Last updated on August 29th, 2022 at 09:31 am

Why is financial planning more important during a pandemic?

Money or finance is the blood of a business. Just like a body remains healthy when blood flow is regular, a business remains healthy until funds are uninterrupted.

With technological innovation and complex financial products being used, businesses now need trained professionals who can manage funds with robust financial planning.

Moreover, new global threats like supply-chain disruptions due to the pandemic followed by the Russia-Ukraine conflict have increased the requirements for financial planners.

If you want to kickstart your career as a financial planning expert, you should gain proper knowledge by registering for a financial planning and analysis course. 

This blog emphasizes the need for financial planning, especially after the pandemic, and how you can become a successful financial planner with Imarticus online finance courses.

What is Financial Planning?

Financial Planning is the method that helps you evaluate the fund requirements of a business to achieve its goals. 

Once the financial objectives are decided, a financial plan needs to be drawn that gives the roadmap of how the business can achieve the planned financial objectives. There are various positions where financial planning is needed, such as corporate financing, investment banking, and private equity.

Some key processes involved in financial planning are:

• Portfolio Management
• Risk Management
• Budgeting
• Cash Flows
• Investment Modelling
• Debt Financing
• Costing & Calculation of Operating Margins
• Managing the Taxes

If you want to build your career in these avenues, online finance courses affiliated with highly reputable financial institutions are just the thing you are looking for!

What is The Need for Financial Planning?

You must have heard of the famous “Subprime Crisis” in America in 2008. It turned out to be a nightmare as it triggered a global financial crisis and the world economies faced recession. With the availability of easy and cheap credit, American households started spending on buying essentials. As soon as the crisis hit, millions of workers lost their jobs, leading to a large-scale repayment default.

In hindsight, the analysis shows that the crisis stemmed from the domino effect of improper financial planning. Instead of spending more than the pocket allows, people should have saved and invested in building a corpus for the rainy days ahead.

This is where financial planning steps in. Just like the purpose of steering is to guide the car from losing track and avoiding accidents, financial planning is crucial to ensure that the business doesn’t run out of fuel in tough times. 

Not only for a business but financial planning is also needed at a micro-level like a family. If only one person earns in a family of 8, it is obvious that the family will become broke. Enrolling in a financial planning and analysis course will help you become a reliable financial planner and build your dream career.

How Can Online Finance Courses Help?

Whether you are working in the field of finance or are a fresh entrant, an online finance course is bound to increase your employability and provide job-relevant skills. Here are the posts that you can apply for after gaining knowledge of financial planning:

• Investment Banking
• Fund Manager
• Finance Officer (Corporates)
• Financial Modeler
• Tax Expert
• Project Finance
• Private Equity Manager for HNIs (High Net-Worth Individuals)
• Business & Brand Valuation Experts
• Synergy & M&A Expert (Mergers & Acquisitions)

It can help you upgrade your skills and propel your career to new heights. The difference between financial planning executives' average salaries is much higher than in other opportunities. Thus, online finance courses can undoubtedly provide a massive boost to your bank balance. Instead of taking baby steps, you can take a huge leap on the path to success by pursuing financial planning courses.

Why Choose Financial Planning With Imarticus Learning?

In collaboration with KPMG, one of the Big Four firms, Imarticus Learning is regularly training the aspirants to become the finest minds in the field of financial planning. 

With over 180 hours of live training sessions, including 25+ hours of guidance from KPMG experts and practical training with hands-on experience in 6 industry projects, Imarticus Learning is the go-to choice for a finance aspirant. Here are the benefits of choosing Imarticus Learning:

• Elaborate curriculum, including preparation of Financial Statements, Financial Analysis, Ratio Analysis, and Financial Modelling
• Advanced tools of MS Excel used in Financial Planning & Modelling
• Financial analyst training and placement support
• Practical training on 6 industry projects
• More than 1 million learners and an average salary hike of 67%

Financial Planning is the need of every business, and the career prospects of a financial planner are bound to get brighter. It is one of the finest times for you to enroll in a financial planning and analysis course. 

Learn from the best to become the best! Explore our curriculum for financial planning and contact us through Chat Support to know more!