Online Bachelor's Degree in Financial Management
Financial management studies explore areas of investment, economics, accounting and banking. Learn about business bachelor's degrees, online course topics, career salary information and professional certifications. Schools offering Financial Management degrees can also be found in these popular choices.
Why Should I Pursue an Online Bachelor's Degree Program in Financial Management?
The primary advantage of earning an online bachelor's degree in financial management is that it can offer increased career opportunities in a convenient format. The U.S. Bureau of Labor Statistics (BLS) notes that while many employers prefer applicants who hold a master's degree, obtaining a bachelor's degree is the minimum requirement for most careers in financial management (www.bls.gov).
The BLS also states that, for some positions, related work experience may be more important than an advanced degree. For example, utilizing your bachelor's degree and gaining experience as a loan officer at a bank can increase your chances of receiving a promotion to branch manager.
|Degree Type||Bachelor of Science or Bachelor of Business Administration|
|Common Courses||Credit analysis, financial accounting, money and banking, principles of finance, investment planning|
|Job Growth Projections (2014-2024)||7%* (for financial managers)|
|_Median Salary||$115,320* (for financial managers)|
|_Certification||There are several options to obtain certification, first by passing the CTP, CMA, or CFA exams.|
Source: Bureau of Labor and Statistics
What Can I Expect in a Program?
Most programs award a Bachelor of Science or Bachelor of Business Administration. Depending on school policy, you may have the option of pursuing a program as a full- or part-time student. This allows you to set your own schedule, as well as continue working while pursuing your degree.
You may have the opportunity to complete an internship in finance with an independent, school-partnered institution or at your place of employment. Some businesses or organizations also offer in-house programs, which offer academic credit you can apply toward your degree.
Typical core courses for online bachelor's degree programs in finance management cover topics similar to the following:
- Money and banking
- Credit analysis
- Financial accounting
- Principles of finance
- Investment planning
- Real estate investments
- International finance
- Finance modeling
What are Some Occupation Projections?
The BLS projected employment opportunities for financial managers would increase seven percent from 2014-2024. The increase is due in part to the globalization of finances and the change in regulatory practices of the industry. In 2014, the BLS determined the median annual salary for financial managers was $115,320. However, your salary may vary based on experience, education and the industry where you work.
You may also consider increasing your career options by obtaining certification. With a bachelor's degree and work experience, you can prepare to sit for the Certified Treasury Professional (CTP), Certified Management Accountant (CMA) or Chartered Financial Analyst (CFA) exam.
To continue researching, browse degree options below for course curriculum, prerequisites and financial aid information. Or, learn more about the subject by reading the related articles below: