A career in Finance is exciting and promising, and usually very lucrative. It attracts young people who are hugely ambitious and those also having an inclination for Economics, Accounting and the ability to quickly and intuitively grasp and process complex financial concepts and data. Financial Management is about how to most efficiently use organizational funds, whether in a business set-up, non-profit agency or government entity. Poddar Business School, one of the top Business Schools in Rajasthan, conducts best PGDM program comprising Finance as one of the specialization.
Accounting and Tax Financial Careers
Accountants and Auditors
Accountants and auditors analyze their company’s finances and prepare financial documents. Within a financial organization, there may be specific titles, such as junior accountant, senior accountant, auditor, and tax accountant.
- Junior accountants focus on balancing accounts and preparing reports. Senior accountants may need a master’s degree or a certified public accountant (CPA) license, and they assist in analyzing and maintaining the company’s financial health, in addition to being supervisors to junior accountants.
- Auditors are primarily in charge of tracking accounts and seeing that they are recorded accurately. An auditor must also prepare financial statements, such as balance sheets and audits, and ensure that all operations and documentation meet legal and financial regulatory standards.
- Tax accountants prepare client tax documents and ensure all tax filings follow local, state, and federal tax regulations. Preparing tax reports, solving issues and errors with filings, and finding areas where money can be (legally) saved are all duties of tax accountants.
Financial Manager and Controller
Financial Managers work in many different areas and industries, including investment firms, banks, and insurance companies. They primarily handle the creation of financial reports and the development of long-term financial plans for an organization. Another type of Financial Manager is the Financial Controller or comptroller. Controllers are the highest ranked person on an accounting team, outside of the chief financial officer. The controller ensures that the company stays in good financial health and oversees the work the rest of the accounting team does.
Financial Analyst
Financial Analysts interpret financial statements and forecast the company’s future financial performance. In addition, analysts compare current financial situations to the initial plans laid out by a Financial Manager or chief financial officer and assist in creating reports to help the company stay on track with its strategy based on market conditions.
Budget Analyst
A Budget Analyst, sometimes called a cost analyst, looks at the company’s budget and determines ways to make or keep the budget efficient. Budget analysts also help maintain records and decide if funds need to be allocated differently.
Chief Financial Officer
Chief Financial Officers (CFOs) are the top-ranked person in a company in regard to the organization’s finances. A CFO has two main roles: overseeing all financial activities within the company, as well as the accounting team members, and being an adviser to the other C-suite executives.
In PGDM program of Poddar Business School the modules covered in Finance as elective are: Management of Financial Service, Security Analysis and Portfolio Management, Financial Derivatives, Mergers, Acquisitions and Restructuring, Financial Risk Management and Financial Systems, Institutions and Instruments.