Finance is at the core of any business endeavor.
Every business must determine how to finance itself and what its business model will be. Along with management, sales/marketing and operations, finance is one of the key pillars of any business. Students might pursue a career in the treasury department of a company or government entity, or find work as a financial planner, a wealth manager, a financial analyst, or in any of the many finance-related careers available today. Whatever their choice, understanding the basics of how markets operate, of how companies find investors and lenders, and how financial planning helps small and large firms’ weather economic swings – all are critical to success. Individuals who want to understand how the finances of an organization are managed and how adjusting financial levers can impact an organization’s success will find a finance major an interesting pursuit. Students who consider themselves to be “problem solvers” are a good fit for a finance major as much of the coursework entails solving economic and financial puzzles. Studying effective financial strategies is necessary to succeed in any business, which is why even non-finance majors in the business division are required to take several finance and economic-related courses. The finance major becomes an expert in these fields – a skill that will help in almost any career path.
Key industries are looking for qualified, experienced, and educated professionals to provide leadership and guidance with financial decisions that will affect their organization. The Bureau of Labor Statistics reports that employment in financial operations occupations is projected to grow 5 percent from 2019 to 2029, faster than the average for all occupations, adding about 476,200 new jobs. Globalization, a growing economy, and a complex tax and regulatory environment are expected to continue to lead to strong demand for many finance-related jobs
“Doing Finance Right”
Dominican College’s Bachelor of Science in Finance promotes our motto of “Doing Business Right” – by which we mean that at Dominican College business students are taught how to be successful while also making the world a better place. As with all aspects of business, when it comes to finance, we believe an ethical approach is critical. The term “creative accounting” holds a negative connotation – namely that someone is playing with the numbers to make something look better than it really is. Being able to see the truth behind the numbers is a critical skill for a financial analyst. Creativity has its place though – not to mislead of course – but to find new ways to make capitalism work. The dramatic rise, for instance, of “sustainable” investing is revolutionizing the world of investments. Entire new industries are being funded by “green” bonds and investors seeking to match their investments to their desire for improvements in the environment, society, and governance structures. At the same time, “green-washing” exists where firms “talk the talk,” but do not “walk the walk.” There is a lively and important debate taking place on the merits of shareholder vs. stakeholder capitalism. We teach our students to see through the hype and to make up their own minds on what business success means to each one of them. This is what we consider “Doing Finance Right.”
The Division of Business Administration at Dominican College of Blauvelt has received specialized accreditation for its business programs through the International Accreditation Council for Business Education (IACBE) located at 11374 Strang Line Road in Lenexa, Kansas, USA.