Realizing Financial Management And Planning At XLRI

By opening up the economy, the global interaction among different business units has increased. The integration of world markets has been done, and along with that, the following risk for the international business community has been enlarged. Any changes in the economic conditions of a major country affect the business in the native nation. Integration of economies has caused to impact all the major economies at the same time. For instance, at the time of global recession the businesses have come down, and many financial institutions had gone bankrupt.


Interest rates have a direct relation to the exchange rates. Any fluctuations in exchange rates cause financial imbalances in the Multinational companies. Under such scenario, it becomes inevitable to fiscal and technological innovations to build sustainable financial risk management systems. The main aim of the corporate financial management system is to augment the shareholder wealth. The core principles of risk management involve Risk Identification, Risk Evaluation, and Risk Control.


The workforce of Risk Management:
At the present time, many educational institutions have realised the importance of imparting education on financial risk management. With the growing demand for the workforce that can handle the increasing need for financial management, some institutions like XLRI (Xavier School of Management) have started with an Executive Development Programme in Advanced Financial Management. The programme is exceptionally made with intent to help the working professionals in the corporate finance domains to decide to complex financial problems in the corporations. To avail the knowledge in this programme, the candidate must have a minimum of 4 years of working experience in the corporate.

 
Learning the Risk Management:
The plan will benefit the interested candidates to learn about the factors affecting the modes of capital management, guiding principles on investment decisions, factors influencing financial performance and risk minimizing techniques. To strategize the financial affairs of a company and to help the business to grow, the course will help the professionals to objectify the challenge solving techniques. With the support of the course, the participants will professionally grow in their career by enriching and enhancing their knowledge base.


Theoretical and Practical Exposure:
XLRI Jamshedpur provides both Theoretical and Practical exposure to the advanced theories of financial management and qualify the students to deliver the best results using the experience of the exposure. The learning involves the studies of corporate response to the exchange rate fluctuations in which the impact of interest rate and inflation on exchange rates will be taught. Also, the learning would be based on how the exchange rate mechanism influences the financial equations of the company; the studies also involve the risk in international businesses in which the exposure to currency risks, money market hedges and borrowing alternatives will be taught. The other main dimensions of financial risk management will also be introduced to the students like International cash management, International Tax Planning and the provisions of the income tax act for the double taxations.


Core Course:
Apart from the executive programmes, XLRI offers two-year full-time Postgraduate Diploma in Management course in Business Management. This management course is extremely distinguished and has been considered as one of the best of its kind in India. The course is designed in such a fashion to develop the following qualities among its students:

1) Awareness of socio-economic environment

2) Analytical, Problem Solving and Decision Making Abilities

3) A personality with socially adaptable attitudes and values


During the whole programme, the students will be acquainted with the following areas so that the students can get to know about the real time scenario of the corporate challenges.

1) General Management

2) Finance

3) Economics

4) Information Systems

5) Marketing

6) Human Resources Management

7) Strategic Management

8) Organizational Behavior

9) Production, Operations, and Decision Sciences.


Highest Paycheck:
The quality of education that this institute provides justifies the XLRI fees structure. The great pay package that the corporate offer to the students of XLRI is beyond imagination. The XLRI Placements scenario of batch 2015-17 is good as always. A student from the college got selected by Nigeria based Tola Ram Group on an annual salary package of Rs 55 lakh. Many big MNCs like JP Morgan Chase, Bank of America, Cushman and Wakefield, Ernst & Young, Goldman Sachs, KPMG and much more hires the best talents from the college at whooping packages.


Business management and financial management has become an indispensable part of the corporate world. No company can realise the real potential for growth without a proper, efficient utilization of the company finances. The time is right for the MBA aspirants to explore this area to build a promising career.

Article Posted By : shreyanshshrivastavalView All Articles

Shreyansh is a writer and blogger who writes Education related content. He believes that educational reformation is inevitable for Human Development and growth.

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