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Program Overview
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.
Requirements at each school may differ, but these are the common requirements:
How long does it take to complete BSBA in Financial Management in the Philippines?
Normally, the BSBA-FM program takes 4 years to complete (Note: this may change due
to the K-12 integration). The program may be completed in a shorter time in schools
that follow the trimestral curriculum.
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.
o Bank Teller – process and record routine transactions for bank customers
including cashing checks, accepting deposits and withdrawals, processing
loan payments and money transfers.
o Credit and Collection Assistant – chase down delinquent payments and
helps in identifying potential credit risks to the company
o Accounting Clerk – financial record keeper who uses specialized ledgers
and software to record and process expenditures, receipts, payroll and all
other financial transactions for a business or organization
o Treasury Assistant – monitor the cash flowing in and out of the corporate
business and accordingly analyze whether the firm is experiencing enough
profits.
o Payroll Assistant – assist in the efficient and effective payroll service to
the company
o Junior Analyst – provides assistance to senior analysts by maintaining
current financial reports and data
o Mid-Level Positions
Require trainings and prior job experience of a few years:
The main countries where jobs for Filipinos are available are Saudi Arabia,
Bahrain, Qatar, United Arab Emirates, Singapore, Malaysia and Papua New
Guinea.
o Salary Levels
For fresh graduates in the Philippines, the salary range for entry level jobs in the
Finance Industry is generally php8,500 to php14,000 monthly. More advanced
positions offer between php25,000 and php 45,000 per month, while top
managerial positions such as CFO and VP Finance can pay php100,000 and more.
(source 1 , source 2, source 3)
Salaries for those who work abroad are generally much higher.