinates and vice versa and guide the assistant HR managers to work well.
Nowadays almost all companies need HR managers to facilitate a smooth flow of the best skills in their organizations for instance media, corporations, technical sectors such as Convergys, Infosys, Wipro, British Council, Network 18 etc.
The average salary for an HR manager is Rs 2.4 lakh to Rs 15.0 lakh per annum.
Chief Executive
Chief Executive is responsible for the execution of policies and procedures as decided or suggested by the Board of Directors in a business organization. In some cases, there are no directors and the chief executive implements plans in his own.
The key roles of the CEO are advising the board members, update them with the latest requirements, form policies and discuss it with them, implementation of plans and shuffling of the board.
The average salary varies depending upon the profits amassed by the company and experience of the person, it’s mostly between Rs 4.9 lakh per annum to Rs 11.9 lakh per annum.
Postgraduate Diploma in Management: Salary
Students can earn an average pay of Rs 6.0-13.2 lakh per annum. The highest package goes up to Rs 4.6 million per annum.
The salary of fresher is around 2.5-4.5 Lakh depending on the college and company. The data below shows how much can a PGDM graduate expect throughout their career-
Experience | Average salary | Highest salary |
Fresher | Rs 3.6 lakh per annum | 5 lakh per annum |
2 years – 5 years | Rs 5.2 lakh per annum | Rs 7.5 lakh per annum |
More than 7 years | Rs 8 Lakhs | 40 Lakhs |
New companies are springing up with a growing demand of HR managers and IT managers to speed up the success rate through their contribution.
Postgraduate Diploma in Management: Recruiters
A graduate with PG Diploma in Management does not face dearth of jobs. There is a multitude of opportunity in the three major employment sectors, namely-government, private and public.
Besides this, a management diploma holder can pursue his personal dreams by becoming an entrepreneur of an innovative start-up. The top recruiters from this field are the following-
- Tech Mahindra
- Wipro
- Ministry of Tourism
- IBM Consultancy
- Wipro
- Genpact
- HDFC Bank
- Royal Bank of Scotland
- Ministry of Commerce and Industry
Specialisations offered
An aspirant of the Post Graduate Diploma in Management can pursue different it in different streams as per their inclination and demand of contemporary industrial work. Here are some of the popular specialisations available for students of PGDM, to pursue-
- Postgraduate Diploma in Human Resource Management, which prepares students to be Assistant HR managers or HR managers which follows recruitment of new employees and manage staff relations.
- Post Graduate Diploma in Operations where students become Back Office Operators, Supply Chain Managers, Logistics Manager, Inventory Manager, Quality Control Officer Etc. This one expects the employees to be well versed with technology and management of the staff in checking the quality of products and improvising resourceful strategies for import and export of products.
- Post Graduate Diploma in Finance is a popular specialisation, since the world runs on capitalist ethos. As a Finance Executive, Investment Fund Managers, Financial Advisor, Bank Manager, Research Analyst or a Tax Consultant which involves advising clients, formulation of policies and analyzing work.
- Post Graduate Diploma in Marketing can become Retail Managers, Brand Managers, Sales managers, Media Planners, Marketing Manager Etc. The job revolves around devising techniques to popularize a product or organisation through various mass communication modes.
Apart from these a PG Diploma in Business Administration, IT Management, Customer Relationship Management, Export and Import Management, Supply and Chain Management are available as well with equal degree of professional benefits.
Postgraduate Diploma in Management: Syllabus
The syllabus of PGDM courses varies on the basis of streams opted by the students. For instance, the syllabus of PG Diploma in Human Resource Management would include all these-
- Group and Organisational Dynamics
- Information Systems For managers
- Legal Environment in Business
- Business Ethics
- Economics of Business
- Corporate Finance
- International Human Resource Management and Cross-Cultural Management
- Employee Relations
- Labour Laws
- Managerial Communication
- Social Entrepreneurship
- Human Resource for New Age Organisations
Popular Colleges offering Postgraduate Diploma in Management (PGDM)
A lot of colleges are offering PG Diploma courses in different management streams in India. The table below shall represent an overview of popular PG Diploma in Management colleges with a focus on particular streams and how to get there-
College | Eligibility | Average Salary | Fee |
Symbiosis Institute of Business Management, Pune |
|
Rs 16.23 lakh per annum | Rs 20,50,000 |
Indian Institute of Management, Bangalore | Entrance exam CAT, PI and pass percentage in 10th and 12th | Rs 22.76 lakh per annum | Rs 18.70 lakh |
Xavier School of Management, Jamshedpur | Graduation degree, XAT/GMAT entrance | Rs 18.5 lakh per annum | Rs 16.8 lakh |
Prince LN Welingkar Institute of Management Development and Research |
|
Rs 8 lakh per annum | Rs 11.50 lakh |
International Management Institute, Delhi |
|
Rs 11.86 lakh per annum | Rs 15.4 lakh |
ITM Group of Institutions |
|
N/A | Rs 8.9 lakh |
Some other institutes offering this course-
- IIM Kolkata
- Fore School of Management
- Loyola Institute of Business Administration
- Institute of Financial Management and Research
Requirements for PGDM
Students aspiring to be a part of the Management world with the Postgraduate Diploma course in Management should know the general eligibility criteria which is as follows-
- Schooling with matriculation and intermediate levels.
- Graduation degree in any relevant stream from recognized a university with 50% marks.
- CAT/XAT/MAT/GMAT/ATMA/ – any of these entrance exams.
Scope after Postgraduate Diploma in Management
In today’s globalized world, the rapid transformations in all sectors require skilled employees in management from different streams emerging with the collision of different fields. Hence, the Post Graduate Diploma in Management course is popular among students and working individuals.
Being a diploma course its syllabus is updated regularly according to the latest trends in industrial work, which is difficult for an MBA Program, which is theoretical.
Marketing, Human Resource, and Finance sector coalesce with the contemporary changes on the horizon. These are evergreen areas of job growth.
Due to the emergence of new researches and ideas, PGDM courses have evolved in areas such as International Business which comes under the government sector, Apparel Management, Rural Management, Public Policy Management, International Marketing, etc.
PGDM Specialisations are being offered in market-friendly streams and students can rest assured it’s a promising sphere for professional advancement in India and abroad.