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What can a finance major expect to do as far as work goes?

I am considering finance, but all i have done in school is do problems. A lot of it is very difficult. Do finance majors use everything they learned in their jobs? What exactly do they do? How would a finance degree help me after law school?

I’ve taught finance, have degrees in Econ and Finance, and have worked in financial services. So I’ve seen it from literally all sides of the fence.

Finance is a very broad field, just like many others. Here are just a few of the many jobs out there:

1) Financial Advisors who sell finance products–stocks, bonds, insurance, etc

2) Personal Bankers who open and close accounts–savings, checking, loan, cds, etc

3) Financial Analysts who evaluate investment opportunities, mergers, and projects

4) Investment Bankers who are involved in the issuance of stock, mergers and acquisitions (M&A), etc

Yes, we do use what we’ve learned in school. The only issue is to what degree. In other words, a personal banker doesn’t do the heavy-duty number crunching that an investment banker and financial analyst would. But they both have to have a knowledge of financial principles, concepts, and terminology.

For instance, a Stockbroker–often called Financial Advisor or Consultant–may or may not do his or her own research. He or she may simply rely upon the firm’s recommendations and use that. In other words, the firm already did the research and crunched the numbers, so why should I? Others will do their own number crunching for the opportunities the firm doesn’t focus on or investigate.

How would a law and finance degree help? Well you could investigate the financial possibilities and handle the legalities involved with it too. Someone without the legal background may only be able to handle the financial side of things. But when it comes to the legalities, he or she could be clueless. And rely upon the lawyers to take it the next step.

Bottom-line, fiance is no different than any other field. Some people use more of their training than others. But we all use part of it in some capacity.

In Jakarta, Financial Help comes via Islam


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