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Preparing For the Future of Finance with Executive Education

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TimesTSW30
Preparing For the Future of Finance with Executive Education

The COVID-19 pandemic introduced economic uncertainties that were unknown to the financial world, underscoring the importance of agility and innovation for businesses to develop and mitigate potential risks. As businesses in India financially crumbled due to the cascading effects of the pandemic, only the ones that adopted new-age financial techniques and digital infrastructure could survive.

As a country that reported over 40 billion digital transactions valued at more than a quadrillion rupees, India was already prepared to ride the wave of new-age financial technologies to accelerate its transition into becoming a cashless economy. India’s economic progress has largely depended on the financial sector, which grew at a stable rate of 15% even as markets across Asia were going through turmoil.

All of these factors have created ample job opportunities for finance professionals who, in addition to the finance sector, are also highly sought after by finance departments of organisations in other sectors. With India projected to be the fourth largest private wealth market globally by 2028, the demand for finance professionals is bound to increase further.

Finance in the Contemporary World

The pandemic combined with the emergence of disruptive technologies caused a thorough rehaul of the finance sector in India. The increasing adoption of automation and AI-enabled technologies has drastically altered how financial organisations operate, and the emergence of big data has made the financial world more data-driven. The volatile environment caused by the pandemic has forced organisations to improve their focus on analysing and mitigating financial risks well in advance.

Furthermore, the proliferation of startups and expanded access to the internet have created more demand for finance professionals who can evaluate mergers, acquisitions and IPOs. These changing contours of the financial landscape imply that traditional skill sets in finance have been rendered obsolete, and there is a need for new-age skills and technical competencies for finance professionals seeking career advancement. Finance professionals are no longer mere accountants for organisations, and as such, rigorous upskilling in finance has become highly imperative.

Upskilling with IIM Lucknow’s EPAF

The Executive Programme in Applied Finance (EPAF) being conducted by IIM Lucknow offers everything needed for a lucrative career in finance. EPAF is a year-long executive programme aimed at equipping learners with contemporary finance skills and concepts while enabling them to appreciate the role that financial experts play in an organisation’s growth.

The content of IIM Lucknow’s EPAF includes key topics in finance such as basic economic concepts, financial statement analysis, cash flow management, cost management, investments analysis, and portfolio management. Alongside these fundamental topics, this applied finance course also provides training in advanced concepts such as IPO valuation, financial risk analysis, an understanding of instruments such as securities, options and futures, and pricing techniques such as the Black-Scholes model and binomial pricing. The working knowledge of such a wide range of tools and techniques prepares learners for advanced roles within their industry.

Considering the growth of India’s economy and its financial sector, professionals trained in advanced finance are in high demand. Due to this, professionals upskilled through programmes in applied finance such as EPAF enjoy lucrative salary prospects and rapid career advancement. Upskilled finance professionals occupy a wide range of roles ranging from accountancy and financial management to investment banking, insurance, trading and risk analysis. The figure above provides a comprehensive overview of the salaries earned by finance professionals in various roles. In addition to salary hikes and job growth, upskilled finance professionals also face lower entry barriers and are able to rise to the topmost positions within their organisations due to their wide-ranging expertise. Hence, upskilling through dynamic programmes like EPAF is an investment in one’s career that has significant long-term benefits.

To know more: https://timestsw.com/course/iim-calcutta-executive-programme-in-applied-finance/

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