You can study a business finance major if you want to work in the field. The first class you take in school is usually your sophomore year. It involves a lecture course covering a variety of topics including bonds, stocks, and interest rates. In addition to classroom discussions, you may also read articles and books about financial matters. Taking a business finance major is not for everyone. For example, you may be surprised to learn that the average business owner has a net worth of around $4 million.
Careers in business finance
Several fields offer a rewarding career for people with a background in business finance. For example, corporate banking offers a variety of financial and banking services for corporations. Such services include foreign exchange strategies, asset securitization, equipment leases, term loans, and more. Career options in this area include relationship manager, underwriter, and financial analyst. Various skills are required in this field, including financial analysis and communication skills.
A career in finance typically requires advanced mathematics skills, a strong working knowledge of statistics, and a thorough understanding of economics. In addition to practical skills, a business finance major also builds a student’s knowledge of economics, accounting, psychology, and communication. With these skills, they are well-equipped to pursue a career in any aspect of business. And, if you’re looking for a higher-level position, a master’s degree is a great option.
Job outlook for business finance majors
Careers in business finance are expanding at an accelerated rate. Demand for financial analysts is increasing, with the job outlook for finance professionals predicted to grow by 30 percent between 2014 and 2024. Many young workers take advantage of retirement plans offered by their employers to wisely invest for their futures. However, few companies provide investment advice to their employees. These employees must turn to an external professional to help them make sound investment decisions. In the current job market, an education in business finance is vital.
In the U.S., a career in business finance is a good fit for those interested in business administration or accounting. The job scope is diverse, with job prospects ranging from administrative to management positions. A business administrator can be pulled in several directions during the workday, but most employers require at least five years of related experience. The University of Phoenix offers undergraduate degrees in business and finance as well as certificate programs in specialized occupations.
Cost of business finance major
Business finance majors gain a thorough knowledge of how money is raised and how to manage it. They gain expertise in investment strategies, corporate finance, and personal finance. They also develop a solid background in the regulatory environment. This prepares them for positions within corporations, and for post-graduate study in all aspects of business. Costs can range from
$1,900 to $32,000 depending on the school and the individual. In addition to tuition, business finance majors must pay for books, transportation, and other necessary expenses.
A finance major at UWEC prepares students for the Chartered Financial Analyst (CFA) exam. This internationally-recognized certification combines technical skills with a strong background in financial planning. This credential will help your resume stand out from other candidates. It also gives students a foundation in financial analysis and risk management. The curriculum of this program includes classes in asset valuation, financial risk management, international finance, real estate, and corporate planning.
Requirements for business finance major
Students who decide to major in business finance need to take a number of prerequisite courses. These include foundational math classes, economics and calculus, strategic cost analysis, management, and ethics classes. They may also take electives such as impact investing, case studies in finance, or ethics in business. Schools may require students to take courses in the humanities, and some may allow them to major in a subject other than business.
To complete the program, prospective students must complete a minimum of 12 credit hours in the major. This means that they may not complete more than 12 hours in the major before they are admitted. For example, prospective majors must complete a minimum of eight hours in the major, such as ACCT 200, CIS 141, COMM 145, ECON 202, and 203. Admission requirements also include a math SAT score of 610, and students must earn at least a 2.5 GPA in these courses.