Choices in Finance Education

The finance industry offers a plethora of options to students wanting to join the finance profession.

Today's finance profession is not limited to just the accounting jobs. With the right kind of finance education, a finance student can find himself suitable for a variety of finance roles. Most finance professionals require you to be good with numbers and have knowledge of basic business statistics. Let's take a look at some of the lucrative financial education options.

Accountancy: This is the most widely popular financial career. Commonly referred to as a public accountant, you learn about to prepare and maintain a business financial records. You also learn about taxation and other financial aspects of the business. Education in this area is very comprehensive, and the exam is considered quite difficult. Apart from public accountants, there are also other specialized fields such as cost accountant, management accountant, and tax expert.

MBA Finance: Another popular area in finance education is the MBA in Finance. This program is at the post-graduate level and is offered by most universities as well as business schools. An MBA Finance degree opens up career opportunities in a variety of areas, which include banking, financial analysis, financial markets, research, etc. In general, the reputation of an MBA Finance is measured based on his skill level and the reputation of the college from where the program was completed.

Financial Planning: This is one of the most thought after professions in the finance field. As a financial planner, you are required to manage the personal finances of individuals. You are expected to invest people's money in the best assets based on their risk profile and also advice them on various matters such as taxation, real estate, among others.

Finance Certificates: As the finance profession has grown, many new finance certificates have emerged that help students get provided with very specific financial knowledge. For example, the Certified Financial Analyst (CFA) design helps you become a financial analyst. There are popular certification programs for becoming risk managers; These are Financial Risk Manager (FRM) offered by GARP, and Professional Risk Manager (PRM) offered by PRMIA. If you are interested in Alternative investments, then you have the option to become a Certified Alternative Investments Analyst (CAIA). There are financial certificates in almost every area of ​​finance.

You can choose to pursue your finance education either as self-study (through certificates) or by joining a college. In either case, you will gain practical experience once you join the industry. …

College Level Examination Program and Homeschooling

Homeschooling parents find that the CLEP program is a perfect fit with their teaching style and goals. The College Level Examination Program (CLEP) is a series of standard tests which are recognized by over 2900 colleges and universities as the equivalent of successfully completed course work. By taking and passing these CLEP exams, people of all ages are able to opt out of certain basic classes, and at some institutions, receive credit just as if they had taken the class.

There are CLEP tests available in 34 different areas of study. From American Literature to Basic Psychology, Calculus or Chemistry, self-study guides and practice tests are available from CLEP. When a student is confident that they are prepared, they go to one of the many CLEP testing centers around the country, and sit for the CLEP exam in that topic. There is a fee for study materials and for testing, but considering the savings that can result from a passing CLEP score, the cost is minimal. Study guides are about $25, and the test fee is $72 for each subject. However, if the college of your choice will accept the CLEP test results, then the tuition for that class, and the cost of textbooks is saved. Even community colleges may charge as much, per credit hour, as one CLEP test!

The CLEP option is ideal for homeschools. Homeschooled children are often better at independent learning than their peers who have studied in classrooms. CLEP seems tailor-made for them. Students may take the tests at any age, although a minimum of age 15 is recommended. By covering material in a familiar format, homeschooled students can easily get a jump start on college, saving both time and money. It is easily possible that by successfully completing CLEP courses that students can enter college as a sophomore. Think of saving the costs of an entire year of school!

Often, homeschooled students choose to attend smaller colleges. This is a good fit with the CLEP exam and CLEP test program, because more small schools than large accept the credits. By carefully researching schools which accept CLEP scores, it may be possible to complete nearly two years of college at a huge savings. The cost of a higher education is staggering. Often the small colleges which attract homeschooled students are the most expensive. CLEP allows families to save enough money so that it is possible for parents to give their children that small school experience for their final 2 – 2 ½ years of college.

CLEP exams are standardized across the country. Although it is often argued that standard exams do not promote true learning, they can be a great aid to homeschoolers. It can be impossible to assess the quality of education a homeschooled student has received without such tests.…