General Business and Finance Blog

The change in the economic scenario in our country has rendered foreign trade as a lucrative profession. India has developed an extensive export promotion system and several promotion bodies and export related services have been set up. The Government has set up a number of systems and incentives to promote foreign trade in India e.g. tax incentives, foreign exchange rules etc.The country’s exports have been rising substantially during the last few years. This has been the thrust of our economic policies. With scene pointing towards improvement and development every day, foreign trade as a recognized profession has come of age. International Business on the other hand is being a part of an International organization or MNC (Multi National Company) i.e. a company having offices in more than one country. You could be a part of any function in the same – Finance, Marketing, Human Resources, Operations or trade. This can be pursued after a BBA / MBA degree. (A) The Prospects With the tremendous expansion in trade, job opportunities in this area are plenty. Professionals are employed in buying houses; export units and the international departments of multinational companies. There is a great demand for Indian professionals. There is good scope for those who desire to launch out their own export units, but they are advised to gain enough experience before such a venture. For those desirous of secure government jobs, there are job opportunities in regulatory bodies like the STC and the MMTC. (B) The Job 1.) Open new markets for trade – identify, understand demographics of market, liaison and create new international markets for products. Identify export / import counterparts, negotiate trade agreements and contracts 2.) Be completely aware and up to speed with all country’s trade regulations i.e. imports / exports, foreign currency, transport etc. 3.) Ensure quality maintenance and adherence to trade contract details 4.) Complete all regulatory documentation and submission of the same to banks, authorities etc. 5.) Ensure timely payment of import / export dues 6.) Working knowledge of foreign currency market to cover all imports and exports. 7.) Awareness of Banking regulations for trade and loans / capital available to Export companies 8.) Working in banks in trade departments to check documentation and lending against the same. (C) Personality traits 9.) Good inter-personal relationships 10.) Enjoy interacting with other cultures / people etc. 11.) Knowledge of some foreign language 12.) Good International knowledge 13.) Hard-working 14.) Enjoy traveling 15.) Eye for detail 16.) Deadline oriented 17.) Mathematical mind (D) Salaries 1.) The starting salaries range between Rs 4-5 lakh per annum. 2.) Peak salaries would match those in any other area of management and are approximately Rs. 1- 1.5 Crore per annum. (E) Study Routes You could do an MBA course in any area and then join a multi-national company or else you can do a specialized degree in foreign trade. One needs to be a graduate to apply. Leading foreign trade institutes include: Places to Study: 1.) Gujarat University, Ahmedabad 2.) Indian Institute of Foreign Trade, New Delhi 3.) Indian Institute of Management, Lucknow, Calcutta, Ahmedabad, Bangalore, Kozhikode 4.) Indian Institute of Packaging, Mumbai 5.) Punjab University, Chandigarh 6.) S. P. Jain Institute of Management and Research, Mumbai 7.) Symbiosis Institute of Foreign Trade, Pune 8.) The Delhi School of Economics, Delhi University 9.) University of Madras, Chennai Other MBA Institutes are – Sample PG Degrees / Diplomas in Business Administration – 1.) FMS, New Delhi 2.) XLRI, Jamshedpur 3.) Jamnalal Bajaj (JBIMS), Mumbai 4.) SP Jain, Mumbai 5.) Narsee Monjee Institute of Management Studies, Mumbai 6.) Symbiosis, Pune 7.) XIM, Bhubhaneshwar 8.) MDI, Gurgaon 9.) IMT, Ghaziabad 10.) IMI, New Delhi 12.) Sydenham College, Mumbai After Graduation – A degree in subjects such as a BBA, economics, or commerce will also give you an entry in the sector. However growth prospects are limited and a PG degree is necessary for timely promotions. Sample BBA Degree Colleges – 1.) IIPM – present in New Delhi, Chennai, Mumbai, Hyderabad, Calcutta, Bangalore 2.) Infinity, New Delhi 3.) Sukhdev College 4.) Wigan & Leigh – present in New Delhi, Mumbai 5.) IILM – New Delhi, Gurgaon 6.) Rai University 7.) AmityInternational Colleges: USA: Monterey Institute of International Studies The College of St. Catherine Western Washington University Bethel college University of North Carolina Marywood University Clarion University of Pennyslavania City college of San FranciscoUK: Aston Business School Regants Business School Grafton College of Management Aberdeen Business School University of Worcester King’s College London Hamilton CollegeAustralia: Murdoch University Macleay College University of Wollongong.

Have you ever wondered if a home business career is for you? Do you hate your nine to five job? Having a home business career is an excellent way to have more leisure time, but you do have to put in time getting it started.
If you have decided to work from home there are a plethora of work from home ideas and opportunities that you can capitalize on. The world of money making and job-hunting got so much bigger with the onslaught of job markets and job opportunities online.
The Internet has brought many opportunities for people to earn money while working from home. There is no Shortage Of opportunities. Regardless of why you want to look for one, rest assured that there are going to be many small home based business opportunities that
you will be able to find. The best place to look, of course, is online, because you will be able to find many different opportunities there that you probably had not thought of before.
The point is, that you should at least investigate the possibilities and give your dream job a try. Because you could face over twenty years of living with the regret of opportunities lost and chances not taken. The choice of the new career should be made according to the job opportunities, the growth option, and the pay packages and last but not the least your passion for the new career.
The great thing about my stay at home business is that I can choose how to supplement my income, or you can go it alone and do it full time. To earn a decent income from the web, a person needs to recognize the different streams of income and gravitate towards the right one.
For those searching for ideas to earn extra income from home, the internet is the ideal place to start looking. There is an entrepreneurial renaissance underway as more families look for ways to supplement their income.
The ideal work from home business allows you to constantly work ON your business, not IN your business. Many people shy away from the idea of a home business career because they feel it means door-to-door selling or managing home parties to sell products.
Since a lot of home business ideas are run, or at least started, as a part time job , you will need to check if your current job leaves you with enough time for running a home business as a part time job. It does make a lot of sense to do that. First of all, the idea of staying at home for work is something that a lot of people dream of.
Know what you are getting into before you provide personal information so that you can work from home. Getting started with this type of Internet home business does mean you have to do a little research to find out what it is that consumers want to buy.
There are things that you can do with limited funds to make sure that you are getting the customers that you need. The fact remains that you just have to do it. You have to spend several days surfing the web and getting your name out there in whatever way that you can.
You must not be lulled into thinking that operating your own home business career is the easiest opportunity available. A home business career is not the same as just working from home.
Basically a home business career is running a business from home and deriving your main income from this set up. Having a business career is a great way to earn passive income and have more leisure time, but you Must put in your Time and Effort to get it started.

The field of accounting has also offered promising career opportunities for the professionals. The demand for the accounting professionals has further gone up after the implementation of SOA in the year 2002. In order to meet the demand, along with the regular programs, a number of universities have also come up with B.S. in Accounting programs online. This article brings out all the necessary information relating to online programs in B.S. in Accounting. Read on in order to learn more.

The year 2002 brought out a notable change in the accounting job market in US. Following some corporate and accounting scandals, the U.S. Congress passed Sarbanes-Oxley Act (SOA), which set forth new standards for the organizations for disclosing their auditing practices. The act, in turn, opened up good career opportunities for the accounting professionals, particularly in USA, who are well acquainted with SOA. Due to its promising prospect, the field of accounting has been attracting students this field in a good number. In order to meet the growing demand of qualified accounting professionals, a number of universities have come up with a number of programs in accounting which also include B.S. in Accounting program. Good news for the working professionals – many of those universities are also offering B.S. in Accounting through online.

The reason why online B.S. in Accounting programs are getting popular in these days in its flexibility. You can complete your degree at your own pace, and you do not have to attend regular classes as well. Therefore, it gives you a unique opportunity to continue with your current work while pursuing the course. Not only that, online B.S. in Accounting programs can also help those to earn a bachelor’s degree in accounting who haven’t managed a seat in the regular program.

There are a number of universities that offer B.S. in Accounting online. In fact, you will find plenty of options while choosing your program. Some of the B.S. in Accounting programs may also have some specializations as well. You can choose from B.S. in Accounting, B.S. in Accounting / Auditing – Forensic Accountancy, B.S. in Accounting / Government – Nonprofit Accountancy, B.S. in Accounting / Managerial Accountancy, B.S. in Accounting / Tax Accountancy, B.S. in Business / Accounting, B.S. in Management / Accounting Management, and B.S. in Accounting / Public – General Accountancy from Kaplan University, BS in Business / Accounting from University of Phoenix, BS – Professional Accounting from Ellis University – Online, BS in Business – Accounting from Capella University, Bachelor of Science in Accounting from WIU Interactive Online, BS Accounting from Herzing College Online, etc. Several other universities like University of Maryland University College, Bellevue University, Western Governors University, Post University – Online, Strayer University, etc. also offer B.S. in Accounting programs online.