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Financial Management Career

Financial management is that field of management which is concerned with the management of the finances of a company or organization to achieve financial objectives. Financial management entails planning for the future of a person or a business enterprise to ensure a positive cash flow. It includes the administration and maintenance of financial assets. Besides, financial management covers the process of identifying and managing risks. Some experts refer to financial management as the science of money management. The primary usage of this term is in the world of financing business activities. However, financial management is important at all levels of human existence because every entity needs to look after its finances. Financial management is critical for efficient business operations, well-trained, experienced financial managers who display a strong grasp of the operations of various departments within their organization are prime candidates for promotion to top management positions. Some financial managers transfer to closely related positions in other industries. Those with extensive experience and access to sufficient capital may start their own consulting firms.

Eligibility for Financial Management Career

Educational Qualifications:
The minimum educational qualification required to join a course in financial management is to be a graduate in Commerce or Economics. The various courses available on financial management They are: Chartered Financial Analysis (CFA) MBA with specialization in Finance and Marketing, Chartered Accountancy Cost and Management Accountancy Management of Business Finance Certified Treasury Manager Certified Public Accountant Certified Investment Banker Certified Risk and Insurance Manager Fellowship Program in Finance Basic Business Finance Foundation in Financial Planning Management Development Programs

Personal Skills:
  • Excellent communication skills to explain complex financial data.
  • Creative thinking and problem-solving skills.
  • Must be comfortable with the latest computer technology.
  • Must have knowledge of international finance.
  • Proficiency in a foreign language also may be important.

Job Opportunities in Financial Management Career

Plenty of job opportunities are in the field of financial management With the rise of the Indian economy the Indian corporate sectors are also rising. Thus a career in this field is quite rewarding. The main job of a finance expert is to help his company earn more, to make future financial plans, to handle the liquidity or to plan the acquisition of another company.