PGDM in Finance - Scope, Career Options and Fact Sheet
2023-02-13 00:00:00
Introduction
Many PGDM candidates have financial careers as a top career choice. Besides the prestige that comes with working in financial institutions like Goldman Sachs, Morgan Stanley etc., a career in finance likewise offers lucrative starting pay and other compensation, including signing and year-end bonuses. For many, a career in the finance industry presents a dynamic and rewarding career path that might be a springboard for many future opportunities.Careers in the finance industry can be sub-categorized into the following more granular classification
Graduates with a PGDM in Finance earn an average base salary of Rs.710,780 in India. Some of the job profiles that pay well are as below|
Finance Jobs |
Average Salary in India |
|
Financial Analyst |
Rs.516,000 |
|
Finance Manager |
Rs.10,00,000 |
|
Senior Business Analyst |
Rs.10,00,000 |
|
Accountant |
Rs.278,000 |
|
Senior Financial Analyst |
Rs.627,000 |
|
Operations Manager |
Rs.799,000 |
|
Relationship manager |
Rs.532,000 |
|
Companies in India that hire PGDM Finance graduates |
Average Salary |
|
Tata Consultancy Services |
Rs.297,000 – Rs.20,00,000 |
|
HDFC Bank |
Rs.311,000 – Rs.20,00,000 |
|
Accenture |
Rs.272,000 – Rs.20,00,000 |
|
EY |
Rs.320,000 – Rs.20,00,000 |
|
ICICI Bank |
Rs.261,000 – Rs.20,00,000 |
During the COVID-19 pandemic, the GMAC Corporate Recruitment Survey 2020 highlights the hiring and salary trends for PGDM in finance graduates. The data is drawn from two sets: Wave I (February 17-March 17, 2020) and Wave II (February 17-March 17, 2020). (June 17-July 17, 2020). Here are the results: The majority of the top industries for b-school graduates reported a stable headcount for PGDM Finance. The projected annual median base starting salary for new PGDM finance hires in 2020 is $115,000 (Wave I) and $105,000 (Wave II) (Wave II)
- Approximately 37% of finance industry business school recruiters are still very optimistic about how equipped graduates are to succeed in an organisation, followed by 51% of hopeful recruiters and 11% of relatively sure recruiters. (Wave I)
- About 32% of finance industry business school recruiters continue to be very enthusiastic about how equipped graduates are to succeed in an organisation, followed by 53% of optimistic respondents and 15% of relatively sure respondents. In Wave II
- As a result of the COVID-19 epidemic in the financial sector, skill importance has increased. Look at the qualifications needed by the financial sector:
|
Finance Industry Skills Required |
% of recruiters indicating skill importance |
|
Ability to handle the tricky global business environment |
47% |
|
Ability to navigate the challenges of technological disruption |
76% |
|
Versatile skillset |
65% |
|
Prepared to take on leadership roles |
26% |
|
Does not require extensive company-sponsored training (able to hit the ground running) |
56% |
|
Innovative |
71% |
|
Strategic thinking |
47% |
|
Strong communication skills |
59% |
