28April2023
Pharmacists vs. Chemists: Exploring the Key Differences
Do you know what the difference is between a pharmacist and a chemist? It's a common confusion, but it's important to understand the key differences. In this article, we'll take a closer look and make it easy for you to understand.
The Key Difference Between a Chemist and a Pharmacist
A pharmacist is one who practices pharmacy and, thereby, is concerned with the preparation, standardization, and safe use of medication while performing its main duty of dispensing medicines for patients’ various medical needs. A chemist is involved in developing an understanding of how atoms and molecules within matter act and react with each other and what beneficial uses these properties and characteristics could be put to. Pharmacists are trained in the field of pharmacy, where they can dispense medicinal drugs for varied medical requirements, while chemists study chemistry and are graduates with a degree in science with chemistry. Chemists conduct research with chemical substances.Career Perspectives
From a career perspective, a pharmacist can work in a variety of settings, including retail pharmacies, hospitals, nursing homes, and other healthcare facilities. They play an important role in ensuring the safe and effective use of medications, and also provide health and wellness advice to patients. On the other hand, a chemist works in research and development in industries such as pharmaceuticals, cosmetics, energy, and food and beverage. They can also work in quality control, production, sales and marketing, or teaching and academia.
Pharmacists
The four year Bachelor's Degree in Pharmacy (or B.Pharma) is one of the most popular courses, as subjects like pharmaceutical engineering and medicinal chemistry give good openings in both the public and private sectors. A pharmacist studies:- Human Anatomy – Study of the structure of the human body, its organs and their functions.
- Drug Processing – The process through which drugs are produced and processed by our bodies.
- Comprehensive Care – The management of the diseases and disorders that afflict the human body, and their treatment.
What are The Tasks of a Pharmacist?
- Pharmacists give instructions on how to properly take the prescribed medications—at what time of the day, in what quantity, with or without food, and the list of proscribed foods and drugs while consuming this medication.
- On the non-availability of the prescribed brand of drug, to suggest which equivalent alternative is there.
- Explaining the possible side effects of the medications.
- Tell-tale signs or symptoms to watch out for during the course of medications, and, of course, manage pharmacy records and perform other administrative tasks.
Chemists
A chemist studies the composition, structure, and properties of matter and the changes it undergoes. This includes subjects such as organic and inorganic chemistry, biochemistry, physical chemistry, analytical chemistry, and chemical engineering. The curriculum to study in order to become a chemist includes:- Medicinal chemistry – How different compounds work and react to create medicinal properties.
- Pharmaceutical Biotechnology – Study of the use of living organisms for pharmaceutical development.
- Pharmacoeconomics – The entire economics of pharmaceutical costing and pricing.
- Pharmacogenetics – Study to understand the role of genes in making medicines effective.
What are the Tasks of a Chemist?
A chemist is engaged in understanding the properties of substances and doing the permutation and combination of mixing and matching different substances to come up with something that could have medicinal, gourmet or industrial uses. A chemist’s tasks include:- Planning research projects and executing.
- Preparing compounds, salts and molecules in laboratories.
- Taking directions as per the analysis of the data
- Reports and presentations on the inventions achieved.
In Closing
While a pharmacist is solely focused on medicine, a chemist, with their knowledge of compounds, can have a diverse range of career options, including pharmaceuticals, paints, cosmetics, fertilizers, pesticides, forensic labs, industrial research, and more. However, this doesn't mean that pharmacy graduates have fewer career options. In fact, in the post-COVID era, with increased health awareness, the demand for pharmacists has significantly risen. In conclusion, whether you choose to become a pharmacist or a chemist, both fields offer long-term, exciting career opportunities for students with a bachelor of science (hons) in biomedical science, a bachelor of science (hons) in biotechnology, a bachelor of pharmacy, or a pharmacy degree in Malaysia.28April2023
Malaysia Financial Sector Blueprint (FSB) 2022-2026
The Malaysia Financial Sector Blueprint (FSB) 2022-2026 outlines the strategic plan for the country's financial sector for the next five years. This blog will discuss the overview, highlights, key trends, and developments of the Malaysia FSB 2022-2026, with a focus on the relevance of the FSB for students pursuing qualifications in accounting and finance such as a bachelor of accounting and finance, bachelor of finance and a diploma in finance.
Overview of the Malaysia Financial Sector Blueprint (FSB) 2022-2026
The Malaysia Financial Sector Blueprint (FSB) 2022-2026 is a comprehensive plan created by Malaysia's government to strengthen and reform the country's financial sector. The fundamental goal of this strategy is to increase the financial sector's competitiveness. Keeping in mind the global economy while maintaining financial stability. To achieve its goals, the FSB identifies a number of initiatives and actions that will be undertaken over the following five years.Key Trends and Developments in the Malaysian Financial Sector
There are several key trends and developments in the Malaysian financial sector that students pursuing a diploma in finance, a bachelor of accounting and finance, or a bachelor of finance should be aware of. Here are some of them:1. Sustainable Finance Practices
The Malaysia FSB 2022-2026 emphasizes the importance of promoting sustainable finance practices among financial institutions. Sustainable finance is financial activity that integrates environmental, social, and governance (ESG) factors into investment decisions, lending practices, and risk management. The FSB aims to promote sustainable finance practices by:- Introducing ESG standards and guidelines for financial institutions to follow.
- Encouraging financial institutions to develop green financing products that finance environmentally sustainable projects and businesses.
- Strengthening the capacity of financial institutions to manage ESG risks and opportunities through training and capacity-building initiatives.
- Developing a taxonomy of sustainable finance activities to provide clarity and transparency for investors and financial institutions.
2. Digitalization
Digitalization is revolutionizing the financial sector by enabling quicker, less expensive, and more convenient financial services. The Malaysia FSB 2022-2026 recognizes the importance of digitalization and aims to promote digital infrastructure and the adoption of digital solutions. Some of the key initiatives include:- Developing a national digital identity framework that enables secure and convenient digital transactions.
- Encouraging the adoption of digital payments and promoting interoperability between different payment systems.
- Developing digital infrastructure, including establishing a national digital finance infrastructure to support digital payments, credit scoring, and digital onboarding.
- Promoting digital innovation by providing support for fintech startups and digital banks.
3. Financial Inclusion
Financial inclusion means making it possible for people who don't have much money, small businesses, and people who live in the countryside to use financial services and products. The Malaysia FSB 2022-2026 aims to promote financial inclusion through various initiatives, including:- Promoting financial education and literacy to enable consumers to make informed financial decisions.
- Developing a national credit reporting system to enable better credit assessment for certain segments of society.
4. Regulatory and Supervisory Framework
Rules and oversight make a big difference in keeping money stable and strong. The Malaysia FSB 2022-2026 aims to strengthen the regulatory and supervisory framework by:- Enhancing the capacity and capability of regulatory and supervisory authorities to identify and manage financial risks.
- Promoting greater transparency and disclosure by financial institutions.
- Introducing new regulations and guidelines to address emerging risks, such as cyber threats and climate change.
- Strengthening the enforcement framework to deter misconduct and promote accountability.
The Malaysia FSB 2022-2026 aims to promote innovation and talent development by:
- Encouraging financial institutions to adopt new technologies and business models to stay ahead of the competition.
- Helping to create a strong and thriving financial technology community that encourages new ideas and starting businesses.
All in All
The Malaysia Financial Sector Blueprint (FSB) 2022-2026 is a comprehensive and forward-looking policy framework that aims to promote sustainable finance practices, digitalization, financial inclusion, regulatory and supervisory framework, and innovation and talent development in the financial sector. The FSB recognizes the evolving needs and challenges of the financial sector. It sets a clear roadmap for financial institutions to navigate the changing landscape while contributing to Malaysia's growth and development goals.27April2023
Innovations in Dentistry: The Potential of 3D Printing
Oral hygiene should be practiced from childhood. Dentists worldwide never recommend over-the-counter (OTC) medicines for dental problems, and proper care and medical tools are always used, taking into account the health conditions of the patient. Over the past 10 years, 3D printing technology has become more accessible to clinicians and has allowed them to offer more accurate, cost-effective and faster treatments to patients. With advancements in applications in dentistry from the fields of prosthodontics, oral and maxillofacial surgery, and oral implantology, dental technology has also been upgraded at par with any other medical treatment.
Innovation in Dental Science
According to scanning technologies in dentistry journals, innovations in dental science have developed over the years and are used for powder bed fusion, photo polymerization moulding and fused deposition modeling. The dental industry has adopted 3D printing in recent years, and it has risen at a fast pace. This is due to the high demands for cosmetic dentistry driving growth with a scope of in-house dental 3D printing and 3D printed products. As a dental technology, 3D printing in this industry is also considered an advanced solution that offers high quality and perfectly shaped dental products such as crowns and bridges, dentures, surgical guides, and teeth implants. Consequently, with the introduction of specialized dentistry courses, dental university, such as AIMST, also offer Bachelor of Dental Surgery (BDS), DDS (Doctor of Dental Surgery), DMD (Doctor of Dental Medicines) and other diploma courses.
The Printing Process
The printing process involves:- Scanning with an intraoral scanner: the digital impression is collected, which is sent to the lab.
- Designing: by importing the digitally scanned with the software of CAD and design.
- After designing, printing is set up after importing the file to the print software and assembling by washing and drying printed parts.
Benefits of Dental 3D Printing
The main benefit of dental 3D printing is that it creates a digitally-manufactured product that is both cost-effective and affordable for both dentists and patients alike. Innovatively, the entire denture can be customized, even with complex dental structures. Moreover, the DLP (Digital Lighting Process) technology allows the movement of light sources in six different directions. This is extremely helpful when bridge or crown applications are used. The digital lighting process allows for optimization of production, expansion of service offerings, and delivery of dentistry services on the same or next day, resulting in increased patient satisfaction and a return on investment. There are examples that show a single printer could deliver an estimated 30 full arch dental models in one batch and use DLP to create accurate prints while illumination sequence and mechanical z-axis speed up the printing process. Therefore, the durable resin tray provides transparency and stability, allowing units like this to produce smoother and more homogeneous surfaces than their predecessors. The improved quality and flexibility of 3D printing are another advantage. Doctors also opine that earlier versions were compatible with proprietary resins, but now the open system allows the use of third party materials. The speed and print quality of 3D printing enhance the patient experience and ROI. Communication strategies with patients and appointment systems can also increase revenue.
The patient communication system software (CRM - customer relationship management) in dentistry helps with:
- Calendarise the appointments - making it less cancellation and no shows. Scheduled appointments save a lot of time for both the dentist and the patient.
- Increase the scope of revenue generation - Using the software to send automated reminders to patients of their date and time of dentist visits via mail, text message, or phone call.
- Improving online visibility - by posting reviews of aspiring patients on social media platforms and acquiring new customers.
In a Nutshell
The field of dental 3D printing around the globe is creating new avenues to learn, practice, and grow in dentistry career opportunities. Picking up the new concept, working with dedicated clinicians, and having cordial patient relationships also help one become a better professional in this field.18April2023
Appearances can be deceiving, so it’s unlikely dollar will wane in significance
Despite some predictions that the US dollar's dominance will decline in the future, this is unlikely to happen any time soon. The US dollar remains the most widely used currency for international transactions, and no other currencies can easily replace it. Additionally, the US economy remains strong and stable, and there are no apparent alternatives for investors seeking a haven. Read more about it in an article titled 'Appearances can be deceiving, so it's unlikely dollar will wane in significance' by the Vice-Chancellor & Chief Executive of AIMST University, Professor Datuk Dr. John Antony Xavier. The article got featured in the columnist section of NST on 18 April 2023. Click here to read
3April2023
What Do Electrical Engineers Do
Engineering is everywhere around us, improving our work, travel, communication, staying healthy, education and entertainment. The electrical engineer is an engineer who deals with the technical design and application of equipment, devices and systems that use electricity, electronics and electromagnetism. As per a Business Research Company study, the global electrical and electronics market grew from $3454.94 billion in 2022 to $3739.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The electrical and electronics market is expected to grow to $4986.91 billion in 2027 at a CAGR of 7.5%. To become a qualified and skilled electrical engineer, one should ideally learn and pass the prescribed years of studies, like three years of a diploma in engineering or four years of a bachelor’s or diploma in electronic engineering and technology, and above all, a master’s in technology, which can provide a handsome salary and lucrative perks. There are many branches of electrical engineering, and the most popular sub-disciplines are electronic engineering, microelectronics engineering, signal processing engineering, power engineering or power system engineering, control engineering, telecommunications engineering and computer engineering.
What do Electrical Engineers do?
Electrical engineers keep our world on the move. They create everything from small microchips on a cell phone to large aircraft and spacecraft electrical and navigation systems and keep them operational even in live circumstances. Electrical engineers make one’s life easier by:- Ensure the safe operation of electrical systems and building effective electrical infrastructures for various applications in different industries.
- Update with the latest research and technology to provide appropriate solutions to the problems with regard to industry specific.
- Develop manufacturing, design, and installation standards.
- Direct the manufacturing, installation, and testing of electrical equipment with relevant diagrams and project plans.
- Lead the production of electrical projects to ensure work is completed within the timelines and with the prescribed budget.
- Evaluate electrical systems, products, components and applications.
- Design new ways to use electrical energy to develop or improve existing products and systems.
- Perform detailed calculations to develop manufacturing, construction and installation standards and specifications.
- Direct the fabrication, installation, and testing of electrical equipment to ensure products meet specifications and regulations.
- Investigate complaints from customers or the public, evaluate problems and recommend professional electrical engineering solutions.
- Work with project managers on production to ensure projects are completed satisfactorily, tested successfully on time and within budget.
These professionals combine their technical knowledge with interpersonal, mathematical, communication and writing skills to drive the development of electrical devices or electrical systems from design to manufacturing.
Computer savvy engineers can perform numerical computations, conduct power system simulations, and analyze diagrams. For example, electrical engineers use computer-aided design (CAD) to build and design models and PSpice software to simulate and validate analog and mixed-signal circuit performance.
Where can we fit or find them?
The concept of electrical engineering can be applied to various fields and industries in today's virtual world of IOT (the Internet of Things) and artificial intelligence (AI), as humanity relies on devices that run on electricity. Commonly, electrical engineers are best seen in the units of:- Power Plants and electric power generation organizations.
- Transmission and Distribution government or public undertaking organizations.
- Power control manufacturers, Instrumentation, navigational and measuring units.
- Research and development firms / life sciences organizations.
- Semiconductor and other electronic component manufacturers.
Qualified Electrical Engineers
There are a number of degree programs, career paths and opportunities in the field of electrical engineering that impact what electrical engineers do on a day-to-day basis. Those with a diploma in electronic engineering from a recognized university can take on short projects for the purpose of experiencing and exploring the possibilities of a successful engineering career ahead. It is a rewarding career to create, design and produce useful products and services for others. For anyone with a degree in electrical engineering, there is a sense of pride and well-being that all engineers feel after successfully completing a difficult project.
In a Nutshell
The advancement in electrical engineering has laid the foundation for many modern innovations. These innovations - such as cell phones, GPS and Internet devices that connect the world with data and people - continue to shape our daily lives. Electrical and electronic engineers may advance to supervisory positions in which they lead a team of engineers and technicians. Some may move to management positions, working as engineers or program managers. For more information on the electrical engineering degree, diploma in engineering and diploma in electronic engineering, including the career prospects, feel free to schedule an appointment with our friendly counsellors to find out more.3April2023
Healthcare Transformation in the Post-Pandemic Era
The COVID-19 pandemic has caused a monumental shift in the healthcare landscape. It has exposed the weaknesses of healthcare systems worldwide and highlighted the need for transformation. To meet the healthcare demands of their communities in the post-pandemic age, healthcare professionals must concentrate on modernizing the systems. This transformation will entail a shift in emphasis from a reactive to a proactive strategy, increased use of technology, enhanced patient-provider communication, and more collaboration amongst healthcare institutions to allow resource and information sharing.
Impact of the Pandemic on Healthcare Transformation
The pandemic has had a strong impact on healthcare transformation across the globe. This is not only with respect to lifestyle changes but also educational choices. The shift to virtual care has accelerated dramatically, with telemedicine visits more than doubling in 2020 compared to the previous year. This change has increased patient accessibility while lowering the danger of viral exposure for healthcare personnel. The epidemic has also highlighted flaws in many countries' current healthcare systems. For instance, several nations have had difficulty ensuring enough access to care, which has resulted in treatment backlogs and overworked medical personnel. Finally, the pandemic has also highlighted the importance of digital health technologies. Technologies like remote monitoring, AI-driven analytics, and predictive analytics are being deployed to enhance healthcare delivery and offer more individualized treatment. This shift is enabling healthcare providers to better manage conditions and improve outcomes. Overall, the pandemic has dramatically impacted healthcare transformation and highlighted the need for improved digital health.
Challenges of Healthcare Transformation in the Post-Pandemic Era
To effectively address the challenges of the transformation, we must undertake healthcare transformation in the post-pandemic era. Let’s look at some challenges:1. The need to invest in the infrastructure of healthcare services
The epidemic, which has resulted in a shortage of supplies, employees, and equipment, has overburdened healthcare institutions. New institutions must be created to ensure that healthcare continues providing the best care. Plus, the existing ones need to be enlarged, and new technology needs to be incorporated into healthcare.2. The need to improve workforce preparedness
A second challenge is the need to improve workforce preparedness. Healthcare professionals had to adapt quickly to new standards and procedures during the epidemic. To reduce medical errors and provide high-quality treatment, it is essential to increase staff training and knowledge. The staff of healthcare organizations must be prepared to handle the adjustments and expectations of the post-pandemic environment. 3. Focus on patient-centered care and public health Healthcare systems must work harder to address socioeconomic factors affecting health and provide fair access to care, considering the epidemic. The ability to offer mental and emotional support to individuals who the virus or other ailments have afflicted is another requirement for healthcare professionals.
Solutions for Healthcare Transformation
1. Use Tech
By facilitating rapid access to medical data, enhancing provider collaboration and communication, and reducing administrative procedures, technology has the potential to change healthcare. It will be easy for patients to access better treatment at a reduced cost. It also improves outcomes with the use of mobile health apps and several other digital health options.2. Enhance Treatment Adherence
Improving patient outcomes and lowering healthcare costs require effective care coordination. Healthcare professionals may make sure that all stakeholders have access to the most recent medical information. They also help to co-ordinate treatment by building integrated care models that include primary care, specialists, and community-based providers.3. Boost Patient Involvement
Patients may become more active in their own care by increasing patient engagement and education. Healthcare practitioners should leverage technology, such as patient portals, to allow patients access to medical information and expedite healing.4. Deploy Quality Treatment
Value-based care models emphasize preventative care and patient education while delivering the correct care at the right time. Healthcare providers may improve patient outcomes and cut costs by switching to a value-based care model by removing pointless tests and treatments.Final Takeaways
The epidemic has demonstrated how effective, cost- and time-saving digital solutions can be used to enhance access to healthcare. Post-pandemic several students are opting for the bachelor of nursing, the MBBS course, the pharmacy degree, and even physiotherapy as a course to pursue. Healthcare businesses will embrace digital transformation in the post-pandemic period and create a more adaptable, connected, and secure healthcare system that is better equipped to handle the next health emergencies. Health organizations should use this opportunity to invest in technological solutions that can enhance patient engagement, improve data security, and drive a better overall healthcare experience.3April2023
Examining the Lasting Impact of COVID-19 on the Nursing Workforce
The COVID-19 pandemic had an enormous impact on health and other sectors around the globe. This blog post will look at the long-term effects of COVID-19 on the nursing workforce, including the difficulties they confronted and the coping mechanisms they have used. Furthermore, several students are planning to start with a diploma in nursing; hence, this information will also be important to them. The article will go through the pandemic's probable long-term effects on the nursing field and how such changes could affect the field's future.
Impact of COVID-19 on the Nursing Workforce
The COVID-19 pandemic's impact on the nursing workforce has also been tremendous. The nursing profession's general practitioners, clinical services, and support services are important to the healthcare system. With the increased burden of the pandemic, nurses have been put under immense strain. During the pandemic, nurses were working long hours, often without breaks, to ensure they could meet the growing demand for services. Since they lacked personal protective equipment, nurses were more likely to contract the illness. For nurses, this had resulted in high stress, worry, and burnout levels. As a result, some hospitals were understaffed and unable to provide for patients' fundamental requirements. However, post the pandemic, the situation has resulted in more vacancies for these noble services. Hence, more and more students are considering pursuing a Bachelor of Nursing.
Long-Term Effects of COVID-19 on the Nursing Workforce
The long-term effects of the pandemic on the nursing workforce are wide-ranging. The pandemic had left many nurses feeling overwhelmed, underpaid, and unsupported, resulting in an increased risk of burnout and turnover. The physical and emotional toll of caring for patients with COVID-19 has taken a significant toll on nurses, as has the lack of resources available to them. This shortage has increased the workload for those remaining, leading to increased stress and fatigue. Nurses' mental health has suffered as a result of the pandemic. PTSD and weariness are common reactions to these events. The lack of resources, assistance, and support from patients and employers leads to negative impacts. Now more than ever, the need to have professionally trained nurses to support the shortage in staff is being felt. If the current shortage is not controlled, it could lead to a long-term shortage of nurses. This could also further compound the existing challenges. Overall, the long-term effects of the COVID-19 pandemic on the nursing workforce are likely to be rather pressing. However, there are ways to overcome this through staffing of additional sources. Hence we see more students being keen to explore this profession from a long-term perspective. Also, it's a field that will always be in demand in the future.
Solutions to Maintain and Improve the Nursing Workforce
Here are some solutions to help maintain and improve the nursing workforce.1. Better salary options
Increasing wages and offering better benefits can help attract more qualified nurses and encourage current nurses to stay in the profession. This can also boost the number of students with a diploma in nursing.2. Improve work conditions
Working conditions can be a major factor in a nurse's decision to stay in the profession. Improving work conditions, such as by providing better support systems, can help to make the job more appealing and reduce turnover. 3. Improve your recruitment and retention There is a scarcity of nurses, making it challenging to find candidates. Increasing recruitment efforts, such as attending job fairs and using social media, can help attract qualified nurses.4. Offer flexible schedules
Many nurses have to work long hours, often leading to burnout. A flexible schedule, such as part-time or shift work, can prevent burnout and make a job more appealing. Implementing these solutions makes it possible to maintain and improve the nursing workforce.All in All
Nursing is a fulfilling and satisfying profession because it provides opportunities to help people heal and improve their quality of life. It is a rewarding profession that offers a sense of purpose and fulfilment by improving the lives of others. COVID-19 has significantly impacted the nursing workforce, and this influence will certainly last for years to come. The good news is that the epidemic has raised attention to the value of nursing personnel as well as the need for more funding and support for nurses. Additionally, the demand for a Bachelor of Nursing as a course of study for a professional qualification as a nurse has also significantly increased.3April2023
Building a Successful Career in Finance: Exploring the Diversity of the Field
Every corner of society needs financial resources and therefore financial operations. Finance professionals or qualified professionals with a degree or diploma in finance, are the most needed personnel for smooth operations. The overall employment in business and financial occupations is projected to grow 7% from 2021 to 2031, as compared to the average of all occupations. This increase is expected to result in about 715,100 new jobs over the next decade, as published on the U.S. Bureau of Labor Statistics website. This means that someone in the finance industry or a professional with a bachelor's degree in finance can get many opportunities, not only in the banking sector but in all industries. There are many career options in finance, ranging from entry-level analyst positions, accountants, and consultants to insurance sales officers and all the way up to chief financial officers. The career choice depends on one’s own interests, skills and qualifications, like a diploma or bachelor in finance. Popular career paths in finance, which offer a wide range of exposures and lucrative packages, are:
1. Investment Banking
This pertains to certain activities of a financial services company or a corporate division that consist of advisory-based financial transactions on behalf of individuals, corporations, and governments. Investment banking also involves advising companies on mergers and acquisitions, underwriting and selling securities, and managing corporate finances.2. Financial Planning and Analysis
Financial professionals analyze financial data to help businesses make better decisions about all functions, like people management by way of salaries and bonuses, the marketing team with incentive payouts, the production team for exceeding their targets, and more. Analysis of the current year's data compared to the previous year and projected projections form the basis for budgeting for the coming year.
3. Commercial Banking
The commercial banking sector provides a range of services to its customers such as loans, certificates of deposit, savings accounts, overdrafts, etc. Commercial banks accept deposits from the public and make loans for consumption purposes (home loans, personal loans, education loans, etc.) and investments to earn profits. They provide financial services to individuals and businesses, such as lending and investment advice.4. Risk Management
Those who work on risk management are responsible for determining the potential risk of a person applying for insurance or a loan and then deciding whether that person can be approved based on the risk assessment. Basic risk management includes identifying and assessing financial risks and developing strategies to mitigate them. Five strategic and basic essentials of risk management are:- Avoidance
- Retention
- Spreading
- Loss Prevention and Reduction
- Transfer (through Insurance and Contracts)
5. Accounting and Auditing
The senior accounting professional plays a vital role in analyzing the financial data and preparing balance sheets or other sensitive financial statements for their companies. This process is often followed by auditing by the appointed company auditors. Auditing is otherwise known as on-site verification activity to ensure compliance with requirements.6. Asset Management
The practice of increasing wealth over a period of time by acquiring, maintaining and trading investments that can grow in value and make the assets more valuable. Asset managers aim to maximize the company’s ROI (Return on Investment) and manage all dealings with regard to property, money, stocks, shares, bonds, commodities, equities and any other financial products of the company. They are responsible for managing investments for individuals or institutions, including mutual funds or pension funds.7. Financial Consulting
Providing financial advice and expertise to clients on a range of issues such as systematic investments, advance taxes, GST, pension funds, and retirement planning. Finance consulting services help capitalize on opportunities to drive profitable growth as well as transformative change.
8. Insurance
With an aim to provide security or insurance coverage to individuals, businesses, or government agencies, the insurance sector offers a wide range of employment opportunities for finance graduates. A career in insurance can enable companies and individuals to identify potential risks and avoid financial losses. Insurance positions include sales representatives, claims adjusters, agents, customer service representatives, and risk consultants. Many insurance jobs are with large businesses, but one can also find them in smaller firms. Top finance industries where one can research and explore different career paths to start at an entry level and climb up the ladder to reach a C-Level Finance Official. The most common and top industries are:- Banking Insurance
- Investment Banking
- Personal Financial Planning
- Corporate and Public Finance
Conclusion
Finance professionals often have a variety of skills. These may be specific to finance or a combination of personality traits that help them perform their job. Depending on qualifications and experience in the field, there are finance careers in the private, corporate, or public sectors. To find out more about popular courses such as the Bachelor in Finance, the Diploma in Finance, and the Bachelor of Accounting and Finance and their career paths, please schedule an appointment with our helpful counsellors for a full counselling session and a campus visit.23March2023
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7March2023
Should I Study Nursing?
Studying nursing is a wise choice for anyone seeking a satisfying and rewarding career with opportunities for growth and advancement. When we look at nursing education, there are two important options to consider: a diploma in nursing and a Bachelor of Nursing degree. A diploma in nursing is a shorter program. It focuses on the essential skills and knowledge needed for basic patient care. Students in a diploma program will receive hands-on, practical training and learn how to take vital signs, administer medicine, and perform other basic medical procedures. On the other hand, the Bachelor of Nursing degree is a more comprehensive program that takes about four years to complete. In addition to learning the essential skills of patient care, students in this program also study the theoretical foundations of nursing, including anatomy and physiology, pharmacology, and nursing ethics. In this post, we will look at the top reasons why one should consider studying nursing.
1. Job Security
The most compelling reason to study nursing is the increased demand for nurses. According to the Bureau of Labor Statistics, registered nurse employment will grow 9% between 2020 and 2030, which is faster than the normal rate for all occupations. This means that nursing graduates can anticipate finding job opportunities in diverse healthcare settings, including hospitals, conventions, nursing homes, and home health agencies. With job security being a major concern for numerous people, studying nursing can give them peace of mind and financial stability.2. Opportunities
Opportunities for career advancement: Nursing offers a wide range of opportunities for career advancement. As a registered nurse, specialization can be done in a particular area of healthcare, similar to pediatrics, oncology, or critical care. You can also pursue advanced degrees in nursing, similar to a Master of Science in Nursing in Nursing Practice, which can lead to leadership positions and advanced hiring.
3. Bringing Changes in People's Lives
As a nurse, you can impact people's lives positively every day. Nurses are pivotal in patient care, including providing emotional support. You can help patients recover from ailments, manage habitual conditions, and improve their overall quality of recovery. The satisfaction that one gets from helping others is the most satisfying aspect of a career in nursing.4. Flexibility
Nurses can work in various settings, including hospitals, clinics, schools, community health centres, and even in patients' homes. This flexibility allows nurses to choose a work environment that suits their personal preferences and career goals. You can work in fast-paced emergency rooms, provide preventative care in community health clinics, or care for patients in their own homes. This variety keeps the job interesting and challenging, ensuring that every day is unique.5. Competitive Salaries
Nursing is a well-paying career with competitive salaries and benefits. According to the Bureau of Labor Statistics, the median annual wage for registered nurses in the United States was $75,330 in 2020. Furthermore, a lot of companies provide various advantages to their employees, including medical insurance, pension schemes, and remunerated leaves. With nursing salaries typically increasing with experience and education, your earnings will grow as your career progresses.
6. Professional and Personal Growth
Studying nursing can offer significant opportunities for personal and professional growth. As a nurse, you will develop important skills such as critical thinking, problem-solving, and communication. You will learn to work as part of a healthcare team, collaborate with other professionals, and provide leadership in patient care. These skills are valuable in nursing and many other professions and aspects of life. Additionally, the personal satisfaction that comes from helping others and positively impacting people's lives can be incredibly fulfilling and contribute to personal growth and well-being.Final Takeaways
Studying nursing is a wise choice for anyone seeking a challenging and rewarding career with opportunities for growth and advancement. With a high demand for nurses, competitive salaries, and the chance to make a positive impact on people's lives, nursing is a profession that offers both job security and personal fulfilment. Additionally, the flexibility of working in a variety of settings, the opportunity for lifelong learning, and the potential for working abroad make nursing an exciting and dynamic field. If you are looking for a career that offers stability, personal satisfaction, and the opportunity for professional growth, then studying nursing is definitely worth considering.7March2023
Dentistry or Medicine: Which Course/Career Should I Choose?
Choosing a career in healthcare is an exciting and rewarding decision, but it can also be overwhelming when deciding which path to pursue. Two popular options are dentistry and medicine. While both fields share some similarities, there are also distinct differences to consider. This post will discuss the factors to consider when choosing between dentistry and medicine as a career path.
1. Education
Becoming a dentist requires completing a four-year dental program while becoming a physician requires completing a four-year medical program, a bachelor of medicine degree, or a bachelor of dental technology degree, followed by several years of residency training. If you are interested in a more technical aspect of dentistry, consider pursuing a degree in dental technology. Dentists focus on oral health and are trained in diagnosing and treating problems in the teeth, gums, and mouth. They are also trained to perform tooth extractions, root canals, and gum surgeries. On the other hand, physicians are trained to diagnose and treat a wide range of medical conditions, from broken bones to chronic illnesses. They are also trained to perform procedures such as surgeries and prescribe medications. If you are considering studying medicine, Malaysia offers a range of universities with world-class medical programs. In Malaysia, you can pursue a bachelor in medicine degree, which typically takes five years to complete. The study of medicine in Malaysia provides comprehensive training in medical science and is designed to prepare graduates for the medical profession.2. Work Environment
Dentists and physicians work in different environments. Dentists typically work in private practices, clinics, or hospitals, while physicians can work in a variety of settings, such as hospitals, clinics, and private practices. There is the potential for long hours and being on-call in both fields.3. Job Outlook
Both dentistry and medicine are growing fields, but the job outlook varies. As per the U.S. Bureau of Labor Statistics, employment of dentists is projected to grow by 3 percent from 2020 to 2030, while employment of physicians and surgeons is projected to grow by 4 percent. While the difference in job outlook may seem small, it is important to consider the job market in your local area.
4. Salary
Salaries for dentists and physicians also differ. According to the same data from U.S. Bureau of Labor Statistics, the median yearly salary for dentists was $158,120 in May 2020, while the median annual salary for physicians and surgeons was $208,000.5. Patient Interaction
Both dentists and physicians interact with patients, but the nature of the interaction differs. Dentists often have a more personal relationship with their patients, as they see them regularly for routine checkups and cleanings. In contrast, physicians may have less frequent interactions with their patients, as they are often treating acute or chronic conditions.6. Lifestyle
The lifestyles of a dentist and physician can also differ. Dentists often have more control over their schedules, which can lead to a better work-life balance. On the other hand, physicians may have more demanding programs and may be required to be on-call. If you are considering a career in dentistry, it's essential to note that the field is constantly evolving. Technology and research advances are continually changing how dental professionals approach patient care. In recent years, digital dentistry has become increasingly popular, with the use of computer-aided design and manufacturing (CAD/CAM) technology revolutionizing the way dental prostheses are created. As a dental professional, staying up to date with the latest trends and technologies is essential to provide the best possible care to your patients. Similarly, the medical field is undergoing rapid change, with new treatments and diagnostic methods emerging every day. Medical professionals must stay informed and up to date on the latest developments in their respective fields to provide the best possible care to their patients. Pursuing a career in medicine requires a passion for patient care and a dedication to lifelong learning.
7. Passion
Finally, it's important to consider what field you are most passionate about. Dentistry and medicine are rewarding careers, but they require different skills and interests. Dentistry may be a better fit if you are passionate about oral health and enjoy working with your hands. Medicine is a better fit if you are passionate about diagnosing and treating a wide range of medical conditions.All in All
In conclusion, both dentistry and medicine are rewarding careers with distinct differences. The decision on which career path to pursue ultimately depends on individual interests, skills, and goals. It's essential to comprehensively consider all factors and conduct proper research before deciding. Regardless of which path is chosen, a career in healthcare can provide a fulfilling and impactful career.7March2023
Biomedical Science vs. Biotechnology: What are the Differences?
We have heard the terms Biomedical Science and Biotechnology several times and think they both mean the same. But that is not the case To understand their differences, we need to understand biomedical science and biotechnology in detail. Both terms are related to the study of the science of life, but both focus on different aspects.
An Overview: What are Biomedical Science and Biotechnology
Biomedical Science studies the human body and is all about the “what,” “why,” and “how” parts of things. It studies the human body to know how diseases and drugs affect the human body. Biomedical Science is all about researching different diseases like cancer, diabetes, aging, etc. This research contributes to making new drugs, therapies, or treatments. Biomedical Science studies the human body, its organs, cells, and system function in detail. By studying the human body, science wants to understand the effects of diseases or drugs on the human body. This branch of science is research-based and revolves around lab tests. The outcome is focused on the improvement and development of medical knowledge. Biomedicine helps one understand the fundamental workings of disease and how one can break down those workings to find the basis of it all. Biomedical Science studies the structure of the human body and how drugs affect it. It also studies the effects of chemical processes on living organisms. Now when we talk about Biotechnology, which is all about fixing a problem, it is more about “what can be done to fix a problem.” Biotechnology uses living organisms for the development of new products like seedless watermelons, bio-detergent, and biodegradable plastics. Biotechnology utilizes biological systems to alter the health of human beings or their environments. The advancement of biotechnology is to find ways to tackle severe diseases, create sustainable products to lessen environmental footprints, and conserve energy. Biotechnology is all about improving the quality of life. It is a branch of science that has gained a lot of popularity over the years. A most current example of biotechnology was the vaccines produced during COVID-19.
Academic Requirements for Enrolment
To pursue a Bachelor of Biomedical Science, the applicant must have had Physics, Chemistry, and Biology as their main subjects in high school. The applicant must have a bachelor’s degree in Life Sciences if applying for the postgraduate program. The Eligibility Criteria for a Bachelor of Biotechnology is that the applicant must have an 80 percent score in their high school board with subjects being Physics, Chemistry, Biology, or Mathematics. For postgraduation, the applicant must have Bachelor’s degree in Biochemistry and Microbiology. For Biomedical, students need to understand Mathematics and Physics well. For a Bachelor of Science in Biotechnology, students need to understand Biology and chemistry well.Subjects covered in Biomedical and Biotechnology
In Biomedical Science Degree, students are expected to cover Pharmacology, biochemistry, Genetics, Physiology, pathology, cell Biology, Microbiology, and more. The subjects are not limited to only these. Subjects covered in Biotechnology are Cell Biology, Animal Biotechnology, Fundamentals of Chemistry, Crop Biotechnology, and Biostatistics. Biomedical Science and Biotechnology are different branches of Bioscience, so some of the subjects are going to be the same as well.Career Paths After Completion
Now, if students need clarification about which field to pursue, both fields provide different career paths. The prospects of Biomedical students are mainly in the research area of the medical and healthcare field. By pursuing a Biomedical Science Degree, one can become a Biomedical Scientist, Clinical Scientist, Forensic Scientist, or Drug Developer. On the other hand, Biotechnology opens different career paths, because it is such a vast field. With Biotechnology, one can become Epidemiologist, Food Scientist and Technologist, Environmental Biotechnologist, and Biomedical engineer.
In a Nutshell
There are so many differences between Biomedical Science and Biotechnology, even though they are both parts of Bioscience. It is possible to pursue both fields of study abroad as well. Having said that, the possibilities are endless in both fields.
Students can even combine some of their knowledge to have an expected outcome. There is no comparison between Biomedical Science and Biotechnology, even though they have branched out from Bioscience.
With so many life forms to study, it is vital to divide them, making it easier for students to decide which path is best for them.
Biomedical and Biotechnology are used together to mean the same thing, but they are very different in some ways and similar in others. The differences are vital in understanding the various implications and knowledge areas of the fields.