The Bachelor of Business Administration (BBA) degree prepares students for career opportunities and helps them in understanding the real business world. Successful completion of BBA requirements ensures that graduates understand the importance of relationships among marketing, quantitative theory, accountancy, economic principles and financial, human and organizational management.
The Bachelor of Business Administration degree gives students an opportunity to specialize in respective fields by pursuing concentrations and minors, or to choose an individualized set of general BBA electives.
Admission Criteria and Duration for BBA
The admission criterion for Bachelor of Business Administration is (10+2) in any stream and the duration of BBA course is of three years.
The aim of BBA program is to develop a student’s intellectual ability, executive personality and managerial skills through blending of business and general education.
The BBA course helps the student in understanding and developing the unique leadership qualities required for successfully managing business functions or an organizational unit.
Financial management is the activity that is responsible for planning and controlling of the firm’s financial resources. In reality, it is the planning, directing, monitoring, organizing, and controlling of the monetary resources of an organization. Financial sector has become stronger in terms of capital and the number of customers in India.
Responsibility of an MBA in Financial Management
An MBA degree in Financial Management helps the manager understand the financial problems and find the right solutions to these problems, by making a complete analysis of it. So MBA in this field makes the tough battle ahead in the field of Financial Management incredible.
Benefits of efficient financial management in the organization
In financial management, financial problems are analyzed and considered. Study of the trends of actual figures is tested and ratio analysis is done. All management decisions on funding are made after considering the report prepared by the finance manager. Financial management is the basis for management decisions.
Greater the business risk, greater is the expectation of benefits. Financial management maintains the balance between risk and profitability. There is always coordination between the various treaties of the company. Financial management is mainly centralized in nature. Other activities may be decentralized but only one department for financial management.
There are two main aspects of Financial management, namely the acquisition of funds and effective use of these funds. In the acquisition of funds, you can see here that the funds may come from different sources and the funds from different sources have different characteristics in terms of cost, risk and financial management control-speak.
How does MBA in Financial Management help in career growth?
MBA Finance increases employment opportunities, help in changing careers or better qualifies one for a career opportunity or support to start their own business. Finance MBA teach a student in accounting, economics, banking, market structure etc. that are vital to any business.