What is The Career Growth After Doing Corporate Finance From Australian University?

What is The Career Growth After Doing Corporate Finance From Australian University?

If we talk about the most difficult part of a student's life is choosing a university for their higher education. They must consider several factors: the best college for the chosen course, college location, importance of accreditation, student-professor ratio, available scholarships, safety, internship and placement ratio, etc.

Australia is considered one of the most preferred destinations to study, which attracts thousands of international students from all over the globe to enrol on the study. Aside from being a lovely place to visit, Australia boasts a strong and competitive economy and cordial international connections. International students pursuing education in Australia can obtain a Permanent Residency and post-study career opportunities. Compared to India, Australia has a higher per capita income (USD 55,707 in 2017) because it is the second wealthiest country.

In Australia, you will find several courses available to overseas students, but some offer more than average profitable employment options; one subject is Corporate Finance. This program is for students interested in corporate finance, whether domestic or international. If you are a student enrolled in a corporate finance course, you must be aware of the career growth you can expect after completing your course. Our corporate finance assignment helped experts have discussed some important areas for corporate finance graduates.

• The FP&A Manager: Heads the management accounting department.
• The Controller: Heads the financial accounting department.
• The Treasurer: Heads… the treasury department!

Career Path #1: Financial Planning & Analysis (FP&A)

Financial Planning & Analysis is also known as Management Accounting in some firms. However, this department oversees the Profit & Loss Statement and forecasts the "bottom line" of a company. Net Income can be one of the essential bottom lines for any company.

If you are willing to work in financial planning and analysis, your key goal will be to offer the CFO a good sense of the P&Ls over some time. Consider:

• Analyse whether the net sale will grow or will come down depending on the projections
• Will the marketing expenses and the Cost of Goods Sold be out of line when there is an upsurge in revenue?

You also define income and expenditure targets for each operating department, such as Marketing or Operations. Then you collect data to see how near the agencies are to achieving their objectives.

Corporate finance expert responsibilities in FP&A require a great deal of variance analysis and data consolidation to determine what went awry or correctly in the previous quarter.

You can also run adhoc analysis on key metrics like plan or employee compensation expense vs Sales volume vs estimates. The experts providing the best finance assignment help in Australia say this is the most significant department since it specifies where the organisation will be in five years.

Organisation

Employees working as Senior Analysts hold charge of a particular product. They lead a team of certain Analysts and propose a product report to the FP&A Manager.

Salary and Benefits for FP&A

Salary varies greatly based on the firm's size, but here's an example of what you might get at each level:

• Base compensation for an entry-level analyst is USD 70,000.
• Senior Analyst's base compensation of $100-130K USD, plus bonuses.
• FP&A Manager can earn up to USD 200K for a smaller P&L; a Global FP&A Manager can earn seven-figure compensation.

Bonuses are highly influenced by the company's financial health and the supervisors' ability to properly estimate performance.

It may take you 3 or 4 years to advance to the senior analyst position, plus an extra 4-5 years to advance to the level of local FP&A Manager.

Moving further is uncertain and tricky, and the timing varies heavily based on the company's growth and your performance.

Career Path #2: Controllership

Financial accounting or controllership has a nasty reputation: several people know that working in finance and accounting implies being a dull, routine accountant spending all day examining journal entries. The finance assignment help professionals say that this is only a single aspect of the story. There could be several things like controlling the balance sheet, ledger, etc. 

You must make a judgement when a financial reporting difficulty arises so that your income reports can properly and accurately represent the performance of a business. Being an analyst, your job is to determine the link between the accounting department and others. The following is the job role distinction between an accountant and a CFO do:

• Accountant: Eliminate mistakes so that the financial accounts don't have to be restarted later.
• CFO: Achieve his Net Income goal, even if it means "taking certain liberties" all along the line.

To meet the Net Income objective, a CFO is encouraged to be more "assertive" with his bookkeeping. As a result, he may advocate for measures that lead to possibly deceptive income statements:

• He may simply label additional expenditure as Capital Expenditures rather than Net Earnings, so it doesn't affect the bottom line.
• He may attempt to alter the timing of some expenditures or the firm's cash recognition procedure to improve Net Income.

As an accountant, you must handle both sides, ensuring that the CFO is satisfied and that the income accounts are correct and do not mislead shareholders or managers.

You must ensure that accountants will be able to comprehend everything and will not ask you to explain the results.

Audits are a key element of corporate finance because you'll be giving auditors the relevant financial statements.

Organisation

Traditional accountants are organised by commodity or geography, and you must coordinate their efforts for them to correctly book transactions.

Three to four Analysts, overseen by a Senior Analyst, operate on the "finance-oriented" side, wherein non-accountant profiles are employed. Financial accountants hold the charge of preparing income reports and all of the following jobs and obligations.

As the department's chief, the Controller works under the CFO directly.

Controller Salary and Lifestyle

Congratulations if you want to be specialised in traditional accounting. Here, you exemplify the phrase "work-life balance."

You can work 40 hours per week – no more, no less – and are compensated as follows:

For an entry-level position, expect to earn between $40 and 50 thousand dollars.

However, if you're reading this, you're presumably keener on controllership's "dynamic" side: becoming a CFO.

In such a situation, your hours, compensation, and career path will be comparable to the Finance and accounting roles mentioned above.

Career Path #3: Treasury

Treasury is in charge of all cash and working capital issues. Students studying accounting must be aware that Net Income may be altered in various ways. For example, cost recognition and revenue can be changed; spending can be reclassified as capital spending, etc. However, they can't hide how much money they make or lose.

The business will die if it runs out of cash and doesn't have access to a credit line. That is why the Treasury Department is so vital.

During the job period, you might be asked to anticipate how much cash your organisation will need in the future as a Treasury Analyst. You must then ensure that this quantity of money is available when needed.

You can do so using various strategies, including issuing bonds, raising equity, borrowing through corporate debt, and negotiating lines of credit with banks.

You communicate with lenders and companies regularly to get finance and support, which is one of the factors you collaborate with banks' Debt Capital Markets (DCM) units.

You're also in charge of balancing the cash positions of all of the firm's accounts to ensure that none of them is negligible and losing you money.

On the other hand, you must invest short-term funds to help you receive some interest income.

Want to learn more about the type of financial modelling? You can connect to our corporate finance assignment help experts.

Organisation

The industry highly influences the strength of the Treasury team. Because a bank must cope with capital ratios, liquidity, and stringent regulations, having a bigger Treasury team is increasingly vital.

On the other hand, an industrial corporation might have a significantly smaller Treasury team because cash positions and liquidity are less important daily.

Each Analyst has a certain area of expertise. It ranges from cash position projection to bond issuance, and the Treasurer oversees them all. For investment banks or individuals, Treasurer can be said to be a key point of contact.

Lifestyle

Being a Treasurer might be a pleasure if all runs smoothly and the business produces a lot of working capital. If the company is in a cash shortage, on the other hand, the Treasury meeting will be held with the CFO regularly to discover solutions.

As a result, the hours fluctuate greatly and depending on the demand and position of the firm; you could be performing anywhere from 40-50 hours per week to 80-100 hours per week."

Treasury Salary

Because of the frequent contact with lenders and shareholders, Treasury employees are often more senior than those working in FP&A and Controllership – and their wages reflect this. Here's a quick rundown:

• Analysts: $70 to $90,000 USD
• Senior Experts: $100-170K USD plus a bonus of up to 15%
• Treasurer: He's usually one of the best employees of the "corporate finance jobs" team, and he's generally the next highest-paid just after CFO, with a salary ranging from $200K to USD 4MM.

Yes, there is a broad array that completely depends on the size, health, and development pace of the firm and the position of the Treasurer.

To work for any of the above positions, you must have at least a Bachelor's degree in Corporate Finance and adequate knowledge of the subject. Australia can be the best option to study Corporate Finance as it offers several top-ranked universities with the highest employment rate. Moreover, you will be assigned several assignments with different corporate finance topics during the study. These assignments are to be written after a well-research. This process will help you understand the type of assignments and gain subject knowledge. At certain stages, coping with these assignments can be difficult for students, and thus they need someone providing the best corporate finance assignment help in Australia.