Finance

Finance is the study of money and how it is used in the public, private, and not-for-profit sectors. It is a field that is concerned with the allocation of resources and the management of risks. Finance is divided into three main areas: corporate finance, investment, and financial markets.

Corporate finance deals with the financial decisions of businesses, including the planning and management of a company's money. Investment focuses on the methods and strategies used to grow a company's money. Financial markets are the places where money is traded, such as the stock market and the bond market.

Finance is a critical component of any organization, and those who want to work in finance must have strong quantitative and analytical skills. In addition, finance professionals need to be able to communicate clearly and effectively.

PhD programs in finance typically take 4-5 years to complete and include coursework in mathematics, economics, and statistics. Students in finance programs can expect to take classes such as corporate finance, asset pricing, financial econometrics, and investment banking.