Diploma in Financial Management is a 1-year diploma program, the minimum eligibility is 10+2 from recognized institutes or its equivalent exam.
Some of the top colleges and institutes which provide admission to Diploma in Financial Management are as follows:
- Dr. Babasaheb Ambedkar Open University, Ahmedabad
- Institute of Management Development and Research, Pune
- NMIMS, Mumbai
- Sai Nath University, Ranchi
- University of Mumbai, Mumbai
The average tuition fee charged for Diploma in Financial Management program in India ranges between INR 10,000 to 8 Lacs, for a span of 1 year.
Admission to Diploma in Financial Management course depends upon the candidate’s performance in a relevant entrance exam and resulting round of counseling.
Diploma in financial management course will introduce candidates to financial management theories and financial decision tools and practices that help them to interpret financial statements, plan, and measure performance through budgets and different financial strategies, create financial decisions and manage financial risks.
Such postgraduates are hired in capacities such as Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Outbound Debt Management Specialist or Agent, Project Coordinator amongst many other. Fresher’s Salary depends on factors such as recruiter size, job location, and job profile. In general, they are paid at least INR 2 to 8 Lacs per annum.
Diploma in Financial Management: Course Highlights
Given below are some of the main highlights of the course.
|Course Level||Diploma After Graduation|
|Duration of the Course||1 years|
|Admission Process||Entrance exam and Merit Based|
|Average Course Fee||INR 10,000 to 8 Lacs|
|Average Starting Salary||INR 2 to 8 Lacs|
|Top Recruiting Companies||Amazon, Snapdeal, JustDial, Concentrix, Airtel, Foodpanda, Micromax, Samsung, IBM, HCL, TCS, Adobe, Himalaya, Dabur, Blue Dart, Big Bazar, Impact QA etc.|
|Top Job Areas||Colleges & Universities, Front Offices, Management of Companies, Banking Sector, Self-employment etc.|
|Top Job Positions||Financial Services & Research Analyst, Management Trainee, Finance Assistant & Accountant, Outbound Debt Management Specialist or Agent, Project Coordinator, Financial Consultant, Financial Accountant, Finance Assist. Manager, Administrative Officer (AO), Assistant Administrative Officer (AAO), Cashier/Teller, Business Analyst, Asset Manager, Assistant Controller Corporate Analyst, Customer Service Representative, Credit and Risk Manager, Financial Analyst, Finance Manager, Equity Research Analyst Internal Auditor, Investment Banker, Loan Counsellor, Loan Officer, Market Analyst, Investment Analyst, Loss Control Specialist etc.|
Diploma in Financial Management: What is it all about?
Diploma in Financial Management is a diploma level banking program. This program incorporates the subjects identified with the financial matters with the relevance of the banking sector. The program enhances candidate’s knowledge and skills in other different fields of finance. Candidates who are good in commerce and economy can opt for Financial Management program. This 12 months duration diploma course can be pursued by any intermediate passed candidates.
Diploma in Financial Management course is designed as a basic management course covering functional areas of management with quantitative and conceptual inputs. The program is specialized to create a basic integrated perspective of the primary managerial functions and provide candidates an establishment for pursuing managerial duties and further studies.
The course is appropriate for those candidates who are willing to opt teaching jobs as a career at higher degree level. Candidates should be able to communicate their knowledge with strong writing, speaking, and presentation skills. Candidates must have relationship-management expertise that incorporates understanding some personality types, asking the right questions, listening, educating others, resolving conflicts, and counseling customers. Candidates must also have sales and marketing skills which are very common for it.
Candidates can go for a higher degree course in related subjects likewise Bachelors’ degree, etc. for further studies. The banking sector is another alternative option for the successful students that incorporates many posts likewise assistant of a controller, credit manager, treasurer, and cash manager. Candidates after finishing the course are able to develop financial management mechanisms that conducting reviews reduce financial risk; and evaluations for cost-reduction opportunities; overseeing an organization’s financial accounting, reporting, and monitoring systems.
Diploma in Financial Management: Top Institutes
Given below are some of the top institutes in India that offer the course.
|NAME OF INSTITUTE||CITY||AVERAGE ANNUAL FEES|
|NMIMS University||Mumbai||INR 35,000|
|Indian School of Business Management and Administration||Delhi||INR 14,900|
|Indian School of Business Management and Administration||Bangalore||INR 14,900|
|Indian School of Business Management and Administration||Hyderabad||INR 14,900|
|All India Institute of Management Studies||Chennai||INR 2,300|
|Ramanujan College||Delhi||INR 5,000|
|Swami Vivekanand University||Sagar||INR 43,100|
|ATM Global Business School||Delhi||INR 2,90,000|
|Sai Nath University||Ranchi||INR 20,000|
|University of Mumbai||Mumbai||INR 16,000|
Diploma in Financial Management: Eligibility
Candidates should have cleared 10+2 level of examination from any recognized board or institutes to get admission to Diploma in Financial Management course.
Diploma in Financial Management: Admission Process
Admission process: depends on the basis of college or institute, it can be done through merit based admission process as well as direct admission procedure. The merit-based admission process depends on marks obtained by a candidate in related board examination or Diploma program.
Seats are assigned to applicants on basis of marks obtained by them.
Following are a few entrance tests that are conducted by some of the Diploma in Financial Management colleges in India:
- Dr. Babasaheb Ambedkar Open University Entrance Test
- Institute of Management Development and Research Entrance Test
- International Council for Management Studies Entrance Test
- F-Tech Computer Education Entrance Test
- C-Apt Multimedia Academy Entrance Test
Diploma in Financial Management: Syllabus and Course Description
A semester- wise break up of the course’s syllabus is tabulated below.
|Semester I||Semester II|
|Financial Reporting and Control (Accounts)||Capital Markets|
|Quantitative Methods||Financial Institutions|
|Managerial Economic||Corporate Tax Planning|
|Managerial Finance||Investment Planning & Management|
|International Economy & Finance||Risk Management|
Diploma in Financial Management: Career Prospects
Financial management has successfully established as one of the lucrative career option. Financial managers of any organization are among the most generously compensated experts both in India and abroad. Basically MNCs are popular destinations for students qualified in financial management.
Big numbers of MNCs coming to India and numerous Indian companies going for joint ventures abroad, this all has brought about a lucrative profession alternative for those qualified in dealing with the funds and financial resources of any organization. Firms, organizations, and government agencies have a financial manager to take responsibilities for the conduct investment activities, the creation of financial reports and implement cash-management tactics.
Recently, a Sub-branch of financial management called financial Planning has additionally surfaced as an alluring career option. It’s concerned with helping organizations make propel arrangement for financial requirements that may emerge in future.
|JOB POSITION||JOB DESCRIPTION||AVERAGE ANNUAL SALARY|
|Financial Service Analyst||Financial Service Analyst is responsible for enhancing financial status through analyzing the result, identifying trends, monitoring variances, and recommending action to management.||INR 3 to 4 Lacs|
|Management Trainee||Management Trainee is responsible for training to a managerial or supervisory position. They help employees to become managers and equip them with the required judgment, skills, and know-how of being an effective and responsible manager.||INR 3 to 4 Lacs|
|Financial Assistant||Financial Assistant is responsible to process and prepare business forms and financial data for the purpose of checking account balance facilitates purchases etc.||INR 2 to 4 Lacs|
|Finance Manager||Finance Manager is in charge of the financial health of an organization, They are responsible for financial reports; develop strategies or plans and direct investment activities for long term financial goals of an organization.||INR 9 to 10 Lacs|
|Accountants||Accountants are in charge of preparing asset, liability and capital account entries through analyzing and compiling account information.||INR 2 to 3 Lacs|