Postgraduate Diploma in Accountancy is a 1-year commerce stream course. It is available both part-time and full-time at the convenience of the candidate. Specializing in financial accounting and bookkeeping, the course is designed to impart research skills as well as holistic research focus qualifications.
Eligibility to pursue the course is a minimum of 50% marks in aggregate or equivalent in Bachelor’s Degree from any recognized University/ College.
The admission to BMLT is based on the candidate’s scores in the entrance exam which are CAT, CMAT, XAT, etc. Some other colleges offer admissions based on the merit score in the last qualifying examination.
The average course fee is between INR 10,000 to INR 4,00,000 based on the institution and the location of the institute.
PGD in Accountancy course syllabus includes Strategic management, Advanced cost accounting, Economics, seminars, etc.
The graduates of the PG Diploma in Accountancy course can opt for jobs including Investments Analyst, Financial Analyst, etc, and are in huge demand in today’s public as well as private sectors. The initial salary package is around INR 50,000 to INR 4 LPA.
Table of Contents
2.1 Why Study PGD in Accountancy
3.1 Eligibility
3.2 Admission
3.5 Entrance Examination Preparation tips
4.1 PGD in Accountancy Subjects
6.1 PGD in Accountancy Colleges Comparison
9.1 Top Recruiters
9.2 Job profile
PGD in Accountancy: Quick Facts
- The average fee of the course ranges from INR 10,000 to INR 400,000.
- Admission in PGD Accountancy is based on merit and/or entrance examinations conducted by colleges or universities.
- Among the top colleges for PGD in Accountancy are the Indian Institute of finance and accounts in Punjab, the University of Jammu in Jammu, TKWs Institute of Banking and finance in Delhi, IIS University in Jaipur, and so forth.
- Candidates with a graduate degree with a minimum of 50% marks in aggregate are eligible to apply.
- The course is a one-year course available for part-time or full-time modes. Candidates can also apply for distance learning.
- In the case of distance learning, the duration of the course is flexible. It also depends on the university.
- PGD and accountancy syllabus includes advanced financial accounting, advanced cost accounting, advanced financial management, and many others.
- After a postgraduate diploma in accountancy, candidates can apply for chartered accountant, investment analyst, and financial analyst jobs. Of course, there are other jobs as well.
- Among the top recruiting companies are HDFC, Reliance, State Bank of Hyderabad, Vodafone, ITC limited, and many others.
- The average starting salary of a PGD in accountancy degree holder is INR 50,000 to INR 4 lacs.
- Candidates can work in sectors such as marketing, insurance, finance, or civil services after pursuing PGD in accountancy.
All About PGD in Accountancy
The one-year course provides quality education to candidates in the accounting sector. The course serves the purpose of handling business numbers and rationally presenting them. The course is very important among the CA aspirants. The duration of the course is flexible for candidates pursuing distance learning.
Why study PGD in Accountancy?
Candidates pursuing this degree can become efficient managers and leaders in the business world. Accounting and financial management is an evergreen course because it is the backbone for all business enterprises. Undoubtedly the course provides distinct knowledge about accounting relationships. Besides, it also inculcates skills that suggest excellent business communication. IPS candidates with the skills for granting as external auditors, taxation consultants, chartered accountants, and other high salary jobs. A brief about why a commerce candidate should pursue PGD in accountancy are here:
- Job opportunities: The course provides distinct job opportunities in the accounting and management sectors. Although there are other specialized courses for all the jobs out there, accounting is a specialty that holds jobs almost in every sector. A manager specializing in accountancy looks more attractive to business officials.
- Salary structure: PGD in accountancy tends to hold high salary jobs such as Chartered Accountancy. The average range of initial salary of a PGD Accountancy degree holder is 50,000 to 4 lacs. Due to heavy competence, candidates sometimes can get a salary as per their demands.
- Safety net: the course acts as a safety net as accounting will never go out of fashion. Business enterprises are always on the lookout for chartered accountants or accounting analysts with fresh knowledge. As experience in the field grows, the value of the candidate also accelerates. Besides, fresher candidates are immediately hired by the top companies.
- Specialization: There are not many candidates opting for accountancy. Because of the tough subjects and highly competitive exams, not every candidate gets the opportunity to excel in the field. Because of such stats, specialization is highly valued and demanded.
PGD in Accountancy: Admission Process
Admission procedure in PG diploma in accountancy varies from University to University. Most of them consider the marks obtained at graduation level or merit. At the same time, others depend on the entrance examination (multiple choice question pattern) for selection. Some common examinations such as CAT/CMAT can also be taken into consideration.
PGD in Accountancy: Eligibility Criteria
- Candidates with a UG degree from any recognized University/college with a minimum of 50% aggregate marks are eligible.
- More preference is given to candidates with Accountancy or any other commerce-based subject.
- Candidates in the final year of the UG course are also eligible to apply.
PGD in Accountancy: Admission
- For admission in PGD Accountancy, the candidate must complete their graduation.
- Merit in the bachelor's degree opens up opportunities for PGD aspirants.
- In some cases, candidates may have to appear for an entrance examination. It is usually MCQ-based. The exam tests students’ knowledge and background in commerce and accounting.
- Merit list after the examination is released shortlisting The eligible candidates.
- A group discussion or a personal interview round is held that determines the final selection.
Many Government universities in India offer admission in post-graduate diplomas through the merit list.
For admission to private universities, candidates can simply fill up the application form on the official website or visit the college about the admission procedure. The online application process is as under:
- Visit the official website of the college and register yourself.
- Login to your account and read the instructions carefully.
- Fill up the application form and all the personal details.
- Upload documents
- Double Check the application form before submitting it.
- Submit the application form and pay the application fee via net banking, credit card, or debit card.
- Take a printout of the application form and the fee payment receipt for future reference.
PGD in Accountancy: Entrance Exams
CAT: Common Admission Test (CAT) is a national-level entrance test conducted by IIM-A. The exam is of 3 hours duration and there are 3 different sections. The application fee for general students is INR 2,000 (INR 1,000 for reserved categories).
CMAT: It is a national-level entrance level test conducted by the NTA. The examination is an online Computer Based Test for three hours consisting of a hundred questions. The application fee for general students is INR 2,000 and INR 1,000 for any reserved category students (SC/ST/PwD)
PGD in Accountancy: Entrance Exam Dates
Refer to the below table for some of the important entrance examinations along with the application dates.
| Entrance Exams | Dates |
|---|---|
| CAT | Check CAT Exam Dates |
| CMAT | Check CMAT Exam Dates |
PGD in Accountancy: How to prepare for Entrance Exams?
To prepare for the entrance exam and get admission in PGD Accountancy, candidates can either self-study or join a coaching institute. Candidates studying themselves must at least complete the syllabus of the examination a fortnight before.
For the following steps and prepare for the entrance exam:
- Check the syllabus and exam pattern thoroughly. Make sure to go through all the reliable sources before finalizing the pattern you are studying. Take references from the web and observe how the question paper is set.
- Update yourself on the books available for studying and other study material. Learn from the latest editions available. Also, you can refer to old editions from libraries or several e-books on the web.
- Start preparing section-wiseThe modern. Don't cram everything that comes across. Begin step by step, jumping from a section to another. Master skills for a section and then go to the other one. Muddling through all the sections may result in confusion that will be of no good.
- Take reference from sample question papers. There are hundreds of web pages and official sites from which candidates can download sample question papers. This will help you understand the types and patterns of the question paper.
- Prepare every day and set deadlines for yourself. Don't just learn one day and skip the next ones. It is important to crack these competitive exams with consistency. Despite the very easy questions, it is the practice that gets you through. Test your limits and bound yourself to the number of questions and solving time per question. Manage accordingly.
- Learn from 100 percentiles. Follow the candidates who have cracked these examinations and reach out. Learn about the study pattern they followed and try to replicate. Besides, remember that every candidate has their own grasping power and potential. Don’t compare. Just try to follow the steps that have already been tested and are successful.
- Keep yourself healthy and Believe in yourself. Dont starve yourself in order to practice more. 15 mins won’t give you any extra time than 50 minutes. It is extremely important to stay healthy and fit. A fit brain only enhances concentration levels that will help you during the final examination. Stay positive and just give the best you can.
PGD in Accountancy: Syllabus
PGD in Accountancy is a one year course. It can be extended to two years depending upon the university or certain circumstances. Given below are the subjects of the course for reference.
| Semester I | Semester II |
|---|---|
| Strategic management | Financial accounting |
| Economics of global trade and finance | Business regulatory framework |
| Advanced financial accounting | Economics |
| Advanced cost accounting | Principles of marketing |
| Advanced financial management | Direct and indirect taxation |
| Advanced auditing paper | Indian financial system and financial market operations |
| Direct and indirect tax paper | Research methodology/project work |
| Projects | Seminars |
PGD in Accountancy: Distance Education
PGD in accountancy is also available through distance education or online mode.
The list of a few top universities offering the course is given below:
| College/ University | Admission Process | Fees (INR) |
|---|---|---|
| Amity University | Entrance-Based | INR 1,20,000 |
| University of Jammu | Merit-Based | INR 4,85,000 |
| IIS University | Entrance-Based | INR 11,000 |
| TKWs Institute of Banking and Finance | Entrance-Based | INR 2,30,000 |
| Indian Institute of finance and accounting | Entrance-Based | INR 45,000 |
PGD in Accountancy: Top Colleges
PGD in Accountancy is offered by various Indian universities. The admission process is either based on the merit of the UG Degree or through entrance exams conducted by some colleges.
| College/University Name | Fees (INR) |
|---|---|
| Indian School of Business Management and administration, Bangalore | INR 25,900 |
| Modern College of Engineering, Jhansi | INR 22,500 |
| Modern group of institutions, Jhansi | INR 22,500 |
| Jahangirabad Institute of Technology, Barabanki | - |
| Savitribai Phule Pune University, Pune | - |
| Hewett Polytechnic Lucknow | INR 19,840 |
| Government polytechnic, Lalitpur | INR 22,500 |
| Government girls polytechnic, Bareilly | INR 10,370 |
PGD in Accountancy: College Comparison
Below given is the comparison between Modern College of Engineering, Jhansi Vs Savitribai Phule Pune University, Pune Vs Indian School of Business Management and administration, Bangalore based on different parameters:
| Parameters | Modern College of Engineering, Jhansi | Savitribai Phule Pune University, Pune | Indian School of Business Management and administration, Bangalore |
|---|---|---|---|
| Level of Course | Postgraduate Diploma | Postgraduate Diploma | Postgraduate Diploma |
| Average Fees | INR 22,500 | NA | INR 25,900 |
| Duration | 1 year | 1 year | 1 year |
| Selection criteria | Merit-Based | Entrance-based | Entrance-based |
| Top Recruiters | Infosys, TCS, Wipro | Mahindra, TCS, VkC pride | HDFC Bank, Bajaj, Yamaha Motors |
PGD in Accountancy: Top Colleges Abroad
Candidates aspiring to pursue a post-graduate diploma in accountancy abroad can fill the forms online of the college/university interested. The course is highly paid and demanded by well-established MNCs globally. The top universities offering the course are:
| QS Ranking | College/University Name | Fees (INR) |
|---|---|---|
| 2 | University of Oxford | INR 13 lakh- INR 30 lacs |
| 3 | Stanford University | INR 10 lacs- INR 30 lacs |
| 5 | Harvard University | INR 39 lacs |
| 15 | University of Pennsylvania | INR 11 lacs- INR 20 lacs |
| 49 | London School of Economics and political science | INR 30 lacs |
| 2623 | Langara College, Vancouver, Canada | INR 6 lakh- INR 10 lakh |
| 5396 | Kwantlen Polytechnic University, Surrey, Canada | INR 8 lakh- INR 14 lacs |
| 7441 | Selkirk college, Castlegar, Canada | INR 5 lakh- INR 14 lacs |
PGD in Accountancy: Scope
A PG Diploma in Accountancy holds a huge scope in the commerce and business sector. Candidates can apply for MNCs and government sectors internationally. The degree holds value across the world.
After completion of the course, candidates are well equipped with technical and conceptual knowledge about accounting, finance, and statistics, opening opportunities in sectors such as banking and micro finances. Some of the major improvement areas after a post-graduate diploma in accountancy are:
- Customs department
- Economic consulting jobs
- Finance, commerce, and banking sector
- Import and export companies
- Indian Civil services
- Indian statistical services
- Insurance or investment industries
- Marketing and accounts sections of corporate sectors
PGD in Accountancy: Salary and Jobs
Candidates with the PG diploma in accountancy are offered high salary packages. Due to heavy competition and very strong selection procedures, they often get the demanded salaries from organizations hiring them. The average annual salary package ranges between INR 3 LPA to INR 4 LPA. With experience, expertise, and knowledge, the figures increase up to INR 8 LPA.
Top recruiters
All sectors, to manage their accounts and financial systems, need a specialist in accountancy. MNCs and banking sectors are among the major recruiters. To name a few:
| HDFC | Axis Bank | Vodafone | Aircel |
| ICICI | Yes Bank | ITC limited | IBM Global Services |
| Airtel (Bharti telecom) | GlobalLogic | Indus land Bank | Nestle |
| Metlife insurance | Sony Ericsson | Idea cellular | Citibank |
| Tata teleservices | Cera sanitaryware | State Bank of Hyderabad | MakeMyTrip |
PGD in Accountancy: Job Profiles
| Job title | Job description | Average annual salary |
|---|---|---|
| Chartered accountant | They offer financial advice, audit accounts, and provide information about the financial records. Financial reporting, taxation, auditing, forensic accounting, corporate finance, business recovery, insolvency, and accounting systems and processes are all a part of their job. | INR 3.30 LPA- INR 7.20 LPA |
| Investment analyst | They provide Research and information to help traders, stockbrokers, and fund managers to make decisions recording Investments. The managed investment portfolios and make sure that potential investment opportunities are optimized. | INR 2 LPA- INR 4.3 LPA |
| Financial analyst | They are responsible for financial planning, analysis, and projection for companies and corporations. Forecasting future revenues and expenditures to establish cause structures determining capital budgeting for projects is a huge part of the job. | INR 2 LPA- INR 3.3 LPA |
PGD in Accountancy: Skills Required
Candidates pursuing commerce are eligible to apply for a PG diploma in accountancy. However, there is a specific skill set and interest level. It is best suited for candidates who wish to explore the field of accountancy on an advanced level. Other finance-related subjects are also taught, and aspirants are most welcome.
Some basic skills that a candidate must possess are strong numerical and quantitative skills, problem-solving and analytical skills, effective communication skills, and good observing skills.
PGD in Accountancy: FAQs
Ques. What are my academic options after a PG diploma in accountancy?
Ans. After pursuing a PG diploma in accountancy, candidates can apply for programs such as a Ph.D. or M.Phil in accountancy or commerce. Candidates aspiring to become professors or lecturers can apply for UGC-NET or JRF exams. Based on their performance, they can find employment accordingly. For professional jobs, sectors such as banking, investment, and insurance are open. We can join accountancy and business services, including work areas such as taxation, advisory work, consultation, or management consulting.
Ques. Are masters in accounting and PG diplomas in accountancy different?
Ans. A postgraduate diploma is a shorter qualification as compared to a master's degree. The Academic level is the same. The only difference is that a master's degree takes into consideration assignments and projects. A diploma degree may or may not consider this.
Ques. Which is the highest paying profession after a PG diploma in accountancy?
Ans. Certified Public Accountant(CPA) is the highest paying profession with an average salary ranging between INR 7 lacs to 20 lacs per annum.
Association of chartered certified accountants (ACCA) is the second most paying profession after PGD Accountancy. The annual salary ranges from INR 6 lacs to INR 20 lacs.
Certified Management Accountant (CMA) is another highest paying course for accountants. Their average annual salary ranges from INR 5 lacs to INR 10 lacs in India.
Ques. Can PG diploma in accountancy course duration be extended?
Ans. The duration of the course is generally one year. It is divided into two equal semesters. However, in some cases, colleges or universities may agree to extend the course up to two years, depending upon the circumstances.
Ques. How is the exam conducted in PG diploma Accountancy?
Ans. The mode of examination is offline conducted at the end of each semester. The syllabus includes all the subjects and projects included in the particular semester. The final semester marks determine the successful completion of the course.
Ques. Is a post-graduate diploma in accountancy different from an advanced accounting course?
Ans. The postgraduate diploma is a regular Masters’s diploma of a year for 2 years (in some cases). On the other hand, an advanced diploma is a three-year degree course.
Ques. Can I get an equal job after a post-graduate diploma as that of a postgraduate degree?
Ans. You may get an equal job after pursuing a post-graduate diploma as that of a postgraduate degree. It is the skills that matter and not the type of degree being pursued.
Ques. What is advanced diploma accounting?
Ans. Advanced diploma accounting course focuses on developing analytical skills and a solid financial knowledge Foundation. It concentrates on all aspects of accounting and taxation that open the various career options in the financial domain.
Ques. Do I have to study cryptocurrency after pursuing a post-graduate diploma in accountancy?
Ans. Earlier, it wasn't important for accountants to understand cryptocurrency. But as it is becoming a growing financial market with tax implications it becomes important for candidates pursuing a PG diploma in accountancy to learn about cryptocurrency. It is an important aspect while auditing for MNCs. Moreover, candidates who understand cryptocurrency are preferred for the job options.
Ques. Can I pursue a post-graduate diploma in accountancy if I have not completed the bachelor's degree?
Ans. There is a slight chance that candidates can apply for birth certificate verification without the first degree. Condition being, that candidate must be able to provide evidence of subject knowledge and ability.
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