Presentation is loading. Please wait.

Presentation is loading. Please wait.

Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance.

Similar presentations


Presentation on theme: "Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance."— Presentation transcript:

1 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance Fisher College of Business Undergraduate Specialization

2 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Overview What is Finance? Preparation Finance at Fisher Finance Job Titles and Companies Finance Internships Professional Certifications Graduate School and Professional Options Finance Salaries and Outlook Student and Professional Organizations Study Abroad Finance Department Contact Information

3 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career What is Finance? Finance is the study of how to allocate scarce resources over time, so as to satisfy people’s ‘consumption preferences’ Finance careers can be organized in three broad categories: 1. Banking 2. Insurance 3. Securities and Commodities

4 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career More On Finance… In addition to receiving broad training in general business management, students specializing in Finance are especially prepared for the increasingly important area of financial management in all types of business including financial institutions The financial officer has responsibility in such activities as funds and cost analysis, investments, the formulating of credit, and other financial operating policies

5 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Five Reasons to Study Finance 1.To manage your personal resources 2.To deal with the world of Business 3.To pursue interesting and rewarding career opportunities 4.To make informed public choices as a citizen 5.To expand your mind

6 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Other Finance-Related Specializations Offered Real Estate & Urban Analysis Opportunities for employment include commercial banks, savings and loan companies, insurance companies, mortgage bankers, and private appraisal and consulting firms. Real estate building and subdividing organizations, property management firms, and brokerage offices also offer employment. Many graduates eventually organize their own business in one of these fields. Risk Management & Insurance Specific career opportunities within the insurance industry include underwriters, claims administrators, information systems experts, investment managers, brokers, and sales agents. Outside the insurance industry, knowledge from the fields of Risk Management and Insurance is needed by Employee Benefit Managers, Financial Planners, Consultants, and Risk Managers.

7 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career A good high school background recommended in: Mathematics Oral/written communication Computer experience A bachelor’s degree is considered essential for entry into the field of finance in positions of promise Moreover, college graduates can usually expect additional training by the employer to familiarize them with the firm’s operating policies Those entering the field of finance should have a deep interest in understanding financial structures and financial analysis, and patience with detail In addition, many positions in this field require an ability for working with people, both subordinates and customers, in discharging the responsibilities of banking and other financial institutions General Preparation

8 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance at Fisher Undergraduate Ranking 13th Nationally - U.S. News and World Report (2009)

9 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Competitive Admissions Information concerning application to the Finance specialization is also available on the web under: Admission to Specialization Admission to the Finance Specialization largely depends on space availability

10 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance Curriculum Specific information about the Finance Specialization can be found on the Fisher website under: Current Students Undergraduates Academics Courses and SpecializationsCourses and Specializations There you will find a complete list of GEC, core, and specialization requirements as a downloadable pdf

11 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Honors Options Business Administration Honors Cohort Program Honors Contract Program More information go to fisher.osu.edu/honors/ fisher.osu.edu/honors/

12 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance Careers Specific career opportunities include financial management in manufacturing and distributing firms, commercial bank management, savings and loan management, stock brokerage, insurance, security analysis, and trust management This specialization serves as an excellent foundation for graduate study in business and for the study of law. In addition to career opportunities, the finance curriculum is designed to aid the student in the proper handling of his own financial and investment problems Students may find career opportunities in financial management in manufacturing and distributing firms, commercial banks, savings and loan associations, stock brokerage firms, investment banks, and insurance and trust companies

13 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Banking Careers Focus on providing loans, credit, and payment services to both individual and large institutional customers

14 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Banking Job Titles Loan Officers, Financial Managers, and Trust Officers usually have at least a college degree if not a professional or graduate degree Bank Tellers and Clerks are not required to have a college degree but need special training

15 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Banking Training Most banks have internal training programs on procedures & regulations Tellers and Clerks often attend specialized training on banking regulations through 3 organizations: 1. The American Institute of Banking 2. American Bankers Association 3. The Institute of Financial Education

16 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career The Outlook for Banking 15% employment growth, the same as the overall economy (15%) Banks have become more automated and rely more on ATMs and Internet Banking – directly effecting customer service positions Areas of growth – customer call centers, trust officers to assist an aging population

17 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Insurance Careers Risk Managers - develop policies the insurance company follows when making decisions regarding claims Sales Managers - sell insurance products, assist clients with policy questions, supervise sales staff Underwriters - review applications for insurance and the level of risk involved in agreeing to issue a policy and what premiums should be paid

18 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Insurance Training Most positions require a bachelors degree Actuaries must pass a series of exams over a period of 5 to 10 years to become fully qualified Special training is provided by the insurance company People are typically promoted from within the organization

19 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career The Outlook for Insurance Careers Overall slow growth due to downsizing of large companies, computerization, and a trend of more direct mail and telephone sales campaigns Bright spot – financial services and products sales

20 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Securities Careers Brokerage Clerks – daily operations and processing of paperwork related to tracking performance of investments Financial Services Sales (Broker) – buy and sell investments, spend a lot of their time marketing their services in order to establish a client base Financial Planners – advise clients on investments, investing for retirement, tax planning, and employee benefits; also buy and sell stock, mutual funds, bonds, annuities

21 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Securities Careers Investment Banker – make recommendations about potential profits from investments in specific companies by reviewing financial records and evaluating market trends; also determine market value for stocks Portfolio Manager – manage investments for mutual funds, pension funds, trust funds, and investments for individuals with large amounts of money

22 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Securities Training Overall, workers are well educated and highly trained A Series 7 license is required to sell securities The National Assoc. of Securities Dealers conducts the testing and licensing Financial Planners earn a Certified Financial Planning (CFP) designation Most higher level positions (investment banking) required MBA degrees most often from the best business schools

23 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career The Outlook for Securities Growth projection of 40% Growth fueled by: More people investing in the stock market More people seeking investment advice More knowledgeable analysts focused on the complex global market

24 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Specific Types of Finance Jobs Financial Management in manufacturing and distribution firms Commercial Bank Management Savings and Loan Management Investment Banking Sales & Trading Stock Brokerage Insurance Security Analysis Trust Management

25 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance Hiring Companies Abbott Laboratories American Express American Enterprise Institute Cardinal Health Ernst and Young Frito – Lay General Electric Hallmark cards Hewlett - Packard Intel J.P.Morgan &Co John Wiley & Sons Kraft Foods Inc. Lucas Digital Merrill Lynch Microsoft Nationwide Procter & Gamble

26 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Financial Certifications Certified Cash Manager (CCM) Certified in Financial Management (CFM) Chartered Financial Analyst Designation (CFA) Certified Financial Planner (CFP)

27 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Graduate and Professional School Options Master of Business Administration with a Major in Finance Master of Arts in Finance Doctorate of Philosophy

28 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance Salaries Fisher College of Business Average Salaries (2007-2008) Full-time$48,160 Intern$2,626/month NACE Salary Survey (Spring 2009) Full-time$49,754

29 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career General Finance Outlook The employment outlook in this field is good, although banking has been effected by recent economic events Increasing competition has forced firms to rely increasingly on efficiency in financial matters to insure an adequate profit

30 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Student Organizations Undergraduate Finance Association (UFA) https://groups.cob.ohio-state.edu/ufa/ Buckeye Capital Investors http://student.cob.ohio- state.edu/bci/index.htm http://student.cob.ohio- state.edu/bci/index.htm

31 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career What Does the Undergraduate Finance Association Do? Helps students in learning about job opportunities in the field of finance Students can meet professionals in a casual and relaxed environment Provide the opportunity to post resumes Get the recruiters and other speakers talk to the students at various occasions

32 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Professional Organizations American Finance Association http://www.afajof.org/ Association of Finance & Insurance Professionals www.afip.com Financial Management Association www.fma.org

33 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Study Abroad & Exchange Contacts Fisher International Programs Office http://fisher.osu.edu/international/ Office of International Affairs (OIA) http://oia.osu.edu/ OIA has many other opportunities for business and non-business opportunities to supplement the Fisher curriculum

34 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Study Abroad & Exchange Programs Copenhagen Business School, Denmark Technische Universitat Dresden, Germany Nantes Summer School, France Trinity College, Dublin, Ireland Quinn School of Business, Dublin, Ireland London School of Economics, England Instituto Technologico y de Estudios Superiores de Monterrey, Mexico Hong Kong University of Science and Technology Singapore Management University Curtin School of Business, Perth, Australia

35 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Max M. Fisher College of Business Academic Department: Finance Ohio State University 700 Fisher Hall 2100 Neil Ave Columbus, OH 43210-1144 (614) 292-5026 http://fisher.osu.edu/fin/finance.html

36 Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career fisher.osu.edu Fisher logo http://fisher.osu.edu


Download ppt "Fisher College of Business The Ohio State University Office of Career Management 150 Gerlach Hall 2108 Neil Avenue 614-292-6024 fisher.osu.edu/career Finance."

Similar presentations


Ads by Google