1. #1
    Unregistered

    What is the qualification needed for Finance Manager?

    I want to know more about the Finance sector and how to excel in it. I want to see myself as Finance Manager 2-3 years down the line. Is that possible for me? Can you please tell me what are the possible steps I should take for that? What are the qualifications needed for it? Please provide me the details.

  2. #2
    sagar R.kachhadiya Array
    Join Date
    Oct 2012
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    12

    Re: What is the qualification needed for Finance Manager?

    It's nice that you are interested in the finance manager.

    Eligibility of Finanace manager

    --> you have to complete the graduation in the BBA after passing the 12th commerce from recognized university.
    --> If you want to do higher study , then you can study in MBA in Finance Management After completion of BBA.

    now a time , Finance management is very nice branch in the management.
    If you have great knowledge , interest and good communication skill ,then you have a very much bright future as a finance manager.

  3. #3
    Ashok Array
    Join Date
    Jul 2012
    Posts
    2,293

    Re: What is the qualification needed for Finance Manager?

    Quote Originally Posted by Unregistered View Post
    I want to know more about the Finance sector and how to excel in it. I want to see myself as Finance Manager 2-3 years down the line. Is that possible for me? Can you please tell me what are the possible steps I should take for that? What are the qualifications needed for it? Please provide me the details.
    Dear Aspirant,

    Your choice of carrier is very good.

    You can be a Finance Manager on the basis of your Experience,job efficiency & qualification.

    If you have joined in a finance company on the basis of B.Com,you can be promoted to the finance manager on the basis of job efficiency & experience.

    If you are fresher & possessing qualification as MBA in finance,you can be posted as management trainee first & then after some time,you will be posted as the manager finance.

    So see your position & expect accordingly.

    Thanks & good luck.

    Ashok

  4. #4
    Expert Array
    Join Date
    Nov 2012
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    39

    Re: What is the qualification needed for Finance Manager?

    Hello Friend !!

    Qualification required to become a Finance Manager :

    To become a Finance Manager you should have done MBA in Finance.

    And with this Qualification you cannot directly become the manager you need some experience before you become manager.

    So you should work as an Employee in your Field for 2 or more years and then you can apply for the Manager Posts.

    This would be the appropriate procedure to become a Finance Manager.

    You can also become if you are CA and having 4 to 5 years of experience.

    Essential Skills & Experience:

    Advance excel

    MS Word, Powerpoint

    Accounting and Financial reporting

    Familiarity with the provisions of TDS, service tax, VAT, PF PT, Customs, STPI rules etc.,

    Audit Experience

    Duties of a Finance Manager :

    Review and verify the accuracy of the journal entries and accounting classifications

    Preparations of Monthly and quarterly Balance sheet / P & L schedules as per corporate requirements.

    Review accounts payable & payroll and ensure timely payment to Vendors/ Employees

    Preparation of monthly cash flow, and fund management

    Co-ordinate with the auditors statutory, internal, audits, tax audit, etc.

    Ensure compliance of all statutory provisions under India Companies Act, 1965

    Must able to handle mid size team of 2-3 members

    Ability to work closely cross depts. eg. Legal, HR, Procurement, Facilities, IT, etc.

    Sound India Accounting Standard, IGAAP and US GAAP knowledge

    Good knowledge of India taxation direct and indirect taxes

    Maintenance of fixed asset register and Annual physical verification of assets.

    Work closely with Corporate finance team.

    Good Luck !!

  5. #5
    Aayna Array
    Join Date
    Oct 2012
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    Dehradun
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    Re: What is the qualification needed for Finance Manager?

    Quote Originally Posted by Unregistered View Post
    I want to know more about the Finance sector and how to excel in it. I want to see myself as Finance Manager 2-3 years down the line. Is that possible for me? Can you please tell me what are the possible steps I should take for that? What are the qualifications needed for it? Please provide me the details.

    Dear Aspirant...

    If you want job in Finance field so first you can complete MBA than apply Finance manger job.

    You must be good knowledge in finance field.You can apply any age MBA course and You must

    be prepare well than get a good job in Finance and now days very good scope in Finance.You

    can get a good salary after get a job.You must be MBA post graduate than apply Finance manger

    job.If you have good persanlity make a good manager so you definatly apply this post.MBA is

    must this post.You must be good skills than you become a Finance manger.

    GOOD LUCK

  6. #6
    manas.career Array
    Join Date
    Oct 2012
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    89

    Re: What is the qualification needed for Finance Manager?

    Hello ,
    For do job in Finance , you should have to have done with degree and after that You have to pursure MBA .
    In that while selecting stream , u need to choose finance .
    You can get a good salary after get a job.You must be MBA post graduate than apply Finance manger.

  7. #7
    G.one Array
    Join Date
    Jul 2012
    Posts
    677

    Re: What is the qualification needed for Finance Manager?

    Finance sector is having a boom these days and once FDI comes it generally increases more it's scope as invesment in india increases. Finance is very broad sector and every business is related to it in either way. So it's a good decision to enter in a finance sector. If you want to become an finance manager, then you need to Pursue MBA in finance specialisation for that. After completing MBA, you won't directly posted to manager post, you need to get 2-3 years experience in this field and then you will be promoted to higher post on the basis of your work.

  8. #8
    lamborgini Array
    Join Date
    Jun 2013
    Posts
    263

    Re: What is the qualification needed for Finance Manager?

    hi,

    Finance manager is a good career option

    Eligibilty criteria are-

    minimum of 60% aggregate in BBA and MBA

    Skills and professional knowledge

    But you cannot directly get manager post, you have to start with the employee and then on your work and credit basis you get promoted to higher levels.

    Hence work hard in which so ever post are

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