What makes PGDM in Finance a desired career choice?
In a scenario where money powers the world, making important financial decisions can be a life-altering choice. How do you decide where to invest when the financial market is continually changing? The three essential categories of finance are personal, public and corporate finance. Organizations across the globe understand the value of strategically managing their assets. Thus, there will always be a requirement for efficient financial planners, analysts, executives and managers around the globe across industries of every scale. Financial expertise and industry know-how of such individuals paves the way for a company’s growth, sustenance and success.
The ever-volatile economy creates a constant requirement for individuals skilled in analyzing, predicting and eventually taking steps to secure the financial present and future of businesses. Asia’s growing economy is offering a pool of opportunities for finance students. Also, due to the uncertainty surrounding the economies of the world, there is a growing demand for students who can gauge and calculate the financial risks. Job roles in financial analysis and risk management are becoming increasingly important. Another significant trend becoming evident in the job market is an increase in buy-side companies, including hedge funds and private equity funds which are seen hiring students with a degree in finance. However, finance is an ever-changing industry and owing to this characteristic; learners need to keep upgrading their skills according to the changing trends. A PGDM in Finance keeps you abreast about the dynamic economic trends and the skills you need to gain to build a fruitful career.
The programme offers a well designed comprehensive curriculum shedding light on various aspects of financial management. It equips them with industry know-how, including the multiple challenges faced by businesses in the financial market. It prepares them to skillfully carry out their responsibilities as financial managers of an organization while understanding the process involved in analyzing cost centre, expenses and profits. The programme will give them the understanding needed for preparing balance sheets while working on the goals of maximizing profits and minimizing costs.
Here are some reasons why you should pursue a PGDM in Finance:
Sharpens your skills and prepares you with industry knowledge
A PGDM in Finance hones essential managerial and time management skills in students that enables them to balance multiple duties and success in spite of strict deadlines. The role of a financial professional requires individuals to have excellent problem-solving skills, whether it is for negotiating a deal or determining ideal financial solutions. The course prepares them for all types of scenarios they may encounter in this industry. They also develop critical thinking abilities that are useful while facing challenging situations in the financial market.
Open lucrative job prospects in the financial arena
Getting a PGDM in Finance opens a world of opportunities for students in the job market. Those opting for a role in personal finance look into financing goods including insurance (personal and property), real estate or vehicle investments, savings for retirement and tax planning. Apart from this, they also analyze and suggest ways to protect individuals or organizations from unknown financial risks.
Professionals in corporate finance are required to look into the financial activities of a business organization. Financial managers have a responsibility to create a balance between risk and profitability while analyzing and forecasting economic trends. They also review a company’s financial reports and advise on ways to increase the company’s stock value, manage funds and select a profitable portfolio of investments.
Public Finance professionals, as the name suggests, manage the financial dealings of the government entities, state agencies or federal entities.
What the future holds for students in finance?
It is seen that jobs in the finance-sector jobs have high pay, even at the entry-level.
According to The Bureau of Labor Statistics, the finance sector jobs will increase by 11% by the year 2026, higher than the average occupation.
According to the National Association of Colleges and Employers’ (NACE) Winter 2019 Salary Survey projects starting paychecks in the finance/insurance fields for the class of 2019 to range from $50,500 to $69,500 annually.
The most lucrative jobs in finance include analysts, tax associates, auditors, and financial advisors.
To begin a successful career, you need to complete your undergraduate degree in the financial field, and economics or math oriented majors are preferable. With a PGDM, you can take your career a notch higher and aim for a managerial role with a higher and a more attractive salary package.
And as it is rightly said “An investment in knowledge pays the best interest.” – Benjamin Franklin