Why Business Economics at MUIC

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B.B.A. Officers who would clear your doubts about studying business economics at MUIC.

Mahidol University International College enjoys exchange agreements with over 70 partner universities, representing more than 20 countries throughout the world. Participating in an exchange program is an excellent opportunity for MUIC students not only to expand their educational experiences through having an integrated, international curricular experience but also to engage in cultural exchange which will further develop their cross-cultural sensibilities.

Students can choose to study abroad for either one semester or one academic year at our partner universities and receive credit towards their degree at MUIC

If you're interested in the study abroad program, you can contact the following numbers.

Office: Building 2, Floor 2, Room 2204
Tel: +66 (0) 2441 5090
Fax: +66 (0) 2441 0232

For more information about the study abroad program, go to http://www.muic.mahidol.ac.th/eng/?page_id=2814

Outbound Students | Mahidol University International College | Study in Thailand MUIC is a modern, dynamic, challenging and exciting college that reflects the fast-moving world.

The insurance business is a major part of the financial planning program so the industry needs a variety of experts in this area. Three types of employment in the industry are underwriters, claims, and sales.

Underwriters appraise and select risks their company will insure. They analyze information in insurance applications, reports from loss control consultants, medical reports, and actuarial studies which describe the probability of insured loss. Underwriters assume great responsibility because their company may lose business to competition if they appraise risk too conservatively, and their company will have to pay too many future claims if their decisions are too liberal. Underwriters outline the terms of the contracts, including premium amounts. Most underwriters specialize in one of the four major categories of insurance: Life, Property Damage, Personal Liability, Health.

Claims representatives investigate claims, negotiate settlements with policyholders, and authorize payments.

Insurance agents sell policies that protect individuals and businesses against future losses and financial pressures. They may be either an employee of an insurance company or an independent agent who represents several companies. Beginning agents are usually paid a salary. After that time they are paid strictly on commissions.

A security analyst is a researcher involved with portfolio management and the analysis of bonds, stocks and other forms of investment. The largest employers of security analysts are the large brokerage houses, often located in New York. A security analyst is often assigned one type of industry to research and prepare reports. The entry level analyst is generally an assistant who prepares financial reports for internal use or for clients' needs, and not for the general public's knowledge. Most security and investment analysts prefer to remain in their profession doing analytical work, but some do leave to move into bank lending and security sales positions or to manage departments of analysts.

Other titles for security analysts are portfolio manager, director of research, trust administrator, account manager and broker. Typical promotions are from junior analyst to senior to consultant. Sources of employment include investment counseling firms, mutual funds organizations, insurance companies, banks, brokerage houses and research firms.

A security salesperson is one who buys or sells stocks, bonds, or shares of mutual funds for an investor.They are often called customer brokers, registered representative or account executives. Before they can qualify as a registered representative, they must pass the Security and Exchange Commission's general security examination. Courses in finance and investment subjects are usually helpful in securing employment. Once a salesperson has completed training and licensing requirements, earnings are usually in the form of commissions from sales of securities.

Successful security sales people enjoy their work and earn substantial commissions. They can move into management positions, such as branch manager, but most prefer to remain in sales. The reason for the lack of interest in advancing into management positions relates to the higher earnings potential in sales and the sheer excitement of the business. Most work with high net worth individuals.

Brokerage houses regularly close or merge. Experienced security salespeople find themselves changing employers occasionally but there is little negative impact on their earnings.

Financial planners advise clients on financial matters ranging from personal budgeting to investment strategies. They often give recommendations on tax planning, estate design, wills, stock portfolios, life insurance and real estate holdings. Financial planners earn income by charging a fee to clients and earning a commission from products. A common career path involves working for financial institutions (banks, insurance, securities brokerages) at the entry level, and receiving training in both sales and financial products.

A high percentage of financial planners are independent practitioners or partners in a small firm. The designation of CFP, Certified Financial Planner enhances the professional recognition and lends credibility to the planner. Additionally certain licenses (for example, series 7) must be acquired when trading in securities or commodities.

The job requires initiative, ability to market clients, strong interpersonal skills, analytical ability, effective communications and persistence.