When you run a company, you want to be able to make money. In order to make money, you need to be able to manage the company's money. The people who know how to manage money and use that knowledge to increase wealth are highly sought after and valued in the corporate world. The Financial Management Bachelor's Degree teaches students, not just basic financial theory and tactics, but specializes in the management aspect of finances. The typical courses a student must take for this degree are listed here: accounting, financial markets, financial principals, business law, business ethics, theories of management, managing investments, and tax law. Please find more information below.
Financial Management Bachelor's Degree Overview
The Financial Management Bachelor's Degree is a very specialized degree that teaches a student the methods and tools used to manage a corporation's finances. However, this degree goes beyond teaching basic accounting and math and delves into what it takes to manage a corporation's finances. By managing the finances, the student can help a corporation take the money they have made, invest it, and then grow those funds. This can then be used by the company to invest in other areas and expand. The Financial Management Bachelor's Degree prepares students to manage people and money and move into a decision-making role within a corporation.
Career Possibilities for a Financial Management Bachelor's Degree
A Financial Management Bachelor's Degree prepares a student to work in a career dealing with corporate money and finances. The careers a student will be prepared to enter are as follows:
* Tax Preparer
* Banker
* Accountant Financial Advisor
* CFO
* Corporate Financial Manager
* Corporate Financial Auditor
One of the resources that predicts the salary expectations for various careers is the U.S. Department of Labor, www.bls.gov. Their reports publish salary expectations on various financial careers. The reports indicate that, once a student with a Financial Management Bachelor's Degree reaches the levels of upper management as a CFO, that graduate can expect a salary over $130,000 per year. Just beneath a CFO in a company are the corporate financial managers. There may be several corporate financial managers at a company, and they earn salaries around $81,800. Still lower on the ladder are accountants who earn around $50,770. Auditors are also in there with earnings about the same as an accountant.
Outlook and Growth for a Financial Management Bachelor's Degree:
There have been recent financial scandals in the business world that have radically changed the way corporations monitor and report their finances. As such, the Financial Management Bachelor's Degree includes instruction on business ethics and business law. This means those who are graduating now with this degree are more in demand than at any time before. Those who have a degree in the financial field are definitely at an advantage over those without degrees because they show a desire to continue their education and stay abreast of changes in business law and regulations governing financing. Those who earn the Financial Management Bachelor's Degree are taking a huge first step towards working their way into a corporate manager position such as a CFO.
Coursework for a Financial Management Bachelor's Degree
A Financial Management Bachelor's Degree combines business law and accounting methods in the classes required. Here is a list of some of the classes required:
* Accounting
* Macroeconomics
* Financial Management Practices
* Investment Management
* Accounting for Managers
* Financial Principles
* Business Ethics
* Business Law
* Theories of Management
* Tax Law
* Finances for Global Operations
* Financial Planning
* Taxation
Skills for a Financial Management Bachelor's Degree
A Financial Management Bachelor's Degree leaves a student armed with skills in financing and management valued by corporations of all sizes. Here is a list of the skills sought after by the corporate world:
* Taxation Skills
* Business Law Skills
* Business Ethics Skills
* Financial Planning and Management Skills
* Employee Relations Skills
* Financial Theory Skills
* General and Advanced Business Accounting Skills
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