What are the advantages of a Career in
Finance?
The career opportunities in the field of finance are
many and varied. A career in finance is interesting, challenging, flexible and
offers excellent compensation. Many top executives have succeeded because of
their education and experience in finance.
What kinds of people are successful in
Finance?
People who...
- can think analytically to solve problems
- can make decisions
- communicate effectively verbally and in
writing
- like to work with other people and on teams
- can grasp details as well as the big picture
What are some examples of Finance
Careers?
The opportunities broadly fall into two areas,
financial services and corporate finance. The financial services area
encompasses offering advice and products to individuals, business and
government. Examples, include commercial banking, financial planning, money
management, insurance and real estate. Corporate finance applies to any type of
business or governmental organization, either for-profit and not-for-profit,
large or small, public or private. Examples include financial analysis, cash
management, credit analysis, capital budgeting, and risk management.
Commercial Banking - Includes opportunities
in branch level jobs, leasing, credit card banking international finance and
trade credit. More people are employed in this area than any other part of the
financial services industry.
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Corporate Finance - Careers in this area mean
that you would work for a company to help find money to run the business, grow
the business, make acquisitions, plan for its financial future and manage any
cash on-hand.
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Money Management - Money managers hold stocks
and bonds for institutional clients and are on the buy side of Wall
Street.
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Financial Planning - Financial planners
understand investments, taxes, and estate planning issues in order to help
individuals plan their financial futures.
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Insurance - Jobs in insurance involve helping
individuals and businesses manage risk to protect themselves from catastrophic
losses and to anticipate potential risk problems.
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Investment Banking - Helping companies and
governments issue securities, help investors purchase securities, manage
financial assets, trade securities and provide financial
advice.
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Real Estate - Titles include tital insurance,
construction, mortgage banking, property management, real estate appraisals,
brokerage and leasing real estate development and corporate real estate.
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An excellent website for additional details about
Careers in Finance is http://www.careers-in-finance.com.
For college students who join a student chapter of the Financial Management Association International , a
book, Careers in Finance, is available which provides "information on what
professionals in finance do, what types of decisions they make, on what types of
interrelationships they must deal with, and what skills and abilities they must
have to be successful" [FMA, Careers in Finance, Introduction].
How can the OSU Finance Department help me prepare
for a career in Finance?
- You will receive a strong foundation in accounting
and economics, which are the basis for financial decisions and analyses.
- You will develop the ability to communicate through
class presentations and written assignments.
- You will take courses in financial management,
investments, international finance, real estate investment and finance, bank
management, risk management, financial markets, portfolio management and
insurance.
- You will develop critical thinking skills through
the analysis of realistic case problems and playing business computer
simulations games.
- You will learn to work with other people through
team projects.
- You will have the opportunity to gain practical
experience through internships in businesses.
- You will gain experience in using computers and
other technology to solve problems.
- You will interact with faculty and other Finance
students through student organizations such as the OSU Student Chapter of the
Financial Management Association.
Examples of Finance Careers:
| Portfolio Manager |
Insurance Underwriter |
Real Estate Broker |
| Bank Loan Officer |
Bond Dealer |
Internal Auditor |
| Security Analyst |
Mortgage Lender |
Risk Manager |
| Trust Officer |
Cash Management |
Credit Analyst |
| Real Estate Appraiser |
Capital Budgeting |
Futures Trader |
| Investment Banker |
Branch Manager |
Foreign Currency Trader |
| Insurance Adjuster |
Credit Union Manager |
Personal Financial
Planner |
| Stock Broker |
Financial Consultant |
Insurance Agent |
| Bank Examiner |
Pension Fund Manager |
Hospital Treasurer |
| Municipal Treasurer |
Corporate Treasurer |
Merger Specialist |
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Chief Financial Officer |
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Web Sites
Financial Job Network - http://www.financialjobnet.com
Careers
in Finance - http://www.careers-in-finance.com
Corporate
Finance Network - http://www.nationjob.com/financial
Merrill
Lynch - http://www.ml.com
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Careers in Finance
