Career in Numbers, The Finance Majors

Diposting oleh PELAJAR MEDIA Mei 17, 2023

If you’re good with a pen, go get writing courses. If you’re good with pencils, brushes, or palette, go get arts studies. And when you’re good with numbers, then there are a number of courses you can take in college where you can develop your full potential. College has the sciences but basing on the smugness of your face, it is not what you want. Then this leaves us with another option where mathematically skills are quite necessary: finance majors.

That’s right, a career in the finances is a career that is worth thinking about. Students with special affinity with numbers should think about exploiting their skills and enter a field were numbers will become mostly their life.

We could classify major courses in finance into three big categories: the corporate finance, investments, and banking. When we talk about corporate finance, we’re talking about analyzing a company’s level of profitability. It involves finding out present market values and how the company can remain afloat which means studying debts, company’s equity, present earnings, among other things.

Investments, on the other hand, handle just that: investing money to improve the company’s standing within its industry. Analysis on the capabilities of the company to invest in stocks, bonds, other corporations, on various properties, other businesses, etc. is a process that requires knowledge and skills to interpret present market values and utilize those values to come up with the best decision that would help make more money for the company, stabilize its status in the industry, and ensure a solid future.

Another major category of finance courses would be banking. Knowledge on banking, banking laws, intermediary financials, and other banking elements will be part of your curriculum.

Courses in college that revolves around finance include studies in accounting, business economics, and marketing. Graduating from these courses will open the road towards becoming finance career professionals. The knowledge you will gain in studying finance in college will help you learn how to access and process the financial information.

The good thing about becoming finance professionals is that employment opportunities in this field seems to be increasing and according to statistics will continue to increase in the upcoming years. One has the option to enter the field of corporate and financial management or the area of investment services.

Financial graduates will have options to enter corporations or manufacturing industries, health care services, the banking system, as well as insurance and financial intermediary companies. Even organizations and institutions like the academe require the expertise of financial major graduates.

One can also work as financial consultants giving advice on securities, stock strategies, business valuation, economic forecasts, analysis of market trends, and treasury management among other things. Or one can also be a finance manager where the management and strategies involving investment activities will be his main concert and responsibility. Both government and private entities are looking for guys like these.

There are opportunities in the area of corporate finance as well. Corporate finance will see you working in corporations and specifically looks at how the company can get money, harness it, and make it grow to improve the status of the company and plan for its future. Liquidity of assets, flexibility of funds, and the company’s compliance with present laws and obligations will be part of your responsibility as an officer in corporate finance.

There are also opportunities to specialize on a field, like becoming financial trade analysts or credit analysts or money market analysts. There are numerous career paths that one can take when they graduate as finance majors in college.

A career in finance offers a wide range of opportunities for individuals interested in working with numbers and making informed financial decisions. Here are some potential career paths within the finance industry for those with a finance major:

Financial Analyst: Financial analysts assess investment opportunities, analyze financial data, and provide recommendations to businesses or individuals. They often work in areas such as investment banking, corporate finance, or portfolio management.
Investment Banker: Investment bankers assist companies and governments in raising capital through issuing securities or facilitating mergers and acquisitions. They also provide advisory services and help clients make strategic financial decisions.
Financial Planner: Financial planners help individuals and families develop comprehensive financial plans to achieve their goals. They assess clients' financial situations, provide investment advice, and assist with retirement planning, tax strategies, and estate planning.
Risk Manager: Risk managers identify and evaluate potential risks that could impact an organization's financial stability. They develop strategies to mitigate risks, such as market volatility, credit risks, or operational risks, and ensure compliance with regulations.
Asset Manager: Asset managers oversee investment portfolios on behalf of individuals, institutions, or mutual funds. They analyze market trends, make investment decisions, and aim to maximize returns while managing risk.
Credit Analyst: Credit analysts evaluate the creditworthiness of individuals or organizations seeking loans or credit. They analyze financial statements, assess repayment ability, and make recommendations regarding loan approvals and credit limits.
Financial Controller: Financial controllers oversee financial operations within organizations. They manage accounting procedures, financial reporting, budgeting, and internal controls to ensure accurate and timely financial information.
Actuary: Actuaries use mathematical models and statistical analysis to assess and manage financial risks, particularly in the insurance industry. They analyze data to determine insurance premiums, evaluate potential risks, and develop strategies to minimize financial losses.
Financial Consultant: Financial consultants provide personalized financial advice to clients. They assess financial goals, create investment plans, and provide guidance on various financial matters, such as retirement planning, tax optimization, and wealth management.
Quantitative Analyst: Quantitative analysts, also known as quants, develop and implement mathematical models to assist in investment strategies and risk management. They use statistical techniques, data analysis, and computer programming to analyze financial markets and develop trading algorithms.

These are just a few examples of the many career paths available to finance majors. Depending on your interests and skills, you can specialize in areas such as corporate finance, financial planning, investment analysis, or financial research. It's important to continue learning and gaining practical experience to advance in your finance career and keep up with the evolving industry trends.