PGDM in Finance

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PGDM in Finance

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. Considering 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.

Course Name PGDM in Finance
Course Level Post Graduate
Duration 2 years
Examination Type Semester-Wise
Eligibility More than 50% of Bachelor’s
Admission Process Merit-based and Entrance-based
Average Course Fee 50,000 – 5 Lakhs 
Average Starting Salary 2-15 Lakhs
Top Recruiters McKinsey, SBI, Barclays, AIG, Deutsche Bank

PGDM in Finance: Course Overview

Post Graduate Diploma in Management (Finance) or PGDM in Finance is a one or two-year full-time graduate course that aims to produce a 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.

Must Read: PGDM Courses

Why Study PGDM in Finance?

Before you decide to pursue a PGDM in finance, you should consider why. There should be compelling reasons for you to invest time and money in this course, as it will determine your career and future. Here are some of the reasons why a PGDM in finance is a good choice.

  1. Career Opportunities – The financial industry offers numerous career opportunities. It is one of the world’s most important industries. As a result, once you join this industry, your career will accelerate.
  2. Developing Industry – The finance industry is expanding all over the world, particularly in India. This means that positive growth will continue for the foreseeable future. There will be ups and downs, but the market will recover quickly. The finance industry is also moderated, which makes it safe.
  3. Numerous Professions – There are numerous professions available in finance. You can discover which field interests you the most during the course and then pursue a career in that field.
  4. High Salary – Because this course is all about money, you can be confident that you will earn a high salary with excellent benefits. Of course, this is dependent on the company you work for and your negotiation skills, but with a PGDM in finance, you are already well-positioned to earn a good living.
  5. Job Changes – The finance industry has the advantage of having a lot of competition and a lot of big players. As a result, you will have numerous job opportunities and opportunities to switch jobs at higher pay.

Also Read: Diploma in Banking and Finance

Types of Programmes

The PGDM in Finance is available in a variety of learning formats, and candidates can select the one that best suits their needs and preferences. Although the full-time course is the most popular and efficient, those who are unable to do so can study online or through distance education.

Full-Time

The Postgraduate Diploma in Finance is a Postgraduate Diploma level course that focuses on the development of financial management skills. The course duration varies by institution and ranges from one to two years.

Applicants for the PGDM in Finance must have a relevant bachelor’s degree in any discipline from a recognised college or university. Although there is no emphasis on the subject required, Finance studied at the undergraduate level will undoubtedly be beneficial.

Online Courses

Online courses in PGDM in Finance areas of interest can be found. These courses help candidates improve their skills and increase their employability.

Course name Platform Fees
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

Distance Learning

A few universities and colleges in India offer PGDM Finance programmes through distance learning. When taking this course by correspondence, the course duration is extended to a maximum of three years. The course is ideal for working professionals who do not have the time to pursue a full-time programme.

Eligibility Criteria

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 prospective candidates for this PGDM course. Though different institutes have their own set of qualifications, here are some common eligibility standards a candidate needs to meet.

  • A bachelor’s 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 (Letters of Recommendation)

Admission Process

Admission to the PGDM in Finance programme varies by institution. The majority of admissions are based solely on entrance exams. The following are the admissions methods:

  • Candidates are chosen for the next round of selection based on their performance in the entrance exam.
  • In order to be admitted to this course, short-listed candidates may be required to attend an interview.

Syllabus

Equipping students with the specialised knowledge and techniques to manage financial matters in an organization, here is the syllabus for PGDM in Finance.

SEMESTER I SEMESTER II
Management Functions & Behaviour Operations Management
Human Resource Management Marketing Management
Economic and Social Environment Managerial Economics
Introduction to Information Technology Quantitative Techniques for Managers
Strategic Management
Semester III Semester IV
Marketing Management (MM) Business Law & Corporate Governance
Financial Management (FM) International Business
Human Resource Management (HR) Management Information Systems
Information Systems (IS) Research Methodology
Operations Management (OM) Project Work
International Business (IB)
Insurance Management (IN)

Also read: Master of Finance

Top Universities

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. 

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

Jobs and Salary

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 job opportunities after PGDM in finance

Job Profile Average Salary
Equity Analyst INR 6 Lakhs
Financial Advisor INR 4.13 Lakhs
Financial Planner INR 5.9 Lakhs
Investment Bankers INR 9.61 Lakhs
Financial Managers INR 12 Lakhs
Bankers INR 3 Lakhs

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

Must Read: Scope of Financial Management

Future Scope

Career options after PGDM in Finance include asset management, retail banking, financial advisory, taxation, corporate finance, investment banking, risk management, equity analyst, business analyst, and other finance jobs. Jobs are available in major cities throughout India, including Delhi, Mumbai, Bangalore, and Hyderabad, as well as in foreign countries.

Candidates can also pursue a PhD in Management Research. This programme allows candidates to broaden their management knowledge and skills while also providing comprehensive jobs in finance, accounting, marketing, and public relations concepts.

Another future prospect can be a PhD in Finance and Accounting. The PhD in Finance and Accounting programme is a three-year full-time programme that can be extended to five years and focuses on advanced finance and accounting.

Conclusion

The PGDM in Finance has a global reach and requirement, as economy and finance ensure a country’s market position, allowing interaction with the real world of finance and business. Graduates have lucrative opportunities in banking, investment, and finance. The course aims to provide candidates with the necessary understanding and knowledge of economic markets and the global financial system. Regardless of firm size, almost every industry requires a finance manager. The financial industry is enormous and has a long history.

FAQs

Is PGDM in Finance good?

Finance is one of the fastest-growing industries, and professionals in finance management are needed to help businesses run smoothly. Finance management is an evergreen career in India, with opportunities in a variety of sectors.

What is a PGDM course in Finance?

The PGDM in Finance is a diploma-level course that lasts one to two years and focuses on the development of financial management skills. If your educational institution allows it, you can complete the course in one year.

Is PGDM better than MBA?

Unlike MBA programmes, which are more theoretical in nature, PGDM programmes are industry focused. PGDMs place a greater emphasis on grooming programmes, mentorship, and industry exposure. PGDM programmes also have more stringent placement services. As a result, pursuing a PGDM course from a recognised institute is usually a good way to pursue good salary options.

What can I do after PGDM in Finance?

Investment banking, personal banking, wealth management, and even bank management are all excellent career options for those with a PGDM in Finance. Bankers can work for large investment firms or for small-business and individual banks.

Opening doors to 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 sort out the application process to ensure that you take the right step towards a rewarding career.

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