New skills required in Bangladeshi finance graduates with the current technological progress in the FMCG industry

Abstract

In this day and age of globalization, businesses are increasingly expanding their trade to the foreign market in order to reap bigger government advantages and increase income flow. Accordingly, the globe has witnessed unparalleled change, with far-reaching consequences in all areas of the economy. This necessitated the development of new skills in a country's workforce in order to preserve economic stability and graduate employability. This study attempts to give empirical literature on what skills should be emphasized in the field of finance and accounting in the midst of the Fourth Industrial Revolution, which has been identified as a serious danger to employment in this industry. In the context of Bangladesh's FMCG business, the research determined what other new talents, in addition to traditional financial and accounting capabilities, are necessary to flourish in today's fast-paced economy. The research was carried out in a qualitative and quantitative manner, with data gathered through a combination of questionnaires and interviews. A total of 90 financial experts were chosen for data collection, and their viewpoints were examined. I did topic and content analysis and harmonized the questionnaire responses with the interviews for the goal of analyzing the in-depth interview. The outcome of research analysis and interpretation is one of the essential talents that graduates should acquire with a forecasting mentality. It has also demonstrated the growing necessity of business skills in the form of emotional intelligence and business knowledge as critical to success. This was followed by soft skills, which account for finance graduates' communication abilities. Another critical component has been recognized in the shift of the finance function to a business partner offering services to its main business. The report is structured into three chapters in accordance with the BRAC University internship report guideline and standard. The first chapter portrays a description of the internship. This section depicts information about the student's internship, as well as the outcomes of the internship, such as the student's contribution to the company, the benefits that the student received, the difficulties that the students faced during their internship period, and a recommendation for the internship program. The second chapter is about organization. This section provides an overview of Mari co Bangladesh Limited, as well as marketing, management, accounting, operation management, and infonnation system practices. Also included the FMCG industry analysis and its competitiveness. Finally, the third chapter is the internship report's project section. This section provides the report's primary analytical aspects. This comprises the report's aim, background, methodology, findings and analysis, and recommendations or implementation based on the financial analysis of Marico Bangladesh Limited's vision of 2k by 25.