Financial Management

Financial Management

Degrees offered: B.B.A, B.Com, B.Com(Hons), Diploma, Dual Degree, M.B.A, M.Com

What is Financial Management

Financial Management deals with managing the financial aspects of a business and helping them with various solutions to achieve the desired goals and objectives.

It deals with all the financial aspects of the business to help them in avoiding risks and helping them to troubleshoot their financial problems.

In India, various colleges and universities provide specialised courses in Financial Management. Students can pursue Financial Management courses at different levels, such as undergraduate, postgraduate, diploma, and other courses.

So, if you are interested in studying these topics and willing to make a career in this field, have a look at the details mentioned in this article, you should know about this field.

Eligibility Criteria (UG & PG) of Financial Management

Undergraduate Level

  • Must have passed class 10+2 examination or any other equivalent exam from a recognised board or university.

  • Students need to qualify in the relevant entrance exam to be eligible for getting admitted to the courses.

  • Students from a commerce stream or background have a good preference.

Postgraduate Level

  • Must pass 10 + 2 education and bachelor degree or any other equivalent exam from a recognised board or university. 

  • Must have secured a minimum of 50% aggregate marks during their Bachelor’s degree.

  • Students need to qualify in the relevant entrance exam to be eligible for getting admission into the courses.

Entrance Exams for Financial Management

Undergraduate Level

Students willing to have a career in Financial Management can go for various undergraduate courses related to the field and can pursue postgraduate courses for further specialisation.

Students can also go for their Bachelor’s degree at UG level such as B.Com (Hons) in Accounts or Economics with finance-related topics.

For specialised courses, students are admitted based on clearing the first level of the exams. While for the Bachelor’s degree, students are given admission based on merit or the score in the last qualifying exam.

Some colleges or universities may conduct their entrance exams as the admission criteria. In such a case, students should check the official website of the institutions to know regarding the entrance exam or any other procedure.

Postgraduate Level

Students can pursue various postgraduate degrees in Financial Management like MBA in Financial Management. Some colleges grant admission to students on a merit-basis and the other hand most of the colleges or universities admit students based on the percentage secured by the student in the entrance exams. So below are some of the entrance exams:

  • CAT– Common Admission Test is conducted by the IIMs annually all over India. Students are admitted to various management degree and diploma courses based on this entrance exam.

  • MAT – Management Aptitude Test is conducted by the AIMA four times a year. It is conducted all over India.

  • XAT– Xavier Aptitude Test is conducted by the XLRI for students to get admission to various management programs. It is a national-level entrance exam.

  • SNAP – Symbiosis National Aptitude Test is conducted by the Symbiosis International University for students to get admission to various management programs. It is a national-level entrance exam.

Doctoral Course

Students can pursue various doctoral courses in Financial Management, like a PhD or Diploma in Financial Management. These are the highest level of courses one can pursue in this field, and they are usually for 1 – 4 years.

  • SU PhD entrance exam – It is conducted by the Symbiosis International University for students to get admission to various PhD programs. It is a national-level entrance exam.

  • Aligarh Muslim University PhD. Entrance exam

Scope of Financial Management in India and Abroad

Financial Management is one of the highest-paid and stable jobs in India as well as abroad. Companies all over the world hire qualified professionals to look after the financial activities, help them to resolve issues, find solutions and help to grow the business. Liberalisation, Globalisation, and Privatisation have led to an enormous growth of opportunities in this field.

Today, many Indian companies are going for joint ventures in foreign countries, and more MNCs are coming to India. As a result, students pursuing courses in Financial Management have great career opportunities and scope both in India and abroad.

There are various employment areas and different types of job roles where students can build their career. Some students also get various scholarship programs and offer to study some part of the course abroad while pursuing courses in Financial Management.

Course Fees Financial Management

Minimum Fees Maximum Fees
Private Government Private Government
42.87 K
B.Com in Financial Management at BK Birla College of Arts Science and Commerce, Kalyan
1.50 Lakhs
B.B.A in Financial Management at Dr MGR Educational and Research Institute, Chennai
13.50 Lakhs
B.B.A in Financial Management at Jindal Global Business School, Sonipat
2.57 Lakhs
Dual Degree in Financial Management at Punjabi University, Patiala
5.90 K
M.Com in Financial Management at Catholicate College, Pathanamthitta
3.08 K
M.Com in Financial Management at University of Rajasthan, Jaipur
20.00 Lakhs
P.G.D.M in Financial Management at Madras School of Economics, Chennai
3.46 Lakhs
M.B.A in Financial Management at Gujarat National Law University, Gandhinagar
2.05 Lakhs
Ph.D in Financial Management at Bengaluru School of Management Studies GITAM, Bengaluru
Data not available
3.00 Lakhs
Ph.D in Financial Management at Bengaluru School of Management Studies GITAM, Bengaluru
Data not available
84.00 K
Diploma in Financial Management at NIMS University, Jaipur
19.70 K
Diploma in Financial Management at University of Mysore, Mysore
95.05 K
Diploma in Financial Management at Loyola Institute of Business Administration, Chennai
19.70 K
Diploma in Financial Management at University of Mysore, Mysore

Course Subjects

Below is the list of some of the subjects or topics taught in the courses of Financial Management:

  • Risk Management

  • Money and Capital Markets

  • Portfolio Analysis

  • Accounts

  • Corporate

  • Managerial Economic       

  • Managerial Finance

  • International Economy & Finance

  • Investment Planning & Management

  • Tax Planning

  • Business Writing

  • Introduction to Accounting

  • Advanced Marketing

  • Money and Capital Markets

  • Macroeconomics

  • Microeconomics

  • Statistics for Business

  • Financial Management

  • Accountancy for Managers          

  • Human Resource Management

  • Operations Research        

  • Entrepreneurship

  • Strategic Management     

  • Financial Analysis and Reporting

  • International Financial Management       

  • Security Analysis and Portfolio Management

  • Management Information Systems

  • Strategic Cost Management         

  • Project

  • Internship

Careers in Financial Management

Students get a great value for their money incurred in pursuing the courses because jobs in the Financial Management sector are one of the highest-paid jobs. Qualified professionals can choose from a wide range of job opportunities such as Finance Manager, Advisor, Service Analyst, and many more.

They also get to choose whether to work in India or abroad due to Financial Management’s great scope. Professionals can also join the educational sector, do government jobs, or work as lecturer/professor. There are great vacancies in this field, and qualified professionals with perfection, expertise, efficient skills, and capability are most welcomed in this field.

From colleges/universities to big MNCs, students pursuing courses in the Financial Management sector have great career prospects.

Job Profiles and Top Recruiters

Job Profiles in Financial Management Sector

Below is a table showing popular job profiles along with their description that qualified professionals can expect after completing Financial Management courses:

Job Role / Job Role

Job Description

Finance Manager

The job of a financial manager is to look after, control, and manage all the financial activities of an organisation. As a financial manager, one has to create reports, form strategies, and implement them or make investment to help an organisation achieve its goals. All together they are in charge of the financial health of any organisation.

Financial Service Analyst

The job of a financial service analyst is to develop and grow the financial status by looking after and carrying out various financial activities of an organisation.

Credit Risk Analyst

The job of credit risk analysts is to examine and analyse various financial data of the business to identify any kind of financial risk. They help businesses to become careful and provides useful suggestions for eliminating or avoiding the risks.

Management Trainee

The job of a management trainee is to train and help freshers or employees to be ready for managerial or any other top-level position.

Financial Assistant

The job of a financial assistant is to create financial forms, accounts, and other data to facilitate the checking of accounts balance and purchases.


The job of accountants is to compile, analyse, and create various accounts. They prepare accounts like assets, liabilities, and other accounts.

Account Manager

The job of an account manager is to look after and administer the association of business with appropriate clients.

Business Analyst

The job of a business analyst is to look after and analyse business activities. They provide useful suggestions, resolve various business issues, and altogether leads to the growth of the business.

Personal Financial Advisor

As a personal Financial Advisor, one needs to guide clients, provide useful suggestions, manage taxes, manage budgets, and achieve goals.


Top Recruiters in Financial Management Field

  • ITC

  • LIC

  • Oracle

  • Google

  • Amazon

  • IDBI Bank

  • ICICI Bank

  • HDFC Bank

  • Canara Bank

  • State Bank of India

  • Union Bank of India

  • Central Bank of India

  • Bajaj Capital Limited

  • L&T Finance Limited

  • Kotak Mahindra Bank

  • DSP Merrill Lynch Limited

  • SBI Capital Markets Limited

  • J.P. Morgan Chase & Co. (JPMCC)

Required Skillset for Financial Management

Communication and Presentation Skills – Candidates are required to communicate and collaborate with various people of different natures daily in this field. Students also need to have good presentation skills and negotiation skills to do the best in this field.

Time Management – Time management is very important as there are deadlines, one should be punctual, dedicated, and hard-working in this field. Students who cannot manage their time or their surroundings and keep a balance, then they may face difficulty in this field.

Analytical and Technical Skills – Analytical skills are required as the work in this field is all about analysing various data and getting out useful information from them related to finance. Therefore skills such as problem-solving, IT, data interpretation, Computer application, and numerical are required in this field.

General Knowledge and Awareness – Students should have good general awareness, should be updated with the latest business news/trends and possess good logical reasoning to perform well both in and outside work.

Leadership Skills – Leadership skills play a very crucial role in financial management. Students should have skills to lead others, raise morale, motivate, and be able to tale decisions which influence things greater than themselves for becoming successful in the field. Apart from leadership skills, sometimes students also need to possess skills to build working-relationships, coordinating with others, work together, working with superiors, top-level management, or in a team.

Course Curriculum for Financial Management

The course curriculum of Financial management is designed in a way to give every detail of the field through various theoretical and practical aspects of subjects. The courses deal with a wide range of subjects relating to the financial aspects.

The main motive is to equip the students with adequate knowledge, skills, and abilities so that they can troubleshoot financial problems and look after the financial position of businesses.

Financial Management deals with subjects like Risk Management, Portfolio Analysis, Capital Markets, Macroeconomics, Microeconomics, Tax, and Advanced Marketing. The course curriculum not only offers theoretical knowledge of subjects, but it also includes various projects, practicals, presentations, and quizzes. An internship is also a part of the course curriculum as it provides practical skills and makes the candidates ready-to-work.

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