Tuesday, January 5, 2010

Finance Courses - Study Routes to Career in Finance

Ideally a job in finance requires a postgraduate degree or diploma in business administration (MBA) / Economics / commerce or a Chartered Accountancy graduate (PREFERRED OPTION).

Sample PG Degrees / Diplomas in Business Administration –

  • Indian Institute of Management Studies (IIM), Ahmedabad, Calcutta, Bangalore, Lucknow, Khozikhone,
  • FMS, New Delhi
  • XLRI, Jamshedpur
  • Jamnalal Bajaj (JBIMS), Mumbai
  • SP Jain, Mumbai
  • Narsee Monjee Institute of Management Studies, Mumbai
  • Symbiosis, Pune
  • XIM, Bhubhaneshwar
  • MDI, Gurgaon
  • IMT, Ghaziabad
  • IMI, New Delhi
  • IIFT, New Delhi

After Graduation – A degree in subjects such as a BBA, economics, or commerce will also give you entry into a bank. However growth prospects are limited and a PG degree is necessary for timely promotions.

Sample BBA Degree Colleges –

  • IIPM – present in New Delhi, Chennai, Mumbai, Hyderabad, Calcutta, Bangalore
  • Wigan & Leigh – present in New Delhi, Mumbai
  • IILM – New Delhi, Gurgaon
  • Amity

Certified Financial Analyst (CFA) – PG Program

ICFAI (Institute of Chartered Financial Analysts (ICFAI), Road No. 3, Banjara Hills, Hyderabad - 500 034, India) conducts the 3 year Certified Financial Analysts Course. Admission is based on a test - primarily on verbal and quantitative reasoning abilities.
The course includes a Foundation, Preliminary, Intermediate and final module Postgraduates are exempted from the foundation course which takes 3 months to complete.
The CFA course can be done as a distance education course with contact classes conducted in major cities in the country. CFA programme can also be done as a regular course on the campus in 2 years. This course can be pursued at some business schools like Narsee Monjee Institute of Management, Mumbai, SP Jain Institute of Management and Research, Mumbai, International Management Institute, New Delhi, BITS, Pilani and Xavier Institute of Management, Bhubaneshwar.

Institute of Chartered Accountants in India (ICAI)

Other Information
PE1 - Foundation
Completion of Std XII
Can be done while pursuing UG / PG courses
One Year
Exemptions –
· Commerce students - > 50%
· Non-Comm (W/o maths) - >55%
· Non Comm (with Maths) > 60%
Papers include – Basics in Accounting, Maths & Statistics, Economics, Business Communication & Management
PE2 - Intermediate
Passed PE1 or exempted from the same
Passed the final examination of ICWAI or Company Secretaries
Passed 2nd year UG exam & due to Graduate within 6 mths.
Exams held in May & Nov. Reg 10 mths earlier
Papers include :
Group 1 – Accounting, Auditing, Business Law
Group II – Cost Accounting & Financial Mgmnt., Income Tax & Sales Tax, Information Technology,
Articled Clerk
Be 18+ & Passed PE2
3 years
Work as an Audit Clerk with a registered Chartered Accountant
Final PE
Completed articleship or in the last six mths of the same & passed PE2
Papers include –
Group 1 – Advanced Accounting, Management Accounting & Financial Analysis, Advanced Auditing, Corporate Law & Secretarial Practice
Group II – Cost Management, Management System& Controls, Direct Taxes, Indirect Taxes

The candidate also needs to complete a 250 hour hands-on Computer Training course through a prescribed institute.

The CA course is conducted through lectures and postal tuitions by the Institute of Chartered Accountants of India (ICAI), head-quartered in New Delhi - The Institute of Chartered

Accountants of India
[Set up under an Act of Parliament]
PO Box No. 7100, Indraprastha Marg, New Delhi - 110 002.
Phone: 23370055, 23370916, Telefax: 011-23379334, 23378316
Email: icaidel@del2.vsnl.net.in. For more information check their website www.icai.org

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1 comment:

  1. Anyone who have a financial, mathematical or economic background. studying a graduate course in finance is an ideal option to enhance their career progression and deepen their knowledge of the financial sector.


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