Post Graduate Diploma in Management -Banking Financial Services [PGDM-BFS]

Applicants must have a COMMON ADMISSION TEST (CAT 2026) to be eligible for admission to the PGDM, PGDM-HRM, PGDM-IB, PGDM-Business Analytics & PGDM-BFS programs of MDI Gurgaon and PGDM program of MDI Murshidabad. However, applicants applying exclusively to the PGDM-IB programme may also apply using GMAT scores obtained from tests taken between 1 January and 28 November 2026 exclusively at a GMAT test centre (not online) as an alternative to CAT 2026 score. 

Please note that the GMAT 2026 score is applicable only for admission to the PGDM-IB programme and cannot be used for admission to other programmes.

Important dates regarding CAT-2026

Starting Date for CAT  2026 Registration:Monday, August 3, 2026
Closing Date for CAT 2026 Registration:Tuesday, September 15, 2026
Starting Date for MDI Online Application:Thursday, September 24, 2026
Closing Date for MDI Online Application:Saturday, November 28, 2026 (5:00 PM IST)
Common Admission Test Date:Sunday, November 29, 2026

Eligibility Requirements

  •  At least 50% marks or equivalent CGPA in both class X and XII.
  • Bachelor’s Degree (Minimum 3 years duration for PGDM, PGDM-HRM, PGDM-Business Analytics, PGDM-BFS and Minimum 4 years duration for PGDM-IB), with at least 50% marks or equivalent CGPA in any discipline from any University recognized by the AICTE / AIU / Ministry of HRD, Government of India1. 
  • Candidates appearing for the final examination for the Bachelor’s degree (or equivalent examination) and completing all requirements for obtaining the Bachelor’s degree by 30th June, 2027 can also apply to the PGDM, PGDM-HRM, PGDM-Business Analytics & PGDM-BFS programmes, subject to furnishing evidence to that effect latest by 31st October, 2027.
  • Applicants to the PGDM-IB programme must possess a minimum of 1 year (one year) work experience as on 31st January 2027, after completion of a minimum 4 years duration Bachelor’s degree for the programme. The candidates with 3 years’ duration bachelor degree are NOT ELIGIBLE to apply for PGDM-IB Programme.
     

The basis for computing the percentage obtained by the candidate would be based on the practice followed by the university/ institution/board from where the candidate has obtained the degree/certificate. In case of the candidates being awarded grades/CGPA instead of marks, the equivalence would be based on the equivalence certified by the university/ institution/board from where they have obtained bachelor’s degree/certificate. In case the university/ institution /board does not have any scheme for converting CGPA into equivalent marks, the equivalence would be established by MDI by multiplying the obtained CGPA with the factor of 9.5.

 

Admissions Criteria (Stage I and Stage II)

Admissions Process for PGP batch 2027-29

PGDM/PGDM-HRM/PGDM-IB/PGDM-Business Analytics

Stage-I (Shortlisting for GD/PI)
Table 1: Criteria for Shortlisting at Stage -I

ComponentProposed Weightage for the upcoming PGP 2027-29 batch
CAT Score65%
Class -10th percentage5%
Class -12th percentage5%
Graduation percentage (based on 2nd year/6th term i.e. pre final year, for those who are yet to complete an undergraduate degree)5%
Academic Diversity (Engineer / Non-Engineer)5%
Gender Diversity (Male/Female)5%
Work Experience10%

Stage-II (Final Selection – MDI Ranking)
Table 2: Criteria for Final Selection at Stage-II

ComponentProposed Weightage for the upcoming PGP 2027-29 batch
CAT Score35%
Group Discussion (GD)10%
Written Analysis Test5%
Behavioural Assessment Test5%
Personal Interview (PI)20%
Graduation5%
Performance in the Quantitative Ability (QA) and Data Interpretation & Logical Reasoning (DILR) in the qualifying examination*2.50%
Gender Diversity (Male/Female)2.50%
Regional Diversity2.5% (Candidates from North-East | Jammu & Kashmir | Andaman & Nicobar | Dadra & Nagar Haveli and Daman & Diu | Ladakh | Lakshadweep)
Sports2.5% (Only for National and International level competitions)
Work Experience10%

* At Stage-II, the weightage for Academic Diversity (Engineer/Non-Engineer) will be replaced by the candidate’s QA and DILR performance in CAT 2026; all other criteria will remain the same as for other programmes.

Online Application Process

  •  The combined online application form for MDI Gurgaon (PGDM / PGDM-HRM / PGDM-IB / PGDM-Business Analytics & PGDM-BFS) & MDI Murshidabad (only PGDM) shall be available on the MDI website https://www.mdi.ac.in/ with necessary instructions.
  • Online registration will be open from Thursday, 24th September 2026, till Saturday, November 28, 2026, at 17:00 hrs. 
  • Candidates have to make an online payment of Rs. 3,000 (INR three thousand only) inclusive of 18% GST and can select all the programmes they wish to apply for.
  • Candidates applying for both MDI-G and MDI-M have to make an online payment of Rs. 3,590 (INR three thousand five hundred ninety only) inclusive of 18% GST.
  • NRI, International Students (foreign nationals/overseas citizen of India/children of Indian workers in Gulf countries) applying to PGDM, PGDM-HRM, or PGDM-IB at MDI Gurgaon, and/or the PGDM programme at MDI Murshidabad, are required to pay an online application fee of Rs. 8,496 (inclusive of 18% GST).
     

NOTE: There is a single unified application form for all programmes. Applicants need to select all programmes (PGDM/PGDM-HRM/PGDM-IB/ PGDM-Business Analytics & PGDM-BFS) they wish to apply for. 

Selection Process

Shortlisting of candidates for the WAT-GD-PI process will be done on the basis of the details provided in the application form and their CAT 2026 scores. Shortlisted candidates will be called for Group Discussion, Written Analysis Test, and Personal Interviews between February and April 2027 at a center in one of the following cities: Bengaluru, Gurugram, Kolkata, Hyderabad, Ahmedabad and Mumbai. Centers other than Gurugram are tentative. 

The final selection of the candidates will be based on weightages of CAT-2026 scores, WAT-GD-PI, Behavioral Assessment Test, Academic Merit, Academic Diversity, Work Experience, and Social Diversity etc. The admission criteria have also been posted on the MDI Gurgaon website. 
 

Process for NRI Applicants

NRI and International Students (Foreign Nationals, Overseas Citizens of India, and Children of Indian Workers in Gulf countries) applying to PGDM, PGDM-HRM, or PGDM-IB at MDI Gurgaon, and/or the PGDM programme at MDI Murshidabad, are required to pay an online application fee of Rs.8,496 (inclusive of 18% GST).

Applicants may apply on the basis of a valid GMAT score. Shortlisted candidates will be invited for Personal Interviews in April 2027. Admission and determination of candidate status will be governed by the applicable Government of India (GoI) rules and guidelines.

Fee Structure and Payment Schedule (subject to revision)

Nomenclature of Fees
PGDM-BFS
 1st Year (INR)2nd Year (INR)
Tuition FeesRs 7,33,850Rs 7,33,850
Learning Material FeesRs 62,000Rs 62,000
Students ActivitiesRs 31,250Rs 31,250
Library FeeRs 37,700Rs 37,700
Alumni FeeRs 15,000-
Security Deposit*Rs 27,500-
Total Fee (Without Boarding & Lodging)Rs 9,07,300Rs 8,64,800
Boarding ChargesRs 1,04,200Rs 1,04,200
Lodging ChargesRs 1,09,750Rs 1,09,750
TotalRs 11,21,250Rs 10,78,750
PGDM-BFS Grand Total (Two Years)Rs 22,00,000

Fee Installments

InstallmentsTime LinesAmount (INR)Remarks
First InstallmentAt the time of admissions (In April till July-2026)6,00,000This amount will be the component of the tuition fee of first year
Second Installment15th October, 2026 to 31st October, 20265,21,250This amount will be the remaining tuition fee of first year and other components
Third Installment1st May, 2027 to 15th May, 202710,78,750This amount will be the component of entire fee of second year
Total 22,00,000 

Note

MDI reserves the right to revise fees and other charges at any time during the Academic Year, with prior notice provided before such changes take effect.

MDI uses CAT scores for Indian Candidates for shortlisting the candidates for its programmes. Indian candidates can not apply on the basis of their GMAT score. IIMs have no role either in the selection process or in conducting the programme.

Please Note - Up to a maximum of 5% over and above the “Approved Intake” per Course shall be available under the tuition fee waiver scheme as per the AICTE and MDI guidelines.