Are you a business major or account manager? Real estate agent or loan officer? Maths for finance related fields require a specific set of skills. You may need help if you find yourself in fields that rely on accounting maths or especially if you are re-entering the job world and are competing with full time students.
If that’s the case, it’s important not to be shy about the challenges you face. Finance tutors can help, and they can help in many ways.
First of all, finance tutors are unusually enthusiastic about their subjects. Financial management, statements, and performance can be dry when they are not taught by someone in the field who gets excited by the order and intricacies. Understanding the value of the four basic financial statements can become like appreciating the map to the pirate’s buried treasure. And learning how to use them can be an illuminating learning experience.
Interestingly enough, one of the main markets for finance tutors is overseas. Students and business people who want to create a better future for themselves, their families, or their countries are looking to the financial world for good jobs and ways to create more income.
These students and business men and women want a comprehensive finance tutoring program to help them understand more than the basics. If you find yourself in this situation and are looking
Here is a checklist of topics. When you choose a finance tutor find out if they are knowledgeable in all these areas and can cover them for you:
Basic Financial Tutoring:
-Role and objective of financial management
-Four basic financial statements
-Analysis of financial statements
-Analysis of financial performance
-Overview of the financial environment: markets, institutions, interest rates, and taxes
-Risk and rates of return
-Time value of money
-Bonds and their valuation
-Stocks and their valuation
Advanced Financial Tutoring:
-Cash flow estimation, decision criteria, and risk analysis
-Capital structure and leverage
-Cost of capital
-Capital budgeting
-Dividends and share repurchases/treasury stock
-Distributions to shareholders
-Financing current assets/managing current liabilities
-Financial planning, budgeting, and forecasting
-Managing current assets/working capital
With the popularity of internet businesses on the rise, more and more individuals are getting involved in some kind of commerce. The dot com boom made stocks become a household word even among students. It opened up the financial world to everyone in a new way. All of the sudden everyone could play the stock market.
I did. Not that I really understood what interest rates, risk and rate of return, time value of money, the valuation of bonds and all those other financial terms meant. But I bought online, heard about a little startup called EBay, and entered the financial world.
Now if I had thought about getting a finance tutor, things would’ve been much different. I can see in retrospect – isn’t hindsight always 20-20? – that a finance tutor could’ve helped me channel my intuition into a more sound and sensible strategy. Such tutoring services might be able to assist you as well.
So if you are a casual investor, if you’re trying to stretch your income intelligently, think about getting a finance tutor to help you understand the basics. There are books that you can follow and with a few sessions with a good instructor, you can realize a degree of independence that will truly help you.
To assist you further in learning skills closely related to finance, explore math tutoring and tutors as well as statistics tutoring.