Large corporations don’t thrive by themselves. Without the help of a financial officer many corporations would not be where they are. Corporations need men and women who are experienced in the world of finance to assist them in expanding their business by using their skills to manage the corporate funds. Many accredited online colleges and universities offer degree distinctions in finance with the goal of gaining a career in corporate finance.
As a financial consultant or manager the career goal is to take into consideration the corporation’s goals and resources to make suggestions on what they can do to continue to grow financially. The management side to the career involves one on one work with the corporation. One priority is to manage people by creating good teamwork and solving financial problems as they arise. Gaining an education enables students to understand the operations of all the departments within their corporation to make detailed, helpful, and financially secure decisions.
The minimum requirement to work within the industry is a bachelor’s degree. Students do have the option of continuing education until they obtain a PhD, which will translate into high-level careers. The trend within the field is to earn a master’s degree while working. Online instruction in this particular field is beneficial for that purpose because most individuals can’t take time off of work to go back to school. Earning an online degree in this area allows students to work through a program at their own pace, and study from the comfort of their own home. A corporate finance career will specifically teach students how to find the funds to run a corporation, grow it, create acquisitions, establish a solid financial future, and manage the money currently used and relied upon by the corporation.
A typical bachelor’s degree will require a student to complete 120 credit hours. In a corporate finance major students will learn to understand financial arrangements and contracts. Courses teach students how to apply that understanding to a business. Students will also be taught how to manage and analyze foreign exchange of cash and capital budget in a global environment. Working through a set curriculum, students will be able to create strategies to achieve specific financial goals and integrate financial issues with the corporate policies.
Specific courses that will advance the knowledge of a student who wants to be a corporate financial consultant include the global marketplace, global strategy, financial accounting, management, organizational communication, and more. A global marketplace course will teach students how to compete in a global environment and create a marketing mix that will be successful globally. Within this course students will establish a strong foundation in the field by studying political, social, economic, and technological factors that pertain to the global market. An important course students will take is management. This course focuses on the fundamental procedures that make up a manager’s job in a corporate setting. Students will learn five primary principles, which include decision-making, planning, organizing, controlling, and innovating. Each topic will be covered in depth and prepare students for the professional industry.