Online Bachelor's Degree in Corporate Finance
Read about how online bachelor's degree programs in corporate finance work, and find out what courses you could take. Learn what careers you could pursue, and review the licensure and certification requirements for financial professionals, as well as get job outlook and salary info for financial analysts and managers. Schools offering Accounting & Finance degrees can also be found in these popular choices.
Why Should I Consider an Online Bachelor's Degree Program in Corporate Finance?
Just as a finance specialist works to advise individuals about wise investment planning and policy, a corporate finance specialist performs these functions and possibly more for a company. According to the U.S. Bureau of Labor Statistics (BLS), you'll need at least a bachelor's degree in order to secure a position as a financial analyst or financial manager (www.bls.gov).
One of the biggest advantages to an online bachelor's degree program in corporate finance is its flexibility. You may have the option of completing the requirements entirely online or in a hybrid program of online and on-campus courses. In conjunction with your faculty advisor, you may have the opportunity to customize your program through the use of elective courses. Your degree might emphasize corporate finance or a specific area of corporate finance that interests you, such as corporate accounting, financial analysis or financial management.
The BLS further notes that more and more positions in corporate finance call for a master's degree. Therefore, a bachelor's degree can allow you entry into the field, prepare you for an advanced degree or pave your way for upward mobility. Some schools may even offer you the chance to enroll in an online bachelor's degree/master's degree program.
|Program Interests||Corporate finance, financial analysis, financial management, corporate accounting|
|Common Courses||Tax planning, business policy and strategy, corporate finance, investment management, accounting|
|Certification Options||Certified public accountant (CPA), chartered financial analyst (CFA), certified management accountant (CMA)|
|Job Outlook (2014-2024)||12% (for financial analysts) and 7% (for financial managers)|
|Average Salary (2014)||$92,250 (for financial analysts) and $130,230 (for financial managers)|
Source: U.S. Bureau of Labor Statistics
What Are Some Program Details?
Depending on whether you participate on a part-time or full-time basis, it may take you more than four years to finish your degree requirements. Completion can lead to a Bachelor of Science in an area such as financial management, financial accounting or finance with an emphasis on corporate finance. Because this is a degree program, you'll be required to complete a specified number of general education courses.
Some typical core courses you may encounter include insurance and income tax planning, mergers and acquisitions, business policy and strategy, corporate finance, investment management, quantitative analysis, accounting, financial planning and sources of capital. You may be required to complete a capstone project, demonstrating your ability to apply theory to practice. Some schools also offer internships. Internships must be served in person at a school-approved company or institution.
What Are Some Certification or Licensure Requirements?
The BLS states that depending on your work, you may be required to hold a license issued by the Financial Industry Regulatory Authority (FIRA). Some financial management positions may call for you to hold a Certified Public Accountant (CPA) license.
While not officially required in most cases, professional certification can attest to your competence, enhance your standing in the profession and help advance your career. Two examples of certifications are chartered financial analyst (CFA), offered by the CFA Institute and certified management accountant (CMA), offered by the Institute of Management Accountants.
What Are Some Employment and Wage Projections?
The BLS projected that from 2014-20124, employment opportunities for financial managers and financial analysts would increase by seven percent and 12%, respectively. Corporate policy, and even government finance policy, has become more unpredictable due to the unique monetary phenomena linked to globalization. The disparity between the two increases may be due to the need for more analysts specializing in specific areas of finance. A number of financial analysts often work with a financial manager in order to determine overall corporate strategies.
In 2014, the BLS determined the mean annual wage of all financial analysts and financial managers, taking into consideration levels of education and experience. The mean annual wage for financial analysts was determined to be $92,250, while that for financial managers was determined to be $130,230.
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