Question

After reading the syllabus and perusing the topics to be covered, how do you think that you might use the knowledge learned in this course in your career or personal life?

Answer 1

Principles of Finance can be used in career as well as in personal life:

.1 Use in career:

·         The knowledge of finance can be used in career in corporate finance where the responsibility will be sourcing and managing finance to maximise the value of the company.

·         Commercial and investment banking: The functions include managing bank branches, evaluation of projects for loans issuance of corporate securities etc

·         Hedge funds: Managing private investment funds, financial analysis, compliance etc

·         Financial planning consultants: Advising individual on financial planning to meet their financial goals

·         Insurance

·         Public Accounting

·         Auditing

.2 Use in Personal Life

·         Planning for personal finance to meet personal goals

·         Personal Tax planning

·         Deciding on the investment to optimise return

·         Retirement planning

·         Deciding on various financial options for purchase of assets like cars or home