4 reasons to explain why the Australian economy is looking rosy!

Posted on April 23, 2018Categories MBA   Leave a comment on 4 reasons to explain why the Australian economy is looking rosy!

If one goes by the Bhagvad Gita – change is the only constant, a rule that this Universe goes by.

 

In an evolving world, where technology keeps changing constantly, how has Australia managed to stay on top of things consistently. One may look at the heading and wonder if the Australian economy is really in the pink of health?

Australia is a large economy and a pleasant place to live in. It has a GDP of over AUD$1.6 trillion (2017) & is the only nation in the world that has not faced an economic recession for the past 26 years. This has been possible due to its strong economy that has been supported by a strong financial industry and a competent talent pool that its Universities offer.

  1. Fintech

Australia has over 2.1 million small and medium businesses/ enterprises that employ over 68% of the Australian workforce. In addition to the financial support provided to these organizations by banks, Fintech companies are now providing many of the same services to these businesses at their doorstep or right in the palm of their hands.

Fintech companies are now able to offer services to businesses that were earlier unavailable for businesses. Online banking/ overdraft, digital transactions, payment gateways have allowed these 2.1 million businesses sell a lot of their goods and services throughout the globe and thus, earn more with each passing year.

Thus, Fintech has allowed the Australian economy to grow and become a more robust market for businesses to operate and prosper.

  1. Strong banking/ finance support

Another major reason for the success of the Australian economy is the good health of the Banking/ Financial industry. A lot of economic problems have been caused due to the weakness of the global banking sector (recession of 2008). However, Australia was one of the few countries that did not face a recession, due to the strength of its banking sector. This allowed it to offer more loans and offer more funds for investment to the industry.

This prevented the manufacturing/ services sectors and the economy as a whole from contracting and allowed Australia to increase its exports at the expense of other countries.

  1. Unique education system in Australia

Every year the Australian government releases a skill shortage list that is based on the employment statistics collected over the year. The Australian universities plan their syllabus according to these lists.

This is a big step towards bridging the gap between the subjects taught and the skills that are required in the country. Having said that, there are hundreds of finance and other subjects that are available for the students with different career requirements.

One of the key reasons for the success of many global economies is the abundance of good Universities that train students to manage large multi-national businesses. USA, UK, EU, India, Japan, Australia, etc., all have an excellent set of Universities that are able to churn out skilled graduates year after year.

The teachers are trained to deliver world-class learning and maintain the unique reputation that it has acquired due to their research oriented approach. One such university with world class finance courses for international students is Western Sydney university.

BSE Institute Ltd. & University of western Sydney jointly offer postgraduate programs which gives students an opportunity to pursue a lucrative career in finance in Australia.

Australia depends heavily on its skilled talent pool to increase its productivity, achieve sustainable economic growth, create jobs and improve overall well-being for its citizens.

  1. Foundation studies

Short term finance and other skill development programs are initiatives of Australian Universities that aim to re-skill students who wish to change their line of work. These programs are specially designed and focus on area specific specialization. These programs can be a quick entry into companies needing specialized talent.

This has allowed Australia to skill a large chunk of its workforce as its economy has evolved. Many times, industries face problems due to factors that are beyond anybody’s control (nature, shortage of raw materials, global factors) and that puts the very existence of the industry into jeopardy.

A good solution for most employees in this case is to get themselves reskilled and get themselves placed at other companies without a major hit to their pay package.

Conclusion

Australia is not just a developed country, but it’s an advanced country that has planned every aspect of its economy quite well and anyone hoping to contribute to this country will surely reap the dividends when they work here.

4 reasons why New Zealand promises to be the biggest finance hub

Posted on April 5, 2018Categories MBA   Leave a comment on 4 reasons why New Zealand promises to be the biggest finance hub

If we look at history, right from the time of cavemen, Kings and right up to the modern days today, not a lot has changed. From the discovery of fire, to the invention of the wheel, it is technology that has distinguished men from animals and in turn the civilized from the uncivilized. At a point of time, the bow and arrow was considered as the latest war weapon/ technology that could determine the winner of a war. Today, the dominant position of a country is confirmed by the strength of its economy, which in this information age, depends heavily on technology.

 

Also, throughout the ages, finance/ money is something that has been and continues to be indispensable. Nothing can be done or achieved without money. Today, that very system of banking and finance is on the verge of being modified on a large scale. The very concept of people using cash is being replaced by plastic money, cashless society, online banking, etc. The World as we know it is changing!

 

In today’s day and age, the talk of every town is Fintech. Fintech is what is ushering in the age of the cashless, digital society. Every banker is worried about the impact that Fintech will have on their industries and in turn their businesses. Fintech today threatens to smash through the established order of Banking and Finance. With more people opting for digital banks and online banking services, banks are feeling the heat as a lot of the services they offer, will soon be redundant. Bankers are working hard to integrate this technology into their day to day operations in order to protect their businesses from competition and to ensure that they are not obsolete.

 

These concerns are felt most severely by bankers in New Zealand. The reason is simple. New Zealand is in line to be the next big finance hub. This is not news, its actually a well known and an accepted fact. However, this tech disruption is a blessing in disguise in an advanced economy.

 

The reasons for the success of major financial hubs through the ages have been very simple. The presence of big businesses operating in these cities/ countries and the presence of banks and financial institutions to support these businesses.

 

Today, having a physical presence of offices across the globe is not as important as it used to be. Having a dedicated and a skilled talent pool and the right infrastructure is all one needs to build a major global hub – and New Zealand has all of these in abundance.

 

There are a few key factors that are important for building a major financial hub and New Zealand seems to tick all those check boxes.

 

  1. Regional Head Offices of MNCs and global retail/ manufacturing giants: Most banks earn a large chunk of their income by serving MNCs and doing every task that they need regularly. This includes the mergers, acquisitions, deal advisory, audits, investment banking, salary accounts etc.

 

A large part of their income also comes from raising funds for them and providing loans to them for their organization’s growth.

 

This ensures that banks have a set client base who are willing to try out the new products that they are coming up with. A global MNC is also able to ask for the various services that it gets globally, thus forcing the bank to upgrade their services and be a World Class Fintech solution provider.

 

New Zealand has plenty of regional head offices of MNCs which need a lot of support from the Banking and Finance industry and hence can easily provide all major services (including insurance) to these MNCs, right at their doorstep.

 

  1. Excellent startup culture:In order for banks to succeed and integrate technology, a good number of startups are needed. It is these startups, which can come up with new innovative technologies that can help people interact with banks better.

 

New Zealand has a fair number of startups that focus on the Finance and the Fintech space. The startup space is beginning to heat up as many investors are now making trips all the way to New Zealand just to check out the startups and the companies that are present here.

 

Also, New Zealand startups have made significant progress and can provide significant solutions to banks for providing better services to their customers. These regional offices can easily check and implement these solutions at a local level first and then at an international level.

 

The reason why New Zealand has a thriving startup ecosystem is a world class educational system that New Zealand offers.

 

  1. Fertile ground for talent: New Zealand has some of the best Universities in the World. Its faculties and administration encourage students to spend a lot of their time in research, innovation and development. This has allowed a lot of new fintech startups to come up in New Zealand. With a highly urban population, scaling these startups is easy and many of them are successful.

 

This makes New Zealand a fertile ground for acquiring companies and hiring talent that can easily add value to an organization.

 

Other University students who choose to join the work force are also talented and prized employees who have proven to be great executives capable to scaling a business to greater heights.

 

The University of Otago is a 149 year old university that is well known globally for the high educational standards that it has set for its students. It has regularly upgraded its courses to ensure that the student passing out is in sync with the World outside.

 

The Masters in Finance which is conducted with BSE Institute Ltd (BIL) is a one year course that is suitable for anyone interested in building a career in Finance & Fintech.

 

  1. Government support: Another important point is the support offered by the Government in terms of the business friendly policies that they offer. A smaller regulatory framework and low costs of regulatory maintenance makes it very easy for new companies to set up shop and come up with innovative products.

 

This is a key ingredient that is necessary for the success of a finance hub. As cities that have been nerve centres of global finance for decades together, there is a thick regulatory maze that has to be navigated. This in itself is expensive and companies often need high priced lawyers to get their businesses to comply with all the rules and regulations.

 

This is a headache that new businesses do not face in New Zealand.

 

Thus, New Zealand has all the right ingredients to be the next New York or London of the Fintech world. For anyone looking to build their careers in finance, New Zealand is the best place that promises to revolutionize the existing financial World order and hence is the place to be in the coming years.

 

Fintech, just like any other internet technologies can be operated easily from one country. You just need to have the right talent in place who can serve their customers remotely. In order to scale the products on a global level, more talent has to be recruited.

 

The foundation for building a Fintech hub has been laid. With the right kind of talent and the right kind of infrastructure in place, the next Facebook, Amazon, Google of the Fintech world will surely come from New Zealand.

What is Masters of Finance?

Posted on April 3, 2018Categories General   Leave a comment on What is Masters of Finance?

Do you have knowledge of investment techniques? Great. Can you navigate through bullish/bearish stock markets? Yup. Are you familiar with best money-saving techniques? Definitely.

Finance jobs are on the rise. The job market is always hot for someone who knows how to manage money.

In 2015, 78% of employers planned to match or exceed their hiring of finance graduates compared to 2014, and demand is expected to remain strong, according to a study by the Graduate Management Admission Council.

Financial acumen is one of the most sought after skills today. To create economic value for your organization, you must understand and sift through multiple financial metrics, products, stakeholders, resources, compliance and markets.

Besides learning the tricks of the trade, a one-year’s Masters in Finance allows students to enter the job markets quickly.

Students with an under-graduation in finance along with some work experience are ideal as they can understand and appreciate all that is taught in the Masters in Finance program. A Master’s degree educates students about the economic and finance operations that are managed by banks, insurance, non-banking financial companies and public institutions.

Which one to choose – Masters in Finance or MBA in Finance?

Students and professionals who are contemplating pursuing a Finance career are often unclear if they should go for a Masters in Finance or an MBA (Finance). Both the degrees are well respected in the markets, and they can help you land jobs in investment banking and corporate finance as well.

MBA courses are created with a strong focus on management and leadership. The Master’s degree is more oriented towards imparting knowledge and skills meant for specific job roles in the market. Masters in Finance focuses on financial markets and finance per se, while an MBA is a little broader, covering general aspects of business such as HR and Operations too.

International scope

Those working in international finance use economic theories, best practices covering exchange rates, empirical finance, advanced research, foreign investments and other topics related to global finance.

In light of growing international opportunities in finance, more aspirants are going after advanced finance degrees to pursue job openings in international banking, capital markets, business development, investment banking, corporate finance, trade finance, etc.

Going ahead

Those going for an international degree in finance should carefully eye through the college curriculum and select a program which meets their interests and which presents the right opportunities of career growth.

Masters of Finance degree of BSE Institute Ltd (India) in collaboration with University of Otago (New Zealand) is one such program.

Executives graduating have a wide range of potential career opportunities open for them in areas such as: Commercial Banking, Corporate Finance, Investment Banking, Funds Management, Brokerage, Regulation, Treasury, Financial Advising and Trading.

Graduates will be able to command job roles such as Personal Financial Advisors, Financial Managers, Financial Analysts, Financial Services, Credit Risk Management Analysts, and M&A Analysts, while drawing median salaries NZ$ 50,000 and higher.

Please visit international.bsebti.com/mfinc to learn about BSE Institute Ltd’s Masters of Finance course in association with University of Otago.