English has become the language of the people. It is used by most people to connect with each other worldwide. Every nation has a different language to say the least and there are at least 5 different dialects of that same language. English although having different dialects still has the same meaning of words in each dialect. It is also most commonly used as a second language by a lot of countries.
English is the native language of over 67 countries and the official language of many others, making it increasingly important in so many industries. While this language was once thought to be spoken only among the world’s trading elite, it is now spoken by almost everyone working in the financial industry. Approximately 1.35 billion people around the world speak it as their first or second language. Many foremost economies that use English as their official language, include the United States, United Kingdom, Australia, and New Zealand. It has become essential to learn Business English online in Switzerland since it is a common language in many countries, it is used in the majority of global financial transactions.
Financial English is a sub-category in Business English. It is used in the financial and banking industry, where terms such as ‘asset’, ‘liability’ and ‘equity’ are often used. Financial English also includes understanding financial reports, analyzing data, and discussing investment strategies. There are detailed Business English Online Course in Switzerland can teach you the nuances of the language and its uses in the finance sector. Additionally, many financial documents, reports, and contracts are written in English, and knowledge is required to accurately understand and interpret these materials. The course will also teach you finance vocabulary used in the finance sector.
In today’s global world, we all know that English is widely used in the corporate world for effective communication in the workplace. Additionally, you need to continually improve your communication skills to advance your career, get promoted, and perform better at work. Learn Business English online course in Switzerland because to build the trust required to sell your services or striking a deal, you need to ask the right questions and provide the right information. To build a better relationship with potential customers, it may be helpful to ask them about their major financial worries. And you may have to answer tough questions about your performance to convince them you’re the right choice.
Gaining fluent and proficient business English skills will enable businesses to communicate efficiently and clearly with colleagues, subordinates, superiors, and customers, further increasing productivity in the work environment. However, the corporate world is full of jargon and industry-specific phrases, making learning business English even more difficult. Corporate English course in Switzerland has been gaining popularity because of its prevalent use in the professional hemispheres. Especially finance, as this sector is extremely huge and overlaps with other sectors on a daily basis.
Below are some commonly used words in the financial sector:
Accrue (i.e. compound interest)
Accrue means to accumulate over time and is most commonly used when talking about the interest, income, and expenses of a person or business. For example, interest on a savings account accumulates over time, increasing the total amount in that account.
ATM (Automatic Teller Machine)
ATM stands for Automated Teller Machine and is a self-service bank branch. You can also withdraw money from ATMs, check your balance, and transfer money.
Balance sheet
A balance sheet is a financial statement that provides details of a company’s assets or liabilities at a particular point in time. It is one of three core financial statements used to evaluate a company’s performance (the other two being the income statement and the cash flow statement).
Budget
Budget is an approved plan to spend a specific amount of money during a specific fiscal year or project period. The budget determines the balance between centrally managed funds and funds disbursed from sponsors.
Variable costs
Variable costs are costs that change depending on a company’s production or sales volume. This means that when production increases, variable costs increase and when production decreases, variable costs decrease. The most common types of variable costs include labour, utilities, fees, and raw materials.
Withdrawal
A withdrawal is when money is taken out from your bank account, savings plan, pension, or trust. That amount of money is credited from the account holder’s account.
Clarity and consistency are important parts of business English, which is why things like strong vocabulary and well-written sentences are highly valued. You will be learning such words and their meanings with us. By learning Business English, you can improve your general English skills while focusing on areas that will help you achieve your goals at work. Whether it’s starting your career, pursuing a promotion, asking for a raise, or simply gaining confidence in your role.
There are more complicated words and their meanings that will be taught to you so you can start thinking in a different language. MD Business English is the first port of call for business and finance professionals looking to advance their careers. If you want to learn Business English Online Course in Switzerland from Mastermind in Europe, all you need is the passion to become an English wizard. is an experienced English trainer who has taught people all over Europe the art of speaking English fluently and naturally.
Marcus believes that anyone can learn a language and speak it elegantly without interrupting the flow of the language. We won’t only transform you as a speaker but also elevate your mindset to become the best in your career.