is MFI (Management of Financial Institute) any good in DLSU?

[bAbOi_AdMU]

I passed the DLSU test! But Unfortuantely, i got my second choice lang! MFI! MY dad said it is a nice course for financial bankers that i wanted to persue when i work. Is it really a good course? is it hard? :)

[jopert]

if you're good in math and you're good in analyzing things I think you will live.

is it hard? well, lets just say if you want to stay in the course, you really have to study.

:)

[harry potter]

it's easy except maybe for acctg.

[riffraph]

hala dino
good in math daw
tsk tsk tsk
ehe jk
magaling ka naman eh

[jopert]

Originally posted by harry potter
it's easy except maybe for acctg.

accounting IS the core of MFI!

:D

[bAbOi_AdMU]

OoOoOoh S#!t paano na yan? oh well! bahala na! what's hrader? BMG or MFI?

[Chad]

Originally posted by jopert
Originally posted by harry potter
it's easy except maybe for acctg.

accounting IS the core of MFI!

:D

with all due respect to the accounting majors...accounting is NOT the core of MFI. MFI goes beyond accounting because it analyzes, projects, forecasts, and uses tools that accountancy doesn't touch.

it would be fairer to say that MFI is the opposite of economics.

and yes, MFI is a good course. don't worry, you won't be limited to working in banks. possible career options are in financial consultancy, investment banking, treasury, insurance, consumer banking, financial analyst, and of course, the new economy -- eCommerce.

so sit back, relax, and enjoy the program -- you're in good hands. just STUDY! it's a course that's easy during your FINAMA days but gets really tough once you get to FINACCT.

:bop:
Chad

[jopert]

Originally posted by Chad
Originally posted by jopert
Originally posted by harry potter
it's easy except maybe for acctg.

accounting IS the core of MFI!

:D

with all due respect to the accounting majors...accounting is NOT the core of MFI. MFI goes beyond accounting because it analyzes, projects, forecasts, and uses tools that accountancy doesn't touch.

it would be fairer to say that MFI is the opposite of economics.

and yes, MFI is a good course. don't worry, you won't be limited to working in banks. possible career options are in financial consultancy, investment banking, treasury, insurance, consumer banking, financial analyst, and of course, the new economy -- eCommerce.

so sit back, relax, and enjoy the program -- you're in good hands. just STUDY! it's a course that's easy during your FINAMA days but gets really tough once you get to FINACCT.

:bop:
Chad



hehe! what I meant was if you dont know accounting you're in big trouble. you said it yourself that MFI goes beyond accounting. Well that means accounting is the foundation of the course right? if you dont know accounting, then you cant pass the fin blah blah subjects.

thanks for clarifying chad!!!

i miss our alpha 2 days...

[nastything]

Originally posted by Chad
Originally posted by jopert
Originally posted by harry potter
it's easy except maybe for acctg.

accounting IS the core of MFI!

:D

with all due respect to the accounting majors...accounting is NOT the core of MFI. MFI goes beyond accounting because it analyzes, projects, forecasts, and uses tools that accountancy doesn't touch.

it would be fairer to say that MFI is the opposite of economics.

and yes, MFI is a good course. don't worry, you won't be limited to working in banks. possible career options are in financial consultancy, investment banking, treasury, insurance, consumer banking, financial analyst, and of course, the new economy -- eCommerce.

so sit back, relax, and enjoy the program -- you're in good hands. just STUDY! it's a course that's easy during your FINAMA days but gets really tough once you get to FINACCT.

:bop:
Chad


AMEN!

[Chad]

jopert...

actually, if you look at the course outline of FINAMA1 and 2, accounting is hardly touched. from ratios to the du pont formula, to NPV and present and future values -- these topics come from discussions that hardly need a balance sheet (which, to some, is the traditional symbol for accounting).

but, i agree that knowing accounting is very vital if u want to succeed in MFI. :) if it weren't, then why have FINACCT? ahehehehe...

:bop:
Chad

[daylight]

hope somebody could answer my question but why isn't DLSU offering d course MFI-BSA?

[bAbOi_AdMU]

waddahell?! whats du pont formula and NPV?! The sister of my friend told me it was the course that the people who wants to switch course choose. Why is that?

[jopert]

Originally posted by Chad
jopert...

but, i agree that knowing accounting is very vital if u want to succeed in MFI. :) if it weren't, then why have FINACCT? ahehehehe...

:bop:
Chad

AMEN! my point exactly!
:D


bAbOi_AdMU!

Well, I also heard that before, I think the reason for that is the requirements for transferring is lower than BM or BSA. It doesnt mean that the course is for "bagsakan ng mga bobo" Believe me, its easy to get in but its so hard to STAY in (dlsu) with this course.

[Lek-Lek]

baboi_ADMU: you really wanna know what the du pont formula is? well it is a system of financial ratios designed to investigate the determinants of the return on equity and return on assets ratios.
the Du pont formula is:

(net income/sales)x(sales/assets)x[1-(debts/assets)].

Thus, if you break it down, you do not only see the measure of the firm's overall profitability. rather, you also see its componenets such as : profitability, efficiency and leverage.

Now, regarding NPV, it is a capital budgeting concept defined as the present value of the project's annual net cash flows after tax less the project's initial outlay.

[hard_guy00]

ek-ek, i come in peace:

in your dupont equation, the last component

1-(liabilities/assets) is equal to equity/assets.

but then, equity/assets is not the third component of the dupont! in its original form, the dupont equation goes like this:

(ni/sales) x(sales/assets) x (assets/equity)
(proftblty) (turnover) (leverage)

simplified to:

ni/equity, which is ROE.

actually, the serious finance man does not rely too much on ratios unless he can get a whole load of industry indicators for comparison. rather, he uses more direct methods such as cash flow (including DCF, NPV), operating parameters and various programming algorithms.

[Lek-Lek]

hard guy: i'd like to make a correction sa post ko. i think i committed a typo error. what i meant was that the equation is:

[(NI/Sales)x(Sales/Assets)]/[1-(debts/assets)]

the last component is still correct, however it should be divided pala. your equation will still arrive at the same result.=)

your last component (assets/equity) is also the equity multiplier ratio. this ROE ratio has been broken down into three components so that the financial manager will be able to evaluate why the reasons affecting thegeneral profitability ratio. Let's say for example, in the secondratio, that is the Total Asset turnover, you also break it further down to more ratios.

These are important also because they serve as essential financial tools which may be useful specially in financial planning, and making your cash budgets. they are also helpful in working capital management, cash and merchandise inventory management as well as evaluations for existing potential profits in designing your marketable securities portfolio.

[hard_guy00]

ek-ek,

:)

baboi admu,

if that's the course description for MFI, then it's a great course. you'll be surprised at the number of "finance wizards" in makati who don't even know how to compute cash flow. most just add back depreciation to ni. one thing i don't like in up-ba is the general "management" approach to everything they teach. only now are they starting to offer specialized management courses.

seryosohin mo yang financial management. and get good grades! i work only 4 hours a day but i'm paid pretty well.

[Lek-Lek]

hardguy: i think i agree with the thrust of up-ba. one thing, we are now in era where there is an emphasis on general management skills. its a global world out there, and specializations are much less needed. i think ateneo and up share the same thing. i definitely agree with up's business curriculum if that's the case. the delineation between managerial roles nowadays are becoming blurred. that is why, more and more schools is recognizing the need of coming up with more well-rounded managers who can deal with any job requirement. you cannot survive if you will stick to your specialization.

[jopert]

Originally posted by Lek-Lek
hardguy: i think i agree with the thrust of up-ba. one thing, we are now in era where there is an emphasis on general management skills. its a global world out there, and specializations are much less needed. i think ateneo and up share the same thing. i definitely agree with up's business curriculum if that's the case. the delineation between managerial roles nowadays are becoming blurred. that is why, more and more schools is recognizing the need of coming up with more well-rounded managers who can deal with any job requirement. you cannot survive if you will stick to your specialization.


Hey lek-lek... nice show with that du pont formula!:)

I dont want to brag or anything but I just want to say that in fairness to dlsu, the units taken by a commerce student gives them that "well-roundedness" that the world needs. We have law subjects, marketing subjects, personnel management subjects and all kinds of subjects that cover all aspects of management and business. well, i know Other schools are like that to! just wanna clarify things ok!:D



hard_guy00!

you really are impressive! When I read your previous posts, I thought your major was in science, and now you seem to be a business major! hehe! keep it up hard_guy00!

:D

[Lek-Lek]

Oh, I see. Well, I thought kasi at first that DLSU's business curriculum doesn't focus on general management skills coz if you look at the different courses offered at your CBE, you have such things as BS Accounting, BS Marketing Management, BS Financial Management, etc. Unlike in ADMU's School of Management, the courses indeed emphasize on general managerial skills, such as BS Management, BS Management-Honors, BS Legal Management, BS Management Engineering. Parang, we do not anchor our business courses on one particular functional area of management, like accounting, finance or marketing. Well, I'm glad that DLSU's business curriculum is still competitive. It's nice to have a friendly competition with other schools. By the way, I'd like to clarify that I'm not from UP's BA program. I'm taking up BS Legal Management at the Ateneo, however, I'm also minoring in Financial Management.=)
Are you also a business major from DLSU? If so, what's your course?=)

[hard_guy00]

jopert,

i'm BS and MBA

[jopert]

Originally posted by Lek-Lek
By the way, I'd like to clarify that I'm not from UP's BA program. I'm taking up BS Legal Management at the Ateneo, however, I'm also minoring in Financial Management.=)
Are you also a business major from DLSU? If so, what's your course?=)


Hey! that's nice! I took up BS Legal management in DLSU! I'm graduating this Feb and I plan to take up MBA in ateneo! Well, maybe after two year.:D

[cHaSeR]

Originally posted by Chad

it would be fairer to say that MFI is the opposite of economics.

Chad

I agree. This is the very reason why I think it is best to take up both Applied Economics and Management of Financial Institutions. MFI deals with decision-making based on present economic trends. If you want to have a broader background in business, I suggest you shift to a COM-COM or double degree course.

And to the person who asked a while ago why DLSU didn't offer BSA-MFI, to tell you the truth, I don't really know why. What I know is that La Salle only offers double degree courses in CBE with Applied Economics as a second degree other than the basic Commerce courses of Accountancy, Management of Financial Institutions, Business Management, Marketing, and Advertising.

[Lek-Lek]

Jopert: That's nice. Well, I acually planned to go to Law School, pero I got discouraged eh. Ang hirap, dito pa lang sa undergrad law subjects ko, ang hirap na, what more pa kaya sa Law School, considering na sobrang taas ng mortality rate sa Ateneo. That's why, I've decided to work na lang, then after 4 years, I plan to take my MBA either in Wharton, Kellog, Sloan or Darden.

[jopert]

Originally posted by Lek-Lek
Jopert: That's nice. Well, I acually planned to go to Law School, pero I got discouraged eh. Ang hirap, dito pa lang sa undergrad law subjects ko, ang hirap na, what more pa kaya sa Law School, considering na sobrang taas ng mortality rate sa Ateneo. That's why, I've decided to work na lang, then after 4 years, I plan to take my MBA either in Wharton, Kellog, Sloan or Darden.

Same here. I had to choose between taking up law or pursuing my business career. I went with the later not because I don't want to be a lawyer but because I don't have the moolah to continue studying. Atleast you want to go abroad. Well goodluck!:)