A Bachelor of Science in Business with a Concentration in Finance is different from a degree in accounting in that a degree in finance is narrower in focus. Classes in this field focus on technology, ethics, e-business, critical thinking, problem solving, methods of research and statistical analysis. It serves the decision makers outside the organization, for example banks, stockholders and suppliers.
If you are a student studying for a degree in finance, you are probably by nature, outgoing and inquisitive. While taking the classes for this degree, a student will learn to use their mathematical ability to take in considerations an organization’s goals, resources and options while making suggestions for continued financial growth.
Doing well in the classes taught for a degree in finance will benefit a student because their GPA can sway employment opportunities in this area. Finding a job position in finance requires a minimum of a bachelor’s degree. The courses taught for this degree will provide a student with important financial management tools for success when analyzing and executing managerial decisions related to finances.
The job outlook in finance is expected to grow faster over the next 10 years than the average industries grow. There will be opportunity that spans many areas such as corporate financial management, personal financial planning and investment services. Other financial intermediary companies who hire graduates of finance include insurance companies, and commercial and investment banks. With a finance degree, a student will have the tools for understanding the financial markets such as the functions and applications. In addition, a student will learn how to access and make use of financial information.
If a graduate lands a position as a financial analyst, they will be expected to make recommendations about financial goals. As a financial consultant, giving advice about securities pricing, economic forecasts and analysis, and input into treasury management to name a few, will be expected in this role. As a finance manager, a student will do some direct financial reporting and cash management strategies. They will need to see the “big picture” and to be creative in thinking.
Students also have the opportunity to work in corporate finance and as a financial officer; you will focus on areas including liquidity, flexibility, agreement with laws and support. Those working as financial planners will focus on helping individuals with their finances. To be in this position, a person with this degree should also have interpersonal skills. Financial planners have a good understanding of taxes, investments and more.
Graduates in the insurance industry with a Bachelor of Science in Business with a Concentration in Finance degree will help clients understand the insurance needs, advise them of their options and assist with the necessary policies.