TGBS Logo low
ISO 21001 : 2018 Certified
Latest Updates
  • Admissions Enquiry open for the Post Graduate Diploma in Management (PGDM) Program for the Academic Year 2023 - 2024.
  • Click here to Apply Online for Academic Year 2023-2024

PGDM in Finance – The Emerging Power of Data Analytics in Finance

In today’s world, data is everything, and everything is data. And in recent years, data has become the lifeblood of the finance industry. Financial institutions, from banks to investment firms, are leveraging data analytics to make better decisions, manage risk, and identify new opportunities. 

With the advent of big data and advanced analytics techniques, financial institutions can analyse vast amounts of data in real-time, enabling them to make more informed decisions and gain a competitive edge. 

This transformation is driving a high demand for professionals with skills in data collection, analysis, and interpretation. One such programme that equips students with these skills is the Post-Graduate Diploma in Management (PGDM) in Finance. 

In this blog, we will discuss how data analytics is revolutionising the finance industry and how the PGDM in Finance programme prepares students to excel in this data-driven environment. 

The Power of Data in Finance 

The finance industry has been making significant strides towards digitalisation with the help of data analytics. This has helped the industry diminish the chances of human errors and transformed how people make business-related decisions. Financial analysts can integrate various Machine Learning (ML) and Data Science tools with this to achieve even more precision in their results and make this technology more reliable when making important decisions. 

Data analytics has revolutionised the finance sector by reducing the component of human error in daily financial transactions. It enables finance executives to turn structured or unstructured data into insights that promote better decision-making. Moreover, data analytics helps finance teams gather the information needed to gain a clear view of key performance indicators (KPIs), such as revenue generated, net income, payroll costs, etc. This allows finance teams to scrutinise and comprehend vital metrics and detect fraud in revenue turnover. 

The Rise of Data Analytics in Finance 

Data analytics has been a game-changer in the finance industry. It has not only helped businesses understand current market trends but also enabled the transformation of businesses by foreseeing possible negative consequences of strategies. This is the power of data, and every organisation possesses it. Businesses have started using data analytics to drive profitability, improve efficiency, and lower costs. The finance industry, which deals with confidential and sensitive information, has found data analytics to be crucial. 

Evolution and Growth of Data Analytics 

The evolution of data analytics in finance has been significant. The research found by Christian Westermann, John Fildes, Thomas Olsen, and Claudio Sorgente states that the financial data and analytics market globally had a compound annual growth rate of 6.5% from 2017 through 2020 when it reached roughly $35 billion. It is expected to grow by 5% to 7% annually through 2030. With an estimated compound annual growth rate of 10% to 20%, alternative data like carbon, mortgage, or environmental, social, and governance (ESG) data are contributing more and more to this growth. 

Case Studies of Successful Data-Driven Decision Making 

There are numerous examples of successful data-driven decision-making in the finance industry. For instance, Bose developed an assumption-to-knowledge ratio that forces teams to weigh new information against key assumptions. This approach has helped Bose make good, data-driven decisions. 

Another example is Google, which has created its place at the centre of the investment banks as it ensures better returns more deliberately. Google uses data analysis tools to detect situations where there is a higher probability of defaulting on loans, which gives them the ability to take early action before things get uncontrollable. 

PGDM in Finance: A Gateway to the World of Finance Data Analytics 

A Post-Graduate Diploma in Management (PGDM) in Finance is a specialised course that combines the nuances of finance and management. This course equips students with a broader understanding of the finance sector, such as financial markets, taxation, working capital management, mergers and acquisitions, and international finance. It is a diploma-level course where students can opt for a finance specialisation and other PGDM specialisations in business intelligence, marketing, and human resources. 

How a PGDM in Finance Prepares Students for a Career in Finance Data Analytics 

A PGDM in Finance prepares students for a career in finance data analytics by developing skills such as customer engagement, project management, leadership, and effective communication. It enhances their professional development and gives them the chance to work together with leaders and specialists in the field. Additionally, students can broaden their knowledge across a variety of business domains, verticals, and sectors and help businesses succeed by achieving both short- and long-term objectives. 

With the aid of business intelligence (BI) tools, the course teaches students how to collect and analyse data. The primary aim of this specialisation is to help them learn ways to derive meaningful insights from data for business planning and forecasting. This data-driven approach can lead to better business outcomes and a sustainable competitive advantage. 

The Value of a PGDM Degree 

The value of a PGDM degree cannot be overstated. It enhances career prospects in finance by equipping students with a deeper knowledge of cost analysis, making balance sheets, minimising costs, and maximising revenues. Moreover, a PGDM in finance is not just about making money; it’s about achieving deep goals, protecting the fruits of labour, and, therefore, achieving a good society. 

Choosing the Right College of Management Studies 

Choosing the right college for a PGDM is a crucial decision that can significantly impact your career. The right college will ensure you get a quality education, industry exposure, and placement in a reputed company where you will get a good salary and lots of experience. Therefore, it’s important to consider several factors when making this decision. 

Factors to Consider While Choosing a College 

  1. Course and its Accreditation: To ensure a successful career, prioritise your desired course and avoid pursuing a college solely for ranking purposes. Instead, prioritise your desired course and make it the first criterion on your checklist.
  2. Cost: The cost of a course, including tuition fees and scholarships, is a crucial factor to consider. Institutions often offer financial assistance to students to ensure they can afford a quality education. 
  3. Location of College: College location is a significant factor for students, with some preferring proximity to home and others seeking better options, and the city of the college should also be considered. 
  4. College, Campus Size, and Course Rank: College and campus size options vary greatly, from institutions accepting fewer students to colleges with thousands of candidates. 
  5. Rankings and Acknowledgements: Rankings and recognition are essential for evaluating the quality of a business management institute, using accreditations like NBA, EQUIS, and AMBA as benchmarks. 

Why Choose Us/Thakur Global Business School for PGDM in Finance 

At Thakur Global Business School, we offer a comprehensive PGDM programme in finance that is designed to provide students with a strong foundation in the finance sector. 

Following are a few of the many reasons why you should choose TGBS for PGDM in Finance: 

  • TGBS offers a comprehensive understanding of management principles and practices, including marketing, finance, human resources, and operations, developed by industry experts and regularly updated to meet industry standards. 
  • TGBS boasts world-class infrastructure, including advanced classrooms, computer labs, libraries, study skill centres, consciousness labs, entrepreneurship centres, and business incubators, all Wi-Fi-enabled and accommodating differently-abled individuals. 
  • TGBS offers an innovative teaching and learning process focusing on managerial skill building and personality development, enhancing employability and entrepreneurial opportunities, with the TGBS Tool Kit providing curated management education. 
  • TGBS boasts a robust placement cell, with over 500+ recruiters visiting annually, and offers comprehensive training to enhance students’ employability skills. 
  • TGBS collaborates with international institutions in New Zealand, Canada, Singapore, and India, offering students global management education, internships, and exchange programmes. 
  • TGBS has been recognised as one of the ‘ET Best Education Brands 2023’ by The Economic Times, honoured for its excellence in Management Studies Western Mumbai, and certified as an ISO 21001:2018 Institute. 

Conclusion

Data analytics is playing an increasingly important role in the finance industry. It helps financial institutions turn massive amounts of unstructured customer and transaction data into valuable insights. These insights help businesses comprehend numerous important commercial facets. Robust corporate fraud management solutions are also necessary in this market to protect brands and maintain business operations. 

A Post-Graduate Diploma in Management (PGDM) in Finance is a highly coveted qualification for students who want to build a career in the finance sector. The program equips students with the information and abilities needed to oversee a company’s financial operations, as required by the industry. Since the financial sector is essential to all businesses, there is a steady need for qualified financial professionals. In particular, postgraduate business administration graduates from India’s top management schools are highly sought after. 

Leave a Reply

Your email address will not be published. Required fields are marked *

ABOUT AUTHOR
TGBS Mumbai

Thakur Global Business School (TGBS), managed by Zagdu Singh Charitable Trust (ZCT) offers Post Graduate Diploma in Management (PGDM). PGDM is TGBS’s 2-year flagship program approved by AICTE, DTE & Govt. of Maharashtra.

Our gallery

PGDM BATCH 2024 -26

ENQUIRE NOW
About

Dr.Nilesh Gokhale is the Director(I/C) and a Professor of Marketing with a total experience of 22 years spread across Academics, industry and Research.

An Engineering graduate himself, Dr. Gokhale is an MBA and holds a Doctorate in Marketing from Pune University. Dr. Gokhale has authored 3 textbooks and published several research papers in national and international journals of repute indexed in SCOPUS and Web of Science. His areas of interest include Brand Management and Consumer Behaviour. Dr. Gokhale is a Ph.D guide and is also on the Board of studies of reputed institutions. He has conducted corporate training programs and has also worked as a Brand consultant.

About

Dr. Shuchi Gautam is working as Deputy Director and Professor of Finance at Thakur Global Business School. She is a qualified Chartered Accountant with a master’s and a bachelor’s degree in Commerce. She holds a doctorate degree in Financial Management from Savitribai Phule Pune University. Her Ph.D. research concentrated on Mergers and acquisition deals of selected pharmaceutical companies. She has a total experience of 18 years in academia and industry

Her research passion is focused on topics that include Corporate Restructuring, Mergers & Acquisitions, Financial Planning, and Financial Markets. Her research expertise is reflected through a series of publications in financial, and business-related reputed journals.

She has contributed articles to premier business publications and has also presented her intellectual contributions at various national and international conferences.

She has received Distinguished Service awards from AIMS International for her significant contribution towards management education.

She has pursued several Management Development Programmes and training in areas of Finance for Non-Finance, Financial Planning, and Retirement Planning.

About

Prof. Kinjal Manani is a faculty in the area of Finance. She has done her MBA in Finance She has more than 8 years of experience in academics and industry. Her area of interest and expertise is Financial Markets, Security Analysis, Portfolio Management, Investment Decisions etc. She has taught courses in PGDM Finance such as Security Analysis and Portfolio Management along with Financial Markets and Investment Oriented Courses and She has published research papers in 5 journals of repute. Her industry experience is in the field of Corporate evaluation and rating as a Business Analyst.

About

Prof. Jaideep Dasgupta is a faculty in the area of Finance. He is an MBA(full-time) from NMIMS (Mumbai) and is currently pursuing his Ph.D. from XLRI Jamshedpur. He has 5+ years of experience in the banking industry with reputed banks such as ICICI Bank and HDFC Bank in core finance profiles related to financial modeling, credit appraisal, new client acquisition and digital banking. He has 3.5+ years of experience in the field of academics. His area of interest is in Financial Technology (FinTech), Educational Technology (EdTech), Data Analytics, Financial Modelling, Wholesale and Retail Banking. He has taught courses for PGDM related to Project Finance, Wholesale Banking, Retail Banking, Financial Technology, Python Programming, Financial Markets, Institutions and Services and Business, Financial and Economic Analysis.

About

Prof. Gayatri Ravi Magi is a faculty in the area of Finance. She is an MBA and specialized in Finance Domain. She has more than 4 years of experience in academics and industry. Her area of interest and expertise is Soft Skills and Statistics. She has taught courses in Business Communication, Economics , Statistics and Research Methods. She has published research papers and book reviews in 2 journals of repute. Her industry experience has been as Financial Analyst with Insync Analytics and Trading Operations Analyst with Indian Clearing Corporation Limited (Subsidiary of Bombay Stock Exchange).

About

Prof. Darshana Pednekar is a faculty in the area of Finance. She is a CMA (Cost and Management Accountant). Also have done PGDM and GDCA. She has more than 11 years of experience in academics. Her area of interest and expertise is Financial Accounts and Financial markets. She has taught courses in PGDM. She has published research papers and book reviews in 2 journals of repute.

About

Dr.Stuti Sahni is a faculty in the area of Marketing She is an MBA with a Ph.D. in Marketing . She has more than 11 years of experience in academics and industry. Her area of interest and expertise are Marketing Management, Integrated Marketing Communication and Legal Aspects of Business. She has taught courses to MBA and PGDM students. She has published 15 research in journals of repute and also has published 2 books in areas of Tourism Marketing and Management

About

Prof. Bhushan Padval is a faculty in the area of Marketing. He has completed MMS in Marketing from University of Mumbai and is UGC-NET qualified. He has more than 16 years of experience in academics and industry.

His area of interest and expertise is Marketing in general and Product & Brand Management in particular. He also has a special liking for Economics and Current Affairs. He has published research papers in ABDC and other journals of repute. His industry experience is in Electronics, Telecom & IT sector.

About

Prof. Ajit Mahendra Maurya is a faculty in the area of Operations and Supply Chain Management. He is an MBA/PGDM pursuing a Ph.D. in Operations and Supply Chain Management. He has more than 7 years of experience in academics and industry.

His areas of interest and expertise are Operations, Supply chain management, and Analytics. He has taught courses like Logistics and Supply Chain Management, Advanced Supply Chain Management, Enterprise Resource Planning, Total Quality Management, Operations Management, and Current Affairs Analysis. He has published research papers and books in the Journal of Management and Entrepreneurship (XIME), and Innovision-NL Dalmia, journals of repute. His industry experience is in the fields of Oil and Gas sector as a design engineer and as a research associate in the market research fields of chemicals and materials.

About

Dr. Shiny Colaco is a faculty in the area of Human Resource Management. She is an MBA in Human Resources with a Ph.D. in Human Resources. She has more than 6 years of experience in academics and industry. Her area of interest and expertise is Human Resource planning, Learning & Development. She has taught courses across PGDM which includes HR specialization and other domains. She has published research papers and book reviews in 7 journals of repute.

About

Prof. Ritu Kashyap , is a faculty in the area of Marketing. She is an MBA from Nagpur University She is currently pursuing her Ph.D. She has more than 20 Years of experience in academics and industry.

Her area of interest and expertise is Marketing & HR. She has taught courses BMS & BAF in Mumbai University, with subjects in Marketing & HR. She has published research papers in 15 journals of repute. Her industry experience is in the Marketing & administration of various Banks Profile & Network companies, like Vodafone, Citi, GE Countrywide, IDFC first, SBI etc.

About

Prof. Surabhi Gawade is a faculty in the area of Finance. She has done her Master of Commerce from Mumbai University and has completed her MBA in Finance and is also an Inter-CA. She is currently pursuing her Ph.D. in the Management under University of Mumbai. She has more than 6 years of experience in academics and industry. Her area of interest and expertise is Financial Accounting, Financial Market, Financial Literacy and Financial Management along with a keen research interest in the field of Sustainable Development Goals and ESG Investing. She has taught a variety of courses to students of Finance and other domains. She has published a wide range of research papers in the field of finance and has also participated as a paper presenter at various national and international research conferences. With her demonstrated experience in the field of finance, she is a unique blend of leadership, management and public speaking skills with an optimistic and goal-oriented approach towards work.

About

Prof. Anuja Roy is a faculty in the area of Marketing & is a Soft Skill Trainer. She has done her PGDM in marketing and is a certified NLP Trainer. She has more than 20 years of experience in academics and industry. Her area of interest is soft skills. She has taught courses in marketing and grooms' students towards Corporate Readiness. She has published research papers in journals of repute and has presented Case studies in International Conferences. She has conducted more than 250 workshops in the area of Etiquette & Grooming. Her industry experience is 12 plus years.

About

Prof. Jonita D'costa is a faculty in the area of Finance. She has done her B.Sc. in Statistics from St. Xavier's College, Mumbai and has completed her MMS in Finance. She is currently pursuing her Ph.D. in Finance. She has more than 3.5 years of experience in academics and industry.

Her area of interest and expertise is Financial Planning, Wealth Management and Business Statistics. She has taught courses to both MMS and PGDM students of Finance and other domains. She has published research papers and book reviews in ABDC, Scopus indexed and UGC Care journals of repute. Her industry experience is in the Wealth Management space with a more focused exposure to Financial Advisory.

About

Prof. Prateek Shrivastava is a faculty in the area of Operations He has done his B.E in IT and has completed his MMS in Operations he is currently pursuing his Ph.D. in Applied Management Sciences.. He has more than 10 years of experience in academics and industry.

His area of interest and expertise is Operations, logistics, and the adoption of technology in the supply chain. He has published research papers and book reviews in around 3 journals of repute. His industry experience is in the services Industry - with a more focused exposure to service operations.

About

Dr. Divya Jain is a faculty in the area of Human Resources.She is an MBA (DAVV) & Dip. in T&D (ISTD) with a Ph.D. in Management. She has more than 12 years of experience in academics and industry. Her areas of interest and expertise is Organizational behaviour, Emotional Intelligence, Trends in HR. She has taught courses HR Metrics & Analytics, Learning & Development, HRM, Competency & Performance Management, Organizational Behaviour & Business Communication to mention a few. She has published research papers and book reviews in 5 journals of repute. She is presently working on the book "Learning & Development". Her industry experience is in the area of Talent Acquisition & HR Operations.