What Can I Do With A Major In Accounting and Finance?
A career in finance provides diverse opportunities including corporate financial management, investment management, financial institution management and personal financial planning. Within a corporation or financial institution, finance focuses on all aspects of cash management, such as the acquisition of funds, investment of funds, and the disbursement of excess funds. Financial managers are responsible for all decisions impacting the flow of funds within an organization, such as, inventory policy, credit/collection policies and financing policies. Financial managers generate reports evaluating past financial performance and create plans for future operations and performance. Financial plans are used to shape a firm's financial and operating strategies, and as a tool for measuring a firm's success at meeting its goals.
External to the corporation, financial analysis is used by creditors in evaluating the credit-worthiness of borrowers (both corporate and consumer), by pension funds, mutual funds and insurance companies for the purpose of creating investment portfolios. Consultants use finance in advising firms on financial and operating strategies. Finally, a career in finance can involve assisting individuals with personal financial planning, portfolio creation, personal investment and debt management.