If you are a PGDM graduate or aspiring to pursue a PGDM course, you might be wondering about the career opportunities and scope of this qualification in India. PGDM graduates are in high demand in the job market, as they possess a combination of theoretical and practical expertise, analytical and problem-solving abilities, leadership and communication skills, and a global perspective.
But which industries are the most lucrative and rewarding for PGDM graduates in India? In this blog post, we will explore just that, the job roles and responsibilities they offer, the average salary packages they pay, and the top companies that recruit them. Let’s get started!
What is a PGDM?
PGDM, or Post Graduate Diploma in Management, is a two-year program that equips students with the skills and knowledge required to excel in various management roles in different sectors. Just like an MBA, these postgraduate programs also come in a variety of specialisations, allowing one immense PGDM course scope and flexibility to pursue a high-paying career in a field of their choice.
For more information about this course that offers lucrative management roles in any industry, check out the table below.
|Course Name||Post Graduate Diploma in Management (PGDM)|
|Mode of Examination||Semester System|
|Eligibility Criteria||Graduate in any stream + other optional criteria may include entrance tests, work experience, etc.|
|Common Entrance Exams||CAT, GMAT, CET, CMAT|
|Common Specialisations||International Business, Marketing Management, Operations/ Supply Chain Management, Financial Management, HRM, Business Analytics, PGDM in Business Design and Innovation, etc.|
|Average Fees||INR 3 -12 LPA and above|
|Average Salary||INR 4 -10 LPA|
Let us now check out the top industries that graduates of a PGDM course can get into, without any further ado.
Banking is one of the most popular and sought-after industries for PGDM graduates in India. Banking offers a variety of job roles, such as bank sales officer, probationary officer, executive manager, operations manager, credit analyst, risk manager, treasury manager, etc. These roles involve managing customer relationships, transactions, investments, loans, deposits, assets, liabilities, risks, etc. Banking also offers opportunities for growth and learning, as well as attractive incentives and perks.
The average salary of a PGDM graduate in banking is between INR 3-10 LPA, depending on the experience and position. Some of the top banks that hire PGDM graduates in India are:
- ICICI Bank
- HDFC Bank
- Axis Bank
- Kotak Mahindra Bank
- State Bank of India.
Marketing & Advertisement
Another industry that hires PGDM graduates in India, marketing & advertisement involves creating and executing strategies to promote products, services, brands or causes to potential customers. Marketing & Advertisement requires creativity, innovation, research, analysis, communication, and persuasion skills. Some of the job roles for PGDM graduates in marketing & advertisement are marketing manager, brand manager, product manager, market research analyst, digital marketing manager, social media manager, advertising manager, etc. These roles involve planning and implementing marketing campaigns, conducting market research and analysis, developing and managing brands and products, creating and managing digital and social media platforms, etc.
The average salary of a PGDM graduate in marketing & advertisement is between INR 5-15 LPA, depending on the experience and position. Some of the top companies that hire PGDM graduates in this field are:
- Hindustan Unilever
- Procter & Gamble
This industry involves providing expert advice and solutions to clients on various business problems and opportunities and usually offers PGDM highest package in India. Consulting requires analytical, problem-solving, critical thinking, communication, and presentation skills. Some of the job roles for PGDM graduates in consulting are management consultant, business analyst, strategy consultant, operations consultant, financial consultant, etc. These roles involve conducting analysis on company figures, data, and processes, identifying issues and opportunities, proposing recommendations and solutions, preparing reports and presentations, managing projects and teams, etc.
The average salary of a PGDM placement in consulting is between INR 9-35 LPA. Some of the top companies in this field for graduates of a PGDM course are:
- McKinsey & Company
- The Boston Consulting Group
- Bain & Company
- Deloitte Consulting
- EY LLP Consulting Practice.
Education is another industry that offers PGDM course placement in India and requires subject matter expertise, pedagogical skills, communication skills, and interpersonal skills. Some of the job roles for PGDM graduates in education are professor, trainer, counsellor, etc. These roles involve designing and delivering curriculum and courses, assessing and evaluating students or learners, providing feedback and guidance, conducting research and publishing papers or books, etc.
The average salary of a PGDM graduate in education is between INR 3-10 LPA, depending on the experience and position. Some of the top educational institutions that hire PGDM graduates in India are:
- Indian Institutes of Management (IIMs)
- Indian Institutes of Technology (IITs)
- Indian School of Business (ISB)
- XLRI Jamshedpur
- SP Jain Institute of Management and Research (SPJIMR)
- Universal AI University.
Entertainment & Hospitality
Entertainment & Hospitality is another industry that hires PGDM graduates in India with creativity, innovation, customer service, communication, and management skills. Some of the job roles for PGDM graduates in entertainment & hospitality are event manager, entertainment manager, hotel manager, resort manager, travel manager, etc. These roles involve planning and organizing events, managing entertainment activities, overseeing hotel or resort operations, providing travel services, etc.
The average salary after PGDM in entertainment & hospitality is between INR 4-12 LPA, depending on the experience and position. Some of the top companies in entertainment & hospitality are:
- PVR Cinemas
- Taj Hotels
- Oberoi Hotels.
PGDM career opportunities have a wide range in India, allowing graduates to choose from various industries and sectors that suit their interests, specialisations, skills, and goals. Thus there is no doubt that PGDM is a rewarding and fulfilling qualification that can open many doors for success and growth in the professional world. PGDM graduates are also well-paid and well-respected in the job market, as they have the potential to add value and make a difference to any organization.
- What is the highest PGDM salary in India?
PGDM salaries depend on quite a few factors such as experience, job role, industry, employer, etc. However, it can go as high as INR 25 LPA for a fresh graduate.
- Which PGDM specialization is best in India?
The best PGDM specialisation depends on the students themselves, as a field that captures their interest is likely to make them perform and understand core concepts better, leading to higher-paying jobs.
- What are the opportunity after PGDM?
PGDM graduates can find jobs in almost any field be it education, banking, research, consulting, financial services, technology, etc. The possibilities are practically endless.
- What is the future scope of PGDM?
The future scope of PGDM graduates depends on the field they gain experience. In most cases though, if they work in the corporate world, PGDM graduates can go on to become CXOs, as they rise through the rungs of the corporate ladder.