Financial education is important in today's age where people are expected to manage their own money unless you are classified as HNIs (High Net Worth) where most of Financial services companies or Banks may offer their services at lesser cost and you can afford it too.
For Individual,It all starts from planning out their income and expenses, Income will be your salary or net profit from your business which you take home.After accounting for living expenses, you need to invest remaining money for it to grow.This blog talks about savings and various other financial products in detail.
When it come to Financial education, it is very wide field where you can learn from portfolio management to derivatives trading. FRM & CFA are the most known courses in the financial industry.
CFA is concentrated on portfolio management and financial products while FRM focuses on Risk Management and is more oriented towards mathematics and statistics. If students, who are already into Finance or have interest to get into finance, takes up these courses - it will not only help them to learn to practical concepts and application of knowledge which they have already acquired but will also add some weight on their CV which can certainly help while preparing/giving interviews for Financial Organizations.
Considering the number of universities and colleges in Solan, we can safely assume that there must be large number of students pursuing finance field. There must be a good coaching institute available in the vicinity so students can enhance their knowledge on these courses or the universities should take a step forward to introduce students to the modern education trends.
