The topic of 'Finance' has always interested all, be it a college student, businessman, or a freelancer. Even though we don't have complete know-how, we can't seem to ignore it as it plays a vital role in our daily lives.
India's financial sector is undergoing speedy expansion, in terms of - new entities entering the market and steady growth of existing financial service firms. The industry comprises commercial banks, non-banking financial companies, insurance companies, pension funds, co-operatives, mutual funds, and some small finance companies.
Students choose to specialise in finance to pave their path into this dynamic sector since such courses enhance their knowledge in financial management. If you are considering specialising in Finance, here are a few things you must keep in mind:
First and foremost, don't fall for the stereotype of 'if you aren't good with numbers, you can't pursue a career in finance'. The necessary skills required for this sector are analytical and logical skills, along with quick thinking and observation skills.
However, you must have a passion for the field. If you are only drawn to this field due to the fat pay cheques & lucrative career opportunities, this is not the industry for you.
At CBS, we offer a two-year PG degree with the option to specialise in Finance. The first-year curriculum is dedicated to management theory, and in the second year, you can choose your specialisation with industrial training.
A PGDM in Finance allows students to learn about various topics like Cost Accounting, Investment Analysis, Financial Planning and Control, Micro and Macro Economics, Banking and Insurance, and Advanced Accounting, among others.
Apart from the subjects mentioned above, you can also opt for electives like:
Even during the period of recession, finance remains an attractive choice for students.
It is essential to highlight that despite several problems in our country, like low GDP, the demand for PGDM Finance has steadily been growing. There are numerous roles that you can pursue after graduating with a PGDM in Finance.
Cost Accountant – As an accountant, you can choose to work in a firm or teach students about costing, auditing, accounting, etc.
Investment Banker- As an investment banker, you can help companies gain capital from prospective shareholders, manage bonds and funds, and also look into an organisation's private wealth risk management.
Financial Officer – Financial officers work for banks, credit unions, PSUs or other companies that deal with capitals and funds. A financial officer can also be a securities trader, loan officer, taxation expert, brokerage expert, etc.
Financial Analyst – Financial analysts are responsible for analysing market situations, bonds, investments, shares, assets, and every financial element of a company. You must study the ups and downs and advise the company about when and when not to invest.
Further Studies – For those interested, a PGDM in Finance also acts as a gateway to pursue a Ph. D., and become a professor in a reputed institute or college.
Consultancy Services – You can also start a consultancy firm to counsel organisations or government offices on how to manage finances.
The field of Finance is rife is multiple certifications that provide professionals with an added edge in their career. A combination of a PGDM and a certification ensures that you gain managerial roles in highly specialised financial fields.
Furthermore, a PGDM in Finance makes preparing for specialised certification easier since basic concepts are already clear. Some certifications you can pursue are:
A PGDM degree with a specialisation in finance has its significance not just in today's market scenario but also in shaping your career if you genuinely have a calling for finance and love the world of money management.