Diploma in business finance
The Diploma in Business finance program is open to undergraduate students commencing their second year of a four year science-based degree. Students are accessed for admission based on their past leadership and entrepreneurial activities, enthusiasm, and academic achievement.The Business Finance diploma program aims to encourage an entrepreneurial mind-set and provides students with the knowledge and skills needed for developing business finance opportunities based on scientific innovation .The Business Finance diploma program is primarily directed at empowering future R&D scientists with an entrepreneurial education that will allow them to recognize, evaluate, finance, and exploit commercial opportunities arising from scientific discovery .
The Business finance diploma course includes creativity in enterprises, project management, strategic communication, business finance principles, business planning, funding, marketing, accounting, business finance, management and commercialization of intellectual property, and valuation and assessment of high technology businesses .Competence comes from real life projects such as starting up and managing a small business, event management, writing a grant application, writing a business plan, writing a scientific report for a peer-reviewed journal, business finance analysis of listed high tech companies, working in a high tech or commercialization company or institution, a competing in virtual stock market games .
Prior to the establishment of the Business Finance diploma program, undergraduate students receive high quality training in scientific fundamentals but little in the way of professional and business finance skills. Graduate would find themselves working in industry but have no understanding of business finance imperatives. The business finance diploma was conceived to address this vacuum in the training of scientists by providing students with the knowledge and skills needed for developing business finance opportunities based on scientific innovation.
Key advantages of the add-on structure of the Business Finance Diploma are that students gain an extra tertiary qualification, and the science and technical content of their university studies are not diluted. The worldwide trend is for scientists to become business finance literates, not for business graduates to become science literates.
At an undergraduate level, an obvious solution would be to include appropriate business finance focused subjects in the coursework; and some universities are taking this approach. Though the graduates may be business finance educated they may not have sufficient scientific grounding to become research scientists capable of making cutting edge discoveries.
The Diploma in Business Finance structure the business related content in a separate add-on study program has several advantages. It can be offered to all science students; it does not compete with the traditional science courses; and can be completed in the same time frame as the science degree providing a proportion of the business finance courses are taken outside of main academic sessions.
The major advantage of including the Business finance diploma training at an undergraduate level is the students are trained in business finance before they leave university and commence their careers. Students that complete the Business Finance Diploma acquire skills which ultimately give them a greater range of career path opportunities and are more competitive for all employment opportunities.An added benefit for the graduates is that the Business finance diploma is progressively assisting it to be regarded as the best first option for high achiever local and international students intending to study undergraduate science .
Students cannot enroll in the business finance diploma program without concurrent enrollment in an undergraduate science or engineering degree. They cannot graduate with the business finance diploma unless they have fully met the requirements for graduation from their primary degree.
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