MDI Gurgaon PG Diploma Banking And Financial Services: Fees 2026, Course Duration, Dates, Eligibility

Gurgaon, HaryanaEstd 1972
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Collegedunia Team

Content Curator | Updated 3+ months ago

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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MDI Gurgaon Latest Updates and News

07 Oct, 2026 MDI Gurgaon MBA Fee Structure 2027-29 has been released. The total academic fee is ₹ 22 Lakhs. Check the breakdown here.

05 Oct, 2026 CAT 2026 correction window is live @iimcat.ac.in. The last date to edit the application form is Oct 6, 2026 (5 PM). CAT 2026 is scheduled for Nov 29, 2026. Read News.

25 Sep, 2026 MDI Gurgaon MBA Admission 2027-29 begins. Interested candidates can apply at the official portal till Nov 28, 2026. Read news!

MDI Gurgaon Important Events

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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 Component1st Year (Rs)2nd Year (Rs)Total (Rs)
Tuition Fees7,33,8507,33,85014,67,700
Boarding Charges (Mess)1,04,2001,04,2002,08,400
Lodging Charges (Hostel)1,09,7501,09,7502,19,500
Learning Material Fees62,00062,0001,24,000
Student Activities Fee31,25031,25062,500
Library Fee37,70037,70075,400
Alumni Fee15,000-15,000
Security Deposit27,500-27,500
Total Fees11,21,25010,78,75022,00,000
  • 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

EventDate
CAT 2025 Registration OpensAugust 1, 2025
CAT 2025 Registration ClosesSeptember 13, 2025
MDI Online Application OpensSeptember 25, 2025
MDI Online Application ClosesNovember 28, 2025
CAT 2025 Exam DateNovember 30, 2025
WAT-GD-PI RoundsFebruary to April 2026
Final Results DeclarationEnd of April 2026
Fee Payment (1st Instalment)April to July 2026
Programme Commencement1st week of August 2026

Entrance Exam Dates

ExamKey DateDetails
CAT 2025November 30, 2025Primary exam; mandatory for Indian applicants
CAT 2025 ResultDecember 24, 2025Score valid for 2026-28 admissions
GMATYear-roundValid 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 / WaiverEligibilityAmount
Merit-cum-Means ScholarshipStudents 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 provisions100% 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 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.

MDI Gurgaon: 3 Answered Questions

Is HR at MDI better than TISS/SCMHRD? Also, does XLRI offer the best course in HR?

Advait JoshiLives in Mumbai, Maharashtra, India

It is hard to compare one specific major or stream but whatever is in the public domain the general ranking of these three colleges in HR domain quality-wise and RoI-wise is given below in a table.

Quality wise

RoI wise

XLRI

TISS

TISS

XLRI

SCMHRD

SCMHRD

MDI

MDI

Below is a table comparing these colleges on absolute numbers like fees, highest package, and average package.

Institution

Fees (approx.)

Highest Package

Average Salary

Median Package

XLRI

INR 26 lakhs

INR 1.1 CPA

INR 32.7 LPA

INR 30 LPA

TISS

INR 1.4 lakhs

INR 49 LPA

INR 27.22 LPA

INR 25.75 LPA

MDI

INR 23.5 lakhs

INR 60 LPA

INR 26.1 LPA

INR 26.13 LPA

SCMHRD

INR 22.1 lakhs

INR 67.60 LPA (International)

INR 35.02 LPA (Domestic)

INR 23.71 LPA

INR 22 LPA

For HR domain XLRI is the best and RoI wise for HR domain TISS is the best.

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What are the placement prospects for a NMP program from MDI Gurgaon?

Ashutosh AgarwalMBA from Management Development Institute, Gurgaon

The NMP program of MDI is a well-known program that was initiated in the year 1988. The program is best suitable for Young Managers. Coming to the placement part, most of the students choosing this program are sponsored by the company they were working at and hence have to join back their company once their program is completed. 

The general placements are also decent with around 70% placement percentage. But placements depend mostly on the knowledge gained and implemented in your job. Your performance throughout the program determines your placement.

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How do the new HR programs of IIM Ranchi, NMIMS, and XIMB measure up to the established ones of XLRI, TISS, MDI and SCMHRD?

Apoorv AshutoshFormer PhD Candidate at Indian Institute of Management Lucknow (2017–2020)

The simple answer to your question is no, the new HR programs of IIM Ranchi, NMIMS, or XIMB are not at par with the established ones XLRI, TISS, MDI, and SCMHRD. The established programs especially that of XLRI are the epitome of HR programs. They cannot be compared to the new ones at any given level or parameter.

  • Faculty: The professors of XLRI are renowned throughout the industry for their competency. They specialize in almost every domain one can think of be it Law, Competency Modeling, Compensation, or Performance Management.
  • Peers: It’s the cream students who get the opportunity to get into a prestigious college like XLRI. You can see tough competition between the finest students at college. Every individual has a valuable opinion and stands to contradict others. Their thinking pattern is broad and given a case study, they look at all angles from accounting to finance to laws while proposing the solution. The situation at TISS is also quite similar.

Now one can say that the curriculum can be replicated and learned faculty can be sought to match the quality of the HR program at these institutes. But the truth is faculty and curriculum are the main but not the only factors that determine an institute's worth. Its own culture, ethics, and background have a lot to do with the programs it offers.

So one cannot match XLRIs programs no matter how much they try.

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