Finance Courses Offered At SSEI – A Detailed Guide
Finance training is one of the most important parts of success in the business world. Everything from accounting and finance to entrepreneurship and angel investing is now open to those with the knowledge, skills, and motivation to take them if you want to gain an unfair advantage over other businesses and individuals, then finance courses are a must-have. If you are wondering about which Finance course will give you the best return on investment in 2023, then look no further than Finance Courses at SSEI. In this article, we have provided overall information about finance including career prospects and finance courses from SSEI.
What is Finance?
Finance is the process of channeling money in such a way as to maximize returns.
In simple terms, it is a technique of managing money.
It includes-
- Investing
- Renting
- Saving
- Lending
- Budgeting
- Forecasting
- Borrowing etc.
Types of Finance
Finance is mainly divided into three segments.
Personal Finance
It is specifically related to the individuals and the strategies depend on the individual earning potential.
It is managing and allocating the money or funds of an individual to achieve the desired goal in terms of saving and investment.
Personal Finance involves investment in education, assets such as real estate, health expenses, and so on.
- Protection against unforeseen and uncertain personal events.
- Preparing for long-term expenses or purchases involving a huge amount.
- Paying for a loan or debt obligations.
- Investment and wealth accumulation goals.
- Preparing for retirement etc.
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Corporate Finance
It is about funding the company’s expenses and building the capital structure of the company.
It deals with the source of funds and how to use them, such as allocating money for resources and enhancing the company’s financial standing to increase value.
- Investing in and buying shares or other assets.
- Capital budgeting
- Identifying the source of funding
- Equity, debt or creditors, etc.
Determining the utility of unappropriated profits for future investment, operation utilization of distribution within the shareholders.
Public Finance
It is related to the allocation of funds and money by the government to different areas.
It is the study of the financial aspects of government organizations. It discusses how government spending and revenues affect the overall state of the economy.
The distribution of income and resource allocation are both aspects of public finance. The main sources of funding are taxes and bank or insurance company loans.
- Determining the expenses that the public entity requires.
- The public entity’s revenue sources.
- Figuring out budgeting procedure and the funding source.
- Issuing debts for public projects.
- Tax management.
Feature of Finance
- Finance help in the control process of planning funds.
- It helps in economic activities.
- It helps in economic development.
- It is the means of formulation of policies and decision-making.
- It helps to determine, the dividend, depreciation, and reserve capital of the business.
- It is related to production, exchange, and distribution.
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Importance of Finance
- Importance for business experts
- For financial institution
- Economic development
- Importance for government
- Importance for employers
- Promote trade and industry
- Importance for investors.
Sources of Finance
Long-Term Sources of Finance
Long-term sources of finance are used for meeting the long-term (more than 10 years) financial requirements of the business.
It can be divided into 2 parts:
Owned Capital
It is the capital provided by the owner of the business.
That Includes,
- Equity Shares
- Preference Shares
- Retained Earnings
Borrowed Capital
It is the capital provided by the lenders of the business.
That includes,
- Loans
- Debentures
- Leasing
Medium-Term Sources of Finance
It is used for meeting the medium-term (3 to 10 years) financial requirements of the business.
That includes,
- Medium-term loans from commercial banks
- Public deposit
Short-Term Sources of Finance
It is used for meeting the short-term (1 to 3 years) financial requirements of the business.
That includes,
- Short-term loans from commercial banks
- Advance from customers
- Accrued expenses
- Commercial papers
- Trade-credit
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What is Business Finance?
Capital and Credit funds that are invested in a firm are referred to as business finance.
It can be defined as planning, raising, managing, and controlling all the money used or capital funds of any kind used in connection with the business.
Why do Businesses Need Finance?
Finance is needed while launching a firm in order to buy fixed assets as well as to cover ongoing costs.
- To fulfill the need for working capital throughout an extended production process.
- To finance the growth and expansion project of the company.
Starting Up a Business
For the business to purchase all of these things they will need to have some startup capital.
- Fixed Assets
- Premises
- Machinery/ Equipment
- Furniture
- Current Assets
- Stock for Material/Ingredient
- Products to sell
Expanding and Existing Business
When a business becomes successful it may decide to expand to increase profits.
It may need to purchase additional fixed and current assets to do this.
It may decide to develop new products and it will require finance for the research and development of this product.
A Business in Difficulties
When a business suffers difficulties in trading, it may need an injection of finance to purchase new machinery or for it to cover some short-term expenses.
Although it is usually very difficult for businesses suffering losses to raise external finance.
Businesses need finance to be able to spend on:
- Capital Expenditure:
Money spent on fixed assets that will last more than one year. These fixed assets are needed at the start of a business and as it expands.
- Revenue Expenditure:
Amounts spent on ongoing costs like salary and rent that don’t include buying a long-term asset.
Benefits of Adequate Finance
- The company can meet its liability on time.
- The company can adopt the latest technology and innovative method of production.
- The company can make use of its business opportunities.
- The company can face competition more strongly.
- The company can replace its assets and machinery whenever necessary.
- The company can face a recession and depression period of the trade cycle.
Popular Finance Careers in Demand and Salary
The finance field has historically seen significant growth. To pursue a career in finance, one must earn a degree in the field, such as B.com. CPA or MBA in Finance. After that, you can go for a career in any of the different areas of finance such as equity analysis, investment banking, asset management, risk management, corporate finance, etc. and people with specialized knowledge and a particular skill set are needed to fill positions in all these areas.
But making a career choice in finance has become considerably more challenging due to the tendency of continued emphasis on knowledge in particular functional areas of finance.
Here we have given a general overview of some of the most common financial job categories and salaries.
| Job Profiles | Job Description | Annual Average Salary (INR) |
| Budget Analyst | Also known as Cost Analyst. They examine the company’s budget and find strategies to increase or maintain its efficiency. They also assist with record keeping and determine if money needs to be distributed differently. | Rs.5.8 Lakh |
| Chief Financial Officer | They are the Top ranked people in the company’s finance role. Their primary responsibilities include managing the accounting staff and all financial operations inside the organization as well as serving as an advisor to other C-suite executives. | Rs.46 Lakh |
| Corporate Finance | They are in charge of discovering and securing privatization, merger, and acquisition agreements, as well as managing and investing significant sums of money and purchasing and selling financial goods on behalf of their customer. | Rs.9.7 Lakh |
| Credit Analyst | They evaluate risk variables and have an impact on credit grant applications and approvals. They also examine the client’s credit, prior savings, earnings, assets, and other liabilities. | Rs.5 Lakh |
| Equity Research Analyst | They examine stocks to assist portfolio managers in making a wiser investment decisions. To analyze and forecast a particular security’s behavioral perspective, they use a variety of tools, problem-solving techniques, and data interpretation. | Rs.6 Lakh |
| Finance Professors | There’s a need for instructors and professors who are well-informed in the subject matter and have a passion for research for the progress of business and finance undergraduate, postgraduate, and Ph.D. courses. | Rs.11 Lakh |
| Financial Advisor | They assist their client in comprehending the tools and services offered to manage and maximize their finance. Depending upon the client’s financial status and aspirants, advisors also offer advice on decision-making. | Rs.2.8 Lakh |
| Financial Analyst | They analyze financial reports and project the company’s future financial performance. Additionally, they assist in the creation of reports to help the company stay on track with its strategy based on market circumstances and compare current financial problems to the initial goals. | Rs.4.5 Lakh |
| Financial Modeling Analyst | They use financial modeling techniques to generate valuation numbers to give financial advice in various industries such as equity research, investment banking, financial planning, corporate finance, etc. | Rs.4.8 Lakh |
| Financial Planner Analyst | They prepare financial plans, advise clients on current financial issues, and help them in decision-making. | Rs.3.5 Lakh |
| Financial Risk Manager | Involves identifying asset hazards, assessing business risk, and providing solutions to business risk. They are also in charge of designing methods to mitigate the consequences of an unpredictable market on firms and their finances. | Rs.9.9 Lakh |
| Investment Banker | Their primary goal is to help their customer raise funds by selling equities and issuing debt. They also develop financial models to forecast financial performance and help with mergers and acquisitions (M&A). | Rs.4.1 Lakh |
| Portfolio Manager | They find the best investment possibilities and keep a profitable investment portfolio by working with clients. Also manages to invest advice and explain to their client how to market and economic movements may affect their client’s investments. | Rs.7 Lakh |
| Project Finance | It involves long-term control and management of infrastructure and industrial projects from a financial standpoint, which includes financial decisions regarding raising funds, negotiating contrast with vendors and generating finance, etc. | Rs.6 Lakh |
| Venture Capitalist (VC) | They mostly invest in startups in exchange for a percentage of the company’s income. And assist the enterprise in different ways, including capital investment, analytical skills, money management, and investment closure. | Rs.6.5 Lakh |
About SSEI
One of the best educational institutions in India, Sanjay Saraf Educational Institute (SSEI), provides excellent instruction in the area of Finance.
Sanjay Saraf sir promoted SSEI headquarters in Kolkata in 2009.
They have 130+ franchises across the country, with multiple qualifications in finance, teaching experience spanning 20 years, and focus on concepts rather than rote learning.
Known as, Finance Guru, Sanjay Saraf Sir uniquely provides the most in-depth training in Finance Courses at SSEI
Finance Courses at SSEI
Here we have listed the top finance courses at SSEI with the details.
Finance Courses at SSEI: Chartered Financial Analyst
About: One of the most popular qualifications for investment professionals is the Chartered Financial Analyst (CFA).
The CFA path is very fascinating, it puts your dedication, diligence, and determination to succeed to the test in addition to your subject matter expertise.
CFA program is best characterized Finance Courses at SSEI as a distance learning and self-study that promotes the highest ethical and professional standards while taking a generalist approach to investment analysis, valuation, and portfolio management.
The CFA has three exams CFA Level 1, CFA Level 2, and CFA Level 3. You have to pass each of these tests and fulfill specific job criteria set out by the CFA institute to become a Chartered Financial Analyst (CFA) candidate.
| Course Name: | CFA L1 | CFA L2 | CFA L3 |
| A Number of the Lectures: | 270 | 200 | 120 |
| Duration of the Course: | 520 Hours | 350 Hours | 220 Hours |
| Skill Level: | Beginner | Intermediate | Advanced |
| Language: | English | English | English |
| Exam Dates: | February May August November | June | June |
| Passing Rates: | 36% | 48% | 52% |
| Pricing: | Rs.26,100 to Rs.31,100 | Rs.30,000 to Rs.45,600 | Rs.25,000 to Rs.45,600 |
| Co-requisite: | – | – | Upon successful completion, The candidate is required to have at least 4 years of experience in investment management |
Topic Areas:
- Ethical and Professional Standards
- Quantitative Methods
- Economics
- Financial Reporting and Analysis
- Corporate Finance
- Equity Investment
- Fixed Income
- Derivatives
- Alternative Investment
- Portfolio Management and Wealth Planning
Finance Courses at SSEI: Financial Risk Management
About:
The improper management of feasible market and credit risks resulted in a significant increase in the need for qualified risk professionals who could describe a firm’s risks precisely and concisely.
SSEI’s Financial Risk Management (FRM) designation is a professional certification offered by the Global Association of Risk Professionals (GARP).
Candidates must fulfill two important criteria to receive the FRM designation:
Complete two separate FRM tests Part 1 and Part 2 with a passing score, as well as a minimum of two years of full-time experience in the field of financial risk or similar field.
Working in industries including, portfolio management, market research, faculty academics, trading, and risk consultancy are all possible applications for the experience.
| Course Name: | FRM EXAM PART 1 | FRM EXAM PART2 |
| A Number of the Lectures: | 150 | 120 |
| Duration of the Course: | 330 Hours | 250 Hours |
| Skill Level: | Intermediate | Advanced |
| Language: | English, Hindi | English, Hindi |
| Exam Dates: | May and November | May and November |
| Pricing: | Rs.30,000 to Rs.35,100 | Rs.30,000 to Rs.42,600 |
| Topic Area: | Foundation of Risk Management Quantitative Analysis Financial Markets and Products Valuation and Risk Models | Market Risk Measurement and Management Credit Risk Measurement and Management Operational and Integrated Risk Management Risk Management in Investment Management Current Issues in Financial Markets |
Finance Courses at SSEI: Chartered Accountancy
To maintain their competitiveness in the accounting industry, the Chartered Accountant’s Institute mandate that member completes a minimum amount of continuing professional development. They provide advisory services, technical helplines, and technical libraries, they support their members. And give them chances for business and career growth, as well as professional networking.
The CA foundation entrance test replaced the CPT as the prerequisite.
Graduates, Postgraduates, and students with comparable degrees can apply for a CA intermediate without taking the entrance test.
Students who pass the CA intermediate or IPCC in both groups and complete three years of article ship are eligible to take the CA final.
Only those who pass the CA final are eligible for CA membership.
Finance Courses at SSEI: CA Foundation
About: The new pre-requisite for India’s Chartered Accountancy program is called the CA Foundation. Previously known as the common proficiency test.
After taking the 12th board exams and passing them, the applicant can register for the CA foundation.
Graduates, Post Graduates, and Students with Equivalent degrees are exempt from the CA foundation entrance test.
You can apply for direct admission to the CA intermediate if you graduated in commerce with 55% and from another major with 60%.
| Course Name: | CA Foundation | |
| Skill Level: | Entrance Level | |
| Total Marks: | 400 | |
| Passing Rates: | 40% | |
| Language: | English | |
| Exam Dates: | May and November | |
| Subjects: | Paper 1: | Principles and Practice of Accounting |
| Paper 2: | Business Laws and Business Correspondence and Reporting | |
| Paper 3: | Business Mathematics and Logical Reasoning & Statistic | |
| Paper 4: | Business Economics & Commercial Knowledge | |
Finance Courses at SSEI: CA Intermediate
About: After passing the common proficiency test or the CA foundation, students are qualified to register for the CA Intermediate.
Also without taking the entrance exam, graduates, post-graduates, and students with comparable degrees can enroll straight for the CA Intermediate.
A student will be excluded from taking that subject in the next three attempts, if they receive 60% or more in it.
After passing one or both groups of subjective paper, a student can begin a three-year article ship training program under a licensed Chartered Accountant.
| Course Name: | CA Intermediate | |
| Skill Level: | Second Level | |
| Total Marks: | 800 | |
| Passing Rates: | 50% | |
| Language: | English | |
| Exam Dates: | May and November | |
| Subjects: | Group 1 Paper 1: Accounting Paper 2: Corporate and Other Laws Paper 3: Cost and Management Accounting Paper 4: Taxation | Group 2 Paper 5: Advanced Accounting Paper 6: Auditing and Assurance Paper 7:Enteprise Information Systems and Strategic Management Paper 8: Financial Management and Economics for Finance |
Finance Courses at SSEI: CA Final
About: Students who pass the CA intermediate or IPCC in both groups and complete three years of article ship are eligible to take the CA final.
A student will be excluded from taking that subject in the next three retakes if they receive 60% or more in the CA final exam.
After passing both groups, a student is deemed qualified CA.
| Course Name: | CA Final | ||
| Skill Level: | Third/Final Level | ||
| Total Marks: | 800 | ||
| Passing Rates: | 50% | ||
| Language: | English | ||
| Exam Dates: | May and November | ||
| Subjects: | Group 1 Paper 1: Financial Reporting (FR) Paper 2: Strategic Financial Management (SFM) Paper 3: Advanced Auditing and Professional Ethics Paper 4: Corporate and Economics Laws | Group 2 Paper 5: Strategic Cost Management and Performance Evaluation Paper 6: Direct Tax Laws and International Taxation Paper 7: Indirect Tax Laws | Elective Papers: Paper A: Risk Management Paper B: Financial Services and Capital Markets Paper C: International Taxation Paper D: Economic Laws Paper E: Global Financial Reporting Standards Paper F: Multidisciplinary Case Study |
Finance Courses at SSEI: Frequently Asked Questions:
Q. Is Finance a Good Career?
Jobs in the finance industry may be extremely profitable, which is why they are in so much demand. A degree and certification in finance can offer a relatively high salary, stability, and promotion prospects that can help you build your successful career in finance.
Q. Is it hard to study finance?
Finance is challenging, it is certainly more difficult than liberal arts majors like history and philosophy, but not as difficult as STEM degrees such as science, technology, engineering, and mathematics.
Q. What are the four career pathways in Finance?
Banking and allied services, financial and investment planning, business financial management, and insurance services are the four job paths in Finance.
Finance Courses at SSEI: Conclusion
Before deciding to pursue any financial certifications, such as CFA, FRM, PRM, etc. It would be advisable to create a career strategy.
Finance Courses at SSEI can be selected to acquire or improve a specific skill set for a specialized function to establish a successful career in finance. It is always advisable to plan and train for a more specialized job role that might result in more career advancement. I hope Finance Courses at SSEI helps you to achieve that career goal.
But to properly match one’s skill set, areas of professional interest, and career aspirants the decision should be founded on balancing valuable aspects.
