Taking stock of the future of financial sector

The graduates can get opportunity in a wide sector as every sector needs someone to take care of their finance and give their organisation a direction. Graduates can become financial analysts and be in managerial positions in NGOs/INGOs, manufacturing companies, banks, service sector and more.

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Having dream is one thing, achieving that dream is another thing. To achieve that dream, one has to overcome many challenges. And the crucial challenge to achieve that dream is being financially strong. Being financially strong includes having the idea to invest in proper places and taking charge of that finance for one’s benefit along with the knowledge of knowing the current trends or future trends of the market. Pointing out these fundamental elements to achieve a dream, the Tribhuvan University (TU) has come with an academic course Master’s in Finance and Control (MFC) since 2014. This course is offered only at the School of Management Tribhuvan (SOMTU) University, Kirtipur.

About the course
The course Finance and Control in the Master’s level is at its beginning phase. TU has designed the course looking at the current market and needs in the future. Elaborating about the course, Associate Prof Dr Jeetendra Dangol also the Deputy Director of SOMTU shared, “In our market we have lesser number of financial analysts and for the success of any organisation, there should be proper knowledge on managing finance including controlling finance. Controlling finance means being able to analyse the future prospects for investments, halting the flow of finance where it is creating loss to the company and so on.”

The course’s objective is to produce managers who are equipped with the latest managerial principles and techniques with special focus on different aspects of finance that help them overcome the challenges in current business trends once they start working.

Moreover, the course is about studying Accounting and Finance parallelly where most of the Management courses are either focused on Accounting only or Finance, as per Dr Dangol. “As the course is focused both on Accounting and Finance, students are equipped to handle the investments in the current scenario of an organisation as well as forecast tomorrow’s profit,” added Prof Dr Bhoj Raj Aryal, Head of Central Department of Management, TU.

The Master’s programme is based on semester system of two years. It comprises an internship in the third semester and Graduate Research Project in the fourth.

Scope and challenges
The MFC programme is a specialisation subject — this is the reason why there is no separate Bachelor’s programme for Finance and Control like in other TU courses. Talking about the scope of after graduation, Dr Dangol informed, “The graduates can get opportunity in a wide sector as every sector needs someone to take care of their finance and give their organisation a direction. Graduates can become financial analysts and be in managerial positions in NGOs/INGOs, manufacturing companies, banks, service sector and more.”

Agreeing to him Diwash Upadhyay, a student of MFC Ist Semester at SOMTU added, “After completion of the course, one can enrol in various professional sectors or can get involved in the academic sector.”

The course is new and the text books are all by foreign writers. The course might be challenging for students who are weak in English. Even students without Management background in the Bachelor’s level with a minimum 45 per cent marks can apply for the admission into MFC, but understanding the terms of Management could be difficult for them.

Upadhyay agrees that students who are not from Management background might find the terms in the course difficult. It took him one month’s time to reach every student in the class familiar with Management terms and the course does consist of pre-requisite course before entering to core course as per Associate Prof Dr Dangol. However, he claimed, “There is no complications while studying in English as students for MFC are selected after completing four different levels before getting admitted. First there is the written test followed by group discussion, individual presentation and personal interview — only competent candidates get through this process.”

However, as this is a new course, there is still apprehension. Associate Prof Dr Dangol opined, “We still have to wait and watch before our first batch of MFC enters the market. We are not sure about the market’s reaction to these graduates but we are sure of the market’s current need — professional like MFC graduates.”

Students meanwhile are positive about their future where another student of MFC Ist Semester claimed, “This is a specialisation course and students who have the confidence and ability can surely make their impact. Market needs professionals having in-depth knowledge on particular topic where MFC is the in-depth study of Finance and Accounts.”

source: the himalayan times,17 june 2015

2015-06-17 | EducateNepal

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