Being financially literate is important for every person in their professional and personal life. Choosing to become more educated in financial lessons can help a person immensely.
In terms of personal finance management, being a financially educated person can help one formulate strategies for budgeting spending, money saving concepts, debt management and investment techniques.
Knowing financial education can help individuals in their career advancement, entrepreneurship, making informed decisions, planning for future/retirement etc.
For individuals who are confused about where to start training or learn such financial concepts, Tata Consultancy Services (TCS) is offering 3 free financial courses for individuals who are interested in learning these concepts .
Following are the 3 free financial courses offered by Tata Consultancy Services (TCS):
- Basics of Money Management
- Understanding Market Risk in the Financial Sector
- Understanding Risk Management in the Financial Sector
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Basics of Money Management:
In this free course provided by TCS, participants can learn more about the basics of money management.
Wealth management essentially involves structuring and planning of money. It assists in investment planning by combining elements of various financial disciplines such as portfolio management and financial planning.
Through wealth management, consumers can be guided through different stages of their financial life cycle. Proper management of money is necessary to avoid financial problems. The official website states that basic knowledge of wealth management is essential for individuals looking for a career in the financial services sector.
Who can take the course?
- undergraduate or graduate student
- A job seeker or working professional who wants to upskill in the financial services sector
What will you learn in the course?
- Understanding wealth management, private banking and asset management
- Understanding the Key Factors in Money Management
- Role of front, middle and back office in wealth management
This course can be completed by participants at their own pace and a participation certificate will be awarded upon completion of the program.
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Understanding Market Risk in the Financial Sector:
TCS is offering this free course for individuals who want to understand market risk in the financial sector in depth.
Market risk can occur due to various reasons like uncertain economy, environmental disasters, political conditions etc.
Market risk is the possibility of financial loss as a result of the overall performance of investments in the financial markets. According to the official website, it occurs due to price volatility or changes in stock, currency or commodity prices.
Who can take the course?
- undergraduate or graduate student
- A job seeker or working professional who wants to upskill in the financial services sector
What will you learn in the course?
- Concept of market risk and its types
- Market Risk Measurement with VaR, Stress Testing and Back Testing
- Market risk assessment
This course can be completed by participants at their own pace and a participation certificate will be awarded upon completion of the program.
Understanding Risk Management in the Financial Sector:
Financial risk management is the practice of protecting a company’s value by managing its operational, liquidity, market and credit risk risks.
It is essential because it involves evaluating the company’s financial risks and developing strategies to support corporate goals and policies. The four basic financial risk management approaches are risk avoidance, risk mitigation, risk transfer and risk retention.
Interested individuals can understand better about financial risk management concepts through the free course provided by TCS.
Who can take the course?
- undergraduate or graduate student
- A job seeker or working professional who wants to upskill in the financial services sector
What will you learn in the course?
- Overview of Financial Risk and Types of Risk
- Risk Analysis – Quantitative and Qualitative
- Framework for regulation of risk
- Financial risk management process
- Ways to deal with risk
This course can be completed by participants at their own pace and a participation certificate will be awarded upon completion of the program.
For more details visit the official website.
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