Arun Jaitley National Institute of Financial Management PGDM (Finance) program admissions 2021

Are you looking for admission to a Post Graduate Diploma course in Management in Finance? Arun Jaitley National Institute of Financial Management (AJNIFM), Faridabad has invited online applications from eligible candidates for admission to Post Graduate Diploma in Management (Finance) Programs. Please read this article to know the eligibility, application procedure and selection procedure.

About Institute

Arun Jaitley National Institute of Financial Management, a premier institute, was established as a registered society under the Ministry of Finance, Government of India in 1993. AJ-NIFM also provides training and fulfils the research requirements of the State Governments, Defence establishments, Banks and other Financial Institutions. The institute is engaged in research studies on finance, audits and accounts. The institute has released the official notification and is inviting applications from desirous candidates for admission in Post Graduate Diploma in Management (Finance)-2021-2023.

Why join this course?

The course will develop trained professionals in the financial sector so that they will get jobs in the private as well as government organisations like banks, assets management companies, mutual funds companies, stock exchange and commodity exchange etc. The PGDM (Finance) provides opportunities in such fields as back or front office operations, banking operations and credit analysis, credit rating & information, e-Learning & content development, equity analysis, financial journalism, portfolio management, teaching, wealth management etc.

Placement Facility

AJNIFM offers lots of placement opportunities. Institute is attached with some international agencies like Refinitiv, SGX, Citibank, PhilipsCapital and State Bank of India Singapore. SEBI, BSE, NSE Fimmda and Bloomberg are the domestic agencies attached to the institute. After completing the course from NIFM, the student may get placement opportunities in BSE, NCDEX, Kotak Securities, Hindware, Barclays, HDFC Bank, Futures First, Axis Bank, L&T Financial Services, SBI Mutual Fund, CRISIL etc.

Program Details

The Post Graduate Diploma in Management (Finance) program is a residential program approved by AICTE. It is a full-time program and the duration of the program is two years. Freshers as well as experienced/working candidates can join PGDM (Finance) who wish to make a career in the financial sector.

Course Fee: For private participants or corporate executives, the program fee is Rs.10,00,000/- (inclusive of taxes). The course fee includes the examination and certification fee, expenses for study material, research skill development through financial databases or software, hostel accommodation, domestic travel (AC 3 Tier) and international travel (Economy class), and tea or coffee during the program. However, mess, laundry and electricity consumption (power points for AC & heaters) are not included in this fee. The fee payment can be done by the candidates either in one go (lump sum) at the time of admission or in four installments. The instalment payment plan and the payment schedule is as follows:
1st Instalment: Rs.2,50,000/- (To be paid by July 29, 2021)
2nd Instalment: Rs.2,50,000/- (To be paid by December 31, 2021)
3rd Instalment: Rs.2,50,000/- (To be paid by June 30, 2022)
4th Instalment: Rs.2,50,000/- (To be paid by December 30, 2022)

For international participants, the program fee is US$ 25,000 to be paid on or before July 29, 2021.

The program fee of government-sponsored officers is reimbursed to AJ-NIFM by the Government of India as other Administrative Expenses.

Eligibility Criteria

In the case of private participants, they must hold a graduate degree from any recognized Indian university with a minimum of 50% in aggregate. The candidates with a professional qualification CA, CS, CWA, CFA, BE/BTech, etc. will be given preference. Candidates should also have qualified any all India Common Admission Tests i.e. CAT, XAT, CMAT, MAT or GMAT and have a valid scorecard. The candidates, those who are in the final year of graduation degree are also eligible to apply. Their admission will be provisional till the confirmation after submission of final year mark sheets.

In the case of government officers, they must have graduated with at least 50% marks. They are exempted from the requirement of Common Admission Tests. Further, officers at the middle/senior level working with the Central Government / Union Territories are eligible to apply for admission.
Age Limit: For private participants, the maximum age limit is 30 years and 45 years in the case of government-sponsored officers.

How to Apply

Candidates must visit the official website of AJNIFM and read the instructions given in the official advertisement carefully before applying. In the case of private candidates, they should apply through the prescribed application form available on the official website of NIFM. The application form must be printed and filled in, in all respects. The completed application form must be annexed with all the required documents such as resume, proof of educational and professional qualifications, and proof of application fee submitted and must be sent to the address mentioned here as under:
Arun Jaitley National Institute of Financial Management (AJ-NIFM),
Sector-48, Pali Road, Near Badkhal Lake,

Please note that on the top of the envelope you should mention "Application for PGDM (Finance), 2021-23". A scanned copy of this filled application form should also be sent to All documents must be self-attested, except the demand draft.

In the case of Sponsored candidates/Government Sponsored Officers, they will get direct admission to the full-time Post Graduate Diploma in Management (Finance). These candidates must also follow a similar process of application-form submission like that of private candidates. Sponsored candidates must attach the relieving letter from the organisation along with the other required documents.

Documents to be attached

  • Latest CV10th Mark sheet & Certificate
  • 12th Mark sheet & Certificate
  • Graduation Mark sheet & Certificate (Final year students must attach semester wise mark sheets along with the admit card of upcoming final year exams or letter from the Head or Dean of the college)
  • Copy of Score Card of valid CAT/ XAT/ CMAT/MAT/GMAT
  • Copy of Professional Qualification viz. CA, CS, CWA, CFA etc.
  • Demand Draft of Rs.1000/- as application fee

Application Fee

The application must be accompanied by an application fee and must be paid by the candidate. The application fee is Rs.1000/- (non-refundable). The application fee can be paid through Demand Draft made in favour of Accounts Officer, National Institute of Financial Management; payable at Faridabad. Candidates may also submit fees through online transfer. Bank details for online transfer are provided in the information brochure on the official website.

Selection Procedure

Selection for admission to the PGDM (Finance) programme will be made based on Group Discussion and Personal interviews. The only shortlisted candidate will be called for GD and a personal interview.

Key Dates

Last Date to Apply: July 17, 2021
Date of GD/Personal Interview (in Online or Offline mode): July 22, 2021
Announcement of Result: July 23, 2021
Commencement of Course: August 02, 2021

Contact Information

Arun Jaitley National Institute of Financial Management
Sector 48, Pali Road,
Faridabad 121 001 Haryana India
Phone: +91-129-2465444 +91-129-2465258 (Dial 95129 from Delhi and 0129 from other places in India)
Fax: +91-0129-2418867, +91-0129-2423593
Official website:
Official Advertisement:


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