1. JOBTALKS Careers Options in Finance and Accounting Indiana University Kelley School of Business C. Randall Powell, Ph.D Contents used in this presentation are adapted from Career Planning Strategies and used with the permission of the author.

2. ACCOUNTING AND FINANCE Controller Partner Auditor Accountant Financial Analyst Budget Analyst Tax Specialist Credit Manager

3. FINANCE Government Education Business ACCOUNTING

4. Accounting and Finance Tax Preparation Cost Studies Financial Analyst TYPE OF WORK Auditing Credit Analyst Data Processing

5. OPERATING DEPARTMENTS General Accounting Internal Auditing Operating Budgeting Capital Budgeting Computer Systems Investments Credit Treasury Taxes Cost Control Insurance Pricing

6. People in Accounting and Finance have to be conversant with computers

7. FINANCIAL ORGANIZATION Chief Financial Officer Vice President Treasurer Corporate Controller Division Controller Plant/Unit Controller Department Manager Staff

8. Accounting Advancement Accountant Analyst Department Manager Controller/ Treasurer V.P. Finance TYPICAL PROMOTION PATH

9. FINANCIAL JOB REQUIREMENTS Minimum four courses Intermediate accounting Cost and/or financial accounting Two finance courses Sometimes auditing Accounting degree preferred but not always required

10. Personal Qualities Sought Analytical mind Enjoy project work Presentation skills Attention to detail Organized Attitude FINANCE:

11. Financial Management Duties Compile financial records Prepare financial reports Analyze financial data Prepare budgets Conduct audits Invest ST funds Manage people

12. PUBLIC ACCOUNTANT Report financial facts Attest to authenticity Advise clients Independent practitioners working on a fee basis

13. PUBLIC ACCOUNTING Job Qualifications Degree in accounting Top grades Outgoing personality

14. PUBLIC ACCOUNTING Highly Selective Emphasize Grades Outgoing Personality High Pay –Great Training Drawbacks –Travel –Turnover

15. Public Acctg. Job Seekers Interview Early Feedback Small Firms Be Realistic

16. Industrial Accounting: Fortune 500 Firms Highly Selective Top Salaries Training

17. INTERNAL AUDITOR Accounts for funds Conducts project analyses Recommends actions Internal consultant Cuts across all organizational reporting lines

18. BANKING Bank of America Bank One Harris Bank LaSalle Bank National City Corp. Wells Fargo

19. BANKING TYPES OF FINANCIAL INSTITUTIONS Money Center Banks Small Town Banks Regional Banks

20. BANKING Installment Lending Branch Management Trust Commercial Lending International Operations Credit Analysis FUNCTIONS Personal Banking

21. BANKING Qualifications: Degree Depends On Function Preferred Majors: –Finance –Economics –Systems Depends On Size –Management –Real Estate –Marketing

22. Investment Banking Top grades REQUIRED Prefer some experience (internship, workshop) in investment banking Long hours an industry standard Future MBAs strongly encouraged.

23. INSURANCE Aetna Life & Casualty Prudential Insurance Metropolitan Life New York Life College Life Blue Cross All-State

24. INSURANCE Large Industry Builds On Financial Planning Concepts –Risk Sharing –Estate Planning

25. Management Training AdjustersActuarial TYPES OF JOB OPPORTUNITIES SalesInvestment Data Management

26. FINANCE SUMMARY Overview Many Opportunities Further Interest? Explore In More Depth

27. CAREER OPTIONS Components Class Guidelines Evaluating Career Options Financial Options Systems Options Management Options Evaluations

28. If you would like to learn more, Career Planning Strategies textbook will supply additional information on this topic.