The field of finance is primarily concerned with the acquisition and management of funds by business firms, governments, and individuals. A business seeks financial advice when considering the purchase of new equipment, the expansion of present facilities or raising additional funds. Determining the value of financial and real assets and derivatives is a key activity in finance. The study of finance is designed to provide the student with both the theoretical background and the analytical tools required to make effective decisions.
Financial planners help customers put together a plan for managing their financial resources; investment advisors suggest specific investments. Much of the planning revolves around an income and spending budget, with advice about the types of financial investments suitable for the client. Asset managers and investment advisors recommend specific investments, sometimes to individuals but most often to managers of investment funds such as mutual funds. Investment advice is usually based on research, which can be of many kinds.
Commercial Banking - Commercial banks provide banking services to individuals, small businesses and large organizations.
Investment Banking - Investment banks help companies and governments issue securities, help investors purchase securities, manage financial assets, trade securities, and provide financial advice.
Venture Capital and Private Equity - The private equity sector is broadly defined as investing in a company through a negotiated process. Investments typically involve a transformational, value-added, active management strategy.
Most consulting firms specialize in only one area of expertise or in a particular industry such as: information technology (IT), management, human resources (HR), marketing, process, logistics, litigation, or strategy. Management consultants provides advice to senior and middle corporate managers about the operations or strategic direction of various functions in the company. Technical consultants provide expert assessments in environmental, legal, scientific, and other areas. Most consulting jobs are project-oriented assignments or engagements. Consultants typically perform database analysis, financial modeling, general business analysis, research, and generate reports for the client or project team. In addition, consultants are actively involved in the application and transfer of specific skills and knowledge to the client.
Corporate/private finance involves helping a company raise capital needed for new projects and ongoing operations by compiling and analyzing financial information. The main activities are developing and executing financing programs and interfacing with the rest of the company via reports and presentations.
Careers in insurance involve helping individuals and businesses manage risk to protect themselves from catastrophic losses and to anticipate potential risk problems. Additionally, firms are now looking at risk from a broader prospective known as enterprise risk management which encompasses liability risk, currency risk, interest rate risk, and property risk.
Careers in Real Estate include residential, commercial and property management. Residential real estate brokers bring buyers and sellers of individual properties together, assist them in setting a price, and arrange for appraisals, inspections, and other services. Commercial real estate brokers facilitate both the lease and sale of commercial properties, and frequently also provide ancillary advisory and appraisal services. Property management companies are involved with marketing, financing, and building operations.
Sales and trading involves buying and selling financial instruments such as: stocks, bonds, debts, futures, and options. These instruments are bought and sold in exchanges such as: the New York Stock Exchange, The Chicago Mercantile Exchange (CME) and NASDAQ. Both brokers and traders buy and sell. Traders work for an investment firm and buy/sell/trade large amounts of stocks or bonds using the firm's capital. Brokers sell on behalf of themselves or clients. Additionally, there are careers in trading commodities (such as oil) or future trading. Future traders do not actually buy anything but speculate on the future direction of the price in the commodity they are trading. This field of finance also includes asset managers and investment advisors who recommend specific investments, sometimes to individuals but most often to managers of investment funds such as mutual funds. Investment advice is usually based on research, which can be of many kinds.