Why study finance? (2024)

Finance is a field within accounting and economics that focuses on the management of money at personal, corporate and public levels. Its main aim is to study the production, distribution and consumption of money, goods, assets and services.

Why study finance?

Degrees in finance are widely applicable

Studying finance doesn’t limit you to a specific industry or sector. It offers a broad range of applications across various industries. This makes your skillset adaptable and valuable in a wide range of professional settings. Whether you are interested in banking, insurance, investment or starting your own business, a finance degree can provide you with a solid foundation for success.

You’ll improve your ability to solve problems

Through thestudy of finance, you will develop critical thinking and analytical abilities, giving you the skills to effectively identify and solve complex financial challenges. These skills are highly transferable and valuable in many other areas of life as well.

A finance degree will make your CV stand out

In today’s competitive job market, it is essential to stand out from the crowd. Having a finance degree demonstrates your expertise in financial management, risk assessment and strategic decision-making. Employers highly value these skills, making a finance degree a strong asset when seeking employment opportunities.

The finance industry continues to evolve

By studying finance, you will stay up to date with the latest industry trends and technological advancements. This ensures that you are well-prepared to navigate the ever-changing landscape of finance and stay competitive in the field.

Finance jobs are well paid and in-demand

In today’s economic landscape, the demand for professionals with financial expertise is high. These positions cover a wide range of roles and industries.

Companies across various industries recognise the importance of effective financial management, making finance professionals indispensable. This gives graduates the opportunity for excellent growth and job security.

Finance is present in everyday life

Understanding financial concepts and principles is essential for professional success and personal financial management. Whether it’s managing your personal budget, making investment decisions, or understanding the financial health of a company, an understanding of finance can greatly benefit you in numerous everyday situations.

Study finance at Royal Holloway, University of London

If you want tolearn about financein the UK, chooseRoyal Holloway, University of London, a top 30 UK university (The Times and Sunday Times Good University Guide 2023). The University offers a range of excellent finance and economics-related degrees that are accredited by CIMA, CPA, CIPFA, ICAEW and AACSB. This means your qualification is recognised in the industry, giving you a competitive edge when applying for jobs.

The University has strong ties with the finance industry, offering networking opportunities, internships, and access to prominent professionals, increasing your chances of securing valuable work experience. Situated in London, one of Europe’s largest financial hubs, there are many exciting work experience and graduate job opportunities for students at Royal Holloway, with students going on to work at a range of accounting firms and companies, from PWC and Deloitte to Accenture and London Premier Hotels.

Royal Holloway firmly establishes itself as one of the top institutions for research excellence. The University's commitment to academic excellence is proven by its position within the top 25% of UK universities rated “world-leading" or "internationally excellent" in the prestigious Research Excellence Framework released in 2021.

As an international student, you can begin your UK education journey at the International Study Centre. Here you will find pathway programmes expertly designed to develop your academic knowledge, subject-specific and English language skills in preparation for a finance degree at Royal Holloway.

Undergraduate

TheInternational Foundation Year in Management and Economicsis an excellent place to begin yourstudy of finance.The programme is designed to help international students transition into UK education and builds important skills such as academic writing and English language development to the level needed for university study. Successful completion of the programme will allow you to progress to the first year of an undergraduate degree in finance at Royal Holloway, University of London.

Postgraduate

If you want to continue your finance education journey in the UK and don’t yet meet the direct entry requirements for masters study, there are two pre-masters options available: thePre-Masters Programme in Economicsand thePre-Masters Programme in Business and Management.

Both programmes have core modules in academic and English language skills and subject-specific modules that allow you to build the knowledge needed to succeed in a postgraduate finance degree.

Upon successful completion of a Pre-Masters Programme at the International Study Centre, you can progress to a postgraduate degree at Royal Holloway, University of London.

Find out theentry requirementsandfeesfor a pathway programme at the Royal Holloway International Study Centre.

FAQs

What do you study in finance?

During a finance degree, you will study various aspects of financial management and analysis. This includes learning about investment principles, financial markets and risk management in order to gain a deep understanding of financial models and strategies for making informed financial decisions.

What are the four areas of finance?

The four main areas of finance are:

  • Corporate finance – financial management and decision-making within corporations, including capital investment, financial planning and risk management
  • Investments – analysing and managing various types of investments such as stocks, bonds and real estate to maximise returns and minimise risks
  • Financial institutions and markets – the function of financial institutions and the structure and operations of financial markets
  • Personal finance – individual financial planning and management, including budgeting, saving, investing and tax strategies.

Are there good career options in finance?

Yes, finance offers a wide range of rewarding career options, such as financial analyst, investment banker and risk manager. Acareer in financecan offer competitive salaries, growth prospects and the opportunity to work with global markets and complex financial tools.

Why study finance? (2024)

FAQs

Why are you interested in studying finance? ›

A finance degree can teach you important topics to potentially enhance your own financial health, such as: Portfolio theory, management and application for business and individual investment decisions. Infrastructure of the modern monetary system. Market forces of supply and demand, consumption and production.

Why did you choose finance degree? ›

A finance degree can open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate to careers in a variety of organizations in the public, private, and nonprofit sectors.

Why do you choose finance? ›

I'm drawn to finance because it provides a comprehensive understanding of an organization's financial health, risk management, and investment decisions. By pursuing a career in finance, I can strengthen my ability to analyze financial data, provide strategic insights, and guide organizations towards sustainable growth.

What is interesting about studying finance? ›

Finance encompasses the management of money at the personal, corporate and public levels. Students learn the big picture of business and can prepare for careers ranging from financial adviser to investment banker.

What does finance teach you? ›

A finance degree offers students a thorough understanding of banking, trading, and economics. Finance is the study, acquisition, and management of money and investments. The field includes banking, credit, debt, and capital markets activities, which are all driven by economic principles and practices.

Is finance a good major for the future? ›

Finance degrees are in much demand worldwide, with many different career path options and great monetary benefits. The Bureau of Labor Statistics forecasts finance-related jobs to grow 7% from 2021 to 2031, with an expected increase of about 715,100 new jobs and about 980,200 openings from growth and replacement needs.

Is a finance degree worth it in 2024? ›

A finance degree can provide a strong foundation for a career in finance or related fields. According to the Bureau of Labor Statistics, jobs in business and finance are expected to grow by 7% over the next decade, and professionals in this field earn a competitive median annual salary.

What is better, economics or finance? ›

A finance degree might be more suitable if you are interested in managing investments, financial planning, or business finance. An economics degree might be more appropriate if you are engaged in economic research, policy analysis, or public service. Ultimately, the decision is yours.

What is the best business degree to get? ›

Most in-demand business majors
  • Finance.
  • Accounting.
  • Business administration/management.
  • Logistics/supply chain.
  • Management information systems.
  • Marketing.
Jan 24, 2024

How to ace a finance interview? ›

Six expert tips for your next finance interview
  1. Get to the point. ...
  2. Know your finances. ...
  3. Make yourself the added value. ...
  4. Talk confidently about the industry. ...
  5. Engage with the interviewer. ...
  6. Keep learning.

What motivates you to answer for an interview? ›

For example: I'm motivated by the opportunity to learn new things and take on new challenges. In my current position, I've been able to take on more responsibility and learn new skills. It's been incredibly fulfilling, and I'm constantly growing and evolving in my role.

What are 3 facts about finance? ›

By budgeting wisely, you not only set aside more money for potential savings, but you also develop spending habits that serve you in the long term.
  • Fact #2—There's a Smart Way to Manage Debt. Many people find it helpful to understand the facts of managing debt wisely. ...
  • Fact #3—You Don't Have to Go it Alone.

What are the three main things in finance? ›

Operating cash flow: The net cash generated from normal business activities. Investing cash flow: The net cash generated through investment activities. Financing cash flow: The net cash generated from financial activities, such as debt payments, shareholders' equity, and dividend payments.

Why is finance more interesting than accounting? ›

So finance degree students will likely be more interested in financial strategy and control, while accounting degree students will be more focused on professional principles and processes, used in order to manage numbers rather than influence them.

What makes financial management distinct from other fields of finance? ›

Financial accounting and financial management are two separate functions of finance where financial accounting requires reporting past financial transactions. In contrast, on the other hand, financial management requires planning for future transactions.

What skills and knowledge do you hope to obtain by taking a Principles of finance course? ›

When you finish this course, you will understand financial statements, cash flow, time value of money, stocks and bonds, capital budgeting, ratio analysis, and long-term financing, and how to apply these concepts and skills to business decisions.

Top Articles
Latest Posts
Article information

Author: Margart Wisoky

Last Updated:

Views: 5740

Rating: 4.8 / 5 (58 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Margart Wisoky

Birthday: 1993-05-13

Address: 2113 Abernathy Knoll, New Tamerafurt, CT 66893-2169

Phone: +25815234346805

Job: Central Developer

Hobby: Machining, Pottery, Rafting, Cosplaying, Jogging, Taekwondo, Scouting

Introduction: My name is Margart Wisoky, I am a gorgeous, shiny, successful, beautiful, adventurous, excited, pleasant person who loves writing and wants to share my knowledge and understanding with you.