School of Business Administration
- Quick Center
- tel: 610-499-4300
- fax: 610-499-4614
Iqbal (Monty) Mansur
- Professor of Finance
- Quick Center, Room 226
- tel: 610-499-4321
Why should I major in finance?
All business decisions have financial implications. Finance professionals help businesses and individuals make better overall decisions by helping them understand the financial implications of their decisions. Finance professionals work in many job roles. They include financial analysts, investment analysts, portfolio managers, risk managers, financial advisors, and management analysts. Finance graduates are highly sought after because of the versatility of their skills and training. The Bureau of Labor Statistics ranks most occupations that employ finance graduates as having higher than average compensation and a better than average job growth outlook for the next decade.
Who can help me decide on a major?
Selecting a major can be difficult. You need to carefully examine your personal preferences and lifetime goals. Our finance faculty is more than happy to provide you with more information about the finance program here at Widener and career options when you graduate.
What is the difference between the traditional finance and financial planning tracks?
In recognition of the changes in the financial services industry, our undergraduate finance program now offers two tracks: the traditional finance track, which provides the flexibility for you to pursue careers in a wide range of finance-related roles; and the financial planning track, which is a special track for those who intend to pursue careers primarily in the finance services. The financial planning track is designed so that graduates will be immediately eligible to sit for the Certified Financial Planner (CFP®) exam upon completion of their undergraduate program.
What advantages does one of these tracks offer over the other?
Each program is tailored to the specific interest of the student, so there is really no advantage in choosing one program over the other.
I want to learn about the stock market and investing for myself. What do I do?
Stock investing is a relatively sophisticated endeavor; however, it could be highly rewarding if you are well-informed about how the capital markets work. One of the key features of our finance program is to immerse you early in your undergraduate program into the knowledge of how the capital markets work and how stock prices are determined. We do this through our Money Club and our student managed investment fund, which is a large-cap equity fund. Membership in the Money Club and participation in managing our equity fund are open to all undergraduate majors. However, we reserve special positions in the club and fund for students in the finance program.
Why should I consider a career as a financial planner?
Only about 25% of college students are familiar or very familiar with the advisory profession and 7% are interested in actually becoming an advisor, according to the Pershing survey of 500 students ages 18 to 24.
As many as 500,000 students coming out of American colleges and universities every year could be interested in a career in the financial advice business, yet the number of young people entering the business isn’t even keeping pace with the number of professionals retiring each year, according to the Pershing report.
After peaking in 2005, the overall industry headcount has fallen by more than 32,000 advisors, according to Cerulli Associates Inc. By 2017, the industry will shed more than 25,000 advisors, down from just over 280,000, due largely to retirements. Some firms have been improving and lengthening training programs, offering scholarships to CFP candidates, and giving incentives for teams to bring on junior partners.
These figures show that opportunity for a successful career in financial planning is present in the industry today.