Post Graduate Program in Global Financial Markets [PGPGFM] - Course Overview

  • STREAM

    MANAGEMENT

  • DURATION

    2 YEARS

  • COURSE

    Finance

  • COURSE TYPE

    Post Graduation

    PG in Global Financial Markets Course Details, Syllabus and Scope

    Pranjal Singhal Pranjal Singhal
    Content Curator

    PG in Global Financial Markets is a 2- year full time autonomous, industry- based program. The course’s curriculum and evaluation mechanism have been designed in consultation with industry professionals, senior market practitioners, and regulatory authorities to ensure that the training provided to enrolled students matches the competencies currently required by the industry.

    The course is spread over 4 semesters, with each semester lasting a period of 6 months. During each semester, students are exposed to separate sets of theoretical subjects and practical lab sessions.

    The final selection is based on the test score, academic profile and interview (video interview for outstation candidates). The mode of admission is a relevant entrance examination carried out by different universities such as CAT, GMAT, XAT, CMAT, ATMASNAP and other State- level examinations. The average tuition fee charged in India for this course ranges between INR 2 Lacs to 10 Lacs.

    Successful post graduates of the course are hired in a range of major companies, such as Deloitte, KPMG, PwC, EY and other banks. They are hired in capacities such as Risk Manager and Regulator, Portfolio Manager, Investment Advisor etc. Average starting salary offered to such postgraduates lies generally between INR 8 to 10 Lacs per year, increasing with experience in the field.

    PG In Global Financial Markets: Course Highlights

    Tabulated below are some of the major highlights of the course.

    Course LevelPost Graduate
    Duration4 years
    Examination TypeSemester System
    EligibilityGraduate in any discipline from a recognized University
    Admission ProcessBased on counselling after clearing Entrance Tests CAT, GMAT, XAT, CMAT, ATMA for different colleges
    Course FeeINR 1.5 Lakh p.a.
    Average Starting salaryINR 5 Lakh to 10 Lakh p.a.
    Top recruiting companiesDeloitte, KPMG, PwC, EY, Banks

    PG In Global Financial Markets: What is it About?

    The course is designed to prepare students in the fundamentals of financial markets, globally, including real life experience. The students are afforded opportunities to participate in various events organized by the BSE to enrich the learning experience. The curriculum is constantly evolved to ensure that students are taught and certified on the most current practices, and aligned to current market practices and global market- linked certifications.

    The certification process carries equal weightage for the term end examinations and other components like projects, assignments, presentations and industry internships, thus ensuring that the certificates reflect a wholesome evaluation of the learner.

    PG In Global Financial Markets, being an autonomous certification program, neither a degree nor diploma, is unrecognized by UGC and AICTE.

    This is a highly-specialized course training the enrolled students in financial market skills to make them employable in international financial markets. The PG program offers them exposure to the practical market practices along with a theoretical preparation for the same. The course involves 14 regulatory certifications in areas of equity, commodities, currency, depository, mutual fund, etc by the Indian, American and Singaporean financial markets. It is a full- time course lasting 11 months with 1,020 hours of intense training. 

    The course comprises 20 modules. The BSE Institute conducts a written entrance test for admissions usually in March in all the major metros across India.

    Given the dearth of formally trained human resource in the BFSI sector, the shortfall of skilled manpower needs to be addressed on a war footing. With its glamorous reputation, high pay and potential for international travel, this sector attracts aspirants of high- profile career. Included in the curriculum are frequent seminars and workshops.

    Financial and capital market training is popular amongst institutions in the Indian Securities Market, market participants like government, external agencies, financial institutions and corporates, and enjoys their support in its delivery. Some of these are listed here:

    • Aditya Birla Nuvo Ltd.
    • Amideep Investment Consultancy
    • Amigo Enterprises
    • Anand Rathi Share & Stock Brokers Ltd
    • Angel Broking
    • Antique Stock Broking Ltd.
    • Arthveda Fund Management
    • Ashok Leyland
    • C Mehta Financial services Pvt. Ltd.
    • Atlanta Shares Shoppe Ltd.
    • Axis Bank
    • Bank Muscat

    Clients of the GFM services comprise not only leading organizations from the Banking, Financial Services and Insurance sectors in India, but also from various other countries.

    Top Institutes Offering PG In Global Financial Markets

    Compiled here is a list of the top institutes in India offering the course along with their respective locations, eligibility conditions, admission processes, and fees charged by each.

    Name of InstituteCity Average Annual Fees
    BSE Institute LimitedDelhiINR 2.0 Lakh (course)
    K J SomaiyaMumbaiINR 1.5 Lakh (course)
    Bengal Institute of Business StudiesKolkataINR 5 Lakh (course)
    LPUPunjabINR 2.0 Lakh (course)
    IFIM Business SchoolBangaloreINR 10 Lakh (course)

    Eligibility for PG In Global Financial Markets

    Aspiring graduates with a minimum aggregate score of 50% from a recognized university with a flair for numbers may apply, given that they satisfy the following eligibility criteria:

    • Candidates looking for specialization should be preferably from BCA / MCA / BE or engineering background
    • Candidates from Engineering / Commerce / Mathematics / Economics background get an edge over the remaining applicants
    • Persons with professional qualification and experience are given preference.
    • Relaxation is provided to SC/ST candidates and Persons with Disability (PwD).

    PG In Global Financial Markets: Admission Process

    Duly filled in application forms along with attested photocopies of certificates proving fulfilment of minimum required eligibility, qualification and age.

    Candidates aspiring for admission need to download the application form from the website, send the application form, with required attachments, by post.

    Thereupon, the brochure is couriered to the candidates.

    Selection is based on entrance exams held by the concerned university. The general process involves a pre- screening of candidates based on their:

    • Academic Profile (20%),
    • Performance in CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50% at least)
    • Performance in Personal Interview (30% at least)

    Entrance Tests conducted for the course:

    The question paper for entrance exams comes in QMR format, designed for testing the student’s aptitude and logical reasoning. These examinations are generally conducted in the month of April. Entrance exams conducted for admission to the course are CAT, MAT, XAT and SNAP.

    An online objective- type test is held generally in June. It is not mandatory for those who have already qualified CAT/GMAT/XAT/CMAT/MAT/ATMA. The online test consists of the following sections:

    • Verbal Ability (30%),
    • Data Interpretation and Logical Reasoning (30%),
    • Quantitative Aptitude (30%),
    • General Knowledge on Financial Markets (10%)

    The online objective test is of a 2- hour duration with negative marking of 0.25 per mark for every incorrect answer.

    PG In Global Financial Markets: Lateral Entry

    There are a few colleges in India which offer the option of direct lateral entry on the basis of the candidate’ Bachelor’s degree in the subject.

    Duration:

    The course contains 2 years of course work (divided into 4 semesters) and project work as well.

    PG In Global Financial Markets: Career Prospects

    The course offers multiple career options in financial markets in USA, Singapore and India. As per research conducted by Mc Kinsey & Co. for Gujarat International Finance Tec-City, Govt. of Gujarat, the financial sector is likely to create 1, 00, 00,000 plus jobs by 2020. PGP- FM prepares post- graduating students for multiple career options in financial markets comprising capital market, mutual funds, derivative, currency and commodity markets, financial services etc. such postgraduates can go for lucrative career opportunities in investment banking, treasury, research & analytics, wealth management, stock broking, surveillance, compliance, risk management, asset management, financial journalism etc.

    Successful postgraduates of the course are offered employment opportunities in the following industries:

    • Banking and financial institutions
    • Asset management companies
    • Consulting firms
    • Private equity firms
    • Venture capitalist firms
    • Regulatory agencies
    • Credit rating agencies
    • Hedge funds
    • Technology
    • Insurance
    • NBFCs

    Over the years this program has more than lived up to its expectations by creating job- ready professionals in specializations such as:

    • Equity Research
    • Fixed Income Dealing
    • Treasury Management
    • Surveillance
    • Index product development
    • Business Development

    Some of the top recruiters in the industry for successful postgraduates of the discipline are listed here:

    • HDFC Bank
    • Axis Bank
    • ICICI Bank
    • Fideity
    • RBS
    • Kotak
    • Benchmark Mutual Funds
    • Birla Sun Life
    • L&T Mutual Fund
    • Religare
    • Canara Bank
    • SBI Mutual Fund
    • IDFC
    • TATA
    • AIG Investments
    • Aditya Birla Finance
    • Bank of India
    • LIC
    • PNB
    • Reliance Life Insurance
    • Future General
    • Morgan Stanley
    • Mirae Asset
    • HSBC

    PG In Global Financial Markets: Employment Opportunities and Salary status

    Listed here are some of the popular job positions offered to successful postgraduates of the discipline with the corresponding job descriptions and salaries offered.

    PG In Global Financial Markets

    Job ProfileDescriptionAverage Pay Scale
    Project ManagerProject Managers may work closely with upper management to make sure that the scope and direction of each project is on schedule, as well as co- ordinate with other departments for support.INR 1,818,560 p.a.
    Investment BankersInvestment Bankers help their clients raise money in capital markets by issuing debt or selling equity in the companies. Other job duties include assisting clients with mergers and acquisitions (M&As), and advising them on unique investment opportunities such as derivatives.INR 7.8 Lakh per annum
    Manager- Capital MarketsCapital Markets Strategy Managers lead engagements for global capital markets clients.INR 12 Lakh per annum
    Business AnalystBusiness Analysis training teaches some of the core skills of business. They develop technical solutions to business problems, advance a company's sales efforts, beginning with defining, analysing and documenting requirements.INR 8 Lakh per annum
    Accounting TechniciansAccounting Technicians work in areas of accounts and finance supporting the CA and associate CAs.INR 1.8 Lakh per annum
    Manager –Risk and RegulationRisk Managers advise organizations on any potential risks to the profitability or existence of the company. They identify and assess threats, put plans in place for when things may go wrong and decide how to avoid, reduce or transfer risks.INR 9.9 Lakh per annum
    Portfolio ManagersPortfolio Managers work with a team of analysts and researchers, and are ultimately responsible for making the final investment decisions for a fund – or asset-management vehicle.INR 1,220,838 p.a.
    Investment AdvisorsInvestment advisors help their clients plan short and long-term financial goals. These goals may include retirement and education. A financial advisor may provide investment, tax and insurance advice.INR 3.26 Lakh per annum

    PG In Global Financial Markets: Syllabus and Course Description

    Modes of delivery of the course include lectures, seminars and tutorials and allow students the opportunity to take part in lab, project and team work. 

    All the technical skills taught in the course use examples, practical exercises and projects drawn from the world of business. The focus is on the application of technology to business.

    For aspiring candidates’ reference, here is a semester- wise breakup of the course’s syllabus.

    Semester ISemester IISemester IIISemester IV
    Introduction to Financial MarketsQuantitative & statistical conceptsFinancial Risk ManagementPortfolio Management
    Banking Operations IEthical and professional standardFixed Income SecuritiesTaxation
    Marketing & Sales (Basics)Technical Analysis IIMergers and AcquisitionFinancial Planning
    Soft SkillsSecurities LawInvestment BankingProject Finance
    EconomicsDerivativesBanking Operations IIIFinancial Software
    Financial Accounting & Financial Reporting & AnalysisAdvance ExcelCommodities MarketPreparation for regulatory exam
    Mutual FundCorporate FinanceFinancial ModellingForeign Exchange Market
    Technical AnalysisBanking Operations II-Leadership Development Program

    Post Graduate Program in Global Financial Markets [PGPGFM] : 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. Programs offered PGDM, PGDM (Financial Services), and PGDM (Retail Management) Entrance exams accepted CAT, XAT, MAT, CMAT, and GMAT Selection criteria Entrance Exam Score, Group Discussion, Personal Interview Course fee 9.45 lakh Average Salary Package 6.7 LPA Lowest Salary Package 4 LPA 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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    • Top Answer By Meghdeepa Mondal on 04-Sep-2020

    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: 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. Read more

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    • Top Answer By Asmita Khandelwal on 04-Sep-2020

    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 31% IT 20% Financial Services 16% Manufacturing & FMCG 13% Consulting 10% Conglomerate 10% 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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    • Top Answer By Sagar Pandey on 04-Sep-2020

    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.  Admission Criteria 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. Institute Fees Highest CTC Average CTC   New IIMs 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-  13.75 lakhs IIM Udaipur- 27.5 LPA IIM Udaipur-13.2 LPA IIM Kashipur- 10.58 lakhs IIM Kashipur- 28 LPA IIM Kashipur- 12.17 LPA IIM Shillong 14.4 lakh 48.5 LPA 14.8 LPA XIMB 20.8 lakh 58.2 LPA (International) 15.4 LPA IMT Ghaziabad 17.5 lakhs 57 LPA (International) 12.5 LPA IIT Madras 8 lakhs 29.02 LPA 14.38 LPA IMI Delhi 17.15 LPA 22 LPA  13.07 LPA TAPMI  14.3 LPA 26 LPA  12.7 LPA 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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    • Top Answer By Pratyasha on 31-Aug-2020

    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 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. Goldman Sachs Microsoft JP Morgan Chase & Co. Reliance Industries Limited CK Birla Group Aditya Birla Group TAS Citi FIITJEE Nestle P & G KPMG A.T. Kearney Lenovo Apparel Group 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 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 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 Goldman Sachs Gaja Capital Barclays 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.    Read more

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    Post Graduate Program in Global Financial Markets [PGPGFM] Fee Structure in India


    5.6 L (Minimum Fee)PRIVATE COLLEGES5.6 L (Maximum Fee)
    5.6 L (Average Fee)

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    POST GRADUATE PROGRAM IN GLOBAL FINANCIAL MARKETS [PGPGFM] COLLEGES IN INDIA

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