The success of every business is often determined by how well the organization's money is managed. Financial managers interpret financial data and create reports that allow corporate leaders to see how a business is doing financially. They also make decisions about where money is invested, and where large portions of cash are spent.
In the banking industry, financial managers may oversee specific areas, such as mortgages, lending, investments and trusts. They may also run programs such as electronic financial services. Branch managers are responsible for administering all functions within a bank's branch, including approving credit and loan applications, soliciting business, hiring and training personnel and resolving problems for banking customers.
Students preparing to go into financial management spend most of their time learning mathematics, accounting principles, financial analysis, regulations and laws related to finance, principles of business, economics (national and international) and other subjects that develop critical thinking skills. They also learn financial software programs by spending time in computer labs.
Because financial managers often work in accounting departments, they are usually required to be certified public accountants (CPAs). Additional certifications through organizations such as the CFA Institute, the Association for Financial Professionals and the Institute of Management Accountants can demonstrate a candidate's competency in specialty areas.
Banking, Financial Services, Treasurer, Corporate Finance positions
The following business foundational courses are to be completed with at least a 2.0 GPA before proceeding to disciplinary core requirements.
• EC 1603 Macroeconomics (3 cr.)
• EC 1613 Microeconomics (3 cr.)
• BU 1623 Computer Applications (3 cr.)
• BU 2113 Financial Accounting (3 cr.)
• BU 2123 Managerial Accounting (3 cr.)
• MA 3013 Statistics for Business (or equivalent statistics course) (3 cr.)
• BU 3041 Applied Business Statistics Lab (1 cr.)
• SO 3213 Fundamentals of Leadership (3 cr.)
The following required business disciplinary core courses are to be taken only after successful completion of the above foundational courses.
• BU 3023 Principles of Management (3 cr.)
• BU 3033 Principles of Marketing (3 cr.)
• BU 3043 Principles of Finance (3 cr.)
• BU 3053 Principles of Business Law (3 cr.)
• BU 4963 Strategic Management (3 cr.)
• BU 4993 Senior Seminar (3 cr.)
The following required courses are in addition to the common core curriculum, business foundational courses and business disciplinary core requirements. Also, student must have earned at least a “C” in Financial Accounting and Managerial Accounting.
• EC 3143 Money and Banking (3 cr.)
• BU 3183 Investments (3 cr.)
• BU 4123 International Business (3 cr.)
• Finance Electives (9 cr.)
At St. Gregory’s, you’ll have the opportunity to test your skills and abilities outside of the classroom by creating and executing Enactus projects. Enactus is a non-profit organization that empowers students to empower others by finding free enterprise solutions to today’s problems.
In addition, all SGU business majors are required to compete in the Governor’s Cup Business Plan competition, which requires the completion and approval of a workable business plan for a specific company. Students are given two chances to compete in the Governor’s Cup. Juniors have the opportunity to join the senior teams to build a plan and compete. Then, all seniors are required to create a new business solution to fill a market need.
The SGU business department faculty is dedicated to ensuring you are equipped with the character, knowledge and skills needed to compete in life and work.
We provide a customized education of the whole person. The faculty serves the student by assessing individual needs and creating an environment that is conducive for growth throughout your educational journey.
Bottom line, degrees, such as Finance, that are based in the business department offer the practical skills employers in all types of businesses seek on a daily basis.