Money and capital markets deals with securities markets and financial institutions. Career opportunities in this area include working for financial institutions such as banks, insurance companies, and investment companies. Investments focuses on the decisions of individuals and institutions in selecting securities for their investment portfolios. Other opportunities include portfolio management, financial consulting, and investment banking. Managerial finance is the broadest of the three areas and involves the management of nonfinancial firms.
Financial management is important in all types of business and government operations.
Financial managers are involved in deciding what major expenditures should be made by an organization and what types of securities should be issued to cover the costs. They also decide on issues such as customer credit and inventory control, as well as whether to purchase other firms. Regardless of a student's individual interests within finance, knowledge of all three areas and a broad business background are essential for success. Nationally, there are presently 346,000 unfilled jobs in information technology. The demand for trained workers is increasing by 95,000 information-technology jobs per year, according to the U.S. Bureau of Labor Statistics.