“Finance is not merely about making money. It is about achieving our deep goals and protecting the fruits of our labour. It is about stewardship and therefore about achieving a good society.” – Robert J. Shiller. Considered as the study of money, investments, risks, debit and credit and market trends, a career in finance is one of the most lucrative professions you can opt for. Every business strives to improve profits and revenues by coming up with efficient financial strategies and policies and the professionals in financial management have a very important role to play in envisioning and drafting these strategies and policies. Having tons of career opportunities pertaining to it, numerous young aspirants have now started going for a degree in PGDM in Finance to polish their financial management skills and gain the required set of skills to make a bright career in this field. Let’s have a look at everything you need to know about the PGDM in Finance course.
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Post Graduate Diploma in Management (Finance) or PGDM in Finance is a one or two-year full-time graduate course that aims to produce the cadre of professionals who have strong critical thinking and problem-solving skills when it comes to managing the financial matters of an organization, be it small or big. Amongst the commonly chosen PGDM courses and one of the most sought-after short term courses in Finance, this program has an interdisciplinary approach as it covers major aspects of varied subfields like economics, cost accounting, corporate finance, human relations, information technology and other quantitative techniques alike. Basically, a PGDM in Finance equips students with a deeper knowledge of regarding cost analysis, making balance sheets, minimizing costs and maximizing revenues, etc.
Also Read: Diploma in Banking and Finance
Eligibility Criteria for PGDM in Finance
Pursuing a PGDM in Finance course takes a great deal of exceptional financial management skills as well as the ability to think critically. However, the students gearing up for this program need to fulfil certain eligibility conditions which prove that they are a prospective candidate for this PGDM course. Though different institutes have their own set of qualifications, yet here are some common eligibility standards a candidate needs to meet.
- A bachelor degree in Finance or equivalent with an aggregate of at least 60% from a recognized university.
- The candidate must have passed IELTS or TOEFL with a good score and should be able to produce a valid scorecard.
- SOP (Statement of Purpose)
- LORs (Letter of Recommendation)
Subjects in PGDM in Finance
Equipping students with the specialised knowledge and techniques to manage the financial matters in an organization, here are some of the major subjects taught under PGDM in Finance.
- Principles of Management
- Managerial Economics
- Capital Market
- Portfolio Management and Security Analysis
- Banking Regulations and Laws
- Financial Accounting and Analysis
- Business Ethics
- Strategic Management
- Investment Analysis
- Insurance and Risk Management
- International Financial Management
- Financial Modeling and Simulation
- Corporate Taxation
- Cost Accounting
- Business Communication
- Organizational Behaviour
- Forex Management
- Mergers, Acquisitions and Corporate Restructuring
Also read: Master of Finance
Following a high demand for professionals in financial management, more and more universities have introduced graduate diploma courses that incorporate the study of this specialised field. Enlisted below are the top universities that offer PGDM in Finance and its equivalent graduate diploma courses across the globe.
- The University of Melbourne
- University of Oxford
- Fanshawe College
- Dublin Business School
- Sydney Business School
- Singapore Institute of Management
- Northwestern University
- University of London
- Douglas College- New Westminster
Career Prospects after PGDM in Finance
A PGDM in Finance course broadens the horizons of students by offering them diverse career opportunities in not just one area, but a plethora of them. Let us have a look at the various employment areas that you can explore after completing this program.[optin-monster-shortcode id=”xf2mlnjiouddzrshykdb”]
- Investment Banking
- Retail Banking
- Insurance Companies
- Government Positions
- Management Consultancies
- Accountancy Firms
- Export Companies
- Business Consultancies
- Non-profit Organizations
- Educational Institutes
Further, several job profiles that a PGDM in Finance graduate can look for are as follows:
- Equity Research Analyst
- Business analyst
- Financial advisor
- Actuarial Analyst
- Brand Manager
- Risk Analyst
- Relationship Manager
- Project Manager
- CA After Graduation
- Investment Banking
- Corporate Banker
Opening doors to the diverse career opportunities in the field of finance, PGDM in Finance has been one of the most popular and preferred courses among graduates as well as working professionals. If you are aspiring to study this pg diploma course, sign up for a 30-minute free career counselling session with our Leverage Edu experts and let us help you find a suitable university as well as sorting out the application process to ensure that you take the right step towards a rewarding career.