Finance, as a field of study, as an industry, and as a sector is flourishing with a graph that is only ascending. Every company in every industry deal in finance, one way or the other. To successfully manage their finances, every company needs a finance professional. You could be that professional with a good number of years in industrial experience or a bachelor’s degree in finance.
Benefits of A Finance Major
Bachelor in finance or a specialization in finance comes with its own set of benefits. First, it helps you build analytical skills and deploy it to dissect financial statements and appraise financial strength of a company. Second, it develops your understanding and application of spreadsheets and other software mostly used for processing and representing financial data. Third, the overall understanding of finance helps you in other areas of life and also helps you build career in virtually any industry.
It is important, however, to choose a good university or institute for pursuing a degree in finance. Also, while shortlisting and finalizing the university or institute for yourself, ensure it offers some added advantages. For instance, EU Business School with campuses in Munich, Barcelona, Geneva and Montreux offers Bachelor in Business Management and Finance with a facility to study one year at a certain campus and next year at another. This would help you gain wider exposure and learn from professors at different geographical locations.
Advancing Career after Bachelor in Finance
After completing a major in finance, you become eligible to apply for entry-level or associate-level jobs at various leading companies. Here is a list of some of those jobs:
#1 Financial Analyst
It is a great option to advance your career in the finance field. As a financial analyst you would research books, companies, bonds and industries, while assisting bankers, investors, and more. You may be tasked with building financial models and conduct complex quantitative analyses. Furthermore, you may be tasked to produce reports presenting your finding and analyses to banking or finance team members.
#2 Budget Analyst
There is a lot that a budget analyst does and therefore, plays a substantial role in organization’s growth. As a budget analyst you would apply principles of finance to various projects as well as proposals of your company, which could be dealing in any industry from educational to governmental to non-profit organizations. Along with analyzing budgets and evaluating financial impact of current and new ventures you would be using your refined communication skills for interviewing managers and gathering information on proposals.
During your finance majors you would learn to construct, interpret and critique financial statements. At the same time, you would understand about accounting and its application in detail. Through this understanding you can easily carry out complex accounting activities in industries having financial orientation.
#4 Investor Relations Associate
If you have good organizational, communication and writing skills, you can choose to apply for the role of investor relations associate. In this role you would prepare and present financial information carrying details about their company to investor, analysts and business media. Be prepared to interpret and highlight information from financial statements. For this, you would be using analytical and software tools.
By choosing to enter the actuarial industry you would be playing a leadership role in finance-oriented businesses such as banking, insurance and accounting firms. Using your strong mathematical skills, you would be calculating the probability of occurrence of various events and assess financial consequences of their outcomes. There is software for performing various actuarial tasks that you would be using for calculating and ultimately presenting the findings.
Final WordsTo be able to choose a career for yourself and advance in it after earning a Bachelor in finance, it is important that you understand your underlying interests. While studying through the graduation, take time to find out which of these careers interest you and what are their requisites. You can begin refining your skills for the specific job while graduating. So, as it approaches completion, you would have already gained an edge over your peers. This way you can directly apply to the companies offering your chosen role during campus drives.