Average salary package for PGDM graduates in India
Post-Graduate Diploma in Management (PGDM) is a popular management program offered by various B-schools across India. PGDM graduates are highly sought after by various industries due to their in-depth knowledge and practical exposure to business management. As the demand for management professionals is on the rise, it is essential to know the average salary package for PGDM graduates in India. In this article, we will discuss the same and understand the factors that affect the salary package.
Factors Affecting Salary Package:
Several factors influence the salary package offered to PGDM graduates. The factors are:
Institute Reputation: The reputation of the institute where a student completes their PGDM program plays a crucial role in determining their salary package. Institutes with a good reputation and ranking in the market have better placement records, and thus their graduates get higher salary packages.
Industry: The industry in which the student gets placed after completing their PGDM program also plays a significant role in determining their salary package. Industries such as consulting, finance, and marketing offer higher salary packages compared to others.
Work Experience: Work experience is another essential factor that affects the salary package of a PGDM graduate. Candidates with prior work experience get better salary packages compared to freshers.
Location: The location of the institute and the job location also plays a crucial role in determining the salary package. Metro cities like Mumbai, Delhi, and Bangalore offer higher salary packages compared to other cities.
Average Salary Package for PGDM Graduates:
The average salary package for PGDM graduates in India varies based on the factors mentioned above. According to the placement report of Global Institute of Business Studies (GIBS), Bangalore, the average salary package offered to PGDM graduates in 2021-2022 was Rs. 7.4 lakhs per annum. The highest salary package offered was Rs. 15.5 lakhs per annum, and the lowest was Rs. 6.4 lakhs per annum.
Similarly, according to the placement report of Indian Institute of Management, Bangalore, the average salary package offered to PGDM graduates in 2020 was Rs. 26.18 lakhs per annum. The highest salary package offered was Rs. 55 lakhs per annum, and the lowest was Rs. 16 lakhs per annum.
As mentioned earlier, the salary package offered to PGDM graduates depends on various factors, and the figures mentioned above are just an average. Graduates from top-ranked institutes with prior work experience and placement in industries such as consulting and finance can expect higher salary packages.
Industry-wise Salary Packages:
The salary package offered to PGDM graduates also varies based on the industry they get placed in. Here are the average salary packages offered in some of the popular industries:
Consulting: The consulting industry is known for offering high salary packages to management professionals. The average salary package offered to PGDM graduates in the consulting industry is around Rs. 10-12 lakhs per annum.
Finance: The finance industry is another sector that offers high salary packages to management professionals. The average salary package offered to PGDM graduates in the finance industry is around Rs. 9-10 lakhs per annum.
Marketing: The marketing industry is also known for offering good salary packages to management professionals. The average salary package offered to PGDM graduates in the marketing industry is around Rs. 8-9 lakhs per annum.
Information Technology: The information technology industry is one of the most popular industries for PGDM graduates. The average salary package offered to PGDM graduates in the IT industry is around Rs. 6-7 lakhs per annum.
PGDM graduates are highly sought after by various industries due to their in-depth knowledge and practical exposure to business management. The salary package offered to PGDM graduates depends on several factors such as their institute reputation, industry, work experience, and location. While the average salary package for PGDM graduates in India is around Rs. 6-7 lakhs per annum, graduates from top-ranked business school in India with prior work experience and placement in high-paying industries like consulting and finance can expect much higher salary packages.
It is important to note that while salary is an important factor in career choices, it should not be the only consideration. Other factors like job satisfaction, work-life balance, and growth opportunities should also be taken into account. PGDM graduates should aim for a job that not only offers a good salary but also provides them with an opportunity to grow and learn.
However, graduates from the top B-schools in India like IIMB and XIME, GIBS Bangalore usually earn higher salaries compared to others. If you are planning to pursue PGDM programme in Bangalore, it is essential to choose a reputed B-school to ensure a good placement and a decent salary package.
GIBS Business School: Top PGDM College in Bangalore
GIBS Business School is one of the emerging B-schools in Bangalore, located on the major part of the city. The institute offers a two-year full-time PGDM program, approved by AICTE, which is equivalent to an MBA. The PGDM graduate program at GIBS is designed to provide students with practical knowledge and skills required to excel in the corporate world.
GIBS Business School has a unique pedagogy, which includes experiential learning, case studies, industry visits, and guest lectures by industry experts. The institute also offers a 100% placement assistance to its students, with an average salary package of around 7.4 lakhs per annum. The institute has tie-ups with several reputed companies across different industries, which helps students secure good placements.
Apart from the regular PGDM program, GIBS Business School also offers specialized programs in the areas of Business Analytics, International Business, and Entrepreneurship. These programs are designed to provide students with specialized knowledge and skills required to excel in their respective domains.
GIBS Business School also has a state-of-the-art campus, which is spread across 4 acres of land. The campus is equipped with modern amenities like a library, computer lab, auditorium, cafeteria, and sports facilities. The institute also has a strong faculty team, consisting of experienced academicians and industry experts.
In conclusion, GIBS Business School is a top business school in Bangalore, offering a comprehensive PGDM programs with a unique pedagogy and specialized programs. If you are planning to pursue a career in management and looking for a reputed B-school in Bangalore, GIBS Business School can be a good option to consider.
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