Cameron McMillan, Mike Covolus, Cory Marks

CMC Financial Agenda 1. What is Finance? 2. Business Problems 3. Making Business Decisions 4. MIS Impacts on Finance 5. Jobs After Graduation 6. Courses Needed 7. Sources Used 8. Questions?

What is Finance? The focus of finance is the process of businesses raise their capital. It is a field that focuses on financial economies and institutions in the movement of saving and investing.

What is Finance? (continued) The finance field is used to determine where the company is going in the future, as opposed to accounting which look to the past of the company. People in finance will allocate money for projects and parts of the company. Being a finance major is a smart career choice. It will put in place to be a leader in what ever business career you chose. You could become a stock broker, or work your way up to CFO in a company. After an undergraduate degree, a finance major should strive for an MBA.

Business Problems Stock Market and Stock Price- Creates growth p when is up, negatively impacts company when it is down. Interest Rates- when they are lower, the company can borrow more capital for projects. When interests rates go up it will cost the company more money to pay back the amount they borrowed. Cost of materials to run the company, Oil Prices Fighting between departments, reduced with ERP system.

How Finance Makes Business Decisions Stock Market Stock Price Balance Sheet Income Statement Interest Rates Company Costs Information From Other Departments

How MIS Impacts Finance Stock exchanges are becoming more and more electronic Check stocks prices and other business information on TV People in Finance can use computers to check stock prices and information about companies with charts and graphs to make it easier analyze

Jobs After Graduating With a Degree in Finance Financial Analyst –Starting Salary: $61,910 –Work for banks, insurance companies, mutual/pension funds, and security firms Personal Financial Advisors –Starting Salary: $62,700 –Work for industries, firms, and they have their own firms

…Jobs continued Financial Managers –Starting Salary: $81,880 –They work at commercial banks, savings/loan associations, credit unions, mortgage and finance companies

Courses Needed For Finance Majors Microeconomics Financial and Managerial Accounting Finance Financial Management of the Business Enterprise Security Analysis and Portfolio Management Financial Markets and Institutions Foreign Language Proficiency Real Estate Financial Management Speculative Markets

Sources used U.S Department of Labor: Bureau of Labor Statistics: Occupational Outlook Handbook – Smeal College of Business-Finance – Penn State Business Library –

Questions?