Importance of Financial Management Degrees
At present, nearly all government or private organizations have at least one financial manager to guide investment activities, manage the groundwork of financial reports and develop and carry out cash-management schemes</a>. These days, every organization, whether big or small has financial managers, and they hold a key and responsible position.
Although, responsibilities of a financial manager vary according to the position, but some of the common work includes preparing reports that are generally required by regulatory authorities. They also play important role in managing the preparation of financial reports, such as balance sheets, income statements and analyses of future earnings or expenditures. All these describe and determine the organization’s financial position. In many firms, financial managers are the key personnel who administer the accounting and budget departments.
Financial managers also called as financial consultants or personal financial advisors use their knowledge of investments, tax laws, insurance and real estate to recommend financial options to individuals based on their short-term and long-term goals. Considering the work responsibilities and expectations of employers every firm looks for a skillful employee who can direct their business to the right path. Hence, to compete with ever changing requirements of employers getting a degree in financial management is must.
Typically, a career in the financial management needs at least a master’s degree. Courses available in the financial management in the United States include fundamentals of business law, accounting, management principles, e-commerce, ethics, finances, tax laws and other related topics. These programs help students learn the skills of focusing on different aspects of business like systems integration, business strategies, e-commerce, technology consulting, and human resources. With Master’s degree you can have a greater opportunity for promotion and advancement in your career field.
Since, financial managers can be found in every organization, their demand goes higher than any available positions in the market. Moreover, employment growth for financial managers is anticipated to be as fast as the average for all occupations. Apart from this greater demand for highly skilled financial professionals, make the career outlook even more excellent.
In fact, if we study the recent data then by the year 2016 the demand is expected to grow by 13%. Regulatory reforms along with the expansion and globalization of the economy will raise the need for financial expertise and drive job growth. Both the creation of new businesses and growth of established companies will spur demand for financial managers, controller, treasurer/finance officer, credit manager, cash manager, and risk/insurance manager.
Hence, to get into the rush of grabbing a honourable and responsible accounting position the first and foremost thing is to equip yourself with all the skills, which are in high demand in the financial market. For this you need to enroll in a recognized school where you can learn all the techniques of managing finance.
Comments
Comment from bigl895
Time January 15, 2010 at 2:38 pm
You have a few grammatical errors. I've rewritten parts of the letter for you to make it sound more professional.
Second paragraph, first sentence:
* Use "I am" instead of "I'm." It sounds more formal.
* Insert the word "have,"… "but I have been placed on…"
Second paragraph, second sentence:
* Insert the word "have," … "I have spoken"
Third paragraph, first sentence:
I found this past spring semester to be difficult and stressful, because I was taking too many classes and also working.
Fourth paragraph:
… to better manage my time, to always complete my work and to turn in assignments that are up to my professors' standards.
Fifth paragraph:
I have made a list of steps I need to complete in order to be successful. (Make sure you insert a period at the end of the sentence.)
Before your bulleted list, add the sentence: In addition, I will take the following measures:
* Obtain a tutor for the classes I find difficult.
….
* Attend all classes regularly.
Sixth paragraph:
Replace "I'm" with "I am"
Insert a comma after "hard working student"
Finally, add a comma after "Thank you"
Good luck!
Comment from bigl895
Time January 18, 2010 at 3:42 pm
Jerome:
I like what you've done, and I think you've made a really good start. I don't know if you made a couple of typos when you retyped your letter so that we could read it here, or if there are a few little typos and missing words in the letter you're going to send in, but you should take a couple of minutes to reread this, and fix up the handful of minor flaws.
If I can give you one piece of advice, I would recommend that you focus on that 1.9 GPA of yours, and how close that is to the minimum required GPA of 2.0. I think that's the main thing you have going for you in your appeal, and right now, your appeal is more focused on "I'm a good guy, so give me another chance."
The difference between a 1.9 and a 2.0 is pretty much one really crappy test grade. If you had received just one more "B" or a couple of more C's, you wouldn't be dealing with this academic probation issue right now. I think you should devote a paragraph in there to describing a specific class that you know you could have and should have done better in.
A couple of things to keep in mind:
1. Your school is permitted to reconsider their determination that you weren't making satisfactory academic progress, so you can possibly succeed here.
2. One obstacle that you're really up against is that academic probation shouldn't be a surprise – schools only assess academic progress once a year – and the requirements state that you must have a 2.0 or better at the conclusion of your SECOND year, so this is looking like an ongoing issue for you, and not a one-bad-semester kind of deal. That makes your appeal a little bit more difficult, because the school most probably believes that you have had plenty of time to "get religion" when it comes to your performance, and they'll be somewhat skeptical that you're suddenly a born-again scholar.
Anyway – it's a nice letter – fix the typos and a missing word or two, and think about making the argument that a 1.9 is pretty darned close to a 2.0 a little more boldly in the letter.
Good luck to you!
Comment from bigl895
Time January 15, 2010 at 1:40 pm