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Career in Financial Management

Sep 14, 2018 10:13 IST
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What is Financial Management all about?

The financial management course deals with financial planning, accounting, and strategizing plans for the profitable growth of organization. The courses are aimed to impart financial skills to the candidates, which will help them prepare budgets and allocate resources to various departments of the organization. Be it any industry from banking, financial services, NBFCs to corporate, financial management course is equipped with all the subjects that will develop your understanding to specialize in each of these fields and many more.

Eligibility Criteria for Admission in Financial Management

The first step in the admission process is eligibility criteria. If you clear all the criteria mentioned under this section then you can easily apply for the course. So read about the eligibility criteria at each level to apply for financial management course:

Diploma Level

You can pursue diploma course in financial management after 10+2 level. The diploma level course covers basic details about financial markets, corporate finance and fixed and working capital required in the business.

Undergraduate Level

The undergraduate level course can be pursued after completion of 10+2 level irrespective of any stream. Students with commerce background get an edge in the admission generally.

Postgraduate Level

After successful completion of graduation from a recognised university/college with minimum 50% overall percentage, you can apply for the postgraduate course in financial management.

Doctoral Course

Doctoral course is the highest level of degree that you can earn in the domain of management. After successful completion of graduation from a recognised university/college you will earn Ph.D. title in your name.

Financial Management Entrance Exam

Be it a polytechnic institute or professional degree course, there is always an entrance exam that an aspirant has to appear for to seek admission in the desired institute. Here is a list of all the entrances in which you can register to get admission to financial management course:

Diploma Level

To seek admission in diploma courses, you can apply for state level polytechnics as they conduct the entrance exam for each state to produce industry-ready professionals.

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 Course

  • Research management aptitude test R-MAT
  • Symbiosis University Ph.D entrance examination
  • 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

Courses in Financial Management

The financial management courses can be pursued after you complete 10+2 level. You can pursue diploma courses if you do not wish to spend considerable time in pursuing undergraduate courses. However, if you plan to pursue higher studies, then going for the undergraduate course is a wise decision. Take a look at various types of courses in financial Management domain:

Diploma in Financial Management

A diploma course is the basic level course that you can apply for after your 10+2 level. The duration of this course is 1 year.

Under graduation in Financial Management

The duration of the undergraduate degree in financial management is 3 years. The undergraduate course in Financial Management is known as BBA degree.

Postgraduate course in Financial Management

The duration of postgraduate degree is 3 years. This degree is popularly titled as MBA/MA in Financial Management.

Doctoral Course in Financial Management

You can apply for the doctoral course in financial management i.e. Ph.D. in financial management after completing postgraduate degree. The duration of the Ph.D. course is 3-4 years.

Financial Management Subjects and Syllabus

Financial management graduates can choose to specialize in the subjects mentioned below to carve out their niche in the industry. Although the subjects mentioned below are a part of course curriculum, but you can choose one to pursue career opportunity. The list of the sub- specialization is as under: 

Portfolio Analysis

If you specialize in this subject, you can become portfolio analyst. Thereafter, your job will be to study the economic trends, capital market reports, allocate the amount in securities and also to prepare the reports that showcase the growth of invested money in capital and money market instruments.

Money and Capital Markets

This subject will provide insights about financial assets such as stocks, bonds, commodities, derivatives and currencies. Other aspects such as capital market, bond market, and money market will be dealt in detail with theories.

Security Analysis & Portfolio Management (SAPM)

SAPM should be studied by those candidates who wish to pursue a career in the stock market. Topics such as Futures and Option, Portfolio Theory and Asset Pricing, Bond Valuation and Analysis and Behavioral Finance etc are covered. This subject aims to expand the horizon of the candidates and impart specialized skills about the industry.

Rural & Co-Operative Banking

Rural and Cooperative Banking is an integral part of financial management. This specialization focuses on institutional credit and the indicators of their financial health in rural areas.

Risk Management

A business faces risk at every step, whether it is being influenced by controllable factors or uncontrollable ones can be studied in this subject. Financial risk management helps you acquire knowledge and skills about the financial risks to which a business is exposed and how to deal with them.

Top Financial Management Colleges in India

Financial management courses are widely conducted by various B-Schools in India. The course curriculum included by each university may differ. If you plan to pursue a career in financial management, then take a look at the MBA institutes mentioned below. The institutes have been ranked by NIRF, Ministry of human Resource and Development and the rankings justify the quality of education imparted by the IIMs to the students.

S.No.

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 Labour Relations Institute

Jamshedpur

Source: NIRF Rankings

Career in Financial Management

In the domain of financial management, there are ample job opportunities awaiting the skilled professionals to occupy the vacant positions in the organizations. Be it a diploma degree or a doctoral one, both the designation and salary are offered as per the level of education and experience in the industry.

Job Opportunities in Financial Management

For a fresher, getting a job in the financial firm, company or market is the basic foundation of their career. The role of finance graduate is very dynamic as they need to collaborate with the other departments of the organization and they are expected to turn up at the front end to interact with the customer if the need arises. Here are some popular job designations that are offered to finance graduate after completion of their course:

  1. Finance Manager
  2. Financial Planner
  3. Financial Analyst
  4. Financial Auditor
  5. Investment Banking Analyst
  6. Actuary
  7. Accountant
  8. Investor Relations Associate

Top Recruiters for Financial Management

There is a huge pool of job opportunities for candidates specializing in finance domain. Be it firms & companies, banks, government departments and agencies or educational institutions, finance domain professionals have got a wide scope when jobs are concerned. So here is a list of most valuable Indian brands in the financial domain as ranked by ‘Brandfinance.com’. Take a look at this and aim for them:

  1. State Bank of India
  2. LIC
  3. ICICI Bank
  4. HDFC Bank
  5. Kotak Mahindra Bank
  6. IDBI Bank
  7. Canara Bank
  8. Union Bank of India
  9. Indian Overseas Bank
  10. Central Bank of India
  11. SBI Capital Markets Limited
  12. Bajaj Capital Limited
  13. DSP Merrill Lynch Limited
  14. L & T Finance Limited
  15. Karvy Group

Salary after Financial Management

Salary plays a major role when you pick a particular career option. for the finance management graduates, there is no reason to worry as the industry pays well to the skilled and talented pool of candidates, provided they are well-versed with the know-how of their domain. The salary statistics for the finance graduates are mentioned as under:

Years of Experience

Salary (INR in Lakhs)

Less than a year

190000 –700000

1-4 years

240534 – 1211501

5-9 years

487126 – 1530296

10-19 years

401482 – 2014703

20 years and more

481653 – 2442522

Source: naukrihub.com

DISCLAIMER: JPL and its affiliates shall have no liability for any views, thoughts and comments expressed on this article.

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