Why become a chartered finance manager?
There is a lot of hype around Chartered finance manager courses these days. As a lucrative career option for people with ambitions of entering the investment market, it is popular. For students with a background degree or foundation in investment, finances, or commerce it is a great choice.
Chartered finance managers are certified professionals that are commissioned to handle investments for both, individual and corporate clients. The job is filled with all sorts of critical decision making, analysis, and statistics and is by no means an easy job. Making money for people is a tricky thing to accomplish.
There are more and more people every day enrolling in Chartered finance manager courses to gain the necessary tools and tricks of the trade. It is important to note that you need a lot more than just a degree to make it into the professional world, but it is a great starting point.
With strong foundations and a ground-level understanding of the concepts that go behind making good investments, market predictions one can learn a lot. There will be better decision making and risk analysis if the foundations are strong, to begin with. Let’s take a closer look at the education required for this field.
Education and Job responsibilities
As is the case with most business and management-related fields this is also a domain that requires a good education just to get started. The course can last anywhere from 6 months to over two years. The content and course outcomes vary a lot with the choice of B-schools and type of course.
Chartered finance management courses are of two types essentially, a short term almost crashes course-like fast track version. And then there is the staple, four semesters, two years long management course that most people are familiar with. Both versions have their respective pluses and minuses.
A bachelor’s degree in commerce, accounts, finance, planning, or investment is preferred. It isn’t compulsory but as mentioned earlier, it provides a good foundation and prepares the individual for understanding and appreciating the concepts better. The course fees for the charted finance management course vary with the B-school as well.
Chartered finance managers have to deal with a lot of work. From Cost management, accountancy, finances, portfolio and equity to even corporate finance management. It is one of those jobs where the job responsibilities aren’t always etched in stone and will vary with the client being serviced at the moment.
Career trajectory and better prospects with more experience
By putting yourself through a chartered finance manager course you’ve placed your future in great prospects. The very cream of the crop jobs of the financial world is available to chartered finance managers, largely inaccessible by the rest. Getting placement will be much easier as well.
Banks are active recruiters in this industry, so are insurance firms, the stock market, and many more financial institutions that lie in between. Chartered finance managers are hired for high profile investment gigs on the regular. The corporate world will be on the lookout for you.
As your experience grows and you’re able to prove that you are a financial manager worth your salt you’ll be approached more. Finding a locked in job, a corporate finance gig, or going one hundred percent freelance are all open possibilities for you with comparable if not equal prospects.
One can also open a consultancy or accounting firm after completing a chartered finance manager course. India is in a position where they need more small businesses and start-ups are ever on the rise. Unemployment is a problem that can’t be dealt with without these initiatives. You can be a part of the solution, you can create employment opportunities for others.
The average salary offered to chartered finance managers if they chose to settle for permanent employment is 6 to 12LPA as an entry-level professional. It scales up immensely with more experience. In case of investment gigs and contracts, you can negotiate your commission. The most lucrative option here is your own firm.
With which you can earn way more than you could ever earn as an employee or a freelance finance manager- but there are certain risks involved. Starting a business takes measuring twice and cutting once on every step of the way- tread carefully. Regardless of which path you chose, the career scope of a chartered finance manager is great in India.
