Thursday 7 August 2014

Career in finance or business analytics


For a bright and successful career, academic degrees like graduation or for that matter MBA may not be enough; one requires to gain specialized skills in finance. This can be achieved by pursuing short term certification courses in finance. In USA now various such courses are available and can be Local Certifications i.e. Certifications which are offered by local Universities or Bodies and there are certifications that are offered by Global Bodies.


Learning business analytics from a prestigious institute helps:


1.They have international acceptance hence open job opportunities outside USA also.
2.Their content is global and so the students pursuing these certifications are assured that they are learning the latest and best international practices on pursuing these certifications.
3.They are offered jobs by organizations that have Global Presence and hence have more reputation among Multi National Organizations.
4.Many of the certifications have both the global content as well as some local USA  content giving best of both worlds to the students.


With the increased specialization and even super specialization of the finance profession and evolution of financial markets and the field of business analytics there is a need for greater skills in your chosen area. How useful a certification is to its holder and his or her employer depends upon one’s area of focus and the rigor and scope of the certification.
The Certifications Courses in Finance Mba can be grouped into two divisions on the basis of their focus area.
http://mba.utk.edu/program-basics/finance.asp

1.Personal Finance or Retail Finance
2.Corporate Finance or Institutional Finance

Personal Finance or Retail Finance: As the name suggests these certifications enable the students to deal with financial matters of the Individuals. Proponents of this type argues that there are more individuals then corporates so getting jobs in personal finance is easier than corporate finance as one the number of jobs are more and secondly the entry requirements are not very strict.

If you are an average student not belonging to the top percentile in IQ then go for certification in personal finance not corporate finance. The skill that you must be good at to succeed here apart from the technical skills is excellent people skills.

Corporate Finance or Institutional Services: With corporate finance or institutional services, the client is an institution such as a company or endowment/ pension fund. Analysts in this sphere of professional practice focus on big-picture issues of security selection, investment policy, performance measurement and risk management. These areas have been and continue to be the traditional preserve of the CFA Charter holder globally and the Chartered Accountant in USA.
To know what certification is most suitable for a Individual, the professional needs to understand what he or she does or is aspiring to do. Often, the right Business Analytics Mba helps to close the skill gap and can lead to career and salary advancement.


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