What is BBA in Finance?
Bachelor of Business Administration in Finance, or popularly known as BBA in Finance, is a 3-year undergraduate degree. Several Indian universities and colleges cater the programme to students looking for a career in finance.
Bachelor of Business Administration in Finance primarily deals with educating candidates about various methodologies and processes involved in insurance and investments. After the successful completion of the undergraduate programme, candidates are able to provide accurate forecasts and predictions related to insurance and investments.
A BBA in Finance course provides a sound understanding of various financial components, including corporate finance, financial engineering, international finance and portfolio management. Bachelor of Business Administration in Finance programme educates students in various mechanisms with which domestic and global financial systems operate.
The 3-year programme of Bachelor of Business Administration in Finance is divided into 6 semesters. While first 4 semesters provide the basic managerial and business related education, last 2 semesters focus solely on the finance perspective. Candidates are provided with an in-depth understanding of various concepts covered by the programme by means of practical and project work.
Candidates successfully completing BBA in Finance are able to bag some of the most rewarding job profiles. BBA in Finance graduates can also go for higher studies in Finance or some other specialisation of their choice.
BBA in Finance Skill Sets Required
Candidates aiming for completing BBA in Finance degree successfully should be good at calculations. They are required to provide accurate accounting and cost estimation details. Moreover, financial experts are required to operate in an environment with other departments and teams. Hence, BBA in Finance graduates should have effective communication skills. They are required to provide insightful deductions based on some form of financial analysis and therefore, should be good at deducing important conclusions.
All the important skills required to pursue a BBA in Finance degree successfully are enumerated in the following list:
- Accurate accounting and cost estimation
- Effective communication
- Resource management
- Strategic planning
- Task decomposition and management
- Team management
- Time management
BBA in Finance Job Prospects
BBA in Finance graduates can provide their services to a wide range of niches, other than their own primary field of financial systems. Candidates can find job opportunities in various areas such as budget analysis, investor relations and financial reporting. Various industries and businesses require finance experts to survive the unsparing competition.
Graduates in Finance can explore several career avenues. In addition to the commercial and investment-banking sector, the services of financial experts are required even in the tourism sector. Some of the most opportune job profiles for BBA in Finance graduates are summed up as follows:
The job profile of a financial analyst is ideal for BBA in Finance graduates. Financial analysts are professionals responsible for analysing the financial status of an organisation and recommend appropriate actions to improve or fix the same.
Financial analysts carry out the analysis process of the finances by collecting, monitoring and studying the data. They are responsible for identifying the present financial status of the organisation in terms of their forecasts and predictions.
The financial manager is a premium job opportunity for BBA in Finance candidates. Financial managers are responsible for ensuring the financial health of an organisation. They need to oversee and manage all the financial activities of the organisation to ensure the finance system of the organisation stays strong.
Financial managers are responsible for devising strategies and plans that assist the organisation in meeting its long-term financial goals and aims. Directing investment activities, producing financial reports and making important finance related decisions are a part of the job responsibility of a financial manager.
Business analysts are responsible for carrying out a detailed analysis of an organisation or a specific business domain. Moreover, candidates with BBA in Finance also analyse various business processes and systems involved in the area of analysis. The aim of the laborious analysis process is to assess the business model and its integration with technology for potential updates and improvements.
In the modern scenario, business analysts are also responsible for analysing technology employed by an organisation and provide necessary changes in the architecture, process and model. Business analysts are paid handsomely for their arduous efforts.
BBA in Finance candidates is adept at providing services as a credit analyst. The main task carried out by credit analysts involves collecting and analysing financial data about the organisation or clients. The information gathered includes paying habits, earnings and savings, purchasing activities and available assets.
Upon carrying out the analysis of the data successfully, credit analysts provide necessary advice about a specific course of action. Credit analysts are also responsible for evaluating potential customers for a number of factors, ranging from credit availability and credit line extensions.
Other Career Options
Some of the potential job opportunities for BBA in Finance include assistant controllers, internal auditors, loan counsellors, loan officers, personal financial advisors, financial executives, marketing and sales executive, management analysts, tax assistance, and research analysts.