What Can You Do With A Finance Degree? 2025 Costs, Requirements & Job Opportunities

Co-Founder and Chief Data Scientist

Degrees in business, like finance, rank among the top choices for undergraduates in the U.S., and pursuing a finance degree stands out as a lucrative and strategic investment in your educational journey. Leveraging my extensive background as a career planning expert with over ten years of experience, I have curated vital industry data and academic insights about the nuances of getting a finance degree. In this guide, I discuss program specifics, admission requirements, financial aid options, and potential career paths to assist prospective students in their decision-making process. Furthermore, I have suggested a list of the finest finance degrees to guide you as you select a program that aligns with your academic aspirations and future goals in this field.

What are the benefits of getting a degree in Finance?

Finance is a globally recognized field, and a finance degree provides a foundation for understanding international financial markets, regulations, and economic trends.
The skills gained in a finance program are transferable across various industries, enhancing career adaptability and versatility.
Graduates of this degree can earn anywhere from $70,000 to $150,000 each year, providing a competitive salary range that reflects the lucrative nature of career opportunities in finance.

What can I expect from a Finance degree?

Gaining a degree can equip students with beneficial skills such as accounting, analytical thinking, evaluating performance, and understanding investing concepts (Doyle, 2021). There are associate, bachelor’s master’s, doctorate, and certificate programs that students can achieve in finance. Throughout my research, I discovered that these are what most students encounter throughout their program:

Learning fundamental and advanced business practices
Utilizing technology in business analysis and operations
Flexibility of learning in-person, online, or in hybrid mode
Analyzing case studies and developing and testing theoretical models
Collaborating with instructors and classmates from different backgrounds
Discussing economic theories, mergers and acquisitions, and international markets
Connecting with various networks through internships, workshops, or conferences

Where can I work with a Finance degree?

Based on several comprehensive industry reports, students with finance degrees can work in several industries due to the versatility of their skills and capabilities. Some places of employment are:

Banks
Investment firms
Corporate finance
Government agencies
Financial consulting
Entrepreneurship
Financial technology

To give a clearer example, data from the U.S. Bureau of Labor Statistics (2023a) show that most personal financial advisors (63%) were employed in securities, commodity contracts, and other financial investments and related activities. Meanwhile, only 17% worked in credit intermediation and related services, and 12% were self-employed. Furthermore, those who have doctorates in finance may pursue roles in research or the academe or move up to top positions in corporations or enterprises. This emphasizes the wide range of roles that finance degree students can assume after graduation.

How much can I make with a Finance degree?

In my in-depth exploration of finance degrees, I found that graduates of typically pursue roles as personal financial advisors or securities, commodities, and financial services sales agents. According to the latest data from the BLS, these jobs present the following income ranges:

Personal Financial Advisors:

Mean Annual Wage: $137,740
10% percentile: $46,700
90% percentile: $165,590

Securities, Commodities, and Financial Services Sales Agents:

Mean Annual Wage: $100,740
10% percentile: $40,200
90% percentile: $189,620

Keep in mind that graduates may land similar jobs in different fields, each with its own income potential. Furthermore, one’s salary is influenced by other factors, including location, educational attainment, or level of expertise.

List of the Best Finance Programs for 2025
How long does it take to complete a Finance program?
How does an online Finance program compare to an on-campus program?
What is the average cost of a Finance degree program?
What are the financial aid options for students enrolling in a Finance program?
What are the prerequisites for enrolling in a Finance program?
What courses are typically in a Finance program?
What types of specializations are available in Finance programs?
How to choose the best Finance program?
What career paths are available for graduates of Finance programs?
Can pursuing a graduate business degree further enhance my finance career?
Is it possible to pursue an affordable master’s degree in Finance?
Should I consider an Executive MBA to advance my Finance career?
Can an AACSB-accredited MBA accelerate career advancement in Finance?
Should I consider combining Finance with Healthcare Management to boost my career?
How can an online bachelor's degree in business enhance my finance career?
What is the projected salary growth for graduates of Finance programs?
What is the job market for graduates with a Finance degree?
Is getting a finance degree worth it?
Is Forensic Accounting a Worthwhile Specialization for Finance Graduates?
How to transition into finance from a different field?
Other things you should know about Finance programs

List of the Best Finance Programs for 2025

How do we rank schools?

We recognize the importance of a substantial investment in education. Therefore, our team of experts here at Research.com has carefully curated a list of top schools offering finance degrees. My team and I use a meticulous methodology to provide students with transparent and comprehensive information. Moreover, we consider information from the Integrated Postsecondary Education Data System (IPEDS), Peterson’s database (including its Distance Learning Licensed Data Set), College Scorecard, and the National Center for Education Statistics (NCES) to ensure that you can make well-informed decisions based on reliable data.

1. Franklin University

Franklin University offers an interdisciplinary and flexible undergraduate degree that aims to equip students with skills in financial forecasting, cash management, and more. Its BS in Financial Management includes courses like global finance, financial markets, and investments. Meanwhile, its Financial Planning program features tax planning, risk management, and retirement savings planning topics. Aside from online coursework, students participate in simulated business environments and collaborate with other students as part of their capstone requirements.

Program Length: Four years
Tracks/Concentrations: Financial Management, Financial Planning
Cost per Credit: $398
Required Credits to Graduate: 124
Accreditation: International Accreditation Council for Business Education (IACBE)

2. Texas A&M University-Commerce

With Texas A&M University-Commerce’s BBA in Finance, students have the option to take their upper-level coursework either online or in-person. During their first and second years, they complete core university and business courses. Finance courses will be taken during their third and fourth years, featuring topics like business communication, economic forecasting, data and information management, and principles of investments. Students are also immersed in hands-on activities, such as group work, online simulations, and on-campus internships.

Program Length: Four years
Tracks/Concentrations: Finance
Cost per Credit: $753.99 (resident), $1,161.99 (non-resident)
Required Credits to Graduate: 120
Accreditation: Association to Advance Collegiate Schools of Business (AACSB)

3. University of North Carolina at Chapel Hill

The University of North Carolina at Chapel Hill offers a comprehensive undergraduate Business Administration degree with a concentration in Multinational Finance. The UNC Kenan-Flagler Business School ensures that students are equipped with essential skills in business and finance through courses in global financial markets, strategic economics, financial modeling, and introduction to FinTech. In addition to an internship, students can participate in various study abroad programs to expand their skill sets and knowledge. Students also have a plethora of extracurricular activities to engage in throughout their program.

Program Length: Four years
Tracks/Concentrations: Multinational Finance, Consulting, Investment Banking, Investment Management
Cost per Credit: $292.46 (resident), $1,556.67 (non-resident)
Required Credits to Graduate: 120
Accreditation: AACSB

4. Louisiana State University

Louisiana State University provides a BS in Finance to train students to become financial experts. With a curriculum that focuses on critical thinking for leadership and planning, students gain the essential skills needed to navigate complex business challenges. Students take courses in financial modeling and analytics, fixed-income securities, financial statement analysis, and venture capital. In addition to an online undergraduate program, the university offers an accelerated BS to MS in Finance that can be completed within four to five years.

Program Length: Four years
Tracks/Concentrations: Asset Management, Commercial Banking, Commercial Real Estate, Corporate Finance/Investment Banking
Cost per Credit: $301
Required Credits to Graduate: 120
Accreditation: AACSB

5. Ohio State University

The Ohio State University presents a Specialized Master in Finance (SMF) degree program that prepares students to become experts in the field of finance, including financial risk managers and chartered financial analysts. Students learn topics in private equity, behavioral finance, trading and markets, and derivatives evaluation. On top of that, students take a financial software training course to stay up to date with advancements in the field. They also complete a practicum where they act as consultants on behalf of different organizations.

Program Length: Two years
Tracks/Concentrations: Corporate Finance, Investment Management, Risk Management, Real Estate
Cost per Credit: $56,691 for two semesters (full-time, resident), $56,701 for two semesters (full-time, non-resident)
Required Credits to Graduate: 30
Accreditation: AACSB

6. Florida International University

Florida International University presents an MS in Finance curriculum that applies real-world business strategies and practices. Courses include portfolio management, global financial strategy, statement analysis, and securities analysis. Classes are completed in two eight-week terms with specialization courses taken in various campus locations. The university also offers this program fully online and an alternative hybrid Professional MBA in Finance that can be accomplished within 16 months.

Program Length: One year
Tracks/Concentrations: International Banking, Financial Management, Investments
Cost per Credit: $30,000 (total, resident), $33,600 (total, non-resident)
Required Credits to Graduate: 36
Accreditation: AACSB

7. Metropolitan State University

Metropolitan State University introduces an MBA with a concentration on Finance that is offered on-campus, online, or through a hybrid/hyflex format. Students learn financial accounting, macroeconomics, economic analysis, and financial management. Moreover, they complete three phases throughout their program, covering core theories in business, electives in various disciplines, and a synthesis and capstone course. To cater to diverse needs, the university also allows two concentrations.

Program Length: 16 months
Tracks/Concentrations: Project Management, Management Information Systems, Finance, Global Supply Chain Management and Analytics
Cost per Credit: $548.89
Required Credits to Graduate: 44
Accreditation: Accreditation Council for Business Schools and Programs (ACBSP)

8. University of Minnesota

Offering one of the top MS in Finance is the University of Minnesota’s Carlson School of Management. Students can choose between a 10- or 16-month curriculum plan in this on-campus program. They learn cryptocurrency and blockchain, business valuation, healthcare analytics, and computing for finance. The university also implements an experiential learning approach, enabling students to work in groups and start their own projects.

Program Length: 10 to 16 months
Tracks/Concentrations: Asset Management, Corporate Finance, Healthcare Finance, Finance Research
Cost per Credit: $1,085 (resident), $1,545 (non-resident)
Required Credits to Graduate: 39
Accreditation: AACSB

9. Liberty University-Online

With Liberty University-Online’s DBA in Finance, students are immersed in advanced topics in business leadership that place them in high-level roles. Two eight-week courses are taken each semester, as well as 13 to 16 weeks during the fifth to eighth semesters. Courses include supply chain management, organizational structures, quantitative research and methods, and case study research methods. Students also complete a doctoral research project about current business issues.

Program Length: Three years
Tracks/Concentrations: Managerial Finance, Advanced Financial Statement Analysis, Business Valuation, Mergers & Acquisitions, Investments & Derivatives
Cost per Credit: $595 (full-time), $650 (part-time)
Required Credits to Graduate: 60
Accreditation: ACBSP

10. Mississippi State University

Mississippi State University offers a PhD in Business Administration with a major in Finance that trains students to become either researchers or professors in various fields. Students cover theoretical modeling and empirical testing during their first two years of studies and take the Written Comprehensive Exam in Finance. Their remaining years will be concentrated on completing their original research project in finance, and this includes their dissertation defense. Learners cover eight major topics in finance, three courses in economics, five research methods courses, and one teaching methods course.

Program Length: Three to five years
Tracks/Concentrations: Finance, Information Systems, Management, Marketing
Cost per Credit: $506.31 (part-time, resident), $1,437.81 (part-time, non-resident)
Required Credits to Graduate: 51
Accreditation: AACSB

Here’s What Graduates Have to Say About Their Finance Programs

“Completing my finance degree was an immersive journey. It definitely equipped me with critical financial knowledge, and my internship also enhanced my practical skills. I was lucky to have a supportive community. The friendships I made with my classmates made my experience truly unforgettable. " Marco

“As a working student, I appreciated the self-paced learning in my online finance program. I could seamlessly integrate my studies into my busy schedule, and the digital resources allowed me to revisit materials at my convenience. This flexibility was instrumental in achieving my academic goals while pursuing a career." Erica

“I enjoyed my finance classes. My peers came from diverse backgrounds, and they all brought rich perspectives into discussions. I learned a lot, especially when we had group projects. My professors also guided me every step of the way. It was such a transformative experience." Jamil

Key Findings

Business programs remain the top field of study even among online learners, with 21% of undergraduate students taking this program in the U.S. in 2023.
The average tuition and fees in public four-year institutions from 2021 to 2022 was $9,700.
A small class size, with a student-to-faculty ratio of 15:1 or 10:1, is ideal for learning.
From 2022 to 2032, business and financial jobs will have 911,400 job openings each year.
Personal financial advisors will have a 13% job growth while financial analysts will have an eight percent employment change from 2022 to 2032.

How long does it take to complete a Finance program?

Associate degrees in finance typically take two years to complete. Online finance degree programs, as well as their on-campus counterparts, span four years. However, some colleges and universities offer accelerated tracks. This is ideal for associate degree students who wish to obtain a bachelor’s degree in less than four years.

Likewise, these accelerated programs are the best options for undergraduate students aiming to complete their master’s degree program within five years. A regular master’s degree in finance can last anywhere from one to three years while a doctorate can be completed in two to five years. Students with transferable credits can also cut down the length of their program. However, the overall length of a finance program will depend on the number of academic loads you take or whether you plan to be a full- or part-time student.

How does an online Finance program compare to an on-campus program?

An online finance program offers a flexible and accessible alternative to a traditional on-campus program. The curriculum content for both formats is typically comparable. The primary distinction lies in the mode of delivery, with online programs providing students the convenience to attend classes and complete coursework remotely.

In most cases, the virtual environment facilitates self-paced learning to accommodate the schedules of working professionals or those with other commitments. While on-campus programs offer face-to-face interactions, online platforms often foster active virtual communities through discussion forums and collaborative projects. Moreover, online programs integrate digital tools to facilitate classes. Teachers are usually the same for both formats, and resources are also similar, with a minor difference in their accessibility.

In a survey, 21% of undergraduate students and 23% of graduate learners in the U.S. pursued an online business program in 2023, the highest among other fields of study (Statista, 2023). This shows that online learning is seen as a viable and effective channel for acquiring business-related knowledge and skills.

In the chart below, I gathered information from Statista to reflect the leading fields of undergraduate online study in the U.S.

What is the average cost of a Finance degree program?

Aside from knowing how long does it take to get a finance degree, it is equally crucial to identify the average cost of your education. After comparing results from scholarly resources, I found that most public four-year institutions from 2021 to 2022 had an average cost of $9,700 for tuition and fees (National Center for Education Statistics, 2023a). Meanwhile, private for-profit schools published a cost of $17,800, and private nonprofit schools charged $38,800.

However, whether you are taking up a finance degree or an accounting degree, your tuition will also be affected by the location of your chosen school. For instance, public four-year institutions in Vermont charged the highest tuition and fees from 2023 to 2024, reaching $17,183. Conversely, Florida is the state with the lowest tuition and fees charges, with public four-year schools demanding $6,364 (Ma & Pender, 2023).

Meanwhile, graduate tuition and fees in public institutions reached an average of $12,596 from 2021 to 2022, and private non-profit schools offering graduate degrees can cost as much as $29,931 (NCES, 2023b). Finance programs under business administration also tend to be more expensive due to the specialized nature of the curricula. Furthermore, the overall cost of your degree can be affected by other elements, such as fees for books, learning resources, application and graduation processing, or miscellaneous factors.

What are the financial aid options for students enrolling in a Finance program?

When considering enrollment in a finance program, students can explore various financial aid avenues to alleviate educational costs. Federal aid, such as grants and loans, remains a fundamental resource. Apart from these, scholarships and grants tailored for finance students, whether merit-based or achievement-oriented, present attractive opportunities. These may include assistance from the following programs:

Goldberg-Miller Public Finance Scholarship (graduate)
Minorities in Government Finance Scholarship (undergraduate/graduate)
Accounting & Financial Women’s Alliance (undergraduate/graduate)
Association of Insurance Compliance Professionals (undergraduate/graduate)

Furthermore, institutional aid from colleges and universities further enhances financial assistance options. Private loans from banks and other financial institutions are also available, however, these tend to have higher interest rates and will depend on your credit score.

Work-study programs, which provide practical experience alongside financial aid, are also viable options for learners. By exploring this array of financial aid opportunities, you can navigate the 100 best value colleges in the US.

What are the prerequisites for enrolling in a Finance program?

Throughout my research, I found that the requirements for enrolling in a finance program vary per institution and degree type. However, most schools ask students to prepare or possess the following:

Academic Requirements:

High school diploma or GED (undergraduate applicants)
Bachelor’s or master’s degree in finance or related field (graduate applicants)
Official transcripts
ACT/SAT or GRE/GMAT scores
GPA score of 2.0+ (undergraduate) or 3.0+ (graduate)
Letters of recommendation
Personal statement

Skills Requirements:

Math and computation
Problem-solving
Analytical-thinking
Interpersonal engagement
Communication
Organization

Take note that some schools waive the submission of ACT/SAT or GRE/GMAT scores. Meanwhile, others demand proof of previous coursework in business or math courses, especially if you will be transferring credits. Most graduate schools prefer if you have work experience for at least two years. Therefore, it is better to check your desired school’s admissions page to get a more detailed list of requirements.

What courses are typically in a Finance program?

After comparing comprehensive results from various academic sources, I have gathered that these are the most common courses you will encounter in a finance program.

Principles of finance Covers fundamental concepts, including time value of money, risk, return, and valuation of financial assets.
Business ethics Examines ethical considerations and responsibilities in financial decision-making and professional conduct.
Investments Explores various investment vehicles, portfolio management, and risk-return trade-offs.
Risk management Focuses on identifying, assessing, and managing financial risks within corporations, including market risk, credit risk, and operational risk.
Corporate finance Explores financial decisions within corporations, encompassing capital budgeting, capital structure, and dividend policy.

Between finance vs accounting programs, students of the former can expect to learn the ins and outs of stock markets, market predictions, and investments. A degree in finance jobs also sharpens a learner’s math skills to prepare them to deal with complex data sets. Meanwhile, finance degrees that are under business administration will focus on more comprehensive aspects of business operations, marketing, or global business trends.

What types of specializations are available in Finance programs?

Finance programs offer various specializations catering to diverse career paths. Based on my research, these are the most sought-after specializations in a finance degree:

Financial Planning Focuses on personal financial management, budgeting, investment planning, and retirement strategies.
International Finance Focuses on financial management in a global context, covering international investment, currency markets, and risk management.
Real Estate Finance Specializes in real estate investment and valuation, addressing financial aspects of the real estate industry.
Entrepreneurial Finance Focuses on financing strategies, capital raising, and management specific to entrepreneurial ventures.
Banking Explores the intricacies of banking operations, regulations, and services, including commercial and investment banking.

Students who wish to move up the ranks or have expanded roles may take up a traditional or an online master’s degree in finance where these specializations are explored more thoroughly and are tailored to meet the demands of higher-level positions. Meanwhile, students who pursue a PhD in finance focus on qualitative and quantitative research methods in finance and business, allowing them to become educators in postsecondary institutions or researchers. On the other hand, a DBA in finance emphasizes the application of theoretical concepts to real-world financial challenges.

How to choose the best Finance program?

To ensure quality education, I have compiled a list of important factors students must consider as they browse finance programs. These can help you filter out the best finance schools that match your needs and goals.

Accreditation. Ensure the program is accredited by a recognized accrediting body, such as the AACSB, ACBSP, or IACBE, validating the quality and credibility of the education.
Curriculum and specialization. Review the curriculum to ensure it covers essential finance topics. Look for programs offering a balance between theory and practical application. Likewise, check the concentrations offered and see if they align with your skills.
Mode of delivery. Consider your preferred learning style, schedule constraints, and accessibility of resources and match them with your desired program. Keep in mind that due to the nature of this degree, some online programs may require in-person attendance for hands-on activities.
Faculty credentials. Research the faculty members. Students want to learn from the best, particularly those who have experience in the industry. Teachers can also be researchers who regularly study and analyze markets and other financial issues.
Student-to-faculty ratio. A low student-to-teacher ratio is ideal in any classroom setting. It typically is 15:1 or 10:1. In a smaller classroom environment, teaching staff can be more engaged with students and vice versa. Graduate programs tend to navigate more toward a lower class size to ensure that students receive individualized guidance from their mentors.
Student support services. Check for available support services, such as academic advising, career counseling, and technical assistance, to ensure a well-rounded educational experience.
Internship opportunities. Look for programs that offer internship opportunities or connections with industry partners to gain practical experience and establish lifelong connections.
Certification programs. Post-baccalaureate or post-graduate certificate programs assist learners in gaining fundamental knowledge of the language of finance. Opt for online certificates in accounting, bookkeeping, or other related courses.

What career paths are available for graduates of Finance programs?

If you are asking, “What can I do with a finance degree?", then the answer is quite versatile. It is in relatively high demand in most industries. After analyzing comprehensive industry reports, I found that these are the usual roles graduates with finance degrees fulfill and their estimated incomes (Indeed Editorial Team, 2021):

Compliance Analyst: $64,443
Personal Financial Advisor: $66,931
Financial Analyst: $69,419
Hedge Fund Manager: $98,256

What can you do with an accounting degree is similar in some ways to what you can accomplish with a finance degree since there is an overlap in the skill sets and career opportunities. Based on several BLS data, other positions that finance graduates can pursue are the following:

Property Appraisers and Assessors: $61,560
Accountant: $78,000
Budget Analyst: $82,260
Financial Risk Specialist: $116,140
Postsecondary Economics Teacher: $122,750
Financial Manager: $139,790

While income will depend on several factors, generally, the compensation is good. As such, a degree in finance is quite popular among students today and one of the highest-paying college majors.

In the chart below, I have summarized the salaries of finance majors based on Indeed’s data.

Can pursuing a graduate business degree further enhance my finance career?

For finance graduates aiming to expand their strategic leadership and broaden their industry influence, obtaining an advanced business degree can offer significant long-term benefits. Graduate programs often integrate rigorous finance coursework with comprehensive business management, data analytics, and innovative technology training, enabling professionals to adapt to evolving market demands. Evaluating program quality, networking opportunities, and career services is essential to determine if an advanced degree aligns with your individual career trajectory. For detailed insights on top programs, consider reviewing the best business master's degrees.

Is it possible to pursue an affordable master’s degree in Finance?

Prospective students seeking advanced finance education may consider cost-effective online master’s programs that maintain high academic standards. These programs emphasize flexibility, robust curriculum, and career-oriented outcomes while keeping tuition manageable. Evaluating factors such as accreditation, industry connections, and success metrics is crucial to ensure the program meets professional goals without incurring excessive debt. Additionally, comparative cost analysis and available financial aid can further assist in determining the best investment. For a thorough exploration of affordable options, consult cheap masters in finance.

Should I consider an Executive MBA to advance my Finance career?

Finance professionals aiming for high-level strategic roles may benefit from pursuing an Executive MBA. This advanced degree focuses on executive leadership, refined decision-making, and innovative management techniques that complement traditional finance expertise. It often integrates real-world scenarios with teamwork and leadership development, thereby broadening career trajectories. Moreover, evaluating cost-effective pathways, such as the cheapest executive MBA in USA, can help align educational investments with long-term career goals and industry demands.

Can an AACSB-accredited MBA accelerate career advancement in Finance?

Finance professionals aiming for senior leadership roles can benefit from an AACSB-accredited MBA, which provides deeper financial insights combined with advanced management strategies. This advanced degree enhances capabilities in strategic planning, risk management, and cross-functional leadership, positioning graduates to navigate complex market challenges and accelerate career progression. Evaluating curriculum rigor, networking opportunities, and long-term ROI is essential when selecting the right program. For those exploring affordable options, consider the cheapest AACSB MBA program as a potential pathway to elevate your professional profile.

Should I consider combining Finance with Healthcare Management to boost my career?

Integrating financial expertise with healthcare management can create a competitive edge in roles that require both economic analysis and sector-specific knowledge. This interdisciplinary approach enables finance professionals to address the unique challenges of healthcare—ranging from cost management to strategic investments in emerging medical technologies. For individuals aiming to diversify their skill set while enhancing their marketability, evaluating advanced programs that merge these fields is essential. For cost-effective options that bridge this gap, explore the cheapest online MBA programs with healthcare concentration.

How can an online bachelor's degree in business enhance my finance career?

An online bachelor's degree in business provides a broad foundation in management, strategy, and leadership that complements specialized finance skills. This educational pathway supports a well-rounded understanding of market dynamics and operational frameworks, enabling finance professionals to evaluate business performance more holistically. Additionally, pursuing an online bachelor's degree in business can offer flexible learning options that fit the schedules of working individuals and career-transitioners. By integrating core business principles with advanced financial analysis, graduates are well-positioned to meet complex challenges and accelerate career growth in diverse financial sectors.

What is the projected salary growth for graduates of Finance programs?

Graduates with finance degrees often look forward to competitive salaries that can increase significantly with experience, location, and specialization. The U.S. Bureau of Labor Statistics (BLS) projects steady growth in finance roles, with financial analyst positions expected to grow by 8% from 2022 to 2032. Personal financial advisors will see even stronger growth, projected at 13% over the same period, reflecting a rising demand for finance professionals across industries.

According to recent data, starting salaries for finance majors can vary based on specific roles, with analysts earning an average of $69,419 annually and financial managers reaching averages around $139,790. To explore more about specific salaries in finance roles, see this comprehensive guide on how much do finance majors make.

Key factors that impact salary growth include:

Location: Major financial hubs like New York, San Francisco, and Chicago typically offer higher salaries due to the cost of living and industry demand.
Specialization: Roles in corporate finance, investment banking, and risk management tend to command higher salaries and faster growth potential.
Advanced Certifications: Credentials such as Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) can significantly boost earning potential by enhancing professional expertise and marketability.
Experience Level: As finance professionals advance, many see substantial salary increases, particularly in managerial and leadership positions.

What is the job market for graduates with a Finance degree?

Overall, employment in finance will yield around 911,400 job openings each year from 2022 to 2032 (BLS, 2023b). There are 11.5 million workers with a general finance degree in the workforce today, and the number is growing by 3.28% (Data USA, n.d., retrieved January 16, 2024).

Moreover, the employment growth of various financial jobs is expected to increase faster than the average of most occupations. For instance, personal financial advisors will have a 13% job growth from 2022 to 2032 (BLS, 2023a). Meanwhile, financial analysts, investment analysts, and financial risk specialists are all projected to have an eight percent employment change during the same time (BLS, 2023c). This highlights the robust demand for skilled finance professionals in the coming years, underlining the promising career prospects for graduates of finance programs.

Is getting a finance degree worth it?

Deciding whether a finance degree is worth pursuing involves evaluating several key factors, such as career prospects, earning potential, and the skills you’ll acquire during your studies. A finance degree can open doors to various high-paying and rewarding career paths, including roles in investment banking, corporate finance, financial analysis, and financial planning. Graduates often find themselves in demand across a wide range of industries, from large multinational corporations to smaller startups and nonprofit organizations. With the global economy becoming more complex, financial expertise is increasingly valued, making a finance degree a potentially lucrative investment.

However, it’s also important to consider the costs associated with obtaining a finance degree, as tuition fees, textbooks, and other expenses can add up quickly. The time and financial commitment required to complete a finance degree must be weighed against the potential return on investment. While many finance professionals experience significant salary growth, the level of job satisfaction and career stability may vary depending on the industry and role chosen. It’s essential to assess your own career goals, interests, and willingness to commit to years of study before deciding if a finance degree aligns with your personal and professional objectives.

Moreover, with the rise of online programs and various specialization options, students now have more flexibility in how they pursue their finance education. Whether you’re interested in earning a traditional bachelor’s degree or considering a more advanced option like a Master’s in Finance or an MBA with a focus on finance, you can tailor your path to match your career ambitions. If you’re unsure whether a graduate degree in finance or accounting is the best choice, it may be worth researching the question of is getting a master's in accounting worth it, as some finance careers may benefit from this additional certification.

Ultimately, whether a finance degree is worth it depends on your long-term career aspirations, personal interests, and the resources you are willing to invest in your education. By carefully considering the career opportunities, earning potential, and the types of financial aid available, you can make a more informed decision about pursuing a finance degree.

Is Forensic Accounting a Worthwhile Specialization for Finance Graduates?

Finance graduates may enhance their career prospects by exploring niche specializations that combine analytical expertise with investigative skills. Forensic accounting, in particular, focuses on fraud detection, financial discrepancy analysis, and litigation support, offering roles in both the corporate and public sectors. This specialization requires targeted training and certifications, which can lead to improved job security and competitive earnings. Detailed information on compensation trends can be found by reviewing the forensic accounting salary.

How to transition into finance from a different field?

Switching to a career in finance is more achievable than many think. Programs like online or accelerated finance degrees make this process easier for career changers. These programs often allow students to transfer credits from previous education or complete the degree at their own pace, which can save time and money. For those wondering about the fastest way to get a finance degree, accelerated programs are a great choice.

To make the transition smoother, individuals from non-finance backgrounds can focus on building core competencies like financial analysis, accounting basics, and data interpretation. Many programs offer bridge courses or boot camps to help students catch up on essential topics. Online options also provide flexibility to balance education with current work.

Additionally, certifications like CFA (Chartered Financial Analyst) or CFP (Certified Financial Planner) can complement your degree and improve job prospects. These certifications are highly valued in the industry and demonstrate your commitment to learning and growth in finance.

Internships and networking are also key to breaking into the field. Joining professional organizations or attending finance events can connect you with industry professionals, making it easier to secure job opportunities after completing your degree.

Other things you should know about Finance programs

Is Finance BS or BA?

Generally, finance degrees can be offered as both BS and BA. A BA in Finance covers many courses, including language, history, psychology, and communications. On the other hand, a BS in Finance will have a mix of general education courses and finance and math topics. Moreover, a BBA in Finance integrates finance studies with broader business education, covering topics in financial management, business strategies, economics, accounting, and risk planning. Choosing between these options allows students to tailor their academic experience based on their preferences and career aspirations.

Which is better, Accounting or Finance?

Accounting is focused on meticulous record-keeping, financial reporting, auditing, and compliance, making it suitable for those interested in detail-oriented roles. Finance, on the other hand, encompasses a broader range, including investment analysis, financial planning, and strategic decision-making. The “better" option varies. Those inclined toward structured processes may prefer accounting while individuals seeking a dynamic field with strategic implications may opt for finance.

Is BS Finance hard?

The difficulty of a BS in Finance program depends on individual aptitude, dedication, and prior experience with quantitative concepts. Finance programs often involve challenging coursework in mathematics, statistics, and financial analysis. Students comfortable with analytical thinking and motivated to grasp financial principles may find the program manageable. While perceived difficulty varies, a strong work ethic and genuine interest in finance contribute to mastering the challenges presented in a BS in Finance program.

What trends are shaping the future of Finance education?

The future of finance education is marked by evolving trends such as the integration of technology, emphasizing data analytics, and the increasing importance of interdisciplinary skills. As financial landscapes become more complex, programs are adapting to include real-world applications, preparing students for roles in fintech and sustainable finance. The incorporation of hands-on experiences, interdisciplinary approaches, collaborative learning, and a focus on ethical financial practices reflects the dynamic nature of the industry and ensures graduates are well-equipped for the challenges and opportunities of tomorrow’s financial world.

What are some popular certifications or licenses that complement a finance degree?

Some popular certifications or licenses that complement a finance degree include Chartered Financial Analyst (CFA), Certified Financial Planner (CFP), and Financial Risk Manager (FRM). These credentials demonstrate specialized knowledge and skills in areas like investment analysis, financial planning, and risk management, respectively. Obtaining such certifications can enhance career prospects by signaling expertise and commitment to professional development, potentially leading to increased job opportunities and higher earning potential in the competitive finance industry.

What opportunities does studying finance offer for developing financial literacy?

Studying finance equips students with essential financial literacy, enabling them to understand complex financial concepts, analyze investment opportunities, and make informed financial decisions. This knowledge empowers individuals to navigate financial markets, assess risk factors, and optimize investment strategies. Additionally, finance programs often offer hands-on experience through simulations, case studies, and internships, providing practical insights into real-world financial scenarios. By combining theoretical knowledge with practical application, finance students gain valuable skills in financial management, investment analysis, and risk assessment, preparing them for diverse career opportunities in banking, corporate finance, investment management, and consulting.

What types of hands-on experiences and internships are available to finance students?

Finance students have access to various hands-on experiences and internships that provide practical learning opportunities and industry exposure. Many finance programs partner with banks, investment firms, and corporate finance departments to offer internships where students can work on real financial projects, such as analyzing investment portfolios, preparing financial reports, and conducting market research. Additionally, students may participate in finance-related simulations, trading competitions, and case studies that mimic real-world financial scenarios. These experiences enable students to apply theoretical knowledge, develop technical skills, and build professional networks, thereby enhancing their readiness for careers in finance upon graduation.

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