BEST FINANCIAL COURSES IN INDIA
are offered in India at various levels. There are courses after intermediate,
after graduation and after masters. Some of the courses are also offered as
skill enhancement programs for working executives. These financial courses can
be grouped in different ways there are statutory courses that are offered by
bodies set up by acts of parliament, courses offered by various universities in
India, courses offered by foreign boards by setting up representative boards in
courses offered in India relate to:
1. Personal Finance
2. Corporate Finance
3. International Finance
4. Financial Management
Through these courses, students learn how finances, investments and the economy
affect a company and an Individual
We have enumerated the all of the above type of courses and provided links to the
website of the institutes that offer the best programs in the above domains of
Personal Finance means finance related to individuals. In personal finance
courses the participants are taught How to manage finances of an Individual? The
participants learn to create personal financial statements, analyze finances of
individual, advice individuals on managing their finances in order to meet their
financial goals. In a personal finance course, students learn how to counsel
individuals on money-saving techniques and budgeting. Personal finance topics
covered include auto loans, mortgage loans and budgets. Taxation, including
saving money to pay taxes and getting the most out of deductions, is also
Personal Finance Courses can be taken after intermediate or graduation but it is
advisable to pursue these programs after graduation. As the level of
intellectual ability and pre-requisite knowledge required to pursue these
programs is such that a graduate or students nearing completion of their
graduation are better placed in doing so.
Courses in Personal Finance:
Chartered Wealth Manager® (CWM®)
Certified Financial Planner® (CFP®)
Corporate Finance deals with managing and analyzing finances of a Company or a
Business. In corporate finance the sources and uses of funds is dealt for. In a
corporate finance course the students learn maximize the wealth of the
shareholders of a company by finding out best source of capital and also learn
how best to deploy this capital for long term profit maximization for a company.
Students learn about possible financial problems, such as the cost of capital
and the risk of investing in a certain product or company.
Corporate Finance Courses help the students develop skills in Financial decision
making for a Company including capital budgeting/corporate investment, capital
structure, corporate sources of funding, dividend policy and corporate
contingent claims, international finance, and financial risk management. Some
areas of corporate finance that are also very important are leasing, mergers and
acquisitions, working capital management, standard theories of risk and return
and valuation of assets.
Corporate Finance Courses can be classified into:
A. Banking Courses
B. Analytical Courses
C. Financial Management Courses
D. Financial Modelling
Some of the Prominent Corporate Finance Courses are:
JAIIB & CAIIB Programs from IIBF
IFBI POST GRADUATE DIPLOMA IN BANKING OPERATIONS (PGDBO)
PGDM (BANKING AND FINANCIAL SERVICES) - NIBM (NATIONAL INSTITUTE OF BANKING
DIPLOMA IN BANKING - WELINGKAR
FINANCIAL ANALYST PROGRAM (CFA)
EDU PRISTINE POST GRADUATE CERTIFICATION IN FINANCIAL RESEARCH
FINANCIAL & INVESTMENT ANALYSIS - AMITY UNIVERSITY
FINANCIAL AND BANKING ANALYSIS CERTIFICATION - IIMRA
1. POST GRADUATE DIPLOMA IN (FINANCIAL) MANAGEMENT - NATIONAL INSTITUTE OF
PGDM IN BANKING & FINANCE MITCON INSTITUTE OF MANAGEMENT
FINANCIAL MODELLING USING EXCEL - EDUPRISTINE
FINANCIAL MODELLING COURSE - IMS PROSCHOOL-NSE
CERTIFICATE PROGRAM IN FINANCIAL MODELLING IN EXCEL - INDIAN INSTITUTE OF
FINANCIAL MODELLING - BSE
Accountancy Program (CA)
Actuarial Society of India
Specialized Courses in Finance:
There are specialized courses covering a particular niche of finance.
Mergers and Acquisitions
TRUST AND ESTATE PLANNING
BRIEF ABOUT THE MAJOR FINANCIAL COURSES IN INDIA
Chartered Wealth Manager® (CWM®): The CWM®
Program is offered by the American Academy of Financial Management USA. There
are over 50,000 CWM Certificants all over the globe occupying top positions in
the Wealth Management and Private Banking sphere. The program is offered in
American Academy of Financial Management India set up by AAFM USA.
The program covers both Indian and Global content. It prepares the participants
in the art and science of managing wealth of Ultra Affluent Clients. The
participants build skills in managing local investments as well as global cross
The program curriculum is divided into 2 levels; level 1 is the foundation level
and level 2 is the advanced level.
The program is offered through Authorized Education Providers of AAFM India which
include organizations like ICICI Direct, Indiacan a Pearson and Educomp Company
CWM® is the highest global designation in wealth management globally
and opens doors for International Jobs in top Banks and Financial Institutions.
The program can be pursued after intermediate but the participants need to have
passed graduation to be awarded the CWM® designation.
The program can be completed in 3-6 months.
Certified Financial Planner CM (CFPCM): The CFP program is
offered by Financial Planning Standards Board based in USA. The program enables
the participants to learn Financial Planning for individuals. The program is
divided into six modules and a participant needs to clear five examinations to
qualify for the program.
CFP program is the highest global designation in Financial Planning which equips
participants to advise individuals in planning for their financial goals.
Students need to be intermediate with 3 years of work experience to be awarded
the CFPCM Designation.
Difference between Financial Planning and Wealth Management
Wealth Management is an advanced area of Financial Planning incorporating
Financial Engineering, philanthropy, tax issues and portfolio management. The
Professional Sequence in Wealth Management provides financial planners with the
training to help wealthy investors navigate their particular challenges and
Difference between CWM® CFPCM and CFA
Accountancy (CA): It is one of the most widely sought after finance professions in India. A
practicing CA is guided by the rules of Institute of Chartered Accountants of
India ICAI and has got the legal right to file for Income Tax Returns ITRs of
clients and doing audit of companies. CAs earn hefty fees for the services
rendered. CA is a sure shot way of getting a job or starting your personal
practice because the economic scenario implies that there will be new businesses
opening every time and it is compulsory under government regulations for a
company to get audited by a CA.
This course is a optimum blend of practical and theoretical education. It
consists of three levels of examinations and three years of practical training
under a practicing Chartered Accountant. The Chartered Accountancy course is
considered to be one of the rigorous professional courses in India. Preparation
of CA happens in multiple phases and if pursued seriously it can be cleared in
around 4 years.
The first level of examination for CA:
The CPT or Common
Proficiency Test is the first level of Chartered Accountancy examinations. A
person can register for CPT after completing Grade 10 and take the exam after
completing High School (Grade 12).
The second level of examination for CA:
IPCC or Integrated
Professional Competence Course is the second level of Chartered Accountancy
examinations. A person can take the IPCC Examination after passing CPT and nine
months of study. IPCC has two groups of seven subjects. Group - I consists of
four subjects and Group - II of three subjects. A passing grade is awarded if
the candidate obtains 40% marks in each subject and 50% in the aggregate in each
The third and final level of examination for CA:
CA Final Examination
is the last and final level of Chartered Accountancy Examinations. Any person
who has passed both the groups of IPCC, during the last six months of
articleship can take the Final Examination. This exam consists of two groups of
four subjects each. A passing grade is awarded if the candidate obtains 40%
marks in each subject and 50% in the aggregate in each group.
Actuaries: Typically an Actuary uses financial and statistical techniques to solve real
business problems, particularly that involving risk management. But what sets
them apart from their counterparts in other professions is the natural
mathematical, economic and statistical aptitude, awareness and the ability to
apply these to situations in the real financial world.
The program is offered by Institute of Actuaries formerly known as Actuarial
Society of India. The program has a total of 15 papers after the completion of
which the person can get jobs in insurance sectors namely premium calculation,
policy formulation or insurance marketing with an average package of around INR
50 lakhs. Actuaries have an added advantage that the person can do a job along
with clearing the papers and each successive paper adds to the existing pay
package the person is getting. There are around 200 fellow actuaries in India.
The Chartered Financial Analyst (CFA):
Program is a
professional credential offered by the CFA Institute (formerly AIMR) to
investment and financial professionals. A candidate who successfully completes
the program and meets other professional requirements is awarded a "CFA charter"
and becomes a "CFA charter holder."
The program prepares the participants in becoming proficient in Financial
Analysis, Equity Research etc. The CFA charter is a qualification for finance
and investment professionals, particularly in the fields of investment
management and financial analysis of stocks, bonds and their derivative assets.
The program focuses on portfolio management and financial analysis, and provides
a generalist knowledge of other areas of finance. Additionally, the CFA charter
has experienced increasing relevance and demand within corporate finance.
The basic requirements for participation in the CFA Program include holding or
being in the final year of a university degree (or equivalent as assessed by CFA
Institute), or having four years of qualified, professional work experience in
an investment decision-making process. To obtain the charter, however, a
candidate must have completed a university degree (or equivalent) and four years
of qualified, professional work experience, in addition to passing the three
exams that test the academic portion of the CFA program, as discussed below.
Candidates take one exam per year over three years (assuming a pass on the first
attempt). Fees as of December 2009 for each exam range from $710 to $955,
depending on the date on which the candidate registers to take the exam, plus an
additional $400 to $480 for program enrolment for new members.