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Is Online PG Diploma & Certificate in Material Management Worth It?
Online PG Diploma in Material Management can be an asset investment made in case of every individual wanting to enhance their skills in areas of supply chain, inventory control, procurement, and managing logistics better. The program is flexible, and thus the student is free to take the program and balance those activities that require their attention. It also prepares learners with the knowledge they need in a business establishment, making them fit in business and in securing jobs in manufacturing, retail, and service industries. There is also the increasing demand for skilled material managers.
The value of the diploma, however, will be that of the institute in terms of credibility, quality of the curriculum, and the compatibility of the skills you learnt with your choice of career. Although it is not likely to have the same value as a full degree, it offers specific training that could lead to improvement of the job level, promotions, or pay increments. In general, the online PG diploma in Material Management can be a good step for those who are interested in practical expertise and career development in the sphere of material management.
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The overall estimate of the online material management diploma is around 65,000 INR to 75,000 INR for domestic candidates & for International candidates, this program costs between $1,800 to $2,000.
Graduates of any discipline can easily get into the online PGDM program of material management. You also need to have SOPs & LORs for the program as some universities demand that. However, you need to get through the specific guidelines of the university that you have chosen for the exact eligibility criteria.
Material management program equips you with the knowledge of strategy developments & their implementations to deal with the challenges of inventories or stores. There is a huge scope of this program in different sectors including Manufacturing, Retail, Logistics, & others.
An online material management diploma provides a plethora of job options in different sectors. The package that you can earn after completion of the program depends on the skill, experience, & knowledge you have apart from the organization that you are associating with. The average annual package after this program is between 4-10 LPA in India.
With the growing sectors of manufacturing, supply chain, & retail, the demand for professionally trained executives in inventory, procurement, and store management has increased tremendously. As per the employability stats of India, there will be 50,000+ job openings in the field on an annual basis. Thus, there is going to be quite a good scope for material managers in the upcoming years. Also, the reported average annual package of the profile is going to see an increase & expected to grow as high as 6.5 LPA.
To get an online diploma in material management, you need to perform well in both internal assessments & external exams as most universities declare their final results based on the cumulative results of both of them. Generally, an average of 50% marks are required to earn an online diploma program in the same specialization.
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