The major role of professionals with a qualified degree in Financial Management are - Professionals help set financial goals and objectives for the betterment of the company. They are responsible for establishing financial plans, planning budgets, interpreting financial data and trends, estimating the financial performance of the company and managing the cash flow of the company. Professionals are also responsible for keeping the track record of accounts payable and receivable for the company. Financial management qualified graduates to help in examining the investment prospects and maintaining the investment portfolios. Professionals are also responsible for managing the debt and equity funding. 

A Bachelor of Business Administration in Finance is a three-year degree preferred by students and recruiters. The most lucrative job offered by this course is investment banking. It includes mergers and acquisitions, IPOs, restructuring and raising debt. Other jobs are becoming financial managers, analysts and insurance managers. The recruiters are companies like Infosys, HDFC, ICICI Bank, Wipro and Amazon India.

Finance is the backbone of any business and the graduates learn effective resource management and digital advancements. It combines economic, statistical and mathematical tools. Entrepreneurship spirit is one of the benefits offered by this course. It is a course that combines communication, management, strategy and technology. 

Students with a minimum of 50% marks or more in class 12 from any recognised board and school are eligible to enroll. Admission to this program is done based on merit or entrance exam scores. CUET UG, AIMA UGAT and SET are some entrance exams students need for admission.

The subjects taught include corporate finance, finance derivatives, international finance capital markets, venture capital, microeconomics and macroeconomics.

The fee for this course ranges from ₹ 0.74 lakhs to ₹ 13.40 lakhs. The average package from the top institutes is ₹ 4.65 lakhs per annum to ₹ 8.22 lakhs per annum.

A Master of Business Administration in Finance is a two-year degree preferred by students and recruiters. In layman’s language, it offers expertise in issues involving money. It is good for students with sharp quantitative skills who enjoy playing with numbers. The most lucrative job offered by this course is investment banking. It includes mergers and accusations, IPOs, restructuring and raising debt. Other jobs are becoming financial managers, analysts and insurance managers. The recruiters are companies like Bank of America, HSBC, Goldman Sachs and JP Morgan.

Finance is the backbone of any business and the graduates learn effective resource management and digital advancements. It combines economic, statistical and mathematical tools. Entrepreneurial spirit is one of the benefits offered by this course. It is a course that combines communication, management, strategy and technology. 

A three-year graduation degree in any course from any accredited university. A score of GMAT/ CAT/XAT/CMAT/ CUET, as decided by the college, an appealing resume, work experience and Class 10th and 12th exams are given weightage.

The subjects taught include corporate finance, finance derivatives, international finance capital markets, venture capital, microeconomics and macroeconomics.

The fee for this course ranges from ₹ 1 Lakh to ₹ 38 Lakhs. The average package from the top institutes is around 28 LPA. 

What is Financial Management

Financial management is the calculated planning, organising, directing and controlling of the financial activities in the company or any firm. The degree program named financial management involves the use of management concepts in the financial resources of the company. Professionals qualified with a degree in finance are responsible for ensuring that the company has sufficient funds needed for the betterment of the company. Making sure that the shareholders of the company receive good returns on their investments. Making sure that the company’s money is utilised effectively and efficiently. This will allow the company and company officials to generate actual and safe investment opportunities. 

The syllabus of the degree program in Financial management varies across institutions. Topics are cost and benefit analysis, planning a budget for the company's financial year and resource management.

Other topics such as microeconomics and macroeconomics educate about the market, demand and supply forces of the economy and policies that are responsible for controlling a business. Cost accounting and higher accounting educate about how to analyze the fixed costs and variable costs incurred by the company in every transaction.

Corporate finance instructs how to establish and accomplish financial objectives, how businesses fund their daily business, pay employees and reduce expenses.

Finance students learn thoroughly about taxation so that they can assist companies or their businesses with taxes. They are instructed about how to get exempted from certain taxes and complete the ones required. Investment, trading, cryptocurrency and share markets are discussed with the students. Risk management is a valuable topic to support the company in case of economic crisis.

Cost accounting and advanced accounting educate a student to analyze the company's fixed costs and variable costs incurred in every transaction.

The topic of corporate finance educates students on how to establish and attain the financial objectives of a corporation, how firms fund their day-to-day operations, remunerate the employees and reduce expenses.

Taxation is learned by finance students so that they may assist companies or their own businesses with taxes. They learn how to exempt themselves from certain taxes and complete the required ones. Investing, trading, cryptocurrency and stock exchanges are also taught to them.

Subjects 

A degree in Financial management has a special and main focus on finance, regulatory laws and investments. The syllabus will comprise core subjects including electives like investments, finance, marketing, corporate finance, infrastructure finances and many others. 

In the MBA programs in Financial Management students are introduced to fundamental management concepts like microeconomics, corporate social responsibility, marketing research etc. In the latter semesters students are introduced to subjects focused on finance management like gold monetization, cash management of the firm and many others. 

Skill development 

After completing the degree in Financial Management an array of vibrant and diverse skill sets is acquired by the individual. These skills enable the person to learn how to manage money in the business as well as in personal life which is very important to learn in today’s scenario. With the help of such skills students learn to make intelligent financial choices. 

Another important skill is to able to read and understand the money record or money data and also gather an understanding of how people are making money and spending money. One needs to learn how to plan and monitor the budget so that expenditures will never be more than income. That is why a degree in financial management educates students on how to make investment choices that will allow them to increase their wealth and reduce the risks. 

One will learn different financial topics related to markets such as stocks, bonds and real estate and how to employ professionals to generate profits. Furthermore, professionals acquire forecasting skills that will enable them to predict the future of the firm related to financial conditions based on the existing information. 

Familiarity with the financial rules and regulations of the company is another important area of study. This is to make the financial activity legal and moral. Communication skills are also improved as you are often required to provide finance reports and explain difficult things in simpler language to other people. 

Development of Advertisement Skills: After completing the degree in Finance, the candidate will be able to communicate verbally. Financial literacy for conveying the meaning of financial terminology and concepts. This is important as some stakeholders might not belong to the finance industry. For any collaboration, interpersonal skills, adaptability and an eye for detail are very important.

Development of Accounting Skills: Accounting skills are necessary for understanding a company’s performance. Anybody proficient in understanding financial documents like annual reports, income statements and balance sheets is suited for this course.

Development of Managerial Skills: A degree in Financial management develops the management skills in the candidates. Professionals like general managers, financial managers, operation managers and financial investment analysts require management skills to prepare a budget whether annual, semi-annual or quarterly budget to decide the amount allocated for each sector.

Overall a degree in Financial Management prepares you to make intelligent money management decisions, make good financial decisions and bring success to firms or yourself.

Career Prospects 

After completing the degree in Finance an array of career opportunities are available for professionals across various industries. One of the most common jobs is becoming a financial analyst where one would be responsible for analysing the financial data to make informed decisions. 

Students can become a financial analyst or financial planner. Here they would be responsible for managing the finances and planning their future. A lot of these professionals can choose to become accountants, working with taxes and preparing financial reports. They are focused on making sure that every transaction is legal. 

Someone interested in banking might find work as a banker where they would be responsible for granting loans, maintaining accounts and consulting with clients to make investments. Another choice is investment management where one would assist clients in selecting the most suitable investments for their objectives.

People interested in making a career in investment or banking can work in insurance companies where they assist individuals or companies to protect themselves against financial risks. Financial managers are required in most companies to manage budgets, investments and financial planning. 

People can find jobs in government, non-profit organizations and foreign businesses. The skills that a person can acquire throughout this degree are useful and with experience one can advance to leadership positions such as Chief Financial Officer (CFO) or even become an entrepreneur. The job opportunities are extensive and the need for financial specialists is increasing in various industries.

Future Scope 

Finance career study offers lucrative jobs today and in the future. The top recruiters rate very high the experience and intelligence that finance graduates have to offer. FinTech has wonderful opportunities for these students. The thriving capital market and growth in stock market investors is the trend. More investments create a higher demand for finance enthusiasts who can advise on investment. With the introduction of blockchains and cryptocurrencies, job opportunities will increase. Customer behavior and market trends insights are a major requirement of this profession. As globalisation has been rising gradually cross-border investments and international transactions have been more. Following the pandemic, risk management became more essential, which in turn resulted in transparency and sustainable investment techniques. There is a shift in banking following the digitization of the economy and mobile payments. Because a degree in finance educates on the foundation of a level of expertise in money management, it offers a career that will never go out of style, be it an industry. Students of finance also learn the range of profitability and expenses of firms

There is a scope for higher studies as candidates can become skilled in different skills like communication skills, time management skills and decision-making skills. With the assistance of these skills candidates will get a good job opportunity in deemed firms. They can pursue an MBA in finance and other finance courses.