Finance Minor

The Finance minor offers students an introduction to principles of finance and its major areas: financial management, investments, and financial markets. Accounting and Economics majors, in particular, would benefit from the additional exposure to finance.

Penn State Behrend Finance Minor

Related Occupations

Budget Analysis

Budget analysts help organizations plan their finances by developing, reviewing, and managing budgets. They ensure that resources are allocated efficiently and spending stays within limits. They solve issues related to financial forecasting, cost control, and resource prioritization. Work is generally performed in government agencies, corporations, or nonprofit organizations in office environments.

Financial Analysis

Financial analysts evaluate investment opportunities, company performance, and economic trends to support business and financial decisions. They solve problems related to profitability, risk, and market positioning. Their work is highly data-driven and typically performed in corporate finance departments, banks, or investment firms in office environments.

Financial Examination

Financial examiners ensure that financial institutions comply with laws and regulations. They review balance sheets, lending practices, and risk management procedures to protect the financial system and consumers. They address issues of compliance, solvency, and financial misconduct. Most work in government agencies or regulatory bodies in office settings, with some fieldwork at financial institutions.

Insurance Underwriting

Insurance underwriters evaluate the risk of insuring individuals or entities and decide policy terms and pricing. They analyze data, assess applications, and ensure policies are profitable and compliant with regulations. Problems they solve include identifying high-risk applicants and minimizing financial exposure for the insurer. Most work is desk-based in insurance companies or agencies, with heavy use of specialized software.

Market Research Analysis

Professionals in this field gather and interpret data about consumer behavior, market conditions, and product effectiveness. They solve problems related to understanding target audiences, improving marketing strategies, and identifying competitive advantages. Work is primarily office-based and involves statistical tools, surveys, and collaboration with marketing teams.

Personal Financial Advising

Personal financial advisors help individuals manage their money, plan for retirement, invest wisely, and meet financial goals. They solve problems related to budgeting, risk management, tax strategy, and estate planning. Advisors work in offices, either independently or for financial firms, and often meet with clients in-person or virtually.

Purchasing and Procurement

Professionals source goods and services for organizations, negotiating contracts and ensuring cost-effective purchasing. They address challenges like supply chain disruptions, budget constraints, and vendor reliability. Work typically takes place in offices, but can involve supplier site visits and logistics coordination.

Tax Examination and Revenue Collection

Workers in this field review tax filings, audit financial records, and ensure compliance with tax laws. They help resolve discrepancies and enforce legal standards around public revenue collection. The work is largely desk-based with some field investigations or taxpayer interviews.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site is registered on Toolset.com as a development site.