Career Prospects With Certificate Courses In Finance

Career in the end-all of education and most professionals do not have the opportunity to follow the same order. However, if you are already a professional looking forward to enhance your success and opportunities, you could opt for any of the full-time finance courses or choose from part-time certificate courses in finance.

Why finance courses?

Finance is the back-bone of any business and every organization big or small needs finance professionals to ensure that they run smoothly. Finance is the key to business growth and the person that has the best credentials gets the meaty opportunity. Finance courses help you to understand the nuances and the workings of a finance department in a holistic manner thus helping you to choose the right area of expertise or interest.

Finance is one of the top choices for most b-school aspirants today and with demand going up, the opportunities galore also looms large. If you can choose right and get an international certification in finance, you will be beating the crowd hands down.

Prospects

A person who has completed a finance course or a certificate course in finance can look forward to beginning his/her career as an accountant or a trainee. The opportunities available today are mostly in accounting firms, market research, budgeting firms, big corporations and consultancies both government as well as private.

The prospects are not limited to the corporate arena. Finance professionals with credentials and experience are also highly sought after in education as well as in the freelance arena. They can get good opportunities as lecturers or performing assignment based jobs. Prospects in finance are not limited to India, many finance professionals have also emigrated to the west with highly successful careers.
The following could be a few job titles that you can look forward to, once your complete any of the certification courses in finance

Accountant
Chartered Management Accountant
Certified Public Accountant
Chief Financial Officer
Directors (Finance)
Financial Controllers
Finance Managers
Financial Advisors
Head – Accounts
Independent Worker

Of course, what you and up with will depend upon the level of certification and year of hard work you have put into the profession.

How much could you get paid?

Finance is a highly rewarding career and the remunerations are substantial. Although the levels vary according to the experience, you can expect to begin with a salary of INR 120,000 to 150,000 per annum initially.A five year experience can take you to the 360,000 to 420,000 bracket if you work hard and learn. Salary is never the constraint for the right candidate in this field and you can expect bigger bonuses as you grow.

Some of the best finance courses are offered by WLCI [WLC College India Limited] and they come with UK certification [optional]. So, this is the right opportunity to get your credentials right. You can, today opt for an international certification in finance from the comfort of your home or office. Opt for any of their certification courses in finance and get ahead in life.

Cash Buyer – The Good and Bad for Equipment Financing

“I pay for everything in cash, I never finance anything” or “I’ve never had to take out a loan, I don’t believe in it”. Every so often, I encounter this type of feedback from a business owner. The attitude usually goes along with a strong, hands-on work ethic for an owner which has built their business from the ground up. They have worked long hours, suffered through the ups and downs and sacrificed family time and vacations to make their business survive. Their belief is, if they cannot pay for something with cash then they do not need it.

I respect the energy and devotion but I also take note that the strategy seems to apply to small, family owned businesses with a small number of employees which have remained flat in their growth and have stopped expanding years ago. Expansion and reaching new markets are not typically part of their business plan and they are happy with a fixed income often servicing the same clientele they have for years.

The downside of never financing anything is the limited amount of expansion which can occur. In essence, they cannot grow beyond what is in their bank account at any moment in time. For example, a small business with $100,000 of capital desires to purchase a new $40,000 machine which will speed up production or bring them into a new market or simply replace an old machine; if they decide to pay cash that will leave them with $60,000 in cash reserves. If they encounter an emergency which requires $30,000 then that will leave them with little cash cushion in their account. They have also limited themselves in the case if another opportunity should surface at the same time they would not be able to take advantage of it like paying early for inventory to get a good discount.

The other negative of never borrowing is that your business will not have any established comparable credit so in the case when you do decide to finance anything, the likelihood of getting approved is marginal. A lender will not be able to assess your ability to pay back debt since you have never had any. Some business owners feel it should be viewed positively that you have never had to borrow but in the finance world it is not a positive. No credit history equals no loan.

The mantra in financing is ‘it is easier to finance equipment than it is money’ which is primarily true. Yes, you can get low cost capital from your bank if you have an established credit line but that line will have a limit. It is not a good move to use your credit line to finance an asset or equipment because that line should be used as either a last emergency resort or for short term borrowing. Finance rates are now in the 4-6% which can be stretched out to 5 years and sometimes longer. Many times, when expanding in a careful and planned manner, the finance payment will be less than the added revenue of your new equipment. This is true of energy and cost efficient industrial machines, solar systems and LED lighting.

Financing equipment for your business offers you the opportunity to expand, create more profit and reach new markets and clients. For those that want to know the benefits of never financing anything it is this; you will never owe anybody anything, no monthly payments, no interest and no chance of borrowing more than you can pay back but in that perceived safety there is also some risk and missed opportunity.

Financial Services Careers And Maslow’s Hierarchy Of Needs

Financial services careers offer some of the most exciting career opportunities for ambitious and innovative people. According the principles set forth in Maslow’s hierarchy of needs, the need for safety is at the foundation.

The role of financial services professionals is by definition to help others deal with the fundamental question, “what will I do if/when” something happens to me, my family, or my business? No other type of career can have as direct an impact on the satisfaction of these all important and often unavoidable aspects of life.

Maslow’s hierarchy of needs illustrates that the top of an individual’s pyramid of needs is self-actualization, being all they can be and more. Helping others, doing good for them and their families, and making money at the same time is considered by some as the very zenith of the pyramid.

Not only do they provide seemingly limitless chances for upward mobility, leading to executive-level positions, but they also offer a competitive compensation structure that proves to outdo many other work fields.

Advancement opportunities that come with these kinds of careers are often most attractive to people who are ambitious, because upward mobility is not based on seniority, but an employee’s individual level of performance.

These sorts of jobs allow many chances for high performing employees that want to move up through a company. And they can also be very pleasing to those that are just beginning in the company.

The structure of many financial firms allows for a fluid movement of ideas and commands between senior management and lower-level employees. In this sense, financial services industry jobs can be satisfying because all employees are able to build an identity within the company, one that is recognized and rewarded by upper-level management.

For potential employees that are looking for a fast-paced work environment, careers in the financial services fields can be the right way to go. While employees are required to think quickly and act even quicker, these types of jobs can be exciting and fast-paced career path.

Though these jobs require a great deal of dedication and focus while on the job, often relying on independent initiative and innovation, the level of rewards are commensurate with the amount of work put into the job.

There are a number of sub-sector fields in financial services careers, including, but not limited to–investment management, securities brokerage, and investment banking. So, there are many opportunities in financial services careers for those that are willing and ready to put in the work and start moving up the management ladder.

Specialization In Finance Is Most Desired Amongst Mba Students!

Specialization in MBA-finance is perhaps the most desired and sought after finance courses in India. More and more aspiring MBA students opt for courses in finance as their first choice. But why choose MBA finance over other fields in business administration? The answer is very simple! The changes in the Indian economic scenario and a rise in the financial sector combined with lucrative opportunities have made finance one of the favourite choices amongst students.

Moreover cutting edge technologies, advanced business strategies and the need to always stay ahead of your competitors have increased the want for business houses to take accurate financial decisions. And with a degree in finance, individuals can help various organizations take important and valuable financial decisions according to market trends. Also, with MBA finance programs, individuals get the chance to enhance their knowledge on financial topics and also increase their chances of better career opportunities.

The demand for finance professionals is not only apparent in India but also in the international market as well. There are various reputed MBA colleges and business schools that offer courses in finance to help students learn the methodology and strategies of the finance and banking sector. Most of these institutes offer a curriculum that focuses primarily on the recent business trends, banking strategies, financial instruments etc and includes extensive practical classes, assignments, case studies and workshops.

Choosing a renowned MBA institute is very important that offers the requisite knowledge and helps students to face the competitive industry with full confidence. Numerous students, on successful completion of these courses have received lucrative offers and joined Indian as well as top international companies. Different courses of finance can help students to land up in the sectors of corporate finance, risk management, insurance sector, Insurance manager etc. The demand for qualified and smart finance professionals can never go out of demand with vast career scope and immense opportunities. Therefore the need for effective and well designed courses in finance is mandatory to churn out intelligent, well read and extremely knowledgeable students who can take the industry by storm.

Expand Your Aquaculture And Mariculture Projects With A Fisheries Finance Program

The FFP or the Fisheries Finance Program is a loan program funded by the government. The Congress has authorized the Fisheries Finance Program to provide long-term goals that are particularly meant for promotion of aquaculture, mariculture, commercial fisheries industries and other eligible projects. Eligible projects include aquaculture and mariculture facilities as well as fisheries shore side facilities. The FFP funds up to 80% of the depreciate cost of the cost of the project. The applicant must necessarily contribute at least 20% of equity to the eligible project at hand.

The FFP is also authorized to finance and refinance prevailing debts for such eligible projects. Additionally, it can also provide finance to applicants to buy or even refinance an already existing fishing vessel. Besides this, it can also finance reconstruction of an existing fishing vessel, provided the reconstruction does not in any way promote the harvesting capacity. However, the FFP cannot fund construction of a new fishing vessel, although it can provide funds to refinance an existing debt on a newly built fishing vessel.

Eligibility Criteria of a Fisheries Finance Program

The FSA (Farm Service Agency) not only provides farm ownership loans to farmers and ranchers, but also funds loans to provide facilities and resources to produce fish in controlled surroundings. An applicant must compulsorily qualify the following, in order to secure a loan under this program:

He must be a US citizen.

Have a satisfactory credit record.

Have ample income to repay his debt.

The net worth and liquidity invested in the eligible project also must be good.

The project must have a collateral security like the personal assets of the borrower.

No recourse against the borrower\’s asset.

He must have a history of owning or managing a fisheries project for a minimum of 3 years.

In other words, an applicant must have the necessary expertise, skills, financial resources, knowledge required to efficiently run the project and repay the debt. These could include the likes of commercial fishermen, processors and distributors of fishery products. An applicant may need to show his financial statement, records and tax returns, in order to establish his financial position.

Terms and Conditions

A loan under the Fisheries Finance Program is granted for a long term. It is a fixed rate loan with interest rates of 2% over the US Treasury cost of funds. The maturity of the loan is up to 25 years. However, it should not surpass the economic useful life of the legible project. It aims to provide direct loan assistance, in order to cover up particular fisheries costs. These direct loans are meant to be used for the purpose of reconstruction or renovation of the fishing vessel, repair and construction of fisheries shore side facilities.

Although the risks associated with the program run high, the primary advantage is a low rate of interest and finance for a long duration of time, which is not generally otherwise available. This consequently makes for, lower annual debt service demand on variable and many a times, good flow of fisheries income also. For further information, you can get in touch with your regional financial services branch to discuss the proposal. If the project satisfies the requirements of the program, an application form has to be submitted along with a fee equal to half of 1% of the proposed amount of loan.