Do I Have What It Takes to Major in Finance?
Are you good at saving and investing your money? That's a good foundation for a finance major, but you'll need a myriad of other skills and qualities to excel in this field of study. Take this quiz to explore how many of them you possess:
|Are you interested in business?||Yes or No|
|Do you enjoy managing money?||Yes or No|
|Is math one of your best subjects?||Yes or No|
|Are you good at planning?||Yes or No|
|Do you think you have common sense?||Yes or No|
|Are you technologically savvy?||Yes or No|
|Do you like finding solutions to problems?||Yes or No|
|Do you have strong communication skills?||Yes or No|
|Are you open to completing internships along with coursework?||Yes or No|
|Are you analytical?||Yes or No|
What Do My Answers Mean?
Are you interested in business?
A finance major's required coursework typically includes a variety of business-related subjects, including marketing, management, and business law.
Do you enjoy managing money?
As a finance major, your studies will train you in all aspects of financial planning. Expect to spend a great deal of time focusing on topics such as securities, banking, and investments.
Is math one of your best subjects?
Several math courses are typically required in finance degree programs. These may include calculus, statistics, and analytic geometry.
Are you good at planning?
Given the importance of financial planning skills for finance students, those who pursue this major should be excellent planners who are able to develop effective long-term financial strategies.
Do you think you have common sense?
The field of finance focuses on making practical decisions. As a finance major, you will need to exhibit good judgment and the ability to practically apply the math and business skills you learn.
Are you technologically savvy?
As a finance major, you will need to master the complicated financial software that is used in this field. Expect your degree requirements to include at least one information systems course.
Do you like finding solutions to problems?
Students who excel in finance degree programs think creatively and enjoy solving problems. In both a finance career and in finance coursework, you will be charged with finding the best solutions to the financial dilemmas faced by companies and organizations.
Do you have strong communication skills?
Finance degree programs include several communications courses that train students to translate complex financial information and articulate their reasoning. Requirements may include speech, composition, and business writing classes.
Are you open to completing internships along with coursework?
Many schools emphasize the importance of completing internships alongside academic coursework in finance. Given the competitive nature of this field, internships are critical to landing a job after graduation.
Are you analytical?
Financial planning requires exceptional analytical skills. As a finance major, your coursework will emphasize analyzing things such as risk and return.
How Do I Proceed?
If the answers above describe your interests and skills, you are on the right path in considering finance as your major. You may want to explore schools that offer finance degree programs. You'll find campus-based options offered at many colleges and universities; online programs are also available. If you know what area of finance interests you most (alternative investments, for example), you may want to look at schools that offer specific concentrations for finance majors.