[Python49]

Well as some of you know i'm taking a corporate finance course in school and it's been kicking my ass. A combination of me thinking this was another one of those courses I could cruise through and get an A while not keeping up when I should have, and the fact that my professor is a really bad teacher. He just goes by the book basically so if you don't understand the book you're in trouble... and this book doesnt make it easy to understand. I'm sure some of you could probably sit with me for 30 seconds and explain to me some of this stuff.

Well anyway, I have 2 questions, my first question has to do with the fact that even though i'm going to be able to get a B in this course when I really failed (some sick grade curving he's done for the class) I am worried though that by not understanding this material, I may be screwed when I get out into the real world.

1) I wanted to ask some of you who are already out in the real world how crucial you think corporate finance is to jobs that people would get with a business major? I'm told that for stuff like day trading and MGMT consulting you don't really have to understand the actual computations of stuff like Supernatural Growth Formulas, Dividend Growth, IRR/ARR's, etc.. since alot of what you need to know is learned on the job anyway.

Heres an example of the type of stuff I don't understand so you can tell me if this is very important to success in this field, all these formulas give me a headache.

WACC = (E/V) × RE + (D/V) × RD × (1 - TC)
Bond value = [ C × (1 - (1 + YTM)-n)/YTM ] + [ F (1 + YTM)-n]
Fisher Effect: 1 + R = (1 + r) (1 + h) & R ˜ r + h

Future/Present Value of multiple cash flows

Common stock growth formulas, (1 + R) = (D1 + P1) / P0 and P0 = (D1 + P1) / (1 + R)

Computations of these formulas is stuff that even if I some how plug the correct # in somewhere, i'm not fully understanding what's going on anyway so what good is it if I wouldnt be able to apply it.

I understand simple stuff like having a Net Present Value > 0 is good and would be a good investment, stuff like sunk costs, its just the actual computation of alot of this stuff i'm not getting.

2) My second question is.... if I were to switch majors to Small businesses and Entreprenuership, would certain job opportunities be open to me as they would had I majored in finance? I guess im asking, if I major in small businesses, would this mean all I can do is work on starting my own business... or what other opportunities come with this concentration. What type of person would this concentration be ideal for? If I want to get into possibly real estate, investing, my own business, etc... would this be an ok major? I assumed finance was best for this type of thing, but wasn't sure what jobs are only open to finance and if i'd be interested in those jobs anyway.

Figured i'd ask people who are out in the corporate world and see with their own eyes what goes on. Would anyone suggest going back and taking this course again so I can understand it?