Finance is an area of business focused on managing money. Traditional and online bachelor’s degree programs in finance will give you an overall understanding of money management in various businesses, organizations, and corporations, financial analysis, financial security, portfolio management, personal financing, financial planning, and investments. Earning your bachelor’s degree can lead to a successful career, giving you the knowledge and skills that you can use in your personal life.
Why a Bachelor’s Degree?
Financial degrees are offered at just about every level. While a graduate degree may lead to a management or executive position, the majority of careers in finance require no more than a bachelor’s degree. Therefore, you won’t have to spend the extra time and money on graduate school to be eligible for a large number of financial careers. Furthermore, if you choose from one of the many online finance bachelor’s degree programs, you will be able to earn your degree around your schedule from the comfort of your own home, allowing you to continue working or taking care of your family while attending school. Also, should you choose to pursue higher education in the future, you may be able to use your bachelor’s degree toward a master’s or doctorate program in finance.
Getting Into a Bachelor’s Degree Program
Admissions requirements vary by institution, so you should contact the admissions office at the school of your choice to learn what you need to enroll in the program. The following is a list of some of the most common requirements:
- High school diploma or its equivalent.
- Minimum high school grade point average.
- Passing score on the SAT or ACT.
- Official transcripts for any previous college credits earned.
Inside a Finance Bachelor’s Degree Program
In most cases, a bachelor’s degree in finance can be earned in four years. However, the amount of time it takes you to complete the program depends on several factors, including whether you attend full or part time, your ability to successfully complete each course, whether or not you have to take remedial courses, and the specific requirements of your program. Many schools offer accelerated online bachelor’s degree programs in finance that require you to work at a faster pace, but they allow you to earn your degree in two to three years rather than four.
Your online bachelor’s degree in finance program will require you to complete a certain number of general education courses, such as history, government, and biology. But the majority of your study will consist of courses focusing on topics including principles of investments, decision making in finance, taxation, corporate finance, financial markets, short- and long-term financial management, risk management, financial statement analysis, and financial planning. Assignments can include writing essays and reports, developing financial portfolios, analyzing mock financial statements, and problem solving based on various scenarios. Some programs may require you to complete an internship prior to graduation, allowing you to gain hands-on training in the field.
What’s Next for Finance Bachelor’s Degree Holders?
Earning a bachelors degree in business finance can lead to a number of careers, including a personal financial advisor, financial analyst, and financial examiner. According to the U.S. Bureau of Labor Statistics, personal financial advisors are expected to have a 32% increase in employment from 2010 to 2020 and earn an average of $64,750 a year. Financial analysts earn an average of $74,350 a year and are expected to have a 23% employment increase. Financial examiners have a projected employment growth of 27% and an average income of $74,940 a year. Job availability and income are not guaranteed, and they depend on many factors, such as your location, industry, and amount of experience.
Should you choose to go further with your education, many institutions offer master’s and doctoral programs in finance. In most cases, you will be required to hold a bachelors of business degree in finance from an accredited institution and meet other requirements before being accepted into a program. These degrees can lead to management and executive positions, financial research and development, and academic careers, teaching finance at a college or university.