Finance Major

Undergraduate Program in New Brunswick

The Field

The Finance sector is comprised of establishments primarily engaged in financial transactions, which involve the creation, liquidation, or change in ownership of financial assets. Almost every firm, government agency, and other type of organization employ one or more financial managers. Working in offices often close to top managers and with departments that develop the financial data those managers need, financial managers typically have direct access to state-of-the-art computer systems and information services.

Our finance graduates secure careers ranging from managing finances for startups to working in the biggest, most prestigious financial firms on Wall Street [read story: Rutgers Road to Wall Street]. Students must be Finance and/or Accounting majors to complete the program.

Key Facts

  • Financial Managers commonly work long hours, often up to 50 or 60 per week
  • Salary levels also can depend on the type of industry and location
  • Financial institutions employ financial managers who oversee various functions, such as lending, trusts, mortgages, and investments, or programs, including sales, operations, or electronic financial services
  • RBS students gain access to Wall Street through industry-connected professors and a dedicated career management team

Career Paths

Financial managers generally oversee the preparation of financial reports, direct investment activities, and implement cash management strategies. Managers also develop and implement the strategies for the long-term goals of their organization. A bachelor’s degree in finance, accounting, economics, or business administration is the minimum academic preparation for financial managers. However, many employers now seek graduates with a master’s degree, preferably in business administration, finance, or economics. These academic programs develop analytical skills and teach financial analysis methods and technology.

The duties of financial managers vary with their specific titles, which include controller, treasurer or finance officer, credit manager, cash manager, risk and insurance manager, and manager of international banking. Candidates for financial management positions need many different skills. Interpersonal skills are key because these jobs involve managing people and working as part of a team to solve problems. Financial managers must also have excellent communication skills to explain complex financial data. Because financial managers work extensively with various departments in their firm, a broad understanding of business is also essential.

Financial managers should be creative thinkers and problem-solvers, applying their analytical skills to business. They must have knowledge of international finance as financial operations are increasingly being affected by the global economy. In addition, a good knowledge of regulatory compliance procedures is essential.

Rutgers Business School provides students with the skills and industry connections they need to get jobs in the most prominent financial agencies in New York City and beyond. With easy access to the city from either campus, internships, networking events, and alumni connections on Wall Street are minutes away, and provide valuable experiences for our students.

Sample Occupations

  • Actuary
  • Budget Analyst
  • Claim Adjuster/Examiner
  • External Auditor
  • Financial Economist
  • Financial Planner
  • Market Research Analyst
  • Securities Broker
  • Underwriter

Where Graduates are Working

  • Bank of New York
  • J.P. Morgan Chase
  • John Hancock Financial
  • Merrill Lynch
  • Northwestern Mutual Financial Services
  • Schering-Plough
  • State Farm Insurance Companies

Compensation

According to the 2012 U.S. Bureau of Labor Occupational Outlook Handbook, bachelor’s degree candidates in finance received offers with a median salary of $76,950.

How to Apply

Curriculum

Finance focuses on all aspects of money management, such as investment, collection, disbursement, borrowing, and fund-raising. These individuals prepare financial reports needed to conduct operations and to satisfy tax and regulatory requirements. Finance graduates also oversee the flow of cash and investments and develop information to assess the present and future financial status of an organization.

School Core Courses

Required (9 credits)

Course Title CR
33:390:400 Corporate Finance 3
33:390:420 Futures and Options 3
33:390:380 Investment Analysis 3

Electives (12 credits)

Course Title CR
33:390:440 Advanced Corporate Finance 3
33:010:472 Analysis of Financial Statements** 3
33:390:410 Asset Pricing and Portfolio Analysis 3
33:390:460 Corporate Risk Management 3
33:390:450 Financial Analysis, Planning & Forecasting 3
33:390:490 Fixed Income 3
33:390:320 Global Capital Markets 3
33:390:375 Global Money Markets & Institutions 3
33:010:325 Intermediate Accounting I* 3
33:390:385 Investment Banking Analysis 3
33:390:465 Pension Fund Investment & Management 3
33:390:435 Real Estate Finance & Mortgage Backed Securities 3
33:390:480 Research In Finance 3
33:390:481 Research In Finance 3
33:390:430 Working Capital Management 3