Are you an aspiring top journalist? Are you wanting to become among the future leaders of journalism? If you have been following this blog, you must be aware of the BFM News Writing Course that will be offered by the Journalism Institute of India in the coming months. The course will enable students to hone their research, writing, and editing skills, as well as to learn about the regulatory and ethical issues that they will face as journalists in the future.
The Bachelor of Management Studies (BMS) was introduced in the year 2013, with a total duration of 1.5 years. The BMS is a full time degree course and it is offered by any university with a recognized reputation. The University Grants Commission (UGC) has also announced that the BMS would be the only course that will be recognized for the purpose of eligibility as a B.Sc.(H) (Science). More men than women opt for the BMS as compared to the B.Sc. (H) (Science) and B.Sc. (H) (Arts). The BMS is a full time degree course and it is offered by any university with a recognized reputation.
The course covers the B.F.A. course in Business Administration and other related subjects. It has been designed to be beneficial for the entry level professionals. It is devised to engage the students on practical aspects of the subjects. The course covers the syllabus from the first day. It throws light on career choices, establishments to look for, subjects to be focused on in the B.F.A. course, duration of the course, salary package, fees, etc.
BFM is a specialized program related to the financial market sectors and can be taken after the 12th grade. Candidates who work in the retail industry get additional benefits in their respective fields of work. A person pursuing BFM will gain a lot of experience in the field of finance, banking, mutual funds, securities markets etc. Before enrolling in a BFM course, you should know about the admission criteria, entrance exams, top colleges, assignments and salary requirements. In this post, we have listed all these aspects, let’s have a look at them:
What is a BFM training course?
BFM stands for Bachelor of Financial Markets, better known as B.Com in Financial Markets. It is a full-time university course offered by several Indian universities and colleges. It covers aspects of the financial markets. This course includes a conceptual and practical understanding of the organization, control, planning, management and processing of the assets or monetary resources of a business or organization.
In this program, candidates will receive classroom training, presentations, industry visits, networking with experts, projects, assignments, hands-on activities, etc. The main objective of the BFM course is to impart in-depth knowledge and skills in financial marketing, concepts of supply and demand, market forces, fundamentals of trading and trading rules and regulations. These are the basic pillars of financing that can be used in any business or company. This makes it an ideal choice for candidates who want to know more about the company’s stocks and funds and how to operate on the stock market.
Upon completion of the BFM program, candidates begin to understand the parameters of capital, risk, and capital markets law.
Course duration B.Com Financial market
The Bachelor of Finance is a 3-year program, symmetrically divided into 6 semesters. Some universities do not follow the semester system and offer regular three-year programs. In addition, candidates can take this course through distance learning or correspondence. The length and format of the exam may vary from institute to institute. Students are free to choose the type of degree they wish to pursue upon completion of this program.
What are the eligibility criteria for the BFM program?
The selection criteria are divided into the following areas: Age requirements, education level, minimum score. Candidates must meet basic admission requirements before enrolling in a BFM course. You must meet all the selection criteria. Let’s see:
Academic Qualification:
- Candidates must have completed basic training at level 10+2 or equivalent at an accredited school.
Minimum grades required:
- Candidates must score at least 50% (45% in case of SC/ ST/ OBC) in the qualifying examination.
- The minimum score varies from institute to institute or from university to university.
Age restrictions:
- There is no specific age limit for admission to the BFM course.
- Some universities of applied sciences or institutes apply a specific age criterion for admission to the relevant programme.
- Age requirements may vary from university to university.
BFMEntrance examination
To be admitted to BFM studies, candidates must pass special entrance tests organized at the university level. There are no national entrance exams for admission to the BFM program. The following universities hold their own entrance exams for admission to UG studies:
- Aligarh Muslim University Entrance Examination
- Mumbai University Admission Test
- Delhi University Art Exam
After passing the entrance examination, the successful candidates are invited for a personal examination or a group discussion test. Finally, at the time of admission, candidates must bring their school certificate, all required documents and a school report.
How do you prepare for the BFM entrance exam?
Before taking part in the entrance examination, candidates must prepare themselves thoroughly. Here are some tips to keep in mind while preparing for the BFM entrance exam:
- You should be in the 12th. If you have a good average in your first year in the relevant area, this will increase your chances of being selected.
- Also, improve your communication skills before taking on the PI.
- Review last year’s questions.
- Improve your general knowledge and speaking skills. These two subjects are often preferred in entrance exams.
- Before you start preparing for the entrance exam, check the entire syllabus and learn the easy topics first.
What are the best institutes/colleges/universities that offer BFM courses?
Several Indian universities offer a B.Com in finance. Some institutes have been specifically recruited to offer a single course related to B.Com. Below is a complete list of the top universities with their tuition fee structure:
- Christ University, Bangalore - 2,12,000 INR
- Jain University, Bangalore - INR 1,15,000
- The College of Commerce and Economics, named after V.V. Plekhanov. Narsi-Monjee, Mumbai - 14,500 Indian rubles
- Symbiosis College of Arts and Commerce, Pune - INR 15,833
- K J Somaiya College of Arts & Commerce, Mumbai - 9,145 INR
- Jai Hind College, Mumbai - 3,742 INR
- N K College of Commerce, Arts and Management Studies, Mumbai - 17 221 INR
- University of Rajasthan, Jaipur - INR 3,453
- G N K College of Arts, Science & Commerce, Mumbai - INR 18 510
- IIS University, Jaipur - INR 37,472
- St. Joseph’s College Devagiri, Calicut - INR 76,000
- Xavier University, Bhubaneswar - 2,33,000 INR
- University of Mumbai, Mumbai - 5,025 INR
- Amity University, Noida - 62,496 million rs.
The colleges listed below are some of the popular institutes that are registered to offer B.Com program in financial market.
Capital markets licensing programme
The B.Com Financial Market curriculum consists of six semesters. It covers a variety of topics related to the financial market, the stock market and equities. Let’s see:
Semester I -
- Main statistics
- Principles of investment
- Microeconomics
- Basic computer skills
- Financial bookkeeping
- Business environment
Semester II.
- Financial system environment
- Statistical applications
- Macroeconomics
- Communication skills
- Foundations of business
- management accounting
Semester III.
- Corporate finance
- Bond markets
- Banks in the financial system
- Exchange - I
- Use of computers for investments
- Organisational behaviour
- Business Ethics
Semester IV.
- Safety Analysis
- Commodity markets
- Corporate finance - II
- Financial Services
- Equity markets II
- Taxes on investments
- Corporate law
Semester V -
- Portfolio management
- Global capital markets
- Regulation of securities markets
- Management of insurance funds
- Derivatives Markets
- Project - I
- Foreign Exchange Markets
Semester VI.
- Risk management
- IT applications in financial services
- Corporate Governance
- Management of investment funds
- Marketing of financial services
- Customer relationship management in the financial sector
- Project - II
Career opportunities for BFM graduates
After successfully completing the BFM course, the graduate can be trained by a qualified professional or work as an accountant. If a student wishes to pursue higher studies in their field, they can enroll in M.Com Financial Market and PhD courses. After completing their higher education, candidates can easily get a wide range of employment opportunities in Indian or international companies. In India, many public and private companies offer jobs to BFM graduates. Some of them are:
- Accounting firms
- Market research
- Budget planning company
- Council
- Company House
- Educational institutions, etc.
In addition to these fields of study, students can also go on to teach and become teachers or professors in their field of study. You can also work for small businesses or organizations and manage their financial records and documents.
Vacancies for BFM graduates
Here you will find some vacancies for BFM graduates:
- Insurance Manager - The insurance manager is responsible for managing the operations of an insurance company. These professionals can handle problems related to finances.
- Risk Manager - The risk manager is entitled to the strategies for risk management agreements. They are part of any business or organization to identify their losses that may occur in the future.
- Financial Officer - Financial Officers are trained with professional skills that they can use to achieve the goals of the organization, process all files, investigate all losses, keep accounting records, etc.
- Financial Controller - Has the authority to oversee all areas of the financial enterprise, including administration, auditing and corporate accounting.
Salary packages for graduates BFM
After completing the course, a BFM graduate can expect to earn Rs 25,000 to Rs 30,000 per month. Salary conditions may vary from country to country and depend on the position. The base salary for the highest positions is as follows:
- Financial Controller - annual salary of INR 3,974,400.
- Treasurer - 16,50,000 INR Annual salary range
- Financial Officer - Ca. INR 8,00,000 Annual salary scale
- Risk Manager - Ca. INR 9,50,000 Annual salary scale
- Director of Insurance - annual salary of INR 8,00,000.
Summary:
BFM is one of the most coveted professions with many career opportunities worldwide. Candidates with commercial experience have a better understanding in this area. If you get into a reputable university, you will also get a better position in a reputable company. All in all, it’s a good career path.The Business Finance Management (BFM) program is a full time 4 year accredited college degree program that is offered by the University of the Philippines Diliman. It is a 4 year program that requires a total of 16 semesters (96 credits), and a grade point average of 3.75 to be accepted into the program.. Read more about bfm subjects 1st year and let us know what you think.
Frequently Asked Questions
What is the salary of BFM?
The salary of BFM is $1,000.
How many subjects are there in BFM?
There are three subjects in BFM.
What are BFM subjects?
BFM subjects are the subjects that you study in your first year of university. What are the BFM subjects? The BFM subjects are: English, Maths, Biology, Chemistry and Physics.
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