2020 comprises of an economically advanced society with a contemporary business world. Students interested in pursuing a career in finance need to grasp the knowledge, skills, and tools of analysis for synchronizing with the subsequent business dynamics. They have to carve out a niche for themselves to achieve success in their professional careers.
Read ahead to learn more about the scope of a master’s degree in finance:
- Financial Risk Manager: The experts in this domain formalize the process of risk management by making strategic business decisions and enable the process of risk management. They make recommendations to reduce risk with an insurance marketing strategy and work with traders to calculate the risk associated with specific transactions. They liaise with underwriters to forecast and monitor market trends by considering the proposed business decisions and research to assess the severity of the risk.
- Finance director: They provide financial guidance to improve performance by implementing strategic policies. They file regulatory and legal documentation by monitoring compliance with laws and regulations to manage the company’s liquidity and sources of credit. They coordinate with corporate finance, taxation, debt, acquisitions, and equity for motivating, directing, and controlling fair appraisals.
- Business analyst: The professionals in this job role identify the loopholes in the process by analyzing the structure of a business. They oversee the implementation of new technology and formulate ways to improve the business based on their extensive research. They persuade stakeholders to organize different workshops and training sessions to educate the staff.
- Accountant: A career as an accountant is also an interesting option for many commerce graduates. Accountants analyze and research the accounting data to provide financial information for preparing reports by following internal controls. They compile liability, asset, capital account entries, and document the financial transactions.
- Audit partner: Audit partners develop relationships to ensure business growth by planning and managing audit procedures ensuring the timely completion of projects. They keep on updating the company policies, standards, and regulations while managing expenses and staffing to increase the revenue.
- Customer relations managers: The role of a customer relations manager is to oversee the relationship with customers by keeping them updated on the latest products and resolving their complaints efficiently to increase the sales and to expand the customer base. They conduct business reviews using CRM programs to understand the key customer’s individual needs and address them promptly.
- E-commerce trade analysts: E-commerce analysts evaluate the accomplishments of an organization's online presence. They report changes by analyzing customer reviews, online sales, and rankings to make well-informed advertising decisions.
- Logistics managers: Logistics managers are involved in planning and managing transportation, logistics, customer services, and warehouses to check whether they comply with the laws and regulations. They liaise with fraud detection managers and negotiate with manufacturers, retailers, suppliers, and consumers to meet productivity, cost, timeliness targets, and accuracy.
- Sustainability professional: They develop business cases strategically to address sustainability issues by leveraging senior-level support and commitment to integrate sustainable development procedures into the decision-making process. They implement communication strategies to publicize the company’s sustainability effort to stay in the limelight.
- Financial Analyst: A financial analyst develops financial models, initiatives, and policies to provide a financial forecast that may improve financial growth. They identify the trends by consulting the management team to develop long-term commercial plans.
- E-commerce consultants: E-commerce consultants develop an online marketing strategy in collaboration with the IT department to establish site analytics. They supervise e-commerce marketing teams and create graphs to track product sales and monitor the development of tailored marketing campaigns.
For a comprehensive understanding of contemporary business practices across all domains, students can choose a master’s program in finance to enhance their prospective career options. Masters in finance Singapore is also a good option for students who are planning to study abroad. It would train them to have a critical thinking ability for interpreting the information to analyze changes for making informed decisions.
