Accounting continues to be recognized as one of the world's leading professions, offering many opportunities for a rewarding career. All organizations, both large and small, use accounting to make sure they are using resources efficiently, meeting objectives and making plans for increasing profits. Professional opportunities in the field of accounting include professional practice as a certified public accountant, corporate accountant, controller, and government sector fiscal officer.
The accounting career path often leads to high-level positions in organizations such as finance vice president or president. Accounting is also excellent training for graduate business degrees (e.g. the MBA), law school and the FBI! Many accounting graduates work for public accounting firms that provide audit, tax, and consulting services to all types of organizations. Other accounting graduates pursue careers in various businesses and industries, at all levels of government, as forensic accountants (investigating and uncovering fraud), and as accounting educators.
Professional designations include CPA (Certified Public Accountant), CFA (Certified Financial Analyst), CFP (Certified Financial Planner), COAF (Certified Professional Forecaster and Certified Advanced Professional Forecaster), CMA (Certified Managerial Accountant), CFE (Certified Fraud Examiner), CIA (Certified Internal Auditor).
Financial decisions affect everything that an organization does: from multimillion-dollar investments to salary and fringe benefit levels to the appropriate cash balances in a firm's bank accounts. Finance personnel examine the financial condition and resources of the company and the financial market to determine the most efficient methods of managing financial resources, investing profits, and maximizing the company’s profitability.
In today's global economy, an in-depth understanding of finance enables business and government decision makers and financial managers to deal with currency risks, issuing stock and bonds, incurring and repaying debt, as well as, other aspects of both domestic and international finance. Finance professionals are in high demand by corporations, nonprofit organizations and government agencies at all levels. The corporate finance career path can lead to very responsible positions, including vice president for finance or president of the firm.
A degree in finance is excellent preparation for entering a graduate business program (e.g. MBA) and law school. Professional opportunities in the field of finance can lead to careers in financial services such as banking officers, investment portfolio managers, corporate treasurers, and financial planners. Finance major specializations might include corporate finance and investment banking, energy finance, investment management, financial markets/banking, real estate or general finance. Professional designations include CFA (Chartered Financial Analyst) CFP (Certified Financial Planner).
A degree in management allows you to either generalize or specialize as managers and future executives in business and other organizations. Whether you are seeking employment in a large Fortune 500 company, a non-profit organization, or in an entrepreneurial endeavor, the management major can provide you with the foundation you need to be successful in any business environment. Professional opportunities in management often begin as “management trainee” in large companies or as an assistant manager in other businesses. Persons with careers in management are found in entrepreneurial, private, public, and not-for-profit organizations. Management major specializations might include human resource management, operations management, hospitality management and distribution management.
Marketing involves developing products and services to satisfy customers' needs and then making them available at the right places, at the right times and at competitive prices. Marketing also provides information to help customers decide whether specific goods and services will meet their needs. Recent changes in social and economic systems have created new challenges for marketing professionals.
Increasingly, they must focus on both domestic and global opportunities and the changes that new technology brings. They must also be continually responsive to cultural differences, quality concerns, and ethical issues.
A career in marketing would typically begin in an entry-level position in advertising, logistics and distribution, marketing research, personal selling, or product management. Opportunities are available in manufacturing, wholesale/retail, service companies, as well as, in nonprofit organizations such as universities, government agencies, relief agencies and charitable organizations. Professional opportunities in marketing are marketing specialists and directors, sales professionals, advertising specialists and advertising directors.
Management Information Systems
Digital enterprises have created a strong demand for individuals who understand business practices, functional disciplines and computer applications. As electronic business (e-business) transformation and rapid technological innovations continue to pervade the business environment, MIS students are prepared to face challenges to cope with new information technologies and business methods.
The Management Information Systems (MIS) track addresses the impact of computer-based information systems in a variety of organizational settings. MIS professionals learn how to analyze, design, and implement information systems required by diverse business activities.
Professional opportunities in the field of MIS include computer and information systems manager, database administrator, network administrator, systems analysts, technical support specialist and web developer.
Supply Chain (Distribution) Management
Skilled supply chain managers are in high demand in every sector of the economy…retail, healthcare, manufacturing, services, hospitality, government, education and agriculture. Supply Chain Management is a study of the flow of products and information from raw material suppliers, through operations, to the final consumer.
A degree in supply chain (distribution) management provides a solid background in procurement, distribution, operations management, and in numerous information technologies such as electronic business and enterprise resource planning. The demand for professionals in this area is rapidly growing, particularly as firms are incorporating information technology into their domestic and global operations.
Professional opportunities in the field of SCM include purchasing manager, distribution center manager, inventory control coordinator, export compliance coordinator, fleet manager, materials scheduler, process engineer, SCM software consultants.