PGDM in Finance Course: Eligibility, Fees, Admission, Duration

Duration: 2 Years
Avg Fees: ₹1 - 20 LPA
Shristi T
Shristi T

Updated on - Sep 15, 2023

PGDM in Finance is a two-year postgraduate course that aims at making students understand financial principles, practices, the functioning of financial markets, strategies for financial risk management, etc. Students also learn the usage of advanced financial management tools such as SPSS. Algorithm trading software, portfolio management software, etc.

As part of the PGDM in Finance admission criteria, candidates must clear their bachelor's degree with a minimum of 50% marks or unreserved and 45% for SC/ST/PwD category from an accredited university. Apart from the merit score, the candidate also needs to qualify for the entrance exams such as XAT, CAT, MAT, etc. The average PGDM in Finance fees is in the range of INR 2-8 LPA.

Table of Contents

PGDM in Finance Course Details

Degree Postgraduate Diploma
Full Form Postgraduate Diploma in Management in Finance
Duration 2 Years
Minimum Percentage Bachelor’s Degree from a recognised university with a minimum aggregate of 50-55% marks
Average Fees ₹1 - 20 LPA
Similar Options of Study PGDM, MBA Finance
Average Salary INR 4-17 LPA [Source: Payscale]
Employment Roles Finance and Admin Manage, Associate Professor, Finance Manager, Private Banker, Portfolio Manager, Business Analyst, Budget Analyst, Market Advisor
Top Recruiters Motilal Oswal Financial Services, Regions Financial, Genpact, ABC,Bajaj Finance

What is PGDM in Finance Course?

The PGDM Finance course falls under the umbrella of PGDM courses, it focuses on providing knowledge about financial management, financial planning, financial analysis, investment banking, and equity analysis. The course is provided by top colleges like Arun Jaitley National Institute of Financial Management, Fore School of Management, etc.

After completion of the PGDM Finance course, graduates can work in real estate finance, hedge funds, the insurance industry,  etc. The average salary of a PGDM in Finance graduate ranges between INR 4-17 LPA [Source: Payscale].

PGDM in Finance Eligibility Criteria 

PGDM Finance course eligibility factors may differ based on the college requirements such as entrance exam score cut-off, work experience requirement, etc. Below listed are the common PGDM Finance eligibility criteria:

  • Candidate should have completed a bachelor's degree in BCom, BBA, or any equivalent degree from a recognized university with a minimum of 50-55% marks for unreserved category and 45% marks for reserved category students. The candidate is also required to clear entrance exams like CTA, MAT, CMAT, MH-CET, etc.
  • Colleges like IIM Kozhikode may also require a candidate to have a minimum full-time work experience of 2 years.
  • There is no specific age restriction for an MBA, but some exams, like ATMA, do have a minimum age criteria of 21 years at the time of application.

Why Choose PGDM Finance Course?

PGDM in Finance graduates can pursue jobs in India and abroad in Multinational corporations. They are hired in organizations such as Investment Banking, Retail Banking, Insurance Companies, etc. Below are a few insights regarding why one should choose the PGDM Finance course:

  • The finance sector in India is estimated to grow at a rate of 10.3% by the year 2030, leading to higher employment options for graduates.
  • Globally the financial management industry is expected to grow at a CAGR of 15% between the year 2019-2029.
  • The graduate can work in various ranges of roles such as finance manager, credit analyst, investment analyst, etc., in both private and public sectors.

Why Choose PGDM in Finance

PGDM Finance Admission 2023

The PGDM Finance course admission process is based on merit and entrance exam results. There is no direct admission done for full-time enrollment in this course. The following is a list of the admissions process:

  • Step 1: The applicant must clear the college's published entrance exam cut-off.
  • Step 2: Students must complete the online or offline application for admission to the college.
  • Step 3: Candidates will be chosen for the next step of the procedure based on their eligibility requirements and entrance exam qualifying cut-off scores.
  • Step 4: The candidate needs to appear for the GD and Personal Interview process. For the selection process, the weightage for GD and PI performance is between 45-50%  for most of the colleges like Indira School of Business, IILM Lucknow, etc.
  • Step 5: Students must pay the admissions fee and submit the required paperwork, which includes mark sheets and identification verification, once the college releases the final merit list.

PGDM Finance Admission Process

PGDM in Finance Entrance Exams

PGDM Finance entrance exams are a crucial part of the admission process. The candidate needs to qualify for the required cut-off for entrance exams such as MAT, CMAT, etc. Few colleges may also accept the scores of state-level exams such as MH-CET, etc. Listed below are the PGDM Finance entrance exam details:

PGDM Finance Entrance Exams

Registration Date

Accepting Colleges

Registration Details

MAT

Aug 17 - Sep 14, 2023

Arun Jaitley National Institute of Financial Management, Ramaiah Institute of Management Studies, etc.

Application Form

CAT

Aug 2 - Sep 13, 2023

IIM Kozhikode, Indira School of Business, etc.

Application Form

XAT

Aug 10 - Dec 11, 2023

Arun Jaitley National Institute of Financial Management, IILM Lucknow, etc.

Application Form

CMAT

Aug 10 - Dec 11, 2023

IILM Lucknow, NDIM, ITM Group of Institutions,  etc.

Application Form

GMAT

Aug 29, 2023

IIM Kozhikode, NDIM, etc.

Application Form

Top 10 PGDM in Finance Colleges in India

The PGDM Finance course in India is certified by the AICTE, and the course gears students up for a lucrative career in financial management.  Listed below are the top colleges for PGDM in Finance in India along with their average tuition fees:

NIRF Management Ranking 2023

Colleges

Average Fees 

3

IIM Kozhikode

INR 10.25 LPA

63

Fore School of Management

INR 3 LPA

76

IILM Lucknow

INR 3.45 LPA

78

NL Dalmia Institute

INR 7.35 LPA

99

NDIM

INR 5.30 LPA

-

Arun Jaitley National Institute of Financial Management

INR 9 LPA

-

Indira School of Business

INR 4.10 LPA

-

Ramaiah Institute of Management Studies

INR 4 LPA

-

XISS Ranchi

INR 2.15 LPA

-

ITM Business School

-

Top Five Colleges for PGDM in Finance

Types of PGDM Finance Courses

Students can opt to pursue PGDM Finance as a full-time, online course, distance, and executive PGDM Finance programme. Below listed are PGDM in Finance course details:

Types 

PGDM Finance Eligibility

Duration

Full-Time PGDM in Finance

Bachelor's degree with a minimum of 50-55% aggregate for unreserved category students and 45% for reserved category students + Entrance Examination

2 Years

Distance PGDM in Finance

Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category

2-5 Years

Online PGDM in Finance 

Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category + 2 years Full-time Work Experience

2 Years

Executive PGDM in Finance

Bachelor's degree with 50% with a minimum of aggregate for unreserved category students and 45% for reserved category + 3-5 years Full-time Work Experience

1-2 Year

Distance PGDM Finance Course

The distance PGDM in Finance course curriculum is similar to regular PGDM courses and offers students flexibility in learning and is cost-effective. Below are the distance PGDM in Finance course details:

  • The duration of a Distance PGDM in Finance is 2-5 years.
  • A distance PGDM Finance course can be pursued at colleges like IMT-CDL with a combination of PGDM in Finance and Banking, IGNOU, etc.
  • There is no upper age limit to enroll in the course.
  • The average distance PGDM Finance course fee is in the range of INR 10,000-75,000 PA.

Online PGDM Finance Course

The online PGDM Finance course is approved by AICTE and offers students great employment opportunities and learning exposure, Below listed are some of the important pointers regarding the online PGDM Finance course:

  • The online PGDM Finance course in India is provided by top colleges like MDI Gurgaon, Amity University, MIT School of Distance Education, etc.
  • MDI Gurgaon offers online PGDM in Finance with a dual specialization of accounting and finance.
  • The average course fee is in the range of INR 1-4 LPA.

Executive PGDM in Finance

The executive PGDM in Finance is for working professionals having an experience between 3-5 years as a full time employee and are looking to advance their career and domain expertise. Below listed are details regarding the Executive PGDM in Finance course:

  • The course is provided by top colleges like the Institute for Innovative and Integrated Management Studies, IMT Hyderabad, etc.
  • The average course fee is in the range of INR 85,000-3 Lakhs.
  • IIM Indore also offers a similar Postgraduate Certification Program in Finance for working professionals.

PGDM Finance Syllabus and Subjects

PGDM in Finance syllabus is divided into four semesters. The first and second semesters of the course focus on understanding principles of management and their application in finance along with some advanced topics like investment management, financial reporting, etc. 

The second-year PGDM in Finance syllabus delves deeper into advanced financial management topics such as corporate valuation, financial derivatives, portfolio management, etc.

Below are listed some of the PGDM in Finance subjects in detail:

PGDM in Finance Subjects

Topics Covered

Financial Management

Time Value of Money, Cost of Capital, Dividend Policy, Financial Ratios and Analysis, Capital Structure, etc.

International Finance

Currency Risk Management, International Capital Budgeting, FDI, Global Trade Agreements, etc.

Financial Modeling

Valuation Techniques, Sensitivity Analysis, Risk Assessment, Integrated Finance Models, etc.

Financial Markets and Institutions

Role of Financial Intermediaries, Financial Regulations, Types of Financial Markets, Investment Banking, etc.

Read More: PGDM Finance Syllabus and Subjects

PGDM in Finance vs MCom in Finance

PGDM in Finance is offered by business schools and is focused on an industry-oriented approach, whereas MCom in Finance is offered by universities and is inclined toward an understanding of theoretical and research-based finance concepts. Below listed are the key differences between PGDM in Finance and MCom in Finance:

Course

PGDM in Finance

MCom in Finance

Full-Form

Postgraduate Diploma in Management Finance

Master of Commerce in Finance

Stream

Management

Commerce

Duration

2 Years

2 Years

Eligibility

A minimum of 50-55% marks in any bachelor’s degree from a recognized university. 

A minimum of 45-50% marks in BCom or related degree from a recognized university. 

Exam

CAT, GMAT, CMAT, etc.

SUAT, BHU PET, JUET, etc.

Top Colleges

Arun Jaitley National Institute of Financial Management, IILM Lucknow, Fore School of Management, etc.

Shri Ram College of Commerce, Christ University, MCC, etc.

Average Fees

INR 2-8 LPA

INR 5,000 - 1 LPA

Average Salary

INR 4-17 LPA [Source: Payscale]

INR 3-8 LPA [Source: Payscale]

Job Roles

Finance Manager, Financial Analyst, Management Consultant, etc.

Finance Educator, Compliance Officer, Investment Banker, etc.

Read More: MCom in Finance

Courses After PGDM in Finance

Upon completing the PGDM Finance course, students may choose to opt for higher education. Additionally, if the students are interested, it can help them enter the field of research.

Listed below are some of the courses after PGDM in Finance, that students can pursue in order to enhance domain expertise and skills: 

  • PhD
  • Certified Financial Analyst Course
  • Advanced Certification Course in Financial Technology
  • Advanced Excel and Financial Modeling Course
  • Chartered Alternative Investment Analyst Course

Salary of a PGDM in Finance in India

PGDM in Finance graduate salaries range between INR 4-17 LPA (Source: Payscale). The salary varies as per the candidate's experience, technical skills, job location, etc, such as the finance freshers working in Delhi earn an average salary of INR 6.11 LPA, whereas the finance graduates working in Bangalore earn an average salary of INR 6.97 LPA. Below are the top job profiles for PGDM in Finance graduates:

Job Role

Average Salary

Operations Manager- Banking

INR 7.49 LPA

Management Consultant

INR 7.15 LPA

Senior Associate-Investment Banking

INR 5.26 LPA

Risk Analyst

INR 7.83 LPA

[Source: Payscale]

Career Options After Postgraduate Diploma in Management in Finance Course

PGDM Finance graduates have vast career options to work in different domains of finance such as investment, asset management, banking, FinTech, etc. Below are listed the top job roles along with their job descriptions, average salary, and top hiring companies for PGDM in Finance graduates:

Job Designations

Hiring Companies

Average Salary

Finance Manager

ABC, Reliance Industries, Accenture, etc.

INR 16.50 LPA

Financial Analyst

XL Dynamics, Accenture, Wells Fargo, etc.

INR 5.76 LPA

Credit Analyst

Axis Bank, Crisil, ICICI Bank, etc.

INR 9.19 LPA

Risk Manager

Amazon, EY, American Express, KPMG, etc.

INR 14.51 LPA

Read More: Career Options After PGDM Finance

Top Recruiters for PGDM Finance Course

PGDM in Finance graduates are recruited by companies in financial and banking services, e-commerce, education, IT industry, etc. Below is a list of top recruiters that hire PGDM in Finance graduates along with their average salaries:

Top Recruiter

Average Salary

Motilal Oswal Financial Services

INR 17 LPA

Regions Financial

INR 10 LPA

Genpact

INR 14.45 LPA

ABC

INR 10.84 LPA

Bajaj Finance

INR 6.36 LPA

[Source: Glassdoor]

Top five recruiters of PGDM Finance

Skills to Excel as a PGDM in Finance Graduate

In order to excel as a PGDM Finance graduate one needs to have strong analytical and problem-solving skills along with domain knowledge. Below are a few skills required by a PGDM Finance graduate:

  • Quantitative Proficiency: The graduate needs to be proficient with numbers in order to analyze large data sets and drive financial insights for business growth.
  • Negotiation Skills: Negotiation skills help graduates to bring sales to business by bringing contracts and deals from clients, partners, and stakeholders.
  • Advanced Excel Skills: The graduate needs to be well-versed in Excel to create financial models using advanced formulas, data manipulation, etc.
  • Knowledge of Financial Software: It is essential to have knowledge of financial software for effective data administration, analysis, and modeling.

PGDM in Finance Fee Structure

FAQs

What is the eligibility for PGDM in Finance course?

A minimum of 50-55% marks for unreserved category students in their bachelor's degree and 45% for reserved category students from a recognized university.

What is the difference between PGDM Finance and MBA Finance?

PGDM Finance programs often have a more practical approach, with a focus on case studies and real-world applications. On the other hand, MBA Finance programs may have a more theoretical and research-oriented approach, exploring concepts in depth.

What is the PGDM Finance syllabus?

PGDM Finance syllabus includes topics like corporate finance, managerial economics, financial accounting, investment management, etc.

What is the average salary of a PGDM in Finance graduate?

The average salary of a PGDM Finance graduate is in the range of INR 4-17 LPA (Source: Payscale)

What job opportunities are available to graduates after completion of PGDM in Finance?

After completion of the PGDM Finance course, graduates can work as investment bankers, finance managers, financial analysts, credit analysts, etc.

Which are the top colleges to pursue PGDM in Finance?

Some of the top colleges offering PGDM Finance courses include Arun Jaitley National Institute of Financial Management, IILM Lucknow, Xavier Institute of Social Science, etc.

See Various PGDM in Finance Colleges in India

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