Financial managers have the primary responsibility for acquiring funds (cash) needed by a firm and for directing those funds into projects that will maximize the value of the firm for its owners. The field of financial management1 is an exciting and challenging one, with a wide range of rewarding career opportunities in the fields of corporate financial management, investment banking, investment analysis and management, portfolio management, commercial banking, real estate, insurance, wealth management, and the public sector to name only a few broad areas.
Articles appear regularly in the major business periodicals, such as The Wall Street Journal, Business Week Fortune, Forbes, and Dunn’s, describing financial managers’ involvement in important and challenging tasks. Consider, for example, the options facing General Motors’ management in late 2001 when it was deciding whether to sell its Hughes Electronics unit (owner of DirectTV) to Charlie Ergen’s EchoStar Corporation (DISH Network) or Rupert Murdoch’s News Corporation (parent of Fox Network). EchoStar offered a substantial premium in the $31.4 billion deal, but the EchoStar proposal was likely to face close antitrust scrutiny. Also, the financing for the EchoStar transaction was less certain than that for the News Corp. offer. GM eventually decided to sell Hughes to the News Corp.
Think about the challenges facing airline executives in the aftermath of the September 11, 2001, terrorist attacks on New York and Washington. In the face of falling passenger load factors, should an airline cut service as Delta, US Airways, United, American, and most other major airlines did or should the airline view this as an opportunity to expand and gain market share as the financially strong Southwest Airlines did? Think of being the portfolio manager who bought a major stake in Krispy Kreme Corporation in April 2000 when the stock first went public at $21 per share.
One year later, the stock was selling for more than $100 per share. Is this the time to take profits for your clients, or is this the time to hold on to the stock, or even expand your holdings? Any business has important financial concerns, and its success or failure depends in a large part on the quality of its financial decisions. Every key decision made by a firm’s managers has important financial implications.Managers daily face questions like the following:
This text presents an introduction to the theory, institutional background, and analytical tools essential for proper decision making in these and related areas. As a prospective manager, you will be introduced to the financial management process of typical firms. By learning how the financial management process works, you will establish one of the key building blocks for a successful management career.
Financial Management Related Interview Questions
|Financial Planning Interview Questions||Financial Accounting Interview Questions|
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|Financial Statement Interview Questions||Corporate Finance Interview Questions|
|Financial Analyst Interview Questions||Financial Services Interview Questions|
Financial Management Tutorial
The Role And Objective Of Financial Management
The Domestic And International Financial Marketplace
Evaluation Of Financial Performance
Financial Planning And Forecasting
The Time Value Of Money
Risk And Return On At&t Common Stock
Fixed-income Securities: Characteristics And Valuation
Common Stock: Characteristics,valuation, And Issuance
Capital Budgeting And Cash Flow Analysis
Capital Budgeting: Decision Criteria And Real Option Considerations
Capital Budgeting And Risk
The Cost Of Capital
Capital Structure Concepts
Capital Structure Management In Practice
Working Capital Management
The Management Of Cash And Marketable Securities
Management Of Accounts Receivable And Inventories
Lease And Intermediate-term Financing
Financing With Derivatives
Internationan Financial Management
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