In response to the incredible rise in mergers and financial transactions all over the world, MBA in Finance has turned out to be one of the hottest streams of MBA fields. Students from this MBA stream are taught subjects which are related to Strategic Financial Management, Security Analysis & Management and Taxation Management. But on the other hand MBA in HR has also gained much significance. Possibly as one of the much popular alternatives for the MBA graduates, MBA HR along with MBA Finance has gained much popularity. The students of HR study subjects like Human Resource Development, Human Resource Planning and audit, Performance Management study, Contemporary issues of human resources at work and Strategic and Workforce Planning.
In additional to HR and finance, there are number of other MBA streams like International Business, E-commerce, Information technology, Marketing, Insurance, banking, hospitality management etc.
One might wonder at times as to how MBA in HR or finance helps an individual in his career? MBA in Finance is now days one of the most desired and opted specialization by the students who desire making their career in this MBA field. Specialization in finance is amid the most favorite ones among the students now days as it is widely demanded by the corporate sectors. The changes in the global economy have made finance the most favorite subject for students and a necessity for the employees of corporate sector.
With open market policy gaining significance, the number of MBA Finance students has increased to great extent. Students with specialization are possible to search employment in various industries like investment, banking, and stock market and so on. The growth in stock market of India has also opened a wide avenue for the finance students of MBA. The progressing stock market has produced great demand for MBA streams like finance and insurance, hence forth giving more scope to careers like portfolio managers, equity advisors, financial experts and stock brokers.
Another upcoming demand of corporate sector is MBA HR as they want candidates who have specialization in this particular field so that they can handle the challenging and intellectual work easily and efficiently. The HR program is for 2 years and is provided by almost all colleges in India. The main topics which are taught in this field are Psychology, Organizational Behavior, performance appraisal, ethics in establishments, winning across cultures, management applications, team building, negotiation and counseling etc.
The candidates who have pursued their specialization in Human Resources are offered prosperous, attractive and lucrative packages. This sector is undergoing advancement and growth in every aspect with the passing phase, thereby establishing the modifications in HR MBA degree. The management field is generally the one which demands MBA (HR) executives to survive the balance in any corporate sector. Human resources are very important asset of any organization and it is duty of HR executive to look after their needs and well being.
So if you are wondering which specialization is best, worry not. All MBA fields have their own significance and importance. It all depends on the qualities, interest of the respective candidates for what they want to opt for or make their career with.
Showing posts with label Much. Show all posts
Showing posts with label Much. Show all posts
Wednesday, October 31, 2012
Wednesday, July 25, 2012
Home Loan Calculator - How Much Can You Borrow?
Getting different answers from different home loan lenders?
Home loan lenders use many factors to work out what you can afford to borrow. Each has their own policies, resulting in different answers. Below are some of the key criteria common to all lenders.
Income
Your income is the key to how much you can borrow. Your home loan lender will look at the amount of income you earn and also the type and regularity. Part-time earnings or overtime will be viewed more favourably if earned consistently over an extended time.
Your present expenses and debts
When reviewing your ability to repay a loan, home loan lenders want to know that you can also meet your other commitments, including credit cards and personal or car loans.
It may be wise to minimise or reduce your other loans and expenses before seeking home finance.
Also consider asking your lender how your maximum borrowing limit may change if you consolidate any debts with your home loan.
The lower your other loans and expenses, the more income you can allocate to home loan repayments - increasing the amount you can borrow.
What type of borrower are you?
To gauge what you can afford to pay, mortgage lenders consider the kind of work you do and the number of people linked to your application, including children and any other dependants.
Loan purpose
The amount you can borrow changes according to the purpose of your loan.
Property investors can often borrow more than owner occupiers with similar criteria this is because lenders calculate the benefits from negative gearing when doing the calculations.
Location and property type
Property prices do fluctuate and lenders will often limit the amount they will lend in certain areas and property types. It's wise to contact your lender if you plan to buy in a unique location like the inner city or an outlying regional area or are considering a property that is non-standard' in size or construction style.
Interest rate and loan term
The interest rate and loan period affect the amount you can borrow the higher the interest rate or the shorter the loan period, the higher your repayments. Your home loan lender may use a factored rate when doing your calculations. This is the standard rate plus a margin to ensure you can make payments in the event that rates rise.
Your deposit amount
This is a key factor in determining the amount you can borrow as it is linked to the loan-to-valuation ratio (LVR). A maximum 95% loan-to-valuation ratio is common, although 100% home loans, where no deposit is required, are also available from some lenders.
For a loan set at 95% of a property which is worth 0,000, you will need at least ,000 before costs. For a property worth 0,000, the minimum deposit rises to ,500.
The golden rule
As a rough guide, when taking out a home loan in Australia you can generally borrow between three and four times your total gross income, although it will vary on a case by case basis.
The first step is to obtain a home loan quote from your lender. This will help if you are going to auction or need to figure out how much to save, for your new home.
Home loan lenders use many factors to work out what you can afford to borrow. Each has their own policies, resulting in different answers. Below are some of the key criteria common to all lenders.
Income
Your income is the key to how much you can borrow. Your home loan lender will look at the amount of income you earn and also the type and regularity. Part-time earnings or overtime will be viewed more favourably if earned consistently over an extended time.
Your present expenses and debts
When reviewing your ability to repay a loan, home loan lenders want to know that you can also meet your other commitments, including credit cards and personal or car loans.
It may be wise to minimise or reduce your other loans and expenses before seeking home finance.
Also consider asking your lender how your maximum borrowing limit may change if you consolidate any debts with your home loan.
The lower your other loans and expenses, the more income you can allocate to home loan repayments - increasing the amount you can borrow.
What type of borrower are you?
To gauge what you can afford to pay, mortgage lenders consider the kind of work you do and the number of people linked to your application, including children and any other dependants.
Loan purpose
The amount you can borrow changes according to the purpose of your loan.
Property investors can often borrow more than owner occupiers with similar criteria this is because lenders calculate the benefits from negative gearing when doing the calculations.
Location and property type
Property prices do fluctuate and lenders will often limit the amount they will lend in certain areas and property types. It's wise to contact your lender if you plan to buy in a unique location like the inner city or an outlying regional area or are considering a property that is non-standard' in size or construction style.
Interest rate and loan term
The interest rate and loan period affect the amount you can borrow the higher the interest rate or the shorter the loan period, the higher your repayments. Your home loan lender may use a factored rate when doing your calculations. This is the standard rate plus a margin to ensure you can make payments in the event that rates rise.
Your deposit amount
This is a key factor in determining the amount you can borrow as it is linked to the loan-to-valuation ratio (LVR). A maximum 95% loan-to-valuation ratio is common, although 100% home loans, where no deposit is required, are also available from some lenders.
For a loan set at 95% of a property which is worth 0,000, you will need at least ,000 before costs. For a property worth 0,000, the minimum deposit rises to ,500.
The golden rule
As a rough guide, when taking out a home loan in Australia you can generally borrow between three and four times your total gross income, although it will vary on a case by case basis.
The first step is to obtain a home loan quote from your lender. This will help if you are going to auction or need to figure out how much to save, for your new home.
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