All about BBA Finance and International Business

Description of Finance and International Business

Finance basically deals with planning, organising and controlling the finance activities such as procurement and utilisation of funds of the enterprise. It means applying general management principles of financial resources of the enterprise.

Finance management is as important in business as production and marketing. A business firm requires finance to commence its operations, to continue its operations and for expansion or growth. Financial management plays a crucial role in survival of a firm in the extremely competitive markets.

The International business relates to any situation where the production or distribution of goods or services crosses country borders. Globalisation the shift toward a more interdependent and integrated global economy creates greater opportunities in the international business. The broader definition of international business also encompasses for profit border-crossing transactions as well as transactions motivated by non-financial gains.

International business encompasses a full range of cross-border exchange of goods, services or resources between two or more nations. These exchanges can go beyond the exchange of money for physical goods to include international transfers of other resources like people, intellectual property, patents, copyrights, brand trademarks, etc.

Few lines about BBA Finance & International Business

BBA (Finance & International Business) is a 3-years undergraduate course that is divided into 6-semesters. The course teaches the fundamentals of finance and accountancy practices. Through this course the students can learn technical skills associated with many of the procedures of finance analysis and accounting standards. 

The course is designed for the aspirants who prefer to work for strategic business performing some roles like financial analysis and enterprise venture specialist. The course is also designed to develop the resources and capability of managers in the global economy. The course teaches the students various aspects of management like documentation involved in export and import, methods of approaching customers in foreign countries, currency conversion & fluctuation, raising capital from international market and distribution market.

The main aim of the course is to develop a capable workforce within the country that has completed understanding of the changing international business scenarios so that they can weigh and analyse the impact of those changes in the domestic market. The objective of the course is to help, professionalise the foreign trade management of the country and increase the exports and imports by generating, analysing and conducting research.

Eligibility

The students who have completed PUC or 10+2 with 50% aggregate from recognised board are eligible to apply for BBA Finance and International Business course.

Course Curriculum

The students of BBA Finance & International Business will be studying the following subjects during their course duration.

Career & Scope

There are ample job opportunities for BBA Finance & International Business students in the global markets. They are largely hired in organisations in managerial positions and will be responsible to oversee international customers and international markets.

Salary & Emoluments

The fresh BBA Finance & International Business students will be earning around 5 lakhs to 10 lakhs per annum. The experienced professionals will be earning around 10 lakhs to 15 lakhs per annum. They are usually paid in dollars.

Top Organisations hiring BBA Finance & International Business students

Some of the top organisations hiring BBA Finance & International business students are:

• Accenture
• IBM
• JP Morgan Chase
• Fidelity Solutions
• Capgemini
• HP
• Goldman Sachs

Placement Opportunities

Some of the job roles available are:

Financial Controller: A financial controller directs the day-to-day financial functions of an organization in addition to forecasting its financial future. In addition to managing cash flow, overseeing budgets, preparing financial statements and submitting required reports to regulatory agencies, a controller is often called upon to provide input on both short-term and long-term business decisions.

Insurance Manager: An insurance manager, also known as a risk manager, assesses an organization's financial health with regard to its liability and potential for loss, as well as oversees its insurance policies and insurance-related transactions. An insurance manager is expected to provide analysis of business decisions from a risk perspective, stay abreast of industry regulations and give advice regarding potential litigation.

Bank Manager: The bank managers at banks and financial managers at financial institutions, such as commercial banks and credit unions, oversee the services that banks provide to their customers. Responsibilities include approving loans, issuing mortgages, directing investment funds, understanding federal regulations and managing electronic banking services. Bank managers are employed both in corporate offices and in bank branches.

International Marketing Manager: The international marketing managers are the professionals in charge of creating and executing marketing strategies for the international markets. You have to also have a deep understanding of various markets and ensure that you are marketing your company’s product and services to the right people. You have to get your products and services to penetrate the market and establish the brand.

International Product Manager: An international product manager is completely in charge of the products and services that are marketed internationally. Different markets have different standards for the quality of the product. Some markets even have stringent standards of the packaging of the product. Therefore, it is the job of the international product manager to ensure products, packaging and other quality requirements are up to speed according to the international market.

International Finance Analyst: International markets behave differently and yet they are connected. It is quite a complex structure and the job of an international financial analyst is to know about all these markets and make reports for investments in these markets. They have to analyse deep and provide information and predictive models for various markets for their company to invest money in.

International Research Analyst: To be able to succeed in an international market, companies need to have information on the markets. This information needs to showcase the opportunities and risks in the market. And this is where the services of a research analyst come into play. They have to research international markets, products, rules & regulations, competitors and more and provide reports for their companies to foray into international markets.

International Logistics Manager: Logistics is already a tedious thing to manage. Now imagine doing it on an international scale. This difficult yet rewarding task is the job of the international logistics manager. They have to figure out the logistics involved in product supply, resource supply, deliveries, etc. in different countries. The challenge is that rules and regulations and logistical challenges are different in each country. The logistics manager needs to know about them and ensure everything delivered from suppliers to customers on time.

International Financial Analyst: International financial analysts produce reports, guide investment activities and develop strategic planning to support the long-term financial goals of a company. They combine the technical and communication skills needed to enhance their organization’s bottom line.

International Management Analyst: International management analysts, also known as consultants, create new ways of improving an organization’s efficiency. They advise upper management on how to enhance company performance by solving organizational problems, such as evaluating a new market expansion program or adapting to a different operations strategy.

Conclusion

There is a huge demand for BBA Finance & International Business students. The organisations hire skilled BBA Finance & International Business students. The BBA Finance & International Business students are highly paid professionals and can expect excellent career opportunities in the field. The students with a passion towards finance and international business can join this course.