When you are working in a company and especially in the data warehouse, reporting side to show all the detailed reports to the chief executive officer, chief finance officer and chief information officer of the company on the performance of the company you should be able to understand what your reports say. For this it is better that you take masters in finance programs so that you have an understanding of financial terms like what is a general ledger, trail balance and profit & loss accounts.
In addition, you should be aware of the terms like what are account receivables and account payables. What are invoices? All this knowledge helps him present the data he has in his information management system in an organized form to the top heads. Not only that knowledge of these financial terms can make it easy to interact with them well and help you out to understand better what is needed.
Any field you take you will be finally interested in the ultimate finance and revenue figures based on which even the salaries and onetime bonus is also obtained. It is you with the financial knowledge because of your masters in finance programs that help the company had better understand about the financial progress it has or the roadblocks it has is highlighted. If progress is, recorded then necessary actions can improve the same further in future.
However, for roadblocks or the unrealized loss that would show up in just a month is very critical for organization to understand how it can overcome this. However, it is very rare that a company can go into loss in just a month. It has resurrection of steps that could lead to final financial losses. Hence, along with financial loss one would also need the work capital figures, cash flow statements and liquidity of the company so as to understand the company growth.
In addition, one would be sure to get promotion if he has added knowledge of financial and functional understanding of the business despite the technical knowledge he needs to build the project. You will be given lot of importance and you will be in the “required to” list of the meetings than in the optional list because of your knowledge due to masters in finance programs. Though you need an investment with respect to money and time, you still have the very good fruits of the same and hence can enjoy having one more degree along with attaining importance and growth in the career.