PGP in Management (Finance) is a 2- year full time autonomous, industry- oriented program divided into 4 semesters, with each semester lasting 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 such as CAT, GMAT, XAT, CMAT, ATMA, SNAP carried out by different universities, and other State level examinations. The average tuition fee charged for this course in India ranges between INR 1 to 3 Lacs.
Successful post graduates of the course are hired at leading 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.
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PGP in Management (Finance): Course Highlights
Tabulated below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Graduate in any discipline, from a recognized University|
|Admission Process||Based on counselling after clearing Entrance Tests CAT, GMAT, XAT, CMAT, ATMA for different colleges|
|Course Fee||INR 1.0 Lakh p.a.|
|Average Starting salary||INR 8 to 10 Lakh p.a.|
|Top recruiting companies||Deloitte, KPMG, PwC, EY, other banks|
PGP in Management (Finance): What is it About?
Finance is the life-blood of any organization and the PGP in Management (Finance) module covers critical areas such as working capital management, international finance, and mergers & acquisition among others.
The course explores advanced concepts involved in analyzing cost center, expenses of an organization and making effective balance sheets, aspects of minimizing cost and maximizing profit, and developing financial management skills required in the industry.
The is designed for candidates interested in pursuing a career in financial services industries & financial backup of an organization, in banking and financial service industries such as insurance and mutual funds, among others, and is particularly aimed at students seeking distance- based learning.
PGP in Management (Finance): Who Should Apply?
The course is ideally suited for the following individuals:
- Professionals in middle management level seeking to renew fundamentals.
- Professionals aiming to shift to financial functions.
- Graduates to enhance their skills in financial areas.
- Graduates looking for specific skills to increase their job prospects.
Any successful business needs financial viability and stability. The role of a finance manager, therefore, becomes central to the smooth functioning of an organization. PGP in Management (Finance) is a 2- year distance learning program that offers keen insights into the concepts of finance, auditing, accounting and capital management.
This course is designed keeping in mind the constantly evolving needs of professionals seeking a career in finance, and provides an excellent platform for those pursuing to further their growth with banking and financial institutions, financial consultancies, corporate finance organizations etc. It is ideal for students looking to switch jobs and explore new avenues in career by equipping them with the requisite management skills, helping open doors to careers in consultancy, banking, finance etc.
The program is offered via the distance learning module including weekend lectures and online lectures by industry- experts.
The program explores:
- fundamental concepts of financial management and their practical application.
- financial analysis, cost accounting, management accounting and its impact on general decision making.
- role of financial institutions and their regulations.
- financial strategies, risk assessment and capital investment.
Top Institutes Offering PGP in Management (Finance)
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 Institute||City|| Full Course Fees|
|IIMB||Delhi||INR 1.0 Lakh|
|IMT||Ghaziabad||INR 1.0 Lakh|
|Welingkar||Mumbai||INR 1.2 Lakh|
|Symbiosis centre of Distance Learning||Pune||INR 40,000|
|NICMAR||Bangalore||INR 1.0 Lakh|
Eligibility for PGP in Management (Finance)
The minimum eligibility required for pursuing the course is any of the following:
- Bachelor’s degree in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU) with a minimum aggregate graduating score of 50%.
- Bachelor’s degree in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU) with a minimum aggregate graduating score less than 50%, but a minimum of 2 years of work experience.
Consideration is given to SC/ST candidates and Persons with Disability (PWD).
Candidates from Engineering / Commerce / Mathematics / Economics backgrounds get an edge over the remaining applicants.
Candidates looking for specialization should be preferably from BCA / MCA / BE/ engineering backgrounds.
Persons with higher professional qualifications and experience are given preference.
PGP in Management (Finance): Admission Process
Selection is based on performance in entrance exams held by the university. The general process is:
- Pre- screening of candidates which is done on basis of Academic Profile (20%),
- CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%)
- Personal Interview (30%).
Entrance Test: The question paper for the exam is in QMR format testing the applicants’ aptitude and logical reasoning. These examinations are generally conducted in April. Here is a list of the entrance exams conducted for admission to the course:
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The 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 parameters such as:
- Verbal Ability (30%),
- Data Interpretation and logical reasoning (30%),
- Quantitative Aptitude (30%),
- General Knowledge on Financial Markets (10%)
The test lasts for 2 hours with negative marking of 0.25 per mark for every incorrect answer.
Shortlisted candidates are called for the round of personal interview based on performance in MAT/ CMAT/ CAT/ GMAT/ XAT/ ATMA.
Candidates are selected based on the basis of score/percentile in MAT/CMAT/CAT/GMAT/XAT/ATMA, academic credentials, performance in personal interview (PI), demonstrated interest in the healthcare management, and communication skills.
PGP in Management (Finance): Lateral Entry
There are a few institutes in India which offer lateral entry directly on the basis of the candidates’ Bachelor’s degree.
Post Graduate Programme in Management (Finance) is a 2- year course divided across 4 semesters with theoretical and project work.
PGP in Management (Finance): Career Prospects
The program offers multiple career options in financial markets in USA, Singapore and India. As per a research conducted by Mc Kinsey & Co. for Gujarat International Finance Tec-City, Govt. of Gujarat, the financial sector is poised to create 1, 00, 00,000 plus jobs by 2020. The course prepares students for multiple career options in financial markets such as capital market, mutual funds, derivative, currency and commodity markets, financial services etc. One can go for lucrative career opportunities in areas like investment banking, treasury, research & analytics, wealth management, stock broking, surveillance, compliance, risk management, asset management, financial journalism etc.
Some of the popular industries that hire successful postgraduates of the course are:
- Public Sector Banks
- Private Sector Banks
- Foreign Banks
- Financial Institutional Investors (FII)
- Urban Cooperative Banks
- Rural Cooperative Credit Institutions
- Knowledge Process Outsource (KPO’s)
- Business Process Outsource (BPO’s)
- Investment Advisory Firms
- Term-lending Institutions
- State Finance Corporations
- Refinance Institutions
- Non-Bank Finance Companies
- Equity Research
- Fixed Income Dealing
- Treasury Management
- Index product development
- Business Development
Some of the top recruiters for this discipline include popular firms such as 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, among others.
PGP in Management (Finance): Employment Opportunities and Salary status
|Job Profile||Description||Average Pay Scale|
|Project Manager||Project Managers may work closely with upper management to make sure that the scope and direction of each project is on schedule, as well as other departments for support.||INR 1,818,560 p.a.|
|Investment Bankers||Investment 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 Markets||Capital Markets Strategy Managers lead engagements for global capital markets clients.||INR 12 Lakh per annum|
|Business Analyst||Business Analysts develop technical solutions to business problems, or to advance a company's sales efforts, beginning with defining, analysing and documenting requirements.||INR 8 Lakh per annum|
|Accounting Technicians||Accounting Technicians work in areas of accounts and finance supporting the CA and associate CAs.||INR 1.8 Lakh per annum|
|Manager –Risk and Regulation||Risk 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 if things go wrong and decide how to avoid, reduce or transfer risks.||INR 9.9 Lakh per annum|
|Portfolio Managers||Portfolio 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 Advisors||Investment Advisors help their clients plan for their short and long-term financial goals. These goals may include retirement and education. Also, they may provide investment, tax and insurance advice.||INR 3.26 Lakh per annum|
Such postgraduates are hired in capacities such as:
- Risk Manager
- Credit Analyst
- Branch Manager
- Liabilities Manager
- Assets Manager
- Operations Manager
- Anti Money Laundering Specialist
- FOREX Specialist
- MIS Specialist
- Inspection and Audit Specialist
- Surveillance Specialist
The financial sector in India is predominantly the banking sector with commercial banks accounting for more than 60 per cent of the total assets held by the financial system in India. The country today is one of the most vibrant global economies, on the back of robust banking and insurance sectors, and is projected to become the 5th largest banking sector globally by 2020, as per a joint report by KPMG-CII.
According to a recent report published by the National Skill Development Corporation (NSDC), about 14 lakh people are likely to be employed in the banking industry by 2022. With a renewed focus on financial inclusion and new banks on the anvil, the talent need for the sector shall grow higher than ever. With the rising application of technology in banking services, recruiters are looking for different sets of skills that would help them scale their business keeping the costs low. Banking professionals are expected to possess these skills apart from the specific functional competencies.
Indian market capitalization has moved to INR 644.67 billion with a daily average turnover of INR 2,384 million, ensuring more lucrative career opportunities for skilled professionals in the field.
Modes of delivery of the program include lectures, seminars and tutorials, lab sessions, project and team work.
All technical skills in the course are taught using examples, practical exercises and projects drawn from the world of business with the focus being on the application of technology to business.
A semester- wise breakup of the course’s syllabus is given here:
|Semester I||Semester II||Semester III||Semester IV|
|Principles of Management||Strategic management||Financial Management – I||Semester IV|
|Financial Accounting||Cost Accounting||Financial Management – II||Project Finance|
|Fundamentals of Communication & Interview Preparation||The Integrative Manager||Advanced Direct Tax & Service Tax||Mergers and Acquisitions|
|Human Resource Management||Innovation Management||Investment Management - I||Retail Banking|
|Marketing Management||Mastering the Interview & Networking Skills||Investment Management – II||International Finance|
|Managerial Economics||Project work||Project- ISR||Project|