Content Curator | Updated on - Mar 31, 2026

The Post Graduate Diploma in Management - Banking and Financial Services (PGDM-BFS) at MDI Gurgaon is a newly launched two-year full-time residential programme under the School of Management of Financial Institutions (SoMFI). Launching with the 2026-28 batch, it is designed to produce specialised professionals for the banking, fintech, asset management, risk management, and financial markets sectors. The total fee for the inaugural 2026-28 batch is Rs 22,00,000 (introductory fee, subject to revision), with admission through CAT 2025 scores. The programme is offered in full-time on-campus mode at MDI Gurgaon's campus in Gurugram, Haryana. MDI Gurgaon has recently achieved Triple Crown Accreditation (AACSB, AMBA, and EQUIS), making the PGDM-BFS one of the most credentialed new BFSI-focused management programmes in India. The programme is particularly suited for candidates from engineering, mathematics, statistics, economics, finance, or commerce backgrounds with a strong quantitative aptitude.

Admissions for the inaugural 2026-28 batch are currently ongoing. Applications closed on November 28, 2025. The WAT-GD-PI rounds are being conducted between February and April 2026, and final results are expected by end of April 2026. The programme is set to commence in the first week of August 2026.

Key Points

PGDM-BFS is the inaugural programme of MDI Gurgaon's School of Management of Financial Institutions (SoMFI), established in 2022.
The programme offers three specialisation tracks: (1) Corporate Finance and Consulting for BFS, (2) Banking, Risk Management, and Fintech, and (3) Financial Markets, Asset Management, and Quantitative Finance.
At least 20% of classroom teaching is delivered by industry experts from the BFSI sector.
Students are trained on Bloomberg terminals, Python for Finance, Machine Learning for Finance, and AI/ML applications in BFSI.
A compulsory 8-10 week industry internship is included after Term 3 (end of Year 1).
MDI Gurgaon has achieved Triple Crown Accreditation (AACSB, AMBA, EQUIS) in 2025, making it one of the most globally recognised B-schools in India.
The introductory fee of Rs 22,00,000 is lower than the flagship PGDM (Rs 26,55,310), making it an attractive option for BFSI-focused candidates.
Candidates with CA/ICWA/CFA/FRM qualifications or pursuing them are encouraged to apply.

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Highlights
Fees
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Scholarships
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FAQs

MDI Gurgaon Latest Updates and News

09 May, 2026 MDI Gurgaon PGP Admission 2026 Result is out.

28 Apr, 2026 MDI Gurgaon has released the PGDM Fee Structure 2026. The total academic fee is ₹ 22 Lakhs. Check the breakdown here.

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MDI Gurgaon PGDM-BFS Fees

The total fee for the PGDM-BFS inaugural 2026-28 batch is Rs 22,00,000, which is an introductory fee for the first batch. This includes tuition fees, boarding and lodging, learning material, library, student activities, alumni fee, and a refundable security deposit. The tuition fee alone amounts to Rs 14,67,700 over two years. The fee is payable in instalments as per the schedule communicated at the time of admission.

Fee Breakdown

Fee Component	1st Year (Rs)	2nd Year (Rs)	Total (Rs)
Tuition Fees	7,33,850	7,33,850	14,67,700
Boarding Charges (Mess)	1,04,200	1,04,200	2,08,400
Lodging Charges (Hostel)	1,09,750	1,09,750	2,19,500
Learning Material Fees	62,000	62,000	1,24,000
Student Activities Fee	31,250	31,250	62,500
Library Fee	37,700	37,700	75,400
Alumni Fee	15,000	-	15,000
Security Deposit	27,500	-	27,500
Total Fees	11,21,250	10,78,750	22,00,000

Security Deposit of Rs 27,500 is refundable at the end of the programme.
This is an introductory fee for the inaugural 2026-28 batch; fees are subject to revision for subsequent batches.
MDI reserves the right to revise fees during the academic year with prior notice.
Contact: pgdmbfs@mdi.ac.in or +91-124-4560000 for fee-related queries.

MDI Gurgaon PGDM-BFS Admission 2026

Admissions to the PGDM-BFS inaugural 2026-28 batch at MDI Gurgaon are based on CAT 2025 scores for Indian candidates. The application window closed on November 28, 2025, and the WAT-GD-PI process is currently underway (February to April 2026). Final results are expected by end of April 2026, with the programme commencing in the first week of August 2026.

MDI Gurgaon PGDM-BFS Admission Dates

Event	Date
CAT 2025 Registration Opens	August 1, 2025
CAT 2025 Registration Closes	September 13, 2025
MDI Online Application Opens	September 25, 2025
MDI Online Application Closes	November 28, 2025
CAT 2025 Exam Date	November 30, 2025
WAT-GD-PI Rounds	February to April 2026
Final Results Declaration	End of April 2026
Fee Payment (1st Instalment)	April to July 2026
Programme Commencement	1st week of August 2026

Entrance Exam Dates

Exam	Key Date	Details
CAT 2025	November 30, 2025	Primary exam; mandatory for Indian applicants
CAT 2025 Result	December 24, 2025	Score valid for 2026-28 admissions
GMAT	Year-round	Valid for NRI applicants only

Indian candidates cannot apply on the basis of GMAT scores. Only NRI applicants may use GMAT scores.

The dates mentioned above are tentative and subject to change.

Eligibility Criteria

Minimum 50% marks or equivalent CGPA in both Class X and Class XII.
Bachelor's degree of minimum 3 years duration with at least 50% marks or equivalent CGPA in any discipline from a recognised university.
Final year students who complete all degree requirements by June 30, 2026 are also eligible to apply (proof required by October 31, 2026).

Admission Process

Register and fill the online application form on the MDI website; application fee is Rs 3,000 (inclusive of GST).
Shortlisting for WAT-GD-PI is based on CAT 2025 scores and application details; candidates with an inclination for BFSI careers are preferred.
Shortlisted candidates appear for Written Analysis Test (WAT), Group Discussion (GD), and Personal Interview (PI) at centres in Bengaluru, Gurugram, Kolkata, Hyderabad, or Mumbai.
Final selection is based on a composite score including CAT score, work experience, WAT-GD-PI performance, academic merit, academic diversity, and social diversity.
Candidates with CA/ICWA/CFA/FRM qualifications or engineering/mathematics/statistics backgrounds are encouraged to apply.
Successful candidates receive provisional admission offer in April 2026 and must pay the first instalment to confirm their seat.

MDI Gurgaon PGDM-BFS Scholarships 2026

MDI Gurgaon offers scholarships for PGDM-BFS students as part of its overall scholarship framework for full-time programmes. The introductory fee structure already makes this programme more accessible than the flagship PGDM.

Scholarship Details

Scholarship / Waiver	Eligibility	Amount
Merit-cum-Means Scholarship	Students from Economically Weaker Sections (EWS)	50% waiver on tuition fees (12 students across all full-time programmes)
AICTE Tuition Fee Waiver (TFW)	Students from EWS category as per AICTE provisions	100% tuition fee waiver

The Merit-cum-Means Scholarship covers 12 students per batch across all full-time programmes (PGDM, PGDM-HRM, PGDM-IB, PGDM-Business Analytics, PGDM-BFS) with a 50% tuition fee waiver.
AICTE's Tuition Fee Waiver (TFW) scheme provides 100% tuition fee waiver to eligible EWS students.
Students should apply for scholarships as per the deadlines communicated by MDI at the time of admission.

MDI Gurgaon PG Diploma Banking And Financial Services Ranking

Collegedunia Ranking

#10 out of 350 in India 2026

#1st in Haryana

Outlook Ranking

#2 out of 200 in Top Private Colleges in India 2026

QS Ranking

#301 out of 301 in International 2026

Financial Times Ranking

#61 out of 95 in International 2026

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MDI Gurgaon PGDM-BFS FAQs

Ques. Is PGDM-BFS a new programme at MDI Gurgaon? What is the intake for the inaugural batch?

Ans. Yes, the PGDM-BFS is being launched for the first time with the 2026-28 batch under MDI Gurgaon's School of Management of Financial Institutions (SoMFI). The exact seat intake for the inaugural batch has not been officially announced, but given the specialised nature of the programme, it is expected to be a small, focused cohort. The introductory fee of Rs 22,00,000 is lower than the flagship PGDM, reflecting MDI's intent to attract the best talent for this new programme.

Ques. How is PGDM-BFS different from the Finance specialisation in the regular PGDM at MDI Gurgaon?

Ans. The PGDM-BFS is a sectoral specialisation programme focused entirely on the Banking and Financial Services industry, covering corporate banking, investment banking, risk management, fintech, asset management, and quantitative finance. The regular PGDM is a general management programme where Finance is one of several functional specialisations. PGDM-BFS offers much greater depth in BFSI domain knowledge, with 45+ BFS-specific electives, Bloomberg terminal training, and at least 20% teaching by industry experts from the BFSI sector.

Ques. What are the three specialisation tracks in PGDM-BFS?

Ans. The three specialisation tracks are: (1) Corporate Finance and Consulting for BFS - covering business valuation, private equity, M&A, and financial derivatives; (2) Banking, Risk Management, and Fintech - covering corporate banking, credit risk modelling, ALM, and digital transformation; and (3) Financial Markets, Asset Management, and Quantitative Finance - covering Indian financial markets, machine learning for finance, quantitative asset management, and blockchain. Students can major in one track (minimum 6 electives) or minor in two tracks (minimum 4 electives each).

Ques. What is the fee for PGDM-BFS and how does it compare to other MDI programmes?

Ans. The total fee for the inaugural 2026-28 batch is Rs 22,00,000, which is an introductory fee. This is lower than the flagship PGDM (Rs 26,55,310) and PGDM-IB (Rs 32,54,000), making it an attractive option for BFSI-focused candidates. The fee includes tuition, boarding, lodging, learning material, library, student activities, alumni fee, and a refundable security deposit. Note that fees are subject to revision for subsequent batches.

Ques. What career roles can PGDM-BFS graduates pursue?

Ans. PGDM-BFS graduates are prepared for a wide range of BFSI roles including investment banking (front and middle office), corporate banking, credit and market risk management, private equity and venture capital, asset management, quantitative finance research, fintech product management, trading and algorithmic trading, AI and data analytics in BFSI GCCs, and BFS consulting. The programme specifically targets roles in India's rapidly growing BFSI sector, which is expanding at 10-12% annually.

Ques. Does MDI Gurgaon have placement support for PGDM-BFS given it is a new programme?

Ans. While the PGDM-BFS is a new programme, it benefits from MDI Gurgaon's established placement infrastructure, strong industry connections, and the MDI brand. MDI's placement team has relationships with leading BFSI firms including Goldman Sachs, JPMorgan, Axis Bank, HSBC, American Express, and many others who already recruit from MDI's other programmes. The programme's industry-aligned curriculum and the involvement of BFSI industry experts in teaching are designed to ensure strong placement outcomes from the inaugural batch.