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What are the sub branches of study in the finance area

Asked Honolulu, Hawaii

1 answer

Paul’s Answer

Updated Des Moines, Washington

Hi Devin:

There are several sub branches of areas to study in the subject of finance. It really depends on which college that you attend, because each one is different regarding their course offerings and majors. I would consult with each college or universities online catalog to determine what is available. Here are some of the sub branches in the areas of finance:

Corporate Finance: This can include specific courses in the areas of budgeting, capital management, accounting, financial analysis, portfolio management and other subjects.

Investments: This includes courses and emphasis on such subjects as stocks, bonds, securities and other financial elements involved with investment banking.

Economics: An emphasis in the area of economics can also be a sub category in finance. This includes studies in the areas of finance and public policy analysis, financial markets and other securities.

Business Law: I have seen many majors in finance later become financial attorneys after completing law school. Non-profit law in relation to finance has been offered in many law schools

Commercial Real Estate: Course here will emphasize and analysis in business plans, financial analysis of potential buyers and other elements of real estate markets.

Insurance: This includes actuary studies, risk management, underwriting and corporate financial issues.

There are many potential combinations that each college can offer you, and the opportunities are very large for individuals both in the public and private sector.

This professional recommends the following next steps:

  • Research the various college catalogs for the business majors and their specific course offerings in each area of the finance major.
  • Contact an advisor at your college or university of choice and determine which courses you will need to complete successfully to reach your academic goal.
  • visit the career center at the college to determine which areas of emphasis past finance majors have taken in their path towards success.
Hi I wanted to add to Paul's response. There are also sub areas of finance study related to the financial markets - i.e. equities (stocks) and fixed income (bonds). I found that most of the finance courses I took in undergraduate and graduate school were pretty quantitative (lots of bond math, NPV and IRR analysis), however the practical application of finance often relates more to the underlying business dynamics (i.e. understanding the business trends, why a business needs to invest a certain amount of money or what is driving revenue, etc.). I hope this is helpful.
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