If you have a knack for numbers, then you might be leaning towards pursuing a PGDM in finance. A PGDM program in Finance will provide you with all the knowledge and skills you need to succeed in the field. However, there are multiple roles you can play, and this article will explore some of those roles.
As a Financial Analyst, you can choose to work in various sectors such as accounting, auditing, defence, banking, pharmaceuticals, and various other types of businesses. The role you play might differ slightly based on which sector you work in, but the core roles will remain the same. Regardless of the industry, you choose to work in; you will need to consolidate and analyse financial data and ensure that they are in line with an organisation's goals and financial standing.
You will also need to provide alternatives that will help the organisation cut costs and improve its performance in terms of finance. Finally, you will be summarising and structuring reports of the financial status of the company and what dangers they may face eventually.
As a Credit Analyst, you will be responsible for analysing credit and financial data of people or organisations that are petitioning for credit or loans. You need to examine what risks these entities may lead the bank or lending institution to face in the future. Based on your findings, you will then determine if a loan should be granted and if yes, then the interest rate that needs to be applied.
Every financial activity comes with some risk. The level of risk that an investment or insurance policy may bring with it is something that you will have to look into. In other words, you are the one who will be assessing the risks associated with any industrial, commercial, or public sector investment. You will also be responsible for determining the risk involved in various insurance policies. You will need strong mathematical and analytical skills to be a success in this field.
All in all, the field of finance is a gold mind for analytical and mathematical minds. If you possess the technical skills along with the soft skills of being a leader, there is no reason why you should not be successful. At CBS, the course is designed to ensure that students gain the right knowledge and learn the right skills they need to thrive in the world of numbers.