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Updated in [June 30th, 2023]

The University of Michigan's six-week course, Finance for Everyone: Smart Tools for Decision-Making, provides students with the tools to take control of their finances. Through this course, students will gain an understanding of how the financial world works and develop frameworks to help them make everyday financial decisions. Topics covered include the Time Value of Money, smarter budgeting and financial planning, and the complex world of stocks and bonds. Students will also learn the benefits and drawbacks of taking a loan, how to simplify complex financial decisions, and how to effectively plan and allocate scarce financial resources. This course is suitable for anyone interested in improving their financial literacy and learning how to think clearly about important financial decisions.

[Applications]
Upon completion of this course, participants will be able to apply the concepts of the Time Value of Money, budgeting, and stocks and bonds to their own financial decisions. They will be able to make smarter financial decisions and understand the implications of their choices. Additionally, they will be able to use the frameworks and tools they have learned to evaluate different types of loans, decide whether to rent or buy, and decide whether to go to university.

[Career Paths]

Job Position Path: Financial Analyst



A Financial Analyst is a professional who provides financial advice and analysis to businesses and individuals. They are responsible for researching and analyzing financial data, developing financial models, and making recommendations based on their findings. Financial Analysts typically work in the banking, investment, and insurance industries. They may also work in the public sector, providing financial advice to government agencies. Financial Analysts must have a strong understanding of financial markets, economics, and accounting principles. They must also be able to interpret and analyze financial data and make sound decisions.

The development trend of Financial Analysts is that they are increasingly being asked to provide more comprehensive advice and analysis. This includes providing advice on investments, taxes, and other financial matters. Financial Analysts must also be able to use technology to analyze data and make decisions. As technology advances, Financial Analysts must be able to use the latest tools and software to make informed decisions. Additionally, Financial Analysts must be able to communicate their findings and recommendations to clients in a clear and concise manner.

[Education Paths]

Educational Path:


The recommended educational path for learners of this course is to pursue a degree in finance. This degree will provide learners with a comprehensive understanding of the financial world, including the principles of financial management, investments, and financial markets. It will also equip learners with the skills to analyze financial data, develop financial strategies, and make informed decisions. The degree will also cover topics such as taxation, accounting, and economics.

The development trend of finance degrees is to focus on the application of financial principles in the real world. This includes topics such as financial technology, risk management, and financial planning. Additionally, the degree will also cover topics such as financial regulation, corporate governance, and international finance. This will enable learners to gain a comprehensive understanding of the financial world and the ability to make informed decisions.