Finance is becoming one of the hottest topics of study nowadays. Wondering why?Then have this read to find out the answer.
Students of the modern age want to make money from the very start of their career – This area of study can surely help them achieving their money-making dream. But to make money, one has first to complete the studies regarding specific subjects.
Finance is an important aspect to run any business, address any future deal, or for many other necessities.
In general, Finance is a refined terminology for funds, which we usefor treatingour basic human needs, developing business ventures, dealing in the markets and many more.
It is correctly said, “It’s not always about the money we are earning, but the art of managing it is what matters the most”.
Any of the present or upcoming business entities need to manage their financial resources. Financial management mainly deals with acquisition, allocation, and supervising the financial resources of a concern.
This particular subject of study looks after arrangements of funds for your business proceedings, bring-on safe investment opportunities with high returns. It also ensures optimum utilization of funds, planning upon payments of shareholders and other stakeholders of business organizations worldwide.
Why is Finance important?
Choosing this field of cash and its other variables is fun, for the person who likes numbers. Apart from this, this area of study ‘Finance’ is one of the leading sectors which run the whole economy. By this statement, one can easily understand the essentiality of taking Finance as a career.
But managing finance for any business is not an easy task; it has multiple functions to perform which are mentioned below:
- Assessing the capital requirements for overall business workings
- Deciding upon the composition of short-term and long-term debt or finance options
- Choose on the various sources of funds available like a loan from banks, deposits and others
- Investing the funds later on to get higher returns
- Distribution of surplus – Paying dividends and keeping retained profits
- Take on financial decisions regarding the company’s cash resources
- Do the forecasting and point out controlling measures
Expanded career choices available:
As a career path, Finance is proved to be an apt choice. It has a vast list of options available for the students taking Finance for their higher studies.There are some significant certifications like CFA (Chartered Financial Analyst), FRM (Financial Risk Manager), PRM (Professional Risk Manager) and others, which are providedto its fellow students in this area of Finance.
Even after completing your Bachelors or Masters concerning finance subject, can go for the jobs listed.
Let us check out the never-ending opportunities in line for students, who are in plans for choosing Finance further:
- Investment Banker
- Management Consultant
- Corporate Finance professional
- Risk Management
- Asset Management
- Equity researcher
These above mentioned fields are some of the majors in Finance; there are several categories of junior or senior associate positions for students. These job roles provide in-depth knowledge about financial dealings and also offer students to work and learn in real time situations.
Life as a Finance Professional:
A Finance professional is in good terms with numbers, graphical data, and charts representing a company or its product and service’s performance. They are the people who know precisely how the world business is ruling all over.
Being a Finance professional requiresskills like convincing capabilities, making realistic assumptions and taking-up on concrete decisions. The ones who are strongly intuitive in terms of making risky financial decisions, with accurate return calculations can be a total hit in this category of a finance career.
Finance professionals are continuously high on demand because of their entirely concentrated money-making mindset. Apart from it, these financial executives are into a high-stress field, but one can’t ignore the fact that it is exceptionally demanding.
Author: Matthews Dave
He is Matthews Dave, a finance analyst in a renowned investment firm in the USA. He is also into tutoring for past few years now. He is a certified CFA, who is also into writing research papers on finance and business risk management topics.