Post Graduate Diploma in Finance PGDF (Online)

PGDF program has a comprehensive curriculum that prepares students to advance their career in a rapidly changing world of finance. Course plan includes foundation and advanced level courses in finance, summer internship, workshops sessions from industry thought leaders, Capstone Project and simulations-based trading and valuation modules.

Last Date of Application was: July 11, 2022 XLRI Campus visit (One week)
Mumbai Immersion Program (One week)

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.

Post Graduate Diploma in Finance (PGDF) Online

(AICTE Approved)

The 2-year Post Graduate Diploma in Finance (PGDF) is a master level program which aims at providing a holistic understanding of the essential concepts, tools, techniques, and practice of finance. The PGDF 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 a one-week in-campus module at XLRI Jamshedpur at start and a week immersion module in Mumbai in the beginning of the second year for gaining practical insights from the financial sector. The weeklong Mumbai immersion program offers a learning opportunity visiting institutions such as exchanges and depositories for interactions as well as lectures from senior finance professionals

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 PGDF 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 completing their final Bachelors’ examination would be allowed to join the program provisionally, subject to submission of required certificates latest by October 30, 2022.
  • 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 one-week residency at XLRI Jamshedpur Campus
  • One-week immersion program at Mumbai with interactions with practitioners
  • 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 online and data sources
  • Being part of the XLRI’s wider Alumni networks

XLRI PGDF program is mapped to the CFA Program, thereby help participants in advancing their career options as a finance professional. The PGDF 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 curricula and focus on quantitative techniques, PGDF 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 4.30PM – 9.45PM) 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 which shall be provided face-to-face for strengthening their conceptual understanding. In addition, the program encourages for systematic peer learning opportunities through flexible interactive sessions.

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, for a total of 84 credits equivalent to 840 hours of course work and 60 hours of Summer Internship(virtual), thus a total of 900 hours of coursework. Additionally, the program also includes 10 Tutorial hours per course (total of 320 hours for the program) which shall be provided to students face-to-face 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 (45 Credits)
XOL PGDF Year 1 Courses (45 Credits)

Note: Year 1 courses are of 3-credits each equivalent to 30 lecture hours.

Summer Internship :

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 2023.

Year 2 Courses (39 Credits)
XOL PGDF Year 2 Courses (39 Credits)

Note: Year 2 courses are of 2-credits each equivalent to 20 lecture hours, except Finance in Practice which is 4-credits equivalent to 40 hours. The Capstone project is of 3-credits,requiring students to submit a written report under the guidance of faculty.


Career Advantage

The PGDF is a specialised program that prepares students in a wide range of finance courses with industry focus. Enrolled students will have opportunities of availing career guidance from faculty and Placement Office, including connecting with XLRI's global alumni network. Besides, the regular speaker sessions involving senior corporate executives will give students opportunities for interactions. Ultimately of course your job prospect would depend on the skills and expertise you gain in the specialised courses and the engaging relationships you develop during the program.

PGDF 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.

  • PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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
  • PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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
  • PGDF 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 Securities

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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
  • PGDF 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

    PGDF 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

    PGDF 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.

    PGDF 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

    PGDF 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

    PGDF 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
  • PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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
  • PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

    PGDF 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

PGDF 2266: 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.

XOL Faculty

The program is taught by experienced fulltime faculty of XLRI - Xavier School of Management, select faculty from overseas as well as experienced industry professionals.

PGDF 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 two mandatory campus immersion programs 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 any two scholarships for women candidate, ST/SC candidate and Tier II &Tier III location.

Category Amount
Women candidate Rs 50,000/-
ST/SC candidate Rs 50,000/-
Tier II & Tier III* Rs 50,000/-

* *Candidates who have completed their 10th, 12th and Graduation degrees from institutions located in Tier II/III towns are eligible.

Top five performers are 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.
  • Those completing their final examination and obtaining certificates for final completion by October 30, 2022, may also apply.
  • Candidates with relevant work experience shall be given preference.

Award of Diploma

Participants shall be awarded the “Post Graduate Diploma in Finance (Online)” upon successfully meeting the academic requirements of the program as set by the Academic Council of XLRI Jamshedpur.

About Program/Admissions/Tests/Eligibility

  • 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), it could be accepted as a master’s degree equivalent 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.
    • Those completing their final examination and obtaining certificates for final completion by October 30, 2022, may also apply.
    • Candidates with relevant work experience shall be given preference.
  • Yes. Candidates with professional qualifications such as CA/ICWAI/CS are encouraged to apply.

  • Yes, provided the applicant has an aspiration to have a career in finance.

  • 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.

    • 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.
  • No. It is not a must. Though candidates with relevant work experience shall be given preference.

  • Candidates shall be admitted through a two-step process, with the following scoring:

    Step 1 (Shortlisting):

    Profile scoring Weightage
    Academic performance25%
    Candidate’s suitability for the Program 10%
    Relevant work experience 10%
    Gender /Academic/Geographic diversity5% Each

    Step 2(Personal Interview):

    (Personal interviews will be conducted online)40%
  • 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.

  • 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.

  • 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.

  • The PGDF program is delivered online with a one-week in-campus module at XLRI Jamshedpur at start and a week immersion module in Mumbai in the beginning of the second year for gaining practical insights from the financial sector. The weeklong Mumbai immersion program offers a learning opportunity visiting institutions such as exchanges and depositories for interactions as well as lectures from senior finance professionals

  • 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.

  • 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

  • The 2-year Post Graduate Diploma in Finance (PGDF) is a master level program which aims at providing a holistic understanding of the essential concepts, tools, techniques, and practice of finance. The PGDF 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 2-year Post Graduate Diploma in Finance (PGDF) is recognized as a PGDM by the AICTE in India.

    • Designed exclusively in finance domain after extensive industry consultations
    • Uniquely designed curriculum with conceptual rigor 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 one-week residency at XLRI Jamshedpur Campus
    • One-week immersion program at Mumbai with interactions with practitioners
    • Courses delivered by XLRI full time 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 online and data sources
    • Being part of the XLRI’s wider Alumni networks
  • The PGDF 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, 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.
  • XLRI PGDF Program is mapped to the CFA Curriculum, thereby helps participants in advancing their career options as a finance professional. The PGDF program covers at least 70% of the CFA syllabus.

    Given the comprehensive curricula and focus on quantitative techniques, PGDF program also provides opportunities to pursue other certifications such as Certified Financial Planner (CFP) and Financial Risk Manager (FRM).

  • The PGDF 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

About Fee Structure, Scholarships & Bank Loan Assistance:

  • 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 and library resources, but exclude the cost of XLRI Jamshedpur campus visit and for the immersion program at Mumbai. Students will have to bear their travel and related expenses for the XLRI Campus visit and the Mumbai immersion program.

  • To ensure diversity of the participants, the following scholarships amount shall be adjusted from the total fees. A candidate can avail any two scholarships for women candidate, ST/SC candidate and Tier II &Tier III location.

    Category Fees
    Women candidate Rs 50,000/-
    ST/SC candidate Rs 50,000/-
    Tier II & Tier III* Rs 50,000/-

    *Candidates who have completed their 10th, 12th and Graduation degrees from institutions located in Tier II/III towns are eligible.

    Top five performers are eligible for academic scholarship of Rs. 50,000/- at the end of first year.

  • Banks offer education loan facility for the participants of the programs offered by XLRI. Therefore, the participants could contact the SBI XLRI Branch for availing the education loan assistance. The participants may also contact any other bank in their place of residence for the education loan facility as Banks offer the same to the participants under the priority sector lending norms.

Award of Diploma

How to Apply

Candidates can apply online by visiting XLRI XOL website xol.xlri.edu/pgdf.

Since selection is made on a rolling basis, candidates are encouraged to apply early as there are limited number seats in the program.

For Further Queries

Phone +91-657-6653239/ 3241

Email pgdf.xol@xlri.ac.in

Admission Closed for 2022-24 Bank Loan facility available
Download Brochure

Important Dates

  • Admission 2022-24 Closed on: 11th July, 2022
  • Classes commence: 24th July, 2022

Admission Criteria

Candidates shall be admitted through a two-step process, Step 1 (Shortlisting): Step 2(Personal Interview)


For more info, Download the Brochure

Program Directors

Dr HK Pradhan

Professor of Finance & Economics,
XLRI - Xavier School of Managent

Best Research Paper Award, 6th Annual Capital Markets Conference, UTI Institute of Capital Markets, Mumbai. USA Fulbright Post Doctoral Fellowship 1999. UGC Research Fellowship for MPhil at GIPE Pune. National Merit Scholarship at UG & PG studies


Dr N Sivasankaran

Professor of Finance,
XLRI - Xavier School of Managent

Dr.N.Sivasankaran is an Assicate Professor of Finance at XLRI. He has 20 years of teaching experience ( includes two years at IIM Shillong & 7 years at IIM Ranchi). He teaches Management Accounting 1, Management Accounting 2, Corporate Finance 2, Business Valuation, Financial Analysis and Planning, Fundamental Analysis and working capital theory. He has published his research papers in international journals. He is a memeber in the Editorial Advisory Board of the International Journal of Productivity and Performance Management (ABDC and Scopus Listed).

Contact us