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FINESSE – Finance Club What is Finance Finance
is a branch of economics, a science that studies the management of funds (money and other assets. More specifically, through financial analysis, decisions and actions can betaken regarding the collection and use of those funds towards fulfilling the objectives of an organization or individual. Finance affects every area of business. Financial information is pivotal to the strategic decisions organizations make to improve profitability. Finance generally involves
activities such as investing, borrowing, lending, budgeting, saving, and forecasting intending to guide organizations through short and long-term planning and deal with uncertainty. Understanding finance is critical for making informed decisions at all levels of business and is hence crucial for corporate success.
Careers in Finance The study of finance is relevant to a wide range of occupations. Finance majors typically embark on careers incorporate finance, risk management,
investments, insurance, real estate, banking, or financial planning.
Investment Banker They provide a range of financial
services to companies, institutions and governments. They manage corporate, strategic and financial opportunities. Investment bankers also advise and lead management buyouts,
raise capital, provide strategic advice to clients and identify and secure deals.
Risk Managers Risk managers or analysts specialize in identifying potential causes of accidents or loss, recommending and implementing preventive measure and devising plans to minimize costs
and damage should a loss occur,
3 including the purchase of insurance. They identify exposures, recommend solutions,
promote loss prevention, update and monitor compliance with insurance procedure.