Why You Should Major in Finance


If you find stocks, bonds, and financial markets fascinating, then you might want to consider majoring in finance. People who like to work with numbers would do well in this career field. There are many jobs you can choose from once you graduate. Let’s look at a few of them.

Skills Majoring in Finance Gain

In school, you’ll take classes that help you develop your analytical skills. That way, you can evaluate a company’s financial standing and dissect fiscal statements. You’ll look at both qualitative and quantitative aspects of business issues. That will help you gauge the implications of individual and corporate actions. Your classes will help you learn how to work with spreadsheets and software that processes financial data. Eventually, you’ll be presenting this information to colleagues and clients. Being able to explain to a less knowledgeable person will be a valuable skill.

Getting Your Degree in Finance

Many graduates find jobs with good starting salaries soon after finishing school. That means it may be worthwhile to get your degree now instead of waiting. That might help you begin your career sooner, allowing to start building wealth. Taking out student loans can be a good way to help you fund your education. And for some private student loans, you don’t even need to have a co-signer. That might give you more freedom in how much you borrow. Money gives you options, and that can translate to a greater choice in what school you go to.

Careers in Finance

In this job, you’ll be advising clients on how to manage their investments. You will have the skills to look at different trends when it comes to the securities market. Then you can apply your knowledge to planning sessions. In this career path, you’ll need to be able to work with numbers and principles of accounting. That way, you can come up with plants for investors. You’ll also need to promote your services and inspire people to trust you. Having great communication and interpersonal skills is vital in this profession. If you are persuasive, that’s a plus as well.

If you don’t like the idea of convincing people to do things your way, then you might be more interested in being a budget analyst. In this job, you will evaluate budgets for governmental, educational, business, and non-profit sectors. You will determine the impact of beginning or continuing ventures. For this profession, you will still need to have good communication skills. You’ll be interviewing managers to find information for proposals. Analysts also teach staff how the budget development process works in an organization. If you also have solid organizational or writing skills, then being an investor relations professional may be for you. This role involves preparing and presenting information about a corporate client to business media, investors, and analysts. To succeed in this position, you’ll need to be able to interpret, digest, and highlight information based on monetary statements. For this process, you will use the software and analytical tools you learned how to work with in school.