How to Become an Expert in a Professional Financial Department

With the introduction of the liberalization reform in the 90s, the country witnessed a positive growth in many sectors, specifically within the service sector. The steep increase within the service sector has resulted in the rise of banking, insurance, and financial services which has opened the doors for several professions of a financial advisor is one among them. A financial advisor helps individuals make decisions associated with the investment, tax, insurance, retirement planning, the stock exchange, and money management. Besides preparing a thought for investment, they assist their clients and customers with their financial goals. This profession has earned much attention in recent times due to the rise in the cash outlay and inflow. 

To become a financial advisor, one can go through multiple pathways. Here, we are going to discuss this career option well including details about the utilization opportunities and salary package. 

ecadema, an interactive professional training platform, offers participants access to industry mentors, project reviews, and industry expert advice through online professional trainers. 

How to become a Financial Advisor

Multiple ways are available to become a Financial Advisor to acquire a financial advisor profession, one should have a related education in it. Candidates who have a bachelorette associated in finance can consider this career option. 

One can even take up this profession with specializations in the fields like accounting and financial management. One can even register for the financial program where they'll be taught subjects like investments, financial planning, and risk management. One who has an MBA together with finance studies will have a footing during the hiring process. If you're the one looking to become a self-employed financial advisor, you would like to hone your skills in marketing because you have got to determine, build and maintain relationships with the clients. 

Candidates who are assuming to become a self-employed financial advisor are suggested to start their preparation supported their interests which can successively help once the course is completed. 

Google and other search engines allow you to hone in on specific topics. Lots of investment companies and financial services firms offer a wealth of free information. A visit to their websites offers everything from general education on a large array of products to economic forecasts and economic insights from professional market-watchers. With just a bit of effort, you'll identify and follow comments from your favorite economists, investment strategists, portfolio managers, and other experts. 

Thousands of in-person and online courses are available to assist and educate you about finance and investing. Many universities offer free or paid online courses that you just can take at any time. 

The skills required to become a financial advisor are

• Interpersonal skills

• Presentation skills

• Interest towards research

• Analytical skills

• Communication skills

• Logical Skills

• Critical thinking Ability

• Communication skills

ecadema has a group of professional financial trainers who assist people to learn everything from investing, trading, and money management to non-public finance. 

Employment Opportunities in the Financial Department

There are a plethora of job opportunities in the financial department for one to explore and build a career in it. 

• Investment Banker: Some of the foremost glamorous and intense financial careers are in investment banking. Investment banks help companies and governments raise money through bonds, stocks, public offerings, venture capitalism, and mergers and acquisitions (M&A). While the profession has grown more democratic, it still has an elitist tinge: MBAs from top-level programs are often mandatory. Still, it's less common today for investment bankers to hunt out professional certifications just like the Series 7 or CFA compared to other finance jobs.

• Actuary: Actuaries analyze the monetary consequences of risk by using math, statistics, and financial theory. These professionals gather, assemble, and analyze data to estimate the probability and certain costs of such events as injury, sickness, disability, death, and property loss. The Society of Actuaries states on its website, "Actuaries are experts in evaluating the likelihood of future events—using numbers, not crystal balls. 

• Portfolio Manager: Portfolio management is one of the foremost prestigious roles within the entire finance industry. Portfolio managers commonly called money managers to oversee institutional and retail client investments. They recommend personalized investment strategies and specific investment decisions to clients, and they usually have discretionary power in executing those strategies to meet the clients' goals. 

• Quantitative Analyst: While some economic analytic positions require oral presentation or writing, quantitative analysts aka quants typically work behind the scenes. Professionals during this branch of study create mathematical models to assist companies to make business and financial decisions. Asset managers, banks, hedge funds, insurance companies, and personal equity firms all employ quants to assist them to manage risk and identifying investment opportunities. 

• Securities Traders: Securities traders work for commercial banks, investment banks, asset management firms, hedge funds, and more. Wherever they work, traders buy and sell securities on behalf of the assets managed by that firm. Traders add different markets (e.g., stocks, commodities, or crypto) and will specialize in one variety of asset classes or investments. 

• Financial Planner: Financial planners help individuals develop plans to make sure their present and future are financially stable. Typically, they review a client's financial goals and generate an appropriate strategy for saving and investing. The plan may specialize in wealth preservation or investment growth and should even include estate and tax planning. 

• Financial Analyst: Analysts at financial-industry firms are typically liable for researching potential investments and offering opinions and suggestions to assist and guide the traders and portfolio managers. Financial analysts also work with non-bank corporations, where they analyze the financial position of the corporate and help formulate budgetary plans. 

• Economic Analyst: Economic analysts observe broad areas of the economy and also the markets to appear for major trends. These jobs appeal to individuals who enjoy analyzing data, tracking trends, and making opinions support those trends regarding the long run of economic markets. Analytical jobs frequently involve writing, speechmaking, and ample work with Excel or other spreadsheet applications. 

Keeping up with the industry is a crucial part of financial services professional’s life, and continuing education is required for several of those experts to keep up their credentials. What this suggests for the self-taught expert is that you simply will always have a chance to feature your body of information. The finance industry offers a spread of job opportunities, both on and off Wall Street. Careers include financial planners, securities analysts, actuaries, securities traders, portfolio managers, and quantitative analysts. 

ecadema offers training courses through online professional trainers where trainers and learners both interact via digitized information tools and resources, used for education delivery and management.

What is CIA Certification and Who is it For?

 What Is CIA Certification?

CIA stands for The Certified Internal Auditor, international accreditation for professionals, bestowed by the Institute of Internal Auditors (IIA). For 40+ years, this certification has been recognized as the “gold standard” accreditation. By earning this acclaimed certification, professionals demonstrate their comprehensive competence and professionalism in the internal auditing field.

Advantages of CIA Certification: Globally recognized certification

There are a plethora of benefits of earning CIA certification, which includes opening paths to a number of career advancement opportunities for you within the internal auditing field besides increasing your skill bank.

Earning a professional internal audit credential like Certified International Auditor with ecadema, helps you to distinguish from your peers and make you stand out among the crowd:

• Enhance credibility and respect.

• Sharpen skills and upgrade proficiencies.

• Increase advancement and earning potential.

• Demonstrate understanding and commitment.

• Improve your internal auditing skills and increase your knowledge helping you become subject-matter experts.

• Enhances credibility and prestige in your field.

• Increase your earning potential

 

Certified Internal Auditor is a valuable addition in your profession, where auditors can perform various job roles of their careers—including chief audit executives, audit managers, audit staff, and risk management staff.

The CIA Exam

To earn CIA certification, a three-part CIA exam must be cleared, sled with meeting the IIA’s eligibility and education requirements, and pay all applicable CIA program and exam fees.

The three exam parts are:

Part 1: Internal Audit Basics

Part 2: Internal Audit Practice

Part 3: Internal Audit Knowledge Elements

Similar to other accounting designations, this exam is also a computerized exam. Candidates must take the exam in one of the 500+ Pearson VUE centers around the world,  offered in 16 languages.

Why Pursue the CIA?

• High-paying Salary

CIA credentials expose you to increased career-advancing opportunities and increase your earning potential.

• Helps you to become an expert auditor:

Become a credible, trustworthy expert, apply the International Standards for the Professional Practice of Internal Auditing.

• Make you a strong competitor:

Becoming a CIA differentiates you from your peers and puts you ahead in your career as compared to no-CIA designators.

What Does the CIA Certification Require?

For CIA exam eligibility, any person with a bachelor's degree in any field is eligible. Candidates must also have at least two years of internal audit experience to earn this internationally acclaimed certification, an important step toward demonstrating your core internal audit skills.

And if a student is interested to pursue CIA designation without earning a bachelor’s degree, then he/she may require up to seven years of work experience.

Candidates earning their CIA certification must abide by The IIA Code of Ethics and regulations.

Get Your CIA Certification and Upskill your career

The CIA exam is followed by 3 parts and follows its own syllabus. Studying time to pass the CIA exam usually takes a total of 100-150 hours for all three parts. 

If you are ready to advance your career, ecadema, an online interactive video-lecture delivering platform can help you to achieve your career goals. Interested students may find a trainer who is CIA certified and industry-experts for years. Our e-learning platform has been helping students pass the CIA exams for over three years now and our onboarded trainers help you to prepare you to pass the exams on your first attempt. 

What Does the Certified Internal Auditor Exam Cover?

To become a certified internal auditor, candidates need to attempt 325 multiple-choice questions in 6.5 hours.

• Part one emphasizes the essentials of Internal Auditing. 

This section tests basic skills like an in-depth understanding of concepts like internal auditing, risk management, and financial control. Assessment is also based on specific industry standards and principles related to audit management, consulting, and quality assurance in conformance with the International Standards for the Professional Practice of Internal Auditing

Time limit:150 minutes(maximum time allotted for any section)

• Part two covers the internal auditing practice p[ertaining to compliance 

60% of this section's content consisted of audit Managing, planning, and communicating the results. Performing internal audits proficiency is assessed.

Time limit:120 minutes required to complete

• Part three includes business acumen-related auditing. 

Topics covered are business acumen, financial management, information security, and information technology. 

Time limit:120 minutes required to complete.

Candidates can choose to appear and complete all three parts or sections in one attempt. After registering for an exam section, candidates get 180 days to complete it and earn this reputable accreditation and 3 years are allowed to complete the exams.

Are you an accounting professional or student who wants to upskill your career or education in internal auditing?

Globally, demand is exponentially rising for Internal auditors in nearly every vertical. Enrolling with ecadema to earn your Certified internal auditor (CIA) Certification, helps you to reach the top of the corporate ladder in the Audit field. Considering its importance and reputation, it is recognized as a single-handed recognized certification in the world. Book your trainer today to get access to professional audit courses. 

Find a Supply Chain Professional Trainer via the Online Live Learning Platform

What is Supply Chain Management?

Supply Chain Management (SCM) is the study of methods to manage end-to-end transportation of goods and services ensuring safe delivery to the end consumer. From procuring raw materials, and managing inventory stock to successfully delivery of finished products, the SCM course helps professionals to optimize the forecasting, inventory, and transportation to maximize efficiency, reduce cost and align supply chain networks.

Join the Supply Chain Trainer at ecadema, to acquire the required expertise, training, and foundational knowledge along with techniques from a community of dedicated and industry-leading trainers. 

Get trained in Logistics and Supply Chain from world-class Trainers at ecadema:

ecadema, offer supply chain management trainers in logistics and supply chain management, best suited for ambitious professionals who are considering a career change or looking to climb the leadership ladder. 

Online Supply Chain Management trainers help you to understand the whole scenarios of managing a global supply chain and implicated risk scenarios which require advanced skills in business processes, product development, information systems, relationship management, business management practices, and integrating best practices to handle unforeseeable future.

Our professional SCM trainers at ecadema help you to overcome enormous logistical challenges with their right knowledge and hands-on experience with the tools and technologies. Online supply chain management trainers design programs which prepare you for a career in this in-demand field covering both fundamental and advanced topics in supply chain management, designing processes, handling customer demand, project management, analytics, logistics management, global supply chain, and systems. 

Job Opportunities:

There is no question that the demand for supply chain management professionals is growing due to the Russia-Ukraine war and pandemic-induced shutdown in China. Growing economies with a competitive landscape hinting toward mass hiring in the manufacturing and supply chain logistics industry, demand for logistics analysts and experts is rising.

Few job roles are :

• Sourcing specialists

• Global supply analysts

• Purchasing managers

• Supply chain managers 

Companies are also looking for individuals with top-notch operations management skills who can have good supplier relationships, understand risk management, and have strong supply chain strategies with a deeper understanding of supply chain activities.

At ecadema:

Our online professional trainers boast solid expertise related to supply chain management and logistics technology, imparting knowledge and skills that will help both career professionals and also, their organizations respond to future challenges to the global supply chain.

You can book a session with a trainer at ecadema, an ed-tech platform that supports 25+ widely spoken languages; and you will be able to:

• Gain an understanding of supply chains operations and risk implications of ongoing developments in the industry

• Understanding the  nature and sources of disruption and other supply chain risks from industry to industry

• Professionals after being equipped with training at ecadema can implement appropriate governance frameworks 

• Ethical and moral obligations for different organizational frameworks in supply chains,

• Helps in identifying and treating the supply chain risks on time

• Implement supply chain incident management and reporting, 

• A deeper understanding of principles of audit and assurance

• Assessing supply chain financial risks

• Assess new supply chain challenges and developments keeping in mind the factors like sustainability, urbanization

• Leverage digital analytical tools to drive transparency while handling emerging risks associated with it

• Blend recent developments in the digital sphere with sophisticated support systems to create a comprehensive planned strategy for manufacturing and logistics

• Integrate an e-business mindset in supply chain strategy and management

About ecadema

ecadema is an interactive online learning platform where trainees can book trainers after acknowledging their profiles and book sessions to get trained. Trainers prepares supply chain risk management professionals for the challenges of today and the opportunities of the future.

Our online professional trainers at ecadema are enabling and empowering professionals globally via our online professional qualifications 

Why choose ecadema?

Verified top-notch industry experts:

Our community has over 240+ expert tutors 

Convenience & flexibility

Trainees can book a schedule according to their time zone and convenience.

Learning that goes where you go

With ecadema, all your learning happens through video lectures.

ecadema offers collaborative learning via video lecture with an online whiteboard, breakout rooms, and screen sharing capabilities between trainees and trainers and conducts interactive live online teaching sessions.

Scope of SCM courses:

Organizations around the world facing constant pressure due to increased digitization and requires their teams and employees to stay up to date and certified on the latest tools. With ecadema, you can train your employees on the most in-demand skills in Supply Chain Management.

What to expect from our interactive online learning:

• Immersive learning experience 

• Live presentations, shared documents, and collaborative tools to explore and deliver topics effectively

• Proven frameworks with instant applicability

• Casual networking with peers in corporate training programs

• Doubt clearing session

• Same quality and rigor as our in-person courses

5 in-demand jobs in supply chain management graduates can consider

 Supply chain management- Understanding Concept

Supply chain management is all about logistics management— as it is all about the production, shipment, and distribution of products from one place to another. Logistics covers every step from inventory to sales, becoming a vital element to any business that makes and sells products.

ecadema, is an interactive online learning platform for professionals, offers trainers for supply chain management courses, developed by top industry experts and applied in large overseas companies for procurement and supply chain professionals to update their knowledge of current supply chain technologies, prepare companies for the implementation of the most recent supply chain systems and implement strategies to transform global supply chains.

Professionals in this field need to ensure that every step is completed on time and within budget. There are several key components of the overall supply chain and logistics process, including:

• Investment recovery

• Distribution

• Inventory control

• Logistics

• Manufacturing supervision

• Materials management

• Packaging

• Procurement and purchasing

• Product and service development

• Quality control

• Receiving

• Strategic sourcing

• Transportation and shipping

• Warehousing and storage

It is essential for most professionals in the field to have a fundamental understanding of the entire supply chain system and how different positions work together.

Economic global crisis due to the pandemic has pushed more focus on supply chain management. As global crises are troubling the industry, it needs competent, creative, and adaptable professionals who can handle unpredictable circumstances in these gloomy times. The entire operation of logistics ends on delivery and starts on production, which requires professionals to exhibit skills such as project management, risk assessment, workflow optimisation, and even data analytics in some cases. 

According to the Association for Supply Chain Management (ASCM), supply chain management jobs record positive salary growth over the course, companies are considering qualified professionals. 

So, Supply chain management could be a potential career choice, if one is keen to work in a sector combining logistics, business, and management.

Project risk management workshop at ecadema, helps you to keep yourself up-to-date in key innovations within supply chain management and global logistics, including analytics and advanced technology usage. Attending this workshop will transform your career and make you a much more knowledgeable professional!

Graduate jobs in supply chain management

1)Logistics:

Without logistics, there would be no supply chain industry. Simply, logistics refers to the transportation, storage, and flow of goods within the overall supply chain movement. Logistics is a narrow term whereas supplychain is a broader term as logistics comes under the supply chain processes.

Whether you’re an analyst or playing a managerial role, you are expected to identify hindrances in supply chain processes and take active steps to suggest improvements. 

One can thrive in this role, if he/she keeps a big picture mindset to be able to see through the entire operations. Timeline is crucial here, as slight delay can throw product delivery schedules off-course.

2)Purchasing Agent or Manager

If your inclination towards supply chain management business role, then this role seems to be a perfect fit. Manager holds accountable for every purchasing decision related to large quantities of company goods or equipment or equipment needed for transport operations.

Purchase manager requires excellent communication, negotiation skills, and client relations to excel in this field. Communication channels needed to be set-up for contractors, suppliers to prepare purchase orders followed by sending bid proposals to vendors, in addition to securing contracts for hassle-free supply chain processes.

3)Materials Data Analyst:

A Material analyst ensures a smooth flow of goods between supply chain distribution chain, ensuring material inventory is up to date and acquiring sufficient raw materials to maintain according to annual plans.Inventory management, schedules, making sales predictions need to be coupled with the other supply chain management processes.

Big data analytics are gradually altering the landscape of logistics with advancement of statistical methods and are now being implemented industry-wide to improve outcomes in supply chain challenges. 

4.)Data Analytics:

Supply chain analytics are also coupled with automation software through artificial intelligence (AI) to better anticipate changes in the production flow and maximize productivity. Employing AI in the supply chain field leads to improved output, while simultaneously reducing costs and eliminates the chances of human error in product delivery.

5.)Supply Chain Engineer

Supply chain management field jobs can never be said to be complete without the mention of engineers. This job role requires knowledge of information technology, and logistics to optimize supply chain operations in a scalable manner to meet customer demand. 

Supply chain engineers work in verticals like manufacturing, warehousing, or transporting, assisting in streamline the distribution of goods during the process through well-developed algorithms. 

Supply chain risk management workshop, organized by ecadema,  develops your capacity to implement new technologies in supply chain, learn the principles of the management systems and their purpose, develop the ability to support and suggest new technologies to improve the efficiency of companies’ supply chains.