This route enables college students to broaden suitable abilities to foray into numerous avenues of the FinTech sector and understand personal finance. With increasing awareness of the national and worldwide economic system, monetary studies have obtained significance among students. Finance is vital to all companies alike. A direction in ‘Financial Management’ serves as the proper pathway to recognize this key thing. There are numerous institutes across India presenting a course in Financial Management. The National Institute of Financial Management, Haryana; Banaras Hindu University (BHU), Varanasi; CHRIST University, Bangalore; Goa University; and Dr. CV Raman University, Chhattisgarh are a number of the establishments that offer diplomas in addition to degree publications in Financial Management.
Engineers shape a big chunk of the scholars who choose a route in Financial Management. Being a multidisciplinary field, this route equips college students with higher analytical, organizational, and governance competencies. One of the important thing reasons behind this is the growing fashion of FinTech possibilities. “Finance is now not restrained to banking and accounting. With an amalgamation of technology, finance has to turn out to be part of the data era (IT), computer technological know-how in addition to software-based totally answers,” says Narain, assistant professor, Faculty of Management Studies, Delhi University. The institute offers MBA, Management Development (MGD), ands Executive MBA programmes – all of which focus on ‘Financial Management’ as a core path.
To upward push up the profession ladder, every individualneedsd to possess enough financial know-how, says Kalpakam Gopalakrishnan, associate professor, KJ Somaiya Institute of Management Studies & Research, Mumbas speaking to Education Times. The Mumbai-based organization gives a element-time Masters in Financial Management for working experts. The program is of a duration of 3 years instead of the conventional two years.
During the primary semester,r students are taught the basics of contro, including human resources, advertising, and popular accounting. “With the commencement of the second semester, students get a detailed view of monetary control,” says Gopalakrishnan. The course includes observing topics, including Management Accounting, Corporate Governance, Operations Management, FinTech, Derivatives, Security Analysis, Portfolio Management, Management of Banks, and International Finances.
Students can get numerous job possibilities in banks, bonds marketplace, stock market, and many others. They can also emerge as financial advisors, coverage advisors, and monetary analysts, among extra.
Challenges to meet
Narain points out that there is a dearth of instructors or professors in financial studies who are up to date with the trendy enterprise developments. On the other hand, Gopalakrishnan highlights that loss of industry publicity inside the curriculum eradicates any possibility of adding a sensible flavor. “More enterprise gamers must be roped in to proportion their insights with the students,” she adds.