Why Major in finance? Studying financial management can prepare you to have a variety of career options. You may be interested in a number of positions, including those in the following fields:
An accounting and finance major combines math, statistics, and business to produce a complete set of courses in finance. In business administration (business administration) students can obtain a degree in Accounting, an Accounting, or an Accounting-Business Concentration. A student must also have a minimum GPA of 3.0 on all business courses taken. An Accounting-business concentration requires students to choose at least two business courses that apply to the concentration area.
Accounting majors typically take courses such as Management Accounting, Business and Public Policy, and Managerial Accounting in addition to a business course in business administration. A student should have a good command of mathematical skills to enter this program. Courses in these areas usually include advanced calculus, statistics, and other finance topics. A minimum GPA of 3.0 on all business courses taken is required.
A Bachelor of Business Administration major focuses on economics. The curriculum usually consists of one year of general business courses such as Accounting, Economics, Management, Marketing, Public Relations, and Financial Management. In business administration, students will select courses in the Finance, Information Systems, and Accounting areas. Some students may choose to earn their bachelor's degree in Business Management. Students should have a minimum GPA of 3.0 on all business courses taken in business administration.
An undergraduate Bachelor of Arts major in business requires a minimum GPA of 3.0 in all business courses taken and is typically comprised of courses in economics, accounting, business communications, and managerial studies. Business communication courses may also be required to prepare students for the role of an accountant in the finance industry. Some students choose to continue on to a Master of Business Administration or PhD.
A Master of Business Administration or PhD prepares students to move into a managerial position or into a more specialized field of study. The curriculum of an MBA includes courses like Entrepreneurship, Financial Management, Human Resources Management, Organizational Behavior, and International Business. Students must have at least a Bachelor of Science degree in business to apply for an MBA. program. Courses in these areas include Business Analysis, Marketing, Strategic Management, and Accounting.
For the Masters of Finance, a student must have both a Bachelor of Arts or Bachelor of Science degree in business with a minimum GPA of 3.0. Courses in finance and business include Accounting, Finance Strategy, Fundamentals of Investment, Principles of Corporate Finance, Quantitative Methods in Corporate Finance, Financial Planning, Managing Money, Financial Accounting, and Business Analysis. Business courses may also focus on public policy, risk management, executive coaching, business ethics, accounting standards, managerial communication, risk management, and the practice of business law.
Online business schools may be a good choice for your studies, but there are some important qualifications that make these programs an ideal choice. If a student wants to further their career, he or she must take courses that prepare them for advancement within their current organization. A business school offers a better curriculum that helps students learn about the basics of business from the ground up. Online business school also allows students to get a thorough understanding of the business world from their professors without having to leave their office.
Before choosing a major, it is important to consider what kind of career you want to pursue. Many students pursue a major that they hope will help them find employment upon graduation. However, if pursuing a field of study that is not closely related to their interests, they may not have the skills needed to advance upon graduation. A business major that is related to an area in which one already works or is interested is a great choice.
The degree itself is not necessary for employment, however. Some people choose to work in the field after completing a degree. Other students choose to work in an executive position within an organization after completing the program. In this case, the degree provides additional knowledge and experience that are necessary for advancement within the company culture.
There are many reasons to choose a business degree, and it is important for students to choose their major carefully to prepare themselves for their next step in life. It may be a bit difficult to decide which major to enroll in, but the time and money can be well worth it in the end. Choosing a major carefully helps prepare a person for a challenging and rewarding career.