Tag Archives: reasons

Finance

10 Reasons To Study To Work In Finance

Careers take twists and turns along the way, such that there are times when a couple of career shifts are done. According to some career specialists, there are only very few careers which are exactly black and white. As such, grabbing careers which offer a clear direction is one of the most practical things to do.

Finance is a career option which offers a clear direction and a lot of options. Nobody would certainly say no to a clear career direction. Therefore, finance is a good career option to pursue. Here 10 ten reasons to work in finance.

1. Vast job opportunities. A strong employment growth for finance related jobs is predicted by the US Bureau of Labor Statistics because of the increase in the need for financial transaction scrutiny, as well as the changing financial legislation.

2. Bright career path. A finance career in one of the most-focused careers which provide a clear career path. With this career, getting into a job right after graduation is not surprising. With the great amount of entry options, it will be no time at all before you start on a job.

3. Great compensation package. Finance jobs are undeniably one of the highest paid white collar jobs. Depending on the type of finance practice, the compensation is way above what most other career options offer.

4. Job comes with prestige. A finance job includes working with a company in raising money for continuous operation. This job description is prestigious in the sense that not everybody is given the chance to do this job.

5. Tasks are challenging. With a finance job, you are definitely challenged everyday with the various responsibilities that are very crucial to the company’s welfare.

6. Provides continuous learning. Learning never stops with finance jobs. Every day is a new day to learn new things.

7. Takes you places. If you work for a government branch, or a private company as a finance officer or manager, you will be given the chance to go places for trainings, workshops, or simply for work.

8. Competitive. With the number of finance job vacancies and the amount of finance graduates, there is no room for slack. Since the competition is stiff, you need to be in constant updates of knowledge and skills.

9. Opportunities are long term. Unlike other careers which seem to be in demand for a certain time, finance careers are long term. For as long as companies, industries, business, and the government exist, there would always be job opportunities for finance.

10. Highly demanded. Since finance jobs are important in any company, business, or government; these jobs are deemed indispensable. As such, demands for finance jobs increases over time with industrialization and commercialization.

There are a lot of options for a career in finance including Interim Finance Jobs and Accountancy Jobs.

Banking

4 Reasons To Choose Local Banking Over National Banks

There are traditionally two different types of banks to choose from. Instead of choosing a national bank that has locations all around the country, a neighborhood bank can provide you the same services. Many reasons exist for opting for local banking, which is why you need to be careful about getting the advertising of what a national bank offers.

1. Local banks provide better loans. When you’re trying to get a loan, you may find it easier to obtain one through a neighborhood bank as opposed to a national bank. The reason for this is because they understand the challenges of local businesses and residents.

2. Interest rates are better. When you’re looking for a high rate for your savings account, checking account or even a CD, you may find that the rates are higher when you bank locally. Local banks often don’t spend a lot of money on advertising. Instead, they use that money to pay higher rates to their customers.

3. Customer service is friendlier. National banks have countless clients. It’s impossible for the bank to know who you are. As a result, you become just a number. A neighborhood bank will be able to get to know you and your family and bend the rules easier.

A local bank does not have corporate headquarters to answer to. The benefit is that they aren’t as strict with their policies and procedures, which is often to your advantage. This means that you will get more customized service when you talk to anyone at the bank about any financial concerns you have. Many will take the time to sit down and talk to you like a real person instead of treating you like another account number.

4. Fees are lower. The neighborhood banking centers have lower fees on checking accounts. This includes fees on transactions, use of a debit card and even with checks. They must do this in order to compete with the other banks effectively. As a result, many customers would rather save money on a day to day basis with their bank than having a bank branch in every city of the country.

When you are looking for a new bank to do business with, there are options out there for you to consider. While a national bank does a lot of advertising, it isn’t always the best route to take. There are a number of reasons why it is better to choose local banking over national banking. The customer service alone can be worth it. However, the better interest rates, better loans and better fees certainly don’t hurt, either.

 

Julian Bradshaw wanted to find a Colorado bank that had everything he needs including free checking, mobile banking and more. Guaranty Bank and Trust Company is the place to go for personal and business banking in Colorado.

Finance

5 reasons why SMEs benefit from Invoice Finance

Running a small or medium-sized business can often involve a difficult balancing act. Unlike larger corporations, you probably won’t have the luxury of a dedicated financial department, leaving you with the burden of chasing up customer debts, managing your employee wages and numerous other concerns that take precious time and resources away from the front-line management of your business.

invoice factoring is a process by which invoices for payment for goods or services you provide to your customers are issued as payable to a factoring or finance company. An agreed percentage advance against the invoice total is then made payable to you straight away by the finance company, who will collect customer debts and pay you the balance minus an agreed service charge.

There are numerous advantages for SMEs, particularly in a challenging economic climate where smooth cash-flow is more crucial than ever.

– Release cash quickly – Most reputable invoice finance companies can provide you with 90% of the sales value of your invoices within 24-72 hours. This means you’re not left waiting around for individual invoices to trickle in, leaving you with the funds you need to successfully develop your business.

– Free up your time – With an Invoice finance company chasing up your customer debts on your behalf, you have more time to focus on the front-line management of your business.

– Reduce administration overheads – By simplifying your financial incomings and outgoings, Invoice Factoring allows you to cut back on the time and resources needed to administrate the financial management of your company, saving you money and allowing you to run your company more effectively.

– An alternative to a traditional bank loan – Invoice Finance isn’t the same as taking out an overdraft or a business loan. Your credit lines automatically grow with your business, without the need for you to negotiate new terms.

– Develop your business – Many companies who use invoice factoring services see a significant increase in their turnover. A major invoice finance company should be well placed to release more funds to you as your company grows.

Whether your annual turnover is £500,000 or £50 million, a reputable invoice finance company could have a major impact on the success of your company. Make sure you do your research though, and only put your trust in a fully accredited, trustworthy brand name. It could be the best decision you ever make for your business.

Hitachi Capital Invoice Finance is a division of Hitachi Capital (UK) PLC, part of Hitachi Ltd, one of the most respected business finance groups. Based in Telford and Goring, it is one of the fastest growing companies; providing confidential invoice discounting and reputable and reliable invoice factoring for small to medium sized businesses through to corporate multi-nationals.

Finance

Finance is a hot choice of candidates for many reasons

What makes finance a hot choice for the candidates who appear for the MBA exams? This is a question which can have many answers but the basic motive behind each of these reasons is that the having the in-depth knowledge of the money-matters can make it easy for you to manage things in a better way. By doing a course in finance, the people can easily find the avenues from where they can raise the capital, learn how to manage the same and then turn the business into a profit-making entity.

You might ask that you have the chartered accountants who can do the same for you. While it is true the chartered accountants have for long been handling the finance matters of the people, it is wrong to assume that they are efficient in dealing with the finances as well. The accountants are mainly concerned with the upkeep of the books of accounts and filing for the various taxation and regulatory documents. They are not the experts in finance and their domain of work does not cover some of the highly specialized areas of finance. Therefore, there is a need for the people of core finance who can determine the financing needs of the organization and are also able to raise the same. The Finance courses enables the person to gain this vital knowledge and insight into matters pertaining to finance.

For doing a course in finance, there are a number of options for the people, both in terms of the number of institutes providing the same and also in terms of the number of courses. There are the government colleges or institutes providing the Masters in Finance degree. Also, there are the private, AICTE recognized institutes which provide the diplomas in finance. Then, there is a third group of institutes as well which are neither recognized by the government nor by the AICTE. These are the private institutes offering the some sort of post-graduate courses in finance. So, there are the different types of institutes and these have varied courses to offer in finance. The range of options is therefore quite varied and this makes it easy to pursue for a number of students. The chartered accountancy course is more regulated and centralized with a well defined program of course.

The international courses in Finance can also be had at some of the institutes providing the same. Some of the international courses, like the CFA, provide good job opportunities anywhere in the world. These too are nowadays available in the country and the same can be pursued while being in India.

Candidates take to a course in finance for many reasons. This could be the sheer interest in playing with the numbers. Or, it can even be the bright career prospect with hefty pay packages which are offered to the finance grads. Some courses like the CFA can open up the avenues of taking jobs in other countries. Some might even want to do the same in order to manage their own finances better.

ISBF has been established to impart quality education with international recognition in the area of Economics, CFP, Management and Masters in Finance.

Visit us at: http://www.isbf.edu.in/ for more info on MBA Education, CFA and CFP courses.