An MBA In Finance: Career Growth And Future Prospects

3

In today’s free market economy, prompt co-ordination and efficient management are the two key factors for any business to succeed in this cut throat competition. The entire business is conveniently divided into four broad segments- production, marketing, human resource and finance. All these four segments require expert and specialized knowledge for effective functioning. As a natural corollary all the business organizations these days hire MBA pass outs from renowned B- schools.

There are a plethora of MBA schools both in India and abroad that offers business management courses with specialization in any of the above mentioned four fields. Almost all the reputed business schools assure a good placement with a handsome pay package. The market trends, the lucrative career option, the huge potential for future growth- all these have made MBA the most sought for career option. And not only students, even those who are already working opt for an executive MBA degree to take huge a leap in the career. Once you have an MBA degree under your belt you can move from the position of trainee to the managerial ranks almost in no time.

1

It is true that all the four departments of production, marketing, human resource and finance are equally important for any business, however, it is finance which is the most complicated part and has a definite bearing on all the other activities related to a business.  Well-organized finances are absolutely crucial to the growth of any business. For creditable solutions to the finance requirements most companies prefer MBA degree holders or people with work experience in this sector. Therefore a masters or MBA in finance is a golden degree.

Now coming to the question why finance is so important and what does an MBA degree holder in finance is expected to do? First and foremost such a financial manager is expected to analyze the overall finances of the company. A degree in finance makes one competent enough to identify the various sources of finance as well as chalking out the ways of raising the fund. Other important decision he needs to take is to recognize the cost of financing and to analyze the probable risks that are associated in the process. It is these financial decisions that help the organization in taking prompt investment decisions, in strategic planning and many more, thereby contributing to the overall growth of the business.

2

For any student passing out with an MBA degree with finance as specialization, there are quite a few leading companies from various sectors (like banks, corporations, security firms and various consultancies dealing with finances and investments) waiting eagerly to recruit these fresh faces. A degree in finance even permits people to move to insurance, FOREX department, treasury, merchant banking and many other fields. Infact with some work experience that is with the live experience of the market one can also start a venture on his own. It is a finance degree that inculcate leadership aptitude within a person and ingrains in him decision-making capacity.

 

Advertisements

Speaking Tips From Mentors in Business School

The way you speak, is probably the most important factor determining the way people perceive you. More than how you look, how you speak and present yourself to the world makes the most significant impression. Therefore, it becomes immensely important to speak well and with flexibility and confidence. We shall discuss a few ways to add flexibility and ease to your speech.

2

  • The first thing that you need to remember to do on a regular basis is to brush up your language skills. The language that you speak in should be the language you keep learning all along your life. Try to build up on your vocabulary and your grammar. To speak well, the basics of the language need to be known very well. There are people, who learn many languages, but are not expert at any. The best way to master any language is to try to keep learning the language.
  • Reading improves ones language skills. Remember, the reason why I’m laying so much importance on the knowledge of the language is because, the better you know the language, the easier it gets for you to speak. Make it a habit to read out aloud. Reading out to your self shall improve your pronunciation and will also add flexibility to your speech tools.
  • Volume control is another very important factor to determine good speaking. There are people who are too loud and there are some, who are barely audible. You need to strike a balance between the two. Neither should you be too loud to overshadow the voice of others, nor should you be inaudible. Make sure you are heard and are sonorous. Balance is the key word, so do not forget to maintain it while you are speaking.
  • Speaking with confidence and ease comes with a lot of practice. The more you practice, the better you get. Keep practicing your speaking exercises. Read aloud, talk to people, and do not hesitate, if you want to say something just because you think you do not have brilliant speaking skills. Speak out, irrespective of your weaknesses. Only when you speak, shall you know how to speak even better.

1

  • Listening helps to improve speaking skills to a great extent. Listen to good speakers and try to recognize the ways they make themselves sound perfect in a gathering. There are audio CDs, available in the market that helps in developing speaking tools. These are at times, of great help. Hearing good speakers will direct you how to improvise your own way of speaking.
  • When you have learnt, and to an extent mastered how to balance the volume and the voice modulation, you can work upon the content of your speech. See that you are not talking either too much, or too less.

 

It might seem a little difficult at times to get over speaking difficulties, but with proper practice and methodical approach, you can speak with flexibility, ease and confidence.