How many of you still fill out paper accounts? When was the last time you actually wrote a cheque? Technology and modern sensibilities have changed even personal finance dramatically and given rise to an entirely new discipline of e-commerce.
Unfortunately, some of the most well-respected institutions of higher education haven’t kept up with the times. While it’s arguably valuable to understand core principles and underlying systems of thought, there are new theories, new systems and strategies, existing and emerging trends, and masses of new technology that the future-focused finance professional needs to understand. Is your programme preparing you for the post-Brexit world? What about the potential (both positive and negative) for artificial intelligence use in finance?
Here’s how to identify whether your finance education will equip you for the future.
Check the content
Look for course syllabi, calendars or other detailed overviews of the programme contents. There should be a combination of principles and practical skills.
While technology use is important, the reality is that technological change is progressing faster and in more volume and variety than anyone can keep up with. Of course, you’ll need to achieve a reasonable level of competency in today’s tools and practices, but to thrive over the course of your career, your finance education should also focus on equipping you with principles and strategies that can help you adjust and evolve along with technological change.
Check the format
Does your finance programme use contemporary and emerging technology? Does it follow formats that show an awareness of today’s needs? Look for flexible and creative formats that serve student needs, rather than forcing them into outdated strictures. Remote learning, learn-at-your-own-pace formats, and appropriate use of multimedia are not only more appealing for students, but they also show comfort and facility with technology. Coursework should also cover the most widely used finance technologies and at least introduce emerging trends. Finally, great programmes include practical, hands-on learning opportunities with portfolio-boosting projects.
Check the reputation
Choosing the right finance education can be a challenge because some of the better-known providers aren’t necessarily providing the best programmes for today’s needs. However, newer education providers haven’t had the chance to build as much visibility. Fortunately, it’s easier than ever to check reviews and student outcomes. Future-focused finance education providers, in particular, make many resources available online to help you in your decisions. You can view LSBF info online in multiple formats, including video content. Transparency not only helps you make the right choice, but it’s also a strong indicator of a proactive and productive education provider.
Prepare for a successful, future-proofed finance career with the right education provider. Whether you dream of launching an e-commerce venture, investing, or working in corporate finance, you can choose the right educational track by reviewing the programme content for current and emerging practical skills, transferable principles and strategies. Confirm their commitment to contemporary and future-focused technology in even the course delivery formats, and check them out online and through references and reviews to assess their potential results.