Business Division

Finance

What is Finance?

Merriam Webster offers that finance is the science or study of the management of economic monetary resources.

or

A branch of economics concerned with resource allocation as well as resource management, acquisition and investment. Simply, finance deals with matters related to money and the markets. www.businessdictionary.com



How can one use an Finance degree?

Every area of business uses the techniques and skills taught in courses on finance. As might be expected from the foregoing definitions, entities like banks, insurance companies, brokerage houses, and governments are especially interested in individuals trained in finance. This is a partial list of occupations that require training in finance from the Bureau of Labor Statistics.

Financial analysts
Financial consultants
Insurance sales agents
Insurance underwriters
Personal financial advisors
Financial controllers
Financial economists
Financial examiners
Financial investigators
Financial managers
Financial planners
Personal financial advisors

 

Many Chief Executive Officers and Chief Operating Officers have Finance backgrounds as well. Check out
http://www.ehow.com/about_5454218_careers-degrees-finance.html


What kind of pay might one expect with a Finance degree?

From information published by the Bureau of Labor statistics: Median annual wages, excluding annual bonuses and stock options, of wage and salary financial managers were $99,330 in May 2008. The middle 50 percent earned between $72,030 and $135,070. Median annual wages in the industries employing the largest numbers of financial managers were:

Securities and commodity contracts intermediation and brokerage $134,940
Management of companies and enterprises $115,520
Insurance carriers $110,750
Local government $78,650
Depository credit intermediation $77,280

Large organizations often pay more than small ones, and salary levels also can depend on the type of industry and location. Many financial managers in both public and private industry receive additional compensation in the form of bonuses which, like salaries, vary substantially by size of firm. Deferred compensation in the form of stock options is common, especially for senior-level executives.


What is required of a Finance Major at Missouri Valley College?

The Major requirements according to the 2011-2012 Missouri Valley College Catalog are:

  • Finance Major requirements: AC 210, AC 220, BA 212, BA 232, BA 282, CS 119, or 3 hours of Computer Science above that level; EC 206, EC 216, MA 185, BA 302, BA 322, BA 324, BA 350, BA 360, BA 372, BA 392, BA 442, EC 355, EC 450 and 3 hour AC, BA or EC upper division elective. (Total 60 hours).


Who could one speak to for more information about Finance at Missouri Valley College?

Milena Simic
Assistant Professor
(660) 831-4129

Melvin Corlija
Assistant Professor
(660) 831-4226

Larry Stockman
Chair Business Division
(660) 831-4141