If there’s any specialisation in PGDM that has remained evergreen, it is PGDM in Finance. Finance has remained a management major that has been well tested by the waters of time and came out victorious. The question, hence, arises, how come?
The thing about management studies is that it is so industry-centric that the choice of a PGDM in Finance stems indispensably from the direction that the market and economy of those times choose to shift towards. The fact that the area of finance has done so well for itself continuously for so many years has been proof that this itself is a field that is important at the least and undeniably at the most.
Accounting is an extremely important field of study for those who are really interested in it and have a natural flair for subjects like accounting, mathematics, statistics, etc.. Finance is heavily used in every industry today—whether it’s regarding jobs ranging from investment banker to CFO to venture capitalist, or a completely non-financial industry that would still need a strong financial department.
And that’s why it becomes necessary to know in depth about the reasons finance has always managed to be the most popular and lucrative branch of management.
Because It’s Eternally In-Demand!
The economy keeps dwindling and getting back on its feet time and time again. And it has such a profound impact on every aspect of every little thing that a common man does that there is no way to avoid discussing it. But as important as it is, very few people actually understand what goes on inside and around this word “economy”. Add the word “market,” and you will have the beginning of a dictionary of financial jargon.
This jargon keeps everything intact in the world. It comes as no surprise at all that there are businesses-big corporate houses, the bigwigs of the industry-any industry-looking for people who hold specific expertise in fundamental financial concepts like investment and securities, costing, international finance, corporate finance, budgeting, and working capital management. Strong analytical skills being one of the first and foremost requirements of anyone pursuing a job in this field, a PGDM in Finance trains students to make financial decisions, know what’s risk and what’s profitability, and strike a balance between the two, and analyse various business models, among other things.
This is a field that requires an impeccable combination of hard analytical skills as well as sound personal judgement. Though there are established processes and theories for determining the best financial options, the real world does not provide much leeway for simply following those formulae and getting started. It wouldn’t just be a risk, but a poor one—one that, due to inadequate information and lack of information, would not at all be a calculated risk. Acquiring the ability to work with as much finesse as possible in a world that is uncertain at its best is what makes studying management in finance one of the most important courses taught today.
Numerous career opportunities
Getting a Post Graduate Diploma in Management (PGDM) in Finance presents a student with a whole lot of opportunities. Studying finance allows one to work with the decision makers both inside and outside organisations such as banks, suppliers, government agencies, businesses, and more.
Finance careers are expanding and diversifying all the time! With so many different kinds of companies and so many diverse roles out there for students to apply to, this field offers a variety of openings for them to apply to. Below are some of the areas in the financial sector that one could choose from:
- Investment services
- Commercial and investment banks
- financial planning services.
- Personal financial planning for individuals and private organizations.
- Corporate management
- Credit unions and private banks
- insurance companies
- International financial management
- Brokerage firms
The important thing to know here is that the opportunities in this field are ever changing and ever growing. And as the economy and market keep recovering, this diversity and abundance of opportunities will keep on staying, and even increasing. Not just companies that have a big name, but even many intermediary companies, whether or not they deal specifically in financial services, are on the lookout for people who have studied management with a major in finance. And, as with any major, the job choice should always be made with a focus on what the job market looks like when one graduates; with finance as the major, one can afford to stray a little, as this area always offers jobs that are necessary to both the employer and the candidate, both in terms of growth and remuneration. Studying finance is really hard. It is guaranteed to set you apart.