Career options after financial accounting

Financial Accounting Course

Financial accounting is a crucial part of a business that allows the company to manage, assess and track its financial transactions. It enables them to make accurate decisions with the allocation of funds and managing business finances. A financial accounting course equips individuals with the essential knowledge and skills required to comprehend the methods by which companies record, categorize, and present financial information.

It prepares young professionals for careers in public accounting and internal auditing, where they will be responsible for reviewing a company’s financial statements. This article will guide you on financial accounting which is a part of MBA in Banking and Finance program by TAPMI Centre of Executive Learning and the career options available after completing the finance and accounting course. You will also learn about financial accounting online courses that you can pursue from TAPMICEL. 

What Is Financial Accounting?

Financial accounting is the practice of recording, classifying, summarizing, and reporting financial transactions. It is used to ensure that the company’s financial statements provide a clear and accurate picture of its financial position and performance. It plays a crucial role in business management, aiding decision-makers in making sound choices for the company’s advancement. Financial accountants can find employment in both the public and private sectors, and their responsibilities vary from those of general accountants.

Who Uses Financial Accounting

Financial accounting is a structure that defines the rules of financial recordkeeping. It is used to prepare financial reports and bookkeeping, which helps corporations, non-profits, and small businesses manage their finances. Various groups use financial accounting, such as:

  • Banks: Financial accounting is important for banks and other financial institutions as they require financial statements when lending and borrowing loans from banks. Financial statements are used as proof for banks and other agencies to check the credibility of a business and non-profit organizations.
  • Regulatory Agencies:– Public companies and government regulatory bodies like SEBI and Income Tax Department uses financial accounting to check companies’ financial accounts and cross-check financial irregularities if occur.
  • Auditors:- Auditors check and analyze the companies’ financial statements to ensure financial accounting guidelines are practiced and no statements are misrepresented.
  • Investors: Investors always check for financial statements before investing in any firm or start-up. Financial accountants help them to understand the profit & loss of the company and their vision & planning.
  • Suppliers: Suppliers and vendors use financial statements for their credit application process. A good financial statement helps them in increasing their business and maximize their loan limit.

Career Options After Financial Accounting Online Course

  1. Public Accounting Professionals: You can work as an in-house accountant or provide consulting services to private firms.
  2. Corporate Finance Professionals: It is a sub-division of financial accounting that helps make investment decisions and capital restructuring for banks and financial institutions.
  3. Investment Banker: It is a lucrative career with a high pay scale. Investment bankers are responsible for helping an institution make the right financial decisions related to investments, asset allocation, trading, and portfolio management.
  4. Risk Management: Risk management professionals are responsible for identifying poor investment options and minimizing the risks using strategies. 

There are various jobs for risk management professionals such as:

  • Financial Risk Manager
  • Enterprise Risk Manager
  • Supply Chain Risk Manager
  • Operational Risk Manager
  • Digital Risk Manager

Some of the career options after the financial accounting course:

  • Chartered Accountant
  • External Auditor
  • Stockbroker
  • Arbitrator
  • Retail Banker
  • Management Consultant
  • Company Secretary 
  • Data Analyst

Top Companies That Hire Financial Accounting Professionals


There are several reputed companies, private banks, and financial institutions that hire financial accounting professionals, some of them are listed below:

  • Citi Bank
  • Barclays
  • HSBC Bank
  • Bajaj Finserv
  • Tata Capital
  • Muthoot Finance
  • Kotak Mahindra Bank
  • Deloitte
  • KPMG
  • Ernst & Young
  • PwC
  • Grant Thornton
  • Smith & Williamson
  • Moore Stephens
  • BAIN

Learn Financial Accounting Online with TAPMI

TAPMI is a leading B-school in India. Study MBA in Banking and Financial Services by TAPMI and prepare for immense career opportunities in digital banking and the financial industry. TAPMI Centre of Executive Learning offers India’s best financial accounting course.

What Will You Learn In MBA (BKFS)?

You will learn the following subjects in the financial accounting course in MBA (BKFS)

  • Financial Accounting
  • Corporate Finance
  • Management Accounting
  • Macro Economics
  • Financial Statement Analysis
  • Technologies in Finance
  • Fintech Industry
  • Financial Modelling
  • Data Analysis
  • Accounting
  • Risk Modelling and Survival Analysis
  • Actuarial Mathematics

The objective of this program is:

  • To understand the fundamental concepts of financial accounting, basic accounting, ratio analysis, analyzing financial statements, banking and finance.
  • Gain a deep understanding of capital markets and the nature of financial assets.
  • Learn risk management and financial decision planning.
  • Encouraging good understanding of financial understanding and enabling strategic decision making.

Program Eligibility

  • The program is specially designed for young professionals and entrepreneurs who have:
  1. Minimum 1 Year of work experience
  2. Completed graduation degree with a minimum aggregate score of 50%.

Program Structure 

The MBA in Banking & Financial Services course duration consists of 2 years, with

  • 20 foundation courses, 3 credits each in the program’s first year.
  • The second year will comprise 2 core courses and 5 elective courses with 2 credits each in five different domains, out of which students must select four. 


Why is Financial Accounting so popular?

Due to the increase in the fin-tech industry and demand for financial accounting professionals, financial accounting offers bright career prospects for young professionals.

How long does it take to complete this Financial Accounting course?

The financial accounting course is a part of an MBA in Banking and Financial Service program by TAPMI. It is a full-time 2-year online course.

Is it worth learning Financial Accounting?

There is a huge demand for financial accounting professionals in the banking and fin-tech industry.

Who is eligible to take this Financial Accounting course?

Any student who scored 50% aggregate marks in graduation is eligible for a financial accounting course.

Is financial accounting hard?

The teachers and lecturers teach interactively with real-life examples and make financial accounting easy for students.

How much do financial accountants earn?

Usually, financial accountants' salary starts from 7LPA and has no limits for experienced and talented candidates.

Disclaimer : we are committed to providing accurate and up-to-date information to our valued visitors. The data concerning companies and external organizations presented on this platform are extracted from secondary sources or expressed personal opinions of the writers. Therefore, it should not be considered as official information provided by the respective organization. Furthermore, the information regarding fees, eligibility, scholarships, finance options, and other program-related details that are mentioned on this website are subject to alteration at the discretion of the universities. We suggest referring to the corresponding program page for the latest updates. The contents shared in the blogs are not legally binding and cannot be considered as conclusive.
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