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Slide 1: -1About my major. F Finance inance provides students with solid theoretical and practical knowledge of domestic and international finance in the areas of corporate finance, financial derivatives, Investments, portfolio management, financial markets, and Institutions. Graduates from the finance program are prepared to enter positions in corporations, financial institutions, brokerage houses, investment banks, and the government as corporate finance officers, bank officers, and investment and credit analysts. Graduates from the program are also well-prepared for postgraduate studies in all areas of business. The field of finance encompasses three exciting, ever-changing. 1) Managerial finance professionals are responsible for raising capital, without which no firm can survive, and allocating it to assets in a profitable manner. 2) Investment professionals design securities used by firms to raise capital and aid in selling these securities to the investing public. They also analyze securities from the investor's point of view and help investors build portfolios. 3) Banking professionals bring together suppliers and users of funds. They provide many critical business services including credit analyses and loans, checking accounts, wire transfers, and credit card processing. The finance major at NAU prepares graduates to fill these and other positions. It provides the analytical, technical, and communication skills needed by today's finance professionals. Recent graduates have been successfully placed in positions as financial analysts, credit managers, stockbrokers, financial planners, and branch managers. Our program highlights include: Hands-on consulting opportunities with local businesses, Internship opportunities with local businesses, Selected students have the opportunity to manage a portfolio of stocks and bonds for the NAU foundation, Extensive exposure to computer technology, including spreadsheet modeling and data acquisition, A thorough exposure to the theory underlying financial decision making and analysis, and how it is applied in actual settings, Opportunities to develop oral and written communication skills, enhanced by small class sizes and an approachable faculty i. ii. iii. iv. v. vi.
Slide 2: -2Associated Careers Those who progress along corporate financial-analyst tracks can expect to eventually find different jobs in the financial community, perhaps as investment bankers, investment advisors, or financial consultants. Those who enjoy the more interpersonal side of finance move into management consultant positions, where they can use their people skills as well as their financial skills. Over 45 percent head to business school within five years and another ten percent go to law school. A few become in-house financial advisors or officers in the industries they covered as financial analysts. Past and Future (Major Associations) The obligations of today's financial analyst were covered by more experienced individuals as late as the 1970s, but with rapid deregulation of ownership in industries in the early 1980s and the rapid growth of the financial sector during those same years, the need arose for a structured and continuing stream of intensively trained professionals familiar with the financial industry. Larger firms, which consolidated their programs in the early 1990s, are cautiously beginning to expand them again, finding opportunities in such new and developing industries as software development, biotechnology, and aerospace technologies. Quality of Life Two Years Out: Long hours, low base pay, and a fair amount of responsibility characterize the early years. Analysts travel, pore through documents, meet with clients (on a highly supervised basis) and prepare valuation analyses. They work together on teams that are rotated quickly when needed. Lack of control over hours and personal life are common in the first two years. The burnout rate is surprisingly low in the beginning--around eight percent--because most that enter the industry have few illusions about the demands the job will place on them. Five Years Out: At the five-year mark, those who remain have achieved the rank of "associate" or "senior financial analyst." Responsibilities shift from producing to pitching, and client contact increases. Many study for professional degrees during these years. Over 70 percent of those who began in the field have changed firms, returned to school, or changed jobs within the industry. While loyalty is tangible between analysts, the same sense of fidelity doesn't seem to apply to the companies that employ them. Salaries remain relatively stable but bonuses, which once were merely large, can become astronomical; hours, for those who are successful, can actually increase. Ten Years Out: Successful financial analysts have moved on to vice-presidential positions in the investment banking, financial analysis, or valuation departments of the company. While bonuses still account for the bulk of income, salaries are significant as well. Hours can decrease but responsibility increases and pressure develops to solicit new business. Responsibilities also include personnel decisions and hiring.
Slide 3: -3Career Profile of people in profession % male % female average hours per week average starting salary average salary after 5 years average salary after 10 to 15 years 700,000 75 25 55 $ 22,500 $ 40,000 $ 190,000 So I think I can do better in the Finance field so I choose this subject as my major. Home > My Major