Multifaceted psychological retorts towards one’s job covering cognitive, affective and behavioural modalities is collectively known as “job satisfaction”. Aims and objectives: To study the level of job satisfaction amongst Post Graduate (PG) students at tertiary health care teaching Institute in Central India. Materials and methods: The present study was a cross sectional hospital based study, which included 199 PGs of all faculties of medical field. Results: Out of total 169 PGs, 56 were from 1st year (junior resident I/JRI), 61 were JR II and 52 were JR III. Response rate was 85%. Amongst responses, majority of the participants had low level of satisfaction (43.1%), followed by 72 (42.6%) and 24 (14.2%) for average and high level of satisfaction, respectively. The major factors contributing to the job dissatisfaction were job not according to the interest and abilities, adverse working conditions, less opportunities for development and promotion and decreased autonomy. Conclusion: The high levels of dissatisfaction amongst PGs in our study is alarming sign, which should be taken into account by every medical institute while decision making, because PGs are major component of health care in tertiary health care teaching hospital and it is safe to infer that highly satisfied physician will more likely work to his/her full potential.