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PGDM Finance is a 2-year postgraduate diploma course for students who want to pursue management education. The course acts as an alternative to the popular MBA course for those students who want to do something different.
PGDM Finance Full Form: Post Graduate Diploma in Management (Finance)
The minimum eligibility to pursue this course is 50% marks in the bachelor's program. Students of any stream can opt for PGDM Finance course, but they do need to clear some entrance exams for management courses.
Some of the popular PGDM Finance entrance exams are listed below:
PGDM is a course designed for the eligible candidates to increase their comprehensive and well roundup curriculum on the aspects of financial management such as working capital management, international finance and merger acquisition among others. It is helpful to the students in owning knowledge of their duties and responsibilities of financial managers in the organization. It is also helpful in analyzing cost centre expenses thereby making balance sheets and analyzing the concept of minimizing cost and maximizing profits.
Top colleges offering PGDM Finance are listed below:
- IIM Lucknow- Indian Institute of Management.
- XLRI Xavier School of Management
- JIMS-Jagan Institute of Management Studies
- SVKM’s NMIMS
- Jamnalal Bajaj Institute of Management Studies
- Management Development Institute
The average fees for pursuing this course ranges from INR 25,000-4 lakh.
The various PGDM Finance job profiles are:
- Financial Advisor
- Equity Analyst
- Financial Planner
- Investment Banker
- Finance Manager
- Bankers
Students get an average annual PGDM Finance Salary from INR 2-15 lakh.
Quick Links
| PGDM Finance Syllabus | PGDM Finance Colleges |
| PGDM in Finance Scope | PGDM Finance Distance Learning |
| PGDM Finance FAQs | Management Entrance Exams |
Top Colleges for Post Graduate Diploma in Management [PGDM] (Finance)
PGDM Finance: Course Highlights
| Course Level | Postgraduate Diploma |
| Duration | 2 years |
| Examination Type | Semester System |
| Eligibility | Graduation in any stream with a minimum of 50% marks. |
| Course Fee | INR 25,000 to 4 Lakh |
| Average Starting Salary | INR 2 lakh to 15 lakh per annum |
| Top Recruiting Companies | AIG Bangalore, Boeing Bangalore, AMC’S, etc. |
| Job Positions | Bank Manager, Financial Analyst, Treasurer, Accountant, Financial Manager, Portfolio Manager, etc. |
PGDM Finance: What is it about?
Finance basically means the provision of money to commence a new business or startup, as finance is the lifeblood of all the business enterprises. Every business wishes to grow itself in each and every aspect to a great extent provided that there are a number of enough resources needed to meet up all the requirements successfully and efficiently. It is not only about making money but it is also about achieving our deep goals and protecting the fruit of labour.
These all are the benefits of pursuing PGDM in Finance for a better and bright career in the near future.
This course is more suitable for the people who wish to go into the field of financial markets and services and just learn the techniques of financial management.
PGDM Finance: Prerequisites
If you are pretty sure of PGDM Finance, the following are the points to remember:
- Communication and managerial skills
- Mathematical and analytical skills
- Attention to detail and research
PGDM Finance: Colleges
| College Name | State | NIRF Score | Rank |
|---|---|---|---|
| IIM Ahmedabad | Gujarat | 78.96 | 1 |
| IIM Bangalore | Karnataka | 76.82 | 2 |
| IIM Calcutta | West Bengal | 76.6 | 3 |
| IIM Lucknow | Uttar Pradesh | 71.58 | 4 |
| IIM Kozhikode | Kerala | 65.41 | 5 |
| IIT Delhi | Delhi | 64.51 | 6 |
| IIT Kharagpur | West Bengal | 63.12 | 7 |
| IIT Roorkee | Uttarakhand | 62.46 | 8 |
| XLRI Jamshedpur | Jharkhand | 61.08 | 9 |
| IIM Indore | Madhya Pradesh | 59.59 | 10 |
Indian Institute of Finance Fee Structure
| MBF- PGDM | Admission | Yearly Fee | PGDM Finance Fees |
|---|---|---|---|
| Merit applicants | 20000 | 330000 | 660000 |
| Sponsored Candidates | 20000 | 450000 | 90000 |
PGDM Finance: Eligibility
Students need to satisfy the following PGDM in Finance Eligibility criteria:
- Should qualify one entrance exam
- Minimum 50% marks
- Final year student can also apply
- Register through GD/PI/Online
- Skills and work experience matters the most along with academics
PGDM Finance: Admission Process
Most institutes offering the course admit the students based on their performance in an entrance exam conducted by the university/college/institution. However, the admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s performance in his/her B.A. degree. Some of the common entrance exams are:
Latest Post Graduate Diploma in Management [PGDM] (Finance) Admission Alert
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PGDM Finance: Distance Learning
Many universities and colleges also offer PGDM Finance in distance learning mode. When this course is pursued in the correspondence mode, the course duration gets extended. PGDM Finance IGNOU course duration can be extended to a maximum of 3 years. Indira Gandhi National University-[IGNOU] currently charges a fee of INR 10,800 for this course. There is no bar on the maximum or the minimum age limit. Some other institutes offering this course in distance learning mode are:
- Institute of Management Technology, Centre for Distance Learning, Ghaziabad
- Symbiosis Centre for Distance Learning, Pune
- MIT School of Distance Education, Pune
PGDM Finance: Syllabus
| Semester 1 | Semester 2 |
|---|---|
| Accounting System | Taxation (Direct and Indirect) |
| Cost and Management Accounting | Financial Management |
| Financial Markets | International Finance |
| Financial Statement Analysis | Investment Management |
PGDM Finance: Career Prospects
PGDM Finance is one of the most sought after courses throughout the world which provides excellent job opportunities in any organization in the financial module. It also covers critical learning such as working capital management, acquisition and international financial and mergers.
Scope after PGDM courses
Career planning in finance included in finance management is asset management, retail banking, financial advisory, taxation, corporate finance, investment banker, risk management, equity analyst, business analyst, etc.
These types of career opportunities are provided in cities like:
- Hyderabad
- Mumbai
- Delhi
- Chennai
- Bangalore
Various PGDM Finance job profiles available are:
- Financial Advisor- 7 to 10 lakhs per annum as per senior level
- Equity Analyst- 3 to 4 lakhs per annum at the start
- Financial Planner- 3 to 5 lakhs per annum at the start
- Investment Banker- 2 to 4 lakhs per annum at the start
- Finance managers- 9 lakhs in first 5 to 10 yrs.
- Bankers- More than 5 lakhs after 3 yrs. Experience.
Various Companies offering Jobs and Placements-
- Abbott
- CBRE
- ICICI BANK
- KPMG
- Yes Bank
- Airtel
- City Union Bank
- Accenture
- Tata Capital
- Bajaj Capital
- MTR
- TIME
- 99 Acres
Source: Payscale
On the completion of the course, you will get:
- Higher Salary
- Business Knowledge
- Leadership and Management Skills
- Networking
- Unprecedented Career Growth
The average PGDM Finance salary ranges from INR 2-15 lakh.
| Job Profile | Job Description | Average Salary (in INR) |
|---|---|---|
| Equity Analyst | To study the financial information and make changes if needed and also he has to review the stocks, bonds and also to write an equity research report. He has many roles to perform based on the organization works. | 3 to 4 lakhs per annum at the start |
| Financial Advisor | He advises and helps the clients in deciding the long term and short term financial goals such as buying a home, paying children’s fee etc. and also it advises regarding the investments, Insurance and taxes etc. | 7 to 10 lakhs per annum as per senior level |
| Financial Planner | It covers all the areas of clients financial needs and also plays a key role in the achievement of each of the client’s goal as and when required such as insurance and investment planning, retirement, tax planning etc. | 3 to 5 lakhs per annum at the start |
| Investment Bankers | Investment bankers have a unique number of playing various roles which include new stock issues, taking the responsibility of mergers and acquisitions and in general acting as a financial advisor to a number of high profile. | 2 to 4 lakhs per annum at the start |
| Financial Managers | They are responsible for the financial health of the organization they produce a financial report of the organization. His actions directly affect the growth and goodwill of the organization and also he is the one who takes care of all the financial functions of organization. | 9 lakhs in first 5 to 10 yrs. |
| Bankers | Investment bankers help their clients lucrative in capital markets by supply debt or selling equity debts within the corporations. | More than 5 lakhs after 3 yrs. Experience. |
PGDM Finance: Higher Studies
For those who want to further pursue further higher studies, following management-oriented courses at the doctorate level are available:
PGDM Finance: FAQs
Ques. Is an MBA best or is PGDM?
Ans. Both MBA and PGDM are the most-sought management courses. The basic difference between the two is that MBA focuses on theoretical skills while PGDM is more industry-oriented. Also, fee is slightly higher in the case of PGDM course. For a PGDM to be equivalent to MBA, the colleges must be accredited by the Association of Indian Universities (AIU).
Ques. Which institutes provide PGDM Finance in Gujarat?
Ans. To check PGDM Finance institutes in Gujarat, click here.
Ques. How much relevant is an internship in a public bank for final placements of PGDM Finance?
Ans. Internships provide students with the necessary industry exposure needed. Thus, internships of all kinds, including those in public banks, are highly encouraged.
Ques. Which companies can a PGDM Finance student apply off-campus?
Ans. The various companies recruiting PGDM Finance graduates even off-campus are:
-
Abbott
-
ICICI Bank
-
KPMG
-
Tata Capital
-
99 Acres
These are just a few among many others.
Ques. Can someone pursue PGDM Finance along with working in a bank?
Ans. Many institutes offer PGDM Finance in Distance Learning mode. This makes it easier for those students to pursue who also want to continue with their job.
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