BUSINESS FINANCIAL MANAGEMENT

Career in Financial Management

Strategic Financial Management - Overview, Features, Importance

Do you like finance and business? Would you like to become a CFO ( chief financial officer ) in a company? If yes, you are the perfect fit for financial management as a career option.

Financial management is all about managing the financial health of an organization. Business Financial manager is responsible for plan, procure and utilize the funds. They are responsible for develop strategies and plans for the short-term and long-term financial goals of their organization.

The objective of Financial Management is profit maximization and wealth maximization.

What are the roles and responsibilities for Financial Analyst?

Conduct financial analysis related to investments.
Evaluate financial viability and potential.
Forecast or analyze financial costs.
Identify potential financial investments.
Research and recommend financial products.
Analyze market conditions or trends.
Recommend investments to clients.
Draw charts and graphs, using computer spreadsheets, to illustrate technical reports.
Inform investment decisions by analyzing financial information to forecast business, industry, or economic conditions.
Monitor developments in the fields of industrial technology, business, finance, and economic theory.
Interpret data on price, yield, stability, future investment-risk trends, economic influences, and other factors affecting investment programs.
Monitor fundamental economic, industrial, and corporate developments by analyzing information from financial publications and services.
Monitor investment banking firms, government agencies, trade publications, company sources, or personal interviews.
Recommend investments and investment timing to companies, investment firm staff, or the public.
Determine the prices at which securities should are syndicated and offered to the public.
Prepare plans of action for investment, using financial analyses.
Evaluate and compare the relative quality of various securities in a given industry.
Present oral or written reports on general economic trends, individual corporations, and entire industries.

How to Become a Financial Analyst in India?

There are 4 ways to become a Financial Analyst in India

What are the key skills required for Financial Management?

Financial Analysis
Budgeting
SAP
SAP Financial Accounting and Controlling (SAP FICO)
Financial Modeling
Financial Reporting
Accounting

What are the career opportunities in Financial Management?

Bill & Account Collectors
Cash Manager
Credit Manager
Financial Executive Assistant
Financial Managers
Foreign Exchange Manager
Performance Manager
Economists
Financial Analyst
Fraud Examiners Analysis
Risk Analyst Treasurer Chief Financial Officer

What is the salary and demand for Financial Analyst?

Demand is High for Financial Management.
Salary levels are High for Financial Management. For fresher average salary is more than 5 Lacs.
Fees levels of the course is Medium. To pursue this course student need to spend 3 to 4 Lakhs.
Level of preparation for Financial Management is Medium. Students spend 1 Year. to prepare for entrance test of Financial Management

What are the best colleges for Financial Management in India?

For Graduation

Nirma University – [NU], Ahmedabad
Symbiosis International University – [SIU], Pune
Jamia Millia Islamia University-[JMI], New Delhi
Jamia Hamdard University, New Delhi
Guru Gobind Singh Indraprastha University – [GGSIPU], New Delhi
Symbiosis Centre for Management Studies – [SCMS], Pune
Shree Guru Gobind Singh Tricentenary University – [SGT], Gurgaon
ICFAI Foundation for Higher Education – [IFHE], Hyderabad
SP Jain School of Global Management -[SPJSGM], Mumbai
Banasthali Vidyapith, Jaipur

For Post Graduation

Indian Institute of Management – [IIMB], Bangalore
Indian Institute of Management – [IIMC], Kolkata
Indian Institute of Management – [IIM], Lucknow
Xavier Labour Relations Institute – [XLRI], Jamshedpur
University of Delhi, Faculty of Management Studies – [FMS], New Delhi
Indian Institute of Management – [IIMK], Kozhikode
Management Development Institute – [MDI], Gurgaon
Indian Institute of Foreign Trade – [IIFT], New Delhi
SP Jain Institute of Management and Research – [SPJIMR], Mumbai
Institute of Management Technology – [IMT], Ghaziabad

What are the best entrance exam for Financial Management in India?