How speaking the language of banking and investment can help you

Speaking Business English is essential if you are in any type of industry. Knowing the jargon of the industry you are in- whether it’s marketing, retailing or banking for example- stands you in good stead. Today I’m going to write about the importance of speaking Business English in banking, whether it be in investment or retail, and the language of economics.

My perspective is from that of a financial journalist and before that as a macroeconomist from the New Zealand Treasury. It’s from the perspective of someone who has lived in places where English is the dominant language and those where it’s not. Instead, languages like Arab and Vietnamese are spoken.

What they all have in common is the need to speak English, whether in a business setting or not. It is the lingua franca of the business world. That is the common language, the bridging language or the trade language.

Approximately 1.46 billion people speak English worldwide, with about 380 million native speakers and over 1 billion second-language speakers. English is the most spoken language globally, with nearly 17 percent of the world’s population communicating in it.

Understanding Business English will prepare students for the future and ensure they are well-equipped to navigate the dynamic landscape of financial markets, economics and entrepreneurship. It will ensure that students know the jargon used in their own workplace, making speaking at a meeting or at a conference, or any other type of event, as well as networking, easier.

Learning about investment and economics will give students a sense of financial empowerment so they can evaluate investment decisions and risk, and make decisions that align with their financial goals. Hence, better financial knowledge will help with long-term financial planning, such as buying a house, enrolling in a course to enhance education, working in the corporate world, becoming an entrepreneur, or ensuring you have enough money for retirement.

Learning Business English for banking and investment

Embarking on a course that is termed “investment” can be daunting and intimidating, especially when one is faced with many financial terms and acronyms. Sometimes there is so much to learn that some people may not embark on understanding investment, economics, or even accounting terms. A “head-in-the-sand” attitude seems to be common whenever the words “investment” or “economics” are mentioned.

Part of this is because the term “investment” can mean different things to different people, depending on interests and professions. For example, it can mean trading in stocks or shares, investing in real estate, ensuring that an investment gets a good return, financial modeling, entrepreneurship, or even a merger or acquisition (an area I was in for several years). While some people need to know about investing because of the work they’re in- they might work in a bank for example, or work in mergers and acquisitions (M&A) – or they might only need to know investment terms that allow them to make sound investment decisions, grow their own wealth, and assess risk.

The module on investment and economics at Learn Business English (LBE) (www.learnbusinessenglish.net) will cover the fundamentals of investing but also economic trends, such as inflation and interest rates, so that students can anticipate economic shifts, make informed predictions, and adjust their financial strategies accordingly. Being equipped with this knowledge is important whether students are in the corporate world or embarking on an entrepreneurial venture.

By using real-life examples and case studies, this online course in Business English can equip students with knowledge of investment terms and enable them to understand the world of economics too. This module will give them financial and economic awareness.

Learn Business English will give students the competence, knowledge and skills they need to understand and communicate confidently in the business world when investments are being discussed. It can also help if students want to become entrepreneurs and can help them learn the vocabulary they need, such as fundraising. Knowing the jargon of every industry is important.

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