The study of financial management is important as financial management is emerging as an essential part both in public and private sector. Failure in financial management has been cited to be a major obstacle towards development, specially in developing countries like Bangladesh. Public, private and non-government institutions are faceing multiple challenges in their quest for effective, efficient and sustainable financial management. Moreover, financial management continues to change at a rapid pace. Over the years, financial management has grown in importance, as managers struggle to create value within a corporate and institutional setting. The major challenge in the area of financial management has been the dearth of skilled man-power in financial managemt in public, private and non-government sectors.
There has been growing awareness among the policy makers in Bangladesh about the need for skilled man-power in financial management. In this context, organizations in public, private and non-profit sectors realise the need of skilled financial managers to cope with the financial management challenges.
MPA in Public and Private Financial Management program at the BIGM aims to strengthen institutional financial management by preparing students to assume leadership in dealing with practical financial management problems that are central to acheive economic development. The program is designed to meet the current and expanding national demand for well-trained financial managers for public, private and non-profit organizations.