The indispensable need to gain some new skills and knowledge are contributing to the major shift of interest of aspirants towards short term courses in finance. Some fresh graduates look fr such courses so that they can easily put forth their inclination and interest for the subject in an interview. At the same time, the working professionals who may have already spent years in the industry feel the need of taking up such part time or short term courses in finance to be at par with the new concepts, terms and technologies and also to enhance their scope of work.
Most of the top MBA college offer similar courses designed to meet the demands and challenges of the industry. International College of Financial Planning (ICoFP) offers one year diploma in financial planning and financial analysis for the executives. They give the advantage of exposure to their students along with an excellent team of professors who impart the new ideas and implement latest practices related to the subject knowledge.
The students at such top MBA colleges such as ICoFP get sponsored by large companies and retail houses for doing these courses. They initiate their own professionals also to pursue these courses as it helps to assemble the skills required to meet the challenges and developments in the industry.
Why should one opt for a short term course in finance when a full term degree is available?
There are many confusions among the students who feel stuck amidst a two year degree and short term course. They have a doubt about the utility of the course. For them, there are three reasons that will help on deciding whether which one of these courses will suit their career more:
– Short term courses save your time if you are already working. The emphasis will not be on the number classes to be attended but on the knowledge gained.
– It is more of a practical learning and what you learn is what you apply at your workplace every day. You can study whenever you get time i.e. at home or at your own work desk.
– having an additional degree will give you a competitive advantage over your peer group. If everyone at the same designation is having the same set of skills then often there is no visible choice with the management to consider any name for promotion easily. But with this additional skill on your portfolio there are 100% chances of an improved scope of work.
What skills do these short term courses impart?
The top MBA colleges that offer these courses frame a curriculum to determine the skills and objectives they want to impart to their students who pass out of these courses. ICFP has determined some of the following major objectives:
- To determine capital structure of an organization: – while assessing the capital structure of an organization, the client is the main objective that considers short and long term debt equity ratio.
- To determine the capital requirements:- the professionals have to assess the capital requirements taking into consideration the risk factors such as value of assets (current and fixed), promotional expenses, future budgeting etc.
- To frame the financial policies:- the lending and borrowing of cash, all other kind of cash inflows and outflows, requirement of financial resources etc. are a vital part of consideration while coming up with the financial policies for a company.
After completing these courses, the students get adequate exposure to finance as a subject and wealth management thereby. The companies look for talented professionals and hire them for good pay packages. This is one reason that why these short term courses in finance are gaining a momentum year by year.