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Financial managers are responsible for the financial health of an organization. Strategic planning, organizing, directing, and controlling of financial endeavours inside a company or institution is referred to as financial management. Along with being crucial to fiscal management, it also entails applying management principles to an organization's financial assets.


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What is a Financial Manager?

Financial managers are responsible for the financial health of an organization. They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

What are the different career/profession/job options available in Financial Management?

  • Public Accounting. Accounting is an extensive field of study and practice, comprising a variety of financial services

  • Corporate Finance

  • Investment Banking

  • Portfolio Management

  • Risk Management

  • Financial Planning

  • Commercial Banking

  • Compliance and Internal Control

What is the basic Qualification Needed for Business Psychologist?

1: Bachelor’s Degree

To work successfully as a Financial Manager, you need to have a bachelor's degree in finance, management, accounting, or business administration.

2: Master’s Degree

a master's degree, preferably in business administration, economics or finance.

What is the scope of a career in Business Psychology in India?

The scope is basically divided into two approaches-

1)Traditional Approach to Financial Management

Earlier financial management’s main focus was on procuring resources that are either short- or long-term, from financial institutions like banks. The financial manager would then mobilise these funds through various assets that can be traded, which include bonds and equity shares, among others. In the traditional approach, the finance function aligns with accounting and complies with legal standards.

2)Modern Approach to Financial Management

The modern approach is necessary as globalization started to transform the global economy. The financial industry has seen many changes due to recent technological innovations in the recent years. These factors have contributed to a larger and deeper finance environment that needs in-depth analysis. The old approach no longer works as it cannot reach the range of decisions that financial management demands today.

The modern financial management approach focuses on efficiency. The financial manager of today needs to evaluate a company’s asset requirements, funds and recognize alternative ways how to finance and utilize the assets.

What are the types of Financial Managers?

  • Treasury and Capital Budget Management.

  • Capital Structure Management.

  • Working Capital Management.

  • Financial Planning, Analysis and Control Management.

  • Insurance and Risk Management.

What does a Financial Managers do?

  • Financial managers perform data analysis and advise senior managers on profit-maximizing ideas.

  • Financial managers are responsible for the financial health of an organization.

  • They create financial reports, direct investment activities, and develop plans for the long-term financial goals of their organization.

  • Producing accurate financial reports and information

  • Developing cash flow statements

  • Projecting profit

  • Managing credit

  • Providing advice in making financial decisions

  • Directing investments

  • Making financial forecasts

  • Budgeting

  • Managing risk of financial loss

What are the top universities in India to study Financial Management?

  • SP Jain, Mumbai

  • Narsee Monjee, Mumbai

  • Taxila Business School, Jaipur

  • Lal Bahadur Shastri Institute of Management, Delhi

  • Xavier Institute of Social Service (XISS) Ranchi

  • K J Somaiya Institute, Mumbai

  • National Institute of Bank Management, Pune

What are the top universities in Abroad to study Financial Management?

  • Harvard University, the US.

  • Massachusetts Institute of Technology (MIT), the US.

  • Stanford University, the US.

  • The London School of Economics and Political Science (LSE), the UK.

  • University of Oxford, the UK.

  • University of Cambridge, the UK.

What subject will be best/suitable/relevant for Financial Manager?

  • Financial Management deals with subjects like Risk Management,

  • Portfolio Analysis

  • Capital Markets

  • Macroeconomics

  • Microeconomics

  • Tax

  • Advanced Marketing.

What course will be best/suitable/relevant for Financial Manager?

  • To become a financial manager, individuals usually need to earn a bachelor’s degree in a field such as accounting, finance or business administration.

  • A master’s degree in a related field can provide the enhanced knowledge and skills to advance to leadership positions.

In addition to educational credentials, individuals can pursue several professional certifications that enhance their knowledge and qualifications. Examples of certifications include:

  • The Institute of Management Accountants offers the Certified Management Accountant (CMA) certification.

  • The International Financial Management Association offers several certifications in credit analysis and management, internet finance, investments and management accounting.

  • The Global Association of Risk Professionals offers the Financial Risk Manager (FRM) certification.

  • The Association of Government Accountants offers the Certified Government Financial Manager (CGFM) certification for financial managers who work for governmental organizations.

What are the entrance Exams for Financial Manager?

  • CAT

  • CMAT

  • SNAP

  • XAT

  • MAT

  • ATMA

  • NMAT by GMAC

How much year will be required for study of Financial Manager?

Financial managers typically need a four-year degree and at least five years of relevant work experience for a total of nine years.

In many cases, financial managers enter their roles after working in business or finance occupations as financial analysts, securities sales agents, and accountants.

Which skills Required to be in Financial Manager?

-the ability to balance the demands of work with study commitments.

-good time management skills and the ability to prioritize

- the ability to work as part of a team and to build strong working relationships.

- the capacity to make quick but rational decisions.

The 8 vital skills any good finance manager should possess

  • Strategic and analytical skills

  • Be tech-savvy

  • Adaptability

  • Honesty and strong values

  • Strong communication skills

  • Leadership skills

  • Industry-specific knowledge

  • Keep learning

Which type of personality is best for Financial Manager?

The top personality traits of financial managers are extraversion and conscientiousness. Financial managers score highly on extraversion, meaning that they rely on external stimuli to be happy, such as people or exciting surroundings.

Which is the top/best companies offering job in Financial Manager?

-Boston Consulting Group

-Bain & Company

-JP Morgan Chase & Co

-McKinsey & Co



-State Bank of India


What are the pros & cons / Advantage & disadvantage of working as Financial Manager?


  • Better Decision Making

  • Transparency of Information

  • Finance Control

  • Enhances Managerial Efficiency

  • Profit Maximization and Wealth Maximization

  • Determines Adequate Capital


  • Costly

  • Rigidity

  • Determination of Standards

  • Difficulty in Applying Control Measures

  • Problems in Recognizing Deviation


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