Cameron McMillan, Mike Covolus, Cory Marks Presentation Transcript
Cameron McMillan, Mike Covolus, Cory Marks
CMC Financial Agenda
1. What is Finance?
2. Business Problems
3. Making Business Decisions
4. MIS Impacts on Finance
5. Jobs After Graduation
6. Courses Needed
7. Sources Used
What is Finance?
The focus of finance is the process of businesses raise their capital.
It is a field that focuses on financial economies and institutions in the movement of saving and investing.
What is Finance? (continued)
The finance field is used to determine where the company is going in the future, as opposed to accounting which look to the past of the company. People in finance will allocate money for projects and parts of the company.
Being a finance major is a smart career choice. It will put in place to be a leader in what ever business career you chose. You could become a stock broker, or work your way up to CFO in a company. After an undergraduate degree, a finance major should strive for an MBA.
Stock Market and Stock Price- Creates growth p when is up, negatively impacts company when it is down.
Interest Rates- when they are lower, the company can borrow more capital for projects. When interests rates go up it will cost the company more money to pay back the amount they borrowed.
Cost of materials to run the company, Oil Prices
Fighting between departments, reduced with ERP system.
How Finance Makes Business Decisions
Information From Other Departments
How MIS Impacts Finance
Stock exchanges are becoming more and more electronic
Check stocks prices and other business information on TV
People in Finance can use computers to check stock prices and information about companies with charts and graphs to make it easier analyze
Jobs After Graduating With a Degree in Finance
Starting Salary: $61,910
Work for banks, insurance companies, mutual/pension funds, and security firms
Personal Financial Advisors
Starting Salary: $62,700
Work for industries, firms, and they have their own firms
Starting Salary: $81,880
They work at commercial banks, savings/loan associations, credit unions, mortgage and finance companies
Courses Needed For Finance Majors
Financial and Managerial Accounting
Financial Management of the Business Enterprise
Security Analysis and Portfolio Management
Financial Markets and Institutions
Foreign Language Proficiency
Real Estate Financial Management
U.S Department of Labor: Bureau of Labor Statistics: Occupational Outlook Handbook