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Top 2 Benefits Of Choosing A Finance Mba Program

One of the most popularly preferred MBA specializations is finance. Large finance companies recruit professionals and pay them a good salary in spite of the ongoing financial slowdown. Go through this year’s placement records of business schools and you will find that most number of students have been recruited in the banking and finance sector. Finance MBA graduates definitely have a bright future with organizations focusing on their financial management and resources to insulate themselves from any future economic crisis.

In order to prepare students to head finance departments of companies, finance MBA programs train them in different subjects such as international finance, budgeting, costing, corporate finance, securities and investments and working capital management. As you complete your finance MBA program, various career options open up in leading finance companies, non-banking finance companies and banks. Prominent brokerage firms are always on the lookout for bright finance graduates to work as securities analyst or to deal with foreign currency transactions. You also have a good scope in the field of auditing.

Here are 2 benefits of choosing finance MBA programs –

1.Pursue an MBA program specializing in finance from a prominent business school and work diligently during the program and your future is definitely bright. You have a great probability of getting a good job in your campus placement. If you have work experience, strong academic and extracurricular activities, you can expect to be in demand among top-notch companies.

2.Finance career is an ideal choice as the MBA program prepares you for different paths such as management of non-financial and financial institutions, security brokerage and investments, general managerial positions and financial investment analysis. Equipped with an MBA finance degree, you are open to a diverse range of career options that include –

*Corporate banking

*Corporate finance

*Asset management

*Derivatives structuring

*Credit risk management

*Treasury

*Private equity

*Hedge fund management.

Enroll in an on-campus or online MBA finance program and you will learn everything that is vital to an enterprise such as banking, economics, accounting and market structure. Your options are diverse as every company roots its ideas on its financial management.

As a finance graduate you can thus enjoy many benefits that include higher salary packages, comfortable bank or office work environment and varied career path options. Remember however that in order to specialize in finance, you must have certain basic qualities such as quantitative aptitude, analytical reasoning skills, interpersonal skills, problem solving capability, proficiency in computer usage and decision making skills. You must be adept at paying attention to details, be comfortable with numbers and with heavy documentation.

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An Introduction of Financial Management Book of SMU MBA

A well known university SMU is most famous for health and medical. Now, it is famous for distance education also. In the recent days, it has been known for distance MBA very promptly. The university provides own written books for its MBA education. There is an introduction of financial management book.

There are 15 chapters in the book. The book deals the management problems and financial resources in business firms. Financial management is known as basic managerial actions relating to the three major decision areas such as investment, financing and dividends and working capital management.

The book comprises 15 units:

1.Financial Management – the chapter explains the meaning, scope and examines the goal of corporate financial management.
2.Financial Planning – the chapter explains the meaning and need of financial planning.
3.Time Value of Money – the chapter introduces about time value of money and discounting of cashflows.
4.Valuation of Bonds and Shares – in this chapter writer explains about the valuations of bound’s principles and equity shares.
5.Cost of Capital – this unit describes the concept of cost of capital.
6.Leverage – it is one of the most important chapters in the financial management which deals financial and combined leverage.
7.Capital Structure – in this chapter many theories of capital structure has been introduced.
8.Capital Budgeting – the chapter explains the meaning, significance of capital budgeting decisions and about various investments of appraisal techniques. 9.Risk Analysis in Capital Budgeting – there has been introduced risk in capital budgeting decisions.
10.Capital Rationing – it examines the steps which involved in capital rationing process.
11.Working Capital Management – there are various concepts of working capital and factors that influence the working capital requirements in a firm. 12.Cash Management – this is the most important component of working capital.
13.Inventory Management – the unit describes about various forms of inventory management.
14.Receivables Management – cost of maintaining receivables, formulation of credit policy and determination of an optimal credit period has been discussed in the chapter.
15.Dividend Decision – basically, the chapter deals about payment of shareholders.

These are the brief description of financial management book of SMU MBA. A student can find more about these chapters in the book of Financial Management.

Chief Financial Officer An Overview

A company’s Chief Financial Officer (CFO) is a C-level executive, who manages all issues of the company’s business that concerns finance. They are responsible for financial planning, record keeping and reporting financials to the higher management. Most CFO’s are professionally qualified accountants but most companies these days hire people with Master of Business Administration (MBA) degrees. Alternatively, CFOs may also be denoted as the treasurer, the finance director or the financial director. They are an essential part of a business no matter how large or small it may be.

A Chief Financial Officer handles the inflow and outflow of cash and creates reports about the same. In most companies they are also responsible for handling the payroll of the employees. The CFO usually shares an equal status as that compared to the Chief Executive Officer (CEO) of the company. Some companies have the same individual acting as the CFO and the CEO at the same time. Although, in this case, the C-level executive officer does not have the sole financial responsibility, instead he has subordinates working under him who are professional financial accountants. In countries like the United States, it is illegal to practice both these C-level executive positions by one individual. However, that have less than 5 employees do not really have to hire a separate CFO and the owner of the business himself along with his partners, if any, can take over the financial responsibilities, apart from running the business, owing to the absence of a board.

In businesses that are small scale, or in charities, a CFO is expected to make a financial report for every corporate meeting. They are also responsible to pay the employees and file company’s taxes every year. The record of the money spent and the money received that is maintained by the Chief Financial Officer, is to be presented as per requirement, in publicly held corporations. These reports have to be duly presented to the public and/or shareholders as per request. They have to handle checkbooks and keep records of the same. Mathematical skills are an obvious pre-requisite. Along with a financial accountant degree when they also have a MBA degree, they are highly valued in the market and preferred by most companies. They are also known for making recommendations regarding ways and means to increase the company income.

On the contrary, in larger companies, the title of a CFO is generally honorary by nature. They do not take care of all the responsibilities instead bestow an equal share of financial assignments onto their subordinates who are professional and experienced accountants themselves. The Chief Financial Officer, in such cases, manages his/her team and guides them towards maximizing profits. They analyze their team closely and make sure to get their work efficiently done at lower costs. The CFO in larger businesses is ultimately the one that manages the payroll and the income stated on tax returns. Therefore, even if the subordinates manage most of the financial issues, it finally reaches the Chief Financial Officer for further scrutiny and a check for accuracy. In extremely large businesses, more financial officers, thus making the job more convenient for the CFO, again do the accuracy check. Being the C-level officer that they are, they have the right to vote on matters of interest to the company. A Chief Financial Officer is a member of the board and attends all board meetings.

How To Reduce Debt

When you get into trouble overspending on your credit cards, it may be time to work on reducing your debt levels. Here are some guidelines to reduce debt and bring it to manageable levels.

Budgeting
Budgeting is the best weapon in a creditor arsenal. If your debts are higher than what you earn, chances are, you will be denied for further credit. Get your debt at acceptable levels to qualify for when you apply for a credit card.

Debt to Income
Once you study the debt to income ratio, you will know just how important it is to your debt picture. The debt ratio is the amount of money needed to repay your debt each month and divide it by your take home salary.

Pay yourself first
Paying yourself first is very important to financial success. No matter what, sock away a few hundred dollars in a savings account each month. You and your future are equally important than the money you may be blowing away. It will also help you in times of emergencies.

Snowball the credit cards
When your credit card payment is due, pay more than just the minimum. If you have just received a refund from Uncle Sam, use the refund to pay off your debts and start squeaky clean. So squeeze more than you can each month and work towards paying off your credit cards.

Financial knowledge
Understanding your credit and debt is no rocket science. You do not need an MBA from Harvard for basics like budgeting and debt management. Besides, plenty of resources are available on the internet to help you get started. Do a thorough study on how to reduce debt and work hard towards eliminating debt permanently. Once you pick up the pebbles of financial wisdom, you will soon be able to reduce or eliminate debt and bring your finances under control.

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Banking Graduate Schemes & Internships The New Way

To secure a Graduate Role Or Internship In Banking And Finance Right Now, you will need to be at doing things differently to everybody else.

Right now, I see so much opportunity, in fact, unparalleled in comparison, but with as much frustration from people that are still doing things with old strategies.

I would like to give you an insight into offer attracting strategy.

I’ve been testing over the last few months on some of my private clients.

I think it is worth defining a strategy right now.

I’ve titled this article deliberately because words are powerful things and the way that you word things, especially on your CV’s, the way that you describe yourself at interview and in applications can be the difference between success and failure in Banking Graduate Schemes and Internships.

I’ve called this article ‘The art of offer attracting in banking and finance’ deliberately because offer attraction is the new way to secure careers in banking and finance.

Application is the old way.

Application is an old strategy, which is growing less and less effective. I’d like you to know that whatever result you are achieving in any aspect of your life right now, it is a function of two things.

One, your beliefs, and that’s not what this article is about.

Two is your strategy.

What I mean by strategy is that every single outcome and result you currently have, has a step by step set of actions that one can take in order to achieve the same result.

Many people don’t think of results like this, but for example, having a great relationship is a strategy.

There’s a step by step set of actions that one must take in order to have a great relationship

Being happy is a strategy.

That’s physiological and psychological states that one can tap into at any time.

Also, getting rejected from Banking and Finance Graduate Schemes is a strategy.

Wealth is definitely a strategy.

Wealth is a step by step set of actions that one can take in order to have complete abundance or complete scarcity, and a lot of people struggle with this one as well.

So what I would like for you to know is that anything that has been achieved is as a result of somebody’s strategy and you can compress decades into hours, minutes in some cases, by just finding those that have achieved the result you want and getting into the in-depths of the psychological and strategic strategy that they’re following.

Right now, people are receiving multiple offers in banking and finance as a result of the psychological and strategic strategy that they’re following. The goal of this article is to make you think what the exact strategy is that you are using.

And could this be the reason you may not be securing your ideal career in Banking and Finance, rather than just the tough market?

Have it be known, if your strategy is to distinguish yourself by achieving high academic results, doing an MBA and a Masters and then applying online for graduate schemes, you are doing things the old way, like the other tens of thousands of students and graduates experiencing hard times right now.

I would like to show you a new way, one that gets results right now…

Simon Dixon