Financial Management is one of the significant courses in the management field. The course is principally dealing with the topics such as Marketing and business management, monitoring and controlling the financial part of the organization, stock market and analysis, corporate reporting, preparing the expenditure list of needed, etc.
Nowadays a large community is attracting in Financial Management course. The banks and other financial firms, Core business organizations and IT based firms are hiring the candidates who having specialisation in financial management.
The financial management discipline was there since the beginning of 19thcentury. In the inception times, it was the part of Economics. When the researchers find there is a necessity to find skilled ones for maintaining the financial assets of an organization, they segregated ‘Financial Management’ portion from the economics and by the end of 20th century, it got affiliation to study it as an individual subject. In India, a candidate who is specialized in financial management will be hired as a financial manager.
Career in Financial Management
A financial management specialist service is needed in every industry. According to the reports from the U.S. Bureau of Labor Statistics (BLS), the financial managers’ Job growth is found as increasing rapidly over these years. A candidate who is specialized in Financial Management shall perform the following positions in an organization-
- Financial Analyst
- Budgeting and forecasting the financial performance
- Chief Manager of an organization
- Finance Controller or director
- Commercial or Investment Banker
- Financial planner and performance manager
Pay-scale of a Financial Manager
Pay-scale, an independent organization made for reporting the employees’ salaries in various sectors has reported that basic level financial analysis managers earned annual income of $81,250. However, As like every other sector, here also, the salary of a Financial Manager is depended on the skills, type of company and the job position.
The eligibility for appearing a Financial Management course is a graduation in any discipline with 50% marks. It is also necessary that the candidates have a valid score in GMAT exam/CMAT exam (Graduate Management Admission Test/ Combined Management Admission Test). But some other universities didn’t follow the GMAT/ CMAT national level exam for admissions; instead, they conduct their own entrance exam for admissions.
Top Recruiters in India Hiring Financial Management Specialist
Here is the list of Top Recruiters in India Hiring Financial Management Specialists-
- LG India
- Boston Consulting Group
- Merrill Lynch
- Deutsche Bank
- Goldman Sachs
- Sony India
- Lehman Brothers
- JP Morgan
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