Most careers in finance involve finding effective ways to manage an..., in order to create wealth and increase the organization's value. Finance majors prepare for this career by studying topics about planning, raising funds, making wise investments and controlling costs. This knowledge sets them up for a wide array of career paths in the areas of corporate finance, financial institutions and investments.
Chartered Accountancy
The most prestigious career option in this field is that of Chartered Accountant. Chartered Accountancy is a dynamic, challenging and rewarding profession. All countries have their own Accountancy Association which regulates the quality and quantity of the professionals in this field.
The course involves a blend of theoretical education and practical training which run concurrently for a period of three years and equips a student with knowledge, ability, skills and other qualities required of a professional accountant.
Statistics
A statistician handles the collection, assessment, explanation and presentation of quantitative data.
You as a statistician provide insights, commendations, and advice on policy and strategy to clients within and outside your organization.
You as a statistician, handle monitoring data collection and using modelling techniques, both mathematical and statistical. You would also be expected to present your findings along with providing strategic advice on how best to use the results.
Economics
Economics looks at how scarce resources are allocated to achieve needs and wants. A course in macroeconomics will teach finance students to understand the impact of financial market activities on the overall economy. Microeconomics will help them understand the behaviors that occur within individual firms and among consumers, as well as how various financial decisions can impact a firm's success.
International Finance Programs
Such program covers global management of finance including international corporations, foreign investment and exchange, global trade and regulatory policies. Students learn how to deal international financial issues smartly. Advance post graduate programs of international finance enhance skills of candidates through case studies and hands-on training.
Financial Modelling and Investment Banking Programs
Financial Modelling skills are a must for equity research and investment banking careers. If you want to make a career in financial research, equity research, investment banking, and other core finance areas, then having MBA or CFA degrees alone won’t help. You need to learn skills that are required to do the actual work on the job. It also involves different kind of loans that clients try to pursue. Understanding loans such as short term loan will help creating an effective financial model.
Cost Accounting
Cost management is the mainstay for an organisation to stay afloat. With the global competitive nature and economic demands, a company's success totally depends on the quality of service it provides with minimum cost input. The minimum qualification to pursue cost accountancy is a pass in class 12 or graduation (preferably in Commerce).
Banking & Finance Institution Programs
A course in Banking & Finance Institutions covers knowledge of commercial bank processes in detail. How to handle banking issues, how to manage financial data and strategies to attract consumers with financial deals are taught under the program. Candidates come to know about the Federal Reserve System and world banking. Post Graduate in Banking, Graduation in Banking and Diploma in Banking Finance are some top courses to join. These are job oriented programs that helps to outshine career of candidates.
Before joining any finance course, commerce students can do homework regarding varieties available under the field and also identify their skills and interests. Students studying finance will be tasked with big responsibilities in their careers. They will have to manage the flow of money at their companies and identify financial risks and returns to make effective business decisions.
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