Why study finance? (2024)

Finance is a field within accounting and economics that focuses on the management of money at personal, corporate and public levels. Its main aim is to study the production, distribution and consumption of money, goods, assets and services.

Why study finance?

Degrees in finance are widely applicable

Studying finance doesn’t limit you to a specific industry or sector. It offers a broad range of applications across various industries. This makes your skillset adaptable and valuable in a wide range of professional settings. Whether you are interested in banking, insurance, investment or starting your own business, a finance degree can provide you with a solid foundation for success.

You’ll improve your ability to solve problems

Through thestudy of finance, you will develop critical thinking and analytical abilities, giving you the skills to effectively identify and solve complex financial challenges. These skills are highly transferable and valuable in many other areas of life as well.

A finance degree will make your CV stand out

In today’s competitive job market, it is essential to stand out from the crowd. Having a finance degree demonstrates your expertise in financial management, risk assessment and strategic decision-making. Employers highly value these skills, making a finance degree a strong asset when seeking employment opportunities.

The finance industry continues to evolve

By studying finance, you will stay up to date with the latest industry trends and technological advancements. This ensures that you are well-prepared to navigate the ever-changing landscape of finance and stay competitive in the field.

Finance jobs are well paid and in-demand

In today’s economic landscape, the demand for professionals with financial expertise is high. These positions cover a wide range of roles and industries.

Companies across various industries recognise the importance of effective financial management, making finance professionals indispensable. This gives graduates the opportunity for excellent growth and job security.

Finance is present in everyday life

Understanding financial concepts and principles is essential for professional success and personal financial management. Whether it’s managing your personal budget, making investment decisions, or understanding the financial health of a company, an understanding of finance can greatly benefit you in numerous everyday situations.

Study finance at Royal Holloway, University of London

If you want tolearn about financein the UK, chooseRoyal Holloway, University of London, a top 30 UK university (The Times and Sunday Times Good University Guide 2023). The University offers a range of excellent finance and economics-related degrees that are accredited by CIMA, CPA, CIPFA, ICAEW and AACSB. This means your qualification is recognised in the industry, giving you a competitive edge when applying for jobs.

The University has strong ties with the finance industry, offering networking opportunities, internships, and access to prominent professionals, increasing your chances of securing valuable work experience. Situated in London, one of Europe’s largest financial hubs, there are many exciting work experience and graduate job opportunities for students at Royal Holloway, with students going on to work at a range of accounting firms and companies, from PWC and Deloitte to Accenture and London Premier Hotels.

Royal Holloway firmly establishes itself as one of the top institutions for research excellence. The University's commitment to academic excellence is proven by its position within the top 25% of UK universities rated “world-leading" or "internationally excellent" in the prestigious Research Excellence Framework released in 2021.

As an international student, you can begin your UK education journey at the International Study Centre. Here you will find pathway programmes expertly designed to develop your academic knowledge, subject-specific and English language skills in preparation for a finance degree at Royal Holloway.

Undergraduate

TheInternational Foundation Year in Management and Economicsis an excellent place to begin yourstudy of finance.The programme is designed to help international students transition into UK education and builds important skills such as academic writing and English language development to the level needed for university study. Successful completion of the programme will allow you to progress to the first year of an undergraduate degree in finance at Royal Holloway, University of London.

Postgraduate

If you want to continue your finance education journey in the UK and don’t yet meet the direct entry requirements for masters study, there are two pre-masters options available: thePre-Masters Programme in Economicsand thePre-Masters Programme in Business and Management.

Both programmes have core modules in academic and English language skills and subject-specific modules that allow you to build the knowledge needed to succeed in a postgraduate finance degree.

Upon successful completion of a Pre-Masters Programme at the International Study Centre, you can progress to a postgraduate degree at Royal Holloway, University of London.

Find out theentry requirementsandfeesfor a pathway programme at the Royal Holloway International Study Centre.

FAQs

What do you study in finance?

During a finance degree, you will study various aspects of financial management and analysis. This includes learning about investment principles, financial markets and risk management in order to gain a deep understanding of financial models and strategies for making informed financial decisions.

What are the four areas of finance?

The four main areas of finance are:

  • Corporate finance – financial management and decision-making within corporations, including capital investment, financial planning and risk management
  • Investments – analysing and managing various types of investments such as stocks, bonds and real estate to maximise returns and minimise risks
  • Financial institutions and markets – the function of financial institutions and the structure and operations of financial markets
  • Personal finance – individual financial planning and management, including budgeting, saving, investing and tax strategies.

Are there good career options in finance?

Yes, finance offers a wide range of rewarding career options, such as financial analyst, investment banker and risk manager. Acareer in financecan offer competitive salaries, growth prospects and the opportunity to work with global markets and complex financial tools.

Why study finance? (2024)

FAQs

Why am I interested in studying finance? ›

Finance encompasses the management of money at the personal, corporate and public levels. Students learn the big picture of business and can prepare for careers ranging from financial adviser to investment banker.

What is a good answer to why finance? ›

Here's an example of how to highlight your educational background in your answer:"I chose to study finance because I realized I was passionate about investing and excellent at investment strategies. I took capital markets, financial accounting, corporate finance, financial modelling, and portfolio management courses.

Why did I choose finance as my major? ›

A finance degree can open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate to careers in a variety of organizations in the public, private, and nonprofit sectors.

Why is it important to learn about finance? ›

Strong financial knowledge and decision-making skills help people weigh options and make informed choices for their financial situations, such as deciding how and when to save and spend, comparing costs before a big purchase, and planning for retirement or other long-term savings.

Is it worth studying finance? ›

High earning potential: Many jobs in finance offer high salaries and growth potential, making it a lucrative career choice. Diverse career opportunities: With a finance degree, you can work in various roles and industries, from investment banking to risk management to financial planning.

What is your understanding of finance? ›

Finance is a term broadly describing the study and system of money, investments, and other financial instruments. Finance can be divided broadly into three distinct categories: public finance, corporate finance, and personal finance. More recent subcategories of finance include social finance and behavioral finance.

Why should I love finance? ›

Finance work aligns with your personality

If you're a finance graduate, you were likely drawn to the profession because you are confident working with numbers. Many finance professionals share traits such as being highly organised, logical and reliable. Perhaps you're even a borderline perfectionist.

How to answer tell me about yourself in a finance interview? ›

"I'm a finance professional with over ten years of experience in investment banking. In my current role, I oversee a team of analysts and have successfully completed numerous high-value transactions. I'm excited to bring my expertise to a new company and help drive success.

Why do you want to pursue a career in? ›

When answering “Why did you choose this career?” you can point out factors like growth prospects, job security, scope, etc to help make a valid explanation. A possible answer to this HR interview question can be, “I have always found a certain satisfaction in writing and knew I wanted to make a career in content.

What are finance majors passionate about? ›

A finance major may seem like a natural choice if you love working with numbers and money. Yet, finance graduates do so much more. They provide valuable services to corporations, small businesses, non-profits, and individuals to help them manage a critical resource.

What is the most important in finance? ›

Essential finance skills include budgeting, financial analysis, problem-solving, risk assessment, financial planning, and more. These skills lead to improved financial decision-making and a better understanding of the economic landscape.

What is the main goal of financial management? ›

Typically, the primary goal of financial management is profit maximization. Profit maximization is the process of assessing and utilizing available resources to their fullest potential to maximize profits. This has the greatest benefit for company shareholders hoping for the highest possible return on their investment.

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