Choosing a degree course is the first big decision for your career. Although some people seem to know what they want to do, it is fine to be a little unsure about the direction in the beginning. You should take your decision after concrete research and introspection about the path to choose as it can shape your future. Thus, if you have chosen a course and are not sure about the future of it, don’t worry it is no big deal. Now for those of you who have planned to take up a degree in banking and finance and are wondering, ‘will my degree in banking and finance be relevant in future?’, we have the answer for you.
Let us begin with a basic understanding of what the course deals with.
A degree in banking and finance can take you a long way, it offers a vibrant career with the world’s biggest business entities. In this course, the students acquire extensive skills in business and management, with the capacity to solve complex problems related to business and its functioning.
Any business school or college offering the course includes a curriculum that focuses on skilling the students to make financial policies and decisions and understanding the organizational functioning.
Why a degree in banking and finance?
The program explores the dynamic and fast-paced aspects of business and offers an understanding of the economy. Banking and finance are an inseparable part of the economy, and they decide the availability of the assets required and the proportion of investment possible for the growth of trade and commerce.
When you choose a degree in banking and finance, you acquire an understanding of a systematized movement and management of money. You learn how the finance activities are funded with equity and debts, the involvement of banks in the process, the management of cash flow, risk factors etc.
With the advancement of science and technology and the growth of global business stakeholders, finance is continuously changing, and this makes the subject a fascinating subject for study along with offering job security.
Where to apply for a degree in banking and finance?
Now comes the question, where to apply for the course. Naturally, the second most important decision regarding your career is the college or university you complete your education from. The faculty, curriculum, practical training, learning with peers all matters a lot in shaping your career, that is why your decision while choosing the college or university should be a wise one. Remember, the resume which you send to your employer will pose a great reflection of your knowledge based on the name of the college alone.
The B-schools have immense popularity across the world, along with the varied courses they offer. Apart from that, the regular colleges and universities also offer banking and finance programs. Also, the turnout for applications for courses appears to be major numbers and the numbers are only expected to multiply by time. Thus, surging up the competition level for getting accepted by a good college.
If you are applying for a degree in banking and finance in the coming session in Uganda make sure you have the list of colleges ready for your research and comparison before you start filling the forms. We would recommend Cavendish University as a part of that list, and in a better case for the degree. You can completely rely on the Cavendish University program offered for banking and finance.
Cavendish University Uganda finance course is one of the best starts you can get for your career development. The Cavendish University program includes a course structure “enabling its graduates to be well rounded in shaping their business environments to their unique advantage”.
Cavendish University Uganda courses are one of the best in the country and there is no doubt in it. The intake for Cavendish University Uganda programs has already begun, and if you haven’t yet checked the course structure you can very well start with it.
The career scope in the field of banking and finance:
The financial managers and those employed in the banking sectors are expected to witness sturdy job growth. We have compiled some interesting statistics for your understanding. As per the Bureau of Labor Statistics, the employment growth is expected to be faster than the average for all occupations. The banking and finance sector is projected to grow by 5% from 2019 to 2029, adding about 476, 200 new jobs.
The demand for accountants, auditors and financial managers will witness growth owing to globalization, the growing economy, the expansion of international trade, complex tax and regulatory environment. Additionally, the increasing usage of data and market research, aggressive marketing strategies will pave the way to the growth of market research analysts. Not only will the graph for jobs witness the surge but the average monthly wage of the employees in this field is also to go up.
Well, we believe that suffices to the question we were trying to answer, a degree in banking and finance is undisputable one of the courses with job stability and sharp career growth.
We can therefore conclude that studying banking and finance can provide endless career options across sectors like banking, broking, consulting, funds management, insurance and superannuation. You can be a part of corporates, the financial markets or the government as well. Apart from that constant hard work in this field can take you places, by which we mean a job opportunity at any part of the globe.