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What Can You Do with a Finance Degree?

What Can You Do with a Finance Degree

A finance degree can lead to a variety of career opportunities. Many people believe that you have to become a Wall Street banker or work for a large corporation to use your finance degree. This is not the case. There are many different paths you can take with a finance degree. In this blog post, we will discuss some of the other options available to you. We will also talk about the skills you learn in college that can help you in your career. So, what can you do with a finance degree? Let’s find out!

Jobs You Can Get With a Finance Degree

Fintech Business Analyst

The twenty-first century has seen a surge in the number of financial technology—or fintech—companies, thanks to new technologies and consumer demand for transparent products. Fintech encompasses many goods but generally refers to technological solutions that automate and digitize financial services. Fintech firms may offer consumer-facing products like mobile banking apps or digital wallets, or they may develop software for use by other financial institutions.

As a business analyst at a fintech company, you would be responsible for helping the company understand its customers and figure out ways to improve its products. You would need to have strong analytical skills and communicate effectively with both technical and non-technical staff. A fintech Business analyst makes an average salary of $75,436.

Impact Investing Analyst

Impact investing is a type of investment that aims to create social or environmental impact and financial returns. Impact investments can be made in various asset classes, including stocks, bonds, and real estate.

As an analyst in the impact investing space, you would research companies and projects seeking to generate positive social or environmental impact and financial returns. You would need to have strong analytical skills and understand complex economic models. Impact investing analysts make an average salary of $85,000.

Financial Analyst

A financial analyst is someone who provides advice to businesses and individuals who are making investment decisions. They offer recommendations based on their analysis of the risk and reward involved in different investments, such as bonds, stocks, and other securities. Financial analysts typically have a background in accounting or finance, and they use this knowledge to help their clients make informed decisions about where to invest their money.

As a financial analyst, you would be responsible for analyzing financial data and making recommendations to your company or clients. Financial analysts earn an average salary of $85,660.

Commercial Banker

A commercial banker helps clients with their financial needs. This can include working with small businesses to help them get loans, lines of credit, and other financial products that they need. Commercial bankers may also work with larger businesses to help them with more complex financial needs.

As a commercial banker, you would be responsible for providing banking services to businesses. Commercial bankers may also be responsible for managing a portfolio of loans and keeping up with changes in the market. Commercial bankers make an average salary of $75,110.

Grants Analyst

A grants analyst is responsible for reviewing, analyzing, and evaluating the grants budget process to ensure compliance with generally accepted accounting principles, standards, and procedures. A grants analyst may also use computer software programs to produce multiple technical reports.

You would need to have strong analytical skills and understand the grant-making process. Grants analysts make an average salary of $60,000.

Financial Advisor

A financial advisor is a professional who provides financial advice to clients. Financial advisors typically work for banks, investment firms, or insurance companies.

As a financial advisor, you would be responsible for providing financial advice to clients. This would involve helping them choose investments, plan for retirement, and manage their finances. You would need to have strong interpersonal skills and understand the financial needs of individuals. Financial advisors make an average salary of $90,640.

Accountants and Auditors

Accountants prepare financial documents and track a company’s day-to-day bookkeeping. They also prepare and file tax forms. Auditors verify the accuracy of financial statements and tax filings and may investigate why some figures don’t match up.

In addition, accountants and auditors may provide advice on financial planning, such as budgeting and investing. Accountants and auditors make an average salary of $69,350.

Financial Manager

Finance Managers are responsible for overseeing end-to-end finance operations, financial planning and analysis, balance sheet reconciliations, and making improvements to procedures and controls. They may also be responsible for special projects and requests as they come up.

As a financial manager, you would be responsible for managing the finances of your company or organization. You would need to understand complex financial data. Financial managers make an average salary of $109,740.

Actuary

The Actuarial profession plays a critical role in helping companies and governments plan for financial risks and manage their finances. By estimating the probability and potential costs of future events, they provide insurance customers with the ability to reduce their risk of losses. They use a variety of mathematical models to do this. Actuaries make an average salary of $102,880.

Salaries for Finance Jobs

The average salary for a finance job is $75,110. The highest-paid finance jobs are financial managers, who make an average salary of $109,740. The lowest-paid finance jobs are grants analysts, who make an average salary of $60,000.

Why Get a Finance Degree?

A finance degree can lead to a variety of exciting and rewarding careers. If you are interested in working in the financial sector, a finance degree is a great way to get started. With a finance degree, you can work as a commercial banker, grants analyst, financial advisor, accountant, or auditor. You can also become a financial manager or actuary. With a finance degree, you can pursue various exciting and rewarding careers.

Finance Degrees: Bachelor’s, Master’s, and Online Degrees

Bachelor’s Degrees in Finance

A bachelor’s degree in finance or a similar discipline is a necessary stepping stone to many financial occupations. Undergraduate finance courses generally cover accounting, microeconomics, macroeconomics, and statistics. Some programs may require calculus or other mathematics.

Master’s Degree in Finance 

A master’s in finance will complement your financial knowledge. Financial modeling, data analytics, pricing theory, and economic ethics are examples of coursework that may be covered in a master’s in business administration program. A master’s in finance might not be necessary for entry-level jobs, but it can improve your earning potential and prepare you to take on more responsibility.

Doctorate Degree in Finance

A Doctorate Degree in Finance is the highest level of academic achievement in the field of finance. Students who pursue this degree gain an in-depth understanding of financial theory and practice. A Ph. D. in Finance is the most research-oriented of the finance doctoral degrees. Students in this program take advanced coursework in finance and economics, and complete a dissertation on a topic related to finance. Ph. D. students typically go on to careers in finance academia or financial research.

Many colleges and universities offer PhDs in finance. To find a finance program that meets your needs, search for programs online or contact your local community college or university.

Earning Your Finance Degree Programs Online

An online finance degree program is a flexible and convenient way to earn your finance degree. With an online program, you can complete your coursework at your own pace and from the comfort of your home. Online finance degrees are available at the bachelor’s, master’s, and doctoral levels. With an online finance degree, you will be prepared for various challenging and rewarding careers in the financial sector.

FAQ’s

What is the difference between a bachelor’s and a master’s in finance?

A bachelor’s degree in finance is typically a four-year degree that covers the basics of financial analysis and decision-making. A master’s degree in finance is a two-year degree that builds on the knowledge learned in a bachelor’s degree program and typically provides more advanced training in financial analysis and decision-making.

What is the difference between an online finance degree and a traditional one?

An online finance degree may have a more flexible schedule and may offer a variety of courses that a traditional finance degree program may not offer.
However, there are several reasons why an offline finance degree may be better than an online finance degree. One reason is that an offline finance degree may offer more opportunities to network with other finance professionals. Additionally, an offline finance degree may offer more hands-on learning opportunities, such as internships or externships.

What is the difference between a doctorate in finance and a Ph.D. in finance?

A doctorate in finance is a professional degree that prepares students for careers in finance, such as investment banking, financial planning, and corporate finance. A Ph.D. in finance is a research degree that prepares students for careers in academia, government, or financial research.

Conclusion

In conclusion, there is much to gain from choosing a career path in finance. Minus a rewarding pay package, career options in finance can be very fulfilling for those passionate about it. We hope the contents of this article answer any questions you may have had.

Helen Vlasova
Helen is the co-founder of admissionsly.com, a career guidance website for students and young professionals. She has a degree in English from the University of Michigan. In her free time, she enjoys spending time with her family and friends, reading, and traveling.

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