Financial Management refers to the efficient and effective management of funds so that the goals of the organization can be realized. The task of finance management is the specific task of the top management of the organization.

In human life, two types of verbs are usually edited – economic actions and non-verbal actions.

Under the economic actions, we include all those actions which have direct or indirect involvement of money such as roti, clothes, house arrangements etc. Puja, and other social and political functions can be included under non-verbal actions.

When we pursue a business or do some kind of business or do some profession by adopting certain technical skills, we first need the money which we call capital.

Just as oil, gas, or electricity is needed to run a machine, in the same way financial operations are required to operate any financial organization. Hence the management of priceless elements like finance is called financial management. The amount of money needed for the business, where the money will be received from and how the usage will be done in the organization, the financial manager has to find answers to these questions. The objective of the business is to earn maximum profit, which can be done in two ways.

  1. By increasing the value of the manufactured item or selling the item in excessive profit
  2. By reducing the production cost of the manufactured goods or by taking less profit on the item purchased, the higher the sale.

The main purpose of financial management is to maximize profit and business assets. Due to competition, we can not think of the first option. To run the organization for a long time, the other option is to reduce the production cost of the goods and to maximize the profit only by selling a higher amount of the goods purchased.

What is the Financial Management Course?

Financial Management Course is affiliated with Financial Planning, Accounting and Planning Strategies for the beneficial development of the organization. The aim of these courses is to provide financial skills to the students / candidates so that the budget can be prepared with the determination of resources for different departments of the organization. Whether it is any industry related to banking, financial services, NBFCs or corporate, financial management course includes all the topics and issues that develop your understanding of all these fields as well as other fields or issues to master your issues. will do.

What does the Finance Manager do?

The job of the finance manager is to present financial reports and to infuse the financial information so that management can make all the necessary decisions based on the financial position and strength of the organization. Finance managers are also busy creating strategies to strengthen the organization’s financial health or economic status. Their work does not end here, they do all the work related to cost, pricing, variable contracts, sales and revenues so that the profits of the organization can be extended continuously.

To run smoothly all the activities of any organization, a finance manager is the ‘life line’ of that organization.

How many types of financial management courses are there?

After passing your 10 + 2 class you can make Financial Management Courses. If you do not want to spend too much time to do undergraduate courses then you can do diploma courses. However, if you want to get higher studies, taking admission in the undergraduate course will prove to be a great decision. The details of various types of courses in the field of Financial Management are given below for your convenience:

Diploma Courses in Financial Management

Students can do the diploma course immediately after passing the 10 + 2 class. The duration of this course is 1 year.

Undergraduate Courses in Financial Management

The term of undergraduate courses in Financial Management is 3 years. Undergraduate course in Financial Management is known as BBA Degree.

Postgraduate Courses in Financial Management

The postgraduate course in Financial Management is of 2 years. This degree is usually known as the MA / MBA degree in Financial Management.

Doctoral Courses in Financial Management

After receiving a postgraduate degree in an affiliate subject, you can get a Doctorate course in Doctorate of Philosophy (PhD) in Financial Management. The duration of the doctoral course is 3-4 years.

How to get admission in Financial Management Courses?

Many recognized universities and institutes offer financial management courses. However, each college / institution has its own separate Entrepreneurship Examination, Eligibility Criteria and Admission Process.

Therefore, it is very important for you to get information about the necessary conditions related to these courses to get admission in these financial courses.

Eligibility criteria

The first step in the admission process is the Eligibility Criteria. If you get complete information about the Criteria mentioned in this section, then you can apply it very easily to the said course.

Therefore, for applying to the Financial Management Course, let’s get information about the eligibility criteria for each level:

Diploma level

After passing the 10 + 2 class you can do diploma course in Financial Management.

This diploma level course includes basic details about fixed and working capital required for financial markets, corporate finance and business.

Undergraduate level


• IPMAT 2018

• NPAT 2018

• Symbiosis Entrance Test (SET)

• AIMA UGAT 2018


Postgraduate level

• CAT (Common Admissions Test)

• AIMA-MAT (Management Aptitude Test)

• XAT (Xavier Aptitude Test)

• IIFT (Indian Institute of Foreign Trade)

• SNAP (Symbiosis National Aptitude Test)


• CMAT (Common Management Admission Test)

• IBSAT (IBS Aptitude Test)

• MICAT (MICA Admission Test)

• MAH – MBA / MMS CET (Maharashtra MBA Common Entrance Test)

Doctoral level

• Research Management Aptitude Test (R-MAT)

• Symbiosis University PhD 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 Examination

• Indira Gandhi National Open University (IGNOU) Entrepreneurship Examination

Sub-specialization courses under Financial Management

Financial Management Graduates can make specializations in the following subjects so that they can become recognized in their industry. Although the subject courses given below are a part of Curriculum but you can choose one of these topics and make a career in it. The list of sub-specializations for your comfort is given below:

Portfolio analysis

If you do specialization in this subject then you can start your career as a portfolio analyst. After this, your job will be to study the economic trends, capital market reports, to unify the accounts in securities, and to create reports so that the capital and money market instruments invested in capital can be shown.

Money and Capital Markets

This topic will provide understanding and information about financial agents such as stocks, bonds, commodities, derivatives and kurrençes. Other aspects such as Capital Market, Bond Market and Money Market etc. will also be discussed in detail with theories.

Security Analysis and Portfolio Management (SAPM)

Students interested in making a career in the stock market must study the subject SAPM. Under this topic, many topics such as futures and options, portfolio theory and aggregate pricing, bond valuation and analysis and behavioral finance are included. The purpose of this subject is to broaden the scope of knowledge of students and to provide 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 Indicators of Financial Health in Rural Areas.

Risk management

Every business faces the risk at every step. Factors that can be controlled on your business or uncontrolled living factors will be affected, this topic is taught about the subject. Financial Risk Management helps you to get the information about financial risks related to any business, as well as to get you the skills to deal with those risks.

Top Institutes for Financial Management Courses

Financial Management Courses are conducted by various B-schools in India. The courses offered by each university can be different from the curriculum of curriculum other universities. If you want to make a career in financial management, then you can see the list of different MBA institutes mentioned below. The rankings of these institutes have been issued by the NIRF, Ministry of Human Resource and Development (MHRD) and these rankings are appropriate for the quality of education provided to students by


1 – Indian institute of management


2 – Indian institute of management


3 – Indian institute of management


4 – Indian institute of management


5 – Indian institute of technology


6 – Indian institute of management


7 – Indian institute of technology


8 – Indian institute of technology


9 – Indian institute of technology


10 – Xavier Labor Relations Institute


Source: NIRF Rankings

Career Prospects Associated with Financial Management Courses

There are plenty of job opportunities for the Skilled Professionals in the field of Financial Management so that empty posts of organizations can be filled.

Whether you have done a diploma, degree or doctoral course, you are given the designation and salary in the industry on the basis of your education level and work experience.

Therefore, let’s discuss about current hiring trends in the field of Financial Management all over the Business World:

Popular Job Titles to Offer to Financial Management Graduates

For a fresher, getting a job in a financial firm, company or market is the basic premise of his career. The finance of the finance graduate is very dynamic as it is necessary for them to cooperate with other departments of the organization and if necessary, they have to come forward and interact with the customer.

Here are some of the popular job designations that Finance Graduate can join after completing their course:

  1. Finance Manager
  • Financial Planner

  • Financial Analyst

  • Financial Auditor

  • Investment Banking Analyst

  • Actuary

  • Accountant

  • Investor Relations Associate

  • Salary Prospects for Financial Management Graduates

    Salary becomes an important factor when you choose a career for yourself. For Finance Management Graduates, there is nothing to worry about salary, because the industry offers good salary to the skilled and talented candidates, provided they are expert in their field of work and they are fully aware of the latest updates. The salary details given to Finance Graduates are as follows:

    Years of work experience

    Salary (lakh rupees)

    Less than one year 190000-700000

    1-4 years। 240534 – 1211501

    5-9 years 487126 – 1530296

    10-19 years। 401482 – 2014703

    20 years and above 481653 – 2442522


    Top Brands For Finance Managers

    There are many job opportunities today for candidates who specialize in the domain of finance. Whether it is a firm or a company or a company, banks, government departments and agencies, educational institutions etc., there are many job options available for professionals associated with the finance domain in all the institutes. Therefore, according to the ranking given by ‘’ here, a list of the most prominent Indian brands is presented in the Financial field.

    You can choose one of the best brands for you from this list. Let’s read:

    1. State Bank of India
  • LIC

  • ICICI Bank

  • HDFC Bank

  • Kotak Mahindra Bank

    1. IDBI Bank
  • Canara Bank

  • Union Bank of India

  • Indian Overseas Bank

  • Central Bank of India

  • SBI Capital Markets Limited

  • Bajaj Capital Limited

  • DSP Merrill Lynch Limited

  • L & T Finance Limited

  • Karvy Group

  • Most financial managers start their career at the grassroots level and usually do professional accounting qualifications with ACCA, CIMA or CIPFA.

    You can take the role of financial manager in the later stages of your training or you can get some experience later. The expertise offered by a financial manager is highly transferable.

    Although training can be taken in an engineering company, for example, the acquired knowledge and skills can be applied in the industry or in any other environment in commerce. Many financial managers use their knowledge to get out of finance and into a more general management role, such as the HR Manager.

    Others decide to specialize in an industry, such as education. On the basis of experience, some finance directors or managing directors proceed for the role.

    In these roles, knowledge about a company running day is necessary.

    However, for an other role from one role within an organization, is not related to either related or finance, you may still need to take further professional training. Fellowships can be provided after a specific period in service with professional bodies like ACCA and CIMA.

    It can help you to show that you have reached a certain level and can help in the career progression. Financial management provides good opportunities for working abroad.