Financial Management Courses in India

Financial Management is the management of the finances of a business / organisation in order to achieve Financial objectives. A Financial Management works to create wealth for the business, generate cash and provide an adequate return on investment bearing in mind the risks that the business is taking and the resources invested. Financial Managers are Finance Specialists who use their knowledge of investments, tax laws, insurance and real estate to recommend financial options to organisation or individuals based on their short-term and long-term goals. Financial Managers are also known as Financial Planners Financial Consultants, or Personal Financial Advisor's.

Some of its specialized fields are -

• Management of Financial Services.
• Financial Systems.
• Financial Audit.
• Strategic Cost Management.

Content

The study of this field includes all or few of these –

1. Quantitative Techniques for Managerial Decision Making.
2. Management of Financial Services.
3. Security Analysis and Portfolio Management.
4. International Business Finance.

Objectives

• To contribute to the growth and development of a Company in a major way.
• To create and develop new strategies which benefit everyone from top to bottom.
• To promote ethical practices which go long way in establishing such practices as compulsory in every Organisation.

Basic Requirement

The minimum Educational Qualification needed to join M.B.A in Financial Management requires Graduation in any discipline and the admission is based on written test, group discussion and interview. 

Financial Management Courses:

1. Chartered Financial Analysis (CFA).
2. MBA with specialization in Finance and Marketing.
3. Chartered Accountancy.
4. Cost and Management Accountancy.
5. Management of Business Finance.
6. Certified Treasury Manager.
7. Certified Public Accountant.
8. Certified Investment Banker.
9. Certified Risk and Insurance Manager.
10. Fellowship Program in Finance.
11. Basic Business Finance.
12. Foundation in Financial Planning.
13. Management Development Programs.

Some of the Major Institutes offering courses in Financial Management:

• Institute for Financial Management and Research (IFMR), Chennai.

• National Institute of Financial Management (NIFM), Faridabad, Haryana.

• Association of Financial Planners, Mumbai, Maharashtra.

• International College of Financial Planning, Connaught Place, New Delhi.

• Wigan & Leigh College, New Delhi (Centers in Mumbai, Kolkata, Bangalore, Hyderabad, Pune).

• Financial Planners & Advisory Academy Pvt Ltd., Mumbai, Maharashtra.

• Institute of Chartered Financial Analysis of India (ICFAI), (branches all over India).

• Institute of Financial and Investment Planning, Mumbai, Maharashtra.

• Bangalore Management Academy (B.M.A.), Marathahalli, Karnataka.

Personal Attributes

Those who aspire to step in the Field of Financial Management need to have all the nitty-gritty of the Financial World. One should also posses good communication, analytical and interpersonal skills. One should also keep himself or herself updated with current Global Financial Scenario.

Job Perspectives

Money, Capital or Finance is what makes every business possible and for a successful business this capital has to be managed very carefully. In the existing economic scenario each and every company requires Financial Experts who can cut off the cost and maximize their profit. As such Financial Management Professionals are in great demand in the both Big Corporates and Small Firms. Not only this, the shift from simple to integrated control systems based on Enterprise Resource Planning (ERP) has created unique opportunities for trained professionals in the required scenario. So Job opportunities in the field of Financial Management are plenty. The highest post that one can acquire within a company is that of the Chief Financial officer (CFO) or Director (Finance). Financial Management also provides really good job opportunities abroad. International Financing, including lending and borrowing provide a major area of operation for such professionals. One can also find job opportunities in MNCs and even in Multi-Currency Trading. 

Remuneration

Salary varies by industry, location, and size of an organization (Financial Managers in large organizations generally earn more than those in small ones). A fresher in this field, especially an MBA Graduate can except an initial payment of about Rs. 10,000-30,000 per month in a big corporate. A Senior Financial Expert can get nothing less than Rs. 50,000 to 1.5 lakh depending up on his / her performance. 

Some Job Types

• Finance Controller.
• Treasurer.
• Finance Officer.
• Credit and Cash Manager.
• Risk Manager.
• Insurance Manager.
• Chief Financial Officer.
• Director of Finance.
• Consultants.

Some Employment Areas

• Banks.
• Insurance Industry.
• Charity Associations.
• Business Schools.
• Savings and Loan Associations.
• Credit Unions.
• Mortgage Companies.
• Finance Companies.
• Consultancies.