What is Finance?
Financial Management
Financial Markets & Institutions
Investments
Financial management is the study This includes money markets (short- Employment is usually found in one
and practice of making dollar*term debt) and capital markets (long- of three areas:
denominated decisions within a
term debt and equities). Money
a) sales,
single firm, i.e., microfinance. Most markets provide companies and
b) security analysis and portfolio
job opportunities in finance are in
governments with liquidity, and the management, or
financial management; every
capital markets provide the same
c) financial planning. Typical firms are
company needs a financial manager, entities with long-term capital.
stock brokerages, commercial banks,
even a one-person operation.
Typical financial institutions are
investment companies (mutual
Financial managers are concerned
commercial banks, investment banks, funds), and insurance companies.
with the acquisition and allocation of thrifts, insurance companies, and
financial resources for a company.
credit unions.
They spend most of their time
managing working capital (short-term
assets and liabilities).
*Or yen or Euros, etc.
People employed in any one of the three main areas of finance must be familiar with the workings of the other
two. All three areas strongly interact .
http://courses.dsu.edu/finance/major/whatis.htm
http://www.careers-in-finance.com/
http://www.mymajors.com/salary-careersjobs/Finance-major
http://www.worldwidelearn.com/onlineeducation-guide/business/finance-major.htm
The average salary for finance majors rose 3.9
percent to $48,300. Most of their reported salaries are
from employers in the banking industry, where their
average salary sits at $43,830. Finance majors found
their highest average starting salary—$68,770—
with securities, commodities, funds, trusts, and other
financial investment firms.
http://www.jobsearchintelligence.com/NACE/jobseekers/salarycalculator.php#
http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Repor
ts/SS_January_exsummary_4web.pdf
The average salary reported for marketing majors is up 4.1 percent to
$51,200. Retail trade and
manufacturing employers supplied the greatest
number of opportunities, but provided distinctly
different salaries. On average, marketing majors
landing in the retail trade industry averaged $35,680,
while those who got jobs with manufacturers averaged
$45,550. Those lucky enough to land with computer
systems design companies pulled in the highest
average salary in this major—$57,300.
http://www.jobsearchintelligence.com/NACE/jobseekers/salarycalculator.php#
http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Repor
ts/SS_January_exsummary_4web.pdf