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What is PGDM in Finance Course (Complete Guide)

What is a PGDM Finance course?

The PGDM program is designed for candidates who want to broaden their knowledge of financial management topics such as working capital management, international finance, and mergers and acquisitions, to name a few.

The course helps in assisting the students in understanding their finance manager's tasks and responsibilities in the organization.

It is also useful for examining spending patterns and creating balance sheets, as well as analyzing the concept of cost minimization and profit maximization. Finance is the capital required to launch a new business and that which also helps in creating a robust financial plan for start-ups. It could be for a startup, a new venture, a merger, or an investment on the company's behalf. Finance is the company's capital, and a PGDM in finance teaches you all you need to know about financial management. It is one of the most significant components of running a business because all businesses have plans to grow and expand regularly.

The domain being a significant sector has led to high demand and an even higher surge in the times to come. 

A PGDM in Finance course stands for a Postgraduate Diploma in Management in the Finance sector.

Those students who wish to specialize in the financial sector can also opt for a PGDM finance course instead of an MBA. 

Many people pursue a PGDM in finance after graduation because it offers a lot of opportunities for a high-paying, long-term career. Its MBA counterpart is also popular, but firms prefer the PGDM in finance because it is a more industry-focused program that can help the candidates with better job prospects.

 

The benefits a PGDM Finance course has to offer

  • Finance is the means to initiate a new business or startup, as finance is the lifeblood of all business enterprises.
  • Every business wishes to grow itself in every aspect to a great extent provided that there are a number of enough resources needed to meet up all the requirements successfully and efficiently. The candidates in this field can help the firms to meet these requirements. 
  • It is not only about making money but it is also about achieving our deep goals and protecting the fruit of labor. Hence, the course also equips the candidates to work towards the long-term financial goals of a firm.

The finance industry is expanding over the world, particularly in India. This indicates that favorable growth will continue in the times to come. There will be ups and downs, but the market is subject to getting back on track with time since it is a well-regulated industry. There are many different occupations in finance to choose from. During the course, you will be able to determine which field most interests you and then choose to pursue a career in that specialization.

Your progress depends on the company you work for and your negotiating skills, but with a PGDM in finance, a candidate is more likely to earn a decent sum of income.

The finance industry has the advantage of having a lot of competition and a lot of big players. As a result, you will have multiple career opportunities and give you offers to change firms as well for a greater salary.

 

Skills required

The skills that the candidates in the PGDM Finance course require include -

  • Communication and managerial skills
  • Attention to detail and research skills
  • Mathematical and analytical skills

 

PGDM (Finance) vs. MBA 

Though there are multiple similarities and differences between the PGDM and MBA courses, we are helping you draw a line between the two.

  • The MBA is the old version of a two-year PGDM in India degree, and a graduate degree in management sounds better to individuals who want to acquire a degree in management.
  • PGDM courses are, on average, more industry-relevant and closer to the labor market.
  • For people with a strong work ethic and a desire to study, a PGDM is an excellent option.

Most MBA programs are thought to concentrate on the technical and theoretical components of management. The PGDM colleges courses are often practical and industrially oriented, with a greater emphasis on skills-based on market demands.

The syllabus is the second major factor of distinction between the two courses. An MBA's curriculum is created by the university. Subjects and curriculum at two colleges affiliated with the same institution may be the same. Individual institutes, on the other hand, choose and construct the curriculum for PGDM, giving the course curriculum freedom. This course is more industry-driven because the syllabus is frequently revised based on industry requirements. Universities, on the whole, lag in this area since they update their curriculum at the gap of a couple of years. 

MBA degrees can sometimes also be tagged as more reliable since they are awarded by universities. Whereas the syllabus of the PGDM courses can turn out to be more prone to differ because they are given by autonomous organizations.

 

The eligibility criteria

A bachelor's degree requires a minimum of 50% grades to pursue this program from any stream from a recognized university. Students from any discipline can enroll in the PGDM Finance program, but they must first pass several management admission tests. The CAT, MAT, and GMAT are some of the most popular PGDM Finance entry tests.

Though the duration of the course depends upon the universities, the duration of the course is usually 2 years, which follows the semester system. 

The average fees for the PGDM finance course range from INR 25,000 to INR 4,00,000. 

To learn more about what is required for a PGDM in Finance, students must meet the following PGDM in Finance Eligibility criteria:

  • One entrance exam must be passed. There are some mentioned by the institute specifically.
  • A minimum of 50% is required.
  • Students in their final year of study are also eligible to apply.
  • GD/PI/Online registration is available.
  • Along with academics, skills and professional experience are the most important factors.

The entrance exams that the institutes usually consider include - 

  • XAT
  • CAT
  • MAT
  • GMAT
  • CMAT
  • TSICET and 
  • ATMA

Certain universities might also specify particular entrance exams by the universities among the current list of entrance exams.  

 

The subjects covered

The subjects offered within the course could depend on the duration of the course and the institute. Some of the offered subjects include - 

  • Accounting systems
  • Financial markets
  • Financial statement analysts
  • Investment management
  • Financial management
  • International finance
  • Taxation (Direct and Indirect)

 

The scope after PGDM in Finance

The scope after PGDM in Finance is vast and ever-growing. 

The completion of a PGDM finance course involves opting for the job postings like an Investment banker, Finance manager, financial advisor, financial planner, banker, equity analyst, and others. The career scope continues to expand to the private, public, and government sectors as well.

These job profiles can help the candidate with salaries up to INR 2,00,000 to INR 15,00,000 annually. 

The scope of the job also includes critical learning aspects such as international financial laws, mergers, and acquisitions, and working with capital management. 

The PGDM Finance course can help the candidate with multiple benefits. You can find some of the benefits below - 

  • Business and financial knowledge
  • Leadership and management skills
  • Higher pay
  • Networking 
  • Career growth opportunities

These prospects are bound to improve and increase as the candidate opts for more education. The higher education that a candidate can opt for includes degrees like - 

  • Ph.D. Management studies
  • Ph.D. finance
  • Ph.D. Finance and accounts

The main areas of recruitment in the field include IT, Insurance, Real Estate, consulting, Pharma and Healthcare, Financial Services, Banks, and taxation. 

 

PGDM in Finance Abroad

We evaluated certain factors to select the best countries for future Finance professionals in this complete guide. These include university tuition fees, international rankings of leading universities, and job chances for graduates.

This way, you may choose the best spot to pursue a Finance degree depending on your financial resources, the university's global reputation, or your prospects of finding work after graduation.

Some of the best countries to study PGDM in Finance include France, Germany, Norway, Sweden, Denmark, China, and the United States to name a few. 

To study overseas, the candidate should also pass IELTS, TOEFL, PTE, and GMAT exams with good grades. 

 

Key takeaways

Multiple universities and institutes offer the PGDM Finance course with distance education. Though it is also important to ensure that the duration of the course is subject to be prolonged as the mode of education changes to distance education. 

Certain universities might also extend the course to 3 years, and likewise, the fee structure and the syllabus are also likely to fluctuate. As with distance education, there are no age criteria to be followed. 

A PGDM in finance is an excellent investment of both time and money. As the field grows exponentially, professionals are bound to make a decent income from their jobs. Along with better finances, the candidates also get the opportunity to grow and expand their knowledge base. Hence the course is more likely to benefit your profession as well as finances.

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