From helping families build their wealth to managing corporate budgets, financial professionals are needed in a variety of industries. According to the Bureau of Labor Statistics (BLS), jobs in business and financial operations are projected to grow 5% from 2019 to 20291. With a growth rate that's faster than average, careers with a finance degree requirement are in demand for professionals looking to enter this highly competitive field.
Learn how the many pieces of the global economy fit together. Improve your abilities to keep tabs on current events, markets, and business trends. You can develop new skills that help you truly make a difference for your company and in the lives of individuals. Here, we'll explore some of the undergraduate and graduate finance degree programs available and how they can translate into a rewarding career.
What Business Finance Degrees Are Available?
As most businesses, not-for-profits, and government agencies need a growing number of financial professionals, job seekers can find a number of positions with either a bachelor's degree or master's degree. A bachelor's in business administration
can prepare you for a variety of real-world opportunities, but earning a finance-specific degree can better align your skillset with your career goals. Here are some of the degree programs students can choose from:
A bachelor's degree can be the first step in your finance career path. At this level, students learn how to analyze the financial records of institutions and businesses, the basics of personal financial planning, as well as risk management. They also hone skills that apply to most industries and economic sectors, including banking, tax preparation, manufacturing, and more.
A master's degree gives students the tools they need to analyze organization-wide budgets and become integral to the financial growth of a corporation. The focus on accounting skills in this type of graduate program enables students to pursue fresh finance degree jobs, as well as mid-and upper-level positions within their current careers. With a curriculum focused on accounting, this concentration takes an in-depth look at data-driven practices, such as auditing and internal controls, fraud and forensic accounting, and consumer behavior.
A graduate business finance degree combines a focus on leadership with a foundation for career paths in several areas of the economy. Students prepare to analyze and manage budgets for companies and corporations, not-for-profit organizations, and government agencies. Coursework in investments, markets and institutions, and financial planning help prepare students for jobs as actuaries, budget analysts, financial managers, and more.
Benefits of Studying Finance Online
Virtual learning has its perks — especially for working adults looking for a career change or advancement. Flexible scheduling puts students more in control over how and when they learn at any given time. With coursework that's 100% online, students can pursue their aspirations while maintaining their current professional and personal responsibilities.
While pursuing new credentials, students learn from instructors with real-world experience and from each other. Whether your classmates are local or across the globe, learning alongside students with diverse backgrounds, goals, and professional connections can expand your worldview and opportunities for future collaboration.
Jobs for Professionals with Finance Degrees
As the financial landscape evolves, so will the need for professionals who are well-versed in current trends, technologies, and solutions. Explore some of the common career paths for professionals, along with the annual median pay in 2020:
- Personal finance advisers ($89,330)2: Financial advisers help individuals and families manage their wealth and plan for retirement.
- Financial analysts ($83,660)3: Financial analysts guide businesses and individuals by analyzing the necessary costs and potential profits for their ventures.
- Financial examiners ($81,430)4: Financial examiners ensure clients or companies are compliant when it comes to transactions and laws that govern monetary activities.
- Budget analysts ($78,970)5: Budget analysts assist public and private organizations with financial planning, whether company-wide or departmental.
- Accountants and auditors ($73,560)6: These professionals assess financial records, forecast profits, track losses, and create efficiencies for most businesses and organizations.
- Insurance underwriters ($71,790)7: Underwriters evaluate insurance applicants and determine whether to grant approval.
- Tax examiners, collectors, and revenue agents ($55,640)8: On behalf of the government, these professionals establish what is owed in taxes and collect what's due from businesses and individuals.
Earn Your Finance Degree at MVNU
Recognized for learning excellence, Mount Vernon Nazarene University offers several business finance degrees online. Many courses are offered in accelerated formats and all tuition is based on a per-credit, course-by-course structure that allows you to earn your degree on your own timeline. Contact us today for more information.