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Want to work in finance? Knowing your tech is an advantage

9th May 2018 Posted by: Duncan Chisholm - Editor

THE finance and accountancy industries are no different to any other when it comes to the importance of working with cutting-edge technology. 

So how can would-be accountancy experts and financial gurus get to grips with the tech they're likely to encounter during their financial careers?

fintech accountancy and finance

The software you're almost certainly going to come across

As you'd expect, the software used by accountancy and financial professionals is chosen on the basis that it is capable of crunching huge numbers and multiple sets of data.

Like any software for any purpose, there are lots of accountancy and finance programs out there.

But like the age-old Microsoft/Apple duopoly for home computing, some programs are more trusted than others in the accountancy and finance industry.  

You’d be wise to start by trying to take a look at SPSS software, which is used for statistical analysis, and which has been around for a long time.

Getting to grips with this software would probably be an advantage if you’re thinking of going into any industry where numbers-based decision making is a given.

If you’re walking into a graduate job interview for any industry involving numbers-based decisions and crunching data sets then we’d wager you would be at an advantage with at least a little experience of SPSS.

But if you’re able to actually get practice using SPSS, then we’d bet that you’ll be awarding yourself an advantage from the start of your accountancy and finance career or any career involving data. 

Another favourite among accountancy and finance firms is Eview.

Eview is commonly used to analyse not only datasets but changes in data over time.

Imagine you’re building your accountancy career and you need to make projections about the economy to see how it could affect clients’ businesses.

Or imagine you’re working in finance and you need to analyse the performance of an investment over the long term.

In both cases, it’s likely you’ll have Eview, or a close equivalent, at your disposal.

If you’d like to find out more about the Lincoln International Business School MSc in Accountancy and Finance, take a look at our profile for the course here or continue reading below...

fintech accountancy and finance

Get familiar with accountancy and finance tech - or even better, get practice

Cliched sayings are boring to some because they perhaps reveal over and over basic truths that are hard to argue with.

But at the risk of boring some, was there ever a truer saying than “practice makes perfect’?

If you’re interested in working for particular employers who can offer you an accountancy career or finance career during an internship or after graduation, why not contact those employers and ask what programs they use?

Then make it your goal to get at least some familiarity with those programs.

But of course getting long-term practice would really build your skill set to give you an advantage.

It’s unlikely you’ll be able to get access to professional software like SPSS or Eview unless you’re working for someone who is able to afford a professional subscription.

But you’ll want to be putting your energy into building your accountancy or finance career, not working somewhere where you’d get access.

So what’s the solution?

We’d suggest making the inclusion of tech like SPSS and Eview a key consideration when you’re deciding which university course to sign up to.

Again, you could make contact and find out straight away.

The department where you’re thinking of studying accountancy and finance in future could easily tell you. 

If you’d like to find out more about the Lincoln International Business School MSc in Accountancy and Finance, take a look at our profile for the course here or continue reading below...

fintech accountancy and finance

What should you expect from a course including accounting and finance software practice?

If you’re at undergraduate level, you could still be thinking of a large range of potential career paths.

But it’s often different for postgraduate students.

Postgraduates could have whittled down their preferences over a number of years to be close to sure about where they want to go next after the complete their accountancy and finance MSc. 

It’s reasonable for postgraduates to demand exposure to a higher proportion of practice-based modules included in their studies.

So let’s say you’re considering an MSc in Accountancy and Finance, and let’s say you understand how advantageous a solid understanding of the industry standard tech could be for your career.

You could award yourself a skill set advantage by considering the MSc Accountancy and Finance taught by our partners at the Lincoln International Business School.  

That’s because they provide the option for postgraduates to get to grips with quantitative financial methods using software actually used by professionals, like Eviews.  

The software plays a central role in teaching the quantitative methods you’ll need knowledge of to start your accountancy or finance career.

If you’d like to find out more about the Lincoln International Business School MSc in Accountancy and Finance, take a look at our profile for the course here or continue reading below...

fintech accountancy and finance

Why choose Lincoln International Business School?

Let’s start with the teaching you’ll receive to help build your skills.

The University of Lincoln, where the Lincoln International Business School is based, received a TEF Gold Award for their teaching – that’s the highest award possible.

The teaching staff come from a variety of business backgrounds, meaning you’ll have plenty of experience to draw on.

And the accountancy and finance MSc course is also accredited by the Chartered Institute of Management Accountants (CIMA) and the Association of International Accountants (AIA).  

In fact, MSc Accounting and Finance students will be exempted from certain CIMA, ACCA and AIA papers when professional examinations come around.

If you’d like to find out more about the Lincoln International Business School MSc in Accountancy and Finance, take a look at our profile for the course here.

 

This editorial was sponsored by the University of Lincoln, which received a TEF Gold Rating for teaching in the latest survey results. So if you’re interested in studying at the University of Lincoln, take a look at the section of their website dedicated to international students here.

 

 

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