Finance and its High Paying Opportunities (Essay Sample)

Finance and its High Paying Opportunities
Finance is the science of funds management. In general they are the allocation of assets and liabilities over time under different conditions, both certainty and uncertainty. A key lesson in finance is the time value of money. The time value of money states that a unit of today’s currency is worth more than the same unit of tomorrow’s currency (based on inflation). The subject teaches students to price assets based on their level of risk, and estimated rate of return.
Aside from accounting, finance is the most popular selected subject in the commerce field of study. It teaches students multiple, effective ways to manage an organization's money, in order to generate wealth and increase the value of the organization. Finance students prepare various topics of study such as planning, raising funds, controlling cash influx and outflow and making wise investments. But aside from the core elements, students are also taught about management, the conception and study of money, credit, banking, investments, assets and liabilities.
Finance can be broken into three different categories: corporate finance, personal finance and public finance. They also possess their own sub categories. For instance, economics is considered a part of financial science, an area where students are taught that both macro and microeconomic factors affect levels of financial decisions and outcomes at all levels and the study of behavioral finance which is more focused on the humane side of a Finances (which most consider to be mathematical).
The knowledge of Finance helps students by opening a wide array of career paths in the areas of corporate finance, financial institutions and investments for them. Students gain a working knowledge of financial systems (which include private, public and government spaces), the study of finance and finance related instruments, and the relation to countless assets and liabilities.
Executives in search of well-rounded employees look for certain skills. Finance delivers the skills of quantitative, critical decision-making and communication, which the higher ups will appreciate. Finances will also help students manage their own homes in a proper, professional manner.
Many universities offer a Master’s degree in finance which helps several students earn an above average living. In fact, student’s majoring in the subject can start work while studying. An average of $44,482 is made annually by students in part time jobs. Full Fledged finance Masters can make approximately $69,000. Those who show great skill and mastery of the subject can even earn up to $99,000.