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/Buisness/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 7. PUMBA, Pune 8 . JBIMS, Mumbai 9. IIM, 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 Management & Research 6. IBMR IBS, Bangalore 7. Institute of Management & Research, Ghaziabad 8. Narsee Monjee, Mumbai
*NPTEL - National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
Fees
The approx. course fee ranges between INR 20,000 - 4,00,000* *The above mentioned figures are approximate numbers. This 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 XI* • Scholarships are also made available in 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), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA) • Some states have student credit cards with low 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 job, 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
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 | MG0031. 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/Buisness/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
7. PUMBA, Pune
8 . JBIMS, Mumbai
9. IIM, 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 Management & Research
6. IBMR IBS, Bangalore
7. Institute of Management & Research, Ghaziabad
8. Narsee Monjee, Mumbai
Information on the institute rankings can be found at - https://www.nirfindia.org/2022/Ranking.html
Distance Learning
Institute Indira Gandhi National Open University (IGNOU)
Online Courses
• NPTEL*Swayam - https://onlinecourses.nptel.ac.in/noc20_mg31/preview
• Udemy - https://www.udemy.com/topic/financial-management/
• Coursera - https://in.coursera.org/courses?query=financial%20management
*NPTEL - National Programme on Technology Enhanced Learning. It is by the Government of India and offers a variety of courses in an audio-video form
The approx. course fee ranges between INR 20,000 - 4,00,000*
*The above mentioned figures are approximate numbers. This 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 XI*
• Scholarships are also made available in 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), Department of Higher Education (Ministry of Human Resource Development) and Indian Banks Association (IBA)
• Some states have student credit cards with low 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 job, 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
Financial Accountant → Financial Auditor → Financial Manager → Controller → Management Accountant → Financial Analyst
The approx. salary of a Financial Accountant ranges between INR 40,000 -1,60,000* per month.
Source: https://www.payscale.com/research/IN/Job=Financial_Accountant/Salary
*These figures are indicative and subject to change
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-10-financial-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 officer