5 Subjects that Every Finance Student Should Take

When you choose a career in finance, you are expected to find effective ways to manage the finances of the company, create wealth and increase the net asset of the organization. Most finance majors should be prepared to study topics which include planning, raising funds for the company, making wise investments and controlling the expenses of the company. Finance majors are expected to be experts in when it comes to critical decision-making which are often crucial for companies. Choose your courses carefully; apart from the regular finance degree curricular, one should study the following subjects.

Mathematics

 

 

 

 

 

If you have already taken courses in calculus and algebra in college, it will help you to solve equations in complex financial markets. A course in statistics will be beneficial as the subject helps to take crucial decisions based on likely outcomes. Thorough knowledge of the subject helps the finance students to know about the movement of a company’s stocks and how they can be better allocated.

Economics\

 

 

 

 

 

Knowledge in microeconomics will allow the finance students to understand the impact of the activities of the financial market; you will be able to understand how the activities influence the overall market economy. You get to study the behaviors that normally happen within firms and among customers. Your knowledge in Economics will help you to understand how and when financial decisions can impact firm’s success.

Communications

 

 

 

 

 

 

Any communication course such as presentation skills or public speaking can help the finance students to not only present the finance reports, but explain the meanings behind the numbers and equations. A good leader should be capable of delegating responsibilities to employees; most business students, a Finance major in particular need courses in crisis communications, corporate communications and public relation strategies.

Corporate Finance

 

 

 

 

 

Corporate finance is all about understanding the financial problems of an organization beforehand and prevent them. In case of any mergers and acquisitions, a concerned finance analyst should have knowledge about corporate finance. Capital investments are an integral part of corporate finance; decisions like whether dividends should be offered to shareholders or not, or a proposed investment option should be accepted or rejected can be taken without any hassle if you have knowledge about corporate finance.

Accounting

 

 

 

 

Although it is said that accounting has a narrow focus, it is important to take it as a subject if you are planning a Finance major. With knowledge in accounting, it is possible to focus on both past records and present reports; the creation and analysis of these records often become crucial for financial decisions for an organization.

Take a look at the courses offered at one of the major B schools in Kolkata. Click https://www.bibs.co.in/ for more details.

Do you Need an MBA for a PR Job?

Can an MBA make a difference for a PR job? This is a question often asked by numerous PR professionals. An MBA degree offers unmatched networking opportunities; in a crazy competitive world, anĀ MBA degree will help you to have leverage as compared to your peers and competitors. Still not convinced? Take a look at some of the benefits of having an MBA degree if you are holding a PR job.

Helps you to acquire analytical and critical thinking

Often PR professionals have a lack of understanding of business goals; an MBA degree helps to drill business goals in a PR person. This degree will help you think beyond the usual metrics of the business world and get a broader picture of how business functions. Most PR professionals have entertained the thought of running their own business, consultancy or agency. Other than your PR skills, you should have the skills to read a balance sheet, manage change, think about the operational expenses, and have sound HR policies. You can learn all these on the job; but an MBA degree will help you to acquire the expertise in a short time.

Helps you to grow your network

An oft-mentioned benefit of having an MBA degree is that it helps you to have a solid network. Now you may argue that even a non-MBA person has a huge network but it will be nothing as compared to what you might have after you enroll in a prestigious business school. With a solid network, one can chance upon PR-specific business opportunities which might not happen otherwise. Talk to people who have already made the leap from the communications field to MBA and you will know about the endless possibilities. Those who are not willing to start their own business can go for management positions after an MBA course, which might be a difficult to achieve otherwise.

Helps to understand your life goals

Those who plan to continue with an agency should rethink about an MBA degree. Most agencies hire creative problem solvers; but on the corporate side higher-education and MBA degrees are known as qualifiers for senior-level management positions. You will hardly find anyone in a senior leader position without a management degree. Those who want a senior position in the corporate world should and must go for the MBA degree.

Think about all these pointers and try to get an MBA degree when you still can. There are greater and better career opportunities waiting for you to be explored.

What you Need to Know before you Begin your Career in HR?

There was a time when human resources were primarily known as ‘paper pushers’; they were mainly considered as the document keepers in the organization. HR departments these days are extremely dynamic and they play a vital role in the talent development strategy of any business. Although an HR may wear different hats these days, the department still remains obligated to one of the most valuable assets of an organization: its people. If you are starting a career in HR after pursuing an MBA degree, these are some of the functions you will be expected to perform.

HR Leaders are the best Solution Providers

Some of the best and most impressive HR leaders are known to solve not only business goals, but are driven by a basic desire to positively impact the lives of the employees of an organization. An HR leader can definitely help in the business by driving change with both data and passion. Most people choose a career in HR precisely because this department gives them an opportunity to influence various aspects of an organization. When it comes to company policy, an HR manager is definitely one of the effective decision-makers in the company.

HR Leaders are Knowledgeable about the Core Business

HR managers who work in a business unit which supports the core business of a company should definitely know everything about the business. As you learn your own responsibilities in an organization, you should also learn about all the nitty-grittys of business. If your company is a small and growing at a fast, often it becomes extremely difficult to stay on top of everything. As a HR manager, your capability lies in understanding the employee psychology and how it can be aligned with organizational goals. Of course, there are some things that you can do to maintain employee satisfaction and company culture. You can start a small reward program where employees are recognized for their contribution to the company. How do you resolve a conflict situation? It can become difficult to define everything in a fast-growing organization. The process of resolving a conflict or the procedure of collaboration will definitely differ and vary. Effective communication might be the key.

HR Leaders Foster Transparent Internal Communications

How can an HR leader ensure that communication is mostly transparent and always done on time, especially when it is crisis communication? Good news travel fast, so if the company is doing well or there have been some positive changes in the organization, your employees will get to know that even before the news bulletin is out. When it comes to communicating bad news or any type of change, the best way to do it is go for honest communication in due time. This information should reach those people who are going to be directly affected by this change. A good HR leader never underestimates the fact that honest information shared in due time can save the day.

Is Doing an MBA after Work Experience a Better Deal?

Now that you have completed your graduation, you are on threshold of taking some important decisions in your life. Chances are that you may not be sure whether you should go for an MBA or join an organization for gathering experience. There are actually quite a few who are stuck in this similar situation. Finding it tough to choose between the two? Are you asking the question; can MBA after work experience help me to further in my career? Let’s find out.

Confident about what you need to do

During those 2 glorious years of your MBA course will have the opportunity to interact with students from NIITs, IITs, and NIFTs. If you do not have an equivalent brand name in your resume, at least work experience of two to four years will give you the much-needed confidence to take on the world. Your work experience will compensate your brand value. An MBA degree is not only about theoretical knowledge, but also about practical applications. In case you have worked in a designated field for some time, it will be easier for you to cope in an MBA class. Certainly you will be in a better position than your peers.

Clarity about your future endeavours

If you get into MBA right after your graduation, it may be hard for you to choose a major at the end of the first year. Students might have a general idea about most of the subjects, but experienced students definitely know better. A student who has already worked for two to three years before applying for MBA will definitely know about his/her strong areas; he or she will have clarity regarding the major. Also, the exposure to the corporate world helps him to take better informed decisions.

Better financial stability

If you already have work experience, you are likely to know how expensive a business school can be. When you enter the workforce just after college, as a candidate you will have more financial stability both during and after business school. For some MBA programs you may require a solid amount of work experience in your resume. Even when it is not the case, business schools often assess candidates on a number of factors. Having work experience will give you leverage before other applicants. Most candidates with previous work experience are preferred not only by B schools during admission, but they are a favourite with recruiters as well.

In other words, your work experience will be helpful as you will naturally develop skills which can be more specialized than an MBA degree. An MBA is a qualification which will allow you to have flexible business knowledge. If you have the opportunity to grab both at once, then why not?

5 Advantages Of An MBA Finance That Every Student Should Know

There are definitely more than 5 reasons to specialize in Finance while doing your MBA. Finance has seen extensive growth despite current economic downturn; with an MBA degree in finance you can have rewarding career options in wide range of industries. Let us just say that these are the 5 perks available to individuals who want to implement exciting changes to their lives.

Narrowing your Focus

Those who want to start their own business after completing their MBA can opt for a finance major; it will allow you to explore a field with many job opportunities. A finance degree will help you to collaborate with some of the decision makers outside the organization like government officials, banks, suppliers, stockholders and other business operators.

Eligible for Upper-level Management Positions and Promotions

The MBA in finance opens up employment opportunities, especially for those candidates who already have work experience. Graduates of an MBA programme can find work in various financial institutions like investment companies, banks, mortgage companies and financial services firms. In 2016, three-quarters of employers mentioned that they plan to hire MBA graduates while almost 92% have increased the number of MBA internships in their organizations. With an MBA degree in finance, you will be able to apply in higher-level positions and increase the career opportunities. And of course gaining new skills can act as a catalyst to kickstart the transition from one career to the other.

Greater Job Security

The job market is extremely turbulent these days; there is a sense of uncertainty everywhere. With an MBA in finance, you will have more marketable skills which will earn you greater job security. And at the same time there will be no dearth of opportunities. If you have work experience, you can join as a financial managerĀ  in different companies. Those who love organizational responsibilities can manage investment activities or can be engaged in preparing financial reports.

Exposure to Wider Curriculum

The finance stream normally includes a wide range of topics in its curriculum which help students to perform better. The curriculum not only educates you about finance, it also gives fair ideas to the students about marketing and statistics. You can specialize in corporate finance, investment banking, and risk management and even get absorbed in different chartered accountant firms with a finance major in MBA.

Wider Scope of Application

Apart from attaining a degree in finance, students are also trained in analytical thinking, and concepts of making good managerial financial decisions. With an MBA in finance you will have a managerial perspective on all these concepts which will help you to further your career.

 

 

4 Tips to Excel in your Internship

Before you start your internship, think carefully about what you expect to learn from the experience. When you have a clear idea about what you expect to get from this internship, it will be a win-win situation for you. An intern gets an opportunity to develop skills, explore new areas of interest and gain exposure to the big world of corporates and learn from the professionals.

Do not pose as a know all

As the new kid in the block, you need time to blend into the work culture. Every organization is unique and you need to groom yourself to be heard. There will be ample time in the future for you to speak up and suggest improvements. Do not speak too quickly or pose as the Mr. Know All. Rather try and build your personal brand and try to tell your manager how your ‘brand’ can help the organization. First you need to learn about why the organization does everything in the way they do. Use this information to help your future workplace.

Hone your networking skills

Remember to keep in touch with everyone you met during your internship; you will definitely need them in future. Ask them if they are part of a professional association and find out how it can help you to increase your skills, knowledge and association. Notify the people in your network about your success story. If you had a performance review at the end of your internship, be sure to include them in your resume as you share it within the network. Keep a running list ready to ensure that you do not miss any vital points. Thank them for your counsel; people always want to hear the good news.

Do your homework before the internship

As a mandate, you must research about the company for which you will be doing an internship. You should refresh your memory the night before you start and if possible do an additional research about the company’s culture and history. This kind of preparation will boost your confidence. Those who have a general understanding of the industry, the company and their achievements, will appear to be more knowledgeable and sound. You can actually keep a Google alert for the organization to track any recent press release.

Treat it as if you are on a real job

If you want your employer to take you seriously, you must treat your internship like a real job. Always understand that this your first stint with the big world of the corporates. Do not miss any opportunity to learn a new thing and always try to create an impact on your organization with your work. Remember you get an opportunity to learn in a real-life environment and your decisions, mistakes and contribution will affect real people.