Why You Should Select a Career in PGDM in Finance?

  • By Sanjay
  • 11 July 2022
Why You Should Select a Career in PGDM in Finance?

Why You Should Select a Career in PGDM in Finance

A Post-graduate Diploma in Finance is a 2-year full-time diploma program that caters to aspiring students who want accelerated career progress in the financial sectors of the industry. Aspirants of this diploma course are trained to acquire critical quantitative abilities, trade and commerce knowledge, finance management skill, to name a few. This course also helps them build strong analytical, accounting and real-time, problem-solving skills. 

Students trained in the course are taught to understand business challenges and recognise how the finance discipline interacts with other disciplines. There are also provided expertise and guidance in solving such real-world financial problems in the industry. PGDM in finance is a course designed for qualified candidates to master their knowledge of financial management in areas such as working capital management, mergers and acquisitions, international trade and finance, risk and financial analytics, among others.

Why should you choose to do a PGDM in Finance?

Finance is integral to the functioning of any business or organisation. The broad field of finance includes more than just accounting and taxation. The following are a list of reasons you should get a Post graduate Diploma in management:

  • After finishing a PGDM in finance, those in the career are thoroughly equipped with knowledge and skills in finance and are prepared to take up the responsibilities of a financial manager or investment banker. These positions are highly coveted in this career line, as are many others discussed in the following points.
  • PGDM courses train participants and endows them with specialised knowledge in analysing cost centres and profitability, organisational behaviour and expenses, creating effective balance sheets and maintaining major corporate accounts. 
  • Areas of specialisation in finance include- financial services, merchant banking, stock trading and investments, capital market and derivatives, corporate finance and valuation mapping, corporate governance, asset pricing, and risk management, to name a few. This helps you explore various other career opportunities as well. 
  • The PGDM course is also one of the best-suited courses for people already serving in the financial sectors of the industry, especially for those who are seeking an upgrade or promotion in their fields of work.
  • A PGDM in Finance is usually less expensive than a Master's degree in Business Administration. It is, therefore, cost-effective for more aspirants in the finance management industry.
  • One gets the opportunity to broaden their outlook and abilities with experiential and hands-on knowledge in the areas of financial management and the finance industry in general. There is also adequate industrial exposure during this course. 

Thus, a PGDM program in Finance is ideal for newcomers as well as mid-level managers seeking specialisation courses to facilitate them to work better in banking and financial services. A few of such services include the Stock Market, BFSI industry, and Fintech, among others. Career after PGDM completion is benefitted by improving students’ ability to respond to critical situations in all the aforementioned financial arenas.

Career Prospects after PGDM

There are a plethora of jobs on offer for those who are seeking career opportunities after PGDM. Some of them have been described in the table below.

Job Profile

Job Description

Average Salary (in rupees lakh per annum)

Equity Analyst

Analysing financial data and making changes as required; reviewing stocks and bonds and writing equity research reports. The range of responsibilities depends on the company and the role of the individual.

INR 4-12 LPA

Financial Advisor

Advising and assisting clients in determining long-term and short-term financial goals. For instance, purchasing real estate such as houses and offices, paying for CSR or training, taxation structures, and so forth. The role also involves advising clients on investments, insurance, taxes, etc.

INR 8-16 LPA

Financial Planner

Assisting and advising clients regarding long-term and short-term financial goals such as purchasing property, paying for children's education, and so forth, much like a financial advisor. A financial planner also advises clients on investments, insurance, taxes, and so on.

INR 3-7 LPA

Investment Banker

Investment bankers have a unique role in the market today. These responsibilities include tracking new stock issues, mergers and acquisitions, and acting as giving financial advice to high-profile clients and businesses actively investing in company equity or the stock markets.

INR 10-20 LPA

Financial Manager 

A financial manager is primarily responsible for an organisation's financial health. Responsibilities include producing financial reports for the organisation and managing day-to-day expenditures and profits. Their actions have a direct impact on an organisation's progress and status.

INR 8-30 LPA

Banker

Bankers assist clients in making money in capital markets, or through bank schemes by actively supervising their transactions. A banker’s job is closely aligned to that of an advisor as they might frequently have to play both roles but at a lower value. 

INR 3-10 LPA

Financial Analyst

A financial analyst predicts revenue and expenditure, researches and reports on financial information and monitors movements within the market. Through analysis, the job involves making recommendations on financial models for an organisation.

INR 4-6 LPA

Risk Analyst

A risk analyst in finance typically formalises the process of risk management within a company. Once the risk analyst has gathered and compiled enough data, they share their findings with managers who use those insights to decide on feasible solutions.

INR 6-12 LPA

Conclusion

Summarising all major information, career opportunities after PGDM include a wide range of jobs, listed as follows - asset management, retail banking, financial advisory work, taxation management, corporate finance, investment banking, risk management, equity, job as a business analyst, etc. Besides there are several employment opportunities abound in metro cities in India such as Delhi, Mumbai, Bangalore, and Hyderabad. There are also plenty of job opportunities available abroad. 

In conclusion, career opportunities after PGDM are ample and very rewarding in financial terms. The scope of pursuing this program opens up multiple avenues for those who are seeking high-profile jobs in the finance sector and beyond. Today almost all types of businesses in every sector require a versatile finance expert. It is a highly sought-after stream today and hence also one of the competitive specialisations to take up. Visit the Sunstone website for more information on such PGDM courses and their career prospects. 

About Sunstone

Sunstone is a leading higher education services provider that works with academic institutions in upskilling students for employability. Sunstone offers career-oriented training interventions for undergraduate and postgraduate students at 40+ institutions across 30+ cities.

Sunstone’s training programs are industry-endorsed to enhance employability. These programs are designed for hybrid delivery with an unparalleled focus on soft skills and personality development. Sunstone’s focus is to provide students with a holistic educational experience.

Frequently Asked Questions:

Is PGDM better than an MBA degree?

While MBA and PGDM are both very popular choices as management programmes, the primary distinction between the two is that MBA focuses on theoretical skills, and PGDM is more industry-oriented. The expense for a PGDM course is higher, but an MBA and PGDM are mostly at par with each other in the industry.

What is the average salary of a PGDM graduate?

In India, the average salary after finishing a PGDM in Finance depends on the role of the job, the skills of the employee and the pay scale offered by the recruiting company. While the top-end jobs can earn you over 20 lakhs per annum, some entry-level finance jobs may pay only around 3 lakhs per annum.

Is PGDM in Finance a good option?

A PGDM in Finance is a great option as it equips aspirants with extensive critical, practical, and analytical knowledge about all domains of the finance industry. It trains eligible students to become experts in the field of finance and provides them with high-end jobs in the industry.

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