The major in finance is designed to provide you with the financial knowledge and skills required for a successful business career. This field of study attempts to give you a thorough understanding of the theoretical financial principles and the practical implementation of these principles in the world of business. You will learn how financial markets operate and how to make effective investment and financial decisions for firms and individuals. This major is designed to help you develop analytical skills and problem-solving abilities.
Knowledge and practice in the world of finance have become crucial in the success of corporations and of the individuals employed by them. Financial markets are the major conduits through which investments are channeled in the global marketplace. Understanding these markets and how to make investment decisions are crucial for your success in business.
Careers in Finance
If you have chosen finance as your area of expertise for your career, then you are in luck. Analysis from the U.S. Bureau of Labor Statistics shows that employment for financial analysts is projected to grow faster than the average for all occupations between 2010 and 2020. You will have access to numerous opportunities both regionally and nationally, in a number of different financial career choices. Your knowledge in financial advising, management and analysis will give you an edge up on the competition. Below are just a few career opportunities that are available to finance majors:
In this career, you research the economic conditions of your industry and business in order to offer financial and investment recommendations. For example, you would advise your business or clients on buying or selling a company’s stock based upon its overall current and predicted strength. You are also responsible for preparing financial models to predict future economic conditions for any number of variables.
Investment Banking Analyst
In the banking sector, you would interpret financial data and economic trends that enable you to offer investment advice. Your clients can vary from wealthy investors to government agencies that are looking to issue stocks and bonds, so you must display diverse communication skills alongside your bachelor’s or master’s degree.
Your job as a financial auditor is to provide reviews of companies’ financial statements and ensure that their public records are accurate and in compliance with existing legislation. You are responsible for developing financial reports for your company’s records as well as for tax preparation and more.