COBA

Finance Degrees

According to Webster’s dictionary, “finance” is the science of managing money. In that context, the business discipline of finance is the art and science of managing money in a business or in a family. Modern finance encompasses a number of specialty areas, loosely assembled around the end customer. Corporate finance focuses on business finance, personal finance focuses on individuals, and financial services focuses on the management of financial intermediaries such as banks, insurance companies and brokerage firms.

Corporate finance is the management of money within a business and includes raising funds for the business, deciding on the types of capital (debt or equity) to use when funding operations, measuring the desirability of capital expenditures, working capital management, measuring financial performance, and managing the cash flows into and out of the business. Personal finance is the study of money management for individuals and families over time, including revenue and expense management, investment strategies, insurance planning, retirement planning, and estate management. Financial services firms are intermediaries between the providers of funds and users of funds. The management of financial intermediaries such as banks and insurance companies has become increasingly more complex as financial markets become more global, so a firm grounding in the basics of international finance is also a must in this area.

Why major in Finance?

Finance offers many professional opportunities. Every small business person is, of necessity, a finance practitioner, while every major corporation has a finance division. Job opportunities abound in both the for-profit business arena and the not-for-profit sector.

Financial services firms such as banks and insurance companies employ millions throughout the United States, and millions more are employed abroad. Finance majors frequently find employment in these firms in a variety of different capacities, ranging from loan officers to insurance underwriters to stock brokers.

With the aging of the baby boomer generation in this country, there has been an increase in the demand for finance specialists who can advise individuals on their personal financial planning needs. Individuals seeking a career in the financial planning industry learn a variety of specialties, including financial markets and investments, portfolio management, real estate, insurance, and tax strategies.

What is the course of study for a Finance major?

The major in finance has been designed to provide the student with a variety of concepts and techniques that can be applied in all financial situations, as well as specialized study in particular fields.

Our program offers courses in various fields within the finance discipline, including real estate, insurance, banking and regional financial planning.

In addition, we offer coursework in the traditional areas of investment, financial institutions, and international finance. The broad array of courses allow each student to design a program of study that suits his or her career plans.

Last updated: 8/12/2015

Department of Finance & Economics • PO Box 8152 • (912) 478-5216 • financeandecon@georgiasouthern.edu