What is Finance and what is the benefit of choosing Finance as major Essay

What is Finance and what is the benefit of choosing Finance as major - Essay Example ognizant of the fact that with a working or professional knowledge in finance, I could not only manage my personal finances effectively but i could also use the skills in any other field that I decided to enter later in life. Finance involves the administration of financial affairs, as well as the overall control of fiscal institutions and investments; they also handle risk management as well as sourcing for funding and funds for capital markets. They also select and evaluate investment projects which require coordination of funds, and making cost benefit analysis for the parties supplying and investing capital. An understanding of financial concepts and practices along with knowledge of the instruments and participants in the financial markets is vital to sound financial decision making (Shang and Peter 280). As finance major, I am involved in the study of financial institutions and the analysis of the management practices of commercial banks, loans, credit and saving association insurance firms, pension funds, and any other institution that plays a direct role in the financial sector. In the modern financial market place, there is a great deal of competition and this requires numerous financial strateg ies and which means that my skills can be used in a variety of settings. One of the fields in which my course qualifies me to work is investment, it involves the analysis and selection of various securities emphasizing on stocks and bonds. As a finance graduate, I will be expected to analyze the roles of these instruments and how they affect differing financial institutions’ portfolios. This takes to account the fact that financial markets are representative of the market environment sin which financial institutions and investors will create financial assets or liabilities, in one learns to examine and analyze the nature of these instruments as well as the various market innovations and structural changes. When one majors in finance, they needs must have