Business finance are important for any company as most businesses are mainly instituted to earn profits. It also calls for several functions, like money related service, international finance or financial planning. Even as the economy develops, job growth for financial advisors will arise from the increase of established companies and the introduction of new business.
Individuals who are eager to enter the field of business finance generally have to have at least a bachelor’s degree, although it differs according to job profiles and companies. Lot of educational institutions, universities, and recognized professional schools are providing appropriate courses and programs.
Financial analysts gather information and provide analysis and recommendations to business concerns as well as individuals. The primary aim is to enable them to make investment choices. Direct formal degree are not necessary to become an independent financial analyst.
However, having the relevant qualifications will be advantageous while competing against other applicants for the job, and it would prove helpful in the job itself, because degrees are likely to provide some of the relevant analytical experiences that are vital.
The least amount of educational qualification, needed to become a financial analyst is a bachelor’s degree in business administration, accounting, statistics, finance, or something similar.Detailed understanding of accounting policies and practices, financial analysis, techniques and corporate budgeting is of utmost importance in this field. Master’s degree and experience of advanced courses in pricing and bond valuation are likely to be beneficial.
It is extremely important to possess numerical, analytical, computer, and problem-solving skills. A reasonably good level,if not high standards of information is necessary. Financial advisors need to deal directly with their customers,and having high class communication and interpersonal skills are a requirement. Financial analysts may be individuals or companies with the necessary capability to convince their clientele. A better part of a financial analyst’s job is to advertise products and services to consumers,and so a good sales ability is necessary.
There are some certificates, which help individual financial analysts to better their professional standing like a chartered financial analyst or certified financial planner. No license is, however, needed to practice as financial advisors with the exception of individuals dealing in mutual funds, stocks, bonds insurance, who might need to apply for a license permitting them to deal in these activities.
Ethics is very crucial in professional accountancy . Presently, even as the business and financial world is instituting international accounting and auditing standards, it is all the more important to adhere to certain Code of Ethics prescribed by the various international and national accountancy organizations.
U.S. finance analyst firms have been expanding abroad. The U.S. firms have been using resources more efficiently by reducing costs, streamlining operations, and developing efficient marketing strategies.
International degree programs for finance analysts might include topics like international marketing, export and import practices, globalization, international trade, financial management, business planning, economic development, international law, international business policy, international culture, foreign languages,outstation business rules, foreign market analyses, overseas operations, sourcing, communications and dealings, crucial thought processes, ethical codes of conduct for global business leaders, marketing strategies, and management practices and processes.
International business degrees help people become business strategy consultant, managing consultant, account manager, project manager, business developer, distribution manager, director of international affairs, finance advisor, foreign market analyst, or management analyst.
Management analysts, had almost 605,000 jobs in 2004, according to the U.S. Bureau of Labor Statistics. Employment of these international business career professionals is supposed to grow faster than the average for all occupations by 2014. Average annual earnings of management analysts were 63,450 dollars in May 2004, with the best ten percent earning more than 120,220 dollars.
Last Updated on : 1st August 2013