PG Diploma in Risk Management(PGDRM) Course details , Duration,Fees,Job,Scope ,Top colleges

2 years
Average Fees
INR 1,00, 000 to 10,00,000

About PGDRM (Post Graduate Diploma in Risk Management) course:

The objective of Post Graduate Diploma in Risk Management course is to provide practical knowledge to learners about risk management helping in build their careers as effective leaders through quantitative methodologies of risk management and valid reports.

This comprehensive PGDRM program is offered through a bridge programme which enables students to gain knowledge about risk analysis, actuarial science, strategic planning, insurance industries management.

The curriculum of Post Graduate Diploma in Risk Management course focusses on applied cyber risk, HR and organizational behaviour, strategic risk management. This PGDRM course enables learners to understand the concepts of digitization impact on risk management.

The average course fees for PG Diploma in Risk Management(PGDRM) Courses range between INR INR 1,00, 000 to 10,00,000.

PG Diploma in Risk Management(PGDRM) Quick facts

Highlights for PG Diploma in Risk Management(PGDRM) program are provided in the table given below:

Course Level PG Diploma
Full form PG Diploma in Risk Management(PGDRM)
Duration 2 years
Examination type Semester
Eligibility Students must have obtained a bachelors degree in any discipline from a recognized University with 50% marks
Age Limit No age limit
Course fee INR 1,00, 000 to 10,00,000
Average Salary INR 6.0-12.0 LPA
Job Positions Risk Surveyor ,Risk Management ,Adviser Insurer , Risk Analyst
PG Diploma in Risk Management(PGDRM) Eligibility & Entrance exam

Eligibility Criteria for PGDRM (Post Graduate Diploma in Risk Management) course:

The eligibility conditions to take admission in PGDRM course is very simple. Students need to fulfil the following conditions to pursue this course.

Candidates must obtain a bachelor’s degree from an accredited university in any discipline.

A minimum of 50% aggregate marks in 10+2+3 is required the students to study this course (45% in case of SC/ST students)

Final year students who are waiting for their results can also apply for this course.

There is no upper age limitation to apply for the PGDRM course.

To qualify in an entrance exam such as CAT, MAT, ATMA, NMAT, XAT, SNAP or any other relevant exam is also an eligibility condition for some colleges.

Entrance exam for PGDRM (Post Graduate Diploma in Risk Management) course:

Students seeking admission for Post Graduate Diploma in Risk Management course in college must appear for the entrance exams held at the university or national/state level.

Few colleges provide admission on the basis of graduation marks under management quota. For such colleges admission is done on the basis of marks obtained in degree program followed by documentation verification round.

Entrance exam

Conducting body

Exam type


Indian Institutes of Managements



Xavier School of Management Jamshedpur



Graduate Management Admission Council



National Testing Agency


The following points tips must be kept in mind for preparation of the entrance examination:

Make a study timetable which covers all topics of syllabus and stick to it.

Always start with the fundamentals

Examine the mock and example questions.

Set alarm clock for practice

Practice previous 10-year question papers

Candidates are advised to recommend books for efficient preparation.

Colleges which provide admission on the basis of entrance exam scores followed by GD and personal interview.

PG Diploma in Risk Management(PGDRM) Duration & Fees

PGDRM (Post Graduate Diploma in Risk Management) course duration:

The duration of Post Graduate Diploma in Risk Management course is two years. Topics of study during the PGDRM course are Operational Risk, Financial Risk Management (FRM), IT Risk Management, Strategic Risk, Cyber Security Risk, Enterprise Risk Management (ERM), Environment, Social, Governance (ESG), Financial Reporting Risk, Applied Data Analytics, Corporate Governance, Regulatory Compliance, Third Party Risk Management.

PGDRM (Post Graduate Diploma in Risk Management) course fees:

The approximate fees to pursue Post Graduate Diploma in Risk Management course is INR 1,00,000-10,00 ,000 lacs per annum. The fee structure is varied from one college to another, so students are advised to visit or contact college admission cell for appropriate information.

PG Diploma in Risk Management(PGDRM) Jobs,Scope,Salary after course

Scope of PGDRM (Post Graduate Diploma in Risk Management) course:

The future scope of landing a job in risk management has a significant growth in India with the start-up of new businesses in India that require financial analysis as well as technical analysis of the risks offers many job opportunities in this field.

The major job profiles in this field are Risk Management Adviser, Risk Surveyor, Risk Analyst, Insurer, Risk Manager, Senior Risk Advisor. Employment areas for PGDRM post graduates are Non-Banking Finance Companies, MNCs, Broker Firms, Banking enterprises, Investment Firms, Finance Advisory Firms, Construction companies and many more.

Recruiting companies that hire PGDRM post graduates are KPMG, Protiviti, EY, PwC, Fortis, PepsiCo, Deloitte, BDO, Valvoline, Grant Thornton, etc. The average annual salary of PGDRM postgraduates is INR 6.0-12.0 LPA.

Job type

Job description

Approximate salary per year

Risk Surveyor

The duty of Risk Surveyor is to do personal and commercial surveys, check fire protection systems and examine building plans, prepare risk reports, advise clients about risk and insurance claims.

7,00,000 lacs

Risk Management Adviser

Responsibility of Risk Management Adviser is to detect risks by observing processes, outlining findings, analysing data, drafts and delivers presentations, reports and recommending solutions.

Duty is to create assessment methodologies for appropriate risk.

6,00,000 lacs


Insurer is a professional who is responsible for measuring insurable risk or hazard risks, supervise the risk and develop reports and plans and help in optimizing operations.

8,00,000 lacs

Risk Analyst

The duty of Risk analysts is to examine a firm's portfolios, investment and analyse the risk and make recommendations through investment, diversification strategies.

7,50,000 lacs


PG Diploma in Risk Management(PGDRM) Top colleges offering course

Top Colleges for PGDRM (Post Graduate Diploma in Risk Management) course:

For the exact information candidates must visit the official website of colleges. The above given information is an overview but while taking admission in any college, must learn few things about college such as contemporary education techniques, Research Projects, Specialisations, advanced Infrastructure, Industry Connect Initiatives, campaigns, Placements history and alumni network, Lecture Schedule, Ranking, excellent skilled Faculty, Exchange Programs, seminars and workshops, and many more.

Shortlisted candidates need to bring following documents at the time of admission.

HSC Mark sheet and Certificate.

Graduation All Certificates and Mark sheets.

+2 Certificate and Mark sheet.

College Leaving Certificate

Migration Certificate in case of student migrating from other university.

Recent passport size photographs attested by a Gazetted Officer.

Provisional Certificate

Caste certificate (for SC/ST candidate)

Here I am providing list of few colleges in India that offers PGDRM course.

Name of college


Approx. fees per year

Banaras Hindu University


5,00,000 lacs

Aligarh Muslim University


8,00,000 lacs

Swami Vivekananda Institute of Management and Technology


7,50,000 lacs

Gauhati University

Guwahati, Assam

7,00,000 lacs

IIT Kanpur


4,00,000 lacs