Scope & its career opportunities in PGDM Entrepreneurship Development
In today’s world, we are all aware of the fact where demand in Entrepreneurship development is increasing day by day in business operations in India and across the globe. Entrepreneurship development focuses on understanding the behavioral planning of appropriate business abilities and gives Industrial oriental knowledge.
This is a unique and interesting career option to choose after completion of the PG Diploma. The person who wishes to set up a business on taking the financial risks in the hope of profit and a business venture being one’s own boss to run a business in an effective way can become an “ENTREPRENEUR”.
The PG Diploma in Entrepreneurship Development is planned as an observational learning action that enables scholars to such as research for new products/ ideas, service business plan with calculated resource planning, financial statements, and implementation. Students can get confidence in the features of successful entrepreneurs.
Students also get basic learning of accounting practices and finance. The main focus of the postgraduate diploma in entrepreneurship in India prepares students with the knowledge and skills required to start and continue their own business.
Important skills to start your own business:
1. If you are willing to start your own business make sure you are having these skills.
2. Communication Skills & Problem-Solving skills
3. Self-Confidence & Creativity
4. A better understanding of business and Marketing Economic issues
5. Risk-taking Ability
6 Career Opportunities in PGDM Entrepreneurship Development:
Entrepreneurship is a professional career. The person wishes to start their career in the private sector can have a remarkable amount of job satisfaction. The minimum average salary ranges between INR 3.00 Lakhs to 5.00 Lakhs Per Annum.
6 Major Career Opportunities You need to know:
- Marketing Manager
- Business Consultant
- Financial Analyst
- Business Reporter
- Office Administration
- Accounting / Sales Manager
Here is a brief description of job roles:
1. Marketing Manager:
A Marketing Manager is a traditional role to work in any organization. The purpose of a job leads the communication between the company and the customer/ industry. Sales team estimates, demand products, services or brand using data from marketing research to increase the profit and keeping customers satisfied. As a manager, responsibilities include hiring and training new members into the marketing team. The average salary for this role INR 8.00 Lakhs Per Annum.
2. Business Consultant:
A Business Consultant is a professional role in a specific field. This role is to identify the client’s problems and estimated to work in a dynamic way to solve critical issues of clients and reviewing financial statements and evaluating competitors to analyze business practices and developing new business models and presenting them to clients. The average salary for this role is INR 9.25 Lakhs Per Annum.
3. Financial Analyst:
A Financial Analyst is responsible for financial planning and analysis of a company and validates data from prospective customers to acquire commercial decisions. It is the process of evaluating business processes to analyze the data focused on the income statement, balance sheet, and cash-flow statement. Also, exploring different investment opportunities. The minimum salary for this role is INR 4.5 Lakhs Per Annum.
4. Business Reporter:
A Business Reporter is a professional role in a particular field. It works under the process of creating an analysis of the present happening with the main goal to keep the public updated. Reporters are responsible for delivering updates to develop innovative ideas for writing business news, which gives a unique understanding of how those companies work, ordering supplies and other tasks of running a business. The average salary for this role is INR 3.5 Lakhs Per Annum.
5. Office Administration:
As an Office (or) Business Administrative professional has to perform a variety of tasks on a daily basis. They communicate with relevant agencies to prepare itineraries and to schedule business director and employee events. Interacts with directors and carries out their requests to maintain accurate records of employee holiday requests. The minimum salary for this role is INR 3.00 Lakhs Per Annum.
6. Accounting / Sales manager:
The Accounting Manager role has a responsibility to maintain all the day to day business transactions and responsible for managing the team to ensure the work is properly allocated and completed in an accurate manner. Also, maintain, update and monitor inventory records to ensure timely completion of the audit. A sales manager has a responsibility to have a relationship with customers and respond to their queries in a timely manner. The average salary for this role is INR 6.00 Lakhs Per Annum.