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Post Graduate Diploma in Business Finance (PGDBF)
[Three year Post Graduate Distance Learning Program]
(Approved by AICTE)

The first three semesters provide the basics of the finance function along with other functional areas of management.

Advanced inputs of Finance are provided in fourth & fifth semester. In last semester the students get an opportunity to apply their knowledge in solving the real world problems faced by the industry.

To educate & develop necessary competence & skills in the effective management of business finance, with some of the latest techniques, methods, procedures and the latest financial innovations.

To reach those who either live or are posted in far flung areas of India and have no regular educational facilities.

To provide an opportunity of learning for those who cannot leave their present assignments to join course(s) of their interest on a regular basis due to their preoccupations in office, vocation or business but are seriously interested to learn the techniques of effective management of finance.

Graduation in any discipline from Indian or Foreign recognized university with minimum of 50% marks.

Candidates appearing in the final year Bachelor's examination are eligible to apply. Such Candidates, if selected ,will be given provisional admission subject to their clearing graduation. The certification of the same has to be submitted before 1st Semester exams.

Selection Criteria
Admission to IIF programs is very rigorous. The admission to distance learning program (DLP) is based on calculation of Grade Point Score (GPS). The Grades are given on the basis of candidates' past academic records, other achievements, work experience, professional growth positioning and personal interview for all category of candidates.

IIF follows a policy to admit some fresh graduates and also women candidates, even if their comparative GPS is relatively low but above the minimum cut off point. The admission policy of the Institute takes into consideration a candidate’s total background.

Admission is strictly on merit. Convassing in any form would disqualify a candidate for admission.

Semester Schedule

 Semester Beginning  
Ist May

Semester I, III, V
1st May - 30th October
Semester II, IV, VI
1st November - 30th April

  Semester Beginning
Ist November

Semester I, III, V
1st November - 30th April
Semester II, IV, VI
1st May - 30th October

Program Module

The first two semesters are designed to provide the basics of the finance function along wDLP Program Moduleith the other functional areas of management.

At the end of the first year the students are advised to undergo Summer/ Experiential training in industrial, business organizations and international agencies. The objective is basically to provide the students with real life exposure which they cannot gain from simple study. They get the opportunity to learn beyond the text by solving business problems and decision making during the training period.

Teaching Methodology & Study Package
IIF adopts a unique teaching methodology. IIF supplies study package containing high quality relevant text books/ IIF publications and study notes on each subject in the beginning of each semester. IIF mails a study plan mentioning the dates on which the additional communications and test set modules will be sent. IIF sends test questions containing - true/false questions, multiple choice questions, short answer questions, long answer questions and case studies, every fortnight, which may be attempted by a candidate and sent back to the IIF for evaluation. IIF returns the evaluated test questions to candidates. IIF sends the case studies for being attempted by candidates. The cases are representative of actual managerial problems which occur at various business environments. The case analysis method demands students to make decisions, develop, implementation of plans and explain, and defend their actions via discussions or written presentation. These studies develop the talent and confidence to face the real world problems. All the case studies after evaluation are returned back to the candidates.The candidate’s progress is monitored and feedback is obtained from time to time during the semester.

Course Structure
Year I
Semester I
Semester II
101 Accounting for Financial Analysis 105 Management Science
102 Organisational Behaviour 106 Business Environment & Ethics
103 Quantitative Techniques: Statistics & Econometrics 201 Organizational Development
104 Economics for Financial Analysis I: Micro Economics 202 An Introduction to Computers

Year II

Semester III

Semester IV

203 Economics for Financial Analysis II: Macro Economics 301 Business & Corporate Taxation II: Indirect Taxes
204 Managerial Accounting & Control 302 Security Analysis & Portfolio Management
205 Financial Management 303 Working Capital Management
206 Business & Corporate Taxation I: Direct Taxes 304 Indian Financial System

Year III

Semester V

Semester VI

305 Business Policy & Corporate Strategy   Elective I
306 MIS & Finance: Computer Applications    Elective II
401 International Finance 700 Project (equivalent to two courses)
402 Corporate Tax Planning & Management . .
403 Management of Financial Institutions
404 Project Appraisal, Planning & Control
405 Financial Planning
406 Financial Management of Public Sector Enterprises
407 Project Management & Investment Decisions
408 Budgeting & Budgetary Control
409 Personal Investment & Tax Planning

Note for all the DLPs:

1. First Year (Semester I & II) of MBF forms part of BBF program. Students willing to pursue MBF after completion of BBF can extend their program by intimating IIF's office within three months of completion of BBF.
2. Non working candidates are expected to undergo "On-the-job" training so as to gain real life exposure to supplement the study material provided by the Institute.

Examination Scheme

IIF follows a unique open book examination system. The question papers are sent to the candidates by registered post. They are expected to attempt in one sitting and return the answer books within one week by registered post. However, if one is unable to send the answer papers within one week, the student may submit the answer papers in subsequent weeks. There is a graded penalty for late submission. The question papers are very comprehensive and only those who have seriously studied during the semester are able to attempt the question papers. The Institute’s unique system of examinations has been found to be more satisfactory, rigorous and beneficial than the traditional system of examinations. For examination pattern please see examinations scheme in the prospectus.


Fee Structure  
General Category
(Only Indians with Indian Residency)
Semester Fee
Rs. 15,000 (per semester)
Other Categories
(Company Sponsored / NRI / NRI Sponsored / Foreign Candidates)
Semester Fee
US $ 1,500 (per semester)

1. The fee includes tuition, cost of study material - select text books, test questions and case studies- conduct of semester examinations and subscription to Finance India.

How to Pay Your Fees

All fees are required to be paid before the prescribed dates before the beginning of each semester through a Demand Draft in favour of Indian Institute of Finance payable at Delhi.

Refund of Fees
Fee once paid is not refundable. No application for refund will be entertained under any circumstances
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