Careers360 Logo
ask-icon
share
    PGDM Salary in India 2024 for Freshers - Average Salary and Scope

    PGDM Salary in India 2024 for Freshers - Average Salary and Scope

    Team Careers360Updated on 06 Aug 2024, 12:54 PM IST

    The PGDM salary in India has seen a rising trend over the past couple of years. The PGDM salary packages offered to the candidates have touched astonishing figure marks, some being as high as crores. The PGDM salary hikes have made more candidates pursue PGDM courses in highly paying specializations like finance, operations, marketing, and supply chain management. It also has led to new roles within industries like management consulting and product management.

    PGDM Salary in India 2024 for Freshers - Average Salary and Scope
    PGDM Salary in India 2024

    In this article, a brief overview has been given about the PGDM salary, different factors affecting salary after PGDM, and the average salary offered after the PGDM course. Candidates can use it as a reference guide to understand the PGDM salary they might get offered during the placement.

    Factors Affecting PGDM Salary

    PGDM salary is affected by various factors. These factors can be local as well as global. The factors affecting PGDM salaries are discussed briefly below.

    Specialization: PGDM Salary differs as per the specialization of the program. A few specializations like finance and marketing tend to pay more as compared to HR, and others.

    Industry: The type of industry plays a vital role in determining the PGDM Salary. Industries like finance, consulting, and IT offer a higher starting salary.

    Job Role: The particular job role for which a candidate is hired decides what would be the salary package for it. Management and Analyst roles have a higher salary package.

    Individual Performance: The performance of a candidate in the interview or selection rounds decides the PGDM Salary they would be getting upon getting selected for the applied role.

    Job Market: The underlying job market is crucial for the PGDM Salary. A highly demanding job market would enable candidates with high salary packages and vice versa.

    Reputation of the Institute: Candidates from highly reputed institutes like IIMs tend to get paid much higher salaries than other PGDM candidates.

    Average PGDM Salary Offered in India

    The PGDM average salary offered in India at various PGDM colleges is mentioned in the table given below. This way candidates can understand which PGDM college should be on their priority list for doing a PGDM course.

    S No.

    PGDM Colleges

    Average PGDM Starting Salary (INR)

    1.

    IIM Kozhikode

    28.05 LPA

    2.

    IIM Lucknow

    32.23 LPA

    3.

    IIM Mumbai

    31 LPA

    4.

    XLRI Jamshedpur

    30 LPA

    5.

    IIM Raipur

    20 LPA

    6.

    IIM Rohtak

    19.27 LPA

    7.

    IIT Kharagpur

    18 LPA

    8.

    SPJIMR

    33 LPA

    9.

    IIM Shillong

    26.1 LPA

    10.

    IMI Delhi

    17.01 LPA

    11.

    IIM Amritsar

    16.51 LPA

    12.

    IIM Nagpur

    16.74 LPA

    13.

    IIM Tiruchirappalli

    20.5 LPA

    14.

    IIFT

    29.1 LPA

    15.

    Goa Institute of Management

    14.87 LPA

    16.

    MICA Ahmedabad

    20 LPA

    Frequently Asked Questions (FAQs)

    Q: Who is eligible for PGDM?
    A:

    The eligibility criteria for PGDM would vary from one college to another. The general eligibility criteria include having a Bachelor’s degree in any discipline from a recognized university with 50% marks or equivalent CGPA (45% for reserved category candidates).

    Q: Is PGDM a master's degree?
    A:

    PGDM is a graduate diploma in management. PGDM is equivalent to an MBA degree from any university or college in India. It is a recognized program and is offered by top management colleges in India.

    Q: Which PGDM has the highest salary?
    A:

    PGDM specializations like data science and business analytics, digital marketing and e-commerce, supply chain management and logistics, healthcare management, and financial technology (FinTech) have been some of the highest salary-getting PGDM programs.

    Q: What is the starting salary after PGDM?
    A:

    The starting average salary after PGDM can vary anywhere between 7 LPA to as high as 30 LPA. The PGDM salary would depend on different factors like specialization, industry, job market, PGDM institute, job role, and individual performance.

    Articles
    |
    Upcoming Bschool Exams
    Ongoing Dates
    VITBEE Application Date

    31 Oct'25 - 12 Apr'26 (Online)

    Ongoing Dates
    PU MET Application Date

    3 Dec'25 - 28 Mar'26 (Online)

    Certifications By Top Providers
    Online MBA
    Via Jaypee Institute of Information Technology, Noida
    Corporate Law
    Via National Law University, New Delhi
    Strategic Management
    Via Indian Institute of Management Bangalore
    Online BBA
    Via Jaypee Institute of Information Technology, Noida
    Management of Commercial Banking
    Via Indian Institute of Technology Kharagpur
    Management of Inventory Systems
    Via Indian Institute of Technology Kharagpur
    Udemy
     703 courses
    Edx
     467 courses
    Swayam
     236 courses
    Emeritus
     231 courses
    Explore Top Universities Across Globe
    University of Essex, Colchester
    Wivenhoe Park Colchester CO4 3SQ
    Oxford Brookes University, Oxford
    Headington Campus Oxford OX3 0BP UK
    Northumbria University, Newcastle City Campus
    Sutherland Building, Northumberland Road, Newcastle-upon-Tyne, NE1 8ST
    Cardiff Metropolitan University, Cardiff
    Llandaff Campus, Western Avenue, Cardiff, CF5 2YB
    University of Reading, Reading
    Whiteknights PO Box 217 Reading Berkshire RG6 6AH
    Bristol Baptist College, Bristol
    The Promenade, Clifton Down, Bristol BS8 3NJ

    Questions related to CAT

    On Question asked by student community

    Have a question related to CAT ?

    FMS Udaipur admission for 2026 is not open. The MBA 2026 admission will likely commence in May 2026. You can keep checking the official website of FMS.

    Hi admission to the courses offered at CUSAT is based on the CUSAT CAT results, relative performnace of the students and the number of applications for each course. Please check CUSAT CAT cutoff 2025 to know in detail about the cutoff score for Electrical and Electronic branch in previous years.

    Yes, it is possible. If you have received a PI call from IIM Sambalpur with a 75 percentile in CAT, you have a chance to convert the call. However, the final selection will depend on multiple factors such as your personal interview performance, academic record, and overall profile.

    All the