PGP in Management (Finance) Fees, Placements and Scope

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Pranjal Singhal

Content Curator | Updated on - Jul 31, 2021

PGP in Management (Finance) is a 2- year full time autonomous, industry- oriented program divided into 4 semesters, with each semester lasting 6 months. During each semester, students are exposed to separate sets of theoretical subjects and practical lab sessions.

The final selection is based on the test score, academic profile and interview (video interview for outstation candidates). The mode of admission is a relevant entrance examination such as CAT, GMAT, XAT, CMAT, ATMA, SNAP carried out by different universities, and other State level examinations. The average tuition fee charged for this course in India ranges between INR 1 to 3 Lacs.

Successful post graduates of the course are hired at leading companies such as Deloitte, KPMG, PwC, EY and other banks. They are hired in capacities such as Risk Manager and Regulator, Portfolio Manager, Investment Advisor etc. Average starting salary offered to such postgraduates lies generally between INR 8 to 10 Lacs per year, increasing with experience in the field.

PGP in Management (Finance): Course Highlights

Tabulated below are some of the major highlights of the course.

Course Level Post Graduate
Duration 4 years
Examination Type Semester System
Eligibility Graduate in any discipline, from a recognized University
Admission Process Based on counselling after clearing Entrance Tests CAT, GMAT, XAT, CMAT, ATMA for different colleges
Course Fee INR 1.0 Lakh p.a.
Average Starting salary INR 8 to 10 Lakh p.a.
Top recruiting companies Deloitte, KPMG, PwC, EY, other banks

PGP in Management (Finance): What is it About?

Finance is the life-blood of any organization and the PGP in Management (Finance) module covers critical areas such as working capital management, international finance, and mergers & acquisition among others.

The course explores advanced concepts involved in analyzing cost center, expenses of an organization and making effective balance sheets, aspects of minimizing cost and maximizing profit, and developing financial management skills required in the industry.

The is designed for candidates interested in pursuing a career in financial services industries & financial backup of an organization, in banking and financial service industries such as insurance and mutual funds, among others, and is particularly aimed at students seeking distance- based learning.

PGP in Management (Finance): Who Should Apply?

The course is ideally suited for the following individuals:

  • Professionals in middle management level seeking to renew fundamentals.
  • Professionals aiming to shift to financial functions.
  • Graduates to enhance their skills in financial areas.
  • Graduates looking for specific skills to increase their job prospects.

Any successful business needs financial viability and stability. The role of a finance manager, therefore, becomes central to the smooth functioning of an organization. PGP in Management (Finance) is a 2- year distance learning program that offers keen insights into the concepts of finance, auditing, accounting and capital management.

This course is designed keeping in mind the constantly evolving needs of professionals seeking a career in finance, and provides an excellent platform for those pursuing to further their growth with banking and financial institutions, financial consultancies, corporate finance organizations etc. It is ideal for students looking to switch jobs and explore new avenues in career by equipping them with the requisite management skills, helping open doors to careers in consultancy, banking, finance etc.

The program is offered via the distance learning module including weekend lectures and online lectures by industry- experts.

The program explores:

  • fundamental concepts of financial management and their practical application.
  • financial analysis, cost accounting, management accounting and its impact on general decision making.
  • role of financial institutions and their regulations.
  • financial strategies, risk assessment and capital investment.

Top Institutes Offering PGP in Management (Finance)

Compiled here is a list of the top institutes in India offering the course along with their respective locations, eligibility conditions, admission processes, and fees charged by each.

Name of Institute City  Full Course Fees
IIMB Delhi INR 1.0 Lakh
IMT Ghaziabad INR 1.0 Lakh
Welingkar Mumbai INR 1.2 Lakh
Symbiosis centre of Distance Learning Pune INR 40,000
NMIMS Bangalore INR 62,000
NICMAR Bangalore INR 1.0 Lakh

Eligibility for PGP in Management (Finance)

The minimum eligibility required for pursuing the course is any of the following:

  • Bachelor’s degree in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU) with a minimum aggregate graduating score of 50%.
  • Bachelor’s degree in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU) with a minimum aggregate graduating score less than 50%, but a minimum of 2 years of work experience.

Consideration is given to SC/ST candidates and Persons with Disability (PWD).

Candidates from Engineering / Commerce / Mathematics / Economics backgrounds get an edge over the remaining applicants.

Candidates looking for specialization should be preferably from BCA / MCA / BE/ engineering backgrounds.

Persons with higher professional qualifications and experience are given preference.

PGP in Management (Finance): Admission Process

Selection is based on performance in entrance exams held by the university. The general process is:

  • Pre- screening of candidates which is done on basis of Academic Profile (20%),
  • CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%)
  • Personal Interview (30%).

Entrance Test: The question paper for the exam is in QMR format testing the applicants’ aptitude and logical reasoning. These examinations are generally conducted in April. Here is a list of the entrance exams conducted for admission to the course:

The online objective- type test is held generally in June. It is not mandatory for those who have already qualified CAT/GMAT/XAT/CMAT/MAT/ATMA. The online test consists of parameters such as:

  • Verbal Ability (30%),
  • Data Interpretation and logical reasoning (30%),
  • Quantitative Aptitude (30%),
  • General Knowledge on Financial Markets (10%)

The test lasts for 2 hours with negative marking of 0.25 per mark for every incorrect answer.

Personal Interview

Shortlisted candidates are called for the round of personal interview based on performance in MAT/ CMAT/ CAT/ GMAT/ XAT/ ATMA.

Final Selection

Candidates are selected based on the basis of score/percentile in MAT/CMAT/CAT/GMAT/XAT/ATMA, academic credentials, performance in personal interview (PI), demonstrated interest in the healthcare management, and communication skills.

PGP in Management (Finance): Lateral Entry

There are a few institutes in India which offer lateral entry directly on the basis of the candidates’ Bachelor’s degree.

Duration:

Post Graduate Programme in Management (Finance) is a 2- year course divided across 4 semesters with theoretical and project work.

PGP in Management (Finance): Career Prospects

The program offers multiple career options in financial markets in USA, Singapore and India. As per a research conducted by Mc Kinsey & Co. for Gujarat International Finance Tec-City, Govt. of Gujarat, the financial sector is poised to create 1, 00, 00,000 plus jobs by 2020. The course prepares students for multiple career options in financial markets such as capital market, mutual funds, derivative, currency and commodity markets, financial services etc. One can go for lucrative career opportunities in areas like investment banking, treasury, research & analytics, wealth management, stock broking, surveillance, compliance, risk management, asset management, financial journalism etc.

Some of the popular industries that hire successful postgraduates of the course are:

  • Public Sector Banks
  • Private Sector Banks
  • Foreign Banks
  • Financial Institutional Investors (FII)
  • Urban Cooperative Banks
  • Rural Cooperative Credit Institutions
  • Knowledge Process Outsource (KPO’s)
  • Business Process Outsource (BPO’s)
  • Investment Advisory Firms
  • Term-lending Institutions
  • State Finance Corporations
  • Refinance Institutions
  • Non-Bank Finance Companies
  • Equity Research
  • Fixed Income Dealing
  • Treasury Management
  • Surveillance
  • Index product development
  • Business Development

Some of the top recruiters for this discipline include popular firms such as HDFC Bank, Axis Bank, ICICI Bank, Fideity, RBS, Kotak, Benchmark Mutual Funds, Birla Sun Life, L&T Mutual Fund, Religare, Canara Bank, SBI Mutual Fund, IDFC, TATA, AIG Investments, Aditya Birla Finance, Bank of India, LIC, PNB, Reliance Life, Insurance, Future General, Morgan Stanley, Mirae Asset, HSBC, among others.

PGP in Management (Finance): Employment Opportunities and Salary status

PGP in Management (Finance)

Job Profile Description Average Pay Scale
Project Manager Project Managers may work closely with upper management to make sure that the scope and direction of each project is on schedule, as well as other departments for support. INR 1,818,560 p.a.
Investment Bankers Investment Bankers help their clients raise money in capital markets by issuing debt or selling equity in the companies. Other job duties include assisting clients with mergers and acquisitions (M&As), and advising them on unique investment opportunities such as derivatives. INR 7.8 Lakh per annum
Manager- Capital Markets Capital Markets Strategy Managers lead engagements for global capital markets clients. INR 12 Lakh per annum
Business Analyst Business Analysts develop technical solutions to business problems, or to advance a company's sales efforts, beginning with defining, analysing and documenting requirements. INR 8 Lakh per annum
Accounting Technicians Accounting Technicians work in areas of accounts and finance supporting the CA and associate CAs. INR 1.8 Lakh per annum
Manager –Risk and Regulation Risk Managers advise organizations on any potential risks to the profitability or existence of the company. They identify and assess threats, put plans in place for if things go wrong and decide how to avoid, reduce or transfer risks. INR 9.9 Lakh per annum
Portfolio Managers Portfolio Managers work with a team of analysts and researchers, and are ultimately responsible for making the final investment decisions for a fund – or asset-management vehicle. INR 1,220,838 p.a.
Investment Advisors Investment Advisors help their clients plan for their short and long-term financial goals. These goals may include retirement and education. Also, they may provide investment, tax and insurance advice. INR 3.26 Lakh per annum

Such postgraduates are hired in capacities such as:

  • Risk Manager
  • Credit Analyst
  • Branch Manager
  • Liabilities Manager
  • Assets Manager
  • Operations Manager
  • Anti Money Laundering Specialist
  • FOREX Specialist
  • MIS Specialist
  • Inspection and Audit Specialist
  • Surveillance Specialist

The financial sector in India is predominantly the banking sector with commercial banks accounting for more than 60 per cent of the total assets held by the financial system in India. The country today is one of the most vibrant global economies, on the back of robust banking and insurance sectors, and is projected to become the 5th largest banking sector globally by 2020, as per a joint report by KPMG-CII.

According to a recent report published by the National Skill Development Corporation (NSDC), about 14 lakh people are likely to be employed in the banking industry by 2022. With a renewed focus on financial inclusion and new banks on the anvil, the talent need for the sector shall grow higher than ever. With the rising application of technology in banking services, recruiters are looking for different sets of skills that would help them scale their business keeping the costs low. Banking professionals are expected to possess these skills apart from the specific functional competencies.

Indian market capitalization has moved to INR 644.67 billion with a daily average turnover of INR 2,384 million, ensuring more lucrative career opportunities for skilled professionals in the field.

Modes of delivery of the program include lectures, seminars and tutorials, lab sessions, project and team work. 

All technical skills in the course are taught using examples, practical exercises and projects drawn from the world of business with the focus being on the application of technology to business.

A semester- wise breakup of the course’s syllabus is given here: 

Semester I Semester II Semester III Semester IV
Principles of Management Strategic management Financial Management – I Semester IV
Financial Accounting Cost Accounting Financial Management – II Project Finance
Fundamentals of Communication & Interview Preparation The Integrative Manager Advanced Direct Tax & Service Tax Mergers and Acquisitions
Human Resource Management Innovation Management Investment Management - I Retail Banking
Marketing Management Mastering the Interview & Networking Skills Investment Management – II International Finance
Managerial Economics Project work Project- ISR Project

Post Graduate Program in Management (Finance) : 34 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. IIM Rohtak offers an MBA degree and you can take up a specialization in finance in your second year of study. As one of my friends studied there, I might be able to answer your question. Crowd The crowd/batch consists of everyone including you. The student crowd overall is really good and diverse. They are usually helpful. Seniors also help to solve problems, be it about studies, participation, involvement in class, etc. The crowd will depend on the overall behavior of the students. Faculty The faculty here is really helpful and cooperative. They are highly educated and well versed in their particular fields. A good faculty will result in a good performance by the college and its students. Placements:- This is the most important thing to consider while selecting a college. The student profiles, the summer internship performance, your academic as well as non-academic performance in college, the industry dynamics, and many other factors determine the placements. For your better knowledge, these are the final placements for the 2019-2021 batch. Categories MBA (Finance) at IIM Rohtak Course Fee 16.55 lakh Highest CTC 22.8 LPA Average CTC 13.74 LPA Median CTC 13.5 LPA No. of Recruiters 100+ No. of New Recruiters 72+ Many reputed companies participate in their placement program. These include Capgemini, Infosys, TCS, Mindtree, Godrej, Nerolac, Wipro, KPMG, Microsoft, HCL, HP, Deloitte, Mercedes, Morgan Stanley, and many more. Thus, you can easily opt for IIM Rohtak, as it is a good institute to pursue MBA in Finance. If you get an opportunity to study here, do go for it.Read more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Keshav Jindal on 31 Jul 21

Ans. Opting for a field in which you already possess some knowledge would be beneficial rather than going for an entirely new field. You are experienced in industrial structures and have a background in civil engineering. Therefore, it would be advisable to go for an MBA in Operations instead of MBA in Finance. Progressing in this particular field in the future would be swift and easy for you as well as Operations was included in your major. Evaluate your priorities and then make a decision. If you bear doubts regarding it then you might as well prefer going for the MBA program at IIT Kharagpur. The management departments at IITs are developing with highly qualified management faculties as well as excellent students. It is an outstanding campus that would lead to your overall development. Categories MBA (Operations) at IIT Kharagpur MBA (Finance) at IMT Ghaziabad Course Fee 10.30 lakh 19.53 lakh Highest CTC 20 LPA 22 LPA Average CTC 14 LPA 11 LPA Recruiting Companies ITC, P&G, Deloitte, KPMG, etc. Goldman Sachs, Google, DE shaw, Credit Suisse, etc. Within the two-year MBA course, your skills would be enhanced in the competitive environment provided by the institute. The vigorous activities would be a plus point in building you professionally for the corporate world.Read more
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Ques. Can I do a PGDM in finance from Taxila Business School? I have cleared the MAT exam.

● Top Answer By Janvi Bhambri on 16 Jul 21

Ans. It will be better if you don’t consider MBA from Taxila business school as an option. While considering a B-school you should always look for a college that has great infrastructure, curriculum, faculties, environment, placement opportunities, and learning opportunities. And Taxila business school will not fulfill the above criteria. You should select business schools that have ranked well in the Times Business school rankings. Try to choose Tier 1 MBA institutions. If you have a good MAT score along with a good academic record then you can surely get a good institution. Also, if possible try to score well in CAT, ATMA, and other examinations too. That way you will have better options.Read more
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Ques. Which college is better for an MBA in finance, RIIM or PIBM with respect to ROI and digital certification?

● Top Answer By Shilpa Nayak on 08 Jul 21

Ans. Both of the mentioned colleges are good but amongst the two, RIIM is far better when compared with PIBM in Pune. In terms of the fee structure, there is a huge difference between both colleges. The fee structure offered by RIIMs is less than PIBM. At RIIM, practical based methods are used for teaching purposes. The placement cell of the college does its job perfectly in enhancing the personality and skills of the students. RIIM Pune concentrates on improving the entrepreneurial skills of the students enrolled in the MBA Programs. Companies offer attractive packages during the recruitment of MBA students. The college provides the students with very good knowledge about the core details of the finance sector. Categories MBA at RIIM MBA at PIBM Course Fee 1.82 lakhs 7.95 lakhs Highest CTC 10 LPA 18 LPA Average CTC 6 LPA 9-10 LPA Recruiting Companies HP, Nestle, ITC, Byju’s, etc. HUL, Godrej, Federal Bank, Tech Mahindra, etc. RIIM Pune offers the following Digital Marketing Certifications in affiliation with IIM Kozhikode: Search Engine Optimization, Social Media Optimization, Email Marketing, Google Ad words, Google Analytics, PPC & Mobile Marketing. RIIM Pune also offers Value-Added Programs like SAP (Basic), Advance Excel, Business Analytics, Six Sigma, IT Skills from Microsoft, workshops at National Stock Exchange.Read more
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Ques. How is PIBM for finance placements?

● Top Answer By Keshav Jindal on 08 Jul 21

Ans. Without any doubt, PIBM is one of the best colleges in India for management. It offers an AICTE approved PGDM course. It also offers an MBA program in affiliation with Savitribai Phule Pune University. It provides placement training where they give complete experimenting learning, profile building, and even SCPS approach (Sector, Company, Product/Service). For Finance, they offer proficiency enhancement training and certification in curricular like Bloomberg Terminals, Ace Analyzer, Advance Excel, Balance sheet analysis, Finance modeling. The college offers industrial experience as well through summer and winter internship programs, and live projects. Many companies like Wipro, ITC, Deloitte, etc. come to the placement drive for recruiting. The average package offered to the students in the recent placement drive of 2021 was INR 6.5 LPA, placing 550+ students. The job profiles offered are in Investment Banking, Equity Research, Corporate Finance, Commercial Credit, Finance Quality Management, Treasury Management, etc. PIBM is one of the best institutions offering many opportunities along with wonderful placements for finance. So if you are interested in applying, grab the opportunity.Read more
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Post Graduate Program in Management (Finance) Fee Structure in India


10.07 L (Minimum Fee)PUBLIC COLLEGES20.50 L  (Maximum Fee)
15.16 L (Average Fee)
1.75 L (Minimum Fee)Private COLLEGES14.55 L (Maximum Fee)
5.11 L (Average Fee)

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10 Reviews found out of 177280


M
9.7 /10

Faculty :

The teaching staff of the college is par excellence. They are reservoirs of knowledge and there is literally no end to what one can learn from them. They are kind, humble and helpful teachers who always motivate us and make us realise the value of life.

Course Curriculum Overview :

The curriculum of the Post Graduate Programme in Finance Management (PGPFM) at Institute of Management - [IIM], Tiruchirappalli is indeed wholesome and a student upon the completion of the course is aware of every possible thing related to this course.

Placement Experience :

The university is undoubtedly famous for its placement and job opportunities as mega companies like Amazon, Ernst & Young, KPMG, Deloitte, Gail, JP Morgan and Chase visit the campus to hire students by offering them a lucrative package.

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MK
6.3 /10

Admission :

The admission process requires a scorecard of any mba entrance exam like cat, mat, cmat, xat. Although I have given CMAT but any one of the above mentioned exams scorecard is acceptable and apart from that there is group discussion and personal interview done. After which the candidate's are selected for admission to PGDM course.

Exam Structure :

The college follows a trimester system in which every year there is a three trimester and in the duration of two years we have six trimester throughout the PGDM course. and in each trimester there is a mid term and end term. Apart from that there is presentations, assignments, case studies that is must for every student.

Remarks :

The biggest positive about the college is they try their level best in providing the students best in receiving the right exposure to the students. The negative thing is the lack of holiday that is really a very bad thing that I have face because it becomes very difficult to get a break from the college.

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