By Prafulla Ranjan
Financial management has become one of the most popular career specializations in recent years. A PGDM in finance is multidisciplinary and provides financial knowledge, let’s you explore the financial markets, accounting systems, financial system analysis and so much more. You also get equipped with tools, and get to understand business administration and in-depth financial products and processes.
Being designed in a way, a PGDM degree is not just about taxation or accounting, you get an exposure to stock trading, money markets, insurance, banking, credit, investments and so many topics related to capital and money. So, here are some of the reasons why a PGDM in finance could help you find the best opportunities in the market. This course allows all our students to customize the subjects according to their needs.
Career Opportunities and Potential
Finance being an important aspect for the survival of any organization, opportunities in this sector are endless and evergreen. Irrespective of the size of the organization be it a startup or a well established organization a need for finance professionals is always in demand. Finance professionals help the organization to manage the finance, plan expenditures, provide financial forecasts and help the organization to make profitable decisions and grab the different opportunities by understanding the risk and return aspect of the same.
With a PGDM one can work in banks as a bank sales officer, executive manager, CNC operator, probationary officer, work in educational institutes as a student counselor, curriculum developer, education policy developer, college marketing officer, work in export companies as commercial manager, fema specialist, work in a non-profit organization as a product quantity officer, senior finance analyst, work in marketing jobs as assistant manager, sales coordinator, marketing executive, area marketing head, management jobs like area operation manager, plant manager, general operation manager, supply chain programme manager and finance jobs such as financial advisor, investment banker, portfolio manager, bank manager. So, in a nutshell every department of an organization has a position where one can work.
As a fresher one can work as a consultant, technical assistant, administrative assistant, business manager. Apart from this, finance professionals are demanded in private sectors offering posts like management trainee, finance executive, business manager, public sectors, research organizations also look for such professionals. With a degree in PGDM one can work as an advisor and consultant in IT firms as an associated or full-time work role, one can also work as a mentor in coaching institutes to prepare students for entrance exams. Being an entrepreneur is another career potential one can consider with a PGDM degree.
One of the most important factors for PGDM being a great career is a higher salary prospect. Experienced professionals can earn as much as they want irrespective of the organization they work in because the demand for skilled professionals is highly needed. Though there is an immense demand for financial professionals the market is competitive. To be on the higher end you need to stay one step ahead from your peers in order to do so you need to be well versed with the ongoing events in the industry. PGDM course enables you with skills and understandings that are highly needed in every organization for a smooth and successful revenue. The average PGDM salary in India is Rs 7.7 lakh per annum.
PGDM in Finance is one of the fastest growing industries and demands for professionals of finance management to boost up the business operations. Finance management as a career in India is one of the evergreen careers and offers opportunities in various sectors.
PGDM is one of the highest qualifications demanded by students as it builds up the potential qualities that are required and demanded across all industries. Having a PGDM certificate is beneficial as it gives a person the advantage to ask for a higher pay, apply for senior jobs, and shift industries as per your convenience as a need for a finance professional is always present across all domains.
In a post – pandemic world the need for such professionals is highly needed in order to maintain the financial growth and advice for a growing economy. Finance experts are high in demand as a need for management professionals is always present thus resulting in higher average pay.
With multiple benefits of choosing a career in the financial sector, the program also helps improve your reasoning skills while increasing your confidence and helping you achieve the necessary skills which are in demand
The author is programme director at Asia-Pacific Institute of Management (AIM).