What is Financial Management Course?
The Financial Management course is related to financial planning, accounting and making strategy of plans for profitable development of the organization. The goal of these courses is to provide financial skills to the students / candidates so that resources can be prepared and budget prepared for different departments of the organization. Whether it is banking, financial services, NBFCs or any corporate related industry, the Financial Management course covers all the topics and issues that develop your understanding to master all these fields as well as many other fields or issues. will do.
What does a finance manager do?
The job of a finance manager is to present financial reports and interpolate the financial information so that the management can take all necessary decisions based on the financial position and strength of the organization. Finance managers are also busy creating strategies to strengthen the financial health or financial condition of the organization. Their work does not end here, they do all the work related to Costs, Pricing, Variable Contributions, Sales and Revenue so as to increase the profitability of the organization continuously. A finance manager is the ‘lifeline’ of an organization to keep all the functions of an organization running smoothly.
What are the types of financial management courses?
You can do financial management courses after passing your 10 + 2 class. If you do not want to spend a lot of your time to do undergraduate courses, then you can do diploma courses. However, if you want to get higher studies, then taking admission in undergraduate course will prove to be a great decision for you. Details of various types of courses in the field of financial management are given below for your convenience:
Diploma courses in Financial Management
Students can do diploma course immediately after passing 10 + 2 class. The duration of this course is 1 year.
Undergraduate courses in Financial Management
The duration of the undergraduate course in Financial Management is 3 years. Undergraduate course in financial management is known as BBA degree.
Postgraduate Courses in Financial Management
The duration of postgraduate course in financial management is 2 years. This degree is commonly known as MA / MBA degree in Financial Management.
Doctoral Courses in Financial Management
You can get a doctoral course in Financial Management, ie Doctorate of Philosophy (PhD), after obtaining a postgraduate degree in an allied subject. The duration of the doctoral course is 3-4 years.
How to get admission in Financial Management courses?
Many recognized universities and institutes provide financial management courses. However, each college / institute has its own separate entrance exam, eligibility criterion and admission process. Therefore, to get admission in these financial courses, it is very important for you to get information about the necessary conditions related to these courses.
Eligibility Criteria
The first step in the admission process is the eligibility criteria. If you get complete information about the criteria mentioned in this section, then you can apply for the said course very easily. Therefore, to apply in the Financial Management course, get information about the eligibility criterion prescribed for each level:
Diploma level
You can do a diploma course in Financial Management after passing 10 + 2 class. This diploma level course includes basic details about financial markets, corporate finance and the fixed and working capital required to do business.
Undergraduate level
You can take admission in undergraduate level course after passing your 10 + 2 class in any subject. Generally, students who have passed 12th class with commerce subject are given preference in admission.
Postgraduate level
After completing graduation from a recognized university / college with at least 50% aggregate percentage, you can apply for postgraduate course in financial management.
Doctoral level
In the field of financial management, you can take admission in doctoral courses as the highest level degree. After obtaining PhD degree from a recognized university / college, you can use the title of ‘Doctor’ in front of your name.
Entrance exams
Whether it is a polytechnic institute or a professional institute, a student always has to pass the entrance exam to take a professional degree course from any institute and take admission in his / her favorite institute. To help you get admission in any financial management course, here is a list of all entrance exams:
Diploma level
To get admission in diploma courses, you can apply in state level polytechnics as these polytechnics conduct entrance exam in every state so that industry-ready professionals can be prepared.
Undergraduate level
- DU JAT
- IPMAT 2018
- NPAT 2018
- Symbiosis Entrance Test (SET)
- AIMA UGAT 2018
- GGSIPU CET BBA 2018
Postgraduate level
- CAT (Common Admission Test)
- AIMA-MAT (Management Aptitude Test)
- XAT (Xavier Aptitude Test)
- IIFT (Indian Institute of Foreign Trade)
- SNAP (Symbiosis National Aptitude Test)
- NMAT by GMAC
- CMAT (Common Management Admission Test)
- IBSAT (IBS Aptitude Test)
- MICAT (MICA Admission Test)
- MAH – MBA / MMS CET (Maharashtra MBA Common Entrance Test)
Doctoral level
- Research Management Aptitude Test (R-MAT)
- Symbiosis University PhD Entrance Exam
- UGC NET
- XIMB-RAT (Research Aptitude Test)
- IIIT Delhi PhD Admission Test
- Faculty of Management Studies (FMS), Delhi University PhD Entrance Test
- Aligarh Muslim University PhD Entrance Exam
- Indira Gandhi National Open University (IGNOU) Entrance Exam
Sub-specialization courses under Financial Management
Financial management graduates can specialize in the following subjects so that they can make their mark in the industry. Although the topics given below are a part of the course curriculum, you can choose one of these subjects and make your career in it. The list of sub-specializations is given below for your convenience:
Portfolio analysis
If you specialize in this subject then you can start your career as a portfolio analyst. After this, your job will also be to study economic trends, capital market reports, allocate amounts in securities and prepare reports to show the growth of money invested in capital and money market instruments.
Money and Capital Markets
This topic will provide understanding and information about financial assets such as stocks, bonds, commodities, derivatives and currencies. Other aspects such as capital market, bond market and money market etc. will also be discussed in detail along with the theories.
Security Analysis and Portfolio Management (SAPM)
Students desirous of pursuing a career in the stock market must study the subject of SAPM. Many topics such as futures and options, portfolio theory and asset pricing, bond valuation and analysis and behavioral finance are covered under this topic. The objective of this subject is to broaden the scope of knowledge of the students and to provide specialized skills about the industry.
Rural and Cooperative Banking
Rural and cooperative banking is an integral part of financial management. This specialization focuses on institutional credit and indicators of their financial health in rural areas.
Risk management
Every business faces risk at every step. Factors that can be controlled or uncontrolled factories will affect your business, this subject is taught in the above subject. Financial Risk Management helps you to get information about the financial risks associated with any business, as well as to get the skills to deal with those risks.
Top institutes to undertake financial management courses
Financial management courses are conducted by various B-schools in India. The course Karikulam offered by each university may be different from the course Karikulam of other universities. If you want to make a career in financial management, then you can see the list of various MBA institutes mentioned below. The rankings of these institutes have been released by the NIRF, Ministry of Human Resources and Development (MHRD) and these rankings justify the quality of education provided by IIMs to the students.
Serial Number Institute Location
1 Indian Institute of Management Ahmedabad
2 Indian Institute of Management Bangalore
3 Indian Institute of Management Calcutta
4 Indian Institute of Management Lucknow
5 Indian Institute of Technology Bombay
6 Indian Institute of Management Kozhikode
7 Indian Institute of Technology Kharagpur
8 Indian Institute of Technology Delhi
9 Indian Institute of Technology Roorkee
10 Xavier Labor Relations Institute Jamshedpur
Source: NIRF Rankings
Career Prospects related to Financial Management Courses
In the field of financial management, there are many job opportunities for skilled professionals so that the vacant posts of organizations can be filled. Whether you have done a diploma, degree or doctoral course, you are given designation and salary in the industry based on your education level and work-experience. Therefore, let us discuss about the current hiring trend in the field of financial management in the entire business world:
Popular job titles offered to financial management graduates
For a fresher, getting a job in a financial firm, company or market is the basic foundation of his career. The role of a finance graduate is very dynamic as it is necessary for them to cooperate with other departments of the organization and if necessary they have to come forward and negotiate with the customer. Here are some popular job designations that a finance graduate can join after completing his course:
- Finance Manager
- Financial Planner
- Financial Analyst
- Financial Auditor
- Investment banking analyst
- Actuary
- Accountant
- Investor Relations Associate
Salary Prospects for Financial Management Graduates
Salary proves to be an important factor when you choose a career for yourself. For finance management graduates, there is nothing to worry about salary as the industry offers good salary to the skilled and talented candidates provided that they are experts in their field of work and they are well aware of the latest updates. Following are the details of salary to be given to finance graduates:
Years of work experience salary (Rs. Lakh)
190000 –700000 less than a year
1-4 years 240534 – 1211501
5-9 years 487126 – 1530296
10-19 years 401482 – 2014703
20 years and above 481653 – 2442522
Source: Pescale.com
Top Brands for Finance Managers
There are many job opportunities for candidates specializing in the domain of finance. Be it a firm or a company or banks, government departments and agencies, educational institutions, etc., all the above mentioned institutes have huge job options for professionals related to finance domain. Therefore, according to the ranking given by ‘BrandFinance.com’ here is a list of the most special Indian brands in the financial field. You can choose a great brand for yourself from this list. Let’s read:
- State Bank of India
- LIC
- ICICI Bank
- HDFC Bank
- Kotak Mahindra Bank
- IDBI Bank
- Canara Bank
- Union Bank of India
- Indian Overseas Bank
- Central Bank of India
- SBI Capital Markets Limited
- Bajaj Capital Limited
- DSP Merrill Lynch Limited
- L&T Finance Limited
- Karvy Group