International College of Financial Planning (ICoFP) offers Post Graduate Diploma in Financial Services Management (PGDFM), a super specialized course in the field of financial services management. It was observed that there is a gap between the manpower requirements of the BFSI industry and available work-force of professionals. Management of financial Services requires unique skill set to meet the demands of constantly changing macro & micro environment and deep understanding of Banking, insurance & other financial services which is not provided by the general management (finance) courses. PGDFM course is designed to bridge this gap and ensure the supply the skilled professionals who will be torchbearers in the field of financial services management.
PGDFM curriculum is exhaustive in nature and covers full umbrella of financial products and services like Banking, Insurance, Mutual Fund, Investment Advisory, Financial Advisory Services, Equity Advisory, Fixed Income Products & Derivatives etc. The methodology of the teaching-learning process has been carefully designed with some of the distinctive elements of the methodologies like Case-Studies, Project-Work, Role-Plays, and Collaborative Group activities. This unique process not only makes learning effective and ensures retention, but also develops essential professional attitudes like problem-solving, effective communication, self-learning, team work and deadline orientation.
This intensive learning ensures the enhanced career and employment opportunities with Financial Services companies indulged in the field of financial Planning, Wealth Management, Banks, AMCs, credit rating firms, Portfolio Management, KPOs, data mining firms, National & Regional Distributors, Insurance Companies, Brokerages etc.
Gap Analysis: Growing Financial Services Industry & lack of relevant professional
India is one of the fastest growing economies in the world with more than 50% of the country’s GDP coming from service sector. The economic environment is dynamic and constantly changing. Financial service sector has grown at a rate of 21% in the recent past. The country is projected to become the fifth largest banking sector globally by 2020, as per a joint report by KPMG-Confederation of Indian Industry (CII). Life Insurance Council, the industry body of life insurers in the country also projects a CAGR of 12–15 per cent over the next few years for the financial services segment.
There is an increasing requirement for competent professionals in the fast-growing field of financial services. The requirements of financial services management are unique & super specialized which cannot be met by the general management (finance) professionals. There is need to know the nitty-gritties related to functioning of financial services sector which encompasses a wide range of diverse services like banking, mutual fund, insurance, brokerage, financial planning, equity advisory etc.
In order to bridge the above said gap and create a work force with relevant skill set and competency, PGDFM course is well positioned.