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Financial ManagementFinancial Markets & InstitutionsInvestments Financial management is the study and practice.

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Presentation on theme: "Financial ManagementFinancial Markets & InstitutionsInvestments Financial management is the study and practice."— Presentation transcript:

1 http://courses.dsu.edu/finance/major/whatis.htm Financial ManagementFinancial Markets & InstitutionsInvestments Financial management is the study and practice of making dollar*- denominated decisions within a single firm, i.e., microfinance. Most job opportunities in finance are in financial management; every company needs a financial manager, even a one-person operation. Financial managers are concerned with the acquisition and allocation of financial resources for a company. They spend most of their time managing working capital (short-term assets and liabilities). *Or yen or Euros, etc. This includes money markets (short- term debt) and capital markets (long- term debt and equities). Money markets provide companies and governments with liquidity, and the capital markets provide the same entities with long-term capital. Typical financial institutions are commercial banks, investment banks, thrifts, insurance companies, and credit unions. Employment is usually found in one of three areas: a) sales, b) security analysis and portfolio management, or c) financial planning. Typical firms are stock brokerages, commercial banks, investment companies (mutual funds), and insurance companies. People employed in any one of the three main areas of finance must be familiar with the workings of the other two. All three areas strongly interact. What is Finance?

2 http://www.careers-in-finance.com/ http://www.mymajors.com/salary-careers- jobs/Finance-major http://www.worldwidelearn.com/online- education-guide/business/finance-major.htm

3 The average salary for finance majors rose 3.9 percent to $48,300. Most of their reported salaries are from employers in the banking industry, where their average salary sits at $43,830. Finance majors found their highest average starting salary—$68,770— with securities, commodities, funds, trusts, and other financial investment firms. http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Repor ts/SS_January_exsummary_4web.pdf http://www.jobsearchintelligence.com/NACE/jobseekers/salary- calculator.php#

4 The average salary reported for marketing majors is up 4.1 percent to $51,200. Retail trade and manufacturing employers supplied the greatest number of opportunities, but provided distinctly different salaries. On average, marketing majors landing in the retail trade industry averaged $35,680, while those who got jobs with manufacturers averaged $45,550. Those lucky enough to land with computer systems design companies pulled in the highest average salary in this major—$57,300. http://www.naceweb.org/uploadedFiles/NACEWeb/Research/Salary_Survey/Repor ts/SS_January_exsummary_4web.pdf http://www.jobsearchintelligence.com/NACE/jobseekers/salary- calculator.php#


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