Finance
Fisher College of Business
Undergraduate Specialization
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Overview
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What is Finance?
Preparation
Finance at Fisher
Finance Job Titles and Companies
Finance Internships
Professional Certifications
Graduate School and Professional Options
Finance Salaries and Outlook
Student and Professional Organizations
Study Abroad
Finance Department Contact Information
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
What is Finance?
Finance is the study of how to allocate
scarce resources over time, so as to
satisfy people’s ‘consumption preferences’
Finance careers can be organized in three
broad categories:
1. Banking
2. Insurance
3. Securities
and Commodities
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
More On Finance…
In addition to receiving broad training in general
business management, students specializing in
Finance are especially prepared for the
increasingly important area of financial
management in all types of business including
financial institutions
The financial officer has responsibility in such
activities as funds and cost analysis, investments,
the formulating of credit, and other financial
operating policies
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Five Reasons to Study Finance
1. To manage your personal resources
2. To deal with the world of Business
3. To pursue interesting and rewarding
career opportunities
4. To make informed public choices as a
citizen
5. To expand your mind
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Other Finance-Related Specializations Offered
Real Estate & Urban Analysis
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Opportunities for employment include commercial banks, savings
and loan companies, insurance companies, mortgage bankers,
and private appraisal and consulting firms. Real estate building
and subdividing organizations, property management firms, and
brokerage offices also offer employment. Many graduates
eventually organize their own business in one of these fields.
Risk Management & Insurance
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Specific career opportunities within the insurance industry include
underwriters, claims administrators, information systems experts,
investment managers, brokers, and sales agents. Outside the
insurance industry, knowledge from the fields of Risk Management
and Insurance is needed by Employee Benefit Managers,
Financial Planners, Consultants, and Risk Managers.
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
General Preparation
A good high school background recommended in:
• Mathematics
• Oral/written communication
• Computer experience
A bachelor’s degree is considered essential for entry into the field of
finance in positions of promise
Moreover, college graduates can usually expect additional training by
the employer to familiarize them with the firm’s operating policies
Those entering the field of finance should have a deep interest in
understanding financial structures and financial analysis, and
patience with detail
In addition, many positions in this field require an ability for working
with people, both subordinates and customers, in discharging the
responsibilities of banking and other financial institutions
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Finance at Fisher
Undergraduate Ranking
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13th Nationally - U.S. News and World Report
(2009)
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Competitive Admissions
Information concerning application to the
Finance specialization is also available on
the web under:
Admission to Specialization
Admission to the Finance Specialization
largely depends on space availability
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Finance Curriculum
Specific information about the Finance
Specialization can be found on the Fisher website
under:
Current Students
Undergraduates
Academics
Courses and Specializations
There you will find a complete list of GEC, core, and
specialization requirements as a downloadable
pdf
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Honors Options
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Business Administration Honors Cohort
Program
Honors Contract Program
More information go to
fisher.osu.edu/honors/
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Finance Careers
• Specific career opportunities include financial
management in manufacturing and distributing firms,
commercial bank management, savings and loan
management, stock brokerage, insurance, security
analysis, and trust management
• This specialization serves as an excellent foundation for
graduate study in business and for the study of law. In
addition to career opportunities, the finance curriculum is
designed to aid the student in the proper handling of his
own financial and investment problems
• Students may find career opportunities in financial
management in manufacturing and distributing firms,
commercial banks, savings and loan associations, stock
brokerage firms, investment banks, and insurance and
trust companies
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Banking Careers
Focus on providing loans, credit, and
payment services to both individual and
large institutional customers
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Banking Job Titles
Loan Officers, Financial Managers, and
Trust Officers usually have at least a
college degree if not a professional or
graduate degree
Bank Tellers and Clerks are not required to
have a college degree but need special
training
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Banking Training
Most banks have internal training programs
on procedures & regulations
Tellers and Clerks often attend specialized
training on banking regulations through 3
organizations:
The American Institute of Banking
2. American Bankers Association
3. The Institute of Financial Education
1.
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
The Outlook for Banking
15% employment growth, the same as the
overall economy (15%)
Banks have become more automated and
rely more on ATMs and Internet Banking –
directly effecting customer service positions
Areas of growth – customer call centers, trust
officers to assist an aging population
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Insurance Careers
Risk Managers - develop policies the insurance
company follows when making decisions
regarding claims
Sales Managers - sell insurance products, assist
clients with policy questions, supervise sales staff
Underwriters - review applications for insurance
and the level of risk involved in agreeing to issue
a policy and what premiums should be paid
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Insurance Training
Most positions require a bachelors degree
Actuaries must pass a series of exams over a
period of 5 to 10 years to become fully
qualified
Special training is provided by the insurance
company
People are typically promoted from within the
organization
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
The Outlook for Insurance Careers
Overall slow growth due to downsizing of
large companies, computerization, and a
trend of more direct mail and telephone
sales campaigns
Bright spot – financial services and products
sales
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Securities Careers
Brokerage Clerks – daily operations and processing of
paperwork related to tracking performance of investments
Financial Services Sales (Broker) – buy and sell
investments, spend a lot of their time marketing their
services in order to establish a client base
Financial Planners – advise clients on investments,
investing for retirement, tax planning, and employee
benefits; also buy and sell stock, mutual funds, bonds,
annuities
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Securities Careers
Investment Banker – make recommendations
about potential profits from investments in specific
companies by reviewing financial records and
evaluating market trends; also determine market
value for stocks
Portfolio Manager – manage investments for
mutual funds, pension funds, trust funds, and
investments for individuals with large amounts of
money
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Securities Training
Overall, workers are well educated and highly
trained
A Series 7 license is required to sell securities
The National Assoc. of Securities Dealers conducts
the testing and licensing
Financial Planners earn a Certified Financial
Planning (CFP) designation
Most higher level positions (investment banking)
required MBA degrees most often from the best
business schools
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
The Outlook for Securities
Growth projection of 40%
Growth fueled by:
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More people investing in the stock market
• More people seeking investment advice
• More knowledgeable analysts focused on the
complex global market
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Specific Types of Finance Jobs
• Financial Management in manufacturing and distribution
firms
• Commercial Bank Management
• Savings and Loan Management
• Investment Banking
• Sales & Trading
• Stock Brokerage
• Insurance
• Security Analysis
• Trust Management
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Finance Hiring Companies
Abbott Laboratories
American Express
American Enterprise
Institute
Cardinal Health
Ernst and Young
Frito – Lay
General Electric
Hallmark cards
Hewlett - Packard
Fisher College of Business
The Ohio State University
Intel
J.P.Morgan &Co
John Wiley & Sons
Kraft Foods Inc.
Lucas Digital
Merrill Lynch
Microsoft
Nationwide
Procter & Gamble
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Financial Certifications
Certified Cash Manager (CCM)
Certified in Financial Management (CFM)
Chartered Financial Analyst Designation
(CFA)
Certified Financial Planner (CFP)
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Graduate and Professional School Options
Master of Business Administration with a
Major in Finance
Master of Arts in Finance
Doctorate of Philosophy
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Finance Salaries
Fisher College of Business Average Salaries
(2007-2008)
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Full-time
Intern
$48,160
$2,626/month
NACE Salary Survey (Spring 2009)
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Full-time
Fisher College of Business
The Ohio State University
$49,754
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
General Finance Outlook
• The employment outlook in this field is
good, although banking has been effected
by recent economic events
• Increasing competition has forced firms to
rely increasingly on efficiency in financial
matters to insure an adequate profit
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Student Organizations
Undergraduate Finance Association
(UFA)
https://groups.cob.ohio-state.edu/ufa/
Buckeye Capital Investors
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http://student.cob.ohiostate.edu/bci/index.htm
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
What Does the Undergraduate Finance Association Do?
• Helps students in learning about job opportunities
in the field of finance
• Students can meet professionals in a casual and
relaxed environment
• Provide the opportunity to post resumes
• Get the recruiters and other speakers talk to the
students at various occasions
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Professional Organizations
American Finance
Association
http://www.afajof.org/
Association of Finance &
Insurance Professionals
www.afip.com
Financial Management
Association
www.fma.org
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Study Abroad & Exchange Contacts
Fisher International Programs Office
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http://fisher.osu.edu/international/
Office of International Affairs (OIA)
• http://oia.osu.edu/
• OIA has many other opportunities for business
and non-business opportunities to supplement
the Fisher curriculum
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Study Abroad & Exchange Programs
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Copenhagen Business School, Denmark
Technische Universitat Dresden, Germany
Nantes Summer School, France
Trinity College, Dublin, Ireland
Quinn School of Business, Dublin, Ireland
London School of Economics, England
Instituto Technologico y de Estudios Superiores de
Monterrey, Mexico
• Hong Kong University of Science and Technology
• Singapore Management University
• Curtin School of Business, Perth, Australia
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Max M. Fisher College of Business
Academic Department: Finance
Ohio State University
700 Fisher Hall
2100 Neil Ave
Columbus, OH 43210-1144
(614) 292-5026
http://fisher.osu.edu/fin/finance.html
Fisher College of Business
The Ohio State University
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career
Fisher logo
fisher.osu.edu
Fisher College of Business
The Ohio State University
http://fisher.osu.edu
Office of Career Management
150 Gerlach Hall 2108 Neil Avenue
614-292-6024 fisher.osu.edu/career