Financial Management Course Details - Fees, Subjects, Syllabus, Duration, Eligibility, Career Scope

What is Financial Management

Financial Management deals with managing the financial aspects of a business and helping the business with various solutions to achieve the desired goals and objectives. Financial management involves planning, organising, directing, and controlling an organisation's financial activities. It includes the procurement and utilisation of funds, ensuring efficient allocation to maximise profitability and sustainability.

Effective financial management ensures that an organisation can meet its short-term and long-term objectives, maintain liquidity, carry out effective accounting and achieve optimal financial performance. In India, about 196 colleges and universities provide specialised courses in Financial Management. Students can pursue Financial Management courses at different levels, such as undergraduate, postgraduate, diploma, and other courses.

Graduates of Financial Management are offered job opportunities in profiles like Finance Manager, Credit Risk Analyst, Business Analyst, Accountants. Companies like ITC, Google, Amazon, IDBI Bank, ICICI Bank, Canara Bank, and State Bank of India recruit graduates for an average package of Rs. 15 LPA. The course fee for the same ranges from Rs. 9,000 to Rs. 8 lakhs.

Highlights- Financial Management

Specialisation or Similar Ones

Financial Management is a broad discipline in finance. It includes similar or related specialisations. Candidates can choose the specialisations based on their interests and future goals. Some of the popular specialisations offered in the field of Financial Management are discussed in the table below.

Top Financial Management Colleges in India with Fees

Many business institutes in India offer Financial Management courses at affordable tuition fees. These institutions are highly reputed and offer good placement opportunities to students. Prior academic achievements and admission test scores are used to determine admission. Some of the top institutions of India offering Financial Management are:

Top Private Financial Management Colleges in India with Fees

Private Indian institutes offer Financial Management for both undergraduate and postgraduate degrees. A private university usually charges a much higher tuition fee as compared to a government university. These colleges provide the best faculty and a multipurpose college campus. Some of the top private universities and colleges for Financial Management and their fees are discussed below:

Top Government Financial Management Colleges in India with Fees

Attending a government finance college is less expensive than attending a private college. These colleges are well known for their high academic standards and affordable fees throughout India. These colleges provide the best return on investment to students, The following are some of the best government colleges that provide Financial Management:

Eligibility Criteria (UG & PG) of Financial Management

Those interested in pursuing a degree in Financial Management need to fulfil the eligibility details required by the colleges. For undergraduate degrees, students generally need to complete their 10+2. For PG degrees, they require a Bachelor’s degree in similar or related disciplines. The eligibility details for Financial Management courses are mentioned below.

Eligibility Criteria for UG Courses

The eligibility criteria for undergraduate courses in Financial Management may be different for all institutes. Candidates who wish to pursue Financial Management at an undergraduate level must satisfy certain eligibility criteria. Some of the most common eligibility conditions to get admission into the course are listed below:

• Candidates must have completed their 10+2 in any stream from a reputed university or institute.
• Aspirants must have cleared their 10+2 with a minimum of 50 per cent marks. 
• No age limit has been prescribed for Financial Management admission.

Top Entrance Exams for UG Courses

Aspiring candidates need to appear for certain entrance examinations before applying for admission. Some colleges may conduct university-specific examinations for Financial Management courses and others may only consider the merit scores of students for admissions.  In the table below, we have provided the details of some popular examinations for UG degrees.

Eligibility Criteria for PG Courses

Students who have completed their undergraduate in Financial Management can further pursue their post-graduation in the same field. Candidates must keep in mind the eligibility criteria of postgraduate courses in Financial Management. These conditions may vary by the institute. However, aspirants must fulfil the eligibility requirements listed below:

• Candidates must have completed their graduation in the same or related field. 
• Students must complete their graduation with a minimum aggregate score of 50 per cent. The aggregate percentage may be different for different institutes.
• A relaxation of 5 per cent may be provided to the candidates belonging to the reserved categories.

Top Entrance Exams for PG Courses

Candidates who aspire to pursue their post-graduation must appear for certain entrance examinations. Students are required to clear the cutoff of these high-level tests to get admitted into a college of their choice. Some of the examinations are as follows.

Required Skillset for Financial Management

Financial Management is a field that requires a lot of dedication and hard work. It is one of the highest-paid careers in Finance. A combination of various skills and qualities can help students to excel in their studies and further in their careers. Mentioned below are some of the important attributes and skills required for the Financial Management field.

• Communication and Presentation Skills
• Time Management 
• Analytical and Critical thinking skills
• Interest in Business and Management
• General Knowledge and Awareness
• Strategic mindset
• Leadership skills
• Awareness of the market and products