Finance Managers are responsible for distributing the financial resources of a company and for the budget planning. They support the executive or senior management team by offering insights and financial advice that will allow them to make the best strategic business decisions for the company.
Personal Competencies
• You like to analyze things
• You enjoy solving problems
• You enjoy working with numbers
• You like to pay attention to details
Entry Pathway
1. Complete 10 + 2 in any stream (preferably Science or Commerce)
2. Complete Bachelor's degree in Economics/CMA (Cost Management Accounting) finance/Business/Accounting
OR
Complete Bachelor's degree in Economics/Finance/Business/Accounting, followed by Master's in Finance like CFA(Chartered Financial Analyst)/MBA finance/M.A, in Economics/ M.Sc. in finance
For admissions for Bachelor's degree, you must qualify in one of these entrance examinations: CET, SET, DU JAT, SET etc. and for Post graduate degree, you must qualify in any of the following exams: CAT/ XAT/ GMAT/ SNAP/ NMAT/ CMAT.
Note: A CFA certification from the CFA (Chartered financial Analyst) institute of India is a good way to grow in this field.
Please check the duration of the course during enrolment
Where will you study?
This course is offered by the Department of Management or Commerce.
This list of institutes is indicative only
GOVERNMENT INSTITUTES
1 . Government College of Commerce and Business Administration, Chandigarh
2. Maulana Azad College, Kolkata
3. Gargi College, Delhi
4. Lady Shri Ram College, Delhi
5. Madras Christian College, Chennai
6. Faculty of Management Studies, Delhi
8. Department of Management Sciences,
Savitribai Phule Pune University, Pune
9. Jamnalal Bajaj Institute of Management Studies, Mumbai
10. Indian Institutes of Management, Multiple Locations
PRIVATE INSTITUTES
(Please check if institute is affiliated and accredited with UGC before applying)
1. Amity University, Raipur/ Gwalior
2. PP Savani University, Surat
3. Lal Bahadur Shastri Institute of Technology & Management, Indore
4. University of Technology, Jaipur
5. Institute of Management & Research, New Delhi
6. IBMR IBS, Bengaluru
7. Institute of Management & Research, Ghaziabad
8. Narsee Monjee, Mumbai
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
Fees
The approx. course fee ranges between INR 20,000 - 4,00,000*
*These figures are estimated numbers and will vary from Institute to Institute.
Scholarships & Loans
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government Schemes offered by different departments, UGC/AICTE Schemes and State Schemes.*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class Xl.*
• Scholarships are also available in the Institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with Iow interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Where will you work?
Places of Work: Corporate houses, Banks, Investment firms, and Insurance companies
Work Environment: It is a desk iob, but might involve some travelling. You are likely to work full time, and some work more than 40 hours per week.
Opportunities for work exist for differently abled in this field
Expected Growth Path
Finance Manager → Senior Finance Manager General Manager → Chief Finance Manager Executive Director → Director Chairperson
Expected Income
The approx. salary of a Financial Accountant ranges between INR 40,000 - 1,60,000* per month.
Lovaii Navlakhi is among the first Certified financial Planners(CFP) of India. He is an MBA (Finance) and an ICWA A staunch believer in persevering with training, he's now the Founder and CEO of International Money Matters. Lovaii has additionally been a board member of Financial Planning Standard Board, India.*
FINANCE MANAGER
NCS Code: NA | BF014• You like to analyze things
• You enjoy solving problems
• You enjoy working with numbers
• You like to pay attention to details
1. Complete 10 + 2 in any stream (preferably Science or Commerce)
2. Complete Bachelor's degree in Economics/CMA (Cost Management Accounting) finance/Business/Accounting
OR
Complete Bachelor's degree in Economics/Finance/Business/Accounting, followed by Master's in Finance like CFA(Chartered Financial Analyst)/MBA finance/M.A, in Economics/ M.Sc. in finance
For admissions for Bachelor's degree, you must qualify in one of these entrance examinations: CET, SET, DU JAT, SET etc. and for Post graduate degree, you must qualify in any of the following exams: CAT/ XAT/ GMAT/ SNAP/ NMAT/ CMAT.
Note: A CFA certification from the CFA (Chartered financial Analyst) institute of India is a good way to grow in this field.
Please check the duration of the course during enrolment
This course is offered by the Department of Management or Commerce.
This list of institutes is indicative only
GOVERNMENT INSTITUTES
1 . Government College of Commerce and Business Administration, Chandigarh
2. Maulana Azad College, Kolkata
3. Gargi College, Delhi
4. Lady Shri Ram College, Delhi
5. Madras Christian College, Chennai
6. Faculty of Management Studies, Delhi
8. Department of Management Sciences,
Savitribai Phule Pune University, Pune
9. Jamnalal Bajaj Institute of Management Studies, Mumbai
10. Indian Institutes of Management, Multiple Locations
PRIVATE INSTITUTES
(Please check if institute is affiliated and accredited with UGC before applying)
1. Amity University, Raipur/ Gwalior
2. PP Savani University, Surat
3. Lal Bahadur Shastri Institute of Technology & Management, Indore
4. University of Technology, Jaipur
5. Institute of Management & Research, New Delhi
6. IBMR IBS, Bengaluru
7. Institute of Management & Research, Ghaziabad
8. Narsee Monjee, Mumbai
Information on the institute rankingscan be found at - https://www.nirfindia.org/2022/Ranking.html
DISTANCE LEARNING INSTITUTE
Indira Gandhi National Open University (IGNOU)
The approx. course fee ranges between INR 20,000 - 4,00,000*
*These figures are estimated numbers and will vary from Institute to Institute.
SCHOLARSHIPS
• National Scholarship Portal - Visit http://www.scholarships.gov.in. Under this portal there are Central Government Schemes offered by different departments, UGC/AICTE Schemes and State Schemes.*
• Visit http://www.buddy4study.com for details on available scholarships. This is a gateway to scholarships starting from Class Xl.*
• Scholarships are also available in the Institutes based on merit*
*(Availability of these scholarships can vary from time to time)
LOANS
• VidyaLakshmi, http://www.vidyalakshmi.co.in, is a portal for students seeking education loan. This portal has been developed under the guidance of the Department of financial Services, (Ministry of Finance), Ministry of Education, Government of India and Indian Banks Association (IBA).
• Some states have student credit cards with Iow interest rates, for instance, West Bengal, Odisha, Bihar, etc.
• All banks give education loans.
Places of Work: Corporate houses, Banks, Investment firms, and Insurance companies
Work Environment: It is a desk iob, but might involve some travelling. You are likely to work full time, and some work more than 40 hours per week.
Opportunities for work exist for differently abled in this field
Finance Manager → Senior Finance Manager General Manager → Chief Finance Manager Executive Director → Director Chairperson
The approx. salary of a Financial Accountant ranges between INR 40,000 - 1,60,000* per month.
Source: https://www.payscale.com/research/N/Job=FinanciaLAccountant/Salary
Experts from the field
Lovaii Navlakhi is among the first Certified financial Planners(CFP) of India. He is an MBA (Finance) and an ICWA A staunch believer in persevering with training, he's now the Founder and CEO of International Money Matters. Lovaii has additionally been a board member of Financial Planning Standard Board, India.*
Source: https://policyplanner.com/news/top- O-financia/-experts-in-india
*The above information is for training purposes only and will not be used for any commercial gains
financial accountant, finance control consultant, financial offcer