Finance Should Be A Required Class by Chloe

Finance Should Be A Required Class by Chloe - January 2023 Scholarship Essay

Finance is a crucial subject that should be required for all students, regardless of their intended career path. At its most basic level, finance is the study of how individuals and organizations manage their money. It involves understanding financial concepts, financial institutions, and financial markets. In today's world, financial literacy is more important than ever before, and a required finance course would ensure that all students have a basic understanding of these important concepts.

There are several reasons why finance should be a required class. First and foremost, financial literacy is essential for personal financial management. Every adult needs to be able to manage their own finances in order to make informed financial decisions. This includes things like creating and sticking to a budget, saving for the future, and understanding the terms of loans and credit. Without a basic understanding of finance, individuals may find themselves making poor financial decisions that can have long-term consequences, such as accumulating excessive debt or failing to save enough for retirement. A required finance course would provide students with the tools and knowledge they need to make informed financial decisions throughout their lives.

In addition to personal financial management, a basic understanding of finance is also necessary for success in the professional world. Regardless of their chosen field, all professionals need to be able to make informed financial decisions that impact their organization. This includes understanding financial statements, interpreting financial data, and making informed investment decisions. A required finance course would provide students with the skills and knowledge they need to succeed in the professional world, regardless of their specific career path.

Finance is also a rapidly changing field, and a required finance course would ensure that students are up to date on the latest developments and trends in the field. Financial technologies, such as cryptocurrencies and robo-advisors, are revolutionizing the way we think about and manage our money. A required finance course would ensure that students are aware of these developments and are able to understand and adapt to them as they enter the professional world.

In conclusion, finance is a crucial subject that should be required for all students. It is essential for personal financial management and success in the professional world, and it is a rapidly changing field that requires ongoing learning and adaptation. A required finance course would ensure that all students have the knowledge and skills they need to make informed financial decisions throughout their lives.