PGDM in Banking and Finance: Top Colleges, Eligibility and Career Paths

The banking sector employs over 7 lakh people, but with a significant number of professionals retiring each year, a gap is created that banks are actively working to fill. A PGDM in Banking and Finance is an excellent option for those interested in building a career by providing essential skills and knowledge for various banking and finance roles.

This guide covers everything you need about the PGDM in Banking and Finance, including eligibility, entrance exams, admission, colleges, and jobs.

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PGDM in Banking and Finance: Highlights

Here are the essential details of the PGDM in Banking and Finance program that provide in-depth knowledge for various banking and finance roles.

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What is PGDM in Banking and Finance?

A Post-Graduate Diploma in Management (PGDM) in Banking and Finance is a professional program that prepares students for various roles in the banking and financial sector. It provides a deep understanding of the industry while equipping them with the skills needed to succeed in managerial, analytical, advisory, or regulatory positions.

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Why Study PGDM in Banking and Finance?

Key learning areas in a PGDM in Banking and Finance include:‍

1. Understand Operations of Banking and Finance:

Students will learn the fundamental operations of banking institutions, financial services, and markets. This includes how banks manage money, offer loans, handle deposits, and provide financial products and services.

2. Contemporary Banking Practices:

The program covers current trends in the banking industry, such as microfinance (providing small loans to people in underserved areas), and how global financial systems and practices impact local markets.

3. Exploring Finance Areas:

Students learn about the latest topics, such as fintech, financial modelling, financial analytics, risk management, and derivatives.‍

4. Practical Experience:

Case studies, simulations, team activities, workshops, guest lectures, and industry visits provide hands-on learning.

5. Industry Internships:

Through internships or projects, students will have the chance to work with real banking and finance companies. This will allow them to apply what they have learned professionally. 

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Who Can Apply for PGDM in Banking and Finance?

The PGDM in Banking and Finance is ideal for individuals who want to build a successful career in the banking and finance industry. Here are the fundamental groups of people who can apply:

1. Aspiring Professionals: 

Ideal for individuals who are looking to pursue a career in the banking or finance sector.

2. Experienced Professionals: 

Those already working in junior roles within private or public banks or other financial institutions want to enhance their expertise and career prospects.

3. Financial Executives and Experts: 

Professionals, experts, and business people who aim to improve the profitability and efficiency of routine banking operations can apply.

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Candidates interested in finance can explore PGDM in Finance courses and top colleges, fees, syllabus, and careers in 2024.

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PGDM in Banking and Finance: Eligibility Criteria

Here are the eligibility criteria that candidates must meet before applying for the PGDM in Banking and Finance program:

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PGDM in Banking and Finance: Entrance Exams

To pursue a PGDM in Banking and Finance, several entrance exams provide pathways to top institutions. Here is the list of entrance exams and their dates:

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PGDM in Banking and Finance: Admission Process

The admission process for PGDM in Banking and Finance is similar to other management programs, with specific steps and requirements outlined below:

1. Entrance Exam Requirement

Admission is based on national-level entrance exams, such as TKW's BAT, CAT, and MAT.

2. Personal Interview and Group Discussion

Candidates who pass the entrance exams proceed to rounds of personal interviews and group discussions.

3. Application Mode

Candidates can submit their applications either online or offline.

4. Admission Cycle

The admission process typically begins in September.

5. Document Submission

After successful registration, candidates may be asked to visit the college to personally submit the required documents.

6. Cut-Off Marks

Colleges set cut-off scores for the entrance exams, and only candidates who meet these scores are eligible for admission.

7. Final Admission Offer

Candidates who meet the cut-off and perform well in subsequent rounds will get admission.

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Top Colleges for PGDM in Banking and Finance

Here’s a list of top colleges in India offering PG Diploma in Banking and Finance, along with their locations and average course fees:

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Colleges Offering 1 Year PG Diploma in Banking and Finance

Candidates applying for the Post Graduate Diploma in Banking and Finance must have a bachelor's degree, and in some colleges, the age limit is set at 26 years. 

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For those looking for a Diploma in Banking and Finance, here are some colleges offering a 1-year PG Diploma in this field:

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Post Graduate Diploma in Banking and Finance Specialisations

Here are some specialisations for postgraduate diplomas in Banking and Finance that provide students with the skills needed to excel in the financial industry.

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You can also explore PGDM subjects and specialisations in India to find the perfect path for career advancement.

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PGDM in Banking and Finance: Syllabus

The PGDM in Banking and Finance syllabus covers essential topics to build a strong understanding of finance and banking. Here is the syllabus you will study each semester:

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Scope of PGDM in Banking and Finance

A PGDM in Banking and Finance provides students with the skills and knowledge needed for various jobs in the banking and finance sector. As the demand for skilled professionals grows, many career opportunities are available.

Graduates can work as bank managers, financial managers, accountants, or financial analysts. The increasing need for qualified professionals in this field makes it a great career choice.

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PGDM in Banking and Finance: Jobs and Salary

Below is a list of potential jobs and their associated salaries after completing a PGDM in Banking and Finance:

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Books for PGDM in Banking and Finance 

Here are some recommended books to enhance your learning in the PGDM in Banking and Finance course:

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The PGDM in Banking and Finance offers excellent career opportunities in various financial roles, from wealth management to credit operations. It prepares graduates to meet the demands of an evolving financial industry, making it a valuable investment for aspiring professionals.

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FAQs

What is PG in Banking?

PG in Banking refers to a Performance Guarantee (PG), a bank guarantee provided by a successful bidder to ensure the timely and proper performance of their duties according to the terms in the Request for Proposal (RFP) document.

What is the scope of PGDM in Banking and Finance?

A PGDM in Banking and Finance opens doors to various roles in the financial sector, including asset management, retail banking, financial advisory, taxation, corporate finance, investment banking, risk management, equity analysis, and business analysis.

What is the average salary of a Diploma in Banking and Finance?

The salary for those with a diploma in banking and finance can vary depending on experience and role. Entry-level salaries typically range from ₹3 LPA to ₹6 LPA, with the potential for higher earnings as you gain experience and take on more responsibilities.

Which PG course is best for banking?

Several postgraduate courses are excellent for a career in banking:

• Post Graduate Certification in Banking, Financial Services, and Insurance (BFSI)
• MBA in Banking and Finance
• MCom in Banking and Finance

Can I get a bank job after PGDM?

Yes, a PGDM in Banking and Finance can lead to various banking roles, such as bank specialist, executive manager, relationship manager, and bank sales officer.

Who is eligible for a PG Diploma in Banking and Finance?

To be eligible for a PG Diploma in Banking and Finance, candidates must have a bachelor's degree in a related field and be under age 26.

Is a PGDM better than an MBA?

PGDM courses are industry-oriented, focusing more on practical skills, mentorship, and real-world exposure, unlike an MBA, which tends to be more theoretical. PGDM programs often offer more rigorous placement services and better industry connections, making them a great choice for high-salary job prospects.

What is a PG Diploma in HDFC Bank?

The PG Diploma in Customer Experience Management at HDFC Bank is a specialised program. To be eligible, applicants need at least a 50% graduation score. The course fee is INR 2,20,000.

What is the salary after ICICI's Post Graduate Diploma in Banking and Finance?

Graduates of ICICI's Post Graduate Diploma in Banking and Finance can expect a starting salary of INR 12 LPA, with an additional INR 2 lakhs after completing the first year of service.

What is the benefit of PGDM in Finance?

A PGDM in Finance equips students with the necessary knowledge and skills for the banking and finance sector. It provides practical experience and opportunities to network with industry professionals, boosting career prospects.

Why are PGDM fees high?

PGDM programs often come with higher fees due to their high return on investment (ROI). These industry-specific programs prepare students for well-paying jobs, allowing them to recover the fees quickly.

Who earns more: CA or Investment Banker?

Investment bankers generally earn higher salaries than Chartered Accountants (CAs), particularly at senior levels such as Managing Director or Partner. Their compensation often includes performance-based bonuses, equity stakes, and substantial salaries.

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