Kanhaiya Kumar
Table of Contents
PGDM in Banking and Financial Services- Introduction
PGDM in Banking and Financial Services or Post-Graduate Diploma in Banking and Financial Services- Are you looking forward to having another certificate after the post-graduation to be added to your higher education qualification? A post-graduate diploma really adds up to your career potential throughout the industry. Well if that’s the case, then you are at the right place. We at FormFees provide every detail of every educational course you might be interested in. From the admission process, exam dates, top colleges, potential recruiters, etc, you shall find all in one place especially assembled for your convenience.
We shall be obliged to be an aid in your higher education journey. Now let’s get you started.
What is PGDM in Banking and Financial Services? PGDM in Banking and Financial Services is a post-graduate diploma course i.e it is to be taken after completion of your post-graduation. There are undergraduate diploma courses as well, which must not be confused with the former. PGDM in Banking and Financial Services is a two-year diploma course and it is usually taken by industry professionals who have had some time working in the industry and now want to pursue a higher education diploma. A diploma like PGDM in Banking and Financial Services does give you leverage in a competitive industry for promotions and better job titles.
There are various colleges and institutes which provide PGDM in Banking and Financial Services and their curriculum is designed in such a way that they provide you with more industry-related practical knowledge than just theoretical academics. This is one of the reasons a PGDM in Banking and Financial Services is popular among aspiring candidates. Some of the colleges providing PGDM in Banking and Financial Services are given below, they are more thoroughly discussed in the article ahead under the section of Top Colleges and Fees.
- K J Somaiya Institute of Management
- VVISM
- Savitribai Phule Pune University
- Manipal University
- Institute of Banking and Finance
- Marathwada Mitra Mandal College of Commerce, etc
PGDM in Banking and Financial Services is a two-year postgraduate diploma program. Candidates seeking admission to PGDM in Banking and Financial Services are required to have a bachelor’s degree in any relevant discipline from a recognized university. Admission to PGDM in Banking and Financial Services are based on the entrance examination and some institutes also conduct the personal interview as well. The average fee of PGDM in Banking and Financial Services is around Rs. 5000- Rs 90,000.
Their future scope in PGDM in Banking and Financial Services is immense, especially in financial organizations, government organizations, Banks, also in educational institutes as professors and lecturers of banking and finance, etc A diploma in banking and finance can help raise a professional educational stature, also market value in the pursuit of an ambitious career. There are various job profiles that a PGDM in Banking and Financial Services professional holds after going into the industry such as Banking Manager, Marketing advisor, Financial Manager, Financial Advisor, etc. The salary ranges for these professionals range from Rs. 3,50,000 to Rs 8,00,000.
What is the PGDM in Banking and Financial Services benefits? The benefits of pursuing a career in PGDM in Banking and Financial Services are immense and endless. But why should one pursue a career in banking and financial service is a noteworthy question as well. There are some of the key points which denote why banking and finance is a great career option out there and the benefits of a PGDM in Banking and Financial Services as well. Some of these points are given below:
| Career Potential | There are multiple career opportunities and the scope for an ambitious career is immense. A candidate pursuing PGDM in Banking and Financial Services shall have endless opportunities in terms of career options be it becoming a Financial Planner, Portfolio Manager, Financial Manage, or working in a Private or Foreign Bank. |
| Adequate Pay | Banking is one of the high-scale paying jobs. Many young aspirants prefer banking over any other career option due to this fact. The average salary of a PGDM in Banking and Financial Services range from ₹ 1.8 Lakhs to ₹ 8 Lakhs with an average annual salary of ₹ 3.6 Lakhs. Hence a PGDM in Banking and Financial Services might be the best course for you. |
| Flourishing Industry | Banking is without a doubt the ever flourishing industry. It is the backbone of the economy and all kinds of economic activities. Finance is an essential part of an organization or even an individual person, as it provides essential liquidity required for sustained growth and development. A PGDM in Banking and Financial Services shall definitely provide you with a career of thriving opportunities. |
Which skills are required in PGDM in Banking and Financial Services? Soft skills such as communication, analyzing, and decision-making is often overlooked when we think of most career options. But for management-related career options, these skills top the chart. Management professional is expected to have some key soft skills in use while dispensing their duties at respective organizations. A PGDM in Banking and Financial Services candidate is also expected to have certain skills which students are expected to develop during their course tenure or in early industry experiences. Some of the essential skills required for the PGDM in Banking and Financial Services are sorted below: –
| Time Management | Management professionals are de facto expected to be good with time management. Time is money in a business organization. Hence its proper utilization is the top expectation from the management. Time management is another important which candidates must develop and improvise in their career in PGDM in Banking and Financial Services. |
| Analytical | It is an essential skill required in all management-related professions. A candidate for PGDM in Banking and Financial Services is expected to solve and reason with issues based on intelligent and informative logic. Logical reasoning helps a professional foresee issues and solve them beforehand. |
| Problem-Solving | Well, this is what management professionals are for. They are expected to come up with creative and sustainable solutions to handle the ongoing crisis. Hence this shall be the another a candidate pursuing PGDM in Banking and Financial Services should look out for. |
| Mathematical Proficiency | Mathematics is inalienable with finance. Usually, individuals with good maths skills are the ones to choose the career path of finance. Proficiency in mathematics shall be a day-to-day requirement in PGDM in Banking and Financial Services, so students are expected to horn their maths skills |
PGDM in Banking and Financial Services Admission Process
The admission process for PGDM in Banking and Financial Services varies usually depending upon the different institutions offering the course. But mostly the admissions are entrance based only, which requires the national-level exam to be attempted and cleared. The modes of admissions are as follows:
- The candidates are first selected based on their performance in the entrance exam and are short-listed next round of selection.
- The short-listed candidates are then expected to appear for an interview to get admitted into the course.
PGDM in Banking and Financial Services – Admissions 2023
- To get admitted to PGDM in Banking and Financial Services course performance in the entrance exam and personal interview, merit in the bachelor’s degree examination is taken into consideration.
- The admission period for PGDM in Banking and Financial Services commonly starts by the month of June, and up until August/September.
What are the eligibility criteria for pursuing PGDM in Banking and Financial Services? The candidates planning is advised to pursue PGDM in Banking and Financial Services must carefully look for the eligibility criteria for the course. The eligibility criteria for PGDM in Banking and Financial Services are as follows:
- It is essential for aspiring candidates to have a UG degree in any stream of study like BA, BSc, BBA, B.Com, BCA, BE, etc.
- The candidates in their final year of degree can also apply for the exam.
- The candidates are expected to qualify for the entrance exam in order to get short-listed for the second round.
- Having work experiences and internships always adds to the advantages of the short-listed candidates.
Which entrance exams can be given for getting admission to PGDM in Banking and Financial Services? It is imperative for the students to remember the important dates regarding the examination such as registration and examination dates, as often miss them when under study stress. The important dates regarding PGDM in Banking and Financial Services course are provided below.
| Name of the Examination | Date of Registration | Date of Examination |
|---|---|---|
| CAT | August 3 – September 21, 2022 | November 27, 2022 |
| MAT (February Session) December 27 – February 14 | 2023 (PBT Mode) | |
| December 27 – February 21 | 2023 (CBT Mode) | |
| December 27 – February 27 | 2023 (CBT Mode) February 19 | 2023 (PBT Mode) |
| February 26 | 2023 (CBT Mode) | |
| March 04 | 2023 (CBT Mode) |
PGDM in Banking and Financial Services Syllabus
Provided below is the syllabus for PGDM in Banking and Financial Services in the table. The following syllabus for PGDM in Banking and Financial Services has been taken from the official website of the Asia-Pacific Institute of Management.
| Term-I | Term-II |
|---|---|
| Business Economics | Corporate Finance |
| Accounting for Bankers (DBF – II) | Banking Needs Assessment Survey |
| Principles and practices of Banking (DBF – I | Legal & Regulatory Aspects of Banking (DBF III) |
| Excelling with Excel – I | ET Finpro – I |
| Business Communication I | Excelling with Excel – II |
| Business communication II | |
| PEARL-I Personal effectiveness and relationship leadership | |
| Finacle – I |
| Term-III | Term-IV |
|---|---|
| ET FINPRO – II | Derivatives & Risk Management |
| Customer Relationship Management | Technology in Banking Management |
| PEARL-II Personal effectiveness and relationship leadership | Immersion Program – Branch Banking |
| Finacle – II | Forex Management in Banks |
| Indian Financial System & Financial Markets | Credit & Risk Management in Banks |
| Immersion Program – Rural Banking | PEARL – III |
| Security analysis and Portfolio Management | Financial Planning & Wealth Management |
| Business Research Methods | Corporate Banking |
| Sales Management |
PGDM in Banking and Financial Services Top Colleges and Fees
The top colleges that provide the course of PGDM Banking and Finance have been listed below:
| Institute Name | Location | Average Fee |
|---|---|---|
| Symbiosis School of Banking and Finance | Pune | INR 50,000 |
| AIMIT | Mangalore | INR 2,60,000 |
| Symbiosis Centre for Distance Learning | Pune | INR 30,000 |
| Dr. B.R. Ambedkar Open University | Hyderabad | INR 32,000 |
| NMIMS University | Mumbai | INR 41,500 |
| Marathwada Mitra Mandal College of Commerce | Pune | INR 10,500 |
| Institute of Banking and Finance | Delhi | INR 2,25,000 |
| Manipal University | Manipal | INR 4 lacs (approx.) |
| VVISM | Hyderabad | INR 3,70,000 |
| Savitribai Phule Pune University | Pune | INR 5,850 |
| K J Somaiya Institute of Management | Mumbai | INR 8,98,000 |
| Integral Institute of Advanced Management | Visakhapatnam | INR 1,60,000 |
| ISBM | Bangalore | INR 4,45,000 |
PGDM in Banking and Financial Services Distance Learning
PGDM in Banking and Financial Services Distance learning is one of the most search aspects by the aspiring candidates. Aspiring candidates of PGDM in Banking and Financial Services are commonly working professionals in the industry. Many candidates after gaining substantial working experience often look for upgrading their education qualifications to advance their careers. Hence a PGDM in Banking and Financial Services distance learning option is approved even by AICTE, Government of India.
Among the best PGDM in Banking and Financial Services: a distance learning course is available at Symbiosis Centre for Distance Learning. This is one of the institutes which provides an efficient distance-learning program for students in distance learning.
Below is important information regarding the eligibility and duration of the Symbiosis Centre for distance learning.
| Duration | The duration of the program is one year. |
| The registration period is valid for two academic years. | |
| Eligibility | Bachelor’s degree holder / Graduate in any discipline from a recognized University. |
| International / SAARC Graduate from a recognized/accredited University / Institution. | |
| Students who have appeared for the final year of the examination of their bachelor’s degree program and are awaiting results can also apply, subject to successfully completing their bachelor’s degree program/graduation within the time period specified by SCDL. |
The program structure for Symbiosis Centre for Distance Learning is provided below:
| Semester I | Semester II |
|---|---|
| Management Accounting | Banking Regulations and Laws |
| Principles and Practices of Management | Management Information Systems and Technology in Banking |
| Marketing of Banking Services | Financial Management |
| Indian Banking and Financial System | Financial Institutions and Market |
| Managerial Economics | Global Banking and Finance |
| Semester III | Semester IV |
|---|---|
| Management of Bank | Micro Financing |
| Accounting Systems and Financial Analysis | Rural and Cooperative Banking |
| Capital Market | Risk Management |
| Bank Lending Policies and Procedures | Macro Economics |
| Security Analysis and Portfolio Management | Research Methodology and Statistical Quantitative Methods and Project |
PGDM in Banking and Financial Services Scope
The consistently growing scope in economic firms globally, a PGDM in Banking and Financial Services are highly sought after. A PGDM in Banking and Financial Services candidate can work as a Financial Manager, Financial Analyst, Corporate Controller, Accounting Manager, Cash Manager, Management Consultant, Investment Banker, and Credit Manager and Specialist.
Higher Education Scope-
Candidates also look for available higher education options after, a PGDM in Banking and Financial Services. Some of them are:
Ph.D. in Banking and Finance– Ph.D. in Banking and Finance is a three years research-level program. It deals with the knowledge of finance and economics. Researchers are expected to analyze the both micro and macro aspects of financing and banking. The eligibility criterion for a Ph.D. course is a Master’s degree or equivalent relevant to the stream from a recognized university. A PGDM in Banking and Financial Services after post-graduate shall add to the value of the academic and theoretical knowledge of the candidate.
PGDM in Banking and Financial Services Jobs opportunities and Salary
Bank Manager
The bank manager has many responsibilities such as directing all operational aspects of a banking organization including distribution, customer service, human resources, administration, and sales in accordance with the bank’s objectives. Developing forecasts, financial objectives, and business plans for the bank.
| Responsibilities |
|---|
| Reporting to head office |
| Meeting and interacting with customers and resolving any problems or complaints. |
| Monitoring goal-oriented sales targets |
| Promoting and marketing the bank branch and its products. |
| Ensuring there’s a maintained high level of customer service |
Average Salary – ₹ 0.5 Lakhs to ₹ 15.0 Lakhs with an average annual salary of ₹ 7.0 Lakhs is the average salary of a Bank Manager in India.
Accountants
They help businesses make critical financial decisions by collecting, tracking, and correcting the company’s finances. They are also responsible for reconciling bank statements, financial audits, and ensuring financial records are accurate throughout the year.
| Responsibilities |
|---|
| Accounts receivable |
| Accounts payable |
| Payroll |
| Finance controls. |
| Financial reporting. |
Account Manager
Their responsibilities include, connecting with key businesses developing strong relationships with customers, executives, and stakeholders, and preparing sales reports. Account Managers are expected to respond to client queries and identify new business opportunities among existing customers
Average Salary – ₹ 2.4 Lakhs to ₹ 15.0 Lakhs with an average annual salary of ₹ 5.5 Lakhs is the average salary of an Account Manager.
Finance Lecturer
Teach and administer all the aspects related to Finance, including Financial Markets, Financial Econometrics, Risk Management, Quantitative Finance, Financial Management, and/or Corporate Governance.
| Responsibilities |
|---|
| Study student activities and their performance. |
| Provide feedback to students |
| Create learning objectives and goals |
| Prepare weekly and monthly class notes for the students |
| Develop assignments and lesson plans for the students |
| Build and maintain a safe learning environment |
Average Salary – ₹ 3.6 Lakhs to ₹ 94.0 Lakhs with an average annual salary of ₹ 11.0 Lakhs is the average salary of a Finance Lecturer in India.
Finance Manager
They generally look after the financial health of an organization and help ensure it’s in good shape. They are expected to supervise important functions, such as monitoring cash flow, determining profitability, managing expenses, and producing accurate financial information
| Responsibilities |
|---|
| Supervise employees who carry out financial reporting and budgeting |
| Monitor and analyze financial details to ensure that legal requirements are met. |
| Review financial reports and seek ways to reduce costs |
| Prepare financial statements, business activity reports, and forecasts. |
Average Salary – ₹ 3.2 Lakhs to ₹ 30.0 Lakhs with an average annual salary of ₹ 12.5 Lakhs is the average salary of a Finance Manager in India.
PGDM in Banking and Financial Services Recruiters
Various top national and international banks and financial and non-financial firms are one of the top recruiters for candidates pursuing PGDM in Banking and Financial Services These giant firms look for professionals who can contribute best to manage their finances and give them the best outcome. Some of the top recruiters for PGDM in Banking and Financial Services are provided below.
- Abbott
- Bank of America
- CBRE
- KPMG
- ICICI BANK
- Yes Bank
- Union Bank
- Airtel Accenture
- Tata Capital
- Bajaj Capital
- Kotak Mahindra
- MTR TIME Kotak Mahindra
- Bajaj Finserv
- Deloitte
- JP Morgan
PGDM in Banking and Financial Services Course Comparison
Students often seem to be curious among the difference between a PGD in Banking and PGDM Banking and Finance, hence a comparison table of the both is provided below.
| Categories | PGD Banking | PGDM Banking and Finance |
|---|---|---|
| Course Summary | This is a postgraduate level diploma course for candidates who would like to acquire knowledge about the basic fundamentals of banking and also expand their ambitious career prospects in the banking sector. | It is a diploma course of one year. The course is designed to meet the demands of the industry for high-performing financial professionals |
| Course Fee | INR 5,000 – 1 lacs | INR 5,000 – 4 lacs |
| Job Titles | Lecturer, Marketing Manager, Financial Advisor, Banking Manager, etc. | Bank Manager, Accountant, Lecturer, and much more. |
| Top Recruiters | Government organizations Reserve Bank of India, Institute of Finance Banking and Insurance Government organizations, etc. | Universities, Banks Government Organization, Colleges, etc. |
Frequently Asked Questions on PGDM in Banking and Financial Services
Q. What is a PG diploma in banking and finance?
Ans. A PG diploma in banking and finance provides candidates the knowledge of operational aspects of banking and finance, and also builds on their managerial and technical skills for a successful career in the banking industry.
Q. What is MBA in banking and finance?
Ans. A MBA in banking and finance is a two-year postgraduate program that caters to the demand of the industry for professionally trained banking and finance candidates.
Q. What is the PGDM in banking and finance fees?
Ans. The PGDM Banking and Finance average course fee ranges between INR 5,000 – 4 lacs. Students of this program are eligible to work in the Reserve Bank of India, Government organizations, Finance institutes, Banking and Insurance, etc.
Q. What are Banking and Financial Services?
Ans. Banking and financial Services are related financial Services of a Banking Organization which include credit cards, cash management services, lines of credit, checking and savings accounts, health savings accounts, money market accounts, loans, investments, but are not limited to these only.
Q. What is PGDM in finance?
Ans. PGDM in Finance is a one to two years diploma level course for aspiring finance candidates. The course is comprises itself the development of financial management skills among the candidates.
Q. What is the scope of PGDM in banking and finance?
Ans. The scope of PGDM in banking and finance is immense, one can become Accountant, Financial Planner, Portfolio Manager, Financial Manager, Private and Foreign Banks, Treasurer, Controller, Financial Agents, and Financial Analyst.
Q. What is banking and finance management?
Ans. The banking and finance management include the process of managing the financial resources, including accounting, financial reporting, budgeting, collecting receivables, risk management, and insurance for a bank.
Q. What is MBA in banking?
Ans. MBA Banking in banking is a two-year course at a postgraduate level. The primary objective is to focus on providing necessary managerial skills to aspiring management students.
