Published - Mon, 26 Dec 2022

Top 5 Reasons to study finance in 2023

Top 5 Reasons to study finance in 2023

Top 5 Reasons to study finance in 2023

Finance degrees are a good alternative for people who want to learn about how the global economy works and the secrets of money, investments, and financial freedom.

Despite being one of the world's oldest sciences, finance remains one of the most popular academic areas because we make financial decisions every day, big or small.

That being considered, would a finance degree be valuable in 2023? If so, why should you focus on finance?

Students must be thoroughly informed about funding possibilities such as education loans, career selection based on financial abilities, financial independence, and so on. Students are prepared for anything when it comes to making sound financial decisions, whether they are starting secondary school or looking for a job.

Finance occupations are well-paying and in high demand.

Everyone in today's society and economy relies on financial tactics and concepts. From small start-ups to major enterprises, from tiny stores to multinational supermarket chains, from law firms to insurance companies, all require finance expertise and are prepared to pay a high salary for expertise in this discipline.

In India, financial analysts' salaries are 76% higher than the national average. The highest remuneration packages offered by companies to these specialists can occasionally exceed INR 16 lacs per year.

Financial knowledge is necessary for a prosperous life.

Let's face it: Knowledge is power, and the more financial knowledge you have, the better in a capitalist environment. In theory, at least.

Because it is one thing to grasp finance, money, and investing. However, utilising this information, taking risks, and being prepared to make errors, lose money, and start over are what separate success from failure in personal finance.

As a finance student, you will study a variety of courses and ideas that will assist you in:

  • Recognise that money has a way of making every decision emotionally charged.

  • Understand the distinction between assets (which put money in your pocket) and liabilities (which take money out of your pocket) (which take money out of your pocket)

  • Learn how to save money and set aside funds for emergencies, children's education, travel, retirement, and so on.

  • Discover how to invest and where to invest.

By studying and using these financial ideas in your life, you will find it much simpler to keep track of your money, cut needless spending, and gradually move towards financial independence – a goal that very few people can afford to achieve.

Finance teaches you the distinction between cost and value.

"Price is what you pay; value is what you get," says Warren Buffett, and it teaches us an essential lesson: just because something is on sale or reduced doesn't mean it's worth the asking price.

This is one of the methods employed by numerous retail establishments because it is effective. People are more inclined to purchase something if they believe they will save money by doing so, even if the so-called "discounted price" isn't worth it.

Allowing ourselves to be a little philosophical, we may see how this lesson, like most financial rules, pertains to life in general. Just because something is simple to execute or does not come at a high cost does not imply that it is worthwhile. Simultaneously, minor risks may have far-reaching consequences.

Finance is far from mundane.

Nobody could have predicted how quickly the financial industry would grow, evolve, and change a decade ago.

The newest trend, for example, is financial technology, or fintech. Cryptocurrencies were all the rage a few years ago. Despite their early fanfare and popularity, they are still utilized and supported by a large number of individuals.

Whatever the next financial innovation is, whether it is a universal basic income, a global digital currency, or something else new, one thing is certain: learning and working in finance will not bore you. It is one of the sectors of our society whose expansion is inextricably linked to the creation of new technology, which implies that advancements are unavoidable.

Online finance courses make it easy to learn.

"I’m currently working a full time job, how I can able to study finance in between. "What should I do?"

In this situation, you should look into online finance courses. You may study them at your own pace without interfering with your job or personal life. It's also a terrific method to save money on things like travel, relocating, buying books, and so on.

An online course in finance may be the best of both worlds if you have a dependable device (computer, laptop, tablet, or even smartphone) and a solid internet connection. The primary advantages are as follows:

  • Study whenever you choose to with expert trainers.

  • Reduced prices: Online financial courses are least expensive with maximum benefits as like our best two courses i.e..,

    • Certificate course in micro lending.

    • Certificate course in plastic money.

The course's starting price is just Rs.999/- which will provide you with vast knowledge in the growing financial fields.

  • Amazing support: chats, discussion forums, Q&As, Facebook or WhatsApp groups, you name it, it's all there including expert trainers and one on one conversation to clear all related doubts.


You must be eager to enroll in a financial literacy course at this point. Before you start looking for the financial literacy course you should enrol in, we have something more interesting to offer! Enrol in Hynolig’s Financial Literacy course, which is tailored specifically to young students like you.

The courses:

What exactly are you waiting for? Go ahead and become the brightest among your peers by learning from the finest in the field!

Created by

Info Hynolig

Certificate Course-Indian Security Market & its Scope

View profile

Comments (0)

Popular categories
Latest blogs
The future of Indian Economy :2031 Economy study
The future of Indian Economy :2031 Economy study
Thanks to global trends and important investments in technology and energy, India is on course to become the world's third-biggest economy by 2027, overtaking Japan and Germany, and to have the world's third-largest stock market by 2030.India already has the world's fastest-growing economy, with an average GDP growth rate of 5.5% over the last decade. Three megatrends—global outsourcing, digitization, and energy transition—are now laying the groundwork for unprecedented economic expansion in the country of over 1 billion people.We believe India is on track to overtake Japan and Germany as the world's third-largest economy by 2027, and to have the world's third-largest stock market by the end of this decade. As a result, India is gaining weight in the international order, and these idiosyncratic shifts, in our judgement, signify a once-in-a-generation shift and an opportunity for investors and corporations.Overall, India's GDP is expected to more than double from $3.5 trillion now to $7.5 trillion by 2031. Over the same time span, its proportion of global exports may treble, and the Bombay Stock Exchange could rise at an 11% annual rate, achieving a market value of $10 trillion.In new research, analysts from various sectors examine how this new era of economic development could bring about dramatic changes, such as increasing India's share of global manufacturing, expanding credit availability, establishing new businesses, improving quality of life, and spurring a surge in consumer spending.In a world that is now starving of development, the potential presented by India must be on the radar of global investors. From 2023 onwards, India will be one of just three economies in the world that can achieve more than $400 billion in annual economic production growth, rising to more than $500 billion by 2028.Global Offshoring Creates a Global WorkforceSince the early days of the Internet, companies throughout the world have outsourced services such as software development, customer care, and business process outsourcing to India. Tighter global labour markets and the growth of remote work patterns, on the other hand, are giving fresh life to the image of India as the world's back office."In a post-Covid climate, CEOs feel more comfortable working from home and working from India," Desai adds. He expects that during the next decade, the number of people employed in India for employment outside the country would at least double, reaching more than 11 million, as global outsourcing expenditure grows from $180 billion per year to about $500 billion by 2030.India is also on course to become the world's factory, owing to corporate tax cuts, investment incentives, and infrastructure spending, all of which are pushing capital expenditures in manufacturing."Multinationals are increasingly optimistic about the possibilities of investing in India, and the government is assisting them by investing in infrastructure and providing land for factory construction," says Upasana Chachra, Chief India Economist. According to research, international firms' confidence in India's investment prospects is at an all-time high. Manufacturing's proportion of GDP in India might rise from 15.6% to 21% by 2031, more than doubling India's export market share.Credit, Digitalization, and the ConsumerWith the launch of the Aadhaar national identification programme more than a decade ago, India laid the groundwork for a more digital economy. Among other things, the system generates biometric IDs to verify evidence of residency and has been crucial in digitising banking transactions.This project is currently a component of IndiaStack, a decentralised public utility that provides a low-cost full digital identification, payment, and data-management system. "IndiaStack is likely to result in a significant shift in how India spends, borrows, and gets healthcare," Desai predicts.IndiaStack offers a wide range of uses, including a network for cutting credit costs, making loans more accessible and inexpensive to individuals and enterprises alike. According to Desai, whose team estimates the credit-to-GDP ratio might jump from 57% to 100% over the next decade, credit availability is a critical component of economic growth.Indian customers are also more likely to be wealthy. Over the next decade, India's income distribution could shift, with overall consumption more than doubling from $2 trillion in 2022 to $4.9 trillion by the end of the decade—with non-grocery retail leading the trend, including clothes and accessories, leisure and recreation, and domestic products and services, among other categories.Energy Transition and AccessEnergy are also important for economic growth since it affects education, productivity, communication, trade, and quality of life. Because of recent modifications to transmission and distribution, as well as other developments, all of India's 600,000-plus villages now have access to electricity. Over the following decade, this might increase India's daily energy usage by 60%.Although India will need to use fossil fuels to fulfil its expanding energy demands, renewables such as biogas and ethanol, hydrogen, wind, solar, and hydroelectric power are expected to supply two-thirds of India's new energy consumption. This might lessen India's dependency on imported energy while also improving living conditions in a country that presently has 14 of the world's 20 most polluted cities. It also stimulates demand for electric solutions such as electric automobiles, bicycles, and green hydrogen-powered trucks and buses."The surge in India's energy demand, in tandem with the energy shift, creates a new market to promote investment development," says Girish Achhipalia, India Utilities and Industrials analyst. "We anticipate that this increase in capital investments will assist to kickstart a virtuous investment cycle, with more employment and income, more savings, and, in turn, more investment."Investing in India's DecadeA lengthy global recession, bad geopolitical events, domestic policy changes, a lack of a qualified workforce, energy issues, and commodity volatility are some of the risks associated with investing in India.While there are obvious differences between the economic growth of India and that of China, many investment themes that have played out or are now playing out in China, such as the emergence of financial services, industrials, and consumer goods, are gaining ground."In the future decade, as India's economy develops, we believe it will be increasingly relevant for global investors in the same way that China is now," Ahya says, adding that India's next decade may mimic China's journey from 2007 to 2012. "We believe that India will provide Asia's most compelling growth potential in the coming years."--------------------------------------------------------------------------------------------------------------------------------------------------------------References:1. Daily Current Affairs November 11 2022: News With PDF2. Breaking News, News headlines, News India - Travel Trends Today3. India Economic Boom: 2031 Growth Outlook | Morgan Stanley4. How is India's economy growing? - FinanceShah5. India Financial Increase: 2031 Progress Outlook6. Budget 2022: In Search Of An Investment Cycle - BQ Prime7. The rush for Indonesia | The Edge Markets

Fri, 06 Jan 2023

Understanding Plastic Money
Understanding Plastic Money
In summary, the majority of payments in India are done using plastic money, or with a debit or credit card.Although it may appear weird, plastic money is a legitimate phrase in finance. Here's what you need to know about it.Money is an essential aspect of our life. But how did the need for money arise? You may recall studying about a barter system in which commodities were exchanged for products, which was followed by an era in which gold and silver coins were introduced. We began to utilise paper notes and coins for economic transactions as humankind advanced. We also employed technology to pay for goods over time.What exactly do you mean by "plastic money"?Cards are increasingly being used instead of cash. These cards are referred to as "plastic money." Plastic money is represented by debit cards, credit cards, or any other cards. Plastic money has made it easier for us to conduct daily transactions. It has mostly supplanted cash payments worldwide and has established itself as an essential source of rapid money. It has made it easier for us to purchase products that we could not otherwise afford using some of the best credit cards on the market.The Advantages of Plastic MoneyPlastic money has several advantages, including:1. Living without moneyPlastic money has not only made our lives simpler, but it has also reduced the difficulties associated with carrying cash. Some of the greatest credit cards allow us to travel the world without carrying cash.2. Increased securityOne advantage of using credit or debit cards is that robberies and crimes are reduced. Hacking a card's PIN is tricky and requires knowledge of certain processes. As a consequence, credit and debit cardholders may be relatively certain that their funds are secure.3. Financial independenceCredit cards enable people to conduct transactions and pay for them even when they do not have the necessary finances. It is really useful, especially if you are low on funds. Credit cards help lessen the need for emergency financial assistance from others. You can fund your demand using a credit card and then pay it back in instalments. Furthermore, obtaining a credit card is simple. You only need to fulfill your bank's credit card eligibility criteria to get the card.4. Transactional simplicityCredit and debit cards can facilitate online payments, fund transfers, and other activities. Making payments with plastic money from any place is quite straightforward. Furthermore, numerous online merchants provide discounts when purchasing using credit or debit cards.5. Exciting promotions and discountsEvery credit and debit card issuer provides shopping bargains and discounts. They can assist you in saving more money and earning rewards on purchases.6. Travel cost savingsTravelling without plastic money might be costly. Credit and debit cards grant access to lounges and fantastic discounts on travel reservations. You cannot enjoy the same perks while paying with cash, making plastic money essential when traveling.Plastic money's disadvantagesPlastic money also has several drawbacks, including:1. It is not applicable everywhere.Certain establishments and shops may only accept cash. Purchasing goods from a tiny trader, for example, or purchasing veggies or newspapers.2. Can lead to debtWhen a person uses plastic money carelessly, they frequently exceed their spending limit and spend more than they can return. This may result in their incurring debt.

Sat, 31 Dec 2022

How to start investing in your 20s
How to start investing in your 20s
You begin working in your early twenties. Your pay is often entry-level. For the first time in your life, you have a sense of financial freedom, and your ambitions are out of this world! Most of us have the tendency to spend our first several years' salary on items and trips. That's fantastic, in my opinion.It is extremely possible that what you save in your first year of employment will be a fraction of what you can save in your 30s. However, early savings practices will serve you well as you become older and your income rises.Above all, do not underestimate the power of compounding. When you are 20 years old, Rs 1 lakh invested at 10% rises to Rs 45 lakh when you are 60. If you invest the same money at 30, it will only rise to Rs. 17 lakh.As a result, it is wise to appreciate your money while you are still in your twenties. However, your parents are correct when they advise you to begin saving.Here are some fundamental guidelines to get you started.Set aside 10-20% of your salary.When calculating your costs, imagine that only 80-90 percent of your paycheck is accessible. You were probably a student until recently, so you understand what it's like to live on a budget.Frontloading your investments, such as by arranging your systematic investment plan (SIP) for the first of the month, investing in your Public Provident Fund (PPF) in April rather than next March, is the best method to ensure you save and invest enough.You’ll lose money due to inflation if you don’t invest your money.The most essential thing to remember is to never leave money in your savings account. Apart from what you require immediately, begin investing the remainder. The concept of money staying in a savings account being "secure" is erroneous.Your money is losing value versus other assets on a daily basis; for example, in 2021, the rupee lost value against stocks, commodities, and other assets due to inflation. As a result, it is critical that you consider saving and investing as part of the same process.It is OK to make mistakes.You will make errors in your saving, investing, and spending. You may invest in something because everyone else is, spend more than you intended, or get lax and fail to start that SIP. It's fine.It is critical to learn from mistakes and adjust the course. It is never too late or too early to begin saving and investing. "The finest time to plant a tree is now," as the Chinese saying says.To Save, Set GoalsDo you want to go to Europe next year? Perhaps purchase the next iPhone? Make a separate fund for these large outlays. Using large goal posts to delay pleasure is an excellent method to develop savings habits.Inform YourselfOne of our education system's major flaws is that it does not teach personal finance in school. As a result, read a few books or watch some YouTube videos about finance, the stock market, and asset allocation; or you can also come check out our articles. This educational investment will provide you with the fundamentals you need to get started on your saving and investing journey.Investing in "Hygiene" BasicsIncrease your provident fund contribution, start a Nifty SIP, and purchase term life and health insurance.Keep in mind that saving is tedious. It's similar to taking care of your health; you have to put in the effort every day.As you begin your career and personal finance journeys, cultivate healthy habits from the start and see them grow.

Thu, 29 Dec 2022

All blogs
Study any topic, anytime. explore thousands of courses for the lowest price ever!