- Fees: ₹ 755,000
- Exams: CUET
What is Finance
Finance, as the name suggests, deals with the study and management of money and investments. The study of finance mostly focuses on how money and investment are handled by the individual, company, or government.
Finance is a very vast term that studies the activities that are associated with banking, debit, credit, loan, capital markets, and also many other aspects related to finance.
Finance is a broad term and needs to be studied with concentration as it is more focused on the management of money. The main motive of finance is to help people save, manage, and also properly raise their money.
The candidates in this field get hired at good job positions after the completion of their education. After completing their bachelor’s degree, they can pursue higher education in the field of education. The candidates are hired as Financial Risk Manager, Finance Manager, Bank Manager, and more.
Eligibility Criteria (UG & PG) of Finance
To be suitable to pursue a finance course, it is very important to fit in the eligibility criteria.
For Finance Undergraduates:
If the candidate wants to pursue a course in finance, then they should be eligible and must have passed 10+2 with at least an average of 60%.
The eligibility criteria is a bachelor’s degree in any stream with a minimum aggregate of 50% marks from any recognised college or university.
There are some entrance examinations that the candidate has to appear for to get admission into B-schools.
Entrance Exams for Finance
The admission to the finance course is based on the scores that they secure in the entrance examination. Some of the colleges provide direct admission in some cases.
CAT - Common Admission Test is for students who aspire to pursue a course in management and business administration. The examination is conducted by IIMs that is the Indian Institution of Management.
GMAT - As the name suggests, the Graduate Management Admission Test is the standardised test that is designed specifically for admission to graduate business and management programs.
NPAT - It is an exam conducted for undergraduate admission to the course. The candidates who clear their 12th with a minimum of 60% marks are eligible to appear for the NPAT exam.
Scope of Finance in India and Abroad
The graduates find employment in the organisations that are required to maintain the balance of the finances in all the sectors.
There is an immense demand for individuals in this field who are from financial backgrounds because every organisation needs financial intelligence and also stability in their company to grow their business. The job opportunities in the finance field are global that is not only in India but also in Abroad.
The doors to more opportunities in the field of finance keep increasing as the scope of this course is going to be high in the coming years.
Therefore, the scope and the demand for finance cannot be less as we need finance in every aspect of our lives be it individual, company, or government bodies.
The students in finance get various opportunities in the field, and also the scope of this field never stops.
Finance is required by all of us, and also the professionals in this field are required to guide us for our financial investments.
Course Fees Finance
|Minimum Fees||Maximum Fees|
The subjects included in the finance course encompasses management and business subjects, along with giving students the training about how to manage the financial field. The subjects include the core subjects for better understanding.
The course includes lectures, discussions, lessons, case studies, interactions, and other group activities to make them clear with the course without any doubt in it. The subjects are:
Fixed Income Securities
International Business Economics
Management of Financial Services
Careers in Finance
Career opportunities have a huge demand for professionals in the field. The students can also go for higher education after completing their graduation.
There is no less demand as the field of finance is one of the most important fields in every aspect as it is needed in everyone’s life. It is very important to balance the finances.
A career in the field of finance is interesting and attracts young minds to become professionals in the field who have the desire to pursue this course.
The individuals who have an interest in economics, and also in accounting and can grasp and get knowledge about the market should opt for this course because finance is all about managing money.
The professionals in this fieldwork and deal with the capital market, debt market, hedge funds, and many other sectors.
The professionals who wish to pursue a course in finance should be very aware of the markets and the changes related to finance.
The digital transformation is making everyone get adapted to the changes in the fields. The finance field includes digital transactions where people can make money transactions easily with applications available on the smartphone.
Earlier, there were times when people used to not have enough cash with them to pay, but now with the help of technology and the creation of new applications available on the smartphone, we don’t need to worry about money transactions.
The various applications on our smartphone help us to pay the exact amount and also keep the records in our smartphone.
The upcoming trends and topics in the finance field keep changing with every change that keeps coming in the market, making it easy for the customers to access the information.
Instead of going to the bank and doing the financial transaction, you can just do it with the help of an application in your phone, which also helps you to keep a record of the transactions. Some of the upcoming trends are:
One Platform, Many Services
Blockchain and Big Data
Communication and Consumer Education
Job Profiles and Top Recruiters
Job Profiles Offered to Finance Graduates
Some of the job profiles in the finance field are as follows:
The Business Analyst helps with analysing the data and using it in an appropriate way to increase the financial profit of the company.
They also provide various suggestions from the insights of the organisation.
A Finance Manager is the one who reviews the financial reports, prepares activity reports, financial forecasts, and also monitors the accounts to look after the financial requirements of the organisation if any.
The Operation Manager is responsible for the smooth functioning of the operations department of the organisation.
They also have to make sure that the needs and requirements of the operations department are fulfilled.
A Bank Manager supervises and manages the bank in all the other departments wherever required.
A Relationship Manager has to make sure that the overall relations of the company in terms of finance are looked after.
Finance Field Top Recruiters
Some of the Recruiters in this field are:
The salary package in the finance field is high based on the individual’s prior work experience if any. But the average salary in this field keeps increasing.
Rs. 9 to 12 Lakhs p.a. (Approx.)
Rs. 6 to 9 Lakhs p.a. (Approx.)
Rs. 7 to 10 Lakhs p.a. (Approx.)
Rs. 11 to 14 Lakhs p.a. (Approx.)
Rs. 7 to 10 Lakhs p.a. (Approx.)
Required Skillset for Finance
The skills in the field of finance are vast and also need the professional to have these skills to grow in the field.
- Financial Reporting - The professionals in this field should have the ability to summarise and then present complex financial data in an organised manner.
Interpersonal Skills - Interpersonal Skills are used to communicate and interact with the people and the team members of the organisation. They should be active listeners and also be able to communicate and convey the information efficiently and effectively.
Analytical Ability - It is the ability to interpret information in small categories to come to certain conclusions. This also includes logical reasoning, communication, and data analysis.
Management Experience - They should be able to understand, deploy, and develop people and their skills. They should be able to manage the team members and make sure that they work efficiently in a team.
Work Under Pressure - There are times when they need to submit a document or any other file before the deadline, and when there is a hurry. So, they should make sure that they will be able to work under pressure.
Course Curriculum for Finance
The course curriculum includes a study of core finance topics, which include accounting, finance, and financial valuation. The curriculum comprises subjects that are required with a variety of advanced subjects which will help you to understand the course better. The course provides a strong experience with the fundamentals of finance.
The main motive of the course curriculum is to develop an interest among the students regarding the different areas of finance. The course aims at teaching the students the skills and giving them knowledge so that they can work in any Finance sector.
Therefore, the main objective of the course curriculum is to make sure that the students acquire enough knowledge and all the required skills in this field so that they will be able to work in any of the sectors that come under finance.
Popular Finance Entrance Exams in India
Popular Finance Colleges in India VIEW ALL
Frequently Asked Questions (FAQs)
Question: What are the job profiles in finance that pay the most?
The salary packages are different for every job profile depending on which job profile you’re working for. Some of the highest paying finance jobs are Investment Banker, Financial Advisor, Insurance Advisor, Senior Accountant, Hedge Fund Manager, and Financial Analyst are some of the job profiles that pay most in the Finance sector. The salary packages increase accordingly with the gain in work experience.
Question: Is pursuing a career in finance a good career choice?
Yes, pursuing a career in finance is a good choice for you if you’re someone who has the desire to learn and know about economics, different financial issues, then this is a good career choice for you.
A career choice in finance is good because finance is one such field that is required in every aspect of an individual’s life, companies, and also government bodies.
Question: What is the main purpose of finance?
The main purpose of finance is to help people save, manage, and use their money according to their needs and requirements. The professionals in this field get to know the main purpose of finance eventually while studying the subjects. Therefore, the main purpose of finance is to save and manage money.
Question: How do I get admission to a course in finance?
If you want to pursue a course in finance, then you need to fulfill certain formalities. There are some colleges or universities that provide direct admission to the course, but most of the time, the individual is required to appear for entrance exams conducted by the colleges.
If you wish to pursue MBA in Finance, then you have to appear for the entrance exam and then appear for Group Discussion, and after qualifying for both these things you have to face the Personal Interview.
Question: Which are the entrance examinations that are conducted for admission to finance?
The entrance examinations conducted for admission in Finance are CAT, GMAT, NPAT and MAT are some of the important entrance examinations conducted for admission to finance.