PGDBM(FM) course offered by the National Institute of Financial Management, Faridabad, Haryana.

The National Institute of Financial Management (NIFM), Faridabad, in the state of Haryana in India, an Autonomous Institute of the Ministry of Finance, Govt. of India (GoI), was set up in the year 1993. It has since blossomed into a 'Centre of Excellence' in the area of Financial Management, Accounting, Auditing, Consultancy, Infomration Technology (IT) and other related disciplines. It has excellent infrastructure for high quality education, training and other related activities. NIFM is a centre of excellence in the areas of Financial Management and related disciplines 'not only in India but also in Asia'.

In keeping with the unique position occupied by NIFM as an Institute of national importance, the Hon'ble Finance Minister expressed a view it should conduct its programmes to the highest standards of excellence. In respect of its Post Graduate Management Programme, therefore, the Institute has successfully interacted with the All Indian Council of Technical Education (AICTE), and has been granted recognition for a Post Graduate Diploma in Business Management (Financial Management) i.e. PGDBM(FM), that will have the same status as similar degrees awarded by stand alone institutions such as IIMs, etc.  A detailed brochure on the programme can be got from:

The Education Section,

High Commission of India,

No. 2, Jalan Taman Duta,

Off Jalan Duta, 50480 Kuala Lumpur

Telefax: 03-2092 2339

Tel: 03-2093 3510 ext. 410

Email: edu.hcikl@gmail.com

One of the primary objectives of the GoI in establishing this Institute was to professionalize 'Financial Management in the Govt. Sector' by providing high quality training and education to finance managers of both Central and State Govts. as well as Foreign Govts. Towards this objective the Institute has designed a unique and comprehensive course structure for serving officers/managers in Govt., Public Sector Units (PSUs), Banks, Financial Institutions, Ports and other such Govt. supported Institutions. This 2-year full time PGDBM(FM) course includes all key ingredients in the decision making process such as Commercial Accounting, Govt. Accounting, Financial Policy Formulation, Project Management, Financial Decision Making & Management Information System (MIS), Marketing, IT, and legal provisions, etc.

The next PGDBM(FM) which is scheduled for 2009-11, will commence in May 2009. The course fee for foreign participants is USD15,000/-, which includes accomodation in NIFM hostel, branded laptop with the latest specifications, tutition fee, study material and institutional charges for various attachments. The Daily Allowance (DA) charges would be borne by the sponsoring organisation.

Eligibility: Officers at middle/senior level working with the Central or State Govts. All participants must have completed Graduation or a degree equivalent thereto. Minimum percentage of marks at Graduation should be 50%.

The last date for receiving nominations by the Institute is 20 February 2009 in the case of foreigners. The foreign sponsor Govts. may remit/deposit the fee till 30 April 2009, once the admission is granted to their sponsored candidates.