About the Course
PGDM
in Finance is a two-year postgraduate course that deals with developing
financial management skills in disciplines such as working capital
management and knowledge of international finance. Upon completing the PGDM Finance course,
students can become Finance Managers, Investment Bankers, Financial Advisors,
Financial Planners, Equity Analysts, and Bankers.
The
admissions to PGDM in Finance are done based on the entrance exams held. These
front checks can be national-stage, country stage or maybe institute-specific.
The top colleges offering this course are IIM Ahmedabad, IIM Lucknow, XLRI,
NMIMS, etc. and the average course fees range between INR 50,000-3,00,000.
The
PGDM Finance program covers subjects such as accounting systems, financial
markets, taxation, financial management, and investment management to name a
few. The course provides the theoretical framework and analytical methods
required for effective corporate management with a focus on finance. Upon
graduation, PGDM practice areas will include financial management, financial
planning, financial analysis, investment banking, and stock analysis.
Upon successful completion of the course, the student can pursue a variety of careers such as CFO, investment banker, financial advisor, financial planner, equity analyst, and banker. Applicants can also use it for a Ph.D. choice in a related field after completing this course.
Course
Highlights
Here is a brief overview of the most important PGDM events in the financial sector. The information below gives you an overview of what to expect from the course. Below you will also find more detailed information on the course.
Particulars | Value |
Course Name | Postgraduate Diploma in Management in Finance |
Course Level | PG Diploma |
Course Duration | 2 Years |
Examination type | Semester based |
Eligibility criteria | Bachelor's Degree in any discipline with a minimum aggregate of 60% |
Admission Process | Entrance Exam and Merit-Based |
A similar option for the Study | MBA Finance |
Employment Area | Banking & Insurance |
Average Annual Fees | INR 1,00,000-20,00,000 |
Average Annual Salary | INR 2,00,000-15,00,000 |
Job Profiles | Bank Officer, Bank Manager, Financial Planner, Treasurer, Admin Manager, Associate Professor, Finance Manager, Private Banker, Portfolio Manager, Business Analyst, Budget Analyst, Market Advisor, Investment Banker, and Financial Advisor. |
Top Recruiters | Research and Educational Institutes, AIG, Boeing, Banks, Philips, JP Morgan Chase, McKinsey, SBI, Barclays, AIG, Deutsche Bank |
Why
Study PGDM in Finance?
Before
you choose PGDM in finance, you must ask yourself why? There should be good
reasons to invest time and money in this degree because it is the degree that
will determine your career and your future. Here are some reasons why PGDM in
Finance is the right course for you.
(1).
Switching Jobs
The
advantage of the finance industry is that there is a lot of competition, and
there are many big players. So, you will have many employment opportunities and
offers to switch jobs at higher pay.
(2).
High Salaries
Since
this course is all about money, you can rest assured that you can score a high
salary with excellent benefits. Of course, this all depends on which company
you get a job in, and your negotiation skills, but with a PGDM in finance
degree, you are already poised to make a good living.
(3).
Careers Scope
The
career scope in the finance industry is immense. It is one of the most
important industries in the world. Therefore, once you are a part of this
industry, your career will be on the fast track.
(4).
Ever-Growing Industry
The
finance industry is growing all over the world, especially in a country like
India. This means there will be positive growth for the longest time. Ups &
downs happen, but the market recovers quickly. The finance industry is also
well-moderated, making it safe.
(5).
Many Professions
In finance, there is no dearth of different professions you can follow. During the course, you can discover which field interests you the most and you can choose to make a career in the field.
(2).
Admission Process
Students
can apply for PGDM in Finance admissions, both online and offline. Online
applications involve students visiting the college’s official website and
uploading all the documents to the portal. For offline applications, students
should visit the admission office of the PGDM Finance colleges and hand over
the documents in person.
Types
of PGDM Finance Courses
When
it comes to the types of PGDM finance courses, there are several options for
students. Students can choose to take PGDM Finance as a full-time or part-time
course or choose PGDM Finance as a distance learning program.
(1).
Distance
PGDM
in Finance Distance Learning course is designed for students, focusing on the
distance learning methodology. Students who cannot afford to attend the
full-time or part-time courses may opt for the Distance PGDM in Finance course.
All course materials and lectures are available to students in an online repository
where they can take lessons at their convenience. Furthermore, students
will have to attempt the semester exams online.
(2).
Online
Online
courses in the areas of interest of PGDM in Finance can be found online. These
courses help in skill gradation and enhance the employability of the
candidates.
(3).
Full-Time
The
full-time PGDM course is for those aspirants who can afford to take a break
from their work to study on-campus, full-time. The minimum required work
experience for this course is 2 years, and the average fees are in the range of
INR 6,00,000-12,00,000.
(4).
Part-Time
The part-time PGDM course is for aspirants who wish to work and study simultaneously. The course may extend beyond 2 years, as the provisions may require students to attend weekend or evening classes. Like the full-time course, the minimum work experience required for the course is 2 years, and the average fees range from INE 3,00,000-8,00,000.
Eligibility
Criteria
The
candidates aspiring to pursue PGDM in Finance must keep in mind the eligibility
criteria; which are given below:
Admission
Process
Admission
to the PGDM in Finance course varies depending on the institution. Mostly the
admissions are done based on entrance exams only. The modes of admission are
given below:
(i). The
candidates are chosen based on their performance in the entrance exam held and
are promoted to the next round of selection.
(ii). The short-indexed applicants can also be required to wait for an interview so
that they can be admitted to this course.
Accepted
Entrance Exams
If choosing to pursue a PGDM in Finance in India, students must ensure they pass the required entrance exam. Entrance exams can be administered at the national, state, or university level. These exams are an essential part of the hiring process. The following list contains some of the most popular PGDM financial entrance exams that students must pass to be admitted to the course:
NMAT | CAT |
XAT | MAT |
CMAT | ATMA |
GMAT |
Skills
Required
The skills in the field of finance are vast and also need professionals to have these skills to grow in the field.
Creative thinking | Financial Reporting | Problem-solving |
Mathematical ability | Interpersonal Skills | Interpersonal skills |
Management Experience | Analytical Ability | Good communication Skills |
Work Under Pressure | Decision-making skill | Time Management |
Team Spirit | Entrepreneurial Skills | Analytical Skills |
Leadership Quality | Attention To Detail | Negotiation Skills |
Technical Knowledge in the respective field | Soft Skills | Strategic Thinking |
Networking Ability |
Fee
Structure
The fee structure for a PGDM Finance course is not fixed and will vary depending on factors such as location, faculty, and institutional settings. The average tuition fee at a private institution for a PGDM course in Finance is around INR 1,00,000-20,000,000 PA. Below are the PGDM fees in finance in India:
Name of College | Average Annual Fee(INR) |
Great Lakes Institute of Management | INR 11,91,000 |
Indian Institute of Management | INR 13,80,000 |
Indian Institute of Management | INR 6,75,000 |
NITIE | INR 9,40,000 |
SPJIMR | INR 5,85,000 |
Selection
Criteria
The
PGDM selection process in finance is based on the admission criteria and the
results of the entrance exams. Based on the results of the entrance examination
in connection with the results of the diploma examinations and other
examinations, the universities publish a nationwide ranking according to which
applicants can be admitted to the course.
(3).
Course Comparison
PGDM
in Finance v/s MBA Finance
PGDM in Finance direction is a completely specific direction in phrases of employment possibilities and additionally, college students get to research loads of factors from it. Given is the distinction between the 2 courses PGDM in Finance and MBA Finance course:
Parameters | PGDM in Finance | MBA Finance |
Course Name | Postgraduate Diploma in Finance | Masters of Business Administration in Finance |
Course Overview | PGDM in Finance is a two-year postgraduate course that deals with developing financial management skills in disciplines such as working capital management and knowledge of international finance. Upon completing the PGDM Finance course, students can become Finance Managers, Investment Bankers, Financial Advisors, Financial Planners, Equity Analysts, and Bankers. | MBA in Finance is a postgraduate program that is concerned with the management of accounts and finances of a company for them to achieve certain financial objectives. The program prepares students with in-depth knowledge of pricing, assets management, risk management, financial planning, etc. |
Course Duration | 2 years | 2 years |
Eligibility Criteria | Bachelor's Degree in any discipline with a minimum aggregate of 60% | 50% marks in bachelor's degree |
Course Stream | Management | Management |
Average Annual Fees | INR 1,00,000-20,00,000 | INR 1,10,000-7,00,000 |
Average Annual Salary | INR 2,00,000-15,00,000 | INR 5,00,000 - 20,00,000 |
Entrance Exams | CAT, MAT, XAT. GMAT, CMAT | CAT, MAT, GMAT, XAT |
Top Colleges | Bangalore University, IIKM Business School | IMT Nagpur, NIILM Delhi |
(4).
Top College
India has some of the best B-level schools offering PGDM finance courses. The PGDM Finance course in India is certified by AICTE and prepares students for a lucrative career in financial management. There are many PGDM finance colleges across the country for students to enroll in. These colleges are designed to give students access to all the necessary infrastructure, faculty, and facilities they need to study subjects in depth and detail. Below are the Best Finance PGDM Colleges in India for Students to Admit:
Name of College | Average Annual Fee(INR) | Location |
IIM | INR 16,00,000 | Indore |
IIM | INR 23,00,000 | Ahmedabad |
Christ University | INR 755,000 | Bangalore |
IIM | INR 24,00,000 | Calcutta |
XLRI | INR 11,80,000 | Jamshedpur |
Mar Ivanios College, Nalanchira | INR 6,020 | Thiruvananthapuram |
IIM | INR 23,00,000 | Bangalore |
IIT | INR 4,16,000 | Roorkee |
IIM | INR 10,50,000 | Lucknow |
AMU | INR 2,65,718 | Aligarh |
IIM | INR 10,25,000 | Kozhikode |
IIT | INR 4,68,000 | Kharagpur |
Jain University | INR 2,40,000 | Bangalore |
IIT | INR 9,60,000 | Delhi |
(5).
Job & Placements
In
the Modern World where scenario making important financial decisions related to
money powers is quite a tough job. How to decide where to invest when the
financial market is continually evolving? The three essential categories of
finance are personal, corporate finance, and public. All Organizations are
known to the value of strategically managing their assets. So there always be a
requirement for efficient analysts, financial planners, executives, and managers
around the globe across industries of every scale.
Job
Profiles
Some of the job profiles in the PGDM in the finance field are as follows:
Job Profile | Job Description |
Financial Advisor | Advising and assisting clients in setting long-term and short-term financial goals, such as Buying a house, financing their children's education, etc. They also advise on investment, insurance, and tax issues, among other things. |
Finance Manager | A Finance Manager is the one who reviews the financial reports, prepares activity reports, and financial forecasts, and also monitors the accounts to look after the financial requirements of the organization if any. |
Bank Manager | A Bank Manager supervises and manages the bank in all the other departments wherever required. |
Financial Managers | They are in charge of the organization's financial health and produce the organization's financial report. His actions have a direct impact on the organization's growth and reputation, and he is also in charge of all financial functions. |
Equity Analyst | Must analyze financial data and make necessary adjustments, review stocks and bonds, and write a stock market research report. They have different responsibilities depending on the work of the organization. |
Relationship Manager | The relationship counselor must deal with the overall financial relationship of the company. |
Investment Bankers | Investment bankers have a completely unique set of duties that encompass new inventory issues, mergers, and acquisitions, and acting as financial advisors to a number of high-profile clients. |
Operations Manager | The Operation Manager is responsible for the smooth functioning of the operations department of the organization. |
Bankers | Bankers help their clients make money in the capital markets by lending or selling debt securities within the firm. |
Business Analyst | The Business Analyst helps with analyzing the data and using it in an appropriate way to increase the financial profit of the company. They also provide various suggestions from the insights of the organization. |
Top
Recruiters
Many people also look at companies that hire PGDM in finance graduates. This gives you an idea of the demand in this field, and what the future might look like working for those companies. Companies gain a reputation based on how they pay and treat their employees, and a big-name company is what most students aim for.
Lehman Brothers | Infosys | City Union Bank |
Morgan and Stanley | JP Morgan | Deloitte |
MTR | Kotak Mahindra | Deutsche Bank |
SBI | KPMG | E&Y |
Tata Capital | TIME | Genpact |
TCS | Wipro | HDFC |
CBRE | McKinsey | AIG |
HSBC | Abbott | Barclays |
IBM | Airtel | BCG |
ICICI Bank | Bajaj Finserv | Accenture |
Yes Bank | Bank of America |
Employment
Areas
Finance
is such a large and thriving field that PGDM Finance graduates can choose from
a variety of industries for their careers. Whether you prefer numbers and
software, or like meeting people and giving financial advice, you can choose
accordingly. Here are the most popular industries recruiting PGDMs among
finance graduates.
(i).
Financial Services
(ii). Banks
(iii). Insurance
(iv). IT
(v). Taxation
Average
Salary
The average salary after PGDM in Finance for freshers is INR 2,00,000-10,00,000. The table shows the salary of PGDM Finance graduates in India:
Level of Salary | Salary |
Lowest Salary | INR 2,00,000 |
Average Salary | INR 5,00,000 |
Highest Salary | INR 9,00,000 |
The table below contains the list of PGDM Finance job profiles and their average salaries per annum:
Job Role | Average Annual Salary(INR) |
Management Consultant | Rs. 11,00,000-14,00,000 |
Finance Manager | Rs. 5,00,000-7,00,000 |
Bank Manager | Rs. 7,00,000-10,00,000 |
Business Consultant | Rs. 4,00,000-6,00,000 |
Accounting Manager | Rs. 7,00,000-10,00,000 |
Marketing Manager | Rs. 4,00,000-6,00,000 |
Business Analyst | Rs. 6,00,000-9,00,000 |
HR Manager | Rs. 3,00,000-5,00,000 |
Finance Manager | Rs. 9,00,000-12,00,000 |
PR Officer | Rs. 2,00,000-4,00,000 |
(6).
Career/Scope
One
of the biggest reasons why students opt for a PGDM in finance is the career
opportunities it avails. Here are a few professions that you can pursue. All
these professions are different from one another and come with a high salary
tag.
Career
options after PGDM in Finance
PGDM
in Finance has a lot of career options for students. The course is a branch on
Finance. Some of the available job opportunities are given:
(i). Loan
Officer
(ii). Market Advisor
(iii). Operations Manager
(iv). Portfolio Manager
(v). Financial planning services
(vi). Insurance companies
(vii). Business Analyst
(viii). Commercial banking
(ix). Financial Manager
(x). Investment Banker
(xi). Bank Manager
(xii). Credit management
(xiii). Financial Advisor
(xiv). Brokerage firm's
Scope
of Finance in India and Abroad
Scope
for Higher Education
Upon
finishing the PGDM in Finance course, college students might also additionally
pick to choose better education. Higher training can assist college students to
find out about subjects in a closer manner. Additionally, if the scholars are
interested, it may assist them to input the sector of research.
Listed
below are some of the courses after PGDM in Finance, that students can pursue
in lieu of higher education:
(i). Doctoral
Program in Management
(ii). Doctorate in Management Studies (DMS)
(iii). Doctorate of Business Administration (DBA)
(iv). Ph.D. in Management
Skills
that make you the Best PGDM in Finance Graduate
There
are many skills that PGDM in Finance graduate needs to have to ensure that they
succeed in their careers. Some of the skills are:
(i). Time
Management
(ii). Quantitative Ability
(iii). Project Management
(iv). Problem-Solving
(v). Critical Thinking
(7).
FAQs
(1). What is PGDM in Finance?
(2). Is the PGDM finance examination
hard to pass?
(3). Which are the doorway
examinations that are performed for admission to finance?
(4). What is the average salary of an
Investment Banker after completing PGDM Finance?
(5). What are the higher studies
options after completing the PGDM Finance course?
(6). What are the common beginning
profits after finishing PGDM Finance in India?
(7). What are the top recruiting
companies after completing a PGDM Finance course?
(8). What are the activity profiles in
finance that pay the most?
(9). What's the difference between
PGDM and PGDM Finance?
(10). What are the average fees for
PGDM in Finance in India?
(11). What is the principle reason for
finance?
(12). Is an MBA better than a PGDM?