PGDM Finance is a 2-year postgraduate diploma course for students who want to pursue management education. The course acts as an alternative to the popular MBA course for those students who want to do something different.
PGDM Finance Full Form: Post Graduate Diploma in Management (Finance)
The minimum eligibility to pursue this course is 50% marks in the bachelor's program. Students of any stream can opt for PGDM Finance course, but they do need to clear some entrance exams for management courses.
PGDM is a course designed for the eligible candidates to increase their comprehensive and well roundup curriculum on the aspects of financial management such as working capital management, international finance and merger acquisition among others. It is helpful to the students in owning knowledge of their duties and responsibilities of financial managers in the organization. It is also helpful in analyzing cost centre expenses thereby making balance sheets and analyzing the concept of minimizing cost and maximizing profits.
Top colleges offering PGDM Finance are listed below:
Graduation in any stream with a minimum of 50% marks.
INR 25,000 to 4 Lakh
Average Starting Salary
INR 2 lakh to 15 lakh per annum
Top Recruiting Companies
AIG Bangalore, Boeing Bangalore, AMC’S, etc.
Bank Manager, Financial Analyst, Treasurer, Accountant, Financial Manager, Portfolio Manager, etc.
PGDM Finance: What is it about?
Finance basically means the provision of money to commence a new business or startup, as finance is the lifeblood of all the business enterprises. Every business wishes to grow itself in each and every aspect to a great extent provided that there are a number of enough resources needed to meet up all the requirements successfully and efficiently. It is not only about making money but it is also about achieving our deep goals and protecting the fruit of labour.
These all are the benefits of pursuing PGDM in Finance for a better and bright career in the near future.
This course is more suitable for the people who wish to go into the field of financial markets and services and just learn the techniques of financial management.
PGDM Finance: Prerequisites
If you are pretty sure of PGDM Finance, the following are the points to remember:
Students need to satisfy the following PGDM in Finance Eligibility criteria:
Should qualify one entrance exam
Minimum 50% marks
Final year student can also apply
Register through GD/PI/Online
Skills and work experience matters the most along with academics
PGDM Finance: Admission Process
Most institutes offering the course admit the students based on their performance in an entrance exam conducted by the university/college/institution. However, the admission process generally varies across colleges.
A few institutes also provide direct admission based on the candidate’s performance in his/her B.A. degree. Some of the common entrance exams are:
Many universities and colleges also offer PGDM Finance in distance learning mode. When this course is pursued in the correspondence mode, the course duration gets extended. PGDM Finance IGNOU course duration can be extended to a maximum of 3 years. Indira Gandhi National University-[IGNOU] currently charges a fee of INR 10,800 for this course. There is no bar on the maximum or the minimum age limit. Some other institutes offering this course in distance learning mode are:
PGDM Finance is one of the most sought after courses throughout the world which provides excellent job opportunities in any organization in the financial module. It also covers critical learning such as working capital management, acquisition and international financial and mergers.
Scope after PGDM courses
Career planning in finance included in finance management is asset management, retail banking, financial advisory, taxation, corporate finance, investment banker, risk management, equity analyst, business analyst, etc.
These types of career opportunities are provided in cities like:
Various PGDM Finance job profiles available are:
Financial Advisor- 7 to 10 lakhs per annum as per senior level
Equity Analyst- 3 to 4 lakhs per annum at the start
Financial Planner- 3 to 5 lakhs per annum at the start
Investment Banker- 2 to 4 lakhs per annum at the start
Finance managers- 9 lakhs in first 5 to 10 yrs.
Bankers- More than 5 lakhs after 3 yrs. Experience.
Various Companies offering Jobs and Placements-
City Union Bank
On the completion of the course, you will get:
Leadership and Management Skills
Unprecedented Career Growth
The average PGDM Finance salary ranges from INR 2-15 lakh.
Average Salary (in INR)
To study the financial information and make changes if needed and also he has to review the stocks, bonds and also to write an equity research report. He has many roles to perform based on the organization works.
3 to 4 lakhs per annum at the start
He advises and helps the clients in deciding the long term and short term financial goals such as buying a home, paying children’s fee etc. and also it advises regarding the investments, Insurance and taxes etc.
7 to 10 lakhs per annum as per senior level
It covers all the areas of clients financial needs and also plays a key role in the achievement of each of the client’s goal as and when required such as insurance and investment planning, retirement, tax planning etc.
3 to 5 lakhs per annum at the start
Investment bankers have a unique number of playing various roles which include new stock issues, taking the responsibility of mergers and acquisitions and in general acting as a financial advisor to a number of high profile.
2 to 4 lakhs per annum at the start
They are responsible for the financial health of the organization they produce a financial report of the organization. His actions directly affect the growth and goodwill of the organization and also he is the one who takes care of all the financial functions of organization.
9 lakhs in first 5 to 10 yrs.
Investment bankers help their clients lucrative in capital markets by supply debt or selling equity debts within the corporations.
Ans. Both MBA and PGDM are the most-sought management courses. The basic difference between the two is that MBA focuses on theoretical skills while PGDM is more industry-oriented. Also, fee is slightly higher in the case of PGDM course. For a PGDM to be equivalent to MBA, the colleges must be accredited by the Association of Indian Universities (AIU).
Ques. Which institutes provide PGDM Finance in Gujarat?
Ans. To check PGDM Finance institutes in Gujarat, click here.
Ques. How much relevant is an internship in a public bank for final placements of PGDM Finance?
Ans. Internships provide students with the necessary industry exposure needed. Thus, internships of all kinds, including those in public banks, are highly encouraged.
Ques. Which companies can a PGDM Finance student apply off-campus?
Ans. The various companies recruiting PGDM Finance graduates even off-campus are:
These are just a few among many others.
Ques. Can someone pursue PGDM Finance along with working in a bank?
Ans. Many institutes offer PGDM Finance in Distance Learning mode. This makes it easier for those students to pursue who also want to continue with their job.
Post Graduate Diploma in Management [PGDM] (Finance) : 9 Answered QuestionsView All
• Top Answer By Geetanshu Sachdeva on 05-Sep-2020
Ans. Jaipuria Institute of Management in Lucknow is among the top-ranked private B-school institutes in North India. NIRF 2020 has placed the institute at 73 among the management institutes. The institute offers NBA accredited PGDM programs recognized by AIU as equivalent to MBA. It is also approved by AICTE and graded ‘A’ by NAAC.
Given below is a highlight of programs offered by the institute.
PGDM, PGDM (Financial Services), and PGDM (Retail Management)
Entrance exams accepted
CAT, XAT, MAT, CMAT, and GMAT
Entrance Exam Score, Group Discussion, Personal Interview
Average Salary Package
Lowest Salary Package
The college has a decent infrastructure and equipped with all the necessary amenities. The course curriculum is updated and industry-endorsed.
Looking at placements, the institute has recorded a total of 94.6% placement with the highest salary package of 18.05 LPA. A total of 375 companies visited the institute to recruit the students. Some of the top recruiters include Johnson & Johnson, Deloitte, Reckitt Benckiser, IDFC Bank, ITC, HCL Technologies, Wipro, Asian Paints, and many more. Read more
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Ans. Between KJ Somaiya- FS, FORE IB, and PGDM in GLIM, Gurgaon which one you should choose depends on your perspective and expectation from the MBA degree. Given below is a brief discussion on the programs maintained in the question.
KJ Somaiya is considered one of the best MBA institutions. Situated in the finance capital of the country, Mumbai, KJ Somaiya offers excellent placements in the Finance domain.
Admission: Students are shortlisted for admission into the MBA in Financial Services program based on their CAT, XAT, CMAT, or GMAT score and the final selection is based on their performance in Group Discussion and Personal Interview. The total course fee is 14.93 lakhs.
Placements: According to the placement statistics of 2020, around97% of students have secured job opportunities. The highest and average salary packages of the institute are 28.50 LPA and 10.08 LPA respectively. The recruiting companies are - Johnson & Johnson, AT&T, Intel, Microsoft, Godrej, etc. Banking & Insurance (31%) and Finance Services (16%) are the top sectors in which students get employed.
FORE School of Management -
PGDM IB (International Business Management) is a 2 year full time course which aims at preparing students to take up careers in corporate houses and family businesses engaged in International Business Operations. It provides management education in the context of the global business environment.
Admission: The prerequisite to take admission to the PGDM IM program is at least 50% in graduation and valid CAT/XAT/GMAT score. The total course fee is 15.9 lakhs.
Placements: Major recruiters at the 2019 placement were Asian Paints, HUL, ITC, Nivea, Philips Lighting, Deloitte, Vivo, HSBC, Schneider electric, etc. The BFSI (Banking, Financial Services, and Insurance) sector made the highest offers with a total of 38% offers. The average salary package offered was around 10.8 LPA.
Great Lakes Institute of Management, Gurgaon -
It is one of the top 5 emerging MBA colleges in Delhi NCR.
Admission: For taking admissiona candidate should have a minimum of 50% in their graduation and a valid CAT, GMAT, XAT or CMAT.
Placements: The PGDM batch has a 100% placement record. The leading recruiters are Aditya Birla, Axis Bank, Deloitte, Federal Bank, Gartner, Hexaware, ICICI bank, KPMG, NIIT Technologies, SecureNow, etc. The highest and average salary package offered at the institute is respectively 13.6 LPA and 9.15 LPA. BFSI was the top sector with a 41 % placement rate.
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Ans. It must be noted that Finance is a specialization in KJ Somaiya whereas, International Business (IB) is a course. However, the institute has impressive academics and placement records for both domains. As the institute is situated in Mumbai, Maharashtra, the financial capital of the country students receive ample opportunities in the Finance sector. Banking & Insurance and Financial Services are among the top recruiting sectors.
The placement statistics of 2019-20 reveals the placement percentage in different sectors was as follows.
Banking & Insurance
Manufacturing & FMCG
The top esteemed recruiters at the institute are Cognizant, Google, Dell, Amazon, PwC, Puma, Canon, Deloitte, Oracle, and many more. The average CTC was around 10.08 LPA. Read more
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Ans. Almost all of the colleges listed here are in the top 20 list of MBA colleges in India for Finance. Among the new IIMs, the ones good for Finance are IIM Ranchi, IIM Rohtak, IIM Raipur, IIM Udaipur, and IIM Kashipur.
Given below are the admission criteria for the institutes mentioned in the question.
IIMs take admission based on the performance of the students in CAT/GMAT. For final selection into the program, IIMs conduct Written Ability Tests (WAT), Group Discussion (GD), and Personal Interviews (PI).
XIMB accepts admission through CAT/GMAT/XAT score + WAT + PI + GD.
IMT G takes admission through CAT/XAT/GMAT/CMAT score + Group Exercise (GE) + Personal Interview (PI).
IIT M selects students for admission based on their performance in CAT/GMAT + WAT + PI.
IMI Delhi accepts CAT/GMAT/ATMA/CMAT/XAT score and students are selected based on their performance in Extempore, Essay Writing, and Personal Interview.
TAPMI selects students based on their CAT/GMAT/XAT scores which is followed by WAT, PI, and GD.
The table below draws a comparison of the MBA program offered by the institutes.
IIM Ranchi- 15.30 lakhs
IIM Ranchi- 26 LPA
IIM Ranchi- 15.02 LPA
IIM Rohtak- 14.65 lakh
IIM Rohtak- 24.13 LPA
IIM Rohtak- 13.7 LPA
IIM Raipur- 14.20 lakhs
IIM Raipur- 24.06 LPA
IIM Raipur- 15.2 LPA
IIM Udaipur- 27.5 LPA
IIM Udaipur-13.2 LPA
IIM Kashipur- 10.58 lakhs
IIM Kashipur- 28 LPA
IIM Kashipur- 12.17 LPA
58.2 LPA (International)
57 LPA (International)
Top recruiters at these institutes include Tata Steel, Cognizant, Capgemini, Accenture, Apollo Munich, Godrej, Emami, Nestle, Titan, Maruti Suzuki, PCBL, HDFC Bank, Mu Sigma, Larsen & Toubro, GMR, Tata Steel, Godrej & Boyce, and Vedanta and many more.
All of the mentioned institutes are good for MBA in Finance. However, based on facilities provided, course curriculum, and placements the order of preference should be IIM Shillong, new IIMs, XIMB, IMT-G, IMI-D, IIT-M, TAPMI.Read more
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Ans. The course of Finance teaches students about consultancy services to corporate and governmental organizations. It consists of Financial accounting, managerial accounting, corporate governance and corporate finance.
IIM Ahmedabad’s Finance and Accounting department provides consultancy services to corporate and governmental organizations. The course focuses on Financial Management, Management Accounting and Control, the Indian capital and Money Market, Banking, Earnings Management, Corporate Governance, Privatization and International Finance.
367 recruiters participated in the placement program of IIM Ahmedabad. A total of 81 offers were received in Finance. The top recruiters includes the following names:
McKinsey & Co.
JP Morgan Chase & Co.
Reliance Industries Limited
CK Birla Group
Aditya Birla Group
P & G
The salary trends in 2019 are as follows:
Highest Salary Package offered - 70 LPA
Average Salary Package offered - 25.83 LPA
Minimum Salary Package offered - 17 LPA
Median Salary Package offered - 30 LPA
IIM Bangalore’s Finance and Accounting department offers core courses which consists of Financial accounting, managerial accounting, corporate governance, corporate finance, capital marks including equity, fixed income securities and derivatives and financial institutions and services including banking and insurance.
The Finance area received a total of 42 offers. The top recruiting companies include the following names:
Companies and number of offers made by them
Goldman Sachs - 8
ICICI - 3
Prime Ventures - 1
Avendus Capital - 5
Kotak Mahindra - 3
Wells Fargo - 3
JP Morgan - 5
HCL - 2
Landmark - 1
Allianz Benelux - 3
Motilal Oswal Group - 1
Bharati Financial Services - 3
IDFC First Bank - 4
The salary trends of 2019 are as follows:
Average Domestic Salary Package - 25 LPA
Average International Salary Package - 65 LPA
Median Domestic Salary Package - 20 LPA
Median International Salary Package - 62 LPA
IIM Calcutta’s Finance and Control department covers Accounting and Finance with high quality practice oriented learning. 492 offers were made by 136 recruiters with 439 students participating in the placement program. 83 offers were made by the Finance and Private Equity-Venture Capital (PE-VC) firms.
The top recruiting companies that offered leading positions to IIM Calcutta students were -
Bank of America Merrill Lynch
Arga Investment Management
JP Morgan Chase
The salary trend of 2019 in IIM Calcutta were -
Highest Salary Package - 54 LPA.
Average Salary Package - 28 LPA.
Median Salary Package - 25 LPA.
Only 10% of students received the highest salary package.
IIM Ahmedabad and IIM Calcutta are both much older establishments than IIM Bangalore. Though IIM Ahmedabad’s Finance department and faculty members are much better than IIM Calcutta. IIM Calcutta is popular for its management program.
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