Finance Bachelor's Degree Program
Find tips for choosing a bachelor's degree program in finance. Learn about typical courses, along with salary and employment outlook information for careers in the field. Schools offering Accounting & Finance degrees can also be found in these popular choices.
How Can I Find a Bachelor's Degree Program in Finance?
To locate a suitable bachelor's degree program, the Association to Advance Collegiate Schools of Business (AACSB) maintains an online directory of schools accredited for degree-granting programs in business and accounting (www.aacsb.edu). You may also want to access the online, searchable database maintained by the National Center for Education Statistics (NCES). A search through the NCES database yields a list of over 500 schools that offer bachelor's degree programs in finance (www.nces.ed.gov).
|Degree Availability||Over 500 finance bachelor degree programs are available to enroll in|
|Common Courses||Taxation, estate planning, accounting, valuation, investments|
|Learning Environment||Traditional classroom and fully online programs are available|
|Possible Careers||Financial manager, personal financial advisor, financial analyst|
What Are Some Program Specifics?
Finance degree programs can take four years to complete and may result in a Bachelor of Science, Bachelor of Science in Business Administration or a Bachelor of Business Administration, with an emphasis on finance. Through electives, you may have the opportunity to specialize in a specific area of finance, such as financial management, financial planning or financial analysis.
If you hold an associate's degree or the equivalent number of course credits, you may qualify for a degree-completion program. Degree-completion programs can take 18-24 months to complete, consist entirely of upper-level courses and culminate in a bachelor's degree. A degree-completion program might be of interest to you if you already hold a position in finance and want to enhance your chances for job mobility or advancement.
Typical courses in a finance bachelor's degree program can include financial principles, investments, financial accounting, macroeconomics, estate planning, taxation, valuation and capital markets. You may also have the opportunity to serve a supervised internship or practicum at a school-approved bank, government agency or business firm. Internships can take place over the course of a semester or a summer session.
What Are My Online Options?
Schools may offer you the chance to complete an entire bachelor's degree program or degree-completion program online. If the program contains an internship, you must complete that component in person. In addition to having a computer with high-speed Internet access, a modern browser and operating system, some schools may require you to download their own course management system in addition to program- or course-specific hardware.
What Is the Occupational Outlook?
According to the U.S. Bureau of Labor Statistics (BLS), many professional financial analysts, advisers or managers hold a master's degree (www.bls.gov). The BLS also states that the minimum qualification for such a position is a bachelor's degree in an area such as finance, accounting, economics or business.
In 2014, the BLS projected that employment for individuals working in finance would increase over the period 2014-2024. Opportunities for personal financial advisors would rise 30%, while openings for financial analysts would increase 12% over the same decade. Further, job prospects for financial managers were expected to increase seven percent, which is average for all occupations.
BLS salary statistics from 2014 determined that the median salary for personal financial advisors was $81,060. Financial analysts made a median wage of $78,620, while the median earnings for financial managers were $115,320.
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