PG Diploma in Finance: Course, Admission, Colleges, Fees, Scope, Jobs 2023

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Sounak Banerjee

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Post Graduate Diploma in Finance is a 1-year full-time diploma course designed for working professionals aspiring for rapid career progression. 

Eligibility for this PG Diploma in Finance course is a bachelor’s degree in Finance or an equivalent bachelor’s degree with 50% of marks from a recognized university. Some of the reputed institutes conduct entrance tests along with a personal interview for selecting candidates for PG Diploma in Finance course admission.

PG Diploma in Finance course covers critical learning such as international finance and merges, working capital management, and acquisition among others. 

The average fee to pursue Post Graduate Diploma in Finance is INR 40,000 to INR 1,80,000. However, government institutes have less fee as compared to private institutes. 

Post completing Post Graduate Diploma in Finance course students can work as Financial Analyst, Financial Planner, Financial Manager, Accountant, Portfolio Manager, etc. 

They can work in areas related to Private and Foreign Banks, Content Marketing, Education, Stock Markets, Teaching, etc. The average salary package of such graduates ranges from INR 4 LPA to INR 6 LPA.

See More: Top Post Graduate Diploma in Finance Colleges in India

PG Diploma in Finance: Course Highlights

Below given is the course highlights of the PG Diploma in Finance Course for students to understand the course with much ease.

Course Level Postgraduate Diploma
Duration 1 year
Examination Type Semester type
Eligibility Bachelor’s degree
Admission Process Merit-based or Entrance-based
Top recruiting organizations Altisource, Inspiration Manpower Consultancy Private Limited, L&T, Amazon, Rivera Manpower Services, HP, Honeywell
Top recruiting areas Private and Foreign Banks, Content Marketing, Education, Stock Markets, Teaching, Institutes
Top job profiles Financial Analyst, Financial Planner, Financial Manager, Accountant, Portfolio Manager, CMA, CFA and many others.
Average Fee INR 10,000 to 6 Lacs
Average Starting Salary INR 2 to 5 Lacs
Admission Process

Post Graduate Diploma in Finance: Admission Process

Admission to Post Graduate Diploma in Finance course is based on merit-based or entrance-based. Many Institutes select candidates through a merit list prepared by a university for this course admission. 

Some of the reputed institutes conduct entrance examinations along with the (PI) personal interview round for selecting candidates for course admission. Entrance exams may vary from one institute to another on the basis of their rules and regulation. Few colleges directly admit students for this PG Diploma in Finance course admission. Some of the important points related to PG Diploma in Finance admission to this course are discussed below. 

  • Generally, there is no such process as a common entrance examination. However, different colleges may hold their entrance level examinations for admission.
  • For availing admission to the course, students have to visit the official website of the college or visit the college’s campus for more information.
  • If the candidate clears the cutoff, they will be called for a personal interview most times. Some colleges provide direct admission without a personal interview.
  • Merit lists/cut-off are announced shortly after application forms are filled.
  • In the case of entrance examinations, the students who clear the cutoff will be called in for personal interviews.
  • If selected, the candidates can then go to the allotted college for submission. 

Post Graduate Diploma in Finance: Eligibility Criteria

The candidates seeking admission to PG Diploma in Finance course must qualify certain minimum eligibility criteria, some of which are mentioned below. 

  • A candidate must have passed their Graduation from a recognised educational institution to deem eligible for the PG Diploma in Finance course. 
  • They also must have Mathematics as one of their compulsory subjects in their high school level qualifying examination to attain eligibility for the PG Diploma in Finance course. 
  • The percentage of marks required for admission can vary from one institute to institute.

Check Also: Post Graduate Diploma in Finance Cut-Offs

What is it About?

Post Graduate Diploma in Finance: What is it about?

Below given is a detailed description of the PG Diploma course in bullets for students to understand the overview of the course with much ease.

  • PG Diploma in Finance introduces candidates to financial management theories and financial decision tools.
  • It is a 1-year course where students study to interpret financial statements, plan, and measure performance through budgets and different financial strategies, create financial decisions and manage financial risks.
  • This course incorporates the subjects identified with financial matters with the relevance of the banking sector. 
  • It also enhances a candidate's knowledge and skills in other different fields of finance. 
  • PG Diploma in Finance is specialized to create a basic integrated perspective of the primary managerial functions and provide candidates with an establishment for pursuing managerial duties and further studies.

Why Study Post Graduate Diploma in Finance?

Below given is a course advantage of the PG Diploma in Finance course. These are the reasons why students should opt for this course.

  • Diversified Career Options: PG Diploma Finance opens various career options in different fields and organizations. The student with this course can work in the private and government sector like accounting firms, private banks etc. Government jobs like policy planning, public accounting, and treasury and forex department can be bagged by the PG Diploma in finance students. 
  • Deals with accounting and financial aspect: The course of the PG Diploma in Finance curriculum is novel and deals with financial and accounting aspects.
  • Interesting Subjects: The study of accounting and finance subjects with the essence of financial advancements makes the course interesting.
  • Higher Studies: After pursuing PG Diploma in Finance course, students can also opt for higher studies to increase their knowledge and hence their chances of landing up in better jobs.
Top Colleges

Post Graduate Diploma in Finance: Top Colleges

Post Graduate Diploma in Finance: College Comparison

Below given is a college comparison of the top colleges offering a PG Diploma in Finance on the basis of a few parameters that would help the students to select the desired college with much ease and as per their convenience.

Parameters India Institute of Finance Doon Business School
Location Greater Noida Dehradun
Overview IIF was established in 1987 under the aegis of Jyoti Foundation which is a public charitable trust registered under the Trust Act. The institute was founded as a non-profit autonomous educational institution with the objective to promote research and education in finance and related fields. DBS Dehradun was established in 2007 as a private Institution. It is approved by the AICTE, University Grants Commission (UGC) and affiliated to Uttarakhand Technical University, Dehradun.
Admission Process Merit and Entrance Based Entrance Based
Average Fee INR 3,40,000 INR 72,000
Top Recruiters Wipro, HUL, Byjus, Gold plus, HDFC, TSC, Muthoot Finance, Kotak Mahindra Bank, Decathlon etc Johnson & Johnson, Axis Bank, HDFC Bank, GTM, Genpact, HDFC life, ICICI prudential, Kotak Life, Extramark, etc.
Average Salary Package INR 6 LPA INR 5.8 LPA
Course Syllabus

Post Graduate Diploma in Finance: Syllabus

Below given is a semester wise syllabus of the PG Diploma in Finance Course for the convenience of students. This syllabus may differ from various institutes to institutes.

Semester I Semester II
Principles and Practices of Management Capital Market
Management Accounting Accounting Systems and Financial Analysis
Managerial Economics Management of Bank
Indian Banking and Financial System Security Analysis and Portfolio Management
Marketing of Banking Services Bank Lending Policies and Procedures
Banking Regulations and Laws Project and Infrastructure Financing
Capital Market Macro Economics
Accounting Systems and Financial Analysis Micro Framing
Management of Bank Risk Management
Security Analysis and Portfolio Management Rural and Co-operative Banking
Bank Lending Policies and Procedures Project Report
Project and Infrastructure Financing -

Post Graduate Diploma in Finance: Recommended Books

Below given are the important books that every student must have who is pursuing PG Diploma in Finance course.

Book Name Author
Introduction to Finance: Markets, Investments, and Financial Management Edgar A. Norton and Ronald Melicher
Venture Capital and the Finance of Innovation Andrew Metrick and Ayako Yasuda
Mastering Financial Modelling: A Practitioner's Guide to Applied Corporate Finance Alastair Day Alastair Day
Financial Modelling in Practice: A Concise Guide for Intermediate and Advanced Level Michael Rees
Financial Analysis and Modeling Using Excel and VBA Chandan Sengupta

Post Graduate Diploma in Finance: Course Comparison

Below given is a course comparison between PG Diploma in Finance and PG Diploma in Accountancy on the basis of a few parameters that would help the students to select their desired subjects.

Parameters PG Diploma in Finance PG Diploma in Accountancy
Course Type Post Graduate Diploma Post Graduate Diploma
Duration 1 Year 1 Year
Course Overview PG Diploma in Finance studies about principles of financial and managing assets. It aims to study areas of some related topics in financial theory and decision-making of managerial finance. PG Diploma in Accountancy is a professional education specializing in accounting topics such as bookkeeping and financial accounting. It deals with processes involved in the management of income and expenses related to a business.
Admission Type Merit Bases/ Entrance Based Merit Bases/ Entrance Based
Eligibility Graduation with at least 50% aggregate Graduation with at least 50% aggregate
Average Fees INR 30,000 to INR 1,50,000 INR 30,000 to INR 1,50,000
Top Job Profiles Accountant, Finance Manager, Operations Manager, Account Executive, Financial Analyst, Executive Assistant, Chartered Accountant, and many more. Financial Analyst, Financial Planner, Financial Manager, Accountant, Portfolio Manager, etc.
Average Salary Package INR 4 LPA INR 4 LPA

Check Out: Top Colleges offering PG Diploma in Accountancy

Job Profiles

Post Graduate Diploma in Finance: Job Profiles

Professionals in the field of finance may work in areas like investment banks, accountancy firms, insurance companies, high street banks, management consultancies, building societies, and public sectors. These professionals also have opportunities in small and medium-sized organisations. 

PG Diploma Finance graduates may work in roles offered by the top financial industries include accounting technician, business adviser, chartered accountant, chartered certified accountant, chartered management accountant, chartered public finance accountant, actuarial analyst, forensic accountant, stockbroker, company secretary, management consultant, retail banker, tax adviser, purchasing manager, data analyst, etc.

Below given are the various job roles along with their average salary package.

Job Profiles Description Average Salary
Financial Analyst Financial analysts are responsible for assessing and making decisions about customer credit applications using a range of criteria including the purpose of the application, payments, collections, credit viability, and that customer payment history and customer credit-worthiness. INR 4 to 5 Lacs
Bank Manager Bank managers are responsible for managing staff, selling bank services and products, understanding banking policies, mastering math and accounting, regulations, and procedures. INR 6 to 7 Lacs
Accountant Accountants are responsible for performing administrative duties such as maintaining schedules, and the production of forms. INR 2 to 4 Lacs
Financial Manager Financial managers are responsible for overseeing a company’s financial condition, preparing or reviewing financial reports, analyzing trends and advising the top management personnel on finances and profits. INR 9 to 10 Lacs
Portfolio Manager Portfolio managers are responsible for completing projects, managing research projects assigned by the committee, and actively participate as a member. INR 10 to 11 Lacs
Future Scope

Post Graduate Diploma in Finance: Future Scope

  • PG Diploma in Finance graduates who would like to continue their studies in Finance can further study a PhD in Finance and Accounts. In this course, they may completely learn all aspects of finance and gain knowledge and skills in Finance. 
  • After completing this PhD course, graduates may find jobs in reputed or government channels or companies with high salary packages. 
FAQs

Post Graduate Diploma in Finance: FAQs

Ques. What is a PG diploma in finance?

Ans. PG Diploma in Finance AKA Post Graduate Diploma in Finance is a two-semester Work Integrated Learning Programme designed for working professionals aspiring for rapid career progression in high-growth areas of Finance or the BFSI industry and who wish to stand out in highly competitive workplaces.

Ques. What is the qualification for a PG diploma in Finance?

Ans. The PG diploma is a postgraduate academic qualification taken after a bachelor's degree. Students seeking admission in this course must have completed a graduation degree with at least 50% aggregate.

Ques. Is a PG diploma degree equivalent to an MBA Degree?

Ans. No, PG is a Diploma course whereas MBA is a degree course, hence it cannot be claimed that PGDM and MBA are completely equivalent. However, in terms of core subjects and curriculum, MBA and PGDM are mostly similar.

Ques. Is a PG Diploma in Finance or MBA better?

Ans. MBA courses tend to be more theoretical, while a PGDM focuses on the technical aspects, providing exposure to real-life business situations. Also, a PG Diploma in Finance is very different from a one-year PG offered by many private institutes all across India. Another advantage of a PG Diploma in Finance is, as it is offered by autonomous institutes, the curriculum can be upgraded more frequently to include the new changes and trends in business management.

Ques. Does a PG Diploma in Finance have value?

Ans. Yes, Overall, a postgraduate diploma is perfect for those of you wanting a qualification that can enhance your career, with practical aspects as well as theoretical – or those wishing to expand their knowledge without the commitment to research of a masters degree.

Ques. Can I do a PhD after a PG diploma in Finance?

Ans. Yes, If your PG diploma is equivalent to a Masters course degree only then you will be eligible for a PhD program.

Post Graduate Diploma in Finance : 70 answered questions

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Ques. How is IIM Rohtak for MBA finance? How is the crowd and professors? What is the real average package?

● Top Answer By Shurti Bansal on 24 May 22

Ans. IIM Rohtak is a good option for an MBA in Finance. It has a good ecosystem for Finance specialization. Every year, many students clear CFA Level 1.  The institute has a good faculty base.  The student crowd is competitive. You will share classrooms with talented peers. The peer group is pretty diverse as well. There are people from different academic and cultural backgrounds.   During IIM Rohtak placements 2022, around 6% of students got placed in the finance sector.  The average CTC for this year was INR 16.06 LPA. Read more
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Ques. How good is the department of financial studies MBA (FM), Delhi University?

● Top Answer By Akriti Banerjee on 15 Sept 23

Ans. My brother was a student at this college and so this answer is based on his experience solely. The Department of Financial Studies is a CFA-affiliated college wherein you can get a scholarship for pursuing a CFA degree. Its MBA program is highly coveted. It's the best option for you if you want to pursue a career in Finance and fail to make it to other B Schools. Here are some factors to consider  Fees: The low fees charged by DFS is the USP of the college. You can pursue an MBA at just 26000. IIMs fees on the other end are very high Around 13–24 lakhs. So DFS offers a better ROI than IIMs. Curriculum: Curriculum-wise, DFS cannot be compared to IIMs that have excellent course structure at par with foreign universities. DFS follows the semester pattern, unlike the trimester pattern in IIMs. IIMs conduct case study competitions but this is not the case at DFS. Faculty : DFS has some very well-educated and experienced faculty members much better than at least the new IIMs. Placement: The placements at DFS are at par with new IIMs only and not other top IIMs.  Alumni: The small batch size of DFS has failed to establish an elaborate alumni base in contrast to IIM Ahmedabad. Ultimately, if you don’t want a huge loan to repay at the end of 2 years or the IIM tag, DFS is the best optionRead more
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Ques. Which one should I choose: MBA at IIT Kharagpur (operations) or IMT Ghaziabad (finance)?

● Top Answer By Akriti Banerjee on 06 Oct 23

Ans. IIT Kharagpur for operations would be better than IMT Ghaziabad (finance). As IMT Ghaziabad is more famous for its marketing course than finance. IIT Kharagpur is known for its operations management program and has a strong reputation as an institution of the Indian Institutes of Technology (IITs). A few key aspects of IIT Kharagpur are as follows: In 2023 IIT Kharagpur secured 14th rank among all top management schools in India. This does reflect its academic excellence, infrastructural abilities, faculty strength, and placement records.  The faculties are adequately skilled and helpful while imparting quality education. The hostel's amenities include triple and double sharing, as well as all the essentials. The food is of high quality, and you will have four meals. The admissions procedure includes signing up for the hostel. Accommodation in a hostel is required for all students. IIT Kharagpur placements 2023 have been concluded. IT Kgp highest package stood at INR 43.37 LPA whereas VGSOM IIT Kharagpur's average package stood at INR 22.13 LPA. So based on these aspects IIT Kharagpur is a better option for pursuing an MBA in operation management.Read more
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Ques. How is IMT Ghaziabad if you get a PGDM (finance) here?

● Top Answer By Tanuj Chandra on 16 Feb 23

Ans. IMT Ghaziabad consistently ranks amongst the top 20 MBA colleges in the country. In terms of exposure, you will have the opportunity to interact with good visiting faculty and your batchmates will be people who have ranked amongst the top percentile in CAT. The college also has a vibrant campus life with lots of extra-curricular activities. However, like all private-funded colleges, there are certain seats allotted to the management quota. When considering attending IMT Ghaziabad, it is important to consider your career goals. If you are looking for a pure finance role (PGDM) in front-end Investment banking or PE, IMT Ghaziabad may not be the best fit, as core finance roles are limited. However, there are opportunities for corporate finance jobs and banks visit campus for recruitment.Read more
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Ques. How are the placements in the NL Dalmia College for an MBA in finance?

● Top Answer By Tanisha Jain on 27 May 22

Ans. NL Dalmia placements are good for MBA in Finance. During 2022 placements Finance was the top sector recruiting students. Students received an average CTC of INR 6.5 LPA. The highest CTC offered in this sector goes up to INR 13 LPA. Some of the major recruiters from the Finance sector are Crisil, HDFC, Amul, City Bank, etc. Read more
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Ques. Should I join K J Somaiya PGDM FS or FORE PGDM?

● Top Answer By Samarth Gaur on 06 Jan 23

Ans. FORE and KJ Somaiya are both excellent. The curriculum is designed in consultation with industry leaders and the growing demands of the industry as an ongoing process at FORE, making it relevant to the workplace. FORE has a strong connection with the corporate world and is a preferred destination for recruiters because it provides value to the recruiter as well. The average CTC offered by both institutes is nearly identical - FORE: INR 14.04 LPA & KJS: INR 12.28 LPA. If you are not from Mumbai, you must also consider the cost of living. Delhi/NCR is always less expensive than Mumbai.Read more
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Ques. How good is SCMHRD for MBA in finance?

● Top Answer By Piyush Malawat on 23 Apr 21

Ans. One of my relatives who used to be a student of SCMHRD feels that the course is directly proportional to the quality or effort of the students who are a part of it. He has shed some light on the following: Academics: The course curriculum can be a tad gruesome and it has more to do with finance as all the students are prepared to tough it out in finance. They will take some other specialization if not finance. So he advises the students and would-be students to prepare themselves. The course structure is similar to the standards of the industry and also on equal footing with other colleges of repute. Placements: Major banks like ICICI, Citibank, AXIS, HDFC, etc come to the institute for placements. They may offer positions like relationship managers or credit analysis, etc. They can also offer positions like equity research in HSBC, verity solutions, credit analysis in JPMC, DE Shaw, etc. You will be able to choose from a wide range of domains. Faculty: One of the teachers was CFA/FRM qualified. She had completed her CA, MBA, Ph.D., and was a banker. Background: Most of the candidates are from an engineering background. Some are from the CA background, BBA, and also from the commerce background. The institute also provides a good platform for appearing in various events of the institute and corporate events. It can be a good way to stand out from the crowd.Read more
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Ques. What is the difference between PGDM BFSI and PGDM Finance at IMT Ghaziabad ?

● Top Answer By Sreetoma Gupta on 04 Jun 23

Ans. The emphasis of the curriculum distinguishes the IMT Ghaziabad PGDM Finance programme from the full-time PGDM program. A general management education, including instruction in marketing, finance, operations, and strategy, is provided via the full-time PGDM programme. The program's participants will enroll in a range of business-related courses. On the other side, the PGDM Finance programme specialises in finance and related fields. With the option to specialise in fields including corporate finance, investment banking, and financial analysis, students in this programme will take courses that are highly focused on accounting and finance.Read more
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Ques. How good is IMT Hyderabad for MBA in Finance in terms of ROI?

● Top Answer By Sabeer Chalana on 11 Jul 23

Ans. There is no fixed ROI one can expect after completing MBA in Finance from IMT Hyderabad. It all depends on your academic profile and the way you spent 2 years here. Some students here come just for enjoying campus life while some take academics seriously and give it their all. The ROI directly depends on your skills and performance in the interview and cannot be generalized.Read more
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Ques. Which is better, IMI Delhi PGDM or IMT-G PGDM Finance?

● Top Answer By Ankit Bhansali on 03 Mar 23

Ans. Both the options you mentioned, IMI Delhi PGDM and IMT G Finance are good in their own individual aspects. So you should rather be asking which is better for you. Now this depends on what you really want from your PGDM. By choosing PGDM Finance you will limit yourself only to the Finance sector, whereas a PGDM core will give you a chance to explore various domains before selecting your specialization. The former is a good option if you are certain about your interest in Finance and want to excel in that sector no matter what while the latter is good if you are open to all options. Talking about IMI Delhi in general, the B School offers an abundance of opportunities through student bodies and other student driven activities. Moreover the additional locational advantage is what makes it a fairly good option. The batch size is also not too big and thus balances the student teacher ratio. Placements are pretty decent at IMI Delhi. The IMI Delhi average package (overall) offered during 2023 placements was INR 17.01 LPA. For PGDM, PGDM (B&FS), and PGDM (HR) the average package stood at INR 17.20 LPA, INR 16.48 LPA, and INR 15.58 LPA, respectively. The primary highlight of the B School is its student exchange program wherein students from foreign universities join the B School for a fixed period while students from IMI Delhi visit a foreign university in exchange. All these factors make IMI Delhi a very good choice in comparison to IMT G.Read more
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