What Are the Benefits of Earning a Finance Degree?

If you're thinking of pursuing a finance degree, but you're not sure how you'll fare in the current economy, read on. People who graduate from a finance degree program may have a variety of career options, high salaries and faster-than-average job growth. Discover the benefits of earning a finance degree here. Schools offering Finance degrees can also be found in these popular choices.

Overview of Finance Degree Programs

If you enroll in an undergraduate finance degree program, you'll likely graduate with a bachelor's degree in business administration or a Bachelor of Science in Finance. Most bachelor's degree programs will take at least four years to complete. During that time, you'll take courses in topics such as:

  • Principles of finance
  • Corporate financial management
  • Macroeconomics and microeconomics
  • Banking
  • Investments
  • International business and finance
  • Managerial accounting

Depending on your program, you may engage in summer or semester-long internships at finance-related institutions, such as banks or investment firms. Your program may also allow you to specialize in a certain sub-discipline within the finance field, such as risk management, personal financial planning or financial services.

Important Facts About Financial Careers

Personal Financial Advisor Financial Analyst Budget Analyst
Key Skills Interpersonal, math, sales Detail oriented, decision making, communication Analytical, communication, math
Similar Occupations Real estate broker, insurance sales agent Financial manager, insurance underwriter Cost estimator, tax examiner
Work Schedule Full time, sometimes on weekends and evenings Full time, sometimes after office hours Full time, sometimes overtime and under a deadline
Professional Certification Certified Financial Planner Chartered Financial Analyst Certification Certified Government Financial Manager

Career Variety

If you decide to earn a degree in finance, you'll be qualified for various entry-level positions in business and the government. Depending on your interests and experience, you may choose to pursue a career in financial analysis, economics, accounting, investment banking, real estate, or entrepreneurship. If you work as a financial analyst or financial sales agent, you'll work with stocks, bonds, mutual funds, commodities and other investments. As a personal financial analyst, financial manager or economist, your work will also involve researching tax laws, studying global market trends and preparing individuals' financial reports.

Earn a High Salary

If you enter a finance-related field, you may earn a lucrative salary, even in an entry-level position. The U.S. Bureau of Labor Statistics (BLS) reported that financial analysts earned an average annual salary of $100,990 as of May 2018 (www.bls.gov). Budget analysts earned on average $79,830 per year, while financial sales agents earned on average $98,770, according to that same BLS report. Economists earned an average of $116,020, personal financial advisors earned an average of $121,770 and financial managers earned an average of $146,830. Keep in mind that your entry-level pay may not match these averages.

Moderate to Fast Job Growth

The BLS reports that employment opportunities were expected to grow as fast as average from 2016 to 2026 if you work in a finance-related field, particularly as a financial manager, financial sales agent, economist or financial analyst. Personal financial advisors were expected to see much faster than average job growth (15%) during that period, while budget analysts would see average employment growth (7%).

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:

  • 1. Degree Options:
The schools in the listing below are not free and may include sponsored content but are popular choices among our users. Tuition and costs will vary across programs and locations. Be sure to always request tuition information before starting a program.

Popular Schools

  • Southern New Hampshire University

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  • Northcentral University

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  • Purdue University Global

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      • Bachelor of Science in Accounting
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  • Trident University

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  • Liberty University

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  • Regent University

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  • Strayer University

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  • Florida Tech

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  • Walden University

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