Career
Career
Outlook
The Wonderful and Fascinating Realm of Finance
Corporate Finance:
The
following three decision-makings are essential and inevitable for a
capable and skillful financial manager: Investment Decision, Financing
Decision and Dividend Decision. Therefore, in addition to the
fundamental business core courses, such as economics, accounting,
investment and financial management, other recommended elective
courses are listed as follows:
1.
Financial decision-making information system.
2.
Investment Banking Management.
3.
Financial Regulations
4.
Securities Regulations
5.
Derivatives
6.
International Financial Market
7.
Fixed Income Analysis
8.
Financial Analysis
9.
International Financial Management
As
for the career outlook, one can enter into the filed of corporate
finance, investment banking, financial analysis, and financial
institute management. There are full of challenges and plenty of
opportunities.
Securities Analysis:
The
benefits for students who engage into this concentration are two-fold:
from personal perspective, one will gain the fundamental knowledge
that are necessary for securities investment and further enhance
one’s ability for securities analysis. As for the career outlook,
there are plenty of employment opportunities; one will probably enter
the securities sector. As far as salary is concern, the compensations
are quite attractive in this sector.
It
is recommended that students take the following courses: economics and
statistics, investment and financial statement analysis, securities
analysis, macroeconomics, fixed income analysis and derivative.
Analytical
skill is a must; through the analysis of macroeconomics, sector and
the financial status of individual corporations, and derivatives, one
could understand the decision-making process of forming and managing
of a sounded investment portfolio.
Financial Markets
and Institutions:
Nowadays,
essentially all transactions are conducted through financial markets
or financial institutions, therefore, gaining a full understanding of
the function, regulations, and future prospects of the financial
markets and institutions are crucial to the future success of
students. Students are required to take the course of “Money and
Banking”, which financial markets and monetary policy are
introduced, in the sophomore year and followed by “Financial
Institution Management”, which the functions of various financial
markets and the operations of banks are introduced, in junior year. In
addition, ”Futures and Options”, “International Financial
Market” and ”Fixed Income Analysis” are intended for the
introduction of various financial markets; “Investment Banking” is
designed for the introduction of financial institution; “Securities
Regulations”, “Banking Regulations”, “Investment Banking
Regulations” and “Trading Practices” are deliberated for the
exploration to the jurisdiction sector; “Derivatives” introduces
the new concepts and products that are both vital to regular and
investment banking industries; “Project Financing” deals with the
modern day financing mechanism. This concentration is quiet important,
regardless which career path, academia or practice, banking industry,
securities investment, corporate finance, or financial engineering,
one is engaged into.
Insurance:
There are
two jobs, which are suitable for graduates of our programs: the
manager of investment department and actuator. A fact that is often
over-looked by many of our graduates who are interested going to
investment sector is that insurance firms are in need for investment
talents to manage the vast amount of cash that, they possess and, is
awaited for investment. As for the actuary, there are very few
licensed actuary,, especially in the sector of properties insurance.
Interested party should not miss this wonderful opportunity. Financial
management and insurance are essential to the success of these
careers. It is recommended that students pay extra attention while
taking advanced statistics and insurance financial management. In
addition, students should pay more attention to the areas that
insurance firms are actively investing: securities, bonds and real
estate.
Real Estate:
As the
economic activities of Taiwan advanced, new investment mechanisms,
such as pension fund and annuity, have emerged. Many institutional
investors are eagerly seeking investment opportunities; inevitably,
forming a balanced portfolio with real estate and related subjects are
of their concerns. In addition, from the point of view of balance
sheet, mortgage loan are considered the asset of financial institutes,
gaining a understanding in the real estate investment, both in depth
and broad, is vital to those who engage into financial sector. As the
enactment of “renovation of urban” and commencement of asset
securitization, “real estate” has outpaced its traditional scope
and commingled with the practice of financial world. Our department
offers the following series of real estate related courses: “
Introduction to Real Estate Investment”, “Asset Securitization”,
“ Seminar on Real Estate Investment” and “Valuation on Asset
Back Mortgage.”
Financial Engineering:
This
concentration is evolved from the recent advancement of corporate
financial management, banking asset and liability management and
investment management. Due to its relatively short history, its
definition has not yet clearly defined. In general, it includes, but
not limit to, the followings: the process to solve a particular
financial problem, the technique to solve a problem by designing
financial products. Further, it includes the definition of the
problem, synthesize and desynthesize, design, pricing, promotion and
distribution of the product.
In addition to the following recommended courses:
“Futures and options” and “Derivatives”, students are advised
to hone their marketing skills and knowledge. If one is found
attracted to the design and pricing of derivatives, the extensive
training on computing and econometrics are vital; one is recommended
to take the core courses for the option of financial engineering of
the master program, such as “stochastic process”, “stochastic
calculus”, “Financial theory on continuous time” and “Partial
Deferential Equation”. Upon completion of these courses, one should
be competent of performing the required jobs.
Econometrics:
This
concentration is suited for those are interested in pursuing Ph.D.
program, and engage into academia career. The combination of both
theoretical works and empirical studies is essential for a sounded and
rigorous academic project. Theoretical works are built upon the
foundation of economics, which provides thorough logical trainings.
Thus, it is recommended that students take one full year course of
both micro, and macro-economics through the department of economics.
Similarly, empirical studies are built upon the foundation of
statistics, which provides the likelihood of what’s possible and
what’s not; it is recommended that that students take one full year
of “advanced statistics”. In general, both sections utilize
mathematics extensively; rigorous training is vital. Therefore, it is
recommended that students take “calculus B” and “advanced
calculus.” However, these mathematics courses are just paving a way
for Ph.D. program; these trainings do not provide direct and
observable benefit to those who are in under-graduate and MBA.
program. |