If you’re interested in working with numbers on a daily basis, have a talent for managing large data sets and are fascinated by business practices, earning a degree in finance could be the perfect tool to get you the career you’re interested in. Finance is a versatile field whose graduates can find work across several industries, and earning a degree can qualify you for a wide variety of jobs and help set you apart from the competition. Before you commit to a degree program, though, it’s best to be prepared with a few essential facts. To learn more about this interesting career path and how a degree could help get you there, read on.
1. You Could Continue to a Doctorate
If you enjoy learning about finance and teaching others, you may want to continue past the bachelor’s level to earn an online education degree. With a doctorate, you could pursue unique careers like university finance professor. For people passionate about passing on their knowledge, this could provide an exciting opportunity to combine your interest in finance with your talents for communication.
2. You Can Work in Multiple Sectors
One of the most exciting parts about earning a finance degree is the countless career and job opportunities that come with it. Because every business needs financial analysis, finance specialists can often find work across a wide variety of industries. For instance, you could find work at a hedge fund, as a personal financial advisor, in healthcare, as a data analyst and much more. You’ll even have the opportunity to combine multiple interests by moving from one sector to another.
3. You Could Earn a High Income
One of the benefits of working in the finance world is that many of the jobs tend to pay well. For instance, the Bureau of Labor Statistics estimated that in 2019, financial analysts earned a median annual income of $81,590 per year, significantly higher than the roughly $40,000 median income across all other occupations. If you go on to earn a master’s degree or an MBA, you’ll be able to boost your long-term earnings even higher. Additionally, it’s projected that finance careers will grow 5% over the next decade, which is faster than the average. When you work in finance, you can often rest assured that you’ll be able to find secure, lucrative jobs.
4. You’ll Learn Real-World Transferable Skills
If you earn a finance degree and then realize that you’re not sure you want to actually work in finance, you won’t have to worry. Beyond content, the critical thinking skills you’ll learn in a finance program provide real-world applications and can help you succeed in any line of work. With strong mathematical capabilities and leadership skills, for instance, you’ll be poised for success in any career.
If you’re talented with analyzing numbers, interested in the business world and work well with large data sets, you may want to consider pursuing a degree in finance. When you complete a finance degree, you open the door to a wide range of interesting, stable and lucrative career paths. Keep these essential facts in mind and you’re sure to chose the right path for your professional future.