Cooperative Management: Careers, Best Courses, Colleges, Jobs & Salary In 2023
- Naief Khatri
- Updated Date: July 26, 2023
Cooperative management is the process of managing and operating a cooperative business. Cooperatives are businesses that are owned and controlled by their members. They are typically formed to provide goods or services to their members at a fair price.
The goal of cooperative management is to ensure that the cooperative is successful and that its members benefit from its operations. This requires a number of different skills and abilities, including
- Financial management: Finance management is a critical aspect of cooperative management, necessitating the proficiency to oversee the cooperative’s finances, encompassing its revenue, expenditures, and investments.
- Marketing:Â Cooperative managers need to be able to market the cooperative’s products or services to its members and to the general public.
- Human resources management: Cooperative managers need to be able to recruit, train, and manage the cooperative’s employees. Know more about HRM courses, colleges & careers.
- Strategic planning:Â Cooperative managers need to be able to develop and implement a strategic plan for the cooperative.
- Problem solving:Â Cooperative managers need to be able to identify and solve problems that arise in the operation of the cooperative.
Also, Cooperative management plays a pivotal role in the realm of Information Technology Management. Emphasizing teamwork, collaboration, and collective decision-making, co-operative management fosters an environment where individuals come together to achieve common goals within the dynamic field of Information Technology (IT). In addition to these skills, cooperative managers also need to have a strong understanding of the cooperative principles. The cooperative principles are a set of values that guide the operation of cooperatives. They include principles such as member control, democratic member participation, and concern for community.
Cooperative management is a challenging but rewarding career. Cooperative managers have the opportunity to work with a team of dedicated professionals and to make a difference in the lives of others. If you are interested in this career, there are a number of different educational programs available. You can also gain experience by volunteering or working for a cooperative.
Cooperative Management Eligibility Criteria
Entrance examination is required to enroll for cooperative management courses. The exam is followed by group discussion and interview. Humanities graduates tend to have an advantage when applying. A career in the field will require your possess a graduate degree with a minimum of 50% marks.
Cooperative Management Job Prospects
Globalization’s every deepening reach into India’s rural areas is generating a lot of growth, and few careers are as suited to riding this wave as cooperative management careers. Jobs abound in both the public and private sector. Also Check Career in Hotel Management.
Cooperative Management Course Job Opportunities
There are many job opportunities available for graduates of cooperative management courses. Some of the most common jobs include:
- Project Manager:Â Project managers are responsible for the planning, execution, and completion of projects. They typically have a background in project management, but a cooperative management degree can also be helpful.
- Managerial Assistant:Â Managerial assistants provide support to managers in a variety of areas, such as planning, scheduling, and budgeting. They typically have strong organizational and time management skills.
- Production Manager:Â Production managers are responsible for the day-to-day operations of a production facility. They typically have a background in engineering or manufacturing, but a cooperative management degree can also be helpful.
- Divisional Manager:Â Divisional managers are responsible for the management of a division within a larger organization. They typically have a background in business administration or management, but a cooperative management degree can also be helpful.
- Researcher: Researchers in the cooperative sector typically conduct research on topics related to cooperative development, cooperative management, and cooperative economics. They typically have a background in economics, sociology, or agricultural economics. Also check careers in travel & tourism management.
In addition, there are also many other opportunities available for graduates with a diploma in cooperative management jobs. For example, graduates may work in the following areas:
- Cooperative Banking:Â Cooperative banks are financial institutions that are owned and operated by their members. Graduates with a diploma in cooperative management may work in a variety of roles at cooperative banks, such as lending officer, loan officer, or customer service representative.
- Cooperative Development:Â Cooperative development organizations work to promote the development of cooperatives. Graduates with a diploma in cooperative management may work in a variety of roles at cooperative development organizations, such as project manager, trainer, or consultant.
- Government Agencies: Government agencies that regulate or support cooperatives often hire graduates with a diploma in cooperative management. For example, the National Cooperative Business Association (NCBA) is a trade association that represents cooperatives in the United States. NCBA often hires graduates with a diploma in cooperative management to work in a variety of roles, such as policy analyst, government relations specialist, or communications specialist. Also check careers & colleges in sports management.
Cooperative Management Salary
Starting salaries are at about Rs.6000 – Rs.10000. Salary increases with experience.
Cooperative Management Institutes
- Post-Graduate Program in Rural Management (PRM)
Contact Information
Institute of Rural Management,
Anand, Post Box No: 60,
Anand – 388 001, Gujarat
Phone : 0091- 2692 – 260391 / 263260 / 261502
Fax : 0091 – 2692 – 260188
Website : www.irma.ac.in
- Higher Diploma in Co-operative Management (HDCM), Institute of Cooperative Management
Bhopal (under National Council for Co-operative Training (NCCT), New Delhi)
Contact Information
E-8/77, Trilanga Road, Shahpura, Bhopal
Pin-462039 (M.P.)
Phone : (O) 0755-2725477, 2725898
Fax : 0755-2725898
Website : www.icmbpl.nic.in
- Vaikunth Mehta National Institute of Cooperative Management
Pune offers a Post Graduate Diploma in Co-operative Business management (DCBM) which aims at imparting a sense of professionalism in management of Cooperatives and provides an exposure to the cooperatives of modern management concepts and techniques.
Contact Information
National Institute of Co-operative Management
University Road, Pune – 411 007, India
Phone : Office Hrs. 020-25537974-78
Fax : 91-020-25537726
Email : [email protected]
Website : www.vamnicom.org
Check Now: List of MBA Colleges In Mumbai
- Madhusudhan Institute of Co-operative Management
(ICM), Bhubaneswar provides a two year MBA course in cooperative management.
Eligibility : A Bachelor’s degree of three-year duration in any discipline of a recognized University.
Contact Information
Madhusudhan Institute of Co-operative Management (ICM), Bhubaneswar
Unit-VIII, Bhubaneswar-751012
Phone : (0674)2562826, 2564560
Fax : 2562830
Website : www.icmbhubaneswar.nic.in
- MBA in cooperative management, Regional Institute of Cooperative Management Bangalore (RICMB)
Contact Information
67, Padmanabhanagar,
BSK II Stage, Bangalore, Karnataka,
Phone : 26692036/ 26690584
Fax : 26692537
Website : www.ricmbangalore.com
- Higher Diploma in Cooperative Management (26 weeks)
Institute of Cooperative Management, Hengrabari, VIP Road
Guwahati – 781036, Assam
Contact Information
Phone : +91-361-2334881
Fax : +91-361-2334880,
E-mail : [email protected],
Website : www.icmguwahati.gov.in
- Higher Diploma in Cooperative Management, Indira Gandhi Institute of Cooperative Management
Contact Information
Indira Gandhi Institute of Cooperative Management
Block-B, Sector-18, Rajajiuram, Lucknow-226017, U.P.
Phone : 0522-2661820, 2661154(Resi.), 2662357
Fax : 0522-2661154
Email : [email protected]
Website : www.icmlko.up.nic.in
- Xavier Institute of Social Service
Contact Information
Xavier Institute of Social Service
Post Box No. 7, Purulia Road
Ranchi, Jharkhand – 834 001, INDIA
Phone : 0651-2200873,
Fax : 0651-2315381
E-mail: [email protected]
Website : www.xiss.ac.in
Read More: Retail Management: Courses & Colleges
Cooperative Management Institutes in Major Cities
Cooperative Management institutes in Various States
- Andhra Pradesh
- Bihar
- Chattisgarh
- Gujarat
- Haryana
- Himachal Pradesh
- Jammu Kashmir
- Jharkhand
- Karnataka
- Kerala
- Madhya Pradesh
- Maharastra
- Manipur
- Meghalaya
- Orissa
- Pondicherry
- Punjab
- Rajasthan
- Sikkim
- Tamil Nadu
- Uttar Pradesh
- Uttaranchal
- West Bengal
HDC and BM Course Job Opportunities
HDC course job opportunities and BS cooperative management job opportunities: :
The HDC course, or the Higher Diploma in Cooperative Management, is a diploma-level course in cooperative management offered by the State Co-operative Union, Kerala. The course is recognized by the Government of Kerala and the Kerala Public Service Commission (PSC).
The HDC course provides students with the knowledge and skills necessary to work in the cooperative sector. The course covers topics such as cooperative principles, cooperative law, cooperative administration, cooperative finance, and cooperative marketing.
Here are some of the specific job opportunities available to graduates of the HDC course:
- Cooperative officer:Â A cooperative officer is responsible for the day-to-day management of a cooperative society. They may be responsible for financial management, marketing, or human resources.
- Manager of a cooperative society:Â A manager of a cooperative society is responsible for the overall management of the society. They may be responsible for setting strategic goals, managing staff, and ensuring that the society complies with regulations.
- Assistant registrar of cooperative societies:Â An assistant registrar of cooperative societies is responsible for registering and monitoring cooperative societies. They may also be responsible for providing training and support to cooperative societies.
- Training officer:Â A training officer is responsible for developing and delivering training programs for cooperative employees. They may also be responsible for conducting research on cooperative management.
- Public relations officer:Â A public relations officer is responsible for promoting the image of cooperative societies to the public. They may also be responsible for communicating with government officials and other stakeholders.
- Marketing officer:Â A marketing officer is responsible for developing and implementing marketing strategies for cooperative societies. They may also be responsible for managing the sales team.
- Financial analyst:Â A financial analyst is responsible for analyzing the financial performance of cooperative societies. They may also be responsible for developing financial models and projections.
- Accountant:Â An accountant is responsible for maintaining the financial records of cooperative societies. They may also be responsible for preparing financial reports and managing the budget.
The job opportunities for graduates of the HDC course are growing. The cooperative sector is expanding, and there is a demand for qualified professionals to manage and work in these organizations.
Here are some of the steps you can take to increase your chances of getting job opportunities after HDC course completion:
- Get involved in cooperative activities:Â Get involved in cooperative activities, such as volunteering for a cooperative society or participating in cooperative training programs. This will give you the opportunity to gain experience and network with people in the cooperative sector.
- Develop your skills:Â Develop your skills in areas such as financial management, marketing, and human resources. These skills will be valuable in the cooperative sector.
- Get certified:Â Get certified in cooperative management. This will demonstrate your knowledge and skills to potential employers.
- Network with people in the cooperative sector:Â Network with people in the cooperative sector. This will help you learn about job opportunities and build relationships with potential employers.
BM course job opportunities :
The BM course, or the Bachelor of Management, is a bachelor’s degree in business administration offered by many colleges and universities in India. The course covers topics such as accounting, finance, marketing, human resources, and operations management.
Here are some of the specific job opportunities available to graduates of the BM course:
- Business analyst:Â A business analyst is responsible for understanding the needs of a business and developing solutions to improve its performance. They may be responsible for conducting research, developing reports, and making recommendations.
- Financial analyst:Â A financial analyst is responsible for analyzing the financial performance of a business. They may be responsible for preparing financial reports, forecasting future financial performance, and making recommendations for improving financial performance.
- Marketing manager: A marketing manager is responsible for developing and executing marketing strategies for a business. They may be responsible for developing marketing plans, managing marketing campaigns, and tracking marketing performance. Also check about marketing management careers and colleges.
- Human resources manager:Â A human resources manager is responsible for managing the human resources function of a business. They may be responsible for recruiting and hiring employees, developing training programs, and managing employee relations.
- Operations manager:Â An operations manager is responsible for managing the operations of a business. They may be responsible for planning and scheduling production, managing inventory, and ensuring that operations meet quality standards.
- Project manager:Â A project manager is responsible for planning, organizing, and executing projects. They may be responsible for setting project goals, developing project plans, and managing project resources.
- Consultant:Â A consultant is a professional who provides advice and guidance to businesses. They may be responsible for conducting research, developing reports, and making recommendations.
HDC Course Job Salary
The salary for an HDC course job varies depending on the position, experience, and location. However, according to Indeed.com, the average salary for an HDC course job in India is ₹25,000 per month.
Here is a breakdown of the average salary for some of the most common job titles for graduates of the HDC course:
- Cooperative officer: ₹20,000 – ₹30,000 per month
- Manager of a cooperative society: ₹25,000 – ₹40,000 per month
- Assistant registrar of cooperative societies: ₹20,000 – ₹35,000 per month
- Training officer: ₹15,000 – ₹25,000 per month
- Public relations officer: ₹15,000 – ₹25,000 per month
- Marketing officer: ₹20,000 – ₹35,000 per month
- Financial analyst: ₹25,000 – ₹40,000 per month
- Accountant: ₹15,000 – ₹25,000 per month
FAQS
A cooperative management course is a program of study that teaches the principles and practices of cooperative management. Cooperatives are businesses that are owned and controlled by their members. They are typically formed to provide goods or services to their members at a fair price.
Here are some of the places where you can work with a diploma in cooperative management:
- Cooperative societies:Â Cooperative societies are businesses that are owned and controlled by their members. They are typically formed to provide goods or services to their members at a fair price. With a diploma in cooperative management, you can work as a cooperative officer, manager, or assistant registrar.
- Government agencies:Â Government agencies often work with cooperative societies to provide services to their members. With a diploma in cooperative management, you can work as a policy advisor, regulator, or researcher.
- Non-profit organizations:Â Non-profit organizations often work with cooperative societies to promote social and economic development. With a diploma in cooperative management, you can work as a project manager, fundraiser, or trainer.
- Private sector companies:Â Some private sector companies have cooperative divisions or subsidiaries. With a diploma in cooperative management, you can work as a marketing manager, financial analyst, or human resources manager.
A Bachelor of Science in Cooperative Management (BS in CM) is a four-year undergraduate degree program that provides students with the knowledge and skills necessary to manage and work in cooperative businesses. The program typically covers topics such as cooperative principles, cooperative law, cooperative finance, cooperative marketing, and cooperative human resources management.
Common examples of cooperatives include agricultural cooperatives, electric cooperatives, retail cooperatives, housing cooperatives and credit unions.
- Voluntary & Open Membership.
- Democratic Member Control.
- Members’ Economic Participation.
- Autonomy & Independence.
- Education, Training and Information.
- Cooperation among Cooperatives.
- Concern for Community.
MBA salary in India ranges from INR 7,00,000 to INR 12,00,000 per year for various MBA programmes. The average MBA salary in India in 2021, according to payscale, was INR 7,71,801. MBA is the one of the most well-paid postgraduate courses. Also Read: Best MBA Specializations with high paying jobs in India.
Cooperative management is an effective and purposeful relationship between management in the meaning of cooperation between individual, relatively independent organisations or individual with the aim to increase their competitiveness.
Article Updates:
26/07/2023: General Update
26/07/2023: Interlinking
26/07/2023: FAQS Update
26/07/2023: Infographic Update
