Financial Management: Boring to Death or Deadly if Misunderstood?

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Finance: each one of us deals with finance in some way or the other on a daily basis, whether we are a professional accountant, a number-crunching wizard, an artist, a medical practitioner, a lawyer, an entrepreneur or a home-maker. There is no escape from finance even if you do find it difficult to comprehend the financial concepts or resent dealing with numbers (that goes for myself, huh numbers!).  Being pervasive might make it one of two things (or maybe both): boring to death, or critically important. 

At Robert Kennedy College (RKC), we know a master’s degree in management is a prime management qualification for managers. Our Online Master’s degrees give you a great overview of the business world and enhance your knowledge and skills further. And since Financial Management is an integral part of any business, we offer it as a core or as an elective module depending on which degree you choose to pursue.  

Now, before I share with you an insider’s view of the online module let’s get started with the basics – learning what financial management is and why it is important in business.

What “Finance” really is – academically speaking 

Khan and Jain (as cited in Classification of Finance by Paramasivan and Subramanian, 2009) define Finance as the art and science of managing money. Any kind of business entity, big or small, depends on finance to meet its requirements in the economic world and so if you accept that money is the lifeblood of the organization, then finance is its heart.

Types of Finance 

As described above, Finance is one of the most important functions of a business. It plays a paramount role in the smooth functioning of the business activities.

Finance can be classified into mainly two categories:  

Figure 1. Classification of Finance by Paramasivan and Subramanian (2009). Paramasivan, C., and Subramanian, T. (2009). Financial management (New Delhi: New Age International (P) Ltd., Publishers). 

Private Finance includes the Individual, Partnership, and Business or Corporate Finance, while Public Finance, on the other hand, covers Central, State and Semi-Government Financial matters. (Source: Financial Management by Paramasivan and Subramanian (2009)).   

Financial Management 

According to Joseph and Massie (as cited in Classification of Finance by Paramasivan and Subramanian, 2009): Financial Management “is the operational activity of a business that is responsible for obtaining and effectively utilizing the funds necessary for efficient operations.” The job of a finance manager includes procurement and efficient utilization of funds. Financial management has two main objectives: wealth maximization and profit maximization.  

So ultimately, why IS Financial Management important? 

It is imperative for any business to maintain adequate amounts of funds for its smooth operations. Financial Management thus plays an important role in the following: 

  1. Financial Planning:  Financial Management begins with the determination of the financial requirements of the business. 
  2. Acquisition of the funds: A financial manager employs the most effective means of acquiring adequate funds at minimum cost.  
  3. Utilization of funds: It is not just acquisition, financial management also involves the efficient and effective use of the sourced funds to improve the operational efficiency of the business. 
  4. Profitability: Employing financial management tools like accounting, budgetary control, ratio analysis and cost volume profit analysis, businesses look to improve their profitability. 
  5. Enhance the value of the firm: As stated earlier, one of the objectives of financial management is wealth maximization and improving returns for investors.  

 
What would you learn from the Financial Management module in the Online MBA? 

Business is about profit, and there can be sustainability only with proper knowledge of effective financial management. Oxford and Harvard Business School graduate Professor David Duffill will expand and reinforce your knowledge of financial accounting, management accounts, budgeting and financing. This module aims to provide an introduction to financial accountancy and managerial economics. The module will engage you in reflective and discursive argument on the materiality of different social, environmental and ethical issues, introducing you to accounting and principles of finance and letting you use your new knowledge in practical ways by using case studies. 

What our own students say about the module?

There is nothing better than to hear from the horse’s mouth (past and current students) though, so here’s what they have to say about the Financial Management module. Each cohort is surveyed at the end of the module.

For most students, the module was “an amazing learning experience”. The course developed their skills, enabling them to quickly adapt and find a new direction. The learning also allowed them to better understand changes in the economy, and identify new business opportunities.  

It “strengthened my business and financial skills”. Students benefit from a clear understanding of the foundations of finance as well as the various financial instruments used for valuations like futures and options and also from an understanding of financial statements to make an investment decision. Videos from Professor David Duffill and illustrated instructions on exercises or examples are seen as very helpful by an overwhelming majority. 

It is not all roses though. There is also agreement on the fact that assessments are very challenging (just like real business challenges are very … well … difficult!), yet they are also a very enjoyable experience allowing students to use different financial techniques to improve a business (for those who get it right anyway!).  

I hope you enjoyed reading about business finance management today. Stay tuned for next week’s blog that takes financial management to a more personal level – managing your personal (or family) budget! Watch this space! 

Interview hacks to land yourself that dream job (and a well-paid one too!)

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I have had a fair share of job interviews in my career so far. And thinking retrospectively, I realize most (if not all) of these interviews asked very similar questions. You can probably relate. 

An interview is a great opportunity to prove your worth to the interviewer
  1. Tell us a little bit about yourself (a bit of a time-waster, unless they are trying to judge your verbal communication skills – otherwise that information is already present in your CV (or should).
  2. Why are you looking for a change/career change? 
  3. Why do you want to work with us? 
  4. What value will you add to this company? 
  5. What are your strengths and weaknesses? 
  6. What criticism or advice did you get in your earlier job? 
  7. Where do you see yourself in 5-10 years? (another cliche´ and rather a useless question).
  8. Proudest accomplishment? 
  9. What motivates you the most in a job? 
  10. Explain the gap in your career. 
  11. How do you handle the pressure? Describe a situation when you did that and how. 
  12. What are your hobbies/passion? 
  13. Describe a situation when you went over and beyond the job requirements and expectations.
  14. What are your salary expectations?

Behavioural Interviews

Some of these questions are “old school” and of little value, but more recent research in HR, and in particular recruitment and selection point to the value of behavioural interviews and there is a tendency towards this approach in recent years.  

When interviewers conduct a behavioural interview, they are looking for past experience and evidence of existing behaviours; a clear advantage over hypothetical questions such as “how would you handle conflict with a co-worker” where most candidates will try to give the “right” answer. They are looking to find the right fit, not only for the job role but for their company as a whole. You will normally be asked to respond to questions during such an interview using the CAR (Context, Action, Result) or STAR (Situation, Task, Action and Result) structures. These interviews are highly focused, situation-based interviews that demand crisp, precise and structured responses and having the ability to answer in this way takes practice.

It may seem to be an intimidating experience, but as you go through job interviews throughout your career, you will probably come to realize it is merely a conversation between the interviewer and the interviewee. While you may be nervous about answering the questions right, the interviewer is equally concerned about asking the right questions and establishing a good rapport with you. Recruitment and selection are an expensive process for any company, and they would like to avoid a re-run of the process for the same position again. Organizations do realize the importance of a good employee and of the fact that even if the interview process does not end up in selection, the candidate is a potential customer of their product or service, and they would like to make a good impression.  

Preparing the interview

Receiving an interview call in itself means that you knocked off other competitors and possess the competencies that the company is looking for in its potential employee. However, do not become complacent at this point. You have got to prove your worth and an interview is a perfect opportunity to make your case as to why the interviewer should hire you. Here are a few tips that will help you in preparation for a successful job interview. 

Pre-interview preparation

Understand the job description 

The humble job description yields much more than a naïve interviewee can decipher. The job description provides you with details such as the qualifications, qualities and competencies the company desires in a candidate (at least if the job description is done well). You could pick up hints on potential questions that an interviewer may ask in an interview. This is a good opportunity to align your presentation of your qualities to the given job description and make the case that you are the right candidate for the role. 

Match your qualifications to the Job 

You must have a good understanding of how you qualify for the job and why you are interviewing for the position. You must be able to explain to the recruiter your interest in the position and convince them how and why you are the best fit for the role. You have to be honest with yourself first – are you really a good fit? 

Research the Company and the role thoroughly 

This is probably one of the most common complaints, or, rather, disappointments for a recruiter: to see the candidate did not do their homework well and have little knowledge of the company and the position. Do thorough research to show that you have invested time in preparing for the job, and do care about the company, its values, and requirements of the job. 

Identify the requirements of the company – empathize with their problem 

When the recruiter asks questions like “why should we hire you?” Or “what can you offer that no one else can?”, they really are looking to understand if you “get” their requirements and whether hiring you would solve their problems. Be a problem solver to increase your chances of recruitment. Scrutinize all resources available such as company website, YouTube channel, LinkedIn profile, Twitter, Facebook, Instagram presence, etc.  

Google Yourself 

You want to put your best foot forward in an interview. You would not want to be surprised at the interview. Some experts report that up to 85% of hiring managers “Google” a candidate before or after an interview, and so should you. See what the first page of results brings upon you, and be ready to answer any questions about those (whether flattering or non-flattering) results. 

Rehearse and Role-play 

The best way to score your performance at an interview is to practice mock interviews. Rehearse the answers you would want to give and watch out for non-behavioural communication that might confound the message. There are apps available now that use AI to score you (almost in real-time) on diction, intonation, filler words, and so on. Practice with a friend works well too.

Prepare in advance for STAR interviews

The mantra to be successful when appearing for the STAR/CAR interviews is to go prepared. Strategize and draw your responses from the key competencies for the position. Structure your responses with situations that highlight your knowledge and behaviour from previous experiences. This is a great opportunity to impress the interviewer with your skills and achievements.

Work on your body language and interview etiquettes 

Recruiters are generally good readers of body language and can gauge your confidence level just by the way you shake hands with them (they do this for a job, after all). Other body languages such as posture, gaze, how and where you sit on the chair, can leak information about your state of mind and sincerity.

Interviewers analyze your body language and etiquettes

Plan your travel ahead and get directions 

An employer appreciates punctuality and pro-activeness from its potential candidates. Being prepared and arriving prior to the scheduled time for the interview can always earn you some brownie points. 

At the interview

Wear appropriate interview clothing and groom your hair 

You do not have to dress to kill. However, put on formal clothing and take care of even how you groom your hair. A hippy hairstyle may speak volumes of your character and preferences that may not necessarily fit with the company’s vision and values. Then again, if that is who you are and enjoy being, showing your true colours can prevent landing a job in an environment you might not enjoy!

Know what to bring along for the interview  

Always ask ahead of the interview if you need to bring any original documents, certificates, etc.

Hone your salary negotiation skills

One tricky question that most candidates are hesitant about responding to during an interview, and for good reason, is about compensation.

Interviewers ask this question to see how well you know your worth, or maybe as a way to get a “cheaper” deal. Is it fair to ask it? Debates are raging, but one thing is for sure – it is fair not to answer it! 

Of course, you do not want to antagonize your interviewer, and there are different ways to handle remuneration related questions avoiding conflict. Try to deflect such questions towards the end of the interview, so that you have complete knowledge and understanding of job duties and expectations. Experts advise that instead of quoting a number, always provide a salary range. Show that you are open to negotiations. Include other remuneration forms like benefits and perks as an opportunity to negotiate.

Prepare follow-up questions 

Most recruiters will normally allow the opportunity to ask questions at the end of the interview – be ready to do so. It shows your interest and how well you have researched the company.  

These are some of the hacks that will come in handy to break through the toughest interviews. Sound knowledge of your field of work, grit and thinking off the feet can actually get you on the other side of the table.  

Do share with us your job interview experiences in the comment section below. And I wish those who are going to appear for a job interview the best of luck. Even though our students are mostly employed while they study in the Masters programmes, most do end up interviewing for new/better jobs as a result of graduating.  

6 Reasons to Do a Master’s Degree Programme

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I am going to tell you a story about a friend of mine and yes, I know “a friend” sounds made up, but this friend is real and what happened to him could happen to anyone of us in the corporate world.  

To make matters simple, let’s call this friend of mine Jojo (yes, this time a made-up name). A while back Jojo found himself out of a job due to no fault of his. The reasons given: downsizing, centralising, the usual corporate jibber jabber, and this from a company in which he had spent the last two years of his life setting up and developing an entire function for the organisation. 

He was reporting directly to the Managing Director and Country-Head, a position he achieved by hard work and determination and with professional experience going back two decades – working for some of the biggest multi-national companies in the world. He was not worried: with his experience, getting a job would be EASY. 

Safely crossing the gap from one job to the next is not always straightforward…

But as the days turned into weeks and then into months and he was still unable to find a job, the gloom around him was palpable.  

Jojo’s story 

Jojo started his career immediately after graduating with a bachelor’s degree from a top local university and as his career progressed at a faster-than-average pace, he never found the need and time to go back to school and enhance his academic profile too.  

Over time as life evolved, so grew his professional and personal commitments, demanding a greater share of his time and effort. He concluded that putting in time, effort and money into his education did not merit the return on investment.  

Fast forward to Jojo’s job search – he found that the lack of a master’s degree was having a profound impact on his ability to get hired. 

To be clear, I am not saying that you need a master’s degree to succeed in life. In fact, most people don’t have a master’s degree and are very successful in their profession. What I am saying is that a master’s degree can have a positive impact in your professional career (because, learning is good :D).

Added benefit of a Master’s – graduation is fun! Notice how these RKC graduates from 2018 have big smiles on their faces, despite the freezing cold of November in York.

Here are 6 reasons you should consider doing a master’s degree. 

  1. It shows you are hard working and committed: A Master’s degree implies that you have taken the extra step of getting a higher qualification, gaining extra skills and specialisations. Having worked on projects and submitted assignments and dissertations in a timely manner, it shows you to be more disciplined, structured and task oriented. 
  2. It levels the playing field: In today’s competitive job market, most of the candidates applying for any above entry level position will already have at least one master’s degree, if not more specialised qualifications and just a bachelor’s degree or lower educational qualification would just not cut it. Depending on the nature of the job and the position you are aspiring to, a master’s degree might be the minimum requirement to even apply. 
  3. It can help with switching careers: There may come a time in your career when you pull your hair and cry out – “I CAN’T TAKE THIS ANYMORE!”. I understand, I have been there a couple of times. For whatever reason, if you feel it is time for a change in career to a field that requires specific knowledge that you do not have or to a career in a regulated industry that requires you to have certain education qualifications, a master’s degree might give you a leg up in your new career. 
  4. It can help you standout: Unfortunately, this is the world that we live in. There may be several of your co-workers eyeing the same promotion that you have been after. Whether it is a management position or that specialised role within your company, a master’s degree could make the difference in your getting that position. In some cases, a company might also be willing to sponsor the master’s degree if they feel you are a potential leader and it could be mutually beneficial, so it is always worth asking the question to either your manager or the HR department.  
  5. It may help with relocation: We are no longer limited by geography. A master’s degree might help you in getting a work visa to a particular country; after all, you might be required to show why you are more deserving of a particular job than a citizen of the country and a master’s degree might go some ways in your company hiring you over a local.  
  6. It can fill the gap: Going back to the example of my friend, the longer you go without employment the harder it will get to explain the gap in your resume and to get employed. Doing a master’s degree is a good way to fill this gap, improve your knowledge, gain new skills and to generally show you are not one to wait around for things to happen.  

There’s more?

I am sure that there are many other reasons why people choose to do a master’s degree with benefits we wouldn’t have even thought off. If you have experienced or can think of any, let us know in the comments below! 

Finally, getting back to Jojo. It took him a while, but he is finally back to work. It is not what he wanted to do, and he had to take a hefty pay cut, but he is working again. He has still not joined a master’s programme (despite my constant reminders) but he is on the lookout for one that meets his requirements. Let’s hope he doesn’t leave it for too late.  Can it really ever be too late?

Explore the number of specialised master’s degree programmes offered by Robert Kennedy College through exclusive partnerships with top British universities. Or, if you have already made up your mind, click here to apply.

Robert Kennedy College and York St John graduates being silly with their hats in the Quad before graduation.

Things to consider before considering a career change

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Let’s admit it! Many of us are not pursuing careers that we dreamt of. Some of us may never have dreamt of a career and ended up doing what was available or what we see others doing. I feel happy (and jealous) of people who figured out early in their lives their career paths. For a variety of reasons, we all have thought of changing careers at some point in life; including those who were once happy with their jobs.

You are not alone if you are considering a career change. It has been an increasingly popular trend in employment history. It is becoming more likely that people will go through at least one career change in their lifetime. 

Here are some stats..  BLS, the US Bureau of Labor Statistics, released results from the National Longitudinal Survey in August 2019 about the number of jobs, labor market experience and earnings growth of a sample of Americans tracked over 40 years. According to the survey, individuals held an average of 12.3 jobs from ages 18 to 52, with nearly half of these jobs held before age 25. In this news release, a job is defined as an uninterrupted period of work with a particular employer. On average, men held 12.5 jobs and women held 12.1 jobs from ages 18 to 52. Men held 5.9 jobs from ages 18 to 24, compared with 1.9 jobs from ages 45 to 52. The reduction in the average number of jobs held in successive age groups was similar for women. 

Though it’s not uncommon, a career change should be thought through. Here are a few things you should consider before a career change:

Self-Introspection 

It is critical to self analyze and find out why are you looking for a career change. What is the reason for your discontentment: is it the work or the work environment and co-workers? Are you financially insecure? (Experts advise not to base any decision solely on the basis of money). Are you stuck in the same position doing monotonous work for years, with limited scope for change if any? Are you losing the motivation? Have your priorities changed? Do you yearn for work-life balance? Are you not passionate about the job anymore? Do you simply want to search for a new ‘meaning’ to your life?

Being emotionally and financially strong

If you are still early on in your career, there may be fewer things to worry about before switching careers. However, if it is a mid-life or mature career change, make sure you sort the emotional and financial ties.

Get support

Communicate your thoughts and vision to your family, friends and colleagues. While some of them may discourage you and urge you to take sane decisions, it is important that you have a cushion of support around you at a time you would need it most.

Take small steps 

Do not quit your current job until you find a new one, even if you feel being on the fence and frustrated. Start intensive research in the industry you envision yourself to be in and look for the skills required for those jobs. Make sure to update and personalize your resume for different jobs you may apply to. Explore free resources online for resume and skill development. Now is the ideal time to invest in yourself.

Build and Dive into your Network

Networking is the key to job search. While making conversation and networking may seem out of your comfort zone, you will be amazed to find how valuable a resource people are. Reach out to your contacts or build a network on social media for informational interviews that will not only help you understand the jobs you are interested in but if you are impressive enough they may even consider you for any open or potential positions!  Consider volunteering for different organizations or events to build your network.

Consider further education

While some of your skills from the previous job are transferable, you may have to consider getting another degree. Some jobs may require you to have a certain professional qualification and association, or a Master’s degree. While in a job and considering a career change, you may not want an education debt and going back to school full time. Online education is the solution that will not only fit your busy schedule but also not burn a hole in your pocket. Robert Kennedy College offers Online Masters programmes in exclusive partnership with the University of Cumbria, University of Salford and York St John University. Download the catalogue to know more about the programmes.

I am sure the points above give some food for thought and changing careers does not seem to be as intimidating. If you approach the change radically, it looks more like an achievable dream. We would love to hear from you how you coped with career change. Share your story and advice in the comments below. 

York MBA: The Residency

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Quite often we get one of these four questions:

What is the purpose of the residency? What happens during the week at the residency? Why should I attend it? And why is it important?

What better way to have the answers to these questions than to hear it from our alumni and faculty themselves!

The MBA programmes are taught mostly online via OnlineCampus (an interactive online learning environment) with intensive class discussion and collaboration, plus a one-week compulsory residency. Depending on your programme, the residency is held at two locations, Robert Kennedy College in Zürich and at the University campus in York, United Kingdom, both organised and taught by University faculty.

Dr. Brendan Paddison, Director of Post Graduate Studies says, “One of the unique aspects of our programmes with Robert Kennedy College is the blended delivery.”

Here’s what student and faculty have to say about the residency.

“The people who take part in these residencies find them very rewarding, both in terms of amount of energy that they generate, the friendships that they give rise to and the insights that people get into the experiences of those who are working in quite different organizations”, says Dr. George Boak, YSJ Senior Lecturer – Leadership and Innovation.

The residency is held several times during the year offering flexibility to fit your busy work schedule. The only pre-requisite is to have completed at least one module before taking residency.

Cristina Rettig, PR Manager – Glass Manufacturing (Germany) 2018 Graduate found the Residency an essential part of the MBA Programme. She adds, “It’s fantastic to have this online system. It gives you freedom, you can plan your own schedule. But I think to really draw people into it, the residency to me is a really essential part. I loved it, I loved the residency, I found it great!”

Follow the link to find out more about the Online Masters programmes: https://york.mba/catalogue

Make the possible happen

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We are proud to announce the launch of the New Mobile App for York St John University. The launch follows the recent announcement by RKC of its another mobile app for the University of Cumbria.

The mobile app enables us to connect better and easier with prospective students. The Mobile App is a comprehensive tool developed to provide important information at your fingertips. This includes the programmes offered, module description, fees, duration and FAQs. And for an application submitted through the App, the application fee is waived! This user-friendly App is available to download on both Android and iOS devices.

Check out official York St John University website to find out more details about the mobile app.

You can download the app at: 

Androidhttps://play.google.com/store/apps/details?id=swiss.rkc.yorkmba

Apple iOS https://apps.apple.com/gb/app/york-mba/id1468315778

Women in Higher Education – The History and The Future

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Dear Readers, I am going to present this blog as a two part series. This week, in Part 1, I reflect and reminisce through the long history of women’s education. In the impending blog, we will explore how the history unfolded and revolutionised in the 21st century of Online Learning.

I feel blessed and grateful to my parents who stressed upon the importance of education and always encouraged me to attain higher levels of education. As a young girl, primary education came but naturally to me. Equal opportunities and maybe better than my brother, were provided to ensure I receive quality formal and university education. But this has not always been the case back in the history of women’s education. As a woman, today I feel grateful to those who fought for, liberalised movement and demanded rights rather than asking for concessions.

Medieval, Early Modern Period and Georgian time : There were not many educational opportunities back in the medieval times. The education was mainly the responsibility of the Church or the families themselves. Girls were usually not the part of education system run by monks and nuns unless the girls wanted to become nuns themselves. Family system though seem to include girls, however only so they could lead their households successfully in future. Early modern period saw some freedom by consequence of education. The Georgian time resiled back to limited scope and avenues for women’s education. It was the time when despite increasing literacy rates and supporting movements like bluestocking movement; the concept of ‘separate spheres’ began gaining momentum. It meant segregating roles of men and women, with men incharge of the outside work world and women responsible for family upbringing and household.

The Victorian era: With the advent of Industrial Age, increasing number of men went seeking mechanical, trades and techinical education. There was n increasing pressure from women as well around the time to provide them equal opportunities and avenues of education. New educational institutions, founded by influential women, sprung up like Cheltenham Ladies’ College in 1853, and Roedean School in 1885. Also establishment of Education Act in 1880, laid the foundation of compulsory and free primary education. Not only did formal education advanced, women got free reign in University Education in Victorian era. In 1878, University of London became first university in the UK to award degrees to women.

  • Source: London.ac.uk

The Women’s Liberation Movement: The women’s liberation movement (WLM) was a political alignment of women and feminist intellectualism that emerged in the late 1960s and continued into the 1980s primarily in the industrialized nations of the Western world, which affected great change (political, intellectual, cultural) throughout the world. Women’s Liberation Movement as a whole was much aided by the opportunities offered to a post-war generation of girls who had been able to get into the grammar school system, and the opportunities offered to them at these schools. The Women’s Liberation Movement held a series of conferences around the country to demand equal pay, equal educational and job opportunities, and legal and financial independence from men, among other things.


3 British Universities, 31 Online Programmes to choose from

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Robert Kennedy College is a private educational institution in Zürich, Switzerland that was founded in 1998. RKC is a pioneer in online education and provides Swiss Quality Education from Universities based in the United Kingdom. Thus our slogan “Swiss quality, British tradition”. At Robert Kennedy College, we offer Online Masters programmes in exclusive partnership with three British Universities.

 

 

Our Education Partners:

  1. University of Cumbria

The University of Cumbria is ranked on the Guardian University Guide. A number of courses come out “Top in the North              West” and the university is Ranked in the Top Three in the North West for Business and Management studies. The University offers a high-quality learning experience in a supportive environment which enables students to achieve their personal and professional potential wherever they study. RKC in collaboration with University of Cumbria offers Online MBA and LLM Programmes. You can choose from the wide array of specialisation that suits your career requirements; from MBA in Leadership and Sustainability, MBA International Healthcare Management, MBA Media Leadership to MBA Energy and Sustainability and MBA Finance and Sustainability are the most popular courses amongst the students worldwide. Online Master of Laws LL.M is offered in International Business Law. The University of Cumbria is ranked 15th in the United Kingdom in the Guardian University Guide for Law (2014).

2.  University of Salford

Thanks to an exclusive partnership with the Robert Kennedy College in Zürich, Switzerland, the University of Salford Business School MSc Programmes in Global Management, Project Management, Financial Services Management, Marketing, and Procurement, Logistics and Supply Chain Management, Human Resource Management and Development, Information Systems Management, International Banking and Finance and LLM International Commercial Law are now available on a global basis via online learning. In this video, Prof. Dr. iur. David Costa, Dean Robert Kennedy College, explains why you should consider RKC to pursue your Master of Science, MSc Programme:

 

3. York St John University

Today the University is based on an award-winning campus in the centre of the ancient city of York where its students study a broad range of subjects. It has a highly recognised reputation for its teaching and learning, and a wide network of regional, national, and international partnerships which now includes Robert Kennedy College. Programmes offered include MBA Leading Innovation and Change and MBA Management Consulting amongst four other specialisations. Verify our exclusive partnership with York St John University here.

Talk to our education advisor today, to know more about the Online Masters programmes offered.

 

 

Master’s…Now or Later?

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A majority of the people struggle with this question, whilst contemplating to pursue a Master’s: should they start their Master’s now or later? Being at different stages of their lives, prospective students find the reasons to postpone the Masters primarily are lack of time (they have full time and demanding jobs), their jobs require them to travel a lot, lack of money and family responsibilities. So when is the right time to pursue your Master’s? Right after you finish your undergraduate degree? Or rather wait for couple of years and then become a student again?

There are on set ways and either approach works for different people.

Advantages of starting your Master’s right after finishing your undergraduate degree:

  1. Still in a habit of studying : People start working right after undergraduate degree to earn a salary, support life-style, family, buy house etc. and the delay becomes indefinite. When you start your Master’s early, you are still habitual to studying, attending classes, submitting assignments, without having to worry much about other chores of your life.
  2. Peer Support: Everything gets harder as the time flies. Generation gaps are huge these days, even between first and second year students. So when you start early, you will find peers of your age and generation and the support and understanding is better.
  3. Be able to plan ahead and define better goals: After completing your undergraduate degree you have a fair idea of what you want to do and where you want your career to head. A Master’s degree will help plan your future better and give it a definitive direction in the field you want to be in eg. Finance, Healthcare, Media, Human Resources, project or Information systems management.
  4. Give you an edge in job market: Appearing for a job interview and having a Master’s degree already on your resume, will give you an edge and put you way ahead of others.

Advantages of starting your Master’s later in your professional lives:

  1. Switch careers: This is one of the most popular and easiest way to switch your careers to different fields, no matter what stage of your career you are in. You can start alternate careers or even enrich your existing jobs with new knowledge of the Master’s degree.
  2. Fund your Masters: When you have worked for a couple of years, it becomes easier for you to fund your Masters’ yourself or even secure an education loan. You find yourself in a better position financially.
  3. Build a valuable experience: Most of the students studying online bring with them vast seas of practical knowledge and add to the quality of the course in group assignments, interactions, and discussions. You are able to apply the theoretical knowledge of the course to the practical business world in real time with the online programmes.
  4. Clarity of life and career: you would have a better vision and aim for your life and know exactly where you want your career to head.

 

Download our course catalogue, and speak to our advisors today about the next intake.

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