FAQs-PGDM

[toggle title=”1. What is BFSI? “]

Ans:Banking, Financial services and Insurance (BFSI) is an industry term for companies that provide a range of such financial products/services such as universal banks. BFSI usually comprises commercial banks, insurance companies, non-banking financial companies, cooperatives, pension’s funds, mutual funds and other smaller financial entities.
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[toggle title=”2.Why should I consider a Banking & Finance Career?“]

Ans: Banking and Financial Services careers include a variety of banking and money management services such as saving, investing and retirement plans. Careers in banking and financial services range from customer service banking and sales positions, financial advisers and analyst positions. They typically work in commercial banks, mortgage companies, savings and loan establishments and credit unions. Government agencies and companies also require financial services professionals to manage their portfolios and statements.[/toggle]
[toggle title=”3. What Skill set do I need for Banking & Finance career?“]

Ans: A career in a banking institution or finance firm requires a student to be bright. To be specific, an intellectual thinker who has the ability to grasp new concepts quickly, whether it is a task, managing a project or assimilating data is the preferable choice of every recruiter. Individuals, who possess strong learning agility, can easily thrive in demanding and challenging situations, which are common occurrences in these sectors. For these types of learning in banking, ICoFP’s super specialized program PGDBF would help.[/toggle]
[toggle title=”4. Why has ICoFP launched a dual certification with PGDM?“]

Ans: 
The incremental human source requirement between 2008 and 2022 is expected to be about 4.2 million. In India, one in every three graduate’s up to the age of 29 is unemployed for want of specialized knowledge. Considering the growth and the human source requirement in the BFSI industry, International College of Financial Planning is trying to bridge this HUGE gap through its super specialized programme in Banking and Finance. This step is a reflection of ICoFP’s commitment towards achievement of internationally acceptable education benchmarks.
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[toggle title=”5. Who are the teaching faculty members?“]

Ans: Bankers having more than ten years’ experience in banking area and Banking Faculty, Sales Trainer, Soft Skills Trainer.
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[toggle title=”6. What is the difference between general MBA vs PGDBF? “]

Ans: PGDM expands to Post Graduate Diploma in Management, the confusion starts when you see the term Diploma. Many students are of the view that it is a Diploma course and not a Degree; you are right to an extent that it is a Diploma. The main reason why postgraduate courses are named as PGDM is because when an Institute is an autonomous body (meaning it is not affiliated to any University) and conducts management courses then such Institutes cannot offer MBA degree. Even IIMs, XLRI’s doesn’t offer MBA degrees they only give PGP Diploma or PGDM since they are autonomous and independent bodies. On similar lines AICTE (All India Council for Technical Education) is allowing approved colleges to run a PGDM course. Some Business Schools offering this AICTE PGDM course need not be autonomous, the PGDM course will be autonomous given by the Institute & directly approved by AICTE, Ministry of HRD, Govt of India. Just like how UGC – University Grants Commission controls the Universities in India, AICTE – All India Council for Technical Education has control on both technical and management courses and especially colleges not under Universities. Even colleges offering UGC recognized MBA Programmes in most cases should have AICTE approval.[/toggle]
[toggle title=”7. What portion of the Banking & Finance curriculum is covered in the PGDBF ?“]
Ans: The Banking & Financial Services industry has become one of the most growth-oriented & vibrant industries in recent times. With the continued growth and emergence of public and private sector banks, the need for qualified, trained & skilled manpower is on the rise. The PGDBF program is exclusively made for graduates interested to make a career in Banking & Financial Services .It aims to bridge the gap between industry requirements and skill sets of graduates. It is designed as a contemporary, rigorous, innovative and practical course that aims to infuse the participants with the relevant banking knowledge and skills to enable them to become Day Zero Ready Professionals in the organization.
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[toggle title=”8.What are the employment opportunities after PGDM & PGDBF?“]

Ans: 
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[toggle title=”9. Will a student get an internship opportunity from the placement cell of college?“]
Ans: Yes, a student gets an internship opportunity from the placement cell of college in various banks.[/toggle]