Finance Exposure in BBA at VIT Business School
Finance Exposure in BBA at VIT Business School
In the last two decades, BBA has gained popularity. Candidates enrolling for these undergraduate business management courses too have increased significantly. Listed below are reasons why candidates should opt for BBA at VIT Business School to get a Financial Exposure.
BBA is a general course with an objective to develop young dynamic business professionals who can contribute to the creation of a strong and vibrant India. Every business is composed of the following functional areas viz. Marketing, HR, Finance, Operations and IT. For the sustenance and growth of a business firm in this hyper-competitive business environment the managers have to be sound decision makers who can think on their feet. The world is witnessing a pace of change which has never been there before. Technology is changing the sound business practices which are required for success. A manager has to keep abreast with this fast changing business landscape in order to survive and prosper. Earlier, it was sufficient to smoothly sail through one’s work-life with the help of an individual skill learnt in the University. However with the tremendous acceleration in the pace of change what is learnt in college might become obsolete within the span of say 10 years. It is imperative for the modern day management professionals to continuously unlearn and relearn. In one’s work-life one might have to go back to college for a minimum of 3 times to acquire the latest relevant skill sets for professional success.
If one looks incisively at any business, all the functional areas have their importance for success in the competitive world. Thus, a budding manager should try to unearth the functional area for which he has an inherent passion. The more a person is passionate about what he is doing the greater are the chances of his satisfaction and growth. One cannot claim that one leg of business is more crucial than the others. All the departments have to work seamlessly in sync with one another to ensure effective corporate performance. There was a survey conducted in the US wherein the CEOs of respondent companies were quizzed about one single skill most needed for being a successful CEO. The majority or more than 70% per-cent, voted for finance skills. Finance, as it is, is the life blood of any organization. Nothing can work without money. It is sometimes said that money is the sixth sense which keeps the other five together. The four major decisions of a finance manager are related to financing, investment, dividend distribution and working capital management. Moreover in the current situation where the whole world is fighting the corona pandemic, it is very important that businesses have sound financial resources to reduce fear and uncertainty.
The major sectors wherein finance finds widespread application are banking, currency markets, financial markets, capital markets, corporate finance, insurance and investment banking. In fact finance is ubiquitous in life and no organization can think of growth without effective management of its financial resources. Under the BBA curricula at VIT Bhopal, an initial grounding is given to the future management professionals in the area of financial management and accounting in the second semester itself.
This is followed by critical inputs in the advanced topics like management accounting in the fourth semester. A liberal dose of specialized areas in finance are offered to students via a basket of finance electives like Basic Banking Processes, Security Analysis and Portfolio Management, Managing Personal Finance, Insurance Management, Income Tax etc. After completion of their BBA degree at VIT Bhopal, the students can be confident of possessing the required skill set to effectively navigate in the hyper competitive landscape of modern finance.
