Is business finance training right for you?
Financial knowledge is critical in business, whether you're a member of the finance team or otherwise. All companies want to save money and spend responsibly, and the bottom line is always critical, in everything from major projects to building improvements and even social activities.
There are many corporate finance training options available, at any level. Whether you're taking an introductory finance seminar or an advanced finance degree, the skills, theory and practical applications learned in business finance training programs can help you in your day-to-day activities and can benefit your company.
Who Benefits from Finance Training?
Financial matters affect every department in a business and nearly every employee, but some groups who have a particular interest in the topic include:
- Project managers. Project managers are often held to strict budgetary standards on their projects, so knowledge of finances is important. Gathering quotes and estimates, monitoring progress, and purchasing and tallying the cost of man hours will all need to be accounted for.
- Executives. Executives are expected to have a full understanding of the many projects going on in their business, and this includes the budget. Executives are also responsible for presenting to boards and stakeholders on financial matters, which makes the training even more important.
- Finance staff. Even though finance staff are already highly trained in the field, there are always new developments and practices in the world of finance. Finance training courses can help staff stay current.
Finance Training Options
The type of finance training you choose will be dictated by your career goals—do you want to make your career as an accountant or member of a finance team or do you simply want to have enough functional knowledge of finances to manage projects and engage in business operations?
In the former case, an in-class or online finance degree is the smartest option. Finance degrees will prepare you with the skills necessary to manage capital in a business, analyze purchases and transactions and advise on all financial decisions. While they require commitment, typically being four years in duration, they do set you up for a successful career.
If you're looking to simply add financial knowledge to your existing skills (for example your executive training or business analyst training), a corporate finance training course may be enough. These courses are typically shorter in length, but do provide valuable foundational knowledge in managing money in a corporate environment. These courses are typically only a year in length and can be completed in a classroom or online.