Bachelor of Business Administration (BBA) in Finance is a three-year undergraduate course that deals with financial management. It teaches various components of financial aspects like insurance, investment, accounting, marketing, etc.
This course deals with financial management which includes strategizing, controlling and procuring financial resources. Students will be equipped with theoretical and practical knowledge and skills. It covers various concepts such as economics, accounting, mathematics, international business, banking, funds management, business statics, financial theory, corporate finance, operation research, and so on. It also teaches several additional skills like networking, communication, portfolio management, leadership, corporate finance, investments, financial engineering, etc.
Due to digitalization, the demand for the financial department is skyrocketing and many job opportunities were created for youngsters. As government agencies, businesses, non-profit organizations get bigger, the demand for financial professionals also increases. Every organization/company needs financial professionals in order to manage their taxes and expenses.
The eligibility criteria for pursuing the BBA in finance course is that students must obtain a minimum of 50% in 10+2 from any recognized board. There are numerous institutions that offer BBA in finance courses. Each institution has its own set of prerequisites that students should satisfy in order to get admission. However, some institutions even conduct entrance exams for the admission process.
BBA in finance is a three-year course that consists of a total of six semesters. Each year is divided into two semesters. The duration of each semester is six months long.
BBA in Finance helps students to fundamentally dissect and tackle issues from a financial point of view. It also helps them to analyze and manage the expenses and taxes and present the financial reports of the companies. One should have great mathematical skills, a decent insightful and coherent mindset, ought to have the expertise and strategically manage individuals. The individual should be updated with the banking monetary terms and financial tools to deal with the problems in a better manner.
Students who are interested in and passionate about the financial industry should take up this course. Also, this is a great add-on course for students who want to pursue an MBA in finance as this course equips students with the basics of finance.
For taking confirmation in the Bachelor of Business Administration in Finance, understudies need to complete 10+2 with at least 50% percentage. The minimum percentage may vary from one institution to another.
Some institutions provide admission simply on the merit of the 10+2 class checks. But, some institutions conduct entrance exams for admission in BBA in Finance. Candidates are admitted on the basis of their score in the entrance exam.
In the selection test of BBA in Finance, a general aptitude test will be conducted by the institutes. The entrance exam is partitioned into four segments: General English and business and general awareness, Quantitative ability, and Reasonability and analytical ability.
Each part comprises 25 questions. A sum of 100 questions will be there in the test. Each question carries three marks for every correct answer. The span of the test will be two hours.
The selection of candidates will be made based on the merit in the 10+2 class or academic performance, extra-curricular activities, and personal interview.
However, some institutions conduct entrance exams for the selection process in BBA finance. After the selection test, a merit list will be prepared depending on the marks scored in the entrance exam. Based on these scores, institutions will allot seats to the candidates.
A few institutions provide direct admission based on the 10+2 percentage. Some institutions also offer admission in the management quota. However, the fee structure for the management quota will be higher compared to the normal admission.
The syllabus may vary from one institution to another. However, here are some important concepts that will be taught in BBA in finance.
The financial industry is one of the significant industries considered an organization’s prosperity. Each organization required quality and talented financial experts to deal with financial activities such as taxes, insurances, etc. A financial professional consistently provides the best types of assistance to the employees without exceeding the budget. Post-completion of the course, candidates can apply for jobs at any organization or association as there is consistently a necessity for financial experts at the organizations. Candidates can apply for jobs in various sectors such as life insurance, mutual fund, investment banking, health care, commercial banking, marketing, tourism, universities, and so on. Also, they can apply for jobs in the government sector.
Candidates can apply for various positions such as –
Private sectors like ICICI banks, Axis banks, Federal banks, KPOs, HDFC Life, Yes banks, and so on will hire the candidates. Government sectors like Oil India Limited, Indian Railways, RBI banks, Public Service Commission, etc. will also hire candidates.
The average salary package after the completion of BBA in finance is Rs 2 to 5 lakh per annum. Also, it may vary based on your position and experience.