Career Guide to JMU Majors: Finance
Learn more about this major by watching the JMU Finance promotional video .
Admission and Progression Standards:
Visit the Major Snapshots site to learn more about the admission and progression standards of this major.
Description of Major
Finance is offered as a major at JMU through the Department of Finance and Business Law. The Bachelor of Business Administration degree with a major in Finance offers a strong foundation in the principles of valuation, financial statement analysis, and the concepts behind sound financial decision-making. The finance major is designed to prepare students for careers in the financial management of industrial and commercial enterprises; financial institutions; investment analysis and portfolio management; finance positions in federal, state and local governments; and graduate study. The required major courses provide all finance majors with an emphasis in financial management, investments, markets, and analytical skills. Electives permit the student to specialize in areas such as international finance, portfolio management, risk management, financial analysis, and real estate.
Students must successfully complete lower‑level business requirements and apply for admission in to the College of Business in order to pursue the Finance major. Students interested in pursuing a business major are encouraged to begin taking lower‑division business courses as early as possible.
Tell me more about this field of study
The study of finance prepares students for a variety of career opportunities. Financial management studies individual, corporate, or governmental financial planning, asset and liability management, and corporate budgeting. Students interested in investment management learn analysis of financial investments and the economic interaction between the financial institutions and the financial markets in which they operate. Some students interested in the international aspect of finance study asset and liability management, capital budgeting, fund-raising, and exchange transactions for multinational corporations. They also study international financial markets, financial institutions, and risks involved in foreign transactions. Students study asset and liability management of institutions, with special consideration given to the legal and regulatory environment to prepare for careers in depository institutions and regulatory agencies.
Tell me more about specialization
Finance involves the study of how money is stored, protected, received, distributed, and generally managed. It is a broad area that tends to overlap into a number of specialized fields such as financial planning, real estate, and insurance. Areas of specialization are: financial risk management and financial analysis.
Common majors or minors that complement this major
Finance majors will often combine their study with Accounting, Economics, and Computer Information Systems.
Successful students in finance have a strong aptitude for solving problems, and analyzing, comparing, and interpreting financial and economic data. Strong written and oral communications skills are also important. Knowledge of and familiarity with spreadsheet and other database management tools is essential. Internships and / or other experiential learning are strongly encouraged.
Many graduates choose typical career paths associated with this major. However, some graduates choose unrelated careers that use skills and experiences developed during their years in college. For example, many students major in finance as preparation for law school and for further study in finance.
Keep in mind, that some fields will require certification, graduate study, or further training. Possible career paths include the following:
Who employs graduates?
Employers of finance professionals encompass many sectors of the economy, including manufacturers, financial service firms, and government employers. Examples include:
Many finance professionals earn professional designations or certifications during their careers. For example, finance professionals in the field of investment management and analysis are likely to pursue the Chartered Financial Analyst (CFA) designation. As another example, finance professionals who manage risks for business entities will often pursue the Financial Risk Manager designation. These professional designations often require additional self-study or formal coursework beyond the undergraduate studies typical for students majoring in finance.
Students can gain Internship and practicum experiences to help prepare them for careers in finance. Students should consult with the department’s internship faculty coordinator.
Students may also consider involvement in one of the 23 student organizations in the College of Business, such as the Financial Management Association or the Madison Investment Fund. Involvement in these organizations offers professional activities such as speakers, visits to companies, and workshops, all of which assist students in enhancing their leadership, communication and personal relationship skills.
What are JMU graduates doing with this major?
Personal Financial Advisors
Securities, Commodities and Financial Services Sales Agents
VAULT: Log in, Click on Guides and search for over 700 professions and 100 industries.
A broad range of resources on career fields, internships, and job search information is also available in the Career & Academic Planning Resource Center .
Make an appointment with a CAP career counselor to learn more about this major and your career options.
A few titles from our Resource Center related to this field include:
© Career & Academic Planning, James Madison University, 2013
All rights reserved. No part of this publication may be reproduced in any form without permission from JMU Career & Academic Planning . Content for each major has been written/reviewed by faculty in the respective department and is revised each year. Requests to update content can be submitted to the Career Guide editor, Nina Stensby-Hurst .