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    Elevate Your Career with a Diploma in Financial Analyst Management

    Synopsis

    The Diploma in Financial Analyst is a one-year program that provides education on financial theories, tools, and procedures. Admission is based on entrance exams and counseling, with a minimum requirement of passing a similar exam or having a 10+2 education. The program costs between Rs 10,000 and 8 lakhs, depending on the institution. Graduates can pursue careers as project coordinators, financial services and research analysts, or management analysts. A PhD in Financial Analyst can lead to higher income, job stability, and opportunities in academia or industry.

    Elevate Your Career with a Diploma in Financial Analyst ManagementET Special
    The Diploma in Financial Analyst is a one-year diploma degree that educates students about Financial Analyst theories, tools and procedures for financial decision-making, and how to interpret financial data.

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    The results of a relevant entrance exam and the subsequent round of counselling determine whether an applicant is admitted to courses leading to a Diploma in Financial Analyst. To qualify, they must pass a similar exam or have a 10+2 education from an approved university. A diploma in Financial Analyst typically costs between Rs 10,000 and 8 lakhs at various institutes and universities. However, government organisations may charge less than commercial ones.

    Graduates with a diploma in Financial Analyst can work as a project coordinator, financial services and research analyst, or management analyst.

    Diploma in Financial Analyst Management - Course Highlights

    The following is a list of the course highlights for those interested in pursuing a Diploma in Financial Analyst should be aware of.
    Particulars
    Details
    Course Name
    Diploma in Philosophy in Financial Analyst Management
    Course Stream
    Finance
    Course Duration
    1 Year

    Course Fees
    Rs 10,000 to Rs 8,00,000
    Eligibility
    Pass 10+2 or equivalent with 50% marks
    Course Level
    Diploma after graduation
    Course Admission
    Entrance tests and merit-based
    Course Careers

    Financial Analyst Assistant & Accountant, Management Trainee, Financial Consultant, Financial Accountant, Market Analyst, Investment Analyst, Loss Control Specialist, etc.
    Average Salary
    Rs.2 lakhs to 8 lakhs
    Top Recruiters

    A few examples of these companies include Amazon, Snapdeal, JustDial, Concentrix, Airtel, Foodpanda, Micromax, Samsung, IBM, HCL, TCS, Adobe, Himalaya, Dabur, Blue Dart, etc.

    About Diploma in Financial Analyst Management

    • A basic management education covering functional management domains with quantitative and conceptual inputs is what the Diploma in Financial Analyst programme is intended to be.
    • The curriculum is tailored to give candidates a fundamental understanding of how managerial tasks fit together, as well as a place to continue their education and pursue managerial responsibilities.
    • After completing the course, candidates should be able to create Financial Analyst processes that conduct reviews and lower financial risk. They should also be able to assess potential cost-saving measures.
    • Graduates with a Diploma in Financial Analyst can find employment as a Project Coordinator, Outbound Debt Management Specialist or Agent, Management Trainee, Financial Services & Research Analyst, and many other positions.
    • Graduates of the Diploma in Financial Analyst programme can expect to earn an average income of between Rs 3.5 and 5 lakhs per annum, which may gradually rise with experience.

    Why Study Phd In Financial Analyst?

    A PhD in Financial Analyst program can open up a variety of employment options for you and pave the way for a successful future. The following are some of the key justifications for choosing to pursue a PhD in Financial Analyst:
    • High income - A PhD in Financial Analyst graduate may expect to make between INR 4 LPA and INR 8 LPA in income on average. According to the website Pay Scale, the average pay of a PhD in Financial Analyst graduate is roughly INR 12,50,000 PA, and it rises with experience. In addition to this, the candidates receive perks and additional benefits including DA, Provident Funds, Travel Expenses, and health insurance.
    • Careers: After completing the course, students have the option of pursuing a career in academia or industry. Both professional paths have equal financial success. They have the choice to pursue a career as a professor, lecturer, or associate professor in academia. They can choose to work as market research analysts, investment bankers, etc. in the industrial sector.
    • Job Stability: The majority of PhD Financial Analyst graduates choose to work in academia because tenure-track positions offer job security. In industrial employment, they are typically hired in top-level roles, primarily as consultants, which are thought to be more stable and have a lower attrition rate.

    Diploma in Financial Analyst Management - Admission Process

    The majority of candidates are admitted to the Diploma in Financial Analyst programme based on their merit, which includes the percentage of marks they received on their school's 12th-grade or comparable-level exams. Only a small number of institutions hold entrance exams to qualify applicants for admission.
    • Students must fill out an application for such tests since some institutes or colleges hold their own entrance exams for the process of admitting candidates to the course.
    • In order to enrol in the programme, prospective students must pass these entrance tests, for which they must be eligible to sit.
    • A merit list of the qualifying candidates is created following the entrance exam, and these qualified candidates are invited for the admissions procedure by the relevant institutes or universities.
    • Candidates are required to pay the course fee and register for the appropriate school year after the final allocation of all seats to candidates.
    • However, in the majority of colleges, the admissions procedure would be a fairly simple and uncomplicated activity that might comprise admission based on merit for the course.

    Eligibility Criteria of PhD Financial Analyst

    • The candidate must have obtained at least 50% of the required marks in the 10+2 or equivalent level exam from a recognised state or central board (40% to 45% for candidates in the reserved category).
    • When applying for admission, prospective students should not have any unfinished business in any subject(s) from class 12 or an equal level.
    • To be eligible for the benefits that apply to them, students in the reserved category may need to show their reservation certificates, which have been issued by the appropriate authorities.

    Diploma in Financial Analyst - Top Colleges

    Here is a list of top colleges in India that provide a Diploma in Financial Analyst Management:
    • Central India Institute of Management Studies (CIIMS), Raipur
    • FTMS Global Academy India Private Limited
    • Utthan Shambhunath Institutions, Prayagraj
    • LBSITM Indore
    • Times Pro (TP), Chandigarh
    • International College of Financial Planning
    • All India Institute of Management Studies
    • Dr. Babasaheb Ambedkar Open University
    • Indian Institute of Business Management and Studies, Mumbai
    • Mansukh Institute of Financial Markets, New Delhi
    • Chartered Finance Analyst Institute, Mumbai
    • Mount Carmel College, Bangalore
    • Symbiosis College of Arts and Commerce, Pune
    • St. Xavier's College, Kolkata
    • NMIMS (Narsee Monjee Institute of Management Studies)

    Please note that the availability of the Diploma in Financial Analyst Management program may vary, and it is advisable to visit the respective college websites or contact them directly for more information on admission procedures, fees, and course details.

    Future Scope of Diploma Financial Analyst

    Candidates have the option of enrolling in full-time on-campus courses like BBA, MBA, or any other Postgraduate Diploma programmes in the relevant sector. Later, students can apply for doctoral programmes to earn a PhD, which will allow them to do related research.

    Frequently Asked Questions

    Ques. What is the typical cost of a course leading to a diploma in Financial Analyst?
    Ans. The cost of the Diploma in Financial Analyst programme ranges from INR 10,000 to INR 8,000,000. However, compared to private colleges, government colleges charge lower tuition fees.

    Ques. What topics are included in the Financial Analyst diploma?
    Ans. The topics covered during the Financial Analyst diploma program include accounting, financial analysis, fundamental microeconomics, money, credit, and banking.

    Ques. What is the typical income for graduates of the Diploma in Financial Analyst?
    Ans. The typical income for a recent Diploma in Financial Analyst graduate is INR 3 LPA. However, they might anticipate a salary of INR 5-8 LPA after a few years of expertise.

    Disclaimer: This content was authored by the content team of ET Spotlight team. The news and editorial staff of ET had no role in the creation of this article.
    ( Originally published on Aug 22, 2023 )
    The Economic Times

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