PGDM in Finance Course: Eligibility, Fees, Admission, Duration
PGDM in Finance is a two-year postgraduate course that aims at making students understand financial principles, practices, the functioning of financial markets, strategies for financial risk management, etc. Students also learn the usage of advanced financial management tools such as SPSS. Algorithm trading software, portfolio management software, etc.
As part of the PGDM in Finance admission criteria, candidates must clear their bachelor's degree with a minimum of 50% marks or unreserved and 45% for SC/ST/PwD category from an accredited university. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as XAT, CAT, MAT, etc. The average PGDM in Finance fees is in the range of INR 2-8 LPA.
Table of Contents
- What is PGDM in Finance Course?
- PGDM in Finance Eligibility Criteria
- Why Choose PGDM Finance Course?
- PGDM Finance Admission 2023
- PGDM in Finance Entrance Exams
- Top 10 PGDM in Finance Colleges in India
- Types of PGDM Finance Courses
- PGDM Finance Syllabus and Subjects
- PGDM in Finance vs MCom in Finance
- Courses After PGDM in Finance
- Salary of a PGDM in Finance in India
- Career Options After Postgraduate Diploma in Management in Finance Course
- Skills to Excel as a PGDM in Finance Graduate
PGDM in Finance Course Details
| Degree | Postgraduate Diploma |
| Full Form | Postgraduate Diploma in Management in Finance |
| Duration | 2 Years |
| Minimum Percentage | Bachelor’s Degree from a recognised university with a minimum aggregate of 50-55% marks |
| Average Fees | ₹1 - 20 LPA |
| Similar Options of Study | PGDM, MBA Finance |
| Average Salary | INR 4-17 LPA [Source: Payscale] |
| Employment Roles | Finance and Admin Manage, Associate Professor, Finance Manager, Private Banker, Portfolio Manager, Business Analyst, Budget Analyst, Market Advisor |
| Top Recruiters | Motilal Oswal Financial Services, Regions Financial, Genpact, ABC,Bajaj Finance |
What is PGDM in Finance Course?
The PGDM Finance course falls under the umbrella of PGDM courses, it focuses on providing knowledge about financial management, financial planning, financial analysis, investment banking, and equity analysis. The course is provided by top colleges like Arun Jaitley National Institute of Financial Management, Fore School of Management, etc.
After completion of the PGDM Finance course, graduates can work in real estate finance, hedge funds, the insurance industry, etc. The average salary of a PGDM in Finance graduate ranges between INR 4-17 LPA [Source: Payscale].
PGDM in Finance Eligibility Criteria
PGDM Finance course eligibility factors may differ based on the college requirements such as entrance exam score cut-off, work experience requirement, etc. Below listed are the common PGDM Finance eligibility criteria:
- Candidate should have completed a bachelor's degree in BCom, BBA, or any equivalent degree from a recognized university with a minimum of 50-55% marks for unreserved category and 45% marks for reserved category students. The candidate is also required to clear entrance exams like CTA, MAT, CMAT, MH-CET, etc.
- Colleges like IIM Kozhikode may also require a candidate to have a minimum full-time work experience of 2 years.
- There is no specific age restriction for an MBA, but some exams, like ATMA, do have a minimum age criteria of 21 years at the time of application.
Why Choose PGDM Finance Course?
PGDM in Finance graduates can pursue jobs in India and abroad in Multinational corporations. They are hired in organizations such as Investment Banking, Retail Banking, Insurance Companies, etc. Below are a few insights regarding why one should choose the PGDM Finance course:
- The finance sector in India is estimated to grow at a rate of 10.3% by the year 2030, leading to higher employment options for graduates.
- Globally the financial management industry is expected to grow at a CAGR of 15% between the year 2019-2029.
- The graduate can work in various ranges of roles such as finance manager, credit analyst, investment analyst, etc., in both private and public sectors.
PGDM Finance Admission 2023
The PGDM Finance course admission process is based on merit and entrance exam results. There is no direct admission done for full-time enrollment in this course. The following is a list of the admissions process:
- Step 1: The applicant must clear the college's published entrance exam cut-off.
- Step 2: Students must complete the online or offline application for admission to the college.
- Step 3: Candidates will be chosen for the next step of the procedure based on their eligibility requirements and entrance exam qualifying cut-off scores.
- Step 4: The candidate needs to appear for the GD and Personal Interview process. For the selection process, the weightage for GD and PI performance is between 45-50% for most of the colleges like Indira School of Business, IILM Lucknow, etc.
- Step 5: Students must pay the admissions fee and submit the required paperwork, which includes mark sheets and identification verification, once the college releases the final merit list.
PGDM in Finance Entrance Exams
PGDM Finance entrance exams are a crucial part of the admission process. The candidate needs to qualify for the required cut-off for entrance exams such as MAT, CMAT, etc. Few colleges may also accept the scores of state-level exams such as MH-CET, etc. Listed below are the PGDM Finance entrance exam details:
|
PGDM Finance Entrance Exams |
Registration Date |
Accepting Colleges |
Registration Details |
|
Aug 17 - Sep 14, 2023 |
Arun Jaitley National Institute of Financial Management, Ramaiah Institute of Management Studies, etc. |
||
|
Aug 2 - Sep 13, 2023 |
IIM Kozhikode, Indira School of Business, etc. |
||
|
Aug 10 - Dec 11, 2023 |
Arun Jaitley National Institute of Financial Management, IILM Lucknow, etc. |
||
|
Aug 10 - Dec 11, 2023 |
IILM Lucknow, NDIM, ITM Group of Institutions, etc. |
||
|
Aug 29, 2023 |
IIM Kozhikode, NDIM, etc. |
Top 10 PGDM in Finance Colleges in India
The PGDM Finance course in India is certified by the AICTE, and the course gears students up for a lucrative career in financial management. Listed below are the top colleges for PGDM in Finance in India along with their average tuition fees:
|
NIRF Management Ranking 2023 |
Colleges |
Average Fees |
|
3 |
INR 10.25 LPA |
|
|
63 |
INR 3 LPA |
|
|
76 |
INR 3.45 LPA |
|
|
78 |
INR 7.35 LPA |
|
|
99 |
INR 5.30 LPA |
|
|
- |
INR 9 LPA |
|
|
- |
INR 4.10 LPA |
|
|
- |
INR 4 LPA |
|
|
- |
INR 2.15 LPA |
|
|
- |
- |
Types of PGDM Finance Courses
Students can opt to pursue PGDM Finance as a full-time, online course, distance, and executive PGDM Finance programme. Below listed are PGDM in Finance course details:
|
Types |
PGDM Finance Eligibility |
Duration |
|
Full-Time PGDM in Finance |
Bachelor's degree with a minimum of 50-55% aggregate for unreserved category students and 45% for reserved category students + Entrance Examination |
2 Years |
|
Distance PGDM in Finance |
Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category |
2-5 Years |
|
Online PGDM in Finance |
Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category + 2 years Full-time Work Experience |
2 Years |
|
Executive PGDM in Finance |
Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category + 3-5 years Full-time Work Experience |
1-2 Year |
Distance PGDM Finance Course
The distance PGDM in Finance course curriculum is similar to regular PGDM courses and offers students flexibility in learning and is cost-effective. Below are the distance PGDM in Finance course details:
- The duration of a Distance PGDM in Finance is 2-5 years.
- A distance PGDM Finance course can be pursued at colleges like IMT-CDL with a combination of PGDM in Finance and Banking, IGNOU, etc.
- There is no upper age limit to enroll in the course.
- The average distance PGDM Finance course fee is in the range of INR 10,000-75,000 PA.
Online PGDM Finance Course
The online PGDM Finance course is approved by AICTE and offers students great employment opportunities and learning exposure, Below listed are some of the important pointers regarding the online PGDM Finance course:
- The online PGDM Finance course in India is provided by top colleges like MDI Gurgaon, Amity University, MIT School of Distance Education, etc.
- MDI Gurgaon offers online PGDM in Finance with a dual specialization of accounting and finance.
- The average course fee is in the range of INR 1-4 LPA.
Executive PGDM in Finance
The executive PGDM in Finance is for working professionals having an experience between 3-5 years as a full time employee and are looking to advance their career and domain expertise. Below listed are details regarding the Executive PGDM in Finance course:
- The course is provided by top colleges like the Institute for Innovative and Integrated Management Studies, IMT Hyderabad, etc.
- The average course fee is in the range of INR 85,000-3 Lakhs.
- IIM Indore also offers a similar Postgraduate Certification Program in Finance for working professionals.
PGDM Finance Syllabus and Subjects
PGDM in Finance syllabus is divided into four semesters. The first and second semesters of the course focus on understanding principles of management and their application in finance along with some advanced topics like investment management, financial reporting, etc.
The second-year PGDM in Finance syllabus delves deeper into advanced financial management topics such as corporate valuation, financial derivatives, portfolio management, etc.
Below are listed some of the PGDM in Finance subjects in detail:
|
PGDM in Finance Subjects |
Topics Covered |
|
Financial Management |
Time Value of Money, Cost of Capital, Dividend Policy, Financial Ratios and Analysis, Capital Structure, etc. |
|
International Finance |
Currency Risk Management, International Capital Budgeting, FDI, Global Trade Agreements, etc. |
|
Financial Modeling |
Valuation Techniques, Sensitivity Analysis, Risk Assessment, Integrated Finance Models, etc. |
|
Financial Markets and Institutions |
Role of Financial Intermediaries, Financial Regulations, Types of Financial Markets, Investment Banking, etc. |
Read More: PGDM Finance Syllabus and Subjects
PGDM in Finance vs MCom in Finance
PGDM in Finance is offered by business schools and is focused on an industry-oriented approach, whereas MCom in Finance is offered by universities and is inclined toward an understanding of theoretical and research-based finance concepts. Below listed are the key differences between PGDM in Finance and MCom in Finance:
|
Course |
PGDM in Finance |
MCom in Finance |
|
Full-Form |
Postgraduate Diploma in Management Finance |
Master of Commerce in Finance |
|
Stream |
Management |
Commerce |
|
Duration |
2 Years |
2 Years |
|
Eligibility |
A minimum of 50-55% marks in any bachelor’s degree from a recognized university. |
A minimum of 45-50% marks in BCom or related degree from a recognized university. |
|
Exam |
CAT, GMAT, CMAT, etc. |
SUAT, BHU PET, JUET, etc. |
|
Top Colleges |
Arun Jaitley National Institute of Financial Management, IILM Lucknow, Fore School of Management, etc. |
Shri Ram College of Commerce, Christ University, MCC, etc. |
|
Average Fees |
INR 2-8 LPA |
INR 5,000 - 1 LPA |
|
Average Salary |
INR 4-17 LPA [Source: Payscale] |
INR 3-8 LPA [Source: Payscale] |
|
Job Roles |
Finance Manager, Financial Analyst, Management Consultant, etc. |
Finance Educator, Compliance Officer, Investment Banker, etc. |
Read More: MCom in Finance
Courses After PGDM in Finance
Upon completing the PGDM Finance course, students may choose to opt for higher education. Additionally, if the students are interested, it can help them enter the field of research.
Listed below are some of the courses after PGDM in Finance, that students can pursue in order to enhance domain expertise and skills:
- PhD
- Certified Financial Analyst Course
- Advanced Certification Course in Financial Technology
- Advanced Excel and Financial Modeling Course
- Chartered Alternative Investment Analyst Course
Salary of a PGDM in Finance in India
PGDM in Finance graduate salaries range between INR 4-17 LPA (Source: Payscale). The salary varies as per the candidate's experience, technical skills, job location, etc, such as the finance freshers working in Delhi earn an average salary of INR 6.11 LPA, whereas the finance graduates working in Bangalore earn an average salary of INR 6.97 LPA. Below are the top job profiles for PGDM in Finance graduates:
|
Job Role |
Average Salary |
|
Operations Manager- Banking |
INR 7.49 LPA |
|
Management Consultant |
INR 7.15 LPA |
|
Senior Associate-Investment Banking |
INR 5.26 LPA |
|
Risk Analyst |
INR 7.83 LPA |
[Source: Payscale]
Career Options After Postgraduate Diploma in Management in Finance Course
PGDM Finance graduates have vast career options to work in different domains of finance such as investment, asset management, banking, FinTech, etc. Below are listed the top job roles along with their job descriptions, average salary, and top hiring companies for PGDM in Finance graduates:
|
Job Designations |
Hiring Companies |
Average Salary |
|
Finance Manager |
ABC, Reliance Industries, Accenture, etc. |
INR 16.50 LPA |
|
Financial Analyst |
XL Dynamics, Accenture, Wells Fargo, etc. |
INR 5.76 LPA |
|
Credit Analyst |
Axis Bank, Crisil, ICICI Bank, etc. |
INR 9.19 LPA |
|
Risk Manager |
Amazon, EY, American Express, KPMG, etc. |
INR 14.51 LPA |
Read More: Career Options After PGDM Finance
Top Recruiters for PGDM Finance Course
PGDM in Finance graduates are recruited by companies in financial and banking services, e-commerce, education, IT industry, etc. Below is a list of top recruiters that hire PGDM in Finance graduates along with their average salaries:
|
Top Recruiter |
Average Salary |
|
Motilal Oswal Financial Services |
INR 17 LPA |
|
Regions Financial |
INR 10 LPA |
|
Genpact |
INR 14.45 LPA |
|
ABC |
INR 10.84 LPA |
|
Bajaj Finance |
INR 6.36 LPA |
[Source: Glassdoor]
Skills to Excel as a PGDM in Finance Graduate
In order to excel as a PGDM Finance graduate one needs to have strong analytical and problem-solving skills along with domain knowledge. Below are a few skills required by a PGDM Finance graduate:
- Quantitative Proficiency: The graduate needs to be proficient with numbers in order to analyze large data sets and drive financial insights for business growth.
- Negotiation Skills: Negotiation skills help graduates to bring sales to business by bringing contracts and deals from clients, partners, and stakeholders.
- Advanced Excel Skills: The graduate needs to be well-versed in Excel to create financial models using advanced formulas, data manipulation, etc.
- Knowledge of Financial Software: It is essential to have knowledge of financial software for effective data administration, analysis, and modeling.
Top PGDM in Finance Colleges
Top Management Entrance Exams
Exam Date: May 19, 2024
PGDM in Finance Fee Structure
FAQs on PGDM in Finance
Q: What is the eligibility for PGDM in Finance course?
A: A minimum of 50-55% marks for unreserved category students in their bachelor's degree and 45% for reserved category students from a recognized university.
Q: What is the difference between PGDM Finance and MBA Finance?
A: PGDM Finance programs often have a more practical approach, with a focus on case studies and real-world applications. On the other hand, MBA Finance programs may have a more theoretical and research-oriented approach, exploring concepts in depth.
Q: What is the PGDM Finance syllabus?
A: PGDM Finance syllabus includes topics like corporate finance, managerial economics, financial accounting, investment management, etc.
Q: What is the average salary of a PGDM in Finance graduate?
A: The average salary of a PGDM Finance graduate is in the range of INR 4-17 LPA (Source: Payscale)
Q: What job opportunities are available to graduates after completion of PGDM in Finance?
A: After completion of the PGDM Finance course, graduates can work as investment bankers, finance managers, financial analysts, credit analysts, etc.
Q: Which are the top colleges to pursue PGDM in Finance?
A: Some of the top colleges offering PGDM Finance courses include Arun Jaitley National Institute of Financial Management, IILM Lucknow, Xavier Institute of Social Science, etc.
