Careers in Finance Finance is an exciting field in need of intelligent, skilled
ID: 2732100 • Letter: C
Question
Careers in Finance Finance is an exciting field in need of intelligent, skilled people. The job opportunities range from corporate finance; financial planning; investment banking; insurance; and real estate from individuals, institutions, government, and businesses. Finance managers acquire, spend, and manage money and other financial assets. Use the Internet and / or Strayer Resource Center to research career options within the field of finance. Consider the Bureau of Labor Statistics Website, and the Websites of finance professional associations such as the Association for Financial Professionals (AFP), Society of Financial Service Professionals (SFSP), The National Association for Personal Financial Advisors (NAPFA), and Financial Management Association International (FMA).
Write a two to three (2-3) page paper in which you:
Describe two (2) financial career options that an individual with a finance education might pursue and explain the value that such a position adds to a company.
Explain the essential skills that would make a person successful in each of the described positions.
Recommend one (1) of the career options. Identify the most attractive features of the position.
Format your assignment according to the following formatting requirements:
Typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Include a cover page containing the title of the assignment, the student’s name, the professor’s name, the course title, and the date.
The cover page is not included in the required page length. The specific course learning outcomes associated with this assignment are:
Describe the forms of business organizations and the role of financial managers within an organization. Use technology and information resources to research issues in finance. Write clearly and concisely about finance using proper writing mechanics.
Please provide references.
Explanation / Answer
Finance:Finance is a field that deals with the study of investments.It includes the dynamics of assets and liabilities over time under conditions of different degrees of uncertainity and risk.Finance can also be defined as the science of money management.A key point in finance is the time value of money,which states that purchasing power of one unit of currency can vary overtime.Finance aims to price assets based on their risk level and their expected rate of return.Finance can be broken into three different sub categories:Public finance,Corporate finance and personal finance.
Corporate finance:It deals with sources of funding and the capital structure of corporations and actions that managers take to increase the value of the firm to the shareholders,as well as tools and analysis used to allocate financial resources .Although it is in principle different from managerial finance which studies the financial management of all firms ,rather than corporations alone,the main concepts in the study of corporate finance are applicable to the financial problems of all kinds of firms.corporate finance generally involves balancing risk and profitability,while attempting to maximize an entitys asset s,net incoming cash ed flow and value of its stock.
Public Finance:Public finance describes finance as related to sovereign states and subnational entities and related public entities or agencies.It usually encompasses five or more years.public finance is primarily concerned with
->Identifaction of required expenditure of a public sector entity.
->sorce of that entities revenue.
->The budjeting process
->debt issuance for public work projects.
Central banks,such as federal reserve systems banks in the united states and bank of england in the united kingdom are strong players in public finance,acting as lenders of last resort as well as strong influences on monetary and credit conditions in the economy.
Personal finance:Personal finance is the financial management which an individual or a family unit performs to budget,save and spend monitary resorces overtime,taking into account various financial risk and future life events.
1.When planning personal finances,the individual would cosider the suitability to his or her needs of a range of banking products or investment private equity,and insurance products or participation and monitoring of individual or employer sponsored retirement plans,social security benefits,and income tax management.
Investment banking insurance can both offer job satisfaction and above average graduates salaries if you have the right skills .If you are torn betwwen then there are several differences between them that you shuld consider.
Financial Institutions:A financial institution is an establishment that conducts financial transactions such as investments,loans and deposits .Almost everyone deals with financial institutions on a regular basis.Everything from depositing money to talking out loans and exchanging currencies must be done through financial institutions.Here is an overview of some of the major categories of financial institutions and their rolesin their financial system.
Financial manager in an organization:A financial manager is a person who takes care of all important financial functions of an organization .The person in charge should maintain a far sightedness in order to ensure that the funds are utilized in most efficient manner.His actions directly affect the profitability,growth and goodwill of the firm.Raising of funds,allocation of funds etc.