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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.
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.
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.
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. | 28.05 LPA | |
2. | 32.23 LPA | |
3. | 31 LPA | |
4. | 30 LPA | |
5. | 20 LPA | |
6. | 19.27 LPA | |
7. | 18 LPA | |
8. | 33 LPA | |
9. | 26.1 LPA | |
10. | 17.01 LPA | |
11. | 16.51 LPA | |
12. | 16.74 LPA | |
13. | 20.5 LPA | |
14. | 29.1 LPA | |
15. | 14.87 LPA | |
16. | 20 LPA |
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.
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.
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.
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).
Hi aspirant,
You can refer to the link attached above for more information on the same.
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Hi aspirant,
You can refer to the link given above for more information on the same.
All the best!
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