Finance Courses at UG Level
Taking your study to the next level will help you expand your knowledge of fields related to your area(s) of professional specialisation. Most colleges offering B Com courses allow their students to gain specialisation in various areas, including:
Accounts and Finance
In accounts and finance, the primary focus lies on the systematic study of the concepts in the specialised subjects and topics related to the fields of Accounting and Finance. This area of specialisation includes the study of principles of accounting, financial planning, economic theory, micro and macroeconomics, money and banking systems, knowledge about business, trade and its characteristics, policies etc. The degree in accounts and finance prepares students to attain a professional qualification in finance and accounting. The degree allows them to acquire a greater insight in the field of Accounting and Finance. A degree in this finance course may make it easier for the students to obtain a leadership or a managerial role in the financial sector.
Economics is the study of how societies, businesses, governments, households and individuals focus and allocate their scarce resources. Considering the fact that economics is truly present in almost all the aspects of one’s lives, it can be said that studying economics brings along its own advantages. Getting enrolment under this finance course gives students a generalist understanding of the world around them. Some universities provide dual honours degrees to students so that they can combine their economics degree with another passion or interest. Within economics, students can specialise in various fields such as financial economics, international economics, and law and economics.
Banking, Financial Services and Insurance
It goes without saying that banking, financial services and insurance sector plays a vital role in economy. It is the most heavily regulated industry under financial system. Students enrolled under this area of finance courses will learn about dealing with a number of financial instruments such as equity funds, bonds, derivatives, commodities, and banking and insurance products of various types. The job of a professional under this sector is to offer credit and risk management services to clients.
This sector of finance course is referred as a place where buyers and sellers are involved in transaction (sale and purchase) of financial products such as shares, mutual funds, bonds and so on. You must have heard the terms stock markets, bond markets, foreign exchange markets and the likes. If you wish to specialise in any such capital market, then opt for specializing in financial markets after graduation. Well-functioning financial markets are vital factors in producing high economic growth. A professional in this sector is supposed to manage risk in financial institutions and focus on risk management in the financial institution.
This field of financial courses aims at imparting fundamental knowledge of the major conceptual, research and technical issues in the taxation arena to students. Tax is a dynamic and fast-paced career at the centre of the corporate world. It involves finding the best tax solutions, and offering the same to clients and other professionals in order to help them deal with complex commercial and real life circumstances. Business graduates may perform specialist tax roles in tax functions of large companies. After gaining the skills in this finance sector, you can become a tax consultant, a chartered tax adviser or a tax manager.
Basically, the job of a human resource manager is to upgrade manpower working in an organisation. In addition, an HR manager is also usually involved in promoting healthy relationships between staff and management, handling labour disputes and guiding department managers through employee issues.
Finance and information management are closely related in practice. To make any financial decision or prediction, a professional needs to be well equipped with relevant information. For the same, information needs to be effectively managed under a proper information system. After mastering the art of information management, you can become an Information Systems Project Manager, a Business Analyst or an Information Auditor. This field of finance course is quite interesting.
Finance Courses at PG Level
Following are the areas of specialization provided by most of the Indian colleges offering postgraduate finance courses:
International Finance is an integral part of financial economics. Students enrolled under this course will get to study many interesting topics regarding global economics and the impact of changes in economic policies on the global scenario. The course covers subjects such as exchange rates of currencies, monetary systems of the world, foreign direct investment (FDI), and other significant issues tied to international financial management. You must opt for this financial course if you have always had a keen interest understanding how exchange rates are determined or how manipulation of exchange rates in China could bother others.
This fascinating course deals in pricing, interest rates, shares and how decisions taken by a country’s government affect them. Also, it provides with the chance to learn about derivatives pricing, risk management methods and portfolio management.
Corporate finance course is the study of decisions associated with money for a company. A corporate finance professional is very important for any business to stay alive, as their job is to figure out how to maximize a company's value by making good decisions about investment, financing and dividends. The course proves to be useful to students who want to assist business organizations in their decisions regarding financial planning, investments, capital purchases, etc. The right decisions help these organisations in increasing their market value.
Accounting and Finance
Accounting for Managerial Decision, Advanced Financial Accounting, Corporate Financial Accounting, Financial Institutions and Markets, Project Planning and Control, and Security Analysis and Portfolio Management
The main topics covered in this finance course are Advertising and Sales Management, and Consumer Behaviour and Marketing Research. After completing the course, students are able to gain understanding of how marketing affect all the aspects of business.
Other areas of specialisation include International Marketing (Foreign Trade Policy, Procedures and Documentation, and International Business Environment), Statistics (Quantitative Techniques and Research Methodology), and Investment Management.