PGDM(MBA) from VJIM is one of India’s most sought-after educational courses. The PGDM certification from VJIM can give you phenomenal career growth, a high package, and a good job profile. However, many students have apprehensions about the PGDM fees with respect to the package they will get after completion of PGDM.
Rightfully so, one of the critical criteria for choosing a management college is placement packages. However, many people only look for the highest salary, whereas more attention needs to be paid to another more critical aspect: the Median salary. In this article, we will shed some light on Median Salary and how it can be used by considering a management college or while calculating the ROI. Subsequently, will also share with you the ROIs of doing your PGDM course from VJIM.
What Is Median Salary
The median salary is midway through all salaries for a particular sector. Half the people in a particular field could be earning more than the median salary, and the other half could be earning less. It takes into consideration the entire salary pool and cuts it in half, and the median salary is the middle point of the data.
The median salary is a significant figure as it helps in short-listing job opportunities, interviews and selecting colleges. The median salary helps to decide the remuneration for roles prevailing as per the industry standards.
How To Calculate Median Salary
Calculating the median salary is a simple process. The first step is to list each salary in the particular career field from the lowest to the highest. The median is the salary amount in the middle of all the individual wages.
If the number of salaries is odd, in that case, the median wage is the salary figure in the middle of the list. If the number of salaries is even, then add the middle two salary figures and divide the sum by two to determine the median salary.
Why Median Salary Is Important
A median salary can give you a general idea of what to expect from a sector. It gives you an understanding of estimating your earning potential.
Alongside this, it is crucial to always check the median salary as opposed to the highest salary. The highest salary could be about only one individual, unlike the median salary, which considers the whole.
The ROI OF a PGDM Degree With VJIM
Alumni Network
While pursuing your PGDM from VJIM, you get direct access to the active inner circle of 3000+ Alumni. The VJIM alum base group is engaging and receptive. An exclusive alum club can help you tap into the various opportunities, with jobs being the most obvious and relevant ones, especially in the early stages of your career.
An Alumni network is one of the most intangible yet significant ROI of your management course.
Fees Of VJIM vs Median Salary
Students can efficiently calculate the ROI of PGDM by comparing the fees of the PGDM course alongside the median salary. Usually, students tend to only look at the highest salary offered and omit the median salary parameter, which is highly important as there could be a massive gap in the median salary vs the highest salary.
Fees for a two-year VJIM PGDM program accredited by AICTE, NBA, SAQs and the Association Of Indian Universities is 7.5 lacs, whereas the median salary offered at VJIM is 6 Lacs. The amount that the students invest in the B-school can be easily recovered during their initial job years.
Social Skills Development
Just like the tangible ROIs we calculate, the intangible ones are equally important. At VJIM, students are encouraged to participate in the clubs and committees the institute organizes. The main purpose of the management institute is to help students build on their social skills and be enterprising and innovative in the thought process. VJIM gives a fair chance for everyone to hone their skills and display their competencies.
List Of Clubs And Committees At VJIM
Clubs at VJIM:
- Finance
- Marketing
- HR
- Operations
- Analytics
- Cultural
- Music
- Debate
- Social Outreach
- VJIMIANS Unheard Voices
- Theatrical
- Book
- Toast Masters
Committees at VJIM:
- Entrepreneurship
- Sports
- Training and CVS
- Alumni
- Public Relations
- Placement
- Admissions
- Hostel
Practical Exposure
Another intangible benefit on the list is practical exposure. Today, competency is necessary to perform any task. Competency is built with a well-crafted curriculum and hands-on experience. The VJIM PGDM course is dynamic and up-to-date with the needs of the business and management world. The award-winning program structure is designed to train students for business and management roles of high calibre. It has a cutting-edge, industry-relevant curriculum that sorts students’ academic knowledge. Talking about practical exposure, VJIM organizes seminars, guest lectures, international conferences, industrial visits, corporate internship programs, corporate mentoring etc. Alongside, many sections are dedicated to self-learning, confidence-boosting activities and overall personality grooming at VJIM.
Recruiting Partners
With a reputed institute such as VJIM, you can be assured of recruitment, as VJIM provides 100% job assistance and has over 100+ recruiting partners. The VJIM placement record for 2022 was 90% and had been topping the charts of various surveys as one of the best B-schools.
Located In Hyderabad
With the evolution of the IT Hub called Cyberabad, Hyderabad is the global centre of IT. IT exports rose from Rs 57,000 crore to Rs 1.83 Lakh crore in the last eight years in Telangana. These companies work as a driving force for Hyderabad’s growth.
According to a survey by Indeed, Hyderabad is one of the top choices for job opportunities.
As most multinational companies are in Hyderabad, they prefer to hire from Hyderabad, and Vignana Jyothi Business School is located in Hyderabad!
Final Words
Sharing with you a few more facts about VJIM. VJIM was founded in 1993 and is a top B-school located in Hyderabad. Below is the list of rankings and placement details for VJIM for 2022.
Rankings
33 Overall Top 150 B-Schools
22 Overall Top 100 Private Institutes
8 Top 20 South B-Schools
The WEEK
66 South India – 22nd
4 in Hyderabad
Outlook -2022
34 Top Private MBA Institutions-Overall
12 Top Private B-schools -South zone
2 Top in Telangana
Placements For 2020-22
100+ Recruiting Partners
150+ Job Offers
90% Placement Record
PGDM at VJIM is approved by AICTE, accredited by the National Board of Accreditation (NBA) and the South Asian Quality Assurance System (SAQS). PGDM syllabus at VJIM indulges in research and development and has a cutting-edge curriculum, industry internship, international exposure and much more.
Admissions are now open at VIJM; candidates can now apply with CAT and MAT scores.