Have you completed Bachelor’s Degree course? Are you interested in pursuing a good finance management course? If yes, this article will be of help to you. Here, we will have an in-depth analysis of Executive Diploma in Finance Management.
Article Overview and Contents
How’s this article of help to me, you may ask. Here, you will find everything you need to know about Executive Diploma in Finance Management. This article covers topics such as – program details, duration, eligibility, colleges, syllabus, fees, careers and salary.
It is a job oriented PG Diploma program. If you are interested in Executive management course related to finance domain, this academic program will be of help to you!
Management education is a very popular choice among Bachelor’s Degree holders from around the world. It is not uncommon to see graduates going for PG management courses. This helps them acquire management and business administration skills.
Pursuing a management course after graduation helps one in multiple ways. It sure helps one improve the value of his/her CV. Besides that, it will help one land better jobs and/or promotion at work! In short, there are many reasons why you should pursue a good management course after Graduation!
Management education sector is quite broad. It consists of many domains and disciplines. HR, Marketing, Finance, Operations etc are some of the most popular domains among management education aspirants.
Finance management forms an integral part of any business or company. Without a good finance management strategy/policy, the business/company will simply amass losses!
Skilled finance managers are highly valued by employers. They are hired by firms operating in various niches. For example, they are hired by banks, finance institutes, Government agencies, hospitals, business firms, MNCs etc.
If you are already working in a corporate setup and want to acquire finance management skills, you may rely on Executive Diploma in Finance Management program.
Bachelor’s Degree holders have access to a handful of Finance Management programs. Some such notable courses are –
- MBA in Finance Management
- PG Diploma in Finance Management
- M.Sc./MS in Finance Management
Apart from the above mentioned programs, there also exists Executive MBA (EMBA) programs related to Finance Management. Executive Diploma in Finance Management is one such course.
Here’s an overview of the course –
- Name of the course: Executive Diploma in Finance Management
- Type of course: PG Diploma course
- Duration: 1 year (may vary from one institute to another)
- Eligibility: Completed Bachelor’s Degree (work experience may also be required)
What is finance management all about? What’s the scope associated with this field? What is it like to become a FM professional? You will find answers to these questions in the next section. Here they are –
Finance Management: Basic Details
Finance program trains students in financial management and its relevant fields. Some such areas are –
- International Business
- Financial Theory
- Corporate Finance
- Fund Management
Financial management helps businesses achieve the following goals –
- Increasing profits
- Maintaining operational health of a company
- Maintaining good cash flow
- Undertake proper monetary decisions
- Here are some of the important tasks performed by finance managers –
- Cost estimation (investments, funds, operational costs etc)
- Budgeting (production, salary, operations etc)
- Risk assessment
- Capital management
- Asset management
- Funds management
- Funds procurement
Come, let us take a closer look at the course details. Here they are –
Type of course
Technically, it is a postgraduate level Diploma course.
Program’s duration may vary from one institute to another. Generally, it is around 12 months long.
Completed Bachelor’s Degree course from a recognized University/Institute. Some institutes also need applicants to have adequate work experience.
There exists many Government and Private colleges across India offering this course. Government colleges charge relatively lower fees than their private counterparts.
Some of the notable Colleges are –
- Jamnalal Bajaj Institute of Management Studies
Reputed institutes rely on merit based admission process. Such institutes make use of relevant entrance test to select deserving candidates. Some institutes are also known to conduct their own qualifying test in order to select deserving candidates. Also check – management courses in India.
Some other institutes are also known to conduct direct as well as donation based admission process.
Here are some of the important subjects present in Executive Diploma in Finance Management curriculum –
- Organizational behaviour
- Principles of Management
- Business Communication
- Marketing Management
- Marketing Process
- Marketing Environment
- Targeting and Positioning
- Product Management
- Brand Management
- HR management
- Finance management
- Distribution Management
- Marketing Information systems
- Consumer Behaviour
- Marketing Research
- Customer Relationship Management
- International Marketing Management
Fees charged for the academic program may vary from one institute to another. Course fees depends upon the following factors –
- Type of institute (Government, Private, Aided etc)
- Location of the college
- Status and rating of the college
- Scholarship status (of student, if applicable)
Government colleges are known to charge low fees. Average fees in private colleges could be anywhere between 80-150K INR per semester.
Some of the prime recruiters are –
- Corporate Houses
- Finance Companies
- Credit Unions
- Consultation Agencies
- Mortgage and Credit Companies
In the above mentioned firms, finance managers may don the following roles –
- Finance Manager
- Financial Analyst
- Investment Banker
- Loan Officer
- Credit Analyst
- Financial Planner
- Financial Consultant
Starting salary of an Finance manager depends upon a number of factors. Some of the prominent factors are –
- Institute from which the candidate completed the course
- Level of education (UG, PG etc)
- His/her specialization
- The domain he/she has chosen
- Job location
On an average, starting salary could be anywhere between 60-80K INR per month. In case of a Government job, the salary will be as per the pay scale and grade.