The Importance of Practical Experience in Finance

 Finance offers a lucrative career with a high salary. Many students want to pursue finance because it brings comfort and joy. However, there is a misconception that all finance jobs are about rote learning. Although it is a desk job, finance needs more than just using a few simple ratios. The person should possess good problem-solving skills to complete all their tasks efficiently. These skills are acquired through an MBA degree from the best MBA college in Pune for finance. MBA colleges provide practical experience in the form of internships and live projects. 

Benefits of Practical Experience in Finance

Practical experience provides you with many benefits. You get several opportunities to explore your skills and make sound financial decisions. This type of experience also adds value to your resume. 

Real-world Problem Solving

You learn to apply theoretical concepts in real-life situations. You also develop analytical skills that let you make better decisions. This skill is extremely useful when handling new projects. You will be able to gauge a situation better through a problem-solving approach.

Networking Opportunities

Internships also allow you to build a wider network of professionals. You will come across people of all sorts in your internship. Making connections with them allows you to contact them for professional favours. 

Skill Development

Your technical skills are also enhanced practically. You get to learn about new technologies and their applications in finance. These technical skills are useful in handling large projects. You can pursue a short-term MBA in Fintech to learn the relevant fintech skills. 

Career Advancement

Your employability will also increase if you have practical experience on your resume. Employers are looking for driven and passionate people in finance. Internships and live projects are a testament to this drive. Therefore, aim to get the best internship opportunities.

Industry Insights

Understanding industry trends will give you an edge over others in the job market. You must stay updated on the latest developments as the interviewers can ask you such questions. On the other hand, industry trends will also reveal future innovations. 

Types of Practical Experience

Let’s discuss the different types of practical experiences for you. You should know their duration and benefits to make the best choice for your career. 

Internships

You will get to interact with real professionals in the finance world. Internships also offer a handsome stipend to their interns. Therefore, you will benefit from learning and getting paid for the gig. 

Live Projects

Live projects also enhance your practical knowledge of finance. You will work under the guidance of a faculty and apply theoretical knowledge to solve real problems. Your research will develop your critical thinking. 

Certifications

Certifications like CPA and CFA also provide practical experience. These certificates demonstrate your professional skills. It takes a lot of talent to crack the exams for these certifications. 

Practical experience is essential for success in the field of finance. You can also develop the skills necessary to excel in your career. Practical experience enhances your technical abilities. Check out Symbiosis Pune's fee structure for an MBA in Finance and get some practical experience!

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