Wednesday, 22 March 2017

Explore 5 Hot Jobs for MBA Graduates

              These in-demand professions include compliance officer, financial manager and accountant. 
james price aero financial

There's no one-size-fits-all career trajectory when it comes to graduating with your MBA. Alumni from these graduate business programs can work in a number of fields – from health care to technology, financial services to federal government – and flex a range of quantitative and creative muscles.

Aspiring MBA students should consider these following jobs, which offer robust job growth, generous salaries and low unemployment rates, according to data from the Bureau of Labor Statistics. The careers on this list rank among U.S. News' Best Business Jobs for 2017.

5. Compliance officer: An increasingly complicated, always-changing regulatory environment continues to boost demand for compliance officers, says Paul McDonald, senior executive director for Robert Half, which staffs workers in the finance, accounting, technology, legal, creative and administrative professions. Compliance officers place at No. 16 among U.S. News' business jobs rankings

These professionals can find employment in a wide swath of fields, from health care to telecommunications and finance. For example, compliance officers in the pharmaceutical field are experts in dealing with the Food and Drug Administration. Those in the financial services industry know the ins and outs of the Dodd-Frank Wall Street and Consumer Protection Act and international banking regulations. For compliance officers, "the future looks bright," McDonald says

4. Business operations manager: To be an effective business operations manager, you need strong communication, organization and negotiation skills to help business departments coordinate to meet their goals. The BLS anticipates that business operations manager roles will grow by 7 percent between 2014 and 2024, adding 151,100 new jobs. Business operations managers rank No. 9 on the list of business jobs.

"Name (an MBA) course, and it's going to touch on the sort of multifaceted things you’ll be doing," says Shaw nice Mead or, executive director of MBA career and leadership at the University of North Carolina—Chapel Hill's Kenna-Flagler Business School. An operations manager's duties may include negotiating contracts with vendors, working with union leaders, making decisions regarding supply chain management and hiring new employees.

3. Financial manager: These business pros oversee a company's finances, producing financial reports, profit projections and ensuring that their employer complies with regulations and laws. For their efforts, financial managers earn a median salary of $117,990. "These sorts of roles are really critical for a company since they’re trying to make sure that they’re making strategic financial decisions," Meador says.

Financial managers, which rank No. 8 among business jobs, may hail from a background in economics, finance or accounting. In order to score a job, "your (grade-point average) is very important, and any internship is very important," says McDonald, of Robert Half. Perform well at this role, and there are lots of opportunities for promotions, McDonald says.

Some of the top finance MBA programs include the Wharton School at the University of Pennsylvania and the University of Chicago's Booth School of Business.

2. Medical and health services manager: These professionals, also called health care executives and health care administrators, are key when it comes to ensuring that health care organizations are operating efficiently and adhering to changes in health laws and regulations. Medical and health services managers, which rank No. 7 among business jobs, work with doctors, health insurance representatives and other medical professionals, relying on their strong communication skills and knowledge of the industry.

"The complexity of running a health care system or health care business is greater today than it ever was," says Jeff McNish, assistant dean of the Darden Career Development Center at the University of Virginia. "Having people with advanced management skills to manage that complexity is important."

Job openings for medical and health services managers are expected to increase at a rate of 17 percent between 2014 and 2024 as health care continues to be a hot field. At Kenan-Flagler, a high percentage of students interested in health management have some previous professional experience in the medical industry, which they build upon with an MBA, Meador says. "They're bringing that business perspective to that clinical knowledge," she says.

1. Accountant: These numbers-oriented professionals keep or inspect financial records. Accountants, which rank No. 6 among U.S. News' Best Business Jobs, must have a strong technical and numbers background to perform their duties, experts say. But good communication skills and an understanding of compliance issues and business strategy are also essential. Top graduate programs in accounting include the University of Texas—Austin McCombs School of Business and the Wharton School at the University of Pennsylvania.

Accountants can use their role as a steppingstone on their way to the corner office. "If you’re graduating with an MBA, accounting is a good place to start," McDonald says. "(For) many accountants, if they're really climbers or achievers, ultimately, it can lead to the CFO position" he says. Pursuing an MBA with a concentration in accounting can also help aspiring accountants knock off the credit hours necessary to secure additional licensing as a certified public accountant.

For More information:- Susannah Snider

Tuesday, 17 January 2017

Microsoft Works on Bringing in a New Era for Financial Services Industry

Banking and financial services industry are heavily dependent on the new-age digital technology for further progress. Microsoft is one of the many tech companies intimately involved with the concurrency sector facilitating the development of block chain technology for financial applications.

In its recent blog post, the company has offered details about the participation of Satya Nadella, CEO of Microsoft Corporation in the Fin tech Ideas Festival. The event held between January 9 and 10, 2017 in San Francisco saw the participation of some of the leading names in the technology and financial service industry.

The discussions in Fintech Ideas Event revolved around the potential uses of latest technologies in the field which hasn’t changed much in the past decade. The forces driving financial services towards a new era include cloud-based solutions, artificial intelligence and block chain technology.

The blog mentions Microsoft’s role in ushering a new era for fintech. The company’s products and services are currently used by the likes of Met Life, Emirates National Bank of Dubai, Society General, Bank of America Merrill Lynch and Mementos. Microsoft’s Azure cloud services is a common factor among all these companies.

Met Life and Emirates National Bank of Dubai are using Azure, its Machine Learning component and Microsoft Dynamics to improve customer experience and relationship. On the other hand, Bank of America Merrill Lynch is using the company’s Block chain as a Service to automate various processes.

For More Information :- Gautham