The Bachelor of Science in Business Administration major in Financial Management is a four-year college course recommended for people who plan to make a career in Banking and Finance Industry. The program aims to help students acquire analytical skills, perception, and competencies necessary for sound financial decision making in the business world.
In comparison with BS in Business Administration which deals with the fundamental concepts of operating and managing a business, BSBA in Finance Management focuses on financial analysis, economics, investment strategies, management systems, banking and commercial planning.
The curriculum of BSBA in Finance Management includes CHED-mandated general subjects, with an emphasis on Money, Credit and Banking, Business and Finance, Taxation and Public Finance, Principles of Banking and Corporation Finance, Principles of Investments, Financial Policy and Central Banking. These classroom theories are later exercise during internship and on-the-job training.
Is Financial Management a profession?
No, Financial Management is not considered as a profession and it does not require licensing. Although practice in this field does not require unique knowledge, graduates of BSBA in Finance Management are qualified for a career in the field of Finance and Banking.
What are the admission requirements for BSBA-FM?
Requirements at each school may differ, but these are the common requirements:
What skills will help you succeed in this course?
How difficult is this course?
The BSBA in Financial Management course is quite difficult as it require a lot of calculation and analytical thinking. A person who loves numbers, logic and problem solving will surely enjoy this course. During Practicum or on-the-job training, students sometime feel added anxiety as they apply their novice theoretical know-how into practice at an actual finance department.
How long does it take to complete BSBA in Financial Management in the Philippines?
Normally, the BSBA-FM program takes 4 years to complete. Some schools use the trimester system and complete the program in a shorter time.
On the Job training / Internship
On the last year of the BSBA in Financial Management program, students will undergo 240 to 300 hours of hands-on, experiential Practicum training to help them develop the necessary competencies and skills needed in this particular field. On-the-job training will be spent in financial institutions, such as banks, stock exchange offices, securities brokerage firms; or at the finance department of a carefully selected private company or government agency.
Is there a board examination for BSBA-FM?
There is no board examination for BSBA in Financial Management graduates.
However, if you want to work in the government sector, you have to take and pass the Civil Service Examination to qualify for civil service eligibility necessary for admission to government service, such as in the Philippine Public Financial Management Office.
Career opportunities for BSBA-FM graduates