Introduction:
BFM stands for Bachelor of Financial Management which is a three-year management course for undergraduates. The BFM course was introduced by the University of Mumbai to enhance the understanding of financial management among the students. It includes various facets of the financial market such as investments, risks, legality and many more things. It focuses on training students and making them ready to deal with the field of the financial market. It works as a prerequisite for the students who are highly interested in the field of business.
Eligibility:
There are no special criteria for students to pertain for BFM course. They can enrol for BFM course if they satisfy the following conditions-
- Applicant must have passed 10+2 examination with specialization in any field of arts, commerce or science from a recognized board or university.
- Applicant must have scored an aggregate of at least 50% to apply for the admission.
Syllabus:
The whole curriculum is divided into six semesters under which various subjects such as Principles of Investment, Statistical Applications, Global Capital Markets and many more but other than this Project I and Project II are also included in the last two semesters. However, this is a generalized curriculum from one college to another.
Scope:
There is no doubt that a Bachelor’s degree in financial management has a great scope in terms of future career whether it is for taking jobs or moving ahead for Masters. According to research, projected job growth in the field of financial management is 15-25% in coming years keeping in mind that it is not an overall percentage but a growth percentage which is really huge. When it comes to salary completing BFM degree from a good college with good score brings on an average package of INR 4 to 6 LPA for fresher. It is obvious that the package will also vary based on the experience of the student. Some of the job roles for BFM pass outs are Financial Consultant, Outbound Debt Management Specialist, Financial Officer, Deputy Financial Manager, Management Trainee and many more.
Other than this the students after BFM can also opt for a Master’s Degree in future.
Best colleges for pursuing BFM:
Some of the best colleges in order to get admission for the course of Bachelor in Financial Management are listed below-
- Maharshi Dayanand College of Arts, Science & Commerce
- M.M.K. College, Mumbai
- Bir Bikram Memorial College
- Raheja College of Arts and Commerce
- Mumbai University
- Narsee Monjee College of Commerce & Economics
- Symbiosis Institute of Business Management
- Pune University
Course fees:
The course is in demand and possess a great scope hence it is pretty obvious that the fee will be quiet high. The average fee for pursuing BFM course is INR 30,000 to INR 50,000 per semester. It totally depends upon the college, facilities provided by them and their approved fee structure hence it can be different among various colleges of India.
The Bachelor Degree in Financial Marketing is a course which aspiring minds must pursue as it develops the business as well as analytical skills among the students so that they become independent and willing to take financial decisions for themselves as an individual or for an organization.
