XLRI started in 1949, is not only the oldest business school of the country, but also the first institute to offer management courses through online platform in India. XLRI is amongst the elite group of B-Schools with triple accreditation in the country from AACSB, AMBA and the NBA. Keeping true to its vision, XLRI strives to offer a management-centric education which is not just leading to a degree, but one that inspires future business leaders to respond to the unmet needs of the society. In consistent with its mission to disseminate the knowledge in management through a portfolio of educational programs, as a Category I institute in AICTE classification, XLRI brings you its flagship two-year programs leading to post graduate diploma in online mode to those who were not able avail it due to space, opportunity or other related resource constraints.
Postgraduate Diploma in Management (Finance) - Online
(AICTE Approved)
The Postgraduate Diploma in Management (Finance) - Online is a master level program which aims at providing a holistic understanding of the essential concepts, tools, techniques, and practice of finance. The PGDM (Finance) curriculum is aptly designed after extensive industry consultations covering the broader finance themes in accounting and corporate finance, asset markets and banking, investment techniques and wealth management. Students gain deeper insights into the emerging developments such as fintech and digital finance, data science and machine learning tools as applicable to finance.
The PGDF program is delivered online with three one-week campus module at XLRI Jamshedpur campus.
The program aims at bridging the gap between the aspirations of the participants and the requirements from a qualified finance professional. For working professionals, the PGDM (Finance) program is best suited as they learn while they earn. Participants learn from the experienced XLRI faculty as well as industry experts and their peers over an interactive online platform and monitor their learning as well as performance progression during the program.
Target Participants
The target participants may include the following:
- Graduates who have a career aspiration in finance industry.
- Candidates with professional qualifications such as CA/ICWAI/CS are encouraged to apply.
- Professionals currently working in the finance domain of the corporate sector.
- Executives in banks and financial institutions who wish to fast advance their career.
- Entrepreneurs who desire to hone their finance skills are specifically encouraged.
- Candidates aspiring to have their career in investment and wealth management.
Program Advantages
- Designed exclusively in finance domain after extensive industry consultations
- Uniquely designed curriculum with conceptual rigour and practical relevance
- Blending synchronous and asynchronous online learning and encouraging peer learning
- Learn while earning as participants continue to remain in their present employment
- Classes with three one-week residency at XLRI Campuses
- Courses delivered by XLRI fulltime faculty and experienced industry experts
- Special workshops sessions from CFOs and thought leaders
- Courses mapped to Chartered Financial Analyst (CFA) and other certifications
- Capstone Project and Simulation involving Trading Strategies
- Remote access to XLRI library resources and data sources
- Being part of the XLRI’s wider Alumni networks
XLRI PGDM (Finance) program is mapped to the CFA Program, thereby help participants in advancing their career options as a finance professional. The PGDM (Finance) course covers at least 70 percent of the CFA Program syllabus and incorporates the module of the CFA Institute’s Code of Ethics and Standards of Practice.
Given the comprehensive curriculum and focus on quantitative techniques, PGDM (Finance) program also provides opportunities to pursue other certifications such as Certified Financial Planner (CFP) and Financial Risk Manager (FRM).
Learning Method
Classes are held online during the weekends (Saturdays from 6.30 PM - 9.45 PM and Sundays from 3.00PM – 8.00PM) and one working day (Wednesdays from 6.30 PM - 9.45 PM), with session recordings available for viewing during the term. Participants are also offered tutorial assistance on need basis for strengthening their conceptual understanding. In addition, the program encourages for systematic peer learning opportunities.
The course pedagogy involves lectures, case discussions, hands on exercises and financial simulations, data analysis using Excel and R, and peer-to-peer learning.
Course Plan
The course plan involves 32 foundation and advanced level courses in finance as well as some allied courses and a Capstone project and virtual summer internship for a total of 900 hours of coursework. Additionally, the program also includes Tutorial sessions on need basis for strengthening their conceptual understanding.
In addition, participants are expected to engage in self learning hours across all courses depending on their personal strengths and motivations, in the form of pre-readings, assignments and exercises, individual reflections, e-texts, self-assessment, etc.
Year 1 Courses (48 Credits)
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Year 2 Courses (42 Credits)
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Career Guidance Support
The PGDM (Finance) is a specialised program that prepares students in a wide range of finance courses with industry focus. Enrolled students will have opportunities of career guidance through specifically designed sessions and other career support activities, including connecting with XLRI's global alumni network. Besides, the regular speaker sessions involving senior corporate executives will give students opportunities for interactions.
PGDM (Finance) Course Structure
The program involves foundation as well as advanced level courses in finance as well as some allied courses, including a capstone project. The foundation level courses are built in the first two terms with ten courses involving accounting, corporate finance, economics, quantitative techniques, financial markets, communication techniques. Besides some of the skill building courses such as financial research methods, financial modelling with excel & R and data science & machine learning are incorporated.
Courses that focus on financial decisions such as corporate finance, project finance, mergers and acquisitions, and corporate restructuring, investment banking, etc provide the required expertise for the finance functions of an organization. From an investment management perspective, the program covers courses such as fixed-income, equity valuation, portfolio management, financial derivatives, market microstructure and trading, alternative investments, etc. Topping up with the courses such as mutual fund analysis and wealth management, behavioral finance, and financial services marketing is expected to provide enough scope for a career in investment advisory. The program includes the essentials of commercial banking and risk management, financial technology and digital finance and entrepreneurial finance to assist the participants in choosing career in banks and fintech sectors.
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Term I
PGDM (Finance) 2211: Financial Reporting and Analysis
The course aims to facilitate the participants in understanding the basics of financial accounting records, financial statements and the guidelines for financial reporting and analysis.
Key Topics
- Understanding Financial Statements
- Basic Accounting Records and Accounting Cycle
- Financial Reporting of Key Line Items
- Financial Statement Analysis
- Analysis of Financial Institutions
- Quality of Financial Reporting
PGDM (Finance) 2212: Corporate Finance-1
This course aims to enable the participants in understanding the essentials of corporate finance such as time value of money, sources of capital, cost of capital, capital structure and dividend policy.
Key Topics
- Time Value of Money
- Sources of Capital
- Cost of Capital
- Capital Structure
- Leverage Decisions
- Dividend Policy
- Introduction to Corporate Governance
PGDM (Finance) 2213: Economics for Finance Professionals
This course aims to facilitate the participants in understanding the application of the primary concepts and theories of economics such as demand and supply, Market structure, business cycles, monetary and fiscal policies, and international trade in finance.
Key Topics
- Demand and Supply
- Analysis of Firm and Market Structures
- Aggregate Output, Prices & Economic Growth
- Analysis of Business Cycles
- Monetary and Fiscal Policies
- International Trade and Balance of Payments
- Exchange Rates and the Economy
PGDM (Finance) 2214: Quantitative Methods for Finance
This course aims to enable the participants in understanding the application of the primary concepts and theories of quantitative methods such as probability, sampling, hypothesis formulation, testing association and casual relationships, differentiation and integration, and time series in finance.
Key Topics
- Descriptive Statistics: Data Presentations
- Probability and Distributions
- Sampling Techniques and Hypothesis Testing
- Correlation and Regression Analysis
- Time Series Techniques and Analysis
- Differentiation and Integration Applications
PGDM (Finance) 2215: Communication for Finance Professionals
The objective of this course is to help the participants in learning the essentials of communication besides applying the learnings in the financial communication mediums such as annual reports, presentation, and analysts conference calls.
Key Topics
- Communication Planning
- Communicating: Press, Government and Regulators
- Cognitive Bias in Communication
- Effective Listening & Feedback
- Analytical and Argumentative Writing
- Annual Report Writing
- Handling Analysts’ Queries in Conference Calls
- Crisis Communication
- Business Presentation
- Sustainability and CSR reporting
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Term II
PGDM (Finance) 2221: Management Accounting
This course aims to enable the participants in understand the tools and techniques of cost and management accounting such that the participants shall be able to take informed financial decisions.
Key Topics
- Behavior of Costs
- Methods of Costing
- Cost Volume Profit Analysis
- Cost Reporting
- Budgetary Control
- Standard Costing
- Transfer Pricing
PGDM (Finance) 2222: Corporate Finance II
This course aims to help the participants in understanding the decision-making process about working capital, capital budgeting, besides getting insights on leasing ,management of business risk and recapitalization.
Key Topics
- Working Capital
- Capital Budgeting
- Leasing and Hire Purchase
- Introduction to Mergers & Acquisitions
- Managing Business Risk
- Recapitalization
PGDM (Finance) 2223: Financial Markets and Regulations
The objective of this course is to introduce the participants to market for equity and debt securities, market organization and structure, security market indices and regulatory framework related to securities markets.
Key Topics
- Market Organization and Structure
- Security Market Indices
- Market Efficiency
- Markets for Equity Securities
- Markets for Debt Securities
- Securities Contracts (Regulation) Act, 1956
- SEBI Act, 1992
- Depositories Act,1996
- Issue and Listing of Securities
- Regulatory Framework related to securities markets intermediaries
- Insider Trading and investor protection
PGDM (Finance) 2224: Financial Modelling with Excel & R
This course shall facilitate the participants in understanding the application of financial models for financial statements, project finance, business valuation and using excel and R.
Key Topics
- Introduction
- Financial Statement Models
- Project Finance Models
- Business Valuation Models
- Introduction to R
PGDM (Finance) 2225: Financial Services Marketing
This course aims to help the participants in applying the concepts and practices of marketing for various financial services.
Key Topics
- Introduction
- Financial Services Advertising
- Marketing in Retail Banking
- Segmentation, Products and Pricing of Financial Services
- Customer Profitability Analysis
- Marketing of Mutual Funds
- Marketing of Hedge Funds
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Term III
PGDM (Finance) 2231: Fixed Income Analysis
This course shall encourage the participants in understanding fixed income markets, key elements, risks and returns of fixed income securities, fixed income valuation, term structure, interest rate dynamics and credit analysis.
Key Topics
• Debt Markets: Participants: Investors & Intermediaries • Trading and settlement (Introduction to NDS-OM) • Valuation of Debt Instruments • Yield Curve and Term Structure of Interest Rates • Risk Identification in Bonds • Corporate Bonds, Valuation and Credit Risk Analysis • Interest Rate Derivatives: Futures, Swaps and Options • Debt Portfolio Construction and Management • Analysis of Mortgage-Backed SecuritiesPGDM (Finance) 2232: Equity Valuation
This course aims to introduce the participants to various methods of valuing equity claims such as DDM, DCF, Residual Income and Relative Valuation along with their suitability.
Key Topics
- Industry and Company Analysis
- Basics of Equity Valuation
- Dividend Discount Models
- DCF Valuation and Sensitivity analysis
- Relative Valuation -Price and EV Multiples
- Residual Income Approach
- Private Firm Valuation
PGDM (Finance) 2233: Financial Technology and Digital Finance
The objective of the course is to offer a thorough understanding of the key technological trends and their application in the day to day lives of the finance professionals.
Key Topics
- Technology and Financial Markets Disruption
- Understanding Platform Economy
- Business Intelligence: AI & ML
- Fintech and Disruption in Banking
- Fintech and Evolving Payment System
- Fintech in Insurance, Trading and Capital Markets
- Blockchain Technology & Crypto Currency
- Fintech in Credit and Lending
- Digital transformation of Wealth Management
- Cyber Security
PGDM (Finance) 2234: Financial Management Simulation
This course aims to enable the participants in applying the finance concepts in real life financial decision-making process using the simulation of real-life data.
Key Topics
- Investment Management Simulation
- Financial Statement Analysis Simulation
- Equity Valuation Simulation
- Capital Budgeting Simulation
- Simulation of Financial Projections
PGDM (Finance) 2235: Finance Research Methods
The objective of this course is to assist the participants in understanding the essentials of research methods for carrying out research in finance.
Key Topics
- Introduction
- Types of Data
- Data collection methods
- Hypothesis Formulation and Testing
- Fundamental Data Analysis Tools
- Regression Analysis and Estimation
- Addressing Endogeneity Problems: Instrumental Variables, Difference-In-Differences
- Propensity Score Matching, Regression Discontinuity Design
- Experimental Research
- Research Report writing
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Term IV
PGDM (Finance) 2241: Finance in Practice
This course aims to bridge the gap between theory and practice of finance through the interactive sessions delivered by the senior finance professionals from the finance sector.
Key Topics
- Exchanges, Depositories & Clearing and Settlement Systems
- Technology & Finance
- Insolvency and Bankruptcy Code
- Credit Ratings Analytics
- Insurance Markets and Policy
- Treasury Management
- Real Estate Finance
- Taxation & Financial Markets
- Corporate Finance Functions
PGDM (Finance) 2242: Portfolio Management
The objective of this course is to introduce participants to portfolio planning, construction, and management besides enabling them to have a thorough understanding of portfolio risk and return, technical analysis, back testing, and simulation.
Key Topics
- An overview of investment process - Risk and Return
- Introduction to Modern Portfolio Theory
- Introduction to Portfolio optimization
- Delineating Efficient Frontier
- Index Model, Capital Asset Pricing Model (CAPM)
- APT and Factor Models
- Portfolio Analytics-Basics and Advanced
- Approach to Market, Industry, & Company Analysis
- Fundamental and Technical Analysis
PGDM (Finance) 2243: Financial Risk Management
This course aims to encourage the participants in appreciating value at risk, credit risk, leverage risk, liquidity risk and management of the various financial risks encountered by an entity.
Key Topics
- Identifying Risk in Asset Classes
- Volatility in asset prices, EWMA and GARCH
- VaR Techniques, Simulation: Historical & Monte Carlo
- Model validation, their back testing
- Measurement and Management of credit risk
- Liquidity and operational risks
- Risk and Regulations, Basel-III, and RBI Approaches
- Lessons from Global Cases of Financial Risk & Disasters.
PGDM (Finance) 2244: Commercial Banking
This course aims to offer participants a thorough understanding of the products, processes, and outcomes of the commercial banks.
Key Topics
- Introduction to Banking and Financial Services
- Financial Statements and Performance of Banks
- Managing and Hedging Risk
- Management of Investments
- Management of Liquidity
- Management of Sources of Funds
- Lending Policies and Procedures
PGDM (Finance) 2245: Market Microstructure & Trading
The objective of this course is to introduce participants to market microstructure and trading strategies.
Key Topics
- Market Microstructure
- Analysis of News Flow in financial markets
- Event based trading strategies
- Capturing the order flow, Market Making & Evaluation using Simulator
- Technical Analysis and Trading Strategies
- Back testing of Trading Strategies using Simulator
- Trading and Implementing Option Strategies using simulator
- Advance Financial Data Analytics
- Basics of Algorithmic Trading
- Trading Strategies for Algo System
- High Frequency Trading using Algo system
- Usage of Co - Location for Algo Trading
PGDM (Finance) 2246: Code of Ethics and Standards
This course aims to enable the participants in appreciating the code of ethics and standards to be followed by the finance professionals.
Key Topics
- Challenges and Imperatives of Corporate Ethics
- Systems Thinking and Ethics
- Ethics of Corporate Executive Virtues
- Ethics of Corporate Moral and Servant Leadership
- Ethics of Corporate Critical Thinking and Decision Making
- Ethics of Corporate Stakeholder Rights and Duties
- Ethics of Corporate Executive Moral Responsibility and Cosmic Sustainability
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Term V
PGDM (Finance) 2251: Financial Derivatives
The objective of this course is to familiarize the participants with the features of various derivative instruments such as forwards, futures, index futures and options and trading and hedging strategies using derivatives contracts.
Key Topics
- Introduction to Financial Derivatives
- Forward and Future Contracts
- Equity Index Future Contracts
- Hedging with Futures & Trading Strategies
- Options: Trading and Hedging
- Derivative Pricing: Black-Scholes-Merton Model and its Greeks
- Hedging and Portfolio Management
- Credit Derivatives: CDOs & CDS
PGDM (Finance) 2252: Mergers, Acquisitions, and Corporate Restructuring
This course aims to enable the participants in understanding the financial aspects of mergers, acquisitions, and corporate structuring.
Key Topics
- M & A Process and Strategic Motives
- Target Valuation & estimation of Swap Ratio
- Takeover Defense Strategies
- Cross Boarder M&As
- Post Mergers and Acquisitions issues
- Value Erosion in M&As
- Corporate Restructuring Methods
PGDM (Finance) 2253: Project Finance
The objective of this course is to encourage the participants in understanding the planning analysis and evaluation of project finance alternatives.
Key Topics
- Introduction
- Project Cashflows &Evaluation
- Risks in Project Finance and real options
- Working Capital Financing
- Tax Considerations
- Legal Considerations
- Social Cost Benefit Analysis
PGDM (Finance) 2254: Mutual Fund Analysis and Wealth Management
This course aims to familiarize the participants with the various types and styles of mutual fund, risk adjusted performance measures and mapping expected returns with risk tolerance of clients.
Key Topics
- Understand Asset Classes and Investment Products
- Mutual Funds Industry in India
- Fund Types: Liquid Funds, Debt Funds & Equity Funds
- Mutual Fund Styles: Active, passive, growth, and value investing
- Active vs Passive Investing (Index Funds, ETFs)
- Risk Adjusted Performance Measures
- Mapping Return Expectations and Risk Tolerance
- Align Financial Products with Clients’ Goal
- Portfolio Monitoring and Client Reporting Tools
PGDM (Finance) 2255: Entrepreneurial Finance
The objective of this course is to familiarize the participants with the financing choices available for entrepreneurs in the private equity space.
Key Topics
- Introduction to the private equity process
- Private equity securities
- Overview of private equity deal structures
- Structuring of offering documents for venture funding
- Term sheet negotiations
- Valuation and capital structure
- A Behavioral aspect of term sheet negotiations
- Due diligence
- Private equity exits
- Private equity in the emerging markets
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Term VI
PGDM (Finance) 2256: Behavioral Finance
This course aims to introduce the participants to the psychological aspects of investors regarding investments and other financial decisions.
Key Topics
- Foundations of Behavioral Finance
- Behavioral Finance in Investment Decision Making
- Behavioral Finance: prospect theory and asset pricing
- Risk Aversion, Reflection Effect and Framing Effect
- Heuristics and Behavioral biases of Investors
- Market Inefficiencies: Mis-pricings and Non-rational Decision Making
- Behavioral Corporate Finance
PGDM (Finance) 2261: International Finance
This course aims to enable the participants in understanding the international settlement and payment systems, international cost of capital estimation and decision process dealing with international financial choices.
Key Topics
- International Financial System
- Foreign Exchange Markets and Parity conditions
- Country Risk Analysis
- International Financing Choices
- International Investments
- Foreign Direct Investments
- Currency Derivatives: Forwards, Options, Swaps
- Currency Risk Analysis & Management
- International Settlement and Payment Systems
PGDM (Finance) 2262: Alternative Investments
This course deals with various alternative investment vehicles and their risk return characteristics.
Key Topics
- Private Equity, Venture Capital and Hedge Funds
- Private Debt, Distress Investing, and Secondaries
- Real Estate and Real Estate Investment Trusts (REITs)
- Commodities as an Asset Class and Futures Trading
- Securitisation and Mortgage-Backed Securities (MBSs)
- Bitcoin as an investment Asset
PGDM (Finance) 2263: Sustainable Finance
This course aims to enable the participants in understanding the essentials of sustainable finance such as Climate Change, ESG, sustainability metrics and reporting.
Key Topics
- Business and Ecology of Sustainability
- Intersection of Sustainability and Finance
- Climate change - Financial Policy and Regulatory Landscape
- Environmental, Social, and Governance (ESG) Factors
- ESG in finance: Rating, Governance, Stewardship
- Sustainability Metrics and Reporting
- Integration of ESG in financial decision making
PGDM (Finance) 2264: Data Sciences & Machine Learning
This course deals with understanding the various types of financial data (both numeric and non-numeric) and analyzing such data.
Key Topics
- Fundamental, Markets, Analysts
- Alternative Data in Finance
- Tidy and non-tidy data
- Exploratory Data Analysis
- Supervised, Unsupervised Machine Learning
- Feature selection and engineering
- Building Machine Learning
- Deep neural Network Models and their uses in Finance
PGDM (Finance) 2265: Investment Banking
This course aims to familiarize the participants with the functions, role and significance of investment banking in the finance landscape.
Key Topics
- Primary Markets and Securities Issuances
- Issue Management, Underwriting
- Mechanics of an Initial Public Offering
- Buy-backs and De-listing
- Private Equity and Placements
- Securitization: Concepts and Structures
Capstone Project
Capstone project is expected to reflect an integrated understanding of the whole program, with application in the context of a real-life industry problem situation, culminating into a comprehensive project report outlining the proposed solution. Typically, the project selection is done in consultation with a faculty guide and/or an industry practitioner. Student is expected to demonstrate their ability to integrate the learning skills and techniques in the broad area of finance applying to a real-world situation.
Faculty
The program is taught by experienced fulltime faculty of XLRI - Xavier School of Management, chosen academicians across the country as well as industry experts.
PGDM (Finance) Program Fee
The fee for the Program is Rs. 14 lakhs, paid over 4 instalments as follows
| Instalments | I | II | III | IV |
|---|---|---|---|---|
| Rs. Lakhs | 4.5 | 3.5 | 3 | 3 |
The fees include the cost of textbooks, reading materials, library resources, accommodation and boarding during the three mandatory campus immersion programs at Jamshedpur but exclude the travel and related costs.
Scholarships
To ensure diversity of the participants, the following scholarships amount shall be adjusted from the total fees. A candidate can avail both scholarships for woman candidate and ST/SC candidate.
| Category | Amount |
|---|---|
| Woman candidate | Rs 1,00,000/- |
| ST/SC candidate | Rs 1,00,000/- |
The top performers of the batch are also eligible for academic scholarship of Rs. 50,000/- at the end of first year.
Eligibility
- The applicant must have a bachelor’s degree with a minimum aggregate mark of 50% from a recognized University/Institution recognized by the Ministry of Education, Government of India.
- Candidates with relevant work experience shall be given preference.
Award of Diploma
Participants shall be awarded the “Postgraduate Diploma in Management (Finance)” upon successfully meeting the academic requirements of the program as set by the Academic Council of XLRI Jamshedpur.
Sample Diploma Certificate
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About Program/Admissions/Tests/Eligibility
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Is it a Master Degree Programme? Will it be accepted for further studies as a Master degree programme?
Yes, it is a post graduate diploma in finance which is equivalent to the two year post graduate diploma offered by the institute. Since, the program is offered for 1220 hours (840 hours of coursework, 60 hours of summer internship and 320 hours of tutorial on demand), it could be accepted as a master’s degree equivalent program.
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Can you explain the eligibility for the program?
- The applicant must have a bachelor’s degree with a minimum aggregate mark of 50% from a recognized University/Institution recognized by the Ministry of Education, Government of India.
- Candidates with relevant work experience shall be given preference.
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Can those with a CA or an ICWAI and an ACS apply for this program?
Yes. Candidates with professional qualifications such as CA/ICWAI/CS are encouraged to apply.
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Can a person with non- finance experience apply?
Yes, provided the applicant has an aspiration to have a career in finance.
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Can diploma graduates apply for this program?
Graduates with 3-year diplomas are not eligible to apply. However, if a candidate has a four-year diploma in engineering that is recognized by a university or a Deemed-to-be University, then he/she is eligible to apply.
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Who should Apply?
- Candidates with professional qualifications such as CA/ICWAI/CS are encouraged to apply.
- Professionals currently working in the finance domain of the corporate sector.
- Executives in banks and financial institutions who wish to fast advance their career.
- Entrepreneurs who desire to hone their finance skills are specifically encouraged.
- Candidates aspiring to have their career in investment and wealth management.
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Is work experience a must?
Yes, the ideal candidate is expected to have two years of work experience on June 29, 2024.
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What is the batch size?
The maximum batch size is 120. The institute may decide to have a batch size of less than 120 at its discretion to maintain the quality of the program.
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Can the student defer their admission?
No. Admission is offered only for this academic year. However, if the candidate wants to apply for the program in the next offering, she/he is most welcome to apply, but the selection shall depend upon the candidate’s performance in the selection process of the next period.
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What will be the class timings?
Classes are held online during the weekends (Saturdays from 6.30 PM - 9.45 PM and Sundays from 3 .00PM- 8.00 PM) and one working day (Wednesdays from 6.30 PM - 9.45 PM), with session recordings available for viewing during the term.
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Does the course provide campus visit?
The PGDM (Finance) program is delivered online with three one-week in-campus modules at XLRI Jamshedpur Campus.
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What is the PGDM (Finance) course plan?
The program involves foundation as well as advanced level courses in finance as well as some allied courses, including a capstone project. For details of the courses, please visit here xol.xlri.edu/pgdf.
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Who will be the faculty of the PGDM (Finance) course?
The program is taught by experienced full-time faculty of XLRI-Xavier School of Management, select faculty from overseas as well as experienced industry professionals
About advantages from the program
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What is unique about this Postgraduate Diploma in Management (Finance) - Online why should anyone enrol in this program?
The Postgraduate Diploma in Management (Finance) - Online is a master level program which aims at providing a holistic understanding of the essential concepts, tools, techniques, and practice of finance. The PGDM (Finance) curriculum is aptly designed after extensive industry consultations covering the broader finance themes in accounting and corporate finance, asset markets and banking, investment techniques and wealth management. Students gain deeper insights into the emerging developments such as fintech and digital finance, data science and machine learning tools as applicable to finance.
Moreover, the Postgraduate Diploma in Management (Finance) - Online is recognized as a PGDM by the AICTE in India. -
What are the advantages of this Postgraduate Diploma in Management (Finance) - Online?
- Designed exclusively in finance domain after extensive industry consultations
- Uniquely designed curriculum with conceptual rigour and practical relevance
- Blending synchronous and asynchronous online learning and encouraging peer learning
- Learn while earning as participants continue to remain in their present employment
- Classes with three one-week residency at XLRI Campuses
- Courses delivered by XLRI fulltime faculty and experienced industry experts
- Special workshops sessions from CFOs and thought leaders
- Courses mapped to Chartered Financial Analyst (CFA) and other certifications
- Capstone Project and Simulation involving Trading Strategies
- Remote access to XLRI library resources and data sources
- Being part of the XLRI’s wider Alumni networks
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In what kind of companies and industries will the student be able to apply his/her learning?
The PGDM (Finance) program has a comprehensive curriculum that prepares the students to advance their career in a rapidly changing world of finance.
- Courses that focus on financial decisions such as corporate finance, project finance, mergers and acquisitions, and corporate restructuring, investment banking, etc provide the required expertise for the finance functions of an organization.
- From an investment management perspective, the program covers courses such as fixed-income, equity valuation, fundamental analysis, portfolio management, financial derivatives, market microstructure and trading, alternative investments, etc.
- Courses such as mutual fund analysis and wealth management, behavioral finance, and financial services marketing is expected to provide enough scope for a career in investment advisory.
- Essentials of commercial banking and risk management, financial technology and digital finance and entrepreneurial finance are included to assist the participants in choosing careers in banks and fintech sectors.
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Can participants of the PGDM (Finance) program pursue additional qualifications such as CFA, FRM and CFP?
XLRI PGDM (Finance) Program is mapped to the CFA Curriculum, thereby helps participants in advancing their career options as a finance professional. The PGDM (Finance) program covers at least 70% of the CFA syllabus.
Given the comprehensive curriculum and focus on quantitative techniques, PGDM (Finance) program also provides opportunities to pursue other certifications such as Certified Financial Planner (CFP) and Financial Risk Manager (FRM).
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What is the perception of this course in the industry?
The PGDM (Finance) curriculum is aptly designed after extensive industry consultations covering the broader finance themes in accounting and corporate finance, asset markets and banking, investment techniques and wealth management. Students gain deeper insights into the emerging developments such as fintech and digital finance, data science and machine learning tools as applicable to finance.
About Internships/Placements/Projects
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Is there any Summer Internship Program to do a summer project in India?
Virtual Summer Internship for a duration of 60 hours (equivalent to 6 credits) undertaken along with the courses in Term 3 and during the summer break in the month of June 2025.
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Is Internship Compulsory?
Yes, summer internship is compulsory which is assigned 6 credit weight in the program structure. Participants need to do a virtual internship in finance role in a different organization (not in her/his present employment entity).
About Fee Structure, Scholarships & Bank Loan Assistance:
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What is the Fee Structure of the Program?
The fee for the Program is Rs. 14 lakhs, paid over 6 installments as follows
Installments I II III IV V VI Total Rs. (in Lakhs) 3 3 2 2 2 2 14 The fees include the cost of textbooks, reading materials, library resources, accommodation and boarding during the three mandatory campus immersion programs at Jamshedpur but exclude the travel and related costs.
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Will students get any scholarship for the program?
To ensure diversity of the batch, the following scholarships amount shall be adjusted from the total fees.
Category Amount Woman student Rs 1,00,000/- ST/SC student Rs 1,00,000/- PwD student * Rs 1,00,000/- * Any eligible student belonging to the PwD category, possessing a certificate from a certifying authority under The Rights of Persons with Disabilities Act, 2016, and who furthermore satisfies the Institute admission/learning outcome criteria for Online Programs shall be entitled to a fee waiver as per rules norms and policies made from time to time.
Any student can get fee waiver in maximum two of the above mentioned categories. For eligible students, fee waived will be adjusted against 2nd installment fee. The fee for such student will be Rs. 12 lakhs, to be paid over 6 installments as follows
Installments I II III IV V VI Total Rs. (in Lakhs) 3 1 2 2 2 2 12 The top performers of the batch are also eligible for academic scholarship of Rs. 50,000/- at the end of first year.
Corporate sponsored students
As per the institute policy, company-sponsored students are eligible for a partial fee waiver. Please find the details below:
- 1-4 selected students - Fee waiver of Rs. 1 lakh per student
- 5-9 selected students - Fee waiver of Rs. 1.5 lakhs per student
- 10 and above - Fee waiver of Rs. 2 lakhs per student
The count of selected students will be the total selected students in a batch (e.g., Batch 24-26) across all the programs offered under "XLRI Online Learning" and sponsored by the organization only. Fee adjustments will be made during the 2nd and 4th installments.
The above fee waiver scheme is applicable only if there is a signed agreement between XLRI Online Learning (on behalf of XLRI - Xavier School of Management) and the organization.
In addition, there is a fee waiver for women/ SC/ ST/ PwD (Rs. 1 lakh in each category, maximum two categories).
The candidate must fill out the application form and appear for an interview (subject to eligibility). If the candidate is selected, they will get an offer. For corporate-sponsored candidates, the admission process can be started immediately after the MOU is signed.
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Is there any Bank Financing facility available?
SBI XLRI Branch Jamshedpur and ICICI Bank Bistupur Jamshedpur offer bank loan assistance to the eligible candidates i.e candidate who meet their eligibility criteria such as work experience, take home salary and cibil score could avail the bank loan facility.
Award of Diploma
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What will be the Award of Diploma for the PGDM (Finance) course?
Participants shall be awarded the “Postgraduate Diploma in Management (Finance)” upon successfully meeting the academic requirements of the program as set by the Academic Council of XLRI Jamshedpur.
How to Apply
Candidates can apply online by visiting XLRI XOL website xol.xlri.edu/pgdf.
For Further Queries
Phone +91-657-6653241 /3239
Email pgdf.xol@xlri.ac.in
Medallion - XOL Finance & Investment Committee
The Medallion Committee is responsible for facilitating three main activities for the batch, as mentioned below:
Union Budget Event - Panel Discussion on Macro Economy & Financial Markets
The event was hosted on 5th Feb 2023, in a series of 2-panel discussions with 7+ prominent speakers. Our committee led the whole event in collaboration with FINAX under the guidance of Prof. H.K Pradhan and Prof. Kanagraj.
Also, it is worth mentioning that the event was attended by over 200 participants from XOL Batch, XLRI Regular Batch, and attendees from other top B-Schools. The event was also live on the InsideIIM channel and has garnered 2,000+ views to date.
Facilitate Finance Conclave and Finance in Practice Series
We are organizing a Finance Conclave in the last week of October 2023, and FIP sessions, an integral part of the PGDF program, are also being organized on a rolling basis. A glimpse of our FIP sessions is mentioned below:
Global Finalist - McGill International Portfolio Challenge (MIPC) 2023
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Team Medallion from PGDF (XOL) 2022-24 Batch won a $4,000 (CAD) Prize at the McGill International Portfolio Challenge (MIPC) 2023 by outperforming 80 other teams across 27 countries representing Ivy Leagues and Top-Tier Business Schools worldwide.
MIPC is one of the leading international buy-side finance challenges backed up by some of the largest global pension funds and institutional investors, like Blackrock, CPP Investments, Ontario Teachers’ Pension Plan, KPMG, CIBC, Fiera Capital, and more.
The team was responsible for structuring an optimal decumulation pathway for Canadian Pensioners and designing an investment strategy for a $60 Bn Pension Fund (Maple Leaf Pension Plan). Over three months, the students explored the different dimensions of indexation models, asset allocation strategies, inflation swaps, and currency hedging. They presented their proposal to 27 judges across three rounds of the competition.
Bloomberg Global Trading Challenge 2023
The Bloomberg 2023 Global Trading Challenge gives teams of 3-5 students led by a faculty advisor, the opportunity to use the Terminal to define market assumptions, develop a return-generating strategy and execute trades over a closed network. The winning team will have the highest Relative P&L relative to the Bloomberg World Large, Mid & Small Cap Price Return Index (WLS Index).
This year’s challenge witnessed a record-breaking 2,007 teams, with 10,343 members participating from 35 countries. Our PGDF (XOL) students gained hands-on experience developing and deploying trading strategies across different markets during these six weeks. This immersive experience also allowed the students to use real-time analytics from Bloomberg Terminal and effectively use them to perform the research and beat the market. Our teams successfully represented the institute by securing a place amongst the Top 5% of teams globally.
Team xlriAAN
Global Rank - 35 (out of 2007 Teams)
Asia Rank - 13 (out of 576 Teams)
India Rank - 7 (out of 261 Teams)
Ankit Singhal (XOF22003), Abhishek Kumar (XOF22001), Nitesh Raj (XOF22013)
Team XL Capital
Global Rank - 96 (out of 2007 Teams)
Asia Rank - 29 (out of 576 Teams)
India Rank - 14 (out of 261 Teams)
Divyanshu Raj (XOF22007), Rohan Banerjee (XOF22016), Rishav Anand (XOF22015)
2nd Runner Up – NJ Asset Management Factor Investing Olympiad 2024
Team Medallion from PGDM (Finance) - XOL from 2022-24 Batch at XLRI Jamshedpur, secured 2nd Runner Up rank by beating 65+ Teams from 39 different colleges at NJ Factor Investing Olympiad – an annual factor investing challenge for India’s premier business schools, organized by NJ Mutual Fund & Asset Management.
XLRI Jamshedpur’s Team Medallion (XOL), comprising Ankit Singhal, Divyanshu Raj, Rohan Banerjee, Niket Kulkarni, and Rishav Anand secured the 2nd Runner Up rank and won the prize money of Rs 2.5 Lakh under the guidance of Prof. Pankaj Agarwal.
Register here
Login NowImportant Dates
(For 2024-26 Academic Year)
- Final Phase ends on
June 25, 2024 - Commencement of the program
June 29, 2024 - First campus immersion (session dates)
July 29, 2024 to August 03, 2024 (Tentative)
Admission Criteria
Candidates shall be admitted through a two-step process, Step 1 (Shortlisting): Step 2(Online Interview)
Contact us
Phone +91-657-6653241 / 3239
Email pgdf.xol@xlri.ac.in
