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Business Administration: Finance

Definition

Business administration, with an emphasis in finance, involves the study of how money is stored, protected, received, distributed and generally managed. Study in this area focuses on methods of deposits, withdrawals, checking and savings accounts, loans, interest, credit, investments, budgets and financing, and security.

Job Titles to Consider

 

Accountant
Actuary
Appraiser
Audit Manager
Bank Economist
Budget Accountant
Business Analyst
Claim Adjuster
Commodities Trader
Consumer Credit / Loan Officer
Credit Analyst
Financial Analyst
Financial Economist
Government Official
Internal Auditor
International Trade Specialist
Inventory Control Specialist
Investment Banker
Loan Administrator
Market Researcher
Payroll Administrator
Property Manager
Purchasing Agent
Real Estate Broker
Securities Broker
Stockbroker
Systems Analyst
Trust Accountant
Underwriter


Can you prove you have the most important skills to hear “You’re Hired”?

Communication Skills
Communication skills involve active listening, presentation as well as excellent writing capabilities. Can you explain technical concepts to partners, customers and coworkers in a way they will understand?

Computer and Technical Literacy
Today, most jobs require basic competency in computer software.

Interpersonal Skills
The ability to work in teams, relate to people and manage conflict is extremely important in the workplace. How have you done this in the past? What is your conflict management style?

Adaptability
Are you able to adapt to changes and manage multiple tasks? In today’s professional world, the ability to learn new technologies and adjust to changing surroundings is important.

Research Skills
Hiring managers seek employees that are skilled at assessing situations, are able to seek multiple perspectives and gather more in-depth information.

Project Management Skills
Organization, planning and effectively implementing projects are all important skills to an employer. Many companies are choosing not to hire project managers, and are expecting all employees to possess the skills necessary to carry out projects.

Problem-Solving Skills
You need the ability to use creativity, reasoning, past experience, and available resources to resolve issues in any field. Solving problems will save your organization time and money.

Strong Work Ethic
Can you take initiative? Are you reliable? Can you do the job right the first time? Managers don’t have the time watch your every move, so this is a skill that is expected from all employees.

Emotional Intelligence
Emotional Intelligence is not a skill that will be listed in a job description. However, it is a highly sought after skill that relates to social skills, social awareness and self-management abilities.

 
Professional Organizations

AACE International
www.aacei.org

American Financial Services Association
www.afsaonline.org/sitepages/1.cfm

American Bankers Association
www.aba.com/default.htm

Financial Management Association International
www.fma.org

 
Additional Sources of Information

Career Guide
Financial Planners and Business Managers
www.saludos.com/cguide/bguide.html#finplanners

Business Job Finder
www.careers-in-business.jobsinthemoney.com

Career Magazine
www.careermag.com

Merck and Co. Career Opportunities in Finance
www.merck.com/careers/finance.html

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