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.

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Surviving in a Workplace

A fresher just out of an MBA college can find the corporate set-up to be pretty overwhelming. Often you learn the most valuable lessons about workplace survival in the job itself. It is always better to equip yourself with some essentials so that you can deal with literally everything that accompanies the corporate rat race. Whether you have a difficult boss, are struggling with your new assignment or your colleagues, here is a survival strategy for your workplace.

Are you prepared for everything?  

Pay attention to subtle things in your workplace; has there has been shift in the way the top management behaves with you? Are you missing out the closed-door meetings? In a workplace, often employees freeze when they face the unexpected. It is always better to approach a sudden change with a positive mind. When you suddenly find yourself reporting to a new boss who is half your age, forge a relationship with him or her. It is the perfect way to tell your new boss about your skills and competence and you can benefit the organization.

Always be a team player

Never do anything that will put you in an unfavorable position in a team. Little things like coming late or not finishing your work on time often create resentment among your colleagues. It may also irritate the boss. Most of the bosses like it when you are quietly doing a job without any trouble. They will definitely not like the fact that they have to take time out of their busy schedule to deal with problems created by you. Always accept challenges as opportunities; work closely with your team members and do not try to hog the limelight. Trust your core group of associates and colleagues, but also try to establish new connections. Remember, when you are in a team, the perspective of each member matters.

Think about strategic moves in your career

Career advancement is like a game of chess; it requires planning and answers to your what-if scenarios. None of this will be easy, but in order to be successful you should plan well ahead. Remember, that five years down the lane you are going to live in a place which you have designed today. Irrespective of your current position, try to gauge how your current position fits into the overall strategy of your organization. Can you do something to make your position more consolidated in your company? Can acquiring new skills help you in the long run? Make informed decisions so that you know the ways in which you can advance in your workplace.