Career in Financial Management | Career Path for a Financial Manager


What is Financial Management:

Financial management shows the efficient and effective management of wealth (money) in order to fulfill the organization's objectives. This is a direct affiliate job with special top management. The importance of this ceremony is not seen in 'line', but 'staff' in the overall capacity of the company is also in capacity. It is defined by different experts in different areas. Learn more, meaning, FM in Hindi (definition of financial management), what is the definition of financial management?

As we know in this era, each business activity is directly or indirectly related to finance. The activities of production, marketing, purchasing etc. are involved in the financial aspect. Career in Financial management have those problems which are closely related to the problems of purchasing, production and marketing. Thus, in the activities of all departments, the problem of finance lies in some form.

Entrance Exam for Admission to these Courses:
  • Common Aptitude Test (CAT) - Once a year
  • Management Aptitude Test (MAT) - Four times in a year (February, May, September, December)
  • Xavier Aptitude Test (XAT) - Once a year
  • SNAP- Once a year (for colleges of Symbiosis)
  • C-Matt- Twice a year
  • Others - IBSAT, NMAT, IIFT, MICA, MH-CET etc

Those colleges in which provides these courses for career in Financial Management:

  • Narsee Monjee Institute of Management Studies (NewS), Mumbai
  • Symbiosis Institute of Business Management (SIBM), Pune
  • Master of Finance Control. Delhi University
  • Institute of Financial Management and Research, Chennai
  • Indian Institute of Management (IIM)
  • SP Jain Institute of Management and Research, Mumbai
  • Indian School of Business (ISB), Hyderabad
  • Javier Labor Relations Institute (XLRI), Jamshedpur
  • Indian Institute of Foreign Trade (IIIFT), Delhi
  • Management Development Institute (MDI), Gurgaon

Course Fees and Placements:

According to the course fees college and usually it is about 8 to 18 lakh rupees, but after the placement the money is collected. The list of big companies such as Google, Facebook, Microsoft, Tata, ITC, Nestle, Aditya Birla Group etc. are quite long, which gives jobs to students of this field on large packages.

Development in the Field of Financial Management:

Development in the field of financial management is entirely according to the economy. The choice of career in financial management is challenging, but it is also full of diversities and good salary, incentives and promotions.Business Administration Master's Degree is now considered to be the best of success. MBA is such wider qualification that prepares the candidate to know and understand all the major tasks of any business.

For those who complete this course the job opportunities box opens.There is a demand for such skilled people in every area related to marketing, human resources, financial management and business. Most business schools also have facilities for campus placement.

To make a career in Financial Management; Who can To do this:

Business Management is a course, in any subject, a bachelor's degree in which 50 percent marks should be passed along with 45 percent marks in the case of Scheduled Castes and STs. It is not necessary that after graduation exams should be admitted to the MBA immediately. This degree can also be achieved later.

What are the duties of Financial Managers:

If the company is large, then there is a group in its state that people who deal with financial flows. The initial work, which is done by the financial manager, is the structure of the organization, which allows to allocate and control the funds effectively. He is obliged to reveal the magnitude of the company's need for financial injection. We are looking for alternative sources of funding and their development with the final outcome.

A financial manager should always be aware of the situation that has developed in the market at this time. He regulates the price and level of fluctuations in addition to demand and supply. This is the reason why a person who claims to claim should strive for a status, a friendly, economically educated, eager, self-improvement. It should fully navigate the structure of market and finance. Your job depends on the welfare and prosperity of any company.

Salary Package you Get after Completing Financial Management:

City Name

Average Salary (per annum)

Bangalore

Rs. 2.5 Lakh – Rs.18 Lakh

Delhi

Rs. 2.3 Lakh – Rs. 23 Lakh

Mumbai

Rs. 2.7 Lakh – Rs. 24 Lakh

Chennai

Rs. 2 Lakh – Rs. 14 Lakh

Hyderabad

Rs. 2.1 – Rs. 17 Lakh

Ahmedabad

Rs. 2 Lakh – Rs. 9 Lakh

Vadodara

Rs. 1.8 Lakh – Rs. 7 Lakh

Surat

Rs. 1.75 Lakh – Rs. Rs. 4 Lakh

Kochi

Rs. 1.75 Lakh – Rs. Rs. 14 Lakh

Patna

Rs. 2.5 Lakh – Rs. 8.5 Lakh

Note: Bangalore is a city which is considered as the highest salary payer to those who are MBA Finance whereas in comparison other cities pay lower salaries than Bangalore. Metropolitan cities pay good amount of salary to MBA Finance and the other cities pay lesser salaries than many metropolitan cities. The starting salary of all the cities are almost similar but with the experience of employees, metropolitan cities make higher appraisals than other cities do.

Career Approaches in Financial Management:

Our study programs and courses are in career-oriented nature and provide students with a high level of flexibility during their undergraduate studies. By focusing on a wide range of special subject matters, all students are well equipped with the necessary skills and knowledge to succeed in today's global economy, and are prepared for a wide variety of professional development and career opportunities.

Graduate programs are an excellent for making career in financial management and choice for college and university graduates lately and would like to see their employment in increasing the job market today by obtaining a relevant academic qualification in the field of business and management engaging in academic challenging undergraduate studies.

At graduation level, students primarily start or advance their careers in the middle with central and multinational companies and high level management positions in organizations in various economic areas. Others decide to start a new business venture or join an existing family business. Students can also choose to further their career prospects without continuing interruption in almost any of our other undergraduate and postgraduate programs

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Date: 30 May 2019

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