Finance is the study of fund management and all forms monetary transactions that happen between organisations or people. Areas of finance include public finance, personal finance and business finance. Finance management is the backbone of any company whether it is a corporate business house or some small financial institutions. Proper financial management safeguards the wealth of an organization and ensures that the business gets sufficient returns on investment.
Financial Managers are also known as a Personal Financial Advisors, Financial Planners or Financial Consultants. Financial management offers a number of career options to students ranging from financial planning to sales.
Few Courses offered under this field: –
Diploma in Finance Management
Bachelor of Business Administration in Finance
Master of Business Administration in Finance
Executive Master of Business Administration in Finance
Master of Business Administration in Finance and Banking
Master of Business Administration in Financial Management
Master of Business Administration in Financial Administration
Post Graduate Diploma in Management in Business Finance
Post Graduate Diploma in Management in Finance Management
Post Graduate Diploma in Management in Financial Management
Post Graduate Diploma in Management in Financial Services Management
For admission into a bachelors degree, the candidate must have passed the higher secondary education or 10+2 examination with commerce subjects such as accounts, maths and economics. The duration for this program is of 3 years.
For admission into a masters degree a must have a bachelor’s degree with commerce subjects such as accounts, maths and economics. The duration for this program is of 2 years.
Some of its specialized fields are: –
Real Estate Finance
Strategic Cost Management
Management of Financial Services
There are lots of career opportunities in this field. It is one of the top career options for students in India. A student after completing his/her course in finance can initially join as a trainee or as a finance manager. A finance manager can also seek employment in various sectors such as in government and private sectors, public accounting firms, markets research, budget planning, corporations and consultancies.
Professionals in this career can also opt for teaching jobs in universities and colleges. Graduate professionals can work as freelancers in this field. They can work separately by taking assignments from small venture for maintaining their accounts on daily or weekly basis.
What High Risk Merchant Accounts Are For
The concept behind high risk merchant accounts or credit card processing agreement has been made to suit the needs of businesses that are considered high risk when operating the in the market and those which have been regarded as such. These businesses are required to pay higher costs when it comes to delivering their merchant services, which can add to the total expenses of their businesses that are related to return of investment and profits, especially also for businesses that have been re-categorized as high risk industries and those which are not ready to deal with the costs of operating as high risk merchants. These situations are involving business who enact measures and stimulus to be able to keep partners in the business at bay, no matter how high risk merchants they are, through packages of higher chances of getting tied up through lower reserve rates, faster payouts and competitive pricing.
These businesses in the industries today have been tagged high risk because of the line of their business, and the method by which they work, as well as other factors and considerations. There are resources that specify these kinds of businesses that make use of high risk merchant accounts or payment processing, such as online based businesses that range from online gambling and travel agencies and offline firms such as collections industries, car rentals, legal service and more, as well as adult oriented business operations. Because they are considered high risk and work under circumstances different from other companies, there is a need for these companies to start their high risk merchant accounts or payment processing so they can still operate legitimately because banks and financial firms are willing to change up their payment schedules because of their nature than the rest of the businesses in the market.
High risk merchant accounts are bank accounts but functions more as a credit card payment scheme that can allow the business owner and the company to receive payments from cards such as debit and credit, as customers will prefer. The banking firms are categorized according to their functions, because the firm that is responsible for handling the accounts of these businesses is called the acquiring bank and the firm responsible for providing customers with cards are called issuing bank. One other factor that these payment processing has is the gateway channel, which refers to the medium when transferring the transaction updates from the customer to the merchant.
These banks that have given these businesses with the account can also be in charge of high risk merchant accounts or credit card processing during special processes or routing the finances to the bank.