A PGD in Financial Management is a diploma degree in the development of financial management. Depending on the university, the program can last anywhere from one to two years. To enroll for the PGD in Financial Management program, you should have graduated from a recognized institution with a bachelor’s degree in any field. This program’s typical course fee ranges from INR 32,500 to INR 32,500 every semester. The individual’s admittance procedure could include his or her performance in institute-specific entrance exams.
Financial management, global economics, mergers, and acquisitions are all topics covered in the PGD in Financial Management program. It aids and provides extensive information in the analysis of cost centers, organizational expenditures, and the preparation of effective balance sheets. The course covers a wide range of topics, including examining a firm’s costs, maintaining an effective balance sheet, and understanding domestic and international finance ideas and techniques. The curriculum is designed to help students build financial management abilities that are in demand in the workplace. After successfully completing the course, the student will be able to pursue a variety of occupations, including those in research and educational institutions, as well as banks.
Table of Contents
PGD Financial Management: Course Highlights
|Course Name||Post Graduate Diploma in Financial Management|
|Duration of the course||1-2 years|
|Course mode||Full time|
|Eligibility criteria||Graduation in any discipline|
|Admission Process||Entrance Exam and Merit-Based|
|Course Fee||INR 50,000 to 200,000|
|Average Starting Salary||INR 50,000 to 15,00,000|
|Top recruiting companies||Research and Educational Institutes, AIG, Boeing, Banks, Philips, JPMorgan Chase|
|Job Positions||Bank officer, Bank Manager, Financial Planner, Treasurer|
PGD Financial Management Admission Process
Enrollment to the PGD in Financial Management program varies depending on the institution. For more details, see the following: Direct entry to the PGD in Financial Management is regularly offered by colleges. Candidates are carefully selected based on their merit, which is determined by their performance in the entrance test. Certain institutions may require applicants to take an admission exam. To be admitted to this program, applicants may be required to attend an interview.
Eligibility Criteria: PGD Financial Management
Employed individuals with a minimum of one year of work experience and a BE, BTech, MSc, or BITS Integrated First Degree or it’s similar with a minimum 60% marks obtained.
Employees with a three-year bachelor’s degree in subjects including math, statistics, science, finance, commerce, and business and management have taken at least one mathematics or statistics course in high school and have at least two years of substantial work experience.
What is it about PGD Financial Management??
Programs that require analytical reasoning and analyzing skills are included in the PGD in Financial Management. Collaboration with capital management and understanding international finance are two of the most important intellectual topics. The analysis section covers information on topics like balancing balance sheets, cost-cutting, and profit maximization. This program focuses on the development of financial management skills, which are critical in the workplace.
The primary purpose of this course is to provide the candidate with a thorough understanding of the financial and finance sectors. Awareness of national and international financial strategies and tactics was also provided. This course assists learners in better managing important problems in the financial sector, allowing them to be accountable for more advantages.
Why Should We Pursue PGD Financial Management?
Finance is the backbone of the company, and graduates who specialize in finance have a plethora of career prospects. With the rapid development in privatization, more and more organizations have joined the industry, increasing the demand for financial management students. After successfully finishing the program, a student is qualified for a variety of professional opportunities. The average package or compensation of a PGDM finance is from one of the country’s highest-paid sectors. A financial manager can earn between Rs 3-4 lakhs per year on average, or possibly more based on professional experience, qualifications, recruiters, and job location.
- When compared to a Master’s degree, the PGD Financial Management takes fewer time and costs less.
- You can quickly change careers or begin working as a specialist in the area.
- You can gain practical experience in a topic that interests you.
- Managers seeking for entrance programs to improve functioning in the banking and financial related sectors, such as insurance, investment companies, and loans, will benefit from the PGD in Financial Management programme.
Skills You Learn from PGD Finance
A master’s degree in finance provides students with many of the most crucial abilities needed in the workplace. This course prepares students for leading managerial jobs by providing them with the requisite abilities for such professions. All managers must be able to successfully communicate, manage, and encourage personnel while planning projects. Management skills are crucial since they can aid in the efficient operation of a firm as well as the advancement of graduates in their professions.
- Leadership skills
Professionals at all levels can use leadership skills to grow their competencies, encourage their teams, and produce exceptional business results. Effective managers are able to reorganize firms, boost business value, improve efficiency, and involve their employees in order to achieve better results. Standard leadership abilities training in a PG diploma drives students to explore new business opportunities and grow and manage people in novel ways.
Teamwork and management are two of the few abilities that will help a student succeed in their desired career. Individuals interested in pursuing PG programs as a field of study and profession should be familiar with the foundations of collaboration, as working in a team will help a business run more smoothly.
- Workflow improvement
Individuals with good workflow management and a PG diploma achieve high rankings in their assigned workplace. They can efficiently create, execute, and manage processes to gain a deeper understanding of the company’s functions at each stage. Candidates who take a PGDM course and learn effective workflow advancement can minimize errors in daily operations, increase collaboration, enhance efficiency, reduce unnecessary mundane tasks, maintain multiple tasks, and also have greater visibility among team members, resulting in a better workplace environment.
- Organizing resources
It is critical for a candidate in the business world to appropriately organize assets. The effective handling of a company’s resources, such as revenues, commodities, and human resources, is referred to as resource organization. Corporations place a higher emphasis on individuals who have a systematic approach to resource management since they ensure a company’s smooth operation.
- Communication skills
In every given corporate context, communication abilities are perhaps the most crucial talent a candidate must possess. A candidate’s success and position in a company are determined by their relationships with coworkers, superiors, employers, and other business partners. The quicker a person engages in business relationships, the greater the risk to a firm’s reputation and the candidate’s.
- Problem solving
Students pursuing a postgraduate diploma must be capable of negotiating, identifying the source of problems, and solving them. A graduate program can lead to a career in any sector or functional area. Organizations seek out people who are competent at managing, organizing, and solving problems.
An employee becomes a great asset to the organization when he or she can tackle complicated challenges with ease. There are never any simplified tasks or quickly processed data in the corporate sector or company procedures. There is a bevy of challenges in management that aren’t discussed in any textbook. The capacity of a PGD graduate to solve problems has grown in importance, and students who have a record of success in resolving difficulties inside their team and office are highly valued.
- Decision making
Decision-making abilities are the methods we use to make choices on the basis of where we wish to take our organizations. Decision-making skills, unlike issue skills, which seem to be dynamic and help to avoid crises from developing in the first place, are future-oriented and help to avoid crises from happening in the first place.
Top College PGD Financial Management
A few of the greatest colleges that provide the best education around the world are listed below:
|Name of Institute||Average Annual Salary|
|Balaji Institute of Management and Human Resource Development, Pune||6,90,000|
|Asian School of Business Management, Bhubaneshwar||5,90,000|
|ITM Institute of Financial Markets, Navi Mumbai||9,20,000|
|Institute of Public Enterprise, Hyderabad||8,00,000|
|Jaipuria Institute of Management, Lucknow||6,90,000|
|IIEBM Indus Business School, Pune||5,50,000|
|T A Pai Management Institute, Manipal||13,00,000|
|SDM Institute for Management Development, Mysore||10,07,000|
|Chandigarh University, Chandigarh||1,59,000|
|EMPI Business School, Chattarpur, Delhi||7,25,000|
|United World School of Business, Kolkata||5,30,000|
|International Management Institute, Bhubaneshwar||9,90,000|
|Asia-Pacific Institute of Management, Delhi||8,00,000|
|K J. Somaiya Institute of Management Studies and Research, Mumbai||11,90,000|
|Jaipuria Institute of Management, Noida||9,00,000|
Distance Learning for PGD Financial Management
A postgraduate program is rarely offered as a distance course since it necessitates extensive study. Acharya Nagarjuna University Centre for Distant Education, Guntur, is the only college that offers the course via distance education. Education lasts roughly a year and costs INR 4,597 every year.
Syllabus for PGD Financial Management
For those interested in pursuing the Post Graduate Diploma in Financial Management, the below is a complete subject-by-subject syllabus:
|Principles and Practices of management||Project and infrastructure financing|
|Management accounting||Capital market|
|Managerial Economics||Accounting systems and financial analysis|
|Indian Banking and Financial Systems||Management of bank|
|Marketing of Banking Service||Security analysis and portfolio management|
|Banking Regulations and laws||Bank leading procedures and policies|
|Capital market||Project and infrastructure financing|
|Accounting systems and financial analysis||Macro-economics|
|Management of banking||Micro-financing|
|Security analysis and portfolio management||Risk management|
|Bank lending policies and procedures||Rural and cooperative banking|
Job Role for PGD Financial Management
For an individual who is qualified for the following positions, a PGD in Financial Management is required.The following are among the top PGDM finance recruiters:
- Goldman Sachs
- Morgan Stanley
- Merrill Lynch
- Bain and company
- Boston Consulting companies
- Lehman Brothers
- JP Morgan
- Deutsche Bank
Sectors for Recruiting
The following is a list of industries in which PGDFM graduates can work:
- Money management entails purchasing, selling, and carrying corporate bonds, investments, and other financial instruments. Financial adviser, fund manager analyst, and investment bank operators are examples of common jobs.
- For financial students, the insurance industry offers numerous prospects. Some frequent careers for PGDM finance candidates include calculating the insurance of a firm’s assets or working as a representative for an insurance provider.
- Asset administration
- Corporate banking
- Credit risk management
- Private equity
- Structured derivation
|Job Profile||Job Description||Annual Salary|
|Bank officer||Responsible for all the tasks related to financial services||300,000|
|Bank manager||Schedules, Assigns, and Manage all the financial work||600,000- 700,000|
|Accountant||Records all the financial details including expense, income, and estimation.||600,000-700,000|
|Controller||The person who controls and manages all financial status||700,000-800,000|
|Financial Manager||One who manages all the financial transactions||700,000-800,000|
Future Scopes for PGD Financial Management
Upon finishing PGD in Financial Management programs in the financial industry, students can look forward to a variety of job prospects. Aspirants can apply to work for organizations that provide financial management services as well as academic and training organizations in the sector.
A PGD in Financial Management is a professional course that provides the individual with specialized knowledge and qualifies them as a viable option for firms that demand the assistance of a financial management expert. The candidates are also allowed to enroll in higher education programs such as master’s, MPhil, and Ph.D. programs, which will improve the student’s grade scale.
- His expertise encompasses every facet of financial management. Accounting information, finance management, mergers and acquisitions, and other topics are covered. Students with this expertise have a multitude of options.
- In today’s market, the course has a lot of potential; after completing it, the candidate will be qualified for a variety of employment in areas such as insurance, mutual funds, and loans, among others.
- Candidates can start as a trainee or finance manager in different enterprises, which will offer doors for subsequent promotions and opportunities to go up the corporate ladder to positions such as finance manager and CFO. All of this gives a person with a strong wage package and additional advantages.
The following are some common fields of work after completing a PGD in Financial Management:
- Financial Service Providers
- Investment Management
- Portfolio Management
- financial consultancies
- Financial Risk Management
FAQ’s for PGD in Financial Management
The primary goal of this course is to provide the candidate with a thorough knowledge of the financial and banking industries. An understanding of domestic and international financial strategies and tactics was also provided. This course assists learners in better managing important problems in financial sectors, allowing them to be accountable for more advantages.
This course is open to individuals who have finished their bachelor’s graduate degree with a minimum aggregate grade in their exams. Some institutions assess the entrance test scores based on the programs offered and may take those scores into account as well.
No, prior work experience is not required. Without any prior work experience, students can pursue a PGD in Financial Management.
After completing a PGD in Financial Management, the average beginning income ranges from INR 300,000 to 500,000.
This curriculum is aimed at working professionals. Applicants must be employed by a different organization at the time of application. Professionals with a valid business license are also qualified to participate. Check the course qualifying criteria for more details, covering educational knowledge and job experience.