Personal Finance, Loans & Insurance

The specialised study of finance becomes imperative when you have to manage the multifarious activities and are responsible for smooth functioning of the organisation as a whole, for now and in future as well. Out of the five key functional areas of any organisation- production, marketing, finance, human resource development and information technology, it is the finance function which is of leading importance since all other functions can come to naught in the absence of finance.

It is for this reason that finance professionals coming from reputed institutes and having done professional courses in finance are always the most sought after. In India, a number of post-graduate courses in finance are available. These are Masters in Finance Degree, Diploma in Finance and Certified Financial Analysts (CFA). You shall make a very clear choice of these finance courses.

CFA Vs CA : Before the CFA course became widely recognised as dealing in core finance in India, it were the chartered accountants (CAs) who have been handling matters of finance as well. But, the essential difference lies in the fact the CAs are expert in accounting and bookkeeping whereas the CFA professional deals in a range of financial management activities like equities, risk, portfolio, insurance, financial markets and many others. CAs have limited knowledge of finance whereas CFAs have specialised knowledge of the same. The CFA course is widely recognised world over by the financial institutions and provides equally good career prospects.

CFA VS Masters in Finance (MF): Though both these courses deal in finance, there is a difference between their levels of acceptance, course curriculum and certifications. Those who are looking for the ‘Degree’ in Finance from a university recognised by UGC, ideally opt for MF. If ‘degree’ does not matter and you are looking to private sector jobs, CFA is equally well accepted qualification there. The CFA is considered to be tougher in quality of education than the MF.

CFA Vs Diploma in Finance : Diplomas in Finance are offered by those educational institutes who are recognised by the AICTE. These are not the Degree courses offered by the University affiliated colleges. Financial courses are offered by top management institutes in the country.

What does the CFA equip you with? : After doing the CFA, you would be able to know how to manage wealth and investments. You will gain specialised knowledge of how to do equity valuation, how to manage risk and do insurance planning, how to create a profitable and optimal portfolio of investments and manage the same, learn about project and international finance, corporate restructuring involving mergers and acquisitions, tax and estate planning and much more. No doubt, it takes you to a much higher level of finance education and a far more rewarding international career.

Where all you can make a career? : CFAs are highly in demand in core finance sectors like mutual funds, stock markets, brokerage firms, portfolio management companies, equity planning, insurance sector, foreign exchange and risk management companies, commodities exchanges and in many other companies and institutions.

High position in any field means a lot of responsibility, leadership quality, managerial intellect and strategic skills. During the entire course of MBA, you are well rehearsed with each of these qualities. That’s the reason that you come in high demand once you have a MBA degree in your hand.

Benefits of MBA

Though there are a lot many business courses available all over India but, doing MBA in finance can be beneficial in many ways. Want to know how, just have a look below:

Advancing Career – It helps you to understand business and finance terms to deal with people and how to react with in organization.

Developing your business expertise – An MBA is a very versatile degree and it gives you business knowledge and adds value to your finance dealing expertise.

Starting your own Business – Once you have MBA degree you got the sense how to run business and such habit helps you to open your own business. You can get success in your business and you can provide employment too.

Salary Hikes – The growth hikes a lot in every sector per year. So, even you get a hike on your salary in every six months or a year as per the company’s norms.

Career growth in MBA in finance – Students who have MBA degree in finance can make their career in finance sector and can hold these positions -

- Risk and Insurance Managers
– Management Consultants
– Investment Bankers
– Chief Financial Officers
– Treasurers and Finance Officers
– Cash Managers
– Financial Managers or Financial Analysts
– Accounting Managers
– Corporate Controllers
– Investment Sales Associates and Traders
– Credit Managers and Specialists
– Investment Banking Associates

MBA has a lot of scope and course so, you are not left with a limited choice for this. You can choice any area of your interest whenever you are doing MBA. Let’s take MBA in finance for instance! A lucrative field to go with, well- paid career and money- spinning benefits, all these can be easily associate with this very degree.

Once you get a career in financial sector after doing MBA in finance, you can easily approach the top notch companies and get a desirable career growth in the respective field. Believe it or not, you can even earn a minimum amount of 6 lacs per annum, just within the initial years of your career.

Making a complete career change, whatever the reason, is a really big undertaking that can have huge ramifications in your life if you don’t take the time to think things through. Jumping too quickly can result in more uncertainty in your life than you’re feeling right now, so it’s important to avoid making a few common mistakes.

First, have a plan. Without one, you could end up adrift.

Consider the following aspects: – Strategies – Finances – Research – Education & Training

Without a plan, you might take the first job offer that comes along, whether it is a good fit for you or not. Don’t make the mistake of confusing disliking your last job with disliking your career choice. Take the time to analyze whether it is the job, another employee, or your boss that is making you consider a complete change, or whether it’s the career, the skills necessary to do the job, or the work that you dislike.

The same goes with if you were feeling bored; think about whether it is career choice, the boss or the job itself. If you have honestly answered these questions and have decided that a complete change is what you need then you will need an achievable plan for finding that new career.

Many people make career changes based solely on the prospect of making more money or because of better benefits. This, too, can be a mistake. Certain career fields are very alluring but be careful of switching careers because of the dollar signs. Remember the research! A new venture that’s hot today could be gone tomorrow, so dig deeper if this is the only reason you want a change.

Discuss your new ideas with friends and family members. Any networking is good. Sell yourself where-ever you are and feel confident in the knowledge that you have something worthwhile and of value to offer someone and that they will be very lucky to employ you. A positive attitude has huge pulling power to anyone on the lookout for staff, business partners or even someone to invest in.

Do some self-reflecting and assessment. Consider what you would really like to do and what you really would not. Keep it real. There is nothing wrong with stretching your boundaries. Keep things real and achievable though. If you still feel confident then stay enthused and feel proud to have a go i.e. Consider your present financial situation, family, career openings and opportunities.

Spread your net as wide as possible. Your family and friends have contacts. Shout it from the roof tops! Tell the people in the petrol station, in the take away, at the newsagents and corner shop. tell everyone at the gym, the hairdresser. This is the way of the world. Don’t keep it a secret!

Deciding what job to pursue after college entails more brain cells that most activities. Unlike deciding on what car to buy or what clothes to wear, one must give the decision its due because it will effect your happiness and quality of life for the next three to four decades.

Most people believe that a career in travel nursing is stuff that dreams are made of. For those currently following this career path… most of those who have experienced this lifestyle agree that it is a great way to make a living but there are a few who argue and refute this. But all agree that it’s entirely up to you whether your career in travel nursing becomes to a dream come true.

How do you start on a career in travel nursing?

Let’s divide the answer into two parts: travel and nursing. We’ll tackle the latter first. To be able to pursue a career in travel nursing, you must of course be equipped with a creditable nursing degree. Now some may possess one-year-diplomas and call themselves professionals but unfortunately for them, not all hospital or healthcare employers accept that as enough credentials. If you only have a vocational degree tucked under your belt, then perhaps you’d rather pursue a career in care giving rather than travel nursing. Caregivers, after all, still get to travel across the globe. It all comes down to the skills.

The second half of a Travel Nursing career is the traveling. So you’re the proud holder of a nursing degree and you’re duly licensed to practice nursing. The next step to tackle then is learning how to go about your travels. Most people prefer to seek recruitment agencies for help in this matter. These agencies are ably experienced in assisting people interested in making a fortune in travel nursing. But you must beware! There are several recruitment agencies that may just be a scam to whisk your money away. And remember, using their services means paying some fees and if in some instances the fees are high so be careful and be wary. Ask questions and don’t go with any agency that you don’t feel is being 100% honest with you and if there fees are out of line then find another agency or you can always go it alone.

A few things to consider when traveling are the need of a passport. First, check with the embassy in your country of choice and see if they require a visa. Second, make sure that all your nursing documents, proof that you have graduated from a reputable school and have passed the necessary examinations, are all duly authenticated. A career in travel nursing may mean jumping from one country after another so it would definitely reduce your stress level if all your papers, even your resume, are supported with valid reference documents.

How do you adjust or embark on a life of travel nursing?

Experienced travel nurses provide us with plenty of advice and tips to make sure that first time nurses in this particular career will have an easier transition into the field.

Double-Check Everything

At least three to five days prior to your departure make sure that you haven’t forgotten anything. Make a checklist of all essentials and cross them off the list as you pack them. From documents to the clothes you’ve packed, make sure that everything in your list is accounted for. A career in travel nursing is a demanding job and leaves little room for error so it’s best to start on the right foot.

Research Your Destination(s)

A travel nursing career requires that you to go to different countries meet different people and adjust to different cultures. Researching destinations beforehand will help avoid miscommunication, reduce the possible culture shock and basically just make your experience a whole lot more enjoyable and less stressful.

Ask For An Early Move-in

An early move is suggested by experienced travel nurses because it enables you to relax and breathe a little before embarking on your new travel nursing job. Familiarize yourself with the place and the people. And best of all, enjoy the new sights because one of the major perks of having a career in travel nursing is of course… the travel.

While the compensation and perks are quite exceptional because the Travel Nursing Career is such a high demand, highly sought after position it’s a bit more difficult to secure than most other nursing positions. As a result, most employers are very picky so make sure that you have what it takes. And if you don’t, then improve your skills (education and / or experience) or find another sector of the nursing profession to make your career.