Finance

Finance

The study of finance is primarily about learning how to make financial decisions for organizations.This course emphasizes the knowledge to understand and take part in the global economic system besides examining the techniques of financial management.The financial services are incorporate with variety of other businesses providing services including accounting, insurance, banking, brokerage,real estate,risk analysis,asset management, and investment.

We can never deny the importance of educated business and finance professionals in our industry.So,the first reason I choose finance as a major is because a person with finance background is needed by a broad variety of employers.As a finance major, I will not be pigeonholed to a certain type of company only,but instead I can choose among various types of business or nonprofits.

Next,finance graduates are in need in most organizations. Now more than ever, individuals,state and local governments,small businesses, and large corporations need educated business and finance professionals to plan for the future.According to the Bureau of Labor Statistics (BLS), the job outlook for several finance careers looks very promising.This is proved by a study where researchers found that the number of Financial Analysts and Personal Financial Advisors are expected to grow faster than average at 23% and 32% respectively from 2010-2020.

Last but not least, finance,banking, or investment play important roles in making money.Based on Wealth-X and UBS Billionaire Census,most billionaire make money from finance,banking, or investment.This leaves industrial conglomerates and real estate behind. 

As a finance graduate, I can involve myself in many field of work.For example,I can become a financial analyst.A financial analyst researches macroeconomic and microeconomic conditions along with company fundamentals to make business,sector and industry recommendation. They also usually recommended a course of action,such as to buy or sell a company’s stock based upon its overall current and predicted strength. An analyst must be aware of current developments in the field in which he or she specializes as well as in preparing financial models to predict future economic conditions for any number of variables.

In addition,I can also become a personal financial advisor who provide advice on investments, insurance, mortgages, college savings, estate planning, taxes, and retirement to help individuals manage their finances.Most personal financial advisors work in the finance and insurance industry or are self-employed. They typically work full time and may meet with clients in the evenings or on weekends.Employment of personal financial advisors is projected to grow 30 percent from 2014 to 2024, much faster than the average for all occupations. As the population ages and life expectancies rise, demand for financial planning services should increase.