Pavin Pavithran

How important it is to have excellent general awareness to become a Finance Manager?

Please explain every point

by Pavin Pavithran
1 answer
| Share :

1 answer

RE: How important it is to have excellent general awareness to become a Finance Manager?

Dr. Anand Wadadekar, PhD
Dr. Anand Wadadekar, PhD
Verified Career Expert
Founder & CEO: Discovering Careers India
  • pune

Today MBA candidates are being rejected by companies due to many reasons. Some of those reasons are like lack of fundamental knowledge about the subject concerned, no soft skills, wrong attitude, no inter persona skills, worng information, etc. But one of the most important reasons many MBA candidates or for that matter post graduates and graduates are rejected in job interviews is their lack of business awareness, general awareness. Business awareness is the backbone of a good manager today. It is not just about having the high technical knowledge or inter personal skills or soft skills, but additionally the Manager should have the right business and general awareness which is very important in the scenario where there is daily changes happening in the business dynamics, poiltical status of the nation, international politics & business environment, etc. All these affect every single business decision today and if a manager misses on these aspects just due to poor reading skills, then the team, work and the whole organisation is at major risk. And this risk can translate into financial loss, image loss, brand loss and people loss also. A Finance Manager needs to definitely have the general business awareness since due tot he changes happening there, his finance calculations, finance strategies, financial forecasts, financial budgeting, financial risk mitigation, financial hedging also gets affected in big terms. Irrespective of the type of department of business, a manager of any department should be very well equipped to change his her business decisions based on the changing dynamics of the business, country and economy. If not done, then that is a poor manager. Managers especially of Finance, Marketing, Retail, Banking, Insurance, Info Tech, Manufacturing should very much spend time in gaining business and general awareness as much as possible and that too on daily basis. It is highly recommended for managers to read business newspapers everyday without fail which will help them to take a broad outlook towards business functions and roles. Today MBA candidates need to be taught to be aware about the business happenings and related world happenings. It is also very much necessary on the part of companies to impart relevant executive training to their employees and help them become in sync with the times.

In order to post replies to the question: "How important it is to have excellent general awareness to become a Finance Manager?"

Post Reply

Latest ANSWERS

Hello sir, i am a Humanities graduate and presently aspiring for a job in the financial management sector or investment banking. I am not having good acads to get into iims through CAT. I want to know whether CFA will be a good option for me.

Hello Arjun,  Hats off to your aspiration. Being from humanities you wish to get into finance stream and that too without basics in accounting wi .. read more

i got 35903 rank in jee mains 2017 exam can i get nirma university

Dear Sumit, Thanks for your call. You might get admission in less popular engineering branch at Nirma University. However, don't depend on Nirma Unive .. read more

how to get a good collage in India with low jee marks

Dear Rachit,  Thanks for writing up your query here. First of all congratulations for clearing JEE Main exam. If you get low JEE score, you .. read more

Dear Madam, I have completed MBA in operation management from IGNOU. I am working in market research sector last 3 years as a operation executive. I am not looking the growth as per my experience in this field.Please suggest me other sector for apply?

Dear Sagar Nigam, Thanks for your question. You have MBA in Operation Management from IGNOU and working in market research sector since 3 years. You w .. read more
Most Popular

I have passed 12th with 74% mark. I have choice to join BTech or BSc physics. kindly suggest me what should I choose out of the 2. i am flexible with my career profile as an engineer or as a lecturer.

Hi Rashmi, First of congratulations on your percentage, you have done well. And thank you for sharing your concern with other community members, who w .. read more

What is the procedure to join Merchant Navy

just go to vchelps.tk now. it will definitely help u. be happy .. read more

What is the procedure to join Indian Navy after class 12th

just go to vchelps.tk now. it will definitely help u bro. be happy .. read more

I am a commerce graduate and confused between various options like cfa, mba, and job. What should I choose?

Hi Kirti  As I understood.. You have already secured a job and if thats with EY then thats great.You should consider a few things before taking a .. read more
Caching Date: 4/28/2017 12:09:50 PM