DFM (Diploma in Financial Management)

Last Updated on July 30, 2023 by Vishnu Nambiar

Hi readers! In this post, we will deal with a Diploma certificate program related to the field of finance management. Here, we will have an in-depth analysis of Diploma in Financial Management course.

This course is popularly known as DFM course. It is an ideal diploma program for 12th pass students who want to go for financial management training. You may also check – commerce courses after 12th.

As promised, we will have an in-depth analysis of DFM course in this post. Here, I’ve covered all the important details that you need to know about this course. Here, you will find the following details – duration, eligibility criteria, scope, fees, colleges, admission process, syllabus and career prospects.

Here is a quick overview of the training program –

It is a diploma certificate course. Students who have passed 12th standard from a recognized board are eligible to pursue this course.

What is Diploma in Financial Management course all about? What is it like to pursue this course? What is the course content like? Will I get a good job after completing this course? You will find answers to these questions in the next section. Here it is –

DFM (Diploma in Financial Management): An Introduction

As the name suggests, this is a Diploma certificate program. It is evident from the name of the course that this diploma program deals with finance management and its allied areas.

Candidates who have passed 12th standard with any set of subjects are eligible to apply for DFM admission. The main aim of this course is to develop a skilled workforce of entry level finance management professionals in India.

Finance management is a popular choice among Indian students. MBA in Finance Management, PG Diploma in Finance Management, BBA in Finance Management, Master of Finance Management – these are some of the popular finance management courses in India.

The courses mentioned above belong to UG and PG academic levels. DFM, on the other hand, is an entry level finance management course. It doesn’t come attached with a fancy Degree like – Bachelor’s Degree, Master’s Degree or PG Degree!

DFM is a (relatively) short-term finance management training program for 12th pass students. If a candidate wants to enter the field of finance management right after 12th, DFM course will be of help to him/her.

Unlike Bachelor’s and Master’s Degree programs, DFM course can be wrapped up in (relatively) short amount of time! But I must also add that Bachelor’s and Master’s Degree programs are much more valued than DFM course.

As I mentioned before, this course deals with finance management and its allied areas. Let us take a closer look at this domain. What is finance management all about, you may ask. Find the answer to this question in the next section –

In simple terms, finance management involves planning, procuring and controlling a firm’s/organization’s financial resources.

For businesses and organizations, financial management is a very important task. They usually hire a dedicated team for financial management. A company’s/organization’s financial resources is managed by this team.

Let us take a closer look at the course details. In the next section, you will find the following details – duration, eligibility criteria, colleges, scope, admission process, fees and more.

Course details

Type of course

It is a Diploma certificate course.

Duration

The course is one year long.

Eligibility criteria

Minimum educational qualification required to pursue this course is – completed 12th standard from a recognized board.

Colleges

Here are some of the popular colleges offering this course in India –

• Dr Babasaheb Ambedkar Open University
• NMIMS
• NIFM
• MSU
• GU

Admission process

Reputed institutes select deserving candidates through selection tests or interviews. Deserving candidates are selected on the basis of their performance in the test or interview. Some colleges are also known to carry out donation based and direct admission process.

Fees

Course fees depends upon factors such as – type of training institute, scholarship status of the candidate and course duration. Govt institutes charge 1-5K INR for this training program. Private institutes may charge anywhere between 10-50K INR for this course.

You may also check – BBA in Finance

Syllabus

Here are some of the popular subjects present in the curriculum –

• Corporate finance
• Financial accounting
• Marketing management
• Organizational behaviour
• Business economics
• Corporate finance
• Business law
• Taxation
• Computer and IT application

Career prospects

As I mentioned before, DFM is an entry level finance management course. This course won’t help you get a job that requires an MBA or an advanced finance Degree! But this job can help you get finance management jobs in relatively smaller setups (small and medium scale businesses) as well as entry level jobs in bigger setups.

DFM professionals are usually hired by business firms, accounting firms, financial institutes (banks, insurance firms etc), industrial houses etc. One may even start his/her finance management consultancy after completing this course.

Vishnu Nambiar

I am Vishnu Nambiar a career and educational blogger from India. I am also a full time educational consultant having more than 12 years of experience in the educational sector.

I share articles related to courses, colleges, careers, exam tips and more here.