Practical Skills In Education

Education plays a key role in granting knowledge and skills to people in the long run. And many educational institutions and university are trusted with great faith that these colleges will always provide the lesson of facing reality with enough confidence and courage. I completely agree with the notion, where it is highly important for universities to teach their students many practical skills like managing accounts and investments as a rule of thumb. Earlier, only the theoretical knowledge of accounts and investments for provided to the commerce specialised students. And even with such learnings people struggled to manage their finances post graduation, because of the reality of life. People don't always make the right choices when it comes to money in the real life. Making smart decisions with regard to money is not everyone's cup of tea. There are various aspects that influences a person's money spending behaviour all the times. Thus, it is way too necessary for Universities to pitch in and impart the practical skill of managing finances, so people's struggle in real world is sorted. For instance, Educational institutions can bridge the gap of these learnings, taking fundamental accounting classes to all students in the university. Additionally, universities can invite speakers from investment fields to grant lessons on diversifying funds in the market and various other investment options to understand the impact of money in everyone's lives. To conclude, accounting and investing subjects will always be core subjects to commerce specilisation, and there is so much depth into these concepts than one knows. But at the present, basic knowledge of these subjects are key for making normal financial decisions in one's life.

Colleges and universities demand huge amount of money for providing education to students. Institutions should educate students with practical skills such as managing accounts and investments which will be beneficial for them while, working in corporates. I completely agree with the topic. Colleges and universities demand for lumpsum amount of fees for giving education to students. University includes all kinds of subjects related to the stream but they lack to provide practical knowledge and skills. Individuals should have good knowledge and exposure on their spending. They should be good financial planner and advisor. As inflation is skyrocketing, people should be aware on how much to spend particular month and how much to save. If practical skills are taught them during college days, students would not face any problems in future. As soon as, they started working in corporates and earning they will start investing their funds in various types of schemes available in market such as SIP, mutual funds, retirement policy, health insurance, LIC and many more. If they have knowledge of managing accounts and investments which will be taught them during their college days, they will not spend unnecassarily. Students gets pocket money from parents during their college days and therefore they are not aware about the pain and time it takes to earn money. So, if pratical skills such as managing accounts and investments will be included during their course studies, students will be aware on how to make money and where to invest in order to secure better future.

Colleges and universities play an important role in equpping students with skills necessary in their future endevours. While traditional academic education is vital, there is a growing arguement that these institutions should place greater emphasis on teaching practical skills, such as managing accounts and investments. I strongly agree with this notion, as it better prepares students for real-world challenges and fosters financial independence. Firstly, incorporating practical financial skills into the curriculum equips students with essential tools for life. In today's fast paced world, where financial literacy is crucial, many individuals face difficulties in managing their personal finances. Skills such as budgeting, tax filing and investment planning are rarely taught in unoversities, leaving graduates unprepared to handle financial responsibilities. For instance, young adults often struggle with student loans or credit card debts due to a lack of knowledge about financial managment. By integrating these subjects, educational institutions can ensure that students graduate with a foundational understanding od how to manage their finances effectively. However, it is essential to maintain a balance between theoretical and practical education. Ciritcs argue that universities are centers for advanced learning and should not reduce their focus on theoretical foundations. While this is valid, the two approaches are not mutually exclusive. A curriculum that combines theoretical knowledge with practical applications ensures holistic development. For example, students studying economics could benefit greatly from pracitcal modules on investment strategies, which complement their theoretical learning. In conclusion, prioritizing practical skills like financial managment in colleges and universities is a necessary evolution in education. By doing so, institutions prepare students not only for professional success but also for personal financial stability. A well rounded education that integrates practical and theoretical knowledge is key to meeting the demands of the mordern world.

The topic is regarding the responsiblies of the colleges and universities in educating students with practical knowlege or skills that are beneficial for them in future.On which I completely agree that the students have only therotical knowlege without knowing how to apply them . Taking my college as an example. Firstly students have knowledge of all the computer algorithms and functions which are used in solving problems but don't have any idea of how to use which algorithm when required . Recently we had our practical exam where we were given a task of developing a model based on a table .The table contained two variables (x1 ,x2) and the respective outcome (y). The goal was to predict the outcome y based on the values of x1 and x2 . Here it was understood we had to use simple linear regression model to predict the outcomes . However students who had top the theory exams struggled with the problem implying that they had book knowlege but no practical skills. Moreover students are educated about older technology that has been outdated for a long time therefore have no idea of how to use nowadays applications and machines . I had taken a course in microprocessor where i was taught the working of Pentium processors which have been replaced by i3, i5 i9 chips. Thus i had no working knowledge about these processors additionally information of pentium processor turned out to be useless at they have been removed from the market . For these reasons , I 100 percent agree that the student must be taught how to use their knowlege in real world .The Universities must teach students about real life problems rather that specific book examples preparing them to solve the new problem on their own.

In fast pacing world today that we reside in ,Offering education to large number of young people are considered as main responsibility for universities and colleges.In my opinion, educational institutions should be given chance to impart knowledge to students in specialized courses (such as computer engineering and finance )along with providing formal eductaion which will inculcate good values. On the one hand,universities provide good opportunities for students to learn specific skills related to their interseted domains.This will help them to get good paying jobs in multinational companies which will aid to improve their financial status.Additionally,this can augment economy of the country which further enhanaces youth standard of living.A quintessenatial example would be my cousin who did not enough money to support family in earlier days is now secured a decent job in multinational company after graduating from university.Thus , Universities play important role in shaping people lives. On the other hand, univeristies should focus on inculcating good values in students which will help them to distinguish between good and bad.in other words ,universities should impose strict discipline actions related to punctuality, submitting assignments on time and cultivating learning habits to become ideal citizens .Moreover, with such stringent disciplinary actions,these citizens will become asset to the country in shaping national economy on global stage. Also, government should take necessary steps to provide access to students who are eligible and talented by providing free eductaion.Policy makers should strike a balance between access to university education and allocation of resourses to other areas which are essential for development of the country. In conclusion, i fully agree with the view and firmly belive that the colleges and universities should be given diligent responsibilty to impart education to young people in specialized skill sets.