What is Finance?
This discipline deals with the management and study of funds. Students of Finance study how to execute financial activities like banking, loan, credit, debit, market economy, and other financial aspects.
The aim of Finance as a subject is to teach people how to save, manage and raise funds.
Degrees Offered for Finance
Undergraduate Level
Here are a few degrees offered at this level:
- Bachelor of Arts (B.A)
- Bachelor of Science (B.Sc)
- Bachelor of Commerce (B.Com)
- Bachelor of Business Administration (B.BA)
Postgraduate Level
Here are a few degrees offered at this level:
- Master of Science (M.Sc)
- Master of Business Administration (M.BA)
- Master of Arts (M.A)
- Master of Commerce (M.Com)
Specialisations offered in the field of Finance
Mentioned below are the specialisations offered in this field:
- Banking
- Banking and Finance
- Banking and Insurance
- Banking, Financial Services, and Insurance
- Certified Management Accountant
- Finance
- Finance and Accountancy
- Finance and International Business
- Finance Hons
- Finance Management
- Financial Analysis and Services
- Financial Analytics
- Financial Investment Analysis
- Financial Markets
- Financial Services and Markets
- Forex Management
- International Finance
- Quantitative Finance
- Strategic Finance
- Strategic Finance Hons
Eligibility Criteria for studying Finance
Undergraduate Level
- Candidates who have given their class 12 board exams with 60% and above are eligible to apply
- Candidates who had Maths or Stats in their +2 are eligible to apply.
- Students expecting their board results in class 12 can also apply.
Postgraduate level
- Candidates need to have a bachelor's degree in Finance or an equivalent course from any recognised university.
- Students need to have a minimum of 50% as their aggregate for applying to most of the postgraduate commerce courses.
- There are certain entrances that a candidate needs to sit in order to gain entrance into a postgraduate course.
Entrance Exams for studying Finance
Here is a list of entrance exams that a candidate can choose to appear for:
- Institute of Chartered Accountants of India, Chartered Accountancy Exam (ICAI CA).
- Institute of Company Secretary of India, Company Secretary Exam (ICSI CS).
- Institute of Cost and Work Accountants, Cost and Management Accountancy Exam (CMA).
- Chartered Financial Analysis Exam (CFA).
- Common University Entrance Test (CUET).
- Symbiosis Entrance Test (SET).
- Common Aptitude Test (CAT)
- Management Aptitude Test (MAT)
- Graduate Management Admission Test (GMAT)
Aptitude required for Finance
If you wish to take up Finance as a subject, below are some skillsets that you should master:
- Quick Thinking Skills
- Problem Solving Skills
- Critical Analysis Skills
- Numeric Skills
- Negotiation Skills
- Time Management Skills
- Logical Reasoning
Syllabus for Finance
Here are some papers that Finance covers:
- Quantitative Methods
- Portfolio Management
- Financial Management
- Commercial Banking
- Financial Markets
- International Business Economics
- Fixed Income Securities
- Risk Management
- Corporate Taxation
- Management of Financial Services
Career Prospects/Placements for Finance students
Mentioned below are some job profiles that students of Finance get placed in:
- Business Analyst
- Operations Manager
- Relationship Manager
- Finance Manager
- Bank Manager
- Chartered Accountant
- Chartered Financial Analyst
- Chartered Wealth Manager
- Certified Financial Planner
- Certified Public Accountant
- Financial Risk Manager
- Cost and Management Accountant
- Company Secretary
Starting Salary for Finance students
The starting salary for an Economics professional in India is between 6-14LPA.
Subjects similar to Finance
Candidates looking for similar subjects to accountancy could opt for CA, CS, Banking, Economics, Accountancy, Taxation, Statistics, etc.