What is Financial Management?
By pursuing a degree in Financial Management, you will learn to plan, organise, direct, and control of financial activities within a company or other type of institution. It's all about making strategic decisions to maximise an organisation's economic value and ensure its financial stability.
Financial Management Specialisations
- There are several specialisations within Financial Management. The most common are:
- Corporate Finance,
- Investment Management,
- Risk Management.
These specialisations are typically pursued in both undergraduate and postgraduate degree programmes, allowing students to focus on specific aspects of financial decision-making.
What will you learn during a Financial Management programme?
Financial Management is a good degree choice for those interested in the financial aspects of business. You'll learn about financial planning, investment strategies, risk assessment, and more. The skills you can get from Financial Management courses are diverse, including:
- understanding of financial principles and strategies,
- analytical and decision-making skills,
- risk assessment abilities,
- knowledge of investment strategies,
- budgeting and forecasting skills.
Some of the popular courses you'll most likely take during a Financial Management degree are:
- Accounting: Focuses on principles and practices of recording, analysing, and reporting financial transactions.
- Managerial Finance: Covers topics such as financial planning, budgeting, capital budgeting, and investment decision-making within organisations.
- Corporate Finance: Explores financial management in the context of corporations, including topics like capital structure, and dividend policy.
- Financial Analysis: Teaches techniques for evaluating financial statements, analysing financial ratios, and assessing the financial health of companies.
- Risk Management and Insurance: Examines strategies for identifying, measuring, and managing financial risks.
- Financial Econometrics: Introduces statistical and econometric methods applied to financial data for forecasting, risk modelling, and asset pricing.
These skills are not only applicable to finance but also to a wide range of careers, making Financial Management a versatile and valuable degree.
Skills required for a degree in Financial Management
To excel in Financial Management, you'll need a strong interest in finance and a knack for numbers. Good analytical skills and decision-making abilities are also crucial. Financial Management degree requirements often include a background in basic accounting or finance, along with a willingness to delve into complex financial concepts.
What can you do with a Financial Management degree?
The jobs you can get with a Financial Management degree are varied and rewarding. With a Bachelor's degree, you could work as a financial analyst, budget analyst, or investment advisor. A Master's degree opens up opportunities for roles like financial manager, risk manager, or chief financial officer. Here are some popular jobs:
- Financial Manager,
- Risk Manager,
- Chief Financial Officer,
- Financial Analyst,
- Investment Advisor.
A career after the most common specialisation in Financial Management, such as Corporate Finance or Investment Management, can be incredibly rewarding. You'll have the chance to influence financial strategies, ensure financial stability, and contribute to an organisation's success, making a Financial Management degree worth it for many.Read more