Universities Offering Financial Management in Nigeria- Financial management is the task of allocating money and time to different activities. For example, you might invest your savings in stocks or real estate, or put money into a retirement fund. This task is challenging in Nigeria because there are several conflicting demands on both capital and labor.
Many Nigerians are subsistence farmers who live on the poverty line; often they don’t have enough capital to start a business so they need loans. Others struggle with debt burdens going back generations because most of their country never developed formal banking systems in the British colonial era. This situation has changed significantly since the turn of the 21st century, with both major Nigerian banks and international financial institutions setting up branches. Inflation is a constant risk for Nigerians, as food and fuel prices tend to be volatile. So people need more stable investments such as land or houses for their savings.
Nigeria is full of opportunities for foreign investors in manufacturing and especially services. The country is blessed with a wealth of natural resources including oil, natural gas, tin, silver, limestone and coal.
Universities Offering Financial Management in Nigeria
The list of such universities are:
- University of Lagos
- Imo State University (I.S.U)
- University of Nigeria, Nsukka
- Federal University of Technology, Owerri
- University of Benin, Edo State
- Babcock University Nigeria
University of Lagos
Financial Management at the University of Lagos is a course that equips students with the necessary skills for analyzing financial and accounting data to make informed business decisions. To study financial management, you should be older than 18 years old in Nigeria. The program lasts for two years, and every student is awarded a diploma upon completion of the course. This program is designed to be an avenue for students to expand their skills and knowledge in the financial management field.
The University of Lagos, also known as Unilag, was established by an act of the Nigerian Parliament on May 8, 1949, and had its first admissions into session in 1950. This university is not just one of the leading universities in Nigeria but also in Africa. The university is ranked among the top five universities in Nigeria. All this gives this university a huge advantage over other tertiary institutions in offering high-quality education to all its students, and that includes financial management as well.
University of Ibadan
Financial management is a course that equips students with the necessary skills for analyzing financial and accounting data to make informed business decisions. The department offers courses in accounting and finance as well as various fields in banking. This course offers students the opportunity to study various courses, including financial accounting, finance, economics, and management. Students are exposed to various business disciplines that give them useful skills for making informed business decisions.
The University of Ibadan is one of the leading universities in Nigeria. This university has produced many prominent personalities who have contributed immensely to the development of Nigeria and other African countries as well. This is why this university has become a benchmark provider of quality education in Nigeria.
University of Jos
The University of Kansas offers a combined program that equips students with the necessary skills for analyzing financial and accounting data to make informed business decisions. The course is designed to be an avenue for students to expand their skills and knowledge in the financial management field. The university has campuses in various parts of Nigeria. As one of the leading universities in Nigeria, its academic programs have earned it a position among the best universities in Nigeria and Africa as a whole. This fact gives the University of Kansas a huge advantage over other tertiary institutions in offering high-quality education to all students, including financial management.
Imo State University (I.S.U.)
Financial management is a specialist-level course that is offered as postgraduate coursework at the university. Financial Management is a course offered by Imo State University. The Financial Management Program at ISU is a three-year postgraduate academic degree in financial management that is offered in both full-time and part-time modes of study.
Obafemi Awolowo University
The Course of Financial Management in Nigeria is a postgraduate course that has been started recently for the 2015/2016 session. It has three different options for specialization, namely: financial management, investment and banking, insurance, and pensions. The interest in this area of study is primarily driven by its relevance to a number of sectors, ranging from academia to corporate entities.
University of Nigeria, Nsukka (UNN)
It offers courses in finance at both the undergraduate and postgraduate levels, with an aim to produce young professionals who can serve their country in these areas after obtaining a first-class honors degree (Hons). It also offers an MBA through distance learning with the approval of the Chartered Financial Analyst Institute of Nigeria. It is one of the few institutions in Nigeria that have recently attained accreditation from ABSOLUTUS, an internationally recognized accreditation body in higher education. The school has established a partnership with the University of California, Berkeley, to offer dual programs through the online learning platform edX. Being a member of the Association of Commonwealth Universities (ACU), it has specialized in researching and teaching topics related to finance and banking.
The Industries Where a Financial Manager Can Work
The Industries where a financial manager can work are:
- Financial services
- Insurance
- Real estate, property and casualty insurance
- Education and training
- Government
- Healthcare services, research and private practice
- Pharmaceuticals, biotechnology and medical devices
- IT industry and consultants
- Arts, media, culture production., sport and recreation
- Engineering & construction
Financial managers can work in Reits. Non Banking financial institutions, Insurance companies, Public sector banks, Private sector banks, Venture Capital firms and other financial institutions.
The case study of financial management in Nigeria is a good example of how a government-led effort, together with the citizenry it is intended to serve, can achieve desired goals.
Frequently asked Questions
What is the professional degree on financial management?
A Bachelor of Business Administration is among the most popular degrees in the field of financial management. A Bachelor of Science or Arts with a major in finance, economics, accounting or business administration also qualifies an applicant for entry-level employment as a financial manager.
Is financial management course difficult?
The BSBA in Financial Management course is quite difficult as it require a lot of calculation and analytical thinking.
Is there a lot of math in financial management?
Math is essential in a thorough study of financial management. While the use of more complex math concepts exist through statistics and calculus, these valuable concepts (presented here) of simple compounding interest are only algebraic in nature and pretty straightforward.
Does financial management need accounting?
To run a business efficiently and effectively and achieve business goals, one needs to have a good knowledge and understanding of financial accounting and management.
Can I work in Bank with finance degree?
Financial analysts can work for large investment organizations like banks, or for businesses to find new business or investment opportunities.
References
- Courseseye.com – Postgraduate Diploma in Financial Management
- Bachelorsportal.com – Best 4 Finance Bachelors degree in Nigeria
- Masterstudies.ng – Top Masters’ Degree in Financial Management
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