Finance students apply business, accounting and marketing smarts to jobs
in banking, international finance and financial planning. If you've got sharp
communication skills and a head for number-crunching, check out this degree.
You can enter the workforce with a bachelor's degree. But some students
choose to pursue a master of business administration (MBA). Graduate programs
usually require an honors undergraduate degree in commerce or the equivalent
as well as an interview, a graduate admissions test and letters of recommendation.
Undergraduate programs last about four years and prepare graduates for
entry-level positions. Graduate programs range from one to two years.
Finance is offered under a school's department of commerce or business
administration. Students choose finance as a subspecialty and graduate
with a bachelor of commerce (B.Comm.) or a bachelor of business administration
"Students select their specific concentrations within finance by selecting
from electives in portfolio theory, bank management, options and futures,
international finance and financial planning," says Jeff Peterson of Saint
Bonaventure University in New York.
Many programs also contain one or more internships or paid work terms,
where students work for a bank, government department or financial services
Students need an aptitude for numbers. "If you don't like basic
math or statistics, don't even consider it," says Leigh Riddick of American
Finance students must also demonstrate solid communication and information
processing skills. Professor Robert Heinkel also believes interpersonal
skills are necessary.
"Generally speaking, students should pursue a general college preparatory
course of study in high school," says Peterson. "Math, physics and economics
are particularly important to the study of finance."
The main costs are tuition and books.
Occupational Outlook Handbook
For more information related to this field of study, see: Securities,
Commodities and Financial Services Sales Agents
Learn about finance the fun way -- through stories and quizzes
Association for Financial Professionals
Information and resources for the finance profession
Finance and Economics on the Web
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