Business Finance Training

Business finance training is an absolute requirement in the 21st century for anyone seeking positions of responsibility in a corporate setting, or perhaps as a business manager in a small to mid range company. The economic landscape can easily be likened to volcanic activity, and knowing all the signs and pre-eruption signals can help a business avoid disastrous results. Effective finance training can provide a man or woman who enjoys the intricacies of financial dealings the opportunity to help shape a company's future growth and prosperity. Of course the keyword is effective and that becomes the linchpin on which the success may turn. Consider what doors financial training can open.

The opportunities available for those with a solid base nurtured in finance can find jobs in accounting firms as well as in the accounting departments of corporate America and as lone accountants doing freelance work or in a small company as the sole bookkeeping/accountant staff person. Business finance training, particularly if it is a part of a Bachelors or Masters Degree can lead to positions in commercial banking and investment banking. This training can also provide the launching pad for careers in money management, financial planning, and key roles in the insurance industry. And in the business of high finance real estate, the need for those trained in both the legal and the financial aspects of residential and commercial property transactions can find positions that are both lucrative and fulfilling. These positions are often stepping stones to higher and higher positions within companies, but they all begin with the proper training.

Now there are all kinds of possibilities online for business finance training, but a person has to start out with an assessment of goals regarding where one wants to go in life. If one likes to work alone and not be accountable to supervisors, a small accounting business might be the answer, and less formal accounting training might be in order. Similarly, if someone desires to be the business manager of a small business or company, less formal business finance training could certainly provide such a position. If a person desires to make a lot of money and wants to thrive in the world of high finance and high pressure, then a formal education probably from a brick and mortar educational provider would be more suitable. A principle to be kept in mind here would be that the higher a person wants to travel up the ladder, the more important formal business finance training becomes from a school whose diploma is highly respected. The needle's eye, a very small undersized door set in the walls of great ancient cities, was the perfect illustration for Jesus who spoke directly to those who have money as their greatest goal in life. "How hardly shall they that have riches enter the kingdom of God, for it is easier for a camel to go through a needle's eye than for a rich man to enter the kingdom of God." (Luke 18: 24b, 25)

For those not desirous of the very well paid corporate finance positions, the online classes offered by many educational companies can be the answer. Across the Internet, online schools have sprung up offering training in specialized fields of study including business finance training. The quality of the education received varies from provider to provider as much the shapes of clouds in the sky. Most all of these companies selling training online are certified by some accrediting body, but there have been incidents where the company has formulated the accrediting body itself. But if it is only the knowledge of business finance that one desires without the pedigree of the diploma that comes with it, then pick a good, reputable Internet educational provider and immerse yourself in those classes. Do not choose the first school found online and do a lot of comparison shopping before deciding on your education provider. Ask about faculty interaction(you want a lot of that), access to a fine library online, the ability to talk freely with other students taking the same course of study and placement services after the course work is completed.

On the other hand, there are those who do desire the high powered, high stress and high paying positions that are immersed in the world of corporate finance. If that is true, then the business finance training that a person will need will have to come from highly respected colleges and universities that at least started out as brick and mortar schools. Many well known and respected schools do offer a large amount of their finance courses online, but there may be requirements for some on-campus experiences during the Bachelors and Masters Degree pursuits. This means some travel and other related expenses may be required in addition to the expenses of taking the classes online. Getting a four year degree in business finance training will not be inexpensive, even when it is gained online.

Government student loans may be available for many classes taken online, so a person should begin by going to government websites that speak to the qualifications and applications for student loans. Applications for loans can be done right over the Internet and approval can often be made within a few weeks time. Unless a person has spent some time in and around the financial pool, one should not make the decision to jump in until the water has first been tested. If a person is only motivated by money and does not have the natural inclination or aptitude for the minutiae of day to day fiscal rigors, a huge costly mistake can be made. Job shadow and volunteer or intern at places one would like to work before or while training is being received.

Financial Advisor Training

Participants in financial advisor training programs are likely to find a lucrative career with opportunity for continued growth and opportunities. However, the most successful will have some natural abilities and aptitudes as well as specific skills and knowledge. Before entering a financial planner training program, the prospective student may wish to research the many options that are available to determine the right one for his specific circumstances and needs. This is definitely a growing field with tremendous potentials for those with the right combination of skills and education. The baby boomer generation has influenced the culture and economy for decades and will continue to do so as millions are in the process of retiring or planning for retirement. This large demographic needs relevant and timely professional advice, not just for growing and managing assets, but also for the transfer of those assets in properly crafted estate plans. According to the United States Department of Labor Bureau of Vital Statistics, there were approximately 176,000 financial advisors in 2006 with about thirty percent of these being self-employed. The median wage was a little over $66,000. The Bureau's number-crunchers expect the profession to grow by about forty-one percent by 2016 and estimate there will be about 248,000 financial planners by that time.

Those with an aptitude for numbers and good people skills can find financial advisor training programs throughout the country that teach the necessary courses for achieving the industry's certification through the Certified Financial Planner Board. The Board has specific requirements for achieving this recognition. Individuals with the certification have a marketing advantage over colleagues who do not have it. The certified planner can use the designation in the marketing of his services and expertise. The Board requires that individuals have a bachelor's degree, though the specific field is not important. It also requires three years of experience and the passing of a ten-hour comprehensive exam. Finally, the certified individual undergoes a background check and must adhere to a professional code of ethics. Though the Board does not endorse any particular financial planner training program, over three hundred academic programs designed to help students pass the comprehensive exam are available throughout the country. Some of these programs are for credit and others are not. Though many are traditional programs held in college classrooms, others are available either as self-study or online courses. These last two options can be especially beneficial for the older, non-traditional student who is working full-time while pursuing the needed education for taking the exam. In addition, some large investment firms offer financial advisor training programs which may include mentorship or apprentice-type options. If the individual plans to sell insurance, he will need to know and follow the requirements of his state licensing agency to receive licensure.

Even after achieving experience in the field and certification, individuals will want to pursue financial planner training in the form of workshops and seminars. The successful professional needs to be informed about a multitude of varying economic topics. For example, what changes have been made in the tax code from one year to the next? How have the changing economic conditions of the country affected different investment vehicles? What new investment opportunities are available to clients that will increase the worth of their portfolios? By keeping on top of such valuable information and then presenting it to clients in an easy-to-understand format, the professional can gain an advantage over her competitors. And competition can be fierce -- this is an extremely lucrative field for the best and the brightest and the individual seeking professional success will need to take advantage of every opportunity to showcase her skills, knowledge, and expertise. However, the professional needs to guard against one pitfall: "For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows" (I Timothy 6:10). The wise professional assists clients in being good stewards of the assets that God has given them by encouraging wise investments.

A good financial advisor training program will teach students to help clients both establish and meet short- and long-term monetary goals. The professional will not steer clients toward the investment programs that provide the most return in fees and commissions, but toward the investment opportunities that are most likely to meet the clients' goals. Frequently, these goals include the following desires: to fund the children's college expenses, to plan for an early retirement, or to create an estate plan that legitimately reduces tax expenditures for the heirs. A trained individual may wish to become a specialist in one of these areas and might find that new clients are reached by offering seminars on the specialized topic. Whether a generalist or a specialist, the professional will have learned through appropriate financial planner training how to analyze the clients' goals and what combination of investment vehicles is best suited to reaching those goals. In the analysis, the professional will consider such factors as the amount of money available for investments, the time horizon (how many months or years before the goal needs to be reached), and the level of risk that the particular client is willing to take to reach the goal. Most planners, whether self-employed or working for an investment firm, are expected to build a clientele. With an aptitude for numbers, great interpersonal skills, the certification that proves expertise, and good customer service, an individual can find that helping others with good stewardship can be a fulfilling and rewarding profession.

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