Forex Management: Fees, Admission 2024, Subjects/Syllabus, Top Colleges, Top Exam, Salary, Scholarship, Cutoff

Updated on May 10, 2024 11:53 IST
Pragati Singh

Pragati SinghSenior Executive - Content

Forex Management or Foreign Exchange Management course is a specialized field focusing on international financial markets, particularly the forex market. This program equips individuals to analyze global currency dynamics, devise strategies for managing forex risk, execute international trade finance transactions, implement currency hedging techniques, and understand international financial regulations. The course is imparted under the Finance or Economics branches. Forex Management course under Economics is more on the theoretical side and the impacts of foreign markets on the world economy. While the Foreign Exchange Management course under the Finance domain will impart practical knowledge on how to trade and invest in the markets, risk management, derivatives, and more.

Forex Management courses are offered at both UG as well as PG levels. Typically, the course is offered as a BBA degree specialisation at the UG level. While PG courses can be offered with an MBA or an MA course. Candidates having in-depth knowledge after completing a Commodity & Currency Markets course would not find a Forex Management degree course worthwhile. Such candidates can obtain a Forex Management certification.

Eligibility criteria vary, undergraduate programs typically require completion of Class 12 with a minimum percentage, while postgraduate programs usually necessitate a Bachelor's degree in Finance, Commerce, Economics, or a related field. While entrance exams are not mandatory, some institutes may consider scores from national-level exams such as MAT, XAT, or CMAT. Course durations can also vary for diploma/certificate courses span 6 months to 1 year, BBA programs last 3 years, and MBA programs take 2 years. Moreover, graduates can pursue roles such as Foreign Exchange Trader, Risk Analyst, International Trade Finance Specialist, Treasury Management Officer, Investment Banker, or Financial Consultant

Forex Management Course Highlights

One can easily get a job as a Foreign Exchange Dealer, Forex Market Analyst, Forex Accounts Executive, and Treasury Executive, among other positions. Scroll down to the highlights to know more details about the Forex Management courses including eligibility criteria, syllabus, top colleges, career prospects, salary, and more.

Forex Management Highlights
Course Level UG, Diploma, PG, PG Diploma, Certificate
Mode of Study

Offline, online

Full-time, part-time

Course Type Degree, diploma, certificate
Course Duration

UG: 5 years

Certificate: A few hours to 6 months

PG: 1-2 years

UG Diploma: 1 year

Eligibility

Certificate: Class 12 or Graduation

UG: Class 12

UG Diploma: Graduation

PG: Graduation

Admission process

Entrance-based, Merit-based 

Course Fees

10 K- 5 lakh

Top Colleges Chandigarh University, Amity University, ISBM, YMCA Institute of Management
Average Salary 3-8 LPA
Top Recruiters

Axis Bank, IndusInd Bank, Kotak Mahindra Bank, Yes Bank, HDFC Bank, ICICI Bank

Entrance Exam CUCET, MAT, XAT
Job Positions

Forex Manager, Treasury Manager, Foreign Exchange Dealer, Currency Analyst, Risk Manager

Note- This information is sourced from the official website of the institute/exam.

Forex Management Course Relevant Details: Top Forex Management Colleges in India

What is Forex Management?

Forex Management, also known as foreign exchange management or currency management, is the process of planning, executing, and supervising foreign exchange activities within a company or for an individual. It entails managing many aspects of currency transactions as well as the risk associated with swings in foreign exchange rates.Forex Management entails exchanging one currency for another, which is frequently required for international trade, travel, or investment. This trade may take place in the foreign exchange market, often known as the forex market.

Why pursue Forex Management?

Forex Management gives you specific knowledge and abilities in global financial markets, foreign exchange, and currency trading. This knowledge can be extremely valuable in the financial world.A foundation in Forex Management opens the door to a variety of financial employment prospects, including positions as forex managers, currency traders, risk analysts, and financial consultants. Forex Management is critical for companies involved in international trade and investment. Understanding currency markets and risk management can help international firms and financial institutions succeed. 

Who can pursue Forex Management?

Forex Management is a specialist branch of finance that is ideal for people who are interested in foreign exchange markets, currency trading, international finance, and risk management.Forex Management might be an intriguing area of expertise if you have a real interest in money, economics, and financial markets. Individuals who want to work in finance, namely in treasury management, risk analysis, currency trading, or international finance, can benefit from Forex Management education.

Forex Management Courses

Forex Management is typically offered under a business administration course. However, several Forex Management courses are offered as certification courses to impart education in a part-time mode. Space bellow mentions some of the top Forex Management courses offered in India:

  • BBA in Forex Management
  • Certificate in Advanced Treasury and Foreign Exchange Risk Management
  • Certificate in Basics of Foreign Exchange Risk Management
  • Diploma in Forex Management
  • MBA in Forex Management

Forex Management Eligibility Criteria

Candidates need to fulfill the eligibility criteria for the Forex Management course as mentioned below:

Forex Management Eligibility Criteria
UG 
  • For a UG degree course, candidates must have passed Class 12 with 50 percent.
PG
  • For a PG degree course, candidates who have completed a bachelor’s level education are eligible for the course. Candidates with a basic understanding of foreign exchange markets are preferred.
Certificate
  • For certification courses in Forex Management, there are no confined eligibility conditions.

Note: Candidates must note that the minimum score criteria may vary across institutes.

Forex Management Entrance Exams

In India, there are no specialized entry exams for currency management at the undergraduate level. If you want to work in Forex Management or a related sector, you can enroll in undergraduate or postgraduate programs in finance, international business, or management, where you can specialize in Forex Management. Few colleges accept applications on the basis of scores of the following entrance examinations such as:

Exam

Exam Dates

Exam Schedule

CSEET 

January 06, 2024

CSEET 2024 Schedule

CUET 

15 May '24 - 31 May '24

CUET 2024 Schedule

CFA 

Level I:

  • February 19-25, 2024
  • May 15-21, 2024
  • August 20-26, 2024
  • November 13-19, 2024

Level II:

  • May 22-26, 2024
  • August 27-31, 2024
  • November 20-24, 2024

Level III:

  • February 15-18, 2024
  • August 16-19, 2024

CFA 2024 Schedule 

Christ University Entrance Test (CUET)

Feb '24 (Tentative)

Christ University Entrance Test (CUET) 2024 Schedule

NMIMS NPAT 

02 Jan '24 - 25 May '24

NMIMS NPAT 2024 Schedule

Note- This information is sourced from the official website of the institute/exam.

Forex Management Syllabus

Every course with the Forex Management specialisation is structured differently. Some of the common topics included in the Forex Management syllabus are as follows:

Forex Management Subjects

Certificate Course in Banking, Insurance and Forex

  • BOP and its impact on business decision making, Direct and Indirect Quotes
  • Arbitrage , Forward Rates and Annualized Forward Margins (AFM)
  • Hedging (Internal and External) : Forwards, Futures, Options and Swaps
  • Forex Banking Operations, Role of Dealing Room
  • International Payment Systems & Methods. International Capital Markets 
  • Bank Financial Statements- Profit and Loss accounts

Diploma in Forex Management

  • Supply and Demand View of Exchange Rates
  • Quoting Foreign Exchange Rates, Spread, Official and Free-market rates
  • Foreign Exchange Markets and Transactions
  • Direct, Indirect and Cross Rates
  • Hybrid System and Target Zone Arrangement
  • Forward Exchange Rates versus Expected Future Spot Rate
  • The Nature of Exchange Rate Risk and Exposure

Forex Management Course Relevant Details:Certificate Course in Banking, Insurance and Forex Syllabus

Top Colleges offering Forex Management Courses

India has more than 1750 colleges offering courses in Banking Finance and Insurance domains. While more than 3400 colleges have been imparting courses under the Economics stream. Forex Management courses are offered under the umbrella of Banking, Finance, and Economics.Around 8 colleges in India offer Forex Management course which includes majorly private colleges. The colleges mentioned in the table are listed alphabetically and not in any order of ranking hierarchy.Here are some of the Forex Management colleges in India:

Institute Total Course Fees in INR
Amity University Online 50 K
Asia Pacific Institute of Management 8.9 lakh
BSE Institute Limited, Chennai 7 K- 12 K
Chandigarh University (CU) 4.2 lakh
Indian School of Business Management and Administration, Bangalore 5.9 K
Indian School of Business Management and Administration, Hyderabad 5.9 K
International Trade Promotion Center 16.5 K
New Delhi YMCA Institute for Management 33.7 K

Note- This information is sourced from the official website/ counselling body and may vary.

Forex Management Career, Scope and Top Job Profiles

Career in Forex Management is quite lucrative with job opportunities in both public as well as the private sector. People living in a country other than their home country can have excitement in the forex career. Several consulting companies hire forex professionals to help clients make profits. Also, one can ditch the job life and work as a forex trader. Space below provides the job roles and salaries offered to a Forex Management professional.

Job Profile Job Description Average Salary (INR)
Forex Manager Forex managers are in charge of a company's foreign exchange activities, which include currency trading, hedging methods, and risk management. They monitor currency rates, assess market trends, and make decisions to maximize forex transactions. 7 - 12 LPA
Foreign Exchange Dealer Dealers work for banks and conduct currency exchanges on behalf of their clients. They offer currency market advice, execute trades, and manage positions in order to maximize profits while avoiding risk. 6 - 11 LPA
Treasury Manager Treasury managers are in charge of a company's treasury functions, such as cash flow, liquidity, and FX transactions. They devise techniques to reduce currency risk and make the best use of available funds. 7 - 12 LPA
Currency Analyst Currency analysts do research and analysis on foreign exchange markets, economic data, and geopolitical events in order to provide insights and forecasts. They work for banks, investment firms, and news organizations. 5 - 10 LPA
Forex Compliance Officer Compliance officers in the forex sector make certain that their company follows regulatory requirements and anti-money laundering (AML) legislation.  7 - 13 LPA

Note- This information is sourced from the official website of the institute/exam.

Forex Management Top Recruiting Companies

Here is the list of some top companies that recruit Forex Management professionals in India:

Forex Management Top Recruiters
Yes Bank SBI Payment Services Private Limited
Tata AIA Life HDB Financial Services Ltd
OctaFX Muthoot Finance
Accenture IBM India
Axis Bank IndusInd Bank
Bajaj Capital Future Generali India Life Insurance Co. Ltd

Read More:

FAQs on Forex Management

Q: Is a Forex Management course available online?

A: Yes, many educational institutions provide Forex Management courses online, making them available to students all over the world. Online courses offer convenience and the ability to learn at your own pace.Some courses offered by top online mediums 

Q: What is the scope of the Forex Management course?

A: Nowadays, Forex Management has become a lucrative career option. With more people inclining towards financial literacy, the scope of financial management is increasing. The Forex market is one of the best ways for portfolio diversification. Therefore, people consider a Forex Management course to manage their own finances or provide services to individuals looking for professionals. A Forex Management course can provide a wide range of applications, including opportunities in international finance, risk management, and currency markets. The course provides you with the knowledge and skills you need to comprehend and handle the difficulties of foreign exchange, allowing you to pursue a variety of professional opportunities.

Q: Can I get a government job after completing a Forex Management course?

A: While Forex Management courses do not usually directly lead to government career chances, they can considerably increase your skills and make you a competitive candidate for many government posts, notably in the financial and economic areas.  Many government-owned banks and financial organizations employ finance and foreign exchange experts. Bank Probationary Officer (PO), Specialist Officer (SO), and Manager positions in the foreign exchange department may be offered. Positions in international finance and FX operations may be available at government financial organizations such as EXIM Bank (Export-Import Bank of India) and NABARD (National Bank for Agriculture and Rural Development).

Q: Do Forex Management courses offer certifications?

A: Some Forex Management courses may award certifications upon completion, whereas others may award a diploma or degree in finance with a Forex Management focus. Certifications such as the Chartered Financial Analyst (CFA) can also be useful in supplementing your Forex Management study. Moreover, many Forex Management courses include flexible timetables, such as part-time or online alternatives, which allow you to mix your study with employment or other responsibilities.

Q: What is the eligibility criteria for BBA in Forex Management?

A: Typically, candidates must have passed their 10+2 or comparable test from a recognized board or university. The minimum aggregate percentage required in the 10+2 test varies by institution, but is normally in the range of 50% to 60% or higher, depending on the admission policies of the university.Specific topic requirements in the 10+2 test may exist in some colleges. Subjects pertaining to commerce, economics, mathematics, or business studies may be preferred for a BBA in Forex Management.

Q. What are the expected salaries after completing BBA in Forex Management?

A. Fresh graduates may begin their careers as entry-level Forex Analysts, Traders, or Forex Operations Executives. The annual remuneration for these occupations might range from around INR 2 lakh to 5 lakh, or even lower for some trainee posts.Individuals with some experience (1-2 years) can advance to junior-level positions with growing responsibility. Junior Forex Analysts, Forex Dealers, and Assistant Managers can expect to earn between INR 4 lakh and 8 lakh per year.After 3-5 years of experience, you can rise to mid-level jobs such as Forex Managers, Treasury Managers, or Risk Managers.

Popular Forex Management Colleges in India

Following are the most popular Forex Management Colleges in India. Learn more about these Forex Management colleges (Courses, Reviews, Answers & more) by downloading the Brochure.
1 Course
24.2 L
24 LPA
1.54 L - 4.28 L
2.4 - 4.1 LPA
Ranked #3 Private University in India. Placement with Fortune 500 Companies
4 Courses
540 - 27.5 K
8.62 LPA
3.2 L - 10 L
3.75 - 7.25 LPA

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
2 L - 13.72 L
10.5 LPA
4 Courses
1.01 L - 14 L
9 - 11.59 LPA

Popular Private Forex Management Colleges in India

6.75 L
4.9
4 L - 9.92 L
4 - 6.5 LPA

Banking, Finance & Insurance Applications open. Apply Now

3 L - 9 L
5.15 - 7.78 LPA

Banking, Finance & Insurance Applications open. Apply Now

4.01 LPA
3 Courses
2.95 L - 6.1 L
2.51 - 2.94 LPA

Banking, Finance & Insurance Applications open. Apply Now

2 Courses
2.6 L - 3.2 L
4.0

Most Popular Courses

Following are the most popular Forex Management courses, based on alumni reviews. Explore these reviews to choose the best course in Forex Management.

Popular Forex Management UG Courses

Following are the most popular Forex Management UG Courses . You can explore the top Colleges offering these UG Courses by clicking the links below.

UG Courses

Popular Forex Management PG Courses

Following are the most popular Forex Management PG Courses . You can explore the top Colleges offering these PG Courses by clicking the links below.

PG Courses

Popular Exams

Following are the top exams for Forex Management. Students interested in pursuing a career on Forex Management, generally take these important exams.You can also download the exam guide to get more insights.

17 Jul ' 24

CFA 2024 Level III August Rescheduling Deadline

21 Jul ' 24

CFA 2024 Level I August Rescheduling Deadline

17 Jul ' 24

AMU Entrance Exam 2024: Round 1 Grace period with...

13 Jul ' 24

AMU Entrance Exam 2024: Round 1 Preparation and d...

Jul '24

LUACMAT 2024 Result Declaration

TENTATIVE

Jul '24

Download LUACMAT Admit Card

TENTATIVE

13 Jul ' 24 - 18 Jul ' 24

URAT PG 2024 Phase II Application

13 Jul ' 24 - 22 Jul ' 24

URAT PG 2024 Document Submission for Admission

qna

Student Forum

chatAnything you would want to ask experts?
Write here...