Opportunities in Finance
Please visit the Office of Career Services for much more information on career opportunities, job search, and resume enhancement
A career in Finance offers many rewards: the opportunity to achieve financial success, a challenging and interesting business environment, and the satisfaction of a meaningful role in a dynamic field. Finance encompasses a broad spectrum of positions, including real estate, corporate financial management, investments, banking, insurance, and personal financial planning. The demand for well-qualified persons is growing, and the job outlook is strong .
From Main Street to Wall Street, the finance function is central to the purpose of the organization and its goals. Corporate financial management encompasses several important functions, such as treasury, capital budgeting, acquisitions and mergers, and long-term financing. Security analysis and portfolio management are key factors in today's complex investment environment. Personal financial planning is a rapidly expanding field.
Successful financial managers are analytical, creative, goal-oriented, and adaptable. Good communication skills are necessary, as well as a solid grounding in economics, accounting, and computer applications. The Finance Department at MSU Denver assists its students in developing these skills to the level required in the ever-changing economy, both domestically and internationally.
From the Bureau of Labor Statistics
The median annual wage for financial managers was $117,990 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $63,020, and the highest 10 percent earned more than $187,200.
In May 2015, the median annual wages for financial managers in the top industries in which they worked were as follows:
|Professional, scientific, and technical services||$140,160|
|Management of companies and enterprises||136,490|
|Finance and insurance||113,040|
Most financial managers work full time, and about 1 in 3 worked more than 40 hours per week in 2014.
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.
The median annual wage for financial analysts was $80,310 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $49,450, and the highest 10 percent earned more than $160,760.
The median annual wage for personal financial advisors was $89,160 in May 2015. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $39,300, and the highest 10 percent earned more than $187,200. Personal financial advisors who work for financial services firms are often paid a salary plus bonus. Bonuses are not included in the wage data listed here. Advisors who work for financial investment or planning firms or who are self-employed typically earn their money by charging a percentage of the clients’ assets under management. They may also earn money by charging hourly fees for their services or through fees on stock and insurance purchases. Advisors generally receive commissions for financial products they sell, in addition to charging a fee. Wages of self-employed workers are not included in the earnings given here.
See also the Bureau of Labor Statistics.
If you think that you may be interested in majoring in finance, please make an appointment with the department chair. You may call (303) 556-3776, or stop by AD 500N. Also, be sure to check the MSU Denver Career Services website for Finance.