Bachelor of Financial Markets (BFM)- Scope, Fees, Eligibility, Jobs and Salary

Edited By Sofiya | Updated on March 6, 2024
  • Duration
    3 Years

What is Bachelor of Financial Markets (BFM)

The Bachelor of Financial Markets (BFM) is a prominent undergraduate degree programme in India. This specialised degree teaches students about financial markets, tools, and investment techniques. The duration of this course is three years, divided into six semesters. The BFM curriculum includes financial accounting, economics, financial management, investment analysis, security analysis, financial derivatives, risk management, and financial modelling. The programme seeks to develop the students' essential analytical, quantitative, and communication skills for a successful career in the financial markets. Insurance companies, banks, trading firms, mutual funds, and other financial entities hire graduates of this programme.

Bachelor of Financial Markets (BFM) Admission Criteria

In India, application requirements for Bachelor of Financial Markets (BFM) programmes vary by university or institution. But most colleges and universities have a similar process for letting students in, which includes the steps below:

  • Educational Qualification: Candidates must have completed their 10+2 education from a recognized board with math, economics, and business studies, as mandatory subjects.
  • Minimum Marks: The minimum marks required in 10+2 to be eligible for admission into BFM program is 50% for general category students and 45% for SC/ST/OBC candidates.
  • Age Limit: There is no specific age limit to apply for admission into Bachelor of Financial Markets (BFM). However, candidates must fulfill the age criteria as specified by the respective universities or colleges.
  • Entrance Exams: Some universities or colleges may conduct an entrance exam for admission into the BFM Bachelor of Financial Markets (BFM). Some of the common entrance exams are university-level entrance exams and state-level entrance exams.
  • Merit-Based: Some universities or colleges may offer admission based on merit as well. In such cases, the admission is offered based on the candidate’s performance in 10+2.

Bachelor of Financial Markets (BFM) Eligibility

  • Educational Qualifications: Candidates must have completed their higher secondary education (10+2) from a recognised board or institution with a minimum aggregate score of 50% or an equivalent grade in any discipline. Some colleges may also require candidates to have studied mathematics, business studies, or economics at the 10+2 level.
  • Age Limit: Some universities may require candidates to have completed 17 years of age on or before December 31 of the year of admission.
  • Entrance Exams: Some colleges may require candidates to appear for an entrance exam to be eligible for admission. These exams may test the candidate’s aptitude, reasoning, language skills, and general knowledge. Some popular entrance exams for BFM in India include IPMAT, SET, NPAT, and DU JAT.

Bachelor of Financial Markets (BFM) Entrance Exams

In India, some colleges offering BFM programmes may not require students to take an entrance exam for admission. Typically, these colleges select students based on their academic performance on qualifying examinations, such as the 10+2 or equivalent. However, many reputable colleges may still require applicants to complete an entrance exam. The main objective of these entrance exams is to assess a candidate's problem-solving, aptitude, critical reasoning, and communication/ language skills. Here is the list of entrance exams conducted by some colleges and universities:

National Level Entrance Exams

AIMA UGAT (All India Management Association Undergraduate Aptitude Test).
State Level Entrance Exams

SET (Symbiosis Entrance Test), NMIMS NPAT (NMIMS Programs After Twelfth), MH CET (Maharashtra Common Entrance Test), KCET (Karnataka Common Entrance Test), TS EAMCET (Telangana State Engineering, Agriculture and Medical Common Entrance Test), UPSEE (Uttar Pradesh State Entrance Exam).
University Level Entrance Exams

DUET (Delhi University Entrance Test), JNUEE (Jawaharlal Nehru University Entrance Exam), AIPSEE (All India Political Science Entrance Exam), MUCMET (Mumbai University Common Management Entrance Test), CUET (Christ University Entrance Test), IPU CET (Aligarh Muslim University Entrance Exam), (Indraprastha University Common Entrance Test), BVPCET (Bharati Vidyapeeth Deemed University Common Entrance Test), Amity JEE (Amity Joint Entrance Exam), GGSIPU MAT (Guru Gobind Singh Indraprastha University Management Aptitude Test).

Bachelor of Financial Markets (BFM) Fee Structure

The fee structure for BFM programmes in India can vary considerably depending on the type of institution or university, location, and facilities provided. Government colleges typically charge lower tuition rates than private colleges. Depending on the institution, the total expenses of a BFM programme can range from INR 50,000 to INR 10 lakh for the entire three-year duration.

Courses after Bachelor of Financial Markets (BFM)

Students who have completed a BFM programme in India can choose from a variety of courses to further their education in business administration and acquire specialised skills in their chosen field. Continuing education in this profession can lead to increased employment opportunities and career advancement. The courses available after a BFM are intended to provide students with advanced knowledge and specialised skills in a variety of business domains, including finance, marketing, human resources, operations, etc.... Read More
MBA

MBA in Marketing, MBA in International Business, MBA in Human Resource Management, MBA in Operations Management, MBA in Entrepreneurship, MBA in Information Technology, MBA in Healthcare Management.
MSc

MSc in Finance, MSc in Economics, MSc in Financial Economics, MSc in Investment Banking and Capital Markets, MSc in Risk Management, MSc in Financial Analysis.

Career Opportunities after Bachelor of Financial Markets (BFM)

Bachelor of Financial Markets (BFM) offers up many public and private sector job possibilities. Here are some career opportunities in both government and private sector.

Careers in Public Sector

  • Treasury Managers: Treasury managers oversee cash flow, investments, and financial risk. They collaborate with senior executives on financial strategy and investments. Indian Treasury managers average RS. 12 lakhs per year.
  • Investment Bankers: Investment bankers help corporations and governments raise money by issuing stocks and bonds. They advise on corporate finance, mergers, and other financial operations. Indian investment bankers earn an average of  RS. 20 lakhs to 25 lakhs a year.
  • Financial Analyst: Financial analysts analyse financial data and market trends to assist companies in investing. They advise on financial strategy, modelling, and prediction. India’s average financial analyst salary is RS. 5 lakhs to 10 lakhs per year.
  • Risk Manager: Risk managers examine and manage financial risks to the organisation. They plan and evaluate risk management programmes. India’s average risk manager’s compensation is RS. 8 lakhs annually.
  • Fund Manager: Fund managers manage client portfolios and make investment decisions. They maximise earnings and minimise risk. The typical Indian fund manager earns RS. 18 lakhs per year.
  • Securities Analyst: Securities analysts analyse financial data to advise investors. They monitor investment portfolios and market movements. The average Indian securities analyst earns RS. 5 lakha to 10 lakhs.
  • Credit Analysts: Credit analyst assess loan applicants’ creditworthiness. Financial statements, credit reports, and other financial data establish default risk. India’s average credit analyst salary is RS. 4,70,000 rupees annually.
  • Investment Managers: Investment manages manage client portfolios and make investment decisions. They maximise earnings and minimise risk. A typical Indian investment manager earns RS. 14 lakhs per year.
  • Portfolio Manager: Portfolio managers manage client portfolios and make investment decisions. They maximise earnings and minimise risk. India’s average portfolio manager’s pay is RS. 12 lakhs rupees per year.
  • Financial Planner: Financial planners create budgets, invest, and advise on retirement, insurance, and taxes. India’s typical financial planner earns RS. 5 lakhs rupees.

Careers in Private Sector

  • Investment Bankers: Investment bankers underwrite and sell securities to help firms and governments raise finance. Indian investment bankers earn roughly RS. 10,00,000.
  • Stock Brokers: Stock brokers buy and sell equities for clients. Indian stockbrokers earn roughly RS. 5,000,000.
  • Financial Planners: Financial planners support clients with investment strategy, retirement planning, and risk management. Financial planners in India earn roughly RS. 4,000,000.
  • Credit Analysts: Credit analysts evaluate borrowers’ creditworthiness. Credit analysts in India earn roughly RS. 5,000,000.
  • Portfolio Manager: Portfolio manager manages investment portfolios, makes investment decisions, and manages risk. Portfolio managers in India earn roughly RS. 12,00,000.
  • Risk Manager: Risk managers discovers, analyses, and manages financial risks. Indian risk managers earn roughly RS. 10,00,000.
  • Mutual Fund Managers: Mutual fund manages manage investment portfolios and maximise investor profits. Indian mutual fund managers earn roughly RS. 10,00,000.
  • Equity Research Analyst: Equity research analyst researches equities and advises clients. Equity research analysts in India earn about RS. 7,000,000.

Bachelor of Financial Markets (BFM) Scope, Salary & Employers

Bachelor of Financial Markets (BFM) is a widely known undergraduate programme in India that offers numerous opportunities in the business and management fields. Here is a summary of the BFM’s scope, salary, and employers in India:

  • Scope: BFM is a versatile course that prepares students for various roles in the corporate world. BFM graduates can work in areas such as marketing, finance, management, human resources, operations, and more. They can also pursue higher education in management or entrepreneurship.
  • Salary: The salary of a BFM graduate may vary based on experience, location, and employer. The average annual salary for a fresh BFM graduate in India ranges between Rs. 2.5 lakh and Rs. 5 lakh. With 2-3 years of experience, BFM graduates can expect a higher salary range of around Rs. 5 lakh to Rs. 8 lakh per annum. However, with advanced skills and expertise, the salary can go up to Rs. 20 lakh or more per annum.
  • Employers: BFM graduates can find employment in a range of industries such as banking, finance, e-commerce, FMCG, hospitality, and more. Some of the prominent employers for BFM graduates in India are multinational corporations such as Deloitte, KPMG, EY, PwC, and Amazon; Indian corporations such as TATA, Reliance, Infosys, and Wipro; and start-ups such as Ola, Swiggy, and Zomato.

Required Skills for Bachelor of Financial Markets (BFM)

To excel in a Bachelor of Financial Markets (BFM) programme, students must possess a combination of hard and soft skills. Here are some of the essential skills required for a BFM:

  • Must have strong leadership skills to lead teams, manage projects, and make critical decisions.
  • Effective communication and interpersonal skills.
  • Must have a good understanding of finance and accounting principles to make informed decisions regarding.
  • Budgeting, investment, and profitability.
  • Entrepreneurial mindset.
  • Time management and organisational skills.

FAQ (Frequently Asked Questions)

Can BFM be pursued through distance education?

Yes, BFM can be pursued through distance education at various universities in India. However, some colleges and universities offer admission based on merit in the qualifying examination.

What is the scope of BFM?

The scope of BFM is vast, as there is a growing demand for finance professionals in the financial industry.

Can BFM graduates pursue an MBA in finance?

Yes, BFM graduates can pursue an MBA in finance to enhance their career prospects in the financial industry.

What is the difference between a BFM and a BBA in finance?

BFM is a specialised programme that focuses on financial markets, while BBA in finance provides a broad-based understanding of finance and its various aspects.

Can BFM be pursued online?

Yes, some colleges and universities offer BFM courses online through distance education.
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