Finance Opportunities in Business
A degree in finance will enable you to provide corporate management and boards of directors information needed to make decisions on project feasibility, marketing and pricing of company products, the profitability of new product lines and the impact of advertising on sales. Business firms (banks and other financial institutions included) employ finance majors to undertake specialized financial analysis in evaluating their market positions and profit possibilities, the federal government’s domestic economic policies that have important implications for their businesses, and international economic and financial events that affect the operations of their firms. Business firms also employ financial graduates to do non-specialized work in sales and management because business managers believe financial training to be very desirable for these positions. The finance major is well trained to compete with other business or liberal arts majors.
Finance Majors in Government
Finance graduates collect and analyze data and prepare studies used to assess economic and financial conditions and the need for changes in government policy. At the federal level, they help to prepare national economic and financial policy and advise regulatory agencies. They often serve on staff to congressional committees or in congressional offices. At the state and local level, financial graduates analyze the economic impact of compliance with policies and federal regulations.
According to the Bureau of Labor Statistics Website for finance careers and salaries, the current job outlook for financial managers forecasts 10% to 20% growth and more than 36% for financial services sales representatives. Overall, financial graduates should encounter favorable job prospects in manufacturing, financial services, advertising agencies, research organizations, and consulting firms. The continued need for financial analysts, health service administrators, urban and regional planners and environmental scientists, also increases the number of job opportunities for finance graduates. With increased reliance on quantitative methods of analyzing business trends, forecasting sales, and planning purchasing and production, employers will seek financial graduates trained in econometrics and statistics.
Graduate Education in Finance and Business
Students who pursue a graduate degree will learn that their undergraduate training at UAB provides an excellent background.
A large percentage of students admitted to the leading graduate schools in business administration have undergraduate degrees in finance. The undergraduate program at UAB provides solid training in quantitative techniques. This course work gives a competitive advantage to students who plan to attend a quantitatively oriented graduate business school.
Most law schools consider a financial degree a highly appropriate preparation for studying law, because finance students are trained to think logically orderly and critically. Financial study is fundamental in legal practice because financial regulations can be legally complex, and many legal issues and law suits involve questions of finance. Many prospective finance professionals and lawyers pursue graduate education in both areas. A student can work toward a M.A. degree in finance while attending law school or take some law courses while working toward a Ph.D. in finance.
Job Fields to Explore:
Within Corporate Finance:
Treasury Management, Financial Analyst, or Investor Relations
Investment Analyst, Stockbroker, or Market Maker
Within Financial Institutions:
Commercial Banking, Investment Banking, or Personal Trust Administration.
Other options include Financial Engineering, Financial Planning, Insurance, or Real Estate.