Others work for an industrial business organization. Some positions in the investment banking and securities industries require graduate degrees. Graduates joining financial institutions such as commercial banks usually begin as management trainees. They undergo training in different departments for six to 12 months and are then assigned to positions in lending, branch supervision, operations, internal audit, or trusts and investments. The finance specialization offers a good beginning for those wishing to pursue a stock brokering career.
Many brokerage houses require strong selling experience for account executive positions.
Industrial organizations employ finance graduates for work in a number of areas. Entrylevel positions are often in the treasurer's or controller's office where graduates may manage cash and shortterm investments, prepare budgets, handle relations with banks or evaluate new investment proposals. Some enter the credit department, where they analyze credit applications, make recommendations on granting or extending credit and assist in the management of bill collections and payments. Finance graduates work in a variety of management positions. The chief financial officer is usually a key member and participates in all important decisions.