Finance is a stream of work that requires a remarkable comfort level with numbers. There’s a lot of analytics and statistics involved and expertise is often a requirement for the job. One must also maintain updated knowledge of the ins and outs of the finance world and keep an eye out for any new developments in the domain. Chartered finance managers are super qualified accounts professionals, to become a chartered accountant one has to go through a gruesome selection examination that spans multiple rounds of varying difficulties and plenty of training follows it. But if one wants to leave their mark in the finance world even after becoming a chartered accountant or if someone has a strong background in finance and accounting and wants to make the next big leap in their career- chartered finance management jobs should be their next goal. As a position of undeniably high responsibility, dedication and focus. This field requires professionals that are a level above the freshmen in the accounting and finance world. This is achieved by using specially designed courses that focus on course matter dedicated to the skills needed for this stream and those skills only.
The courses that need to be pursued and completed last anywhere from half a year to a couple of years. This duration is majorly dependent on the type of course, the Institute in question and the mode of the course (fast track or traditional length). A bachelor’s degree in finance and accounting is preferred as it supports the job with a strong foundation of relevant course material. Chartered accountants are suited for these jobs and qualifications such as the Institutes of Cost Accountants India’s Test of Cost Accountancy, etc. help advance the career and more than likely increase the credibility of the candidates and the chances of their hiring. Other relevant complementary skills to the finance domain should be developed and honed.
Cost and management accountancy, Financial accountancy, International finance management, Portfolio management, Take over and merger, Corporate finance, Derivatives and equity investments are some subjects and specialization areas that are explored in detail in the course. It is designed for people that want the edge over their peers in the finance world and have the zeal to be pioneers in new finance management tactics. The specialization aspect of the course is targeted at the freshers as well as seasoned candidates and is simply a compliment to the basic knowledge of finances that the candidates possess. XIBMS, ISBM Delhi, NIMT Delhi, Lotus BSchool, Institute of Foreign Trade, Institute of Management Research and Technology, etc. are some premier colleges that offer this course. The course fee is about thirty thousand rupees for fast-track courses and distance learning programs. This fee goes up a considerable amount for longer and more detailed on-campus courses, admittedly, they have more exposure and practical experience attached to them as well- something to consider.
The highest tier of jobs available in the finance field is in reach after completion of this course and the career progression is as smooth as it gets. Accounts Secretary, Accounts Manager, Accounts Advisor, Senior Accounts Analyst, Executive Accountant, Senior Associate, etc. are most sought after job profiles in this domain and at that stage of skill level grabbing a job shouldn’t be very difficult. India is a country of numbers, we are over a billion people strong and accounts is no small affair for our country’s corporate and public sector. It goes without saying that this is an almost evergreen field and demand for skilled labor is relatively high and the most fierce competition is in the post-hiring phase, when the actual career progression begins. The average salary offered at entry-level is twelve to fourteen lakhs per annum and climbs up to the hefty mark of over thirty lakhs with substantial amounts of experience to back it up.
Chartered finance management jobs are plentiful in India and the growing corporate sector of the economy has brought forward into the light an emerging foreign trade market and both of these call for efficient accounting and financial advisory and management on a level beyond entry-level candidates. Chartered finance management, being the saving grace and a crucial aspect of the expanding businesses has good career prospects in India.
