Why finance degree

A bachelor's degree in finance will prepare you for entry-level work in the finance field, whereas a master's degree in finance or a doctorate degree in finance will make you better suited for management or instructor roles in this field. Listed below are the three main types of finance degrees you can pursue:.

This degree takes four years to complete and prepares you with the basic fundamentals you will need as a finance professional. While a bachelors degree in finance will build upon your finance skills, you will also be taught leadership and communication skills to fully round out your abilities. For many entry-level positions in the finance world, a bachelor's degree in finance or a similar business degree is required to even be considered. A bachelor's degree will prepare you with the basic foundation you will need in order to succeed in a finance career.

Obtaining your bachelor's degree in finance also allows you to further your education to advance your career later on if you choose to do so. This degree takes two years to complete and expands upon the fundamentals of finance by focusing on specialized areas of finance.

If you really want an advantage on your competition in the finance job market, a master's degree in finance will set you apart from your bachelor's degree counterparts. A master's degree in finance will better prepare you specific areas within the finance field such as trading, investments or risk management positions.

A doctorate degree in finance takes an additional four to five years to complete, after obtaining your bachelor's and master's degrees. If you are seeking an instructional or research-based position in finance, a doctorate degree in finance will best serve you.

While you will be prepared for any role within the finance field, many who choose to pursue a doctorate degree in finance are interested in selective research or instructional roles.

Careers in finance are often a popular choice in that they can offer a high paying position shortly after completing your degree. The different opportunities for working within the finance field are vast, with a multitude of specialties to choose from.

Depending on your level of education and specific interests, there is a finance career for you. A career in commercial banking provides a variety of financial services such as savings accounts, checking accounts and multiple loan options.

If you are considering a career in finance as a financial manager, budget analyst, or one of the other jobs for finance majors, you may be wondering: what goes into a finance degree, and what is the job outlook for me once I graduate? What can you do with a finance degree? Editorial Listing ShortCode:. The Bureau of Labor Statistics shows that the field is growing rapidly, and finance professionals enjoy fairly high salaries. This is faster than the average for all jobs. No matter if you have a BA Finance vs BS Finance , or what your job title or specialty is, an on-campus or finance online degree may connect you with outstanding job opportunities and job security.

The job security is partly because finance is such a specialized, narrow field. Graduates may perform many different functions, but each requires a laser focus on the tasks and procedures you will learn in school.

As you advance at a company, your value may become greater as your level of specialized knowledge also grows. If you already have a business background, working as a financial analyst may be a perfect fit. Most employers want you to have at least 5 years of experience in a related field as well as your degree.

Since business administrators have so many different functions, they are often pulled in different directions during a workday. With financial degrees and jobs, you may focus on creating budget reports, analyzing spending, advising clients, or managing the finances of a department or corporation. If you major in finance, you may also be entering a field that has a much higher growth rate than many other business and related careers.

Accounting is often a gateway for those who want a career in finance. But the advantage over being an analyst or manager, rather than an accountant, is more career mobility. You may have a narrow focus but will not be locked into a single endeavor or workflow. The reasons below touch on areas that are going to emphasize perks for the career-driven individual who is looking to implement exciting changes to their life in beneficial ways. A finance degree allows you to work with the decision makers of outside organizations.

Examples of these organizations include: banks, government agencies, stockholders, suppliers, businesses, and more. Being able to distinguish yourself with a finance degree will help you when searching for jobs, especially from a large number of business majors. Anyone can get a business degree or do accounting, but in order to be in a finance career you must be outgoing and inquisitive. Therefore education, intelligence, and personality are all taken into account for finance jobs.

For example, careers in financial analysis are to grow by 23 percent, financial management by 14 percent, and financial advising by 32 percent. The opportunities will continue to present themselves as the economy continues to recover. Lucia St. Maarten St. Thomas, V. Are you serving in the U. Immigration Status. I am a non-immigrant to the U. I plan to come to the U. I plan to study online from outside the U. Primary Phone. Step 1 of 3. In submitting my contact information, I understand that I will receive phone calls, text messages and email about attending Franklin University.

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