Postgraduate Diploma in Banking & Finance - Careers, Salary, Jobs, Scope
Postgraduate Diploma in Banking & Finance: Brief Summary
| Course Name | Postgraduate Diploma in Banking & Finance |
| Also known as | PGDBM |
| Duration | 1-2 years |
| Level -Degree/Diploma | Diploma |
| Mode | Full Time |
| Eligibility | Graduation from a recognized university |
| Expected fee | Rs 65,000- Rs 6,00,000 P.A |
| Average Starting Salary | Rs 40,000 p.m |
| Top Job roles | Financial Analyst, Portfolio manager, Regulatory compliance officer, Venture capitalist, Financial accountant, Public accountant, Insurance advisor, Investment banker |
| Top recruiting companies | Pepsi, Exide, HSBC, CII, Google, Sharp, Whirlpool, Hindustan Unilever, Ogilvy and Mather, LIC, BNP Paribas |
Postgraduate diploma in Banking and Finance (PGDBM)
Why Postgraduate Diploma in Banking & Finance (PGDBM)
According to research conducted by Deloitte, the Indian middle class is set to rise to 37% of the population by 2026.
The banking and financial services sector in India is vast and diverse. India today has more than 70000 branches of nationalized banks, foreign banks, private sector banks, cooperative banks, scheduled and non scheduled banks, it is expected that in the coming 5-6 years the banking sector shall require an additional half a million employees.
Post Graduate Diploma in Banking and Finance (PGDBM) is a postgraduate diploma course and the duration of the course varies from 6 months to 2 years. Under this course, students get detailed theoretical know-how of the banking sector and how it is regulated by the concerned authorities.
Top institutes offering this course are-
- Symbiosis School of Banking and Finance
- Bombay Stock Exchange Institute
- National Institute of Bank Management
The course fee ranges for PGDBM program ranges from Rs 65,000– Rs 6,00,000 depending on the policy of the institute offering the course.
On completing the course successfully students can work in diverse sections of this sector such as- Commercial banking, Investment banking, Retail banking, Financial planning, Tax planning, Insurance, Public Accounting, Management, Banking laws and regulations, and Hedge funds.
The working environment is very modern and high tech and employees are well taken care of.
Jobs and career opportunities for PGDBM
After completing the Postgraduate Diploma in Banking & Finance program, students can get jobs in various positions such as-
- Bank Tellers
- Loan Officers
- Marketing Manager
- Branch Manager
- Financial Analyst
- Portfolio Manager
- Regulatory Compliance Officer
- Venture Capitalist
- Financial Accountant
- Public Accountant
- Insurance Advisor
- Investment Banker
- Business Researcher and Analyst
- Wealth Manager
Below is a detailed explanation of some of the top job roles-
INVESTMENT BANKER
Investment Banker looks after the issue of corporate securities and ensures that they reach the consumers. They also offer consultancy services to corporates and individuals capable of making large financial investments.
They also advise clients on various investment options such as investing in derivatives and commodities and they assist companies in carrying out mergers and acquisitions. Their job role is multi-faceted requiring them to develop relationships with both existing and new clients, developing various financial models for the valuation of debt and equity and more.
Salary- An investment banker can earn in the range of Rs 6.2 lacs-Rs 10 lacs per year depending on his level of experience.
PORTFOLIO MANAGER
Portfolio Manager guides his clients in choosing the best bouquet of securities to invest in so as to maximize his returns even with a limited investment budget. He also informs the clients on the possible risk factors associated with the chosen portfolio.
Portfolio managers need to have sharp decision making skills so as to be able to make the best customized portfolios for each client. They also need to constantly remain updated on the latest market trends and risks.
Salary- A portfolio manager can earn in the range of Rs 3 lacs-Rs 30 lacs a year depending on experience.
FINANCIAL ANALYST AND ADVISOR
Financial Analyst and Advisor deal with the arranging and the managing of capital needed to run an enterprise with minimum financial risk and loss. They plan the entire financial layout, predict future profits and losses, prepare detailed financial statements, and deal with mergers, acquisitions and auditing.
They also take stock of inventory and create financial models best suited to meet the specific needs of each company. Moreover, before offering investment advice, they make an in-depth assessment of the various investment options available such as stocks, bonds, mutual funds and real estate investments. They also evaluate the net worth of companies.
Salary- A financial advisor can earn anywhere between Rs 1.75 lacs-Rs 14 lacs per year depending on experience.
PRIVATE EQUITY MANAGERS
Private Equity Manager helps companies to raise capital for both current operational costs as well as for future expansion purposes. They mainly work for investment banks or the equities division of companies.
They are also responsible for raising capital from banks, private companies and also from high net worth individuals.
Salary- Private equity managers can earn in the range of Rs 4 lacs-Rs 50 lacs a year based on expertise and experience.
VENTURE CAPITALIST
Venture Capitalist perform due diligence on possible investment options, many options of which are often start-up companies, high on risks and who are eager to raise funds for expansion.
It is up to the venture capitalist to minutely scrutinize every bit of data available on these companies and then to come to a decision on whether or not to invest in them.
Salary- A venture capitalist can earn between Rs 10 lacs– Rs 15 lacs per year depending on experience.
BANK TELLER
Bank Teller has direct Interactions with the customers of the bank in providing them a range of account related services such as encashing cheques, accepting cash deposits and issuing receipts for these deposits.
They are also responsible for verifying the signatures on these cheques and must also ensure that the cash deposit slips and cheques are duly filled in by the customers and if there are mistakes therein, they point it out to the customers.
Salary- Bank tellers earn salaries in the range of Rs 1.75 lacs- Rs 4.4 lacs per year.
LOAN OFFICER
Loan Officer meets potential loan seekers and makes an enquiry as to the kinds of loans sought. He then informs them on the kinds of loans available and the terms and conditions attached to each and advise the applicants on loans suitable to their particular needs.
The loan officers thoroughly scrutinize the financial information and documents provided by the applicants and in some cases approve loans within specified limits and in case the loan amount exceeds these limits, he refers them to the management for either approval or rejection.
Salary- Loan officers in India receive salaries in the range of Rs 1.2 lacs-5.6 lacs per year.
Postgraduate Diploma in Banking & Finance: Salary
The following are salaries received by professionals in this field-
| Role | Salary (Rs) |
| Financial Analyst | 2.1 lacs – 9.5 lacs per year |
| Business Analyst | 3.5 lacs – Rupees 13 lacs per year |
| Finance Manager | 3 lacs – 18 lacs per year |
| Senior Financial Analyst | 3.2 lacs – 12 lacs per year |
| Research Analyst | 1.8 lacs –10 lacs per year |
| Claims Executive | 1.75 lacs –2.2 5 lacs per year |
Recruiters
The main recruiters in this field are public and private banks, corporate houses, insurance companies, mutual fund companies, and consulting firms.
Some of the top recruiters include-
| Pepsi | Exide | HSBC | CII |
| Sharp | Kellogg’s | Standard Chartered Bank | |
| Godrej | Pidilite | Crisil | Yes Bank |
| Deloitte | Nestle | Indian Oil | HDFC Bank |
| ITC | Titan | Dabur | ICICI Bank |
| Lotte | BNP Paribas | Asian Paints | UTI |
| Whirlpool | Philips | Hindustan Unilever | Samsung |
| Ogilvy and Mather | Tata Steel | LIC | Kotak Mahindra |
Specializations Offered
There are various postgraduate diploma specializations available. Few of them are mentioned below-
Postgraduate Diploma in Management – In this course students are given a thorough knowledge of every aspect connected to how a modern business runs. The course covers the importance of e-commerce in a globalized world and how this globalization affects Indian businesses.
Postgraduate Diploma in Economics – The course helps students to get a thorough knowledge of both theoretical and applied Economics and helps them to formulate solutions to the problems faced by world economy.
Postgraduate Diploma in Finance – The course structure equips students work in the Finance sector at an international level and provides them with in depth understanding of risk assessment, asset pricing, investment analysis and financial reporting with exposure to regular case studies.
Postgraduate Diploma in Banking & Finance: Syllabus
In general, the syllabus covers the following subjects-
- Introduction to financial markets
- Commercial Banking Operations
- Macro Economics
- Financial Management Principles and Practice
- Introduction to financial accounting of banks
- Legal aspects of banking
- Credit Management
- Soft skills and English communication
- Technical Analysis
- Microsoft Excel
- Introduction to investment banking
- Wealth Management
- Marketing and Financial Products
- Information Technology in Banking
- Customer services and relationship management
- Foreign exchange markets
- International Finance
- Introduction to Financial Spreadsheets
- Rural Banking
- Derivatives and Commodities
Popular Colleges Offering PGDBM
Some leading institutes offering this course are as follows-
| Name of the Institute | Total course fee (Rs) | Eligibility criteria |
| National Institute of Bank Management | 6 lacs | Minimum 50% in graduation
CAT/MAT/CMAT scores are needed |
| Institute of Finance, Banking and Insurance (IFBI) | Not available | Minimum 50% marks in classes X, XII and graduation with no gap years or correspondence course done. Age must be less than 25 years |
| Symbiosis School of Banking and Finance | 65,000 | Minimum 50% in graduation with preferably one year work experience |
| BSE Institute | 1,35,000 (excluding taxes) | Minimum 50% in graduation |
| Times Professional Learning | 1,25,000 (including taxes) | A graduate in any discipline with a minimum of 50% in class X, XII and in graduation. |
| Ahmedabad Management Association Center for banking- Bank of Baroda | 25,000 (including GST) | Graduate in any discipline |
| NIBF | 53,000 (including GST) | Graduate in any discipline with minimum 50% in classes X XII and graduation, age less than or equal to 26 years, must appear in NBAT – National Banking Aptitude Test |
| The Institute for Development& Research in Banking Technology | 5 lacs (excluding taxes) | Must be either an engineering graduate with a minimum of 60% in the engineering qualifying examination or must hold a degree in any subject with minimum 60% in the Master’s degree. Must have a valid CAT/ GMAT/ GRE/ CMAT/ XAT/ MAT/ ATMA score |
| Institute of Banking and Finance | Not available | Minimum 50% in class XII and valid TKWs BAT/CAT/ MAT scores |
| Shivaji University | 3,500 | Graduate in any discipline |
| IMTS Institute | 20,000 | Graduate in any discipline |
Requirements for PGDBM
In general, the common requirement of every institute offering this course is that candidates should have a graduation degree in any discipline, from a recognized university with a minimum of 50% marks.
Some institutes hold their own written test and interviews which candidates must qualify fro admission. Most institutes do not require candidates to have prior work experience.
Scope after Postgraduate Diploma in Banking & Finance
With the banking and finance sector in India showing a steady bullish growth, the scope of Postgraduate Diploma in Banking and Finance becomes more and more attractive as at least 5,00,000 jobs are to be created in this sector in the upcoming years.
A survey shows that in 2017, the financial services sector in India showed the highest increase in average salaries @ 6% as compared to any other sector.
The Indian middle class is considered to be the class with an increased interest in spending, this, in turn, shall generate the need for more and more services in this field and hence the need for qualified individuals to make this field grow exponentially. The salaries offered are very lucrative and the work environment is upscale.
