Career in Financial Management

Published On: 28 Jun 2012

 | Last Updated On: 04 Jul 2012

Financial Management is the management of the finances of a business or an organization in order to achieve financial goals. Sound financial management is essential in all types of organizations whether it be profit or non-profit as it involves efficient use of the resources. A financial manager is required to ensure that sufficient funding is available to meet the needs of the business like investment in equipment and stocks, payment for employees and fund sales made on credit. In a country like India where resources are scarce and the demand for funds are many, the need of proper financial management is enormous.

Courses & Eligibility:

Most of the universities offer education in financial management at the post graduate level. Generally, for undergraduate courses, the eligibility is 10+2 with 50% marks and for post graduate courses, the aspirant must be at least a graduate, preferably in commerce. Students are selected through an entrance examination followed by group discussion and a personal interview.

Career prospects:

Finance is one of the most important aspects of business management. Without proper financial planning a new enterprise is unlikely to be successful. Managing money (a liquid asset) is essential to ensure a secure future, both for the individual and an organization. Generally MNCs are hot destinations for candidates qualified in financial management.

Remuneration:

A beginner can expect a salary between Rs 15000-Rs20000. Remuneration depends on the nature of the organization and one's experience .

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MBA Colleges in India

Anna Mathammal Sheela Engineering College

Namakkal, Tamil Nadu, India

A nnai Mathammal Sheela Engineering College has been established and run by Mathammal Sheela Trust. Tharamangalam with a view to serve the rural area. The object of starting the instruction is to supplement Government's efforts to provide professional education to...

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Annai Mathammal Sheela Engineering College

Namakkal Dist., Tamil Nadu, India

Annai Mathammal Sheela Engineering College (AMS), Namakkal was established in 1996. Their commitment to the academic excellence and global quality is today a benchmark for the field Engineering, Technology, Management studies and Computer Applications. AMS is a...

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Bharata Mata Institute of Management

Kochi, Kerala, India

Bharata Mata Institute of Management (BMIM), Kochi was established in 2005 has already, carved a niche in the temple of management education both in the country and abroad. BMIM is affiliated to Mahatma Gandhi University and approved by AICTE. BMIM believes that...

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Dream CallNet, Mathura Branch

Mathura, Uttar Pradesh, India

Dream CallNet Institute was established in 2005 with a joint collaboration with the leading Call Center training Institute. As a group they have seasoned management gurus and IT professionals with comprehensive work experience. It is dedicated to provide total IT...

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G.L.A. Institute of Business Management, Mathura

Mathura, Uttar Pradesh, India

GLA Institute of Business Management is one of the top performers in the state with over 600 students and 43 faculties, offering a wide range of specialization with flexible and dynamic curriculum, exciting research and corporate connections are the features that...

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