Finance Management in India

Financial Management is the science of managing finances of a business to achieve financial goals and thus to minimize losses and maximize profits. Financial Management also covers identifying potential risks and risk management.

Finance Management in IndiaA person who manages finance in a business or industry is called a finance manager. These people are basically trained in accounting the business finance and holds graduate/post graduate or higher qualification with lots of industry experience.

Financial Management is an interdisciplinary approach which comes midway from corporate finance and managerial accounting. A Finance Manager scrutinizes the financial data of the company to determine performance. The post of a Financial Manager often times referred as Manager Finance/Manager Finance and Budget/ Manager Accounts and Finance etc.

Industry experts refer financial management as technique of money management.The starting salary in the private sector is expected to be above 8 lacs per annum and for public sector to be above 5 lacs per annum.

For students interested in this field an undergraduate degree in economics or commerce in necessary. The syllabus is wide and options such as credit management, corporate finance and banking.

The two top Finance Management institutes in India are Institute for Financial Management and Research (IFMR) and National Institute of Financial Management (NIFM).

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