Understanding PGPM Placements at Great Lakes: Myths vs. Reality
Understanding PGPM Placements at Great Lakes: Myths vs. Reality
Great Lakes Institute of Management's Post Graduate Program in Management (PGPM) is renowned for its robust placement record. However, the perception of PGPM placements is often clouded by misconceptions. This article aims to provide an in-depth analysis of PGPM placements based on historical data and current trends, debunking myths and offering a realistic perspective.
Key Points on PGPM Placements
Placement Rate:
Historically, Great Lakes has reported impressive placement rates, frequently exceeding 90%. These rates are influenced by various factors, including market conditions, industry demand, and student profiles.Average Salary:
The average salary for PGPM graduates ranges from INR 10-12 lakhs per annum. This figure can vary based on the batch and current industry trends.Top Recruiters
A diverse array of companies from various sectors, including consulting, IT, finance, and consumer goods, have recruited from Great Lakes. Prominent recruiters include brands like Deloitte, Accenture, Amazon, and Infosys.
Industry Trends
Graduates from PGPM are often placed in roles across sectors such as IT, consulting, and finance. There is a growing interest in sectors related to e-commerce, analytics, and data products.
Alumni Network
The strong alumni network can provide mentorship and job opportunities, contributing to the overall placement success.
Criticism and Debunking Myths
There are several misconceptions surrounding PGPM placements. Let's address some of the common myths:
Myth 1: PGPM is Only for Engineers and Females
While PGPM does attract a significant number of engineering graduates and females, the program is open to all individuals who meet the academic criteria. PGPM is not exclusive and does offer job opportunities to non-engineering male graduates. The claim that non-technical, non-IT background students will only find below-average jobs at startups is a misrepresentation.
Myth 2: PGPM is Costly Without Any Return on Investment
The fee for PGPM is around INR 21 lakhs. However, with a high placement rate, competitive salaries, and the support of a strong alumni network, many students find the investment worthwhile. If a student receives a below-average job, this is more of an individual circumstance rather than a program-wide issue.
Myth 3: Limited Job Opportunities Compared to PGDM
Unlike PGPM, PGDM is a two-year program and often offers a wider range of job opportunities. However, PGPM has expanded its focus on sectors like AI, ML, analytics, and data products, providing students with diverse career paths. It is not accurate to say that PGPM lacks variety in job opportunities.
Accreditation and Reputation
AICTE, the regulatory body, does not consider PGPM as equivalent to MBA. However, many top institutions like Great Lakes have secured foreign accreditations such as AMBA, Equis, and QA. These accreditations are recognition of the quality of education and research.
Importance of Verifying Placement Records
Some institutions may show impressive placement records that are often exaggerated or obtained through other means. For example, a sales job in a dealership may be falsely reported as a prestigious placement in a technology company.
Conclusion
PGPM at Great Lakes Instiute of Management offers strong placement opportunities with a high rate and competitive salaries. It is open to a wide range of candidates and provides diverse career paths in sectors such as IT, consulting, and analytics. It is crucial for students and prospective candidates to conduct thorough research and verify placement records to make well-informed decisions.