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PGDM in Finance - Scope, Career Options and Fact Sheet

PGDM in Finance - Scope, Career Options and Fact Sheet

Home > MET Blog > PGDM in Finance - Scope, Career Options and Fact Sheet

PGDM in Finance - Scope, Career Options and Fact Sheet

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

Source: GMAC Corporate Recruitment Survey 2020
Popular companies that hire Master of business administration (PGDM), Finance degrees in India are

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
Source: GMAC Corporate Recruitment Survey 2020
Salary Statistics and Skills required during COVID-19 pandemic
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%

The primary reasons why so many opt for this field is that it offers excellent earning potential and rewarding career options in a variety of industries. The domain has witnessed significant growth despite the economic downturn, so it’s safe to say that it is a little more secure than other ones.
Dr. Nisha S. Tatkar,
Associate Professor (FM)
MET Institute of PGDM

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