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Finance is the study of resource allocation, that is, the process, markets, institutions, and instruments that facilitate the transfer of money and wealth. This program offers students an opportunity to study the finance function in the business firm, the financial services firm, and the financial system.

The finance major provides students with the theoretical framework and analytical tools and techniques to handle a variety of finance and business functions. The program is designed to prepare a student for financial positions with non-financial corporations, the financial services industry, energy companies, small businesses, and real estate firms.

Additionally, finance majors can specialize further by applying for the Financial Analyst Program (FAP). Students are selected based on a competitive process. This one year program provides an opportunity for a select group of outstanding business students to work closely with finance faculty and MBA fund mangers to develop their skills and experience as analysts. This program may be combined with any of the finance tracks.

Declare This Major

Undergraduates currently enrolled at The University of Texas at Austin who wish to change to a business major need to apply for an internal transfer. Internal transfer applicants are students currently enrolled at The University of Texas at Austin who are seeking to transfer within or into a major in the McCombs School of Business. Find out more about the internal transfer process, including the procedures, requirements to apply, historical summary of acceptance, and additional opportunities.

Prospective University of Texas at Austin students should visit UT Admissions to learn about the application process and how to declare a major.

Required Courses

View the finance degree plan to learn more about the required courses for the finance major.


Finance majors may choose one of seven tracks:

  • Corporate Finance
  • Investment Banking
  • Energy Finance
  • Investment Management
  • Financial Markets/Banking
  • Quantitative or Real Estate
  • General Finance (Students who do not wish to specialize may choose this track)

Specializations appeal to different students based on their interests. For instance, investment banking engages students into a world of valuating, acquiring, and underwriting companies. For those interested in working with SAP, projecting forecasts, and analyzing quarterly earnings, corporate finance appeals to them. In addition to these tracks, finance majors can also apply for the Financial Analysts Program (FAP). The FAP offers students hands-on experience while working closely with finance faculty and professionals.


The typical finance student is very determined, driven, and competitive. Due to the nature of the field, students in finance must have strong quantitative skills and be adept at managing risk. This field is so broad and has so many options, that most students with strong quantitative skills can find a track or specialization that fits them.


  • Analytical skills
  • Ability to adapt to changing conditions
  • Insightful; must examine company's well-being and understand strengths/weaknesses
  • Knowledgeable in theory-to-practice concepts
  • Quantitative reasoning
  • Ability to turn data and raw numbers into projections
  • Ability to stay current with financial market and news

A small sample of directly related careers

Financial Analyst
Stock Broker
Financial Advisor
Financial Examiner
Loan Officer
Budget Analyst

Remember: Your major does not (necessarily) equal your career. View a list of career ideas for any major.