An PGP in Tax Management or PGP in Taxation is a PG level degree that provides students with broad-based tax skills, along with the requisite management skill set to hold leadership positions in the field of taxation. Usually a 8-month to 1-year course, Distance – Learning PGP in Tax Management is also offered by some colleges. The duration for PGP in Tax Management distance learning is 2 years. You will also gain the ability to research and analyze the complex corporate taxation issues that are integral to this field of study. In addition to the required core taxation classes, students will also have the opportunity to enroll in electives that suit their interests. Students will also study areas such as ethics and law, as they pertain to taxation.
The main subjects that are taught under Tax Management include:
| Income Tax | Sales Tax | VAT |
|---|---|---|
| Central Excise | Others |
Taxation professionals like Accountants and Financial Advisors are the ideal candidates to study this course to enhance their career prospects. In fact, aspirants interested in the varied fields of Investment Banking are also suited to pursue this course.
Core Skills required to Pursue PGP in Taxation Management:
- Quick thinking and Decision-Making
- Critical Thinking
- Strong Analytical Thinking & Logical Abilities
- Material & Financial Resources Management
- System Evaluation & Analysis
- Listening Skills
PGP – Tax Management Eligibility Criteria
- Bachelor’s degree in any stream from a recognized Board/ University with a minimum of 50% marks
- CA certified, CS certified and/ or ICWA qualified professionals can also apply for PGP in Tax Management
- Qualifying marks of Management Entrance exams is mandatory for admission to some Tax Management colleges in India
Admission Process for Tax Management Colleges in India:
While some Taxation institutes in India conduct its own management entrance exams, some give direct admission on the basis of your graduation marks and following the below:
- Online application form
- Submission of fees
PGP – Tax Management Career Options and Job Prospects
Tax Management has become crucial in today’s lives. With tax laws becoming more and more stringent in India and incorporation of Aadhar with every monetary aspect in India, career prospects in Tax Management & Taxation has reached a new high. With companies looking for legal ways to save taxes, portfolios of tax experts are most in-demand at present. Some of the top sought-after jobs after successful completion of PGP in Tax Management include:
- Wealth Managers
- Financial Advisors
- Tax Consultants
- Accountants
Depending on their PGP colleges for Tax Management, here is a projection of career prospects as:
- Tax Consultant: Their main job is to furnish financial and tax-related advice to clients and skilled professionals can expect between Rs. 2 Lakhs and Rs. 7.5 Lakhs per annum approximately as starting salary.
- Accountants: They can expect a starting salary between Rs. 3 Lakhs – Rs. 5 Lakhs per annum
- Financial Advisors (FA): Essentially involved in drafting investment plans for clients, FA’s can expect a starting salary of Rs. 4 Lakh to Rs. 7 Lakhs approximately
- Wealth Managers/ Assistant Wealth Managers: The starting salary of Assistants range between Rs. 3 Lakhs – Rs. 6 Lakhs