PGDM in Finance is a postgraduate diploma level course for a duration of 1 to 2 years, which is all about the development of financial management skills. The course can also be completed within 1 year if the institution you study in allows it.
Candidates wanting to study PGDM in Finance must hold a relevant UG degree in any discipline. They may need to clear entrance exams such as CAT, MAT, .SNAP, etc. The admissions to PGDM in Finance are done based on the entrance exams held. These entrance exams may be national-level, state level, or even institute-specific. The top colleges offering this course are IIM Ahmedabad, IIM Lucknow, XLRI, NMIMS, etc. and the average course fees range between INR 50,000 to INR 3,00,000.
After successfully completing the course, the student will be able to pursue a variety of careers, such as Finance Manager, Investment Banker, Financial Advisor, Financial Planner, Equity Analyst, and Banker. Candidates can also opt for a Ph.D. in the related field after completing this course.
Table of Content
1.1 Why Study PGDM in Finance?
2.1 Eligibility
2.2 Admission 2024
2.3 Entrance Exam
3.1 Full Time
3.2 Online
4.2 Top Colleges
PGDM in Finance: Course Highlights
| Course Level | PG Diploma |
| Duration of the course | 1-2 years |
| Examination type | Semester |
| Eligibility criteria | Graduation in any discipline |
| Admission Process | Entrance Exam and Merit-Based |
| Course Fee | INR 50,000 to 4,50,000 |
| Average Starting Salary | INR 50,000 to 15,00,000 |
| Top recruiting companies | Research and Educational Institutes, AIG, Boeing, Banks, Philips, JP Morgan Chase |
| Job Positions | Bank Officer, Bank Manager, Financial Planner, Treasurer |
PGDM in Finance: What is it about?
- The PGDM in Finance courses requires critical thinking and analyzing abilities. These critical intellectual areas include working with capital management and knowledge of international finance.
- PGDM in Finance is a course designed for qualified candidates to broaden their knowledge of financial management topics such as working capital management, international finance, and merger acquisition, among others.
- The course trains eligible students to become experts in the subjects of finance and financial management.
- The graduates of PGDM in Finance are well equipped with knowledge in finance and are ready to own the responsibilities of a financial manager in an organization.
- PGDM in Finance course assists and provides extensive knowledge in analyzing cost centers, organizational expenses, and creating effective balance sheets and is best suited to the people already serving in the financial service market or wish to enter the industry.
Why Study PGDM in Finance?
- PGDM in Finance is less time consuming and less expensive than a Master's degree.
- You have the opportunity to change careers or begin a career as a professional in the field very soon.
- You can broaden your practical knowledge in the areas of finance and financial management.
- The PGD in Financial Management course is ideal for managers looking for admission courses to help them work more efficiently in the banking and financial services industries such as insurance, mutual funds, and loans.
- This course benefits learners by improving their ability to manage critical situations in financial areas, allowing them to be responsible for more benefits.
PGDM in Finance: Admission Process
Admission to the PGDM in Finance course varies depending on the institution. Mostly the admissions are done based on entrance exams only. The modes of admissions are given below:
- The candidates are chosen based on their performance in the entrance exam held and are promoted to the next round of selection.
- The short-listed candidates may also be required to attend an interview in order to be admitted to this course.
PGDM in Finance: Eligibility Criteria
The candidates aspiring to pursue PGDM in Finance must keep in mind the eligibility criteria; which is given below:
- Candidates are required to have a UG degree in any stream of study like BE, BSc, BBA, BCom, BCA, BA etc.
- The candidates in their final year of degree can also register for the exam.
- The candidate should mandatorily qualify in the entrance exam held for admissions. Failing which, the candidate will not be admitted.
- Along with academics, work experience and internships also matter a lot while shortlisting the candidates.
PGDM in Finance: Admissions 2024
- Candidates for admission to the PGDM in Finance course will be admitted based on their performance in the respective entrance examination and Personal Interview, or on their merit in the Bachelor's degree examination.
- The admission period for PGDM in Finance usually starts in the month of June and may go on until August.
- The entrance exam dates have been postponed and colleges like; PDPU, MNIT Jaipur, Panjab University have rolled out their application forms.
PGDM in Finance: Entrance Exam
Types of Courses
PGDM in Finance is offered in multiple ways of learning and the candidates can choose between these according to their preference and comfort. Although the full-time course is the most popular and efficient, those who cannot pursue it can opt for online mode or even distance education.
Full-time
PGDM in Finance is a Postgraduate diploma-level course that is all about the development of financial management skills. Depending on the institution, the course duration ranges from one to two years.
PGDM in Finance applicants must hold a relevant bachelor's degree in any discipline from a recognized college or university in order to apply for this course. Although there is no emphasis on the subject required, Finance studied at the UG level will surely help.
Online
Online courses in the areas of interest of PGDM in Finance can be found online. These courses help in skill up gradation and enhance the employability of the candidates.
| Course name | Platform | Fees |
|---|---|---|
| Post Graduate Diploma in Finance and Accounting | AmityOnline | INR 1,50,000 |
| Financial Management | Coursera | Free |
| Accounting and Finance | Edx/IIMBx | Free (optional upgrade available) |
| Program Certificate in Financial Management | IBM Germany | INR 750 |
| The Complete Finance Manager Course | Udemy | INR 490 |
PGDM in Finance: Distance Learning
A few universities and colleges across India provide PGDM Finance programs via distance learning. When taking this course via correspondence, the course duration is extended and usually takes a maximum of 3 years. The course is best suited for working professionals who don’t have time to pursue a full-time course.
Admission Process
- Mostly the admissions are done based on entrance exams only. The modes of admission are given below:
- Direct admission to the PGDM in Finance course is offered by some institutes.
- Applicants are carefully chosen on the basis of merit, which is calculated based on performance in the qualifying exam.
Top Colleges
| College Name | Average Fees(INR) |
|---|---|
| IMT-CDL Ghaziabad | INR 66,000 |
| SCDL Pune | INR 50,000 |
| MIT School of Distance Education Pune | INR 42,000 |
| IGNOU Delhi | INR 10,800 |
PGDM in Finance: Syllabus
| Semester I | Semester II |
|---|---|
| Accounting System | Taxation (Direct and Indirect) |
| Cost and Management Accounting | Financial Management |
| Financial Markets | International Finance |
| Financial Statement Analysis | Investment Management |
PGDM in Finance: Top Colleges
| College Name | Average Fees |
|---|---|
| IIM Ahmedabad | INR 23,00,000 |
| IIM Bangalore | INR 23,00,000 |
| IIM Calcutta | INR 24,00,000 |
| IIM Lucknow | INR 10,50,000 |
| IIM Kozhikode | INR 10,25,000 |
| IIT Delhi | INR 9,60,000 |
| IIT Kharagpur | INR 4,68,000 |
| IIT Roorkee | INR 4,16,000 |
| XLRI Jamshedpur | INR 11,80,000 |
| IIM Indore | INR 16,00,000 |
PGDM in Finance: Top Colleges Abroad
The educational requirements and other requirements are given below to study PGDM in Finance Abroad are given below
Educational Requirements: The candidate should have passed class 10+2 from a recognized board in India and should have scored at least 50% marks. The candidate should have a valid IELTS score above 5 and/or a PTE score and the IELTS score should at least be 6 whereas the PTE score should be a minimum of 50.
Other Requirements include
- Strong financial background, or arrangement of student education loans.
- VISA should be approved beforehand.
- Internship and other such opportunities must be fully utilized.
| College | Average Fees |
|---|---|
| Oxford University, UK | INR 63,70,000 |
| London Business School, UK | INR 59,30,000 |
| MIT, USA | INR 56,90,000 |
| HEC Paris, France | INR 46,90,000 |
| Cambridge University, UK | INR 57,70,000 |
| UC Berkeley (HAAS), USA | INR 51,10,000 |
| ESSEC Business School, France | INR 39,10,000 |
| UCLA, USA | INR 49,20,000 |
| London School of Economics, UK | INR 37,40,000 |
| Bocconi University, Italy | INR 15,00,000 |
PGDM in Finance: Jobs
| Job Profile | Job Description | Average Salary |
|---|---|---|
| Equity Analyst | He must analyse financial data and make changes as needed, as well as review stocks and bonds and write an equity research report. Based on the organization's work, he has a variety of responsibilities. | INR 4 – 12 LPA |
| Financial Advisor | He advises and assists clients in determining long-term and short-term financial goals such as purchasing a home, paying for children's education, and so on. He also advises on investments, insurance, and taxes, among other things. | INR 8 LPA |
| Financial Planner | He advises and assists clients in determining long-term and short-term financial goals such as purchasing a home, paying for children's education, and so on. He also advises on investments, insurance, and taxes, among other things. | INR 3 – 7 LPA |
| Investment Bankers | Investment bankers have a unique set of responsibilities that include new stock issues, mergers and acquisitions, and acting as financial advisor to a number of high-profile clients. | INR 20 LPA |
| Financial Managers | They are in charge of the organization's financial health and produce the organization's financial report. His actions have a direct impact on the organization's growth and reputation, and he is also in charge of all financial functions. | INR 9,00,000 |
| Bankers | Bankers assist their clients in making money in capital markets by providing debt or selling equity debts within corporations. | INR 3 – 5LPA |
PGDM in Finance: Top Recruiters
| Abbott | CBRE |
| ICICI BANK | KPMG |
| Yes Bank | Airtel |
| Accenture | City Union Bank |
| Tata Capital | Bajaj Capital |
| MTR | TIME |
| Kotak Mahindra | Bajaj Finserv |
| JP Morgan | Morgan and Stanley |
| Deloitte | Bank of America |
PGDM in Finance: Scope
- Career: Asset management, retail banking, financial advisory, taxation, corporate finance, investment banker, risk management, equity analyst, business analyst, and other finance careers were considered. The jobs are available in big cities of India like Delhi, Mumbai, Bangalore, Hyderabad etc. employment opportunities are also available in foreign countries.
- PhD Management Studies: This programme allows candidates to expand their knowledge and skills in management studies while also providing comprehensive jobs in finance, accounting, marketing, and public relations concepts.
- PhD in Finance and Accounting: PhD in Finance and Accounts is a three-year full-time course that can be extended to five years and deals with advanced finance and accounting.
PGDM in Finance: FAQs
Ques. Is the PGDM finance exam difficult to pass?
Ans. Some subjects may be difficult, but don't let them bog you down. Instead, recognize your true potential and continue to improve in those areas. I'm confident you'll breeze through Finance.
Ques. What is the average salary of an Investment Banker after completing PGDM Finance?
Ans. The average salary is between INR 3,00,000 to INR 4,00,000 for an Investment Banker after completing the PGDM Finance course.
Ques. What are the higher studies options after completing the PGDM Finance course?
Ans. The higher studies options are PhD in Management Studies, PhD in Finance and PhD in Accounting.
Ques. What is the average starting salary after completing PGDM Finance in India?
Ans. The average starting salary is from INR 2,00,000 to INR 15,00,000 after completing PGDM Finance in India .
Ques. What are the top recruiting companies after completing a PGDM Finance course?
Ans. The top recruiters of PGDM Finance course are AIG Bangalore, Boeing Bangalore, AMC’S, etc
Ques. Is an MBA better than a PGDM?
Ans. MBA and PGDM are the most popular management programmes. The primary distinction between the two is that the MBA focuses on theoretical skills, whereas the PGDM is more industry-oriented. In addition, the fee for the PGDM course is slightly higher. Colleges must be accredited by the Association of Indian Universities in order for a PGDM to be equivalent to an MBA (AIU).
Ques. Which institute will offer a one-year PGDM in finance?
Ans. Many colleges, including PIBM, Balaji, Indira, MIT, ITM Navi Mumbai, and Welingkar Institute, offer PGDM in Finance for one year.
Ques. Is it better to pursue a PGDM in Financial market or a PGDM in finance?
Ans. You should know that both the specializations are completely different from each other. You can choose whichever your interest lies in. If it’s about finance, then PGDM in Finance should be a safe bet.
Ques. What's the difference between PGDM and PGDM finance?
Ans. PGDM and PGDM in Finance are the same. But the notable difference is that PGDM in Finance specializes only in Finance whereas the PGDM course focuses more widely and generally on the aspects of business and management. PGDM can also be pursued with double specializations.
Ques. What is the average fees for PGDM in Finance in India?
Ans. The fees for PGDM in Finance varies with the institution, location and many other factors. However, in general the fees for PGDM in Finance in India is about INR 50,000 to 4,50,000 per year.
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