Is There a Future in Finance as a Career?

There was a time when career counsellors made it to a point telling to all young people that a career in finance was the best for them. The markets were booming, and positions in finance companies were easily available. Business schools had student vying with each other to take up the courses which would enable them to make a career in finance. It was not only the finance market that captivated some students. The economy was so strong, that those who are graduated in finance course were unsuccessful when they opted for financial market or investment bank jobs; they went for alternative careers in industry and commerce jobs that involve accounting. The government also offered middle level jobs in finance, and the overall scenario was very bright.

The economy went into a tail spin.

With the economy in a state of recession, the scope in the financial markets had decreased, and those who are graduates in finance, who thought they had secure jobs in investment banks, were facing the possibility of a pink slip. These banks took the worst hit in the financial market turmoil. It followed almost naturally, that accounting jobs in commerce and industry started shrinking as companies cut costs to keep afloat. At this stage only those who opted for public sector jobs seems reasonably secure, but you’ll never know for how long such a situation would last. The severe downturn in the economy could also affect some jobs.

So just what is the future for such financial sector employment?

It is flying in the face of logic, but in spite of the economic recession, finance jobs still have a reasonably a bright future. Most economists agree that the recession in its present form will not last for a long time. They predict it will last for just a short or medium term. This means that if you are in the finance sector of the economy, have a heart, the outlook will become brighter. So if you have lost your job, this may be only a temporary phase, as better times are coming.

The governments all over the world were coming up with various packages to stimulate the economy. So this means that the huge money going into the various sectors chose for stimuli, will need finance graduates to manage the money. It goes without a saying that the only people with a real brilliant and proven record would land these jobs.

All companies which have been affected by the current economic crisis will give their best to survive as best as they can. They would strategize their survival tactics by hiring financial experts to guide their ship through the less troubled waters. The present gloomy state of affairs is mainly due to financial problems, so they will look for financial experts to tackle the financial woes. They may not state their intentions in such clear terms, but will definitely engage people who are well acquainted with commerce and accounting jobs and ask them to concentrate completely on the cost and revenue aspects of financial operations. This could help the companies get through all the turbulence and crises successfully.

Throughout the recent history, any downturns in the economy have always been followed by a boom. Just wait patiently for the good times to show up once again.

Commercial Business Finance in the U.K

With all of the financial turmoil around the world, did you know that getting commercial business financing for a UK business is getting easier than ever? This financing is specifically meant for UK businesses. These loans are meant for business and commercial organizations in the UK. Whether you want to start a new business or build on an already existing business, commercial business financing loans are geared for you.

These commercial business-financing deals come either secured or unsecured. Secured means that collateral must be used. Collateral can be a home, car, or some other real estate. Unsecured loans do not need any collateral. Financing is usually for amounts between $5,000 to $100,000 and the repayment time goes from 3 to 25 years in length.

When looking at commercial business financing loans you need to decide between fixed or variable rates. Fixed rates mean that the interest rate stays the same and the borrower pays the same amount of money every month during the repayment period. Variable rates change at certain points during the duration of the loan, and that new interest rate will reflect the rates in the market.

When applying for a loan, whether it is secured or not, you need to give some documentation. Here is a list of what you need:

-UK borrowers need to fill out a simple loan request that states the type of loan they wish to take and how much money they are looking to borrow.

-If this is a new business there needs to be a good business plan written up. Make sure the business plan covers all the vitals, including financial projections.

-When looking for a loan to expand a business, a summary of the business profile and financial statements need to be made available.

The final decision as to whether or not a loan is offered will take between 1 to 4 business days. It is common for borrowers to be asked to give more financial or background information. If help is needed in getting all the information together and securing the loan, a loan broker can be hired. The UK is full of loan brokers that help with anything that potential borrowers need to get done. There are many loan brokers available, so people should make sure to do research and get the best possible broker available.

When people are looking to finance their business for start up or expansion, commercial business financing loans are providing a great vehicle to get this accomplished. They are made available all over the UK and are changing the face of business.