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PG in Management Finance: Course Details, Eligibility, Admissions, Colleges, Jobs & Salary 2023

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Sounak Banerjee

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PG Program in Management Finance is a full-time postgraduate program which has a duration of 2 years.

PG Program in Management Finance is an industry oriented course program. It helps the candidates to get placed in the financial institutions and other organizations in the financial sector.

The basic eligibility criteria for the course is the possession of Bachelor's degree in any discipline from a recognized institution or university. The candidates must have scored a minimum of 50% of aggregate score in the qualifying exam.

Admissions for PG Program in Management Finance is done through entrance exams. Various entrance exams like CAT, GMAT, XAT, CMAT, ATMA, SNAP are conducted for the admission into various top management institutions across India. The average fee paid for this course varies from INR 1 to 3 Lakhs.

The exams are conducted on a semester basis where there are a total of 4 semesters for 2 years. Each semester has a duration of 6 months. In each semester, the students are educated in both theory subjects as well as practical labs.

Graduates of PG Program in Management Finance are placed at leading companies such as Deloitte, KPMG, PwC, EY, and other banks. They are working in roles such as risk manager and regulator, fund manager, investment consultant, etc. The average starting salary provided to the graduates ranges from INR 8 to 10 Lakhs per year, depending upon the field experience.

PG in Management Finance: Course Highlights 

Course level Post Graduate
Duration 2 year
Examination Type Semesters
Admission Process Based on Counselling after clearing Entrance Tests CAT, GMAT, XAT, CMAT, ATMA for different colleges
Eligibility Graduate in any discipline, from a recognized University
Course fee INR 1 to 20 lakhs
Average salary INR 6 to 8 lakhs per annum
Top Recruiting Companies Deloitte, KPMG, PwC, EY, banks like HDFC Bank, Axis Bank, ICICI Bank, Benchmark Mutual Funds, Birla Sun Life, L&T Mutual Fund, Canara Bank, SBI Mutual Fund, IDFC, TATA, AIG Investments, Aditya Birla Finance, Bank of India, LIC, Reliance Life Insurance
Top Recruiting Areas Capital Markets, Mutual Funds, Derivatives, Currency and Commodity Markets, Financial Services, Investment Banking, Treasury, Wealth Management, Stockbroking, Asset Management, Financial Journalism
Job Positions Project Manager, Manager – Capital Markets, Investment Bankers, Business Analyst, ETC Risk Manager, Credit Analyst, Liabilities Manager, Assets Manager, Operations Manager, Anti Money Laundering Specialist, FOREX Specialist, Inspection and Audit Specialist
Eligibility

PG in Management Finance: Eligibility 

The minimum eligibility required for pursuing the course is any of the following:

  • Bachelor's degree with a minimum aggregate graduation score of 50 percent in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU).
  • Bachelor's degree with a minimum aggregate graduation score of less than 50 percent, but a minimum of 2 years of work experience, in any discipline from a recognized university or an equivalent degree recognized by the Association of Indian Universities (AIU).
  • SC/ST applicants and people with disabilities are given consideration (PWD).
  • Engineering / Commerce / Mathematics / Economics candidates earn an advantage over the remaining applicants.
  • Applicants with BCA / MCA / BE/ engineering backgrounds who are looking for specialization also can apply.
  • Preference is provided to individuals with higher educational credentials and experience.
Admissions Process

PG in Management Finance: Admissions Process 

Normally, the admission process of PG in Management (Finance) is carried out both in merit based and entrance based procedures.

Merit Based Admission 

There are a few institutes in India that offer lateral entry directly on the basis of the candidates’ Bachelor’s degree.

Entrance Based Admission

Selection is based on results in the university's entrance examinations. The question paper for the exam measures the aptitude and logical reasoning of the applicants. In general, most of the entrance exams are conducted in the month of April. The common procedure of the entrance is:

  • Pre-screening of applicants on the basis of an academic profile (20 percent ),
  • CAT/GMAT/XAT/CMAT/MAT/ATMA or NSE Online Test (50%)
  • Personal Interview (30%).

PG in Management Finance: Entrance Exams

Here is a list of the entrance tests carried out for admission to the course:

Exam Name Exam Details
CAT Check Here
MAT  Check Here
SNAP Check Here
IIFT Check Here
IBSAT Check Here
CMAT Check Here
MAH CET Check Here
NMAT Check Here
ATMA Check Here
XAT Check Here
TISSNET Check Here
TANCET Check Here
Top Colleges

PG in Management Finance: Top Colleges 

NIRF 2020 Rank Name of Institute Full Course Fee College Type
35 Faculty of Management Studies – [FMS], Delhi INR 1.92 lakh Public
2 Indian Institution of Management Bangalore – [IIMB], Bangalore INR 1.0 lakh Public
37 Institute of Management Technology – [IMT], Ghaziabad INR 19 lakh Private
68 Prin. L.N. Welingkar Institute of Management Development & Research, Mumbai INR 11.04 lakhs Private
43 Symbiosis Center of Distance Learning - Pune INR 20 lakhs Private
24 Narsee Monjee Institute of Management Studies – [NMIMS], Banglore INR 20 lakhs Private
73 National Institute of Construction Management and Research - [NICMAR] INR 1.0 lakh Public
What is it about?

Post Graduate Program in Management Finance: What is it about? 

PGP in Management (Finance) is a 2-year distance learning curriculum that provides a comprehensive understanding of finance, auditing, accounting, and capital management principles.

  • This course is structured to take account of the ever-changing needs of professionals pursuing a career in finance and offers an outstanding forum for those seeking to encourage their development with banking and financial institutions, financial consultancies, corporate finance organizations, etc.
  • It is suitable for students who want to change jobs and pursue new career paths by equipping them with the required management skills, helping to open doors for consulting banking, finance, etc. professions.
  • This program is offered via the distance learning module including weekend lectures and online lectures by industry- experts.

Moreover, the course also explores:

  • Basic financial accounting principles and their practical implementation.
  • Financial analysis, cost accounting, accounting for management and its effect on general decision-making.
  • The position of and regulations of financial institutions.
  • Financial plans, measurement of risk, and investment of money.
Why Study

Why Study PG in Management Finance?

  • Finance is the lifeblood of every company and includes vital areas such as working capital management, international finance, and mergers & acquisition, among others, with the PGP in Management (Finance) module.
  • The course discusses advanced concepts involved in the study of cost centers, an organization's expenditures, efficient balance sheets, aspects of cost minimization and benefit maximization.
  • PG in Management focuses on the interested applicants in pursuing a career in an organization's financial services, in the banking and financial sectors, such as insurance and mutual funds etc. It primarily targets the students seeking distance learning.

PG in Management Finance: Course Advantages

  • India's main financial sector is the banking sector, with commercial banks contributing to more than 60% of the total assets held by India's financial system.
  • In the course, all technological skills are taught using examples, practical exercises, and projects from the business world, with an emphasis on applying technology to business.
  • Recruiters are looking for different sets of skills with the growing application of technology in banking services that will help them scale up their business and keep costs down. Apart from unique functional competencies, banking practitioners are required to possess these abilities.
Syllabus

PG in Management Finance: Syllabus

The semester wise syllabus followed by most universities and colleges is listed below in the table.

Semester I Semester II
Principles of Management Strategic management
Financial Accounting Cost Accounting
Fundamentals of Communication & Interview Preparation The Integrative Manager
Human Resource Management Innovation Management
Marketing Management Mastering the Interview & Networking Skills
Managerial Economics Project work
Semester III Semester IV
Financial Management – I Project Finance
Financial Management – II Mergers and Acquisitions
Advanced Direct Tax & Service Tax Retail Banking
Investment Management - I International Finance
Investment Management – II Project
Project - ISR -
Job Prospects

PG in Management Finance: Job Prospects

Famous companies such as ICICI Bank, Kotak, Birla Sun Life, L&T Mutual Fund, Canara Bank, SBI Mutual Fund, Aditya Birla Finance, Bank of India, LIC, PNB, Reliance Life Insurance, and others are among the top recruiters for this discipline. Some career opportunities for candidates to choose from are listed below in Table:

Job Profile Average Salary per annum
Project Manager INR 1 to 2 lakhs
Investment Bankers INR 7 to 8 lakhs
Manager- Capital Markets INR 11 to 12 lakhs
Business Analyst INR 7 to 8 lakhs
Accounting Technicians INR 1 to 2 lakhs
Manager –Risk and Regulation INR 9 to 10 lakhs
Portfolio Managers INR 1 to 2 lakhs
Investment Advisors INR 3 to 4 lakhs
Future Scope

PG in Management Finance: Future Scope 

  • In the financial markets in the US, Singapore, and India, the programme provides various career opportunities.
  • As per a study conducted for Gujarat International Finance Tec-City, Govt., by McKinsey & Co. The financial sector of the Gujarat region is poised to generate 1,00,00,000 plus jobs by 2021.
  • Some of the common sectors which recruit good postgraduates are: Public sector banks, Private sector banks, Foreign banks, Financial Institutional Investors (FII), Cooperative Urban Banks, Outsource of Information Method (KPO's), Outsource of Business Process (BPO's), Institutions for term-lending, Corporations for Public Finance, Institutions for Refinance, Firms of Non-Bank Finance, Index product creation, Business Development
FAQs

PG in Management Finance: FAQs 

Ques: What is the eligibility for a Post Graduate Program in Management (Finance)?

Ans: The eligibility for a PG in Management is the possession of graduation degree in any discipline, from a recognized University or college

Ques: What is the duration of the Post Graduate Program in Management (Finance)?

Ans: The duration of the Post Graduate Program in Management (Finance) is two years.

Ques: What is the salary Offered from Post Graduate Program in Management (Finance)?

Ans: An annual salary of INR 8 to 10 lakhs per annum.

Ques: Can I get a loan to finance my programme fees?

Ans: Students can avail themselves of financial assistance from several of the prominent banks.

Ques: After Pursuing Post Graduate Program in Management (Finance), will an applicant work in both government and private industry?

Ans: Yes, in both, an applicant who has completed a Post Graduate Program in Management (Finance) can work both in the government and the private sector.

Ques: My academic background is not finance-related. Can I still apply?

Ans: Yes, candidates who satisfy the minimum eligibility criteria can apply. There is an academic suitability score as a component of stage 2 of the selection process but it is not an eligibility criterion for applying for the PG program in Finance course.

Ques: What are the types of jobs that will be available to the Post Graduate Program in Management - Finance students?

Ans: This programme is suitable for young professionals who want to improve their careers in the banking and financial services industries, as well as for recent graduates who want to boost their careers in finance. Students will be placed as financial analysts, financial engineers, traders, and other roles in risk management, Financial Engineering, Fraud detection, and Forensic Accounting.

Post Graduate Program in Management (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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