Career & Technical Education - Finance in Tennessee
The Finance Cluster prepares learners for careers in
financial and investment planning, banking, insurance and business
financial management. Career opportunities are available in every sector
of the economy and require specific skills in organization, time
management, customer service and communication.
The finance and insurance industry is projected to increase
by 9 percent from 2013 to 2020, resulting in 505,100 new jobs.
Employment in accounting, auditing, financial analysis, securities, and
other financial investments and related activities is expected to expand
25 percent by 2020. Growth will be driven by the wide range of
financial assets available for trade, the number of baby boomers
reaching retirement age and therefore seeking advice on retirement
options, and the globalization of securities markets. Employment in
credit intermediation and related activities, an industry that includes
banks, is projected to grow by about 3 percent. Almost 6% of the total
working US population is working in finance, real-estate, and insurance.
In the Banking and Finance program of study, students
gain an understanding of the banking and financial industries, beginning
with basic economics as the underlying basis of the transfer and growth
of money in the financial services system. Content in this POS covers
business principles, accounting, and bank services management, ranging
from traditional means (savings and loans, credit unions, and local
banks) to newer ventures (insurance companies, brokerage houses, and
internet-based services). Upon completion of this program of study,
students will have gained the skills and knowledge to pursue careers in
the various fields of this industry or continue on to postsecondary
study.
The Accounting program of study encompasses careers that
record, classify, summarize, analyze, and communicate a business’s
financial information and business transactions for use in management
decision-making. Accounting includes such activities as bookkeeping,
systems design, analysis, and interpretation of accounting information.
Upon completion of this program of study, students will have achieved
the academic knowledge and skills required to pursue the full range of
career and postsecondary opportunities available within this industry.
The Financial Planning program of study includes the
study of how business financial services function in a company to make
policy and strategy for (and the implementation of) capital structure,
budgeting, acquisition and investment, financial modeling and planning,
funding, dividends, and taxation. Course content includes legal and
ethical issues, the examination of investment opportunities, retirement
plans, and plans for administering disposition of estate property. Upon
completion of this program of study, students will be equipped with the
knowledge and skills required to pursue career and postsecondary
opportunities in wealth management, financial consulting, and related
fields.
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