Money management is among the promising career options in India. Education through various courses offered helps aspirants to develop themselves as efficient money managers.

Careers in Money Management

Money management, also referred to as investment management, is one of the most difficult jobs in the present scenario. The task involves supervising the proper utilization of hard earned money of the clients. In simpler term, it means control over the inflow and out flow of the money with reference to any business or personal transactions. The process includes budgeting, banking, taxes study of risk involved, and analyzing costs and income. Money management also includes managing mutual funds, assets, private consulting for individual clients, and pension funds for companies, retirement planning and estate planning for individuals.

A money manager has to take decision regarding investment in such a manner that maximizes profit for his/her clients. A good money manager should be a reservoir of knowledge about the market trends. He/she should be a visionary with analytical skills and should be able to make decisions by thinking logically, after having a thorough study of the market. Success comes to those, who are aware of global trends and have done a thorough research work. With the increasing demand for efficient money managers, the scope of a career in this field is also increasing. To serve the purpose, many B-schools in India have come up with special courses for money management.

Course Details
The courses in money management, conducted by management colleges in India, generally impart training and education regarding balancing of finances and learning to save and invest money. It provides detailed knowledge to plan the proper utilization of funds. They teach to maintain a balance in the flow of investment for various needs like housing, transportation, food etc. Even at times, money is invested in such a plan that does not fetch instant results, but are rewarding in long term basis. Many institutions are currently offering programs in money management at graduation as well as at post graduation levels.

Career Prospects
After pursuing course in money management, one can work with reputed firms as Portfolio Manager, Investment Advisory, Mutual Fund Analyst, Hedge Fund Principal/Trader or work in the field of portfolio management marketing. Every business organization, whether big or small, is always in need of good money managers who can bring good return of their money. In the current scenario, money management is among the most promising career options in India.

Top Colleges Offering UG/PG/Other Courses
National Institute of Securities Market (NISM), a public trust initiated by Securities & Exchange Board of India (SEBI), has started a new program, which imparts training in money management. Apart from this, institutes that conduct MBA program in money management also offer a thorough knowledge in this field. Some of the popular institutes offering investment banking are The Narsee Monjee Institute of Management Studies (Mumbai), ICFAI University (Hyderabad), The Institute of Company Secretaries of India (New Delhi) and The Orion Institute of Capital Market (New Delhi).

Money management is quiet interesting and a lucrative career option as well. Remuneration depends on the size and nature of the organization. A beginner can expect a salary between Rs 15000-Rs20000. Experience can result in an increase in the remuneration.

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