PG in Management Finance: Course Details, Eligibility, Admissions, Colleges, Jobs & Salary 2021

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Sounak Banerjee

Content Curator | Updated on - Mar 18, 2021

PG Program in Management Finance is a full-time postgraduate program which has a duration of 2 years.

PG Program in Management Finance is an industry oriented course program. It helps the candidates to get placed in the financial institutions and other organizations in the financial sector.

The basic eligibility criteria for the course is the possession of Bachelor's degree in any discipline from a recognized institution or university. The candidates must have scored a minimum of 50% of aggregate score in the qualifying exam.

Admissions for PG Program in Management Finance is done through entrance exams. Various entrance exams like CAT, GMAT, XAT, CMAT, ATMA, SNAP are conducted for the admission into various top management institutions across India. The average fee paid for this course varies from INR 1 to 3 Lakhs.

The exams are conducted on a semester basis where there are a total of 4 semesters for 2 years. Each semester has a duration of 6 months. In each semester, the students are educated in both theory subjects as well as practical labs.

Graduates of PG Program in Management Finance are placed at leading companies such as Deloitte, KPMG, PwC, EY, and other banks. They are working in roles such as risk manager and regulator, fund manager, investment consultant, etc. The average starting salary provided to the graduates ranges from INR 8 to 10 Lakhs per year, depending upon the field experience.

PG in Management Finance: Course Highlights 

Course level Post Graduate
Duration 2 year
Examination Type Semesters
Admission Process Based on Counselling after clearing Entrance Tests CAT, GMAT, XAT, CMAT, ATMA for different colleges
Eligibility Graduate in any discipline, from a recognized University
Course fee INR 1 to 20 lakhs
Average salary INR 6 to 8 lakhs per annum
Top Recruiting Companies Deloitte, KPMG, PwC, EY, banks like HDFC Bank, Axis Bank, ICICI Bank, Benchmark Mutual Funds, Birla Sun Life, L&T Mutual Fund, Canara Bank, SBI Mutual Fund, IDFC, TATA, AIG Investments, Aditya Birla Finance, Bank of India, LIC, Reliance Life Insurance
Top Recruiting Areas Capital Markets, Mutual Funds, Derivatives, Currency and Commodity Markets, Financial Services, Investment Banking, Treasury, Wealth Management, Stockbroking, Asset Management, Financial Journalism
Job Positions Project Manager, Manager – Capital Markets, Investment Bankers, Business Analyst, ETC Risk Manager, Credit Analyst, Liabilities Manager, Assets Manager, Operations Manager, Anti Money Laundering Specialist, FOREX Specialist, Inspection and Audit Specialist
Eligibility

PG in Management Finance: Eligibility 

The minimum eligibility required for pursuing the course is any of the following:

  • Bachelor's degree with a minimum aggregate graduation score of 50 percent in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU).
  • Bachelor's degree with a minimum aggregate graduation score of less than 50 percent, but a minimum of 2 years of work experience, in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU).
  • SC/ST applicants and people with disabilities are given consideration (PWD).
  • Engineering / Commerce / Mathematics / Economics candidates earn an advantage over the remaining applicants.
  • Applicants with BCA / MCA / BE/ engineering backgrounds who are looking for specialization also can apply.
  • Preference is provided to individuals with higher educational credentials and experience.
Admissions Process

PG in Management Finance: Admissions Process 

Normally, the admission process of PG in Management (Finance) is carried out both in merit based and entrance based procedures.

Merit Based Admission 

There are a few institutes in India that offer lateral entry directly on the basis of the candidates’ Bachelor’s degree.

Entrance Based Admission

Selection is based on results in the university's entrance examinations. The question paper for the exam measures the aptitude and logical reasoning of the applicants. In general, most of the entrance exams are conducted in the month of April. The common procedure of the entrance is:

  • Pre-screening of applicants on the basis of an academic profile (20 percent ),
  • CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%)
  • Personal Interview (30%).

PG in Management Finance: Entrance Exams

Here is a list of the entrance tests carried out for admission to the course:

Examination Conducting Body Mode of Exam
CAT 1st Generation IIMs in a rotational basis Online
MAT All India Management Association (AIMA) Online, Remote Proctored Internet Based Test (IBT) and Offlline
XAT Xavier School of Management, Jamshedpur Online
SNAP Symbiosis International (Deemed) University, Pune Online
NMAT Graduate Management Aptitude Test (GMAC) Online
Top Colleges

PG in Management Finance: Top Colleges 

What is it about?

Post Graduate Program in Management Finance: What is it about? 

PGP in Management (Finance) is a 2-year distance learning curriculum that provides a comprehensive understanding of finance, auditing, accounting, and capital management principles.

  • This course is structured to take account of the ever-changing needs of professionals pursuing a career in finance and offers an outstanding forum for those seeking to encourage their development with banking and financial institutions, financial consultancies, corporate finance organizations, etc.
  • It is suitable for students who want to change jobs and pursue new career paths by equipping them with the required management skills, helping to open doors for consulting banking, finance, etc. professions.
  • This program is offered via the distance learning module including weekend lectures and online lectures by industry- experts.

Moreover, the course also explores:

  • Basic financial accounting principles and their practical implementation.
  • Financial analysis, cost accounting, accounting for management and its effect on general decision-making.
  • The position of and regulations of financial institutions.
  • Financial plans, measurement of risk, and investment of money.
Why Study

Why Study PG in Management Finance?

  • Finance is the lifeblood of every company and includes vital areas such as working capital management, international finance, and mergers & acquisition, among others, with the PGP in Management (Finance) module.
  • The course discusses advanced concepts involved in the study of cost centers, an organization's expenditures, efficient balance sheets, aspects of cost minimization and benefit maximization.
  • PG in Management focuses on the interested applicants in pursuing a career in an organization's financial services, in the banking and financial sectors, such as insurance and mutual funds etc. It primarily targets the students seeking distance learning.

PG in Management Finance: Course Advantages

  • India's main financial sector is the banking sector, with commercial banks contributing to more than 60% of the total assets held by India's financial system.
  • In the course, all technological skills are taught using examples, practical exercises, and projects from the business world, with an emphasis on applying technology to business.
  • Recruiters are looking for different sets of skills with the growing application of technology in banking services that will help them scale up their business and keep costs down. Apart from unique functional competencies, banking practitioners are required to possess these abilities.
Syllabus

PG in Management Finance: Syllabus

The semester wise syllabus followed by most universities and colleges is listed below in the table.

Semester I Semester II
Principles of Management Strategic management
Financial Accounting Cost Accounting
Fundamentals of Communication & Interview Preparation The Integrative Manager
Human Resource Management Innovation Management
Marketing Management Mastering the Interview & Networking Skills
Managerial Economics Project work
Semester III Semester IV
Financial Management – I Project Finance
Financial Management – II Mergers and Acquisitions
Advanced Direct Tax & Service Tax Retail Banking
Investment Management - I International Finance
Investment Management – II Project
Project - ISR -
Job Prospects

PG in Management Finance: Job Prospects

Famous companies such as ICICI Bank, Kotak, Birla Sun Life, L&T Mutual Fund, Canara Bank, SBI Mutual Fund, Aditya Birla Finance, Bank of India, LIC, PNB, Reliance Life Insurance, and others are among the top recruiters for this discipline. Some career opportunities for candidates to choose from are listed below in Table:

Job Profile Average Salary per annum
Project Manager INR 1 to 2 lakhs
Investment Bankers INR 7 to 8 lakhs
Manager- Capital Markets INR 11 to 12 lakhs
Business Analyst INR 7 to 8 lakhs
Accounting Technicians INR 1 to 2 lakhs
Manager –Risk and Regulation INR 9 to 10 lakhs
Portfolio Managers INR 1 to 2 lakhs
Investment Advisors INR 3 to 4 lakhs
Future Scope

PG in Management Finance: Future Scope 

  • In the financial markets in the US, Singapore, and India, the programme provides various career opportunities.
  • As per a study conducted for Gujarat International Finance Tec-City, Govt., by McKinsey & Co. The financial sector of the Gujarat region is poised to generate 1,00,00,000 plus jobs by 2021.
  • Some of the common sectors which recruit good postgraduates are: Public sector banks, Private sector banks, Foreign banks, Financial Institutional Investors (FII), Cooperative Urban Banks, Outsource of Information Method (KPO's), Outsource of Business Process (BPO's), Institutions for term-lending, Corporations for Public Finance, Institutions for Refinance, Firms of Non-Bank Finance, Index product creation, Business Development
FAQs

PG in Management Finance: FAQs 

Ques: What is the eligibility for a Post Graduate Program in Management (Finance)?

Ans: The eligibility for a PG in Management is the possession of graduation degree in any discipline, from a recognized University or college

Ques: What is the duration of the Post Graduate Program in Management (Finance)?

Ans: The duration of the Post Graduate Program in Management (Finance) is two years.

Ques: What is the salary Offered from Post Graduate Program in Management (Finance)?

Ans: An annual salary of INR 8 to 10 lakhs per annum.

Ques: Can I get a loan to finance my programme fees?

Ans: Students can avail themselves of financial assistance from several of the prominent banks.

Ques: After Pursuing Post Graduate Program in Management (Finance), will an applicant work in both government and private industry?

Ans: Yes, in both, an applicant who has completed a Post Graduate Program in Management (Finance) can work both in the government and the private sector.

Ques: My academic background is not finance-related. Can I still apply?

Ans: Yes, candidates who satisfy the minimum eligibility criteria can apply. There is an academic suitability score as a component of stage 2 of the selection process but it is not an eligibility criterion for applying for the PG program in Finance course.

Ques: What are the types of jobs that will be available to the Post Graduate Program in Management - Finance students?

Ans: This programme is suitable for young professionals who want to improve their careers in the banking and financial services industries, as well as for recent graduates who want to boost their careers in finance. Students will be placed as financial analysts, financial engineers, traders, and other roles in risk management, Financial Engineering, Fraud detection, and Forensic Accounting.

Post Graduate Program in Management (Finance) : 18 answered questions

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Ques. What is the difference between PGDM full time and PGDM Finance at IMT Ghaziabad?

● Top Answer By Sandhya R on 12 Apr 21

Ans. An acquaintance of mine completed his PGDM from IMT Ghaziabad so hopefully, he would be able to answer your question accurately. In the case of PGDM full-time, you will be capable of choosing your own area of specialization, be it marketing, finance, or HR at the end of the first year. In the case of PGDM finance, your area has already has been chosen for you and will not be able to change it. Irrespective of the specializations, the first year is common for each and every student. PGDM students can choose their desired area of specialization at the end of the first year. The college management may ask full-time students to choose their specialization area before their placements for summer internships which are usually 3-4 months of joining even though technically you can choose your major by the end of the first year. My acquaintance had to choose his major before his summer internship placements. If you choose PGDM Full time, then you will be able to choose your specialization from: Marketing Finance Information Management and Analytics Operations Management Human Resources Innovation and Entrepreneurship If you go for PGDM finance, you will have to learn the electives and core subjects of finance in your second year.Read more
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Ques. Should I join KJ Somaiya PGDM FS or FORE PGDM?

● Top Answer By Abhijit Pal on 09 Apr 21

Ans. One of my friends studied in KJ Somaiya and knowing a lot about his experiences, I feel I am eligible to answer this question. Though my perception and yours might differ largely, the decision actually depends on each individual. Being a specialization course it has a great demand among potential candidates. It is a 2-year program making students well aware of the core finance associated subjects and business fundamentals, giving them an upper hand in the subject over any other colleges. These factors will let you make an informed decision -  Faculty - One of the best things about this institution is its faculty members, which include many stalwarts from the business fields., most of them being PhD holders. They have a realistic approach, insightful, and have a cordial approach towards the students. Case Studies - More than 250 standard Harvard Business Review cases provide you with the knowledge of real-life dealings, which will be further necessary to you while in the corporate world. Modern and Updated Technology - They have a Bloomberg lab with online submissions facilities, Databases like EBSCO and Euromonitor are also available to the students for easy usage in data analysis. Student-Driven Committees - There are 26 student committees that vary in different genres and styles, catering to every student's interests. These ranges from Drama, Sports to Training Programs as well. Placements - Mumbai being the financial capital, get a location advantage. Students are provided with seminars, internships, and industry visits conducted by some of the companies based nearby. The following table gives you the basic details of both the institutes. Category KJ Somaiya (PGDM FS) FORE School of Management (PGDM) Fees  INR 7.81 L INR 15.98 L Duration 2 Years 2 Years Recruiters  PUMA, Aditya Birla Group, Dell, GULF, Deloitte, Piramal, etc. ITC, Nestle, Asian Paints, Hindustan Unilever Limited, Bacardi, United Biscuits, etc. Average Package  INR 10.5 LPA INR 10.6 LPA  Highest Package  INR 27.50 LPA INR 30 LPA Somaiya Institute is well known for its financial education. Its faculty is also good as Mumbai’s based top CA’s are visiting faculty in Somaiya. Its placement is also good, but accommodation is a bit costly.  Therefore, between these two institutes, you can choose K. J. Somaiya Institute of Management as most of the financial experts and recruiters to prefer Somaiya Institute over FORE School of Management for recruitment.Read more
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Ques. Is ISBR college in Banglore good for PGDM course in finance?

● Top Answer By Deepika Kunwar on 09 Apr 21

Ans. ISBR is considered one of the best B-Schools in Bangalore. One of my friends has studied there and it has helped him in shaping his personality. Here are the following reasons why ISBR is an idle college for PGDM. The faculty of ISBR is professional and skill. They will help you and provide you with all the training like panel discussion, pre-placement talks, seminars, workshops, industrial visits, and education tours.  Top recruiters like Morgan Stanley, KPMG, Goldman Sachs, and many more have visited the campus. The institute also invites guests from various backgrounds to interact with students. The updated curriculum gives industrial knowledge and helps you learn about the market needs. The placement cell of ISBR is good. It will also assist and trains you for an interview before final placement. The recruiters also provide decent CTC packages. ISBR helps students gaining soft skills and presentation skills.  The following table shows the placement statistics of the PGDM Finance at ISBR: Highest Package 28 LPA Average Package 5.8 LPA Ranking 1st among New Generation B-Schools by DM B-School Survey Awards Best B-School of Year by Public Relations Council of India Therefore, you can join ISBR for the PGDM course. As along with theoretical knowledge, the institute also grooms students in gaining practical knowledge through the various industrial visit and pre-placement talks. So, if you are thinking to join ISBR, then you must go for it.Read more
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Ques. How is IMT Ghaziabad if you get a PGDM (finance) here?

● Top Answer By Sahil Sachdeva on 12 Mar 21

Ans. The PGDM (finance) in IMT Ghaziabad is an excellent choice for students interested in MBA, considering the ample amount of opportunities in placement.  The table below gives a brief idea about IMT Ghaziabad. NIRF ’20 Ranking 37 Total Fees (PGDM) Rs.19.53 Lakhs Median Salary Offered Rs.12 Lakhs per annum Highest Salary Offered Rs.58.2 Lakhs per annum Total Number of Seats (PGDM in finance) 60 Entrance exams CAT, XAT, GMAT, IMTG Critical Thinking Test Key Highlights: The first year in every branch of PGDM has finance studies in their course. So, students are accustomed to the syllabus and outcomes of opting for finance in PGDM. The main difference among peers is created by the level of certification one has achieved. Most students in IMT Ghaziabad come from level-1 institutes and a few from level-2 institutes. Those level-2 students get the opportunity to mark their level up studying in IMT Ghaziabad. The institute has tie ups with organizations like FRM to provide certifications to students easily. The placements are excellent with recruiting companies like Goldman Sachs, the big-four analysts like Deloitte, KPMG, etc. Most Indian banks, and several commodity trading companies recruit students from finance PGDM. Therefore, finance PGDM is definitely a good choice in IMT Ghaziabad and students should go for it at once without thinking about the other.Read more
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Ques. How good is the MBA (Finance) in ISB Hyderabad in terms of faculty, placements, curriculum, and all major and minor aspects?

● Top Answer By Debdeep Majumder on 16 Jan 21

Ans. If you are considering pursuing an MBA (Finance) from ISB Hyderabad, you really need to reconsider your thoughts. There are many reasons why you should not consider taking admission for MBA particularly in Finance specialization from ISB Hyderabad. A few of such parameters are explained below. Placement:  The core finance job roles are IB/PE/VC/M&A/FP&A/Equity Research/Credit Rating/Asset Management/TAS. The big financial firms like banks and FinTech startups also offer roles in sales, business development, and operations. These are not Finance jobs.  After completing an MBA (Finance) at ISB, you will get a handful of banking roles offered by YES Bank, RBL, Kotak Mahindra, Axis Bank, Citibank. And the roles that they offer will include Management Trainee, Management Associate, Relationship Manager, Credit Analyst, Corporate Banking for which there will be a lot of competition as well.  Among a huge batch of 900-950 people, you have to compete for a handful of vacancies.  Faculty: One of my friends attended the Mohali campus. According to his experience, some of the visiting faculties at the institute are quite good. Professors like Suren Mansinghka, Lil Mohan, Bala Dharan are quite engaging and approachable. But most of the domestic faculties are not that good.  Curriculum: The curriculum for MBA (Finance) at ISB is well designed. The study material, case studies are very helpful to understand the industry standards. Subjects like Data Analytics in Finance and Introduction to Fintech will help you to keep up the pace with the industry requirement today. My friend had these electives and had an overall good academic experience. Though the curriculum is good, there are many other factors that indicate that ISB is not a place for you if you are looking to pursue an MBA in Finance.Read more
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Post Graduate Program in Management (Finance) Fee Structure in India


14.20 L (Minimum Fee)PUBLIC COLLEGES20.77 L  (Maximum Fee)
17.26 L (Average Fee)
1.75 L (Minimum Fee)Private COLLEGES17.50 L (Maximum Fee)
7.23 L (Average Fee)

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Post Graduate Program in Management (Finance) Colleges IN INDIA

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