What Is Finance?

THE NEWS IS OUT: Building a career in finance is not synonymous with being an investment banker on Wall Street, or a trader on the global stock exchange. Upon graduation, students that major in finance have a variety of career paths to choose from. While working in the financial sector, you can advise both companies and individuals on how to make money while also earning a stash of Benjamin’s on your own.

If you think working in finance symbolizes a nerdy number cruncher who appears to be engaged to a calculator, you have a very wrong perception of what it means to work in finance.

Finance is necessary to business success. A financial analyst helps an organization understand its financial standing and advises the organization on how to fulfill its financial goals. Working in finance keeps you on your toes as you develop strategies to combat financial issues that may arise in a company. Understanding finance is essential to the success of an organization. 

Why Major in Finance?

It’s marketable. According to research conducted by the National Association of Colleges and Employers (NACE) regarding the top degrees for getting hired in 2016, a degree in finance ranked number one among employers, surpassing computer science and mechanical engineering.

It’s impactful. A company cannot survive without making money. By working in finance, you are on the front lines of the battleground and a necessity to victory.

It pays well. The median annual pay for employees working in finance is around $69,000, and more experienced/specialized workers can make up to $187,000 or more. There are numerous opportunities for advancement, and you can work in many different roles, from personal financial planner to chief financial officer at a Fortune 100 company.