Finance Major Overview

The Field

The Finance sector is comprised of establishments primarily engaged in financial transactions, which involve the creation, liquidation, or change in ownership of financial assets. Almost every firm, government agency, and other type of organization employ one or more financial managers. Working in offices often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of-the-art computer systems and information services.

Our finance graduates secure careers ranging from managing finances for startups to working in the biggest, most prestigious financial firms on Wall Street. Students must be Finance and/or Accounting majors to complete the program.

 

Career Paths

Financial managers generally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop and implement the strategies for the long-term goals of their organization. A bachelor’s degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. However, many employers now seek graduates with a master’s degree, preferably in business administration, finance, or economics. These academic programs develop analytical skills and teach financial analysis methods and technology.

The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking. Candidates for financial management positions need many different skills. Interpersonal skills are key because these jobs involve managing people and working as part of a team to solve problems. Financial managers must also have excellent communication skills to explain complex financial data. Because financial managers work extensively with various departments in their firm, a broad understanding of business is also essential.

Financial managers should be creative thinkers and problem-solvers, applying their analytical skills to business. They must have knowledge of international finance as financial operations are increasingly being affected by the global economy. In addition, a good knowledge of regulatory compliance procedures is essential.

Rutgers Business School provides students with the skills and industry connections they need to get jobs in the most prominent financial agencies in New York City and beyond. With easy access to the city from either campus, internships, networking events, and alumni connections on Wall Street are minutes away, and provide valuable experiences for our students.

Sample Occupations

  • Budget Analyst
  • Financial Planner
  • Financial Economist
  • Claim Adjuster/Examiner
  • Actuary
  • Market Research Analyst
  • Securities Broker
  • Underwriter
  • External Auditor

Where Graduates are Working

  • Merrill Lynch
  • J.P. Morgan Chase
  • Northwestern Financial Services
  • John Hancock Financial
  • State Farm Insurance Companies
  • Bank of New York
  • Schering-Plough

 

Compensation

According to the 2012 U.S. Bureau of Labor Occupational Outlook Handbook, bachelor’s degree candidates in finance received offers with a median salary of $76,950.

 

Curriculum and Course Descriptions

This major is managed by the Department of Finance and Economics.