Financial Resource

The constantly growing and evolving corporate sector in India has changed the way business is conducted in India. There is a more systematic and planned approach towards planning, execution and most importantly managing finances. The financial management of businesses has grown out of just record keeping maintaining credit/balance in ledger books. It is more professional, has wider implications and requires trained and experienced hands to effectively mange the finances of big and small enterprises. This has given birth to a higher demand of finance professionals to manage businesses. Consequently, the demand for financial management courses is also high in India today.

There are various specializations available in the field of financial management today. There are many institutes in India that offer courses in financial management. Courses like MBA in finance, CA, CFA, cost and management accountancy, basic finance courses, fellowship programme in finance are among the various options in front of the aspirants today. There are various other courses at the basic and advanced level to that one can pursue. There are degree, diploma and certificate courses in finance. A background in math, economics or commerce is most preferred to make a mark in this field.

There are many finance colleges and various private and government institutes offer these courses on different levels. The objective of the courses in financial management is to groom and build talent to prepare adequate workforce for financial management in the country. One can apply for these courses at the under-graduate level or post-graduate level. The options at the post-graduate are immense. If you wish to make a career in field of financial management, there are basic finance courses and foundation courses that you can start with. You need to have a basic aptitude to be able to pursue this field. A knack for finances, quick decision making, and an analytical approach towards business are just some of the various attributes that you must have.  

The career options in the field of financial management are quite bright. There is no dearth of jobs and considering the rate at which the Indian economy is growing, it is expected that there will be no shortage of jobs in finance for many years to come. In fact, jobs in finance are the best-paying jobs in the corporate sector today. That’s’ why, so many students today wish to pursue an MBA in finance or other financial management courses. To join courses such as Chartered Accountancy, Chartered Financial Analysis (CFA), MBA with specialization in Finance and Marketing, Cost and Management Accountancy, Management of Business Finance, Certified Risk and Insurance Manager, Certified Public Accountant, Certified Investment Banker, Fellowship Program in Finance, Foundation in Financial Planning or Management Development Programs, the basic requirement is to be a graduate. 

Once the course is completed, you can join an organization as a finance trainee, manager or expert, depending on the course that you pursued and any prior experience in the field. The job of finance professional is to effectively manage the finances in a way that the company makes profits. Keeping records, suggesting better management of money, controlling expenditure are just some of the tasks involved in the job. Those on senior positions are involved in making financial plans for the future, handling liquidity and many other intricate aspects of finance. Once you join a company with the required qualification, you can even grow to become the chief financial officer of the company with adequate experience. Thus, it is a promising career field.

In fact, there are career opportunities both in India for finance graduates. There is a huge demand for sound financial planners in companies across all sectors across the globe. To succeed in this profile, one has to keep oneself updated with eth current news and trends in managing finances. Needless to say that with the advent of technology, it has now become essential to be adapt at the use of technology to succeed in this field. There are various software programs that make finance work more systematic and flawless. Hence, it is important to be well-versed finance software too. Other than this, it is the sound decision making skills and crisis handling techniques. A good finance manager can do wonders to the fortunes of a company. Therefore, qualified and experienced finance professionals will never go out of demand.

Tags: business, finance, Financial, Management