Postgraduate Diploma in Financial Management (PGDFM)

About the course

The Post Graduate Diploma in Financial Management (PGDFM) is a one year Bhutan Qualification Framework (BQF) Level 7 qualification with 120 credit point (CP) course designed for the graduates designed for the graduates selected through competitive Civil Service Entrance Examinations in Bhutan and or through other selection process. The course is designed within the broad context of international financial management practices to suit both public and corporate financial management. The focus of the course is to develop technical and managerial capabilities of our graduates by inculcating transferable and lifelong learning skills. The participants are provided with a sound understanding of accounting, finance, public management, economics and applied research methodology to prepare for a career in public, corporate and not-for-profit organizations.

 Course level and duration

The PGDFM is a Bhutan Qualification Framework (BQF) Level 7 qualification with 120 credit point (CP) course. The course is offered for one-year full time.

Admission requirements

Admission to the course is governed by Admission Policy of the Royal Institute of Management (RIM). For details visit the following link To be eligible for admission, participants must have a bachelor’s degree in business/commerce/economics. For the Royal Government of Bhutan (RGoB) scholarship, candidates must be selected through competitive civil service selection examinations conducted by Royal Civil Service Commission (RCSC).

The course is taught in English and as such participants are expected to be conversant in the English language at the graduate level.

Course aims and objectives

The overall aim of the course is to to develop technical and managerial capabilities of our graduates by inculcating transferable and lifelong learning skills. The objective of the course I to make our graduates career ready by:

  • Developing a wide range of advanced financial knowledge, skills and attitudes needed for public and corporate sector financial management;
  • Developing managerial skills and knowledge that enhances the ability to solve problems and make appropriate decisions in complex environments;
  • Developing deeper understanding how and where climate change concepts can be integrated with the aim to operationalize climate change adaptation and mitigation strategies in the financial management;
  • Inculcating universal standards of integrity, honesty and ethical attributes;
  • Developing attitude and skills for public service excellence; and
  • Developing skills and attitude essential for lifelong learning.

Course requirements and learning outcomes

The PGDFM is a 120 credit points (CP) course with 16 units in total including the Agency Immersion Program. There are 8 units with 10 CPs and 8 units with 5 CPS. In addition to credited units, course also offers non-credited workshops and seminars.  The course is delivery over a block of four terms of 13 weeks each. The fourth or the last term is completely dedicated for the Agency Immersion Program.

The details of the units offered in each term is provided below.

Term I (February – April) Term II (May to July) Term III (August to October) Term IV (October to December )
Units offered: Units offered: Units offered:  

Agency Immersion Program (5CP)






















1. Financial Accounting & Reporting (10CP) 1. Management Accounting (10CP)
  1. Corporate Finance (10CP)
2. Economics & Markets (10CP)  

2. Public Finance (10CP)


2. Public Management & HR (10CP)
3. Integrated Workplace Communication (5CP) 3. Government Accounting and Budgeting Systems: Theory & Practice I (5CP)  

3. Audit and Assurance (10CP)




4. Digital Skills Development (ICDL) (5CP)



4. Workshop on Public Sector Innovation (DT) (5CP)



4. Government Accounting and Budgeting Systems: Theory & Practice II(5CP)


5. Public Financial Administration II: Procurement Management (5CP)



5. Research Methods – Applied (10CP




5. Public Financial Administration I: Taxation & Revenue Accounts (5CP)


Non-credit Units:  


6. Workshop on EI & Self Awareness

7. Workshop on Problem Analysis and Decision Making (RIA)

On successful completion of the course, graduates should:

  • Be able to perform financial planning, budgeting and management for both public and corporate sectors based on the accepted financial principles, practices and systems with integrated climate concepts;
  • Constructively analyze, interpret and present financial information for decision making;
  • Demonstrate strong cognitive, technical and communication skills to work independently and collaboratively;
  • Approach public sector financial management challenges inclusive of climate change related risks and vulnerabilities from local and global perspective;
  • Acquire managerial skills and mindset for timely and quality public service delivery;
  • Acquire research skills for evidence based decision making and lifelong learning; and
  • Act in accordance with universal standards of integrity, honesty and ethical attributes.

Progression requirements

Academic achievement is governed by the RIM Academic Progress Policy. For details visit the following link Overall, students must secure a minimum of 50 percent in each unit and must not fail in more than two units in any academic period in order to progress to higher level. Unit outlines may also stipulate the additional requirements such as minimum requirement of attendance and participations.

The offering Department

The PGDFM is offered by the Department of Finance & Business. For further information on the course, please contact the course convenor. The course convenor details are provided below.

Mrs. Namgay Dem

Phone : +975 2 351014/ 351013 ext. 202