Scope of BBA in Finance

In this 21^st century, we have entered into the new phase called digitalisation. In the field of finance, we have moved towards green finance or can be called as soft cash. This transformation has opened up the doors of employment for young managers. Nowadays, the scope of finance in various sectors is sky rocketing. The financial sector is a diverse one and has fascinating career fields. As businesses, non-profit organisations, and government agencies grow, the need for experienced financial professionals also increases. However, many people are not aware of the utility of finance specialisation that has a wider scope in the current changing scenario.

Today, we will discuss the courses that give students in-depth exposure to the concept and theories and help them understand how financial planning, investment portfolio, and economic affairs are handled.

No doubt, there are many courses available in the market having their own merits but when we talk about exclusively finance sector, professionalism and dynamism are the two features that add the glory of the course and make it more distinctive. A three-year programme of Bachelor of Business Administration(BBA) with finance specialisation will be the best option possessing all the above qualities, preparing graduates for success in entry-level positions by associating with large corporations such as Banking sectors, Investment sectors, MNCs, Export companies and financial Engineering. Needless to add, as an entrepreneur, Finance becomes the lifeline of the business.

There are various job opportunity options available to students after BBA in Finance. The salary package varies depending upon the type of job and number of years of experience. For fresher’s, the monthly package will be ranging between Rs. 20,000 to Rs. 40,000 per month and obviously increases after the experience.

Some of the highest-paid popular career options after BBA are:

• Financial Analyst- A financial analyst often works for an investment bank or asset manager.  The type of job responsibilities held by financial analyst generally focuses on SWOT analysis of external companies. This includes examining financial and non-financial information, micro and macro-economic data and evaluation of the financial position of the company
• Financial Consultant- Corporations are provided with internally focused financial advice by financial consultants. A financial consultant provides guidance and helps a business to increase shareholder value and improve capital efficiency. The job responsibilities include advice during merger and acquisition or design a compensation strategy for company executives
• Business Analyst- Business Analysts carry out market analyses dealing with product lines and the overall profitability of the business. The job description includes financial modelling, budgeting and forecasting, planning & monitoring and reporting to stakeholders
• Investment Banking Analyst- It is a different kind of job profile demanding in India and abroad with attractive compensation. Investment banking analyst is responsible for the use of models and predicts forecast in support of senior partners for venture capital deals, stock valuations, or other institutional decisions
• Finance Manager- Finance managers plan and manage the financial activities of the business. They provide aid to top executives in dealing with financial matters and proper utilisation of funds
• Personal Financial Advisor- The role of the personal financial advisor is to provide financial advice in the context of investment alternatives, retirement and insurance plans and many more

About the author

Dr Priyanka Chawla is Senior Assistant Professor at Acropolis Institute of Management Studies and Research. She has expertise in Finance and has over eight years of experience

Note: The views expressed in this article are solely author’s own and do not reflect/represent those of Shiksha