MBA Degrees Offer Skills That Will Stay In Demand
December 2, 2008
By the My MBA Career Content Team – Find Top MBA Degree Programs
More and more companies are expected to need the services of highly trained financial professionals as they navigate and eventually emerge from their current economic difficulties.
With that in mind, current students and those who plan to pursue MBA degrees should find themselves in demand for years to come, particularly those who have knowledge of issues like restructuring, debt management and tax policies.
The New York City accounting firm Marks, Paneth and Shron observed this week that many businesses are currently facing their first major recession - one that makes previous episodes like the dot com bust pale in comparison.
"A lot of the decisions and actions companies will need to take may seem negative, but they require as much -- if not more -- care and hard work than decisions in a growth environment," said the firm's principal, Steve Eliach.
The firm offers several tips to business owners as they deal with the many obstacles currently facing them. For example, Eliach advises companies to fully be aware of alternatives when it comes to things like insolvency and bankruptcy.
Eliach also suggests that succession of privately-owned companies is more advantageous during a downturn because of lower values, and in turn lower taxes. Other pointers include keeping close tabs on government incentives and tax advantages, securing any and all credit lines when they are available, and watching inventories and receivables "like a hawk."
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