If you are a student of commerce who is interested in the intricacies of finance and Financial Management then you might be interested in a course like BFM, i.e. Bachelor of Financial Markets. It is important to know what stream or discipline you want to specialize in before you opt for a degree in higher education, courses like BFM requires you to be aware of what the course entails and what possible career opportunities can be achieved from them. Here is a blog that brings you all the essentials of a BFM course, the universities you can pursue it from as well as the career scope it entails!
Check Out: Stock Market Courses
This Blog Includes:
What is BFM Course?
Bachelor of Financial Markets (BFM) is a three-year undergraduate degree that specialises in the nuances of financial markets and covers various related fields like economics, financial risks, investments, etc. It also involves the practical fields of study like organizing, planning and managing capital resources. If you are interested in the intricacies of how the market functions and want to build a career around it then BFM is a course that might interest you.
Must Read: Short Term Courses in Finance
In order to apply for a BFM course, you need to fulfil certain prerequisites which might vary as per the university as well as the program variant. Take a look at some of the major eligibility requirements you must know about before opting for this course:
- Candidates must have completed 10+2 examination from a recognised board of education with minimum marks specified by the university.
- Some Indian universities such as Mumbai University might also require applicants to clear an entrance exam (MUET).
- To study the BFM course abroad, the applicant must provide English language proficiency scores such as IELTS, TOEFL, PTE, etc.
- Lucrative SOP and LORs are also recommended to add to your application.
BFM Course: Syllabus & Subjects Covered
This course has been introduced to a few universities recently. The course analyzes the financial markets and researches on the trending market forces and basics of trading in order to better the market growth and resource management. This course requires both practical and theoretical analysis of the market. Here are a few key components of this course which will help you get a deeper understanding of how the course functions:
- Principles of Investment
- Micro Economics
- Macro Economics
- Debt Markets
- Equity Markets
- Organizational Behaviour
- Security Analysis
- Taxation for Investments
- Risk Management
- Wealth Management
List of Subjects Covered in BFM
If you are planning to earn a degree in this field then these are the subjects that you will be taught throughout the duration of your degree:
- Business Ethics and Laws: Business ethics is the study of professional ethics and codes of conduct that are a part of a business environment. One examines these ethics and looks at the application as well as the proper usage of these ethics in order to create an ethical business environment. Business law is the body that governs rules and regulations related to any financial or business transaction.
- Corporate Finance: This field aims to study the financial transactions and capital investments made by firms in order to increase the value of the firm in the market. This field also analyses various actions taken to increase the value of the firm and maximize shareholder value.
- Equity Markets: Equity markets are concerned with the aggregation of the selling and buying of stocks. This field deals with the stock exchange market and the processes and transactions that take place in it.
- Global Capital Markets: Global capital markets refer to the international platforms where the financial transaction takes place, this is an important area of study because of the interlinkage of current market investments taking place at a global level.
- Financial Systems: Financial systems include the exchange of money, credit, and finance. This is one of the foundational fields of this course and explores the basics of any financial transaction which may include banks, markets, and other financial services.
- Financial Risk Management: Financial Risk Management (FRM) is the practice of managing the assets of a firm in order to prevent exposure to any financial risk.
Recommended Read: MBA in Finance
Top Universities Offering BFM Course & Variants
There are numerous academic institutions that offer bachelor’s degrees in Financial Markets and its related fields. The following table elucidates some of the prominent universities offering BFM course and its variants:
|Maryville University||BSc in Financial Services|
|ISM University of Management and |
|BSc in Finance|
|Business, Law and Social Sciences College, |
University of Derby
|BA in International Finance and Business|
|Ajman University||BSc in Finance|
|University of Trieste||BBA in International Economics and Financial Markets|
|Fun Shah University||BSc in Commerce and Financial Marketing|
|Rockhurst University||Bachelor in Financial Markets and Economic Analysis|
|University of Detroit Mercy||BA in Financial Economics|
Other than these, BFM courses is majorly offered by colleges under Mumbai Universities as well as some other colleges spread across the country which are as follows:
- S.N. Sinha Institute of Business and Management, Ranchi
- SMT. MMK College of Commerce and Economics, Mumbai
- M.K. Sanghvi College of Commerce and Economics, Mumbai
- Mithibai College of Arts, Chauhan Institute of Science Amrutben Jivanlal College and Economics, Mumbai
The scope of this course is broad when it comes to the job as well as career prospects. The corporate sector has a lot of job opportunities for people who pursue a degree in BFM. Here is a list of job prospects that you might want to apply for after completing this degree:
- Chartered Accountant
- Financial Analyst
- Financial Risk Manager
- Company Secretary
- Financial Manager
- Financial Consultant
- Research Analyst
Must Read: Master of Finance
Bachelor of Financial Markets is a 3-year undergraduate programme that imparts students with the fundamentals of financial markets, stock markets, trading, stock exchanges as well as provides them with the knowledge of finance, economics, investments, risk management, etc.
BFM graduates can explore a diverse range of career opportunities in the Finance and Investment industry. Though the actual salary package can vary according to the role and organisation, the average starting salary package yearly can 4 Lakh to 6 Lakh.
Completing BFM, students can either discover career prospects or go for a master’s degree which is a popular option as there are several postgraduate courses for BFM graduates like MBA in Finance, Financial Risk Management (FRM), Chartered Accountant, Banking courses, amongst others.
BFM course covers key essentials of the operational and functional nature of financial markets, stock trading and exchanges, debt markets, equity markets, corporate finance, microeconomics, macroeconomics, risk management, etc.
This job requires both practical and theoretical knowledge of the financial market. This course will land you many good job offers at a number of international firms but choosing the desired college and course can be confusing. It might be tricky to choose the best college and course for yourself but with the assistance of the counsellors at Leverage Edu, you can undertake the psychometric and brainstorming sessions that will help you come to an informed decision about your career.