The Department of Finance belongs to the economics category and has nine majors: finance, financial engineering, financial mathematics, economics and finance, Internet finance, insurance, investment, credit management and actuarial science. The following is a detailed introduction:
1. Finance
Mainly study the work and management methods of banks, insurance companies or other financial enterprises, and understand the origin, functions and trading methods of money and securities. Finance is closely related to our daily life. Stocks, funds, futures, foreign exchange, insurance, loans, etc. are all applications of finance in real life.
2. Financial Engineering
It is the product of the market's pursuit of higher financial efficiency, and is a cross discipline formed by finance, mathematics and computer science. The core of financial engineering is the development and design of new financial products or businesses. In addition to learning specialized courses such as economics and finance, financial engineering also needs to learn specialized knowledge in mathematics and computer.
3. Financial Mathematics
Use mathematical tools to study finance. Through quantitative analysis methods such as mathematical modeling, theoretical analysis and numerical calculation, find the internal laws of finance to guide practical application. Financial mathematics is the application of applied mathematics, statistics and computing technology in the financial field, a new interdisciplinary. This major needs to learn a lot of mathematics courses.
4. Internet Finance
It is a cross discipline formed by finance, computer science and Internet technology. It mainly studies financial theory, management theory, computer technology foundation and Internet finance. Students are required to have strong Internet thinking and master knowledge and skills in financial data analysis, financial information system analysis and design. Mobile payment, WeChat finance and online lending are all Internet finance. This major needs to learn a lot of computer related courses.
5. Insurance
They don't sell insurance. Insurance involves more than just selling insurance. Insurance is a complete system, including the design of insurance types, customization of insurance premiums, and sales of insurance. But in real life, many insurance majors who graduated from ordinary universities started from running insurance. Students applying for the insurance major need to have strong psychological endurance, be good at communication, have a good mathematical foundation, and have strong self-learning ability.
6. Major in Investment
It is relatively good for employment, but it is not so easy to enter the investment industry. Investment banking has a high threshold of work, high requirements for the level of institutions, and the investment industry is high-risk and high-yield coexistence. Candidates are required to have a good mathematical foundation, strong logical reasoning ability, understand the financial market, and be sensitive to numbers.
7. Actuarial Science
One of the corresponding professions of actuary is actuary, which is mainly required by insurance companies. To become an actuary, you need to obtain an actuary qualification certificate. Many people think that this is a profession of teaching people to calculate money, and they will be engaged in accounting or finance in the future, but it is not. Actuarial science is simply to analyze, evaluate and manage future risks in various economic activities based on the basic principles of economics and various scientific and effective methods of modern mathematics, statistics, finance and law. Actuarial science requires very high logical thinking ability.
8. Economics and Finance
The demand for professionals in this specialty is mainly concentrated in the high-end market, as well as market research and analysis of large companies, fund managers, investment managers, securities companies, insurance companies, trust and investment companies, etc. Financial institutions such as Jinji Management Company, as well as employment in management and financial consulting companies and large industrial and commercial enterprises.
9. Credit Management
The basic laws, regulations and standards system of social credit has basically built a credit reporting system covering the whole society based on the sharing of credit information resources. Cultivating credit talents is a necessary measure to establish a credit system. The first beneficiary is credit reporting companies and accounting firms engaged in credit evaluation and investigation.
Which universities have strong financial and insurance majors?
Like some universities of finance and economics. For example, Shanghai University of Finance and Economics. They will be more professional in finance and insurance. Because these are the trump majors in their universities. They have developed slowly by relying on these financial majors. So both teachers and educational resources. They are very strong in these financial professions. Especially the universities of finance and economics in good cities. Because there is a good city to support. They can have more good resources.
Resources are very important. For example, some universities will cooperate with the local government on many projects. You can meet these projects in a good university. You can learn a lot from these projects. Then I can have many development opportunities. So it is very important to go to a good university in a good city.
Finance and insurance has always been a popular major. Because people now think that learning finance will develop very quickly. I can be a financial analyst in the future. Maybe we can go to Wall Street. So we all love finance very much. Some parents don't even let their children study any liberal arts majors. They think that those liberal arts majors are useless, but finance is more practical. Because financial practitioners do earn more. People always consider the interests.
However, learning this major is not easy, because there is a lot of mathematics in this major. Almost all the maths in college is to be learned. Like advanced mathematics, probability theory. So it is not easy to mix in this major. You must study very hard during the four years of college. University teachers don't lecture like high school teachers, they will teach you hand in hand. They all give lectures very fast. Most of them need self-study. Many people can't keep up. In addition, when taking the exam, they will also take the exam. If they fail, they will make up the exam, and if they fail, they will retake it. They are very troublesome, so you must make yourself very good at mathematics before you can apply for this major.
What do you major in finance
Compulsory courses for finance majors: insurance, international finance, international trade, securities investment, commercial bank management, monetary banking, econometrics, investment banking, macroeconomics, statistics, central banking, political economics, microeconomics, accounting, financial law, linear algebra, probability theory and mathematical statistics, calculus, etc.
Elective courses for finance major: Western finance, economic law, international settlement, financial marketing, financial statistics, international investment, professional foreign languages, bank foreign exchange business, financial engineering, modern financial theory, bank accounting, trust and leasing, financial history, world economic risk investment, financial management, e-commerce, WTO rules, marketing, management Development economics, international taxation, regional economics, internal audit, etc.
Of course, finance majors will also offer some public basic courses, such as advanced mathematics, linear algebra, probability theory, college English, college Chinese, Marxism, etc.
The employment direction of finance major mainly includes the following three aspects:
1. Bank
Financial graduates can work in banks. The most common jobs are credit, risk control, bills, peers and other positions; There are state-owned holding companies (mainly four major players) and some joint-stock commercial banks (Industrial Bank, Guangfa and other banks).
2. Securities
It can be roughly divided into primary market and secondary market. The primary market is for issuance and underwriting, that is, people's favorite investment banks. The secondary market is mainly for analysts and sales.
3. Insurance
Financial graduates can also work in the insurance industry. Generally, the most common one is insurance sellers, but the really powerful one is the insurance investment department, which is similar to funds; This industry has a large span, and the employees are also mixed. There are few professionals in this field (unless they are the supervisors in the headquarters). Otherwise, most of them are from the business to the management position step by step, which is also hard.
