Why Study Finance? (2024)

Flexible Options

Students interested in finance can major in business administration and choose from the following concentrations and tracks: corporate finance, financial planning, and investments. Each program is designed to prepare students for certain career paths while providing an excellent foundation in business and financial modeling.

Careers

Our programs offer in-depth courses that focus on both investments and corporate finance topics with an emphasis on developing and applying financial modeling skills. These abilities and knowledge in the finance realm can be applied to a variety of business functions, preparing students for positions such as analysts, financial planners, bankers, loan officers and more. Below are just a few examples of common job titles for graduates of each program.

Careers in Corporate Finance

  • business analyst
  • credit analyst
  • lender

Careers in financial planning

  • personal financial planner
  • investments adviser
  • wealth management specialist

Careers in Investments

  • research analyst
  • client relationship management

Get more information about careers in business administration at the Career Center.

Advantages

The corporate finance concentration has been accepted into the CFAInstitute University Recognition Program. This status is granted to institutions whose degree program(s) incorporate at least 70 percent of the CFA Program® Candidate Body of Knowledge—providing students a solid foundation that positions them well to sit for the exam to earn the Chartered Financial Analyst® (CFA) designation.

Another part of the program enables students to complete the Bloomberg Essentials Certification for Equities, which certifies their skills with Bloomberg terminal technology, the world leader in financial and data services, and gives them a competitive advantage.

Our business administration program is accredited by AACSB International—the highest distinction a business school can receive worldwide. This accreditation is held by less than five percent of business schools worldwide. It demonstrates that our program meets rigorous standards for quality and is dedicated to continuous improvement.

Students benefit from

  • access to industry-standard technologies in the T. Rowe Price Finance Lab
  • Bloomberg Essentials Certification for Equities
  • Microsoft Office Specialist certification
  • professional internships in the finance field
  • opportunities to compete in local and regional finance case competitions
  • opportunity to help manage a $150,000 portfolio for the Towson University Foundation as a member of the TU Investment Group
Why Study Finance? (2024)

FAQs

Why do I want to study finance? ›

Degrees in finance are widely applicable

This makes your skillset adaptable and valuable in a wide range of professional settings. Whether you are interested in banking, insurance, investment or starting your own business, a finance degree can provide you with a solid foundation for success.

What is a good answer to why finance? ›

Sample Answer #1:

I'm eager to apply my knowledge in a practical setting and contribute to the growth of businesses. I find finance fascinating because it allows me to make informed decisions based on data analysis and strategic thinking.

Why did I choose finance as my major? ›

It equips you with the knowledge of financial management, investment strategies, and risk assessment, which are crucial skills in today's business world. Additionally, finance majors typically earn higher salaries and have a promising job outlook.

Why do you want to study finance personal statement? ›

Therefore, studying finance at university would enable me to understand global events and prepare me to assume a leadership position in major financial organizations, which is my primary professional objective.

What does finance teach you? ›

A finance degree offers students a thorough understanding of banking, trading, and economics. Finance is the study, acquisition, and management of money and investments. The field includes banking, credit, debt, and capital markets activities, which are all driven by economic principles and practices.

Is it worth studying finance? ›

Students who enjoy numbers, money management, and data analysis may be well-served by pursuing a degree in finance. An accredited finance degree program can help them qualify for one of these positions. Overall, a finance degree is worth it for many aspiring professionals.

Why finance in simple words? ›

What Is Finance? Finance is a term for matters regarding the management, creation, and study of money and investments. It involves the use of credit and debt, securities, and investment to finance current projects using future income flows.

Why are you interested in accounting and finance? ›

"I've always been captivated by numbers and the precision that surrounds them. Accounting allows me to work in a realm where every detail matters, and I find that incredibly fulfilling. As an accountant, I can organize complex financial data and aid companies in making well-informed decisions."

How to answer tell me about yourself in a finance interview? ›

"I'm a finance professional with over ten years of experience in investment banking. In my current role, I oversee a team of analysts and have successfully completed numerous high-value transactions. I'm excited to bring my expertise to a new company and help drive success.

Is finance a good major for the future? ›

Finance degrees are in much demand worldwide, with many different career path options and great monetary benefits. The Bureau of Labor Statistics forecasts finance-related jobs to grow 7% from 2021 to 2031, with an expected increase of about 715,100 new jobs and about 980,200 openings from growth and replacement needs.

Is finance an easy major? ›

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

How do you write a good personal statement for finance? ›

I have always had a logical, organised and practical way of thinking, as well as a competitive nature, and I have realised that finance and accounting is the degree, which appeals to these characteristics. I noticed these logical subjects to be my forte from a young age.

What do you write in a personal statement for finance? ›

My background in accounting has provided me with an excellent basis from which to start my advanced studies in Finance. My strong numerical skills have led me to successfully complete a course in accounting, which has enabled me to find work in management accounting and reporting roles in financial firms.

Why is personal finance interesting? ›

Understanding your personal finances helps you to manage your money so you can live the lifestyle you want, now and for years to come. With proper planning, you can maximize your income for goals like saving for retirement, buying a home, or saving for your child's college education.

How to answer why banking? ›

"I am interested in banking because it's a good match for my hard-working and highly ambitious nature. I have always enjoyed pushing myself and being part of an environment that celebrates hard work. Being surrounded by intelligent, driven peers also inspires me to do my best work.

Why do you want to join our company? ›

"I'm drawn to this job because of the opportunity for growth and advancement. I'm eager to learn new skills and take on new challenges, and I see this role as a perfect fit for my career goals." "I'm excited about the company's mission and values, and I believe in the work that you do.

Why do you want this job sample answer? ›

"I am excited about this job because it allows me to be part of a company culture that values teamwork, collaboration, and open communication. During my research about [company name], I was impressed by the positive work environment and the emphasis on fostering creativity and diversity of thought.

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