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Finance - (Bachelor of Commerce) - header image

What are my career options?

As a Murdoch Finance graduate, your employment outlook is promising, especially if you combine it with other disciplines. Depending on which skill combinations or specialisations you have, your Murdoch degree may lead you towards work and study opportunities in a number of areas. The following are some professions to consider.

Professions What they do
Financial Analyst Financial Analysts, also called securities analysts and investment analysts, work for banks, insurance companies, mutual and pension funds, securities firms, and other businesses, helping these companies or their clients make investment decisions. Financial Analysts read company financial statements and analyse commodity prices, sales, costs, expenses, and tax rates in order to determine a company’s value and to project its future earnings. They often meet with company officials to gain a better insight into the firm’s prospects and to determine its managerial effectiveness. Usually, Financial Analysts study an entire industry, assessing current trends in business practices, products, and industry competition. They must keep abreast of new regulations or policies that may affect the industry, as well as monitor the economy to determine its effect on earnings.
Financial Manager Financial Managers direct bank branches and departments, resolve customers’ problems, ensure that standards of service are maintained, and administer the institutions’ operations and investments.
Credit Manager Credit Managers oversee the firm’s issuance of credit, establishing credit-rating criteria, determining credit ceilings, and monitoring the collections of past-due accounts. Managers specialising in international finance develop financial and accounting systems for the banking transactions of multinational organisations.
Trust Officer Trust Officers manage a variety of assets that were placed in trust with the bank for other people or organisations; these assets can include pension funds, school endowments, or a company’s profit-sharing plan. Sometimes, Trust Officers act as executors of estates upon a person’s death. They also may work as accountants, lawyers, and investment managers.
Management Accountant Management Accountants are employed by private companies and are part of executive teams involved in strategic planning or the development of new products. They analyse and interpret the financial information that corporate executives need in order to make sound business decisions. They also prepare financial reports for other groups, including stockholders, creditors, regulatory agencies, and tax authorities. Within accounting departments, Management Accountants may work in various areas, including financial analysis, planning and budgeting, and cost accounting.
Internal Auditor Internal Auditors examine and evaluate their firms’ financial and information systems, management procedures, and internal controls to ensure that records are accurate and controls are adequate to protect against fraud and waste.
Forensic Accountant Some Public Accountants specialise in Forensic Accounting—investigating and interpreting white-collar crimes such as securities fraud and embezzlement, bankruptcies and contract disputes, and other complex and possibly criminal financial transactions, including money laundering by organised criminals. Forensic Accountants combine their knowledge of accounting and finance with law and investigative techniques in order to determine whether an activity is illegal. Many work closely with law enforcement personnel and lawyers during investigations and often appear as expert witnesses during trials.
Cash Manager Cash Managers monitor and control the flow of cash receipts and disbursements to meet the business and investment needs of the firm. For example, cash flow projections are needed to determine whether loans must be obtained to meet cash requirements or whether surplus cash should be invested in interest-bearing instruments. Risk and insurance managers oversee programs to minimise risks and losses that might arise from financial transactions and business operations undertaken by the institution. They also manage the organisation’s insurance budget.
Monetary / Financial Economist Monetary Economists or Financial Economists, who study the money and banking system and the effects of changing interest rates. International Economists study international financial markets, exchange rates, and the effects of various trade policies such as tariffs.
Public Finance Economist Public Finance Economists are involved primarily in studying the role of the government in the economy and the effects of tax cuts, budget deficits, and welfare policies.
Securities, Commodities and Financial Services Sales Agent Securities, Commodities, and Financial Services Sales Agents, who make up the majority of sales positions in banks, sell complex banking services. They contact potential customers to explain their services and to ascertain the customer’s banking and other financial needs. They also may discuss services such as deposit accounts, lines of credit, sales or inventory financing, certificates of deposit, cash management, or investment services. These sales agents also solicit businesses to participate in consumer credit card programs. At most small and medium-size banks, however, branch managers and commercial loan officers are responsible for marketing the bank’s financial services. This has become a more important task in recent years.