Why Finance?
Finance is the art and science of managing money or, if you like, the way
people, institutions, markets, and countries generate and transfer wealth.
Finance majors study things like commercial and investment banking,
forecasting and budgeting, and asset and liability management. You'll
learn more than you may ever want to know about money, stocks and
bonds, and how markets function. You'll learn how to determine what
fraction of a firm's assets (or your own assets) to put into different kinds
of investment vehicles in order to obtain the highest return for a justifiable
level of risk. When you graduate, all those baffling indexes at the back of
the Wall Street Journal will make sense to you.
Upon graduation, your career can take many paths (naturally), but most
Finance majors find jobs in the finance departments of firms; with banks,
mutual funds, and other kinds of financial institutions; or in government
or some kind of charitable organization. Some schools offer specialized
areas of concentration within the Finance major as well - in insurance
and real estate for example.
# of people in profession: 735,000
Average hours per week: 55
Average starting salary: $ 39,800
Average salary after 5 years: $ 44,800
Average salary after 10 to 15 years: $ 190,000
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Professionals Read: Money, Wall Street Journal
Films and TV Shows Featuring the Profession:
Money Up Money Down, The Assessment,
Wall Street, Dealmaking
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Major Associations:
Institute of Certified Financial Planners
3801 East Florida Avenue
Suite 708
Denver, CO 80210
Tel: 800-282-PLAN
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Financial Executives Institute
10 Madison Avenue
P.O. Box 1938
Morristown, NJ 07962-1938
Tel: 973-898-4600
Fax: 973-898-9456
Contact: Diane Albergo [email protected]
Web: www.fei.org
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All information above thankfully provided by the Princeton Review.
>>Finance at The Princeton Review
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