If you are intrigued by the financial markets and you also like to think about numbers, then a finance major is worth considering. Earning a Bachelor of Science in Finance can provide you with relevant skills and opportunities to help achieve your academic goals and expose you to numerous career possibilities. If you are having trouble deciding if a Bachelor of Science in Finance and Economics is right for you, here's some questions to consider.
What Will I Study?
Earning a Bachelor of Science in Financegives you the opportunity to study business, money, financial analysis, decision-making, accounting, the economy and internationalism of business and trade. Popular topics include financial evaluations, management of businesses and finance functions within modern corporations while considering legal and ethical issues in business. You will learn to use spreadsheets and other software used to process and present financial data. While a bachelor’s degree in finance will build upon your finance skills, you will also be taught leadership and communication skills.
What Traits Should I Possess?
When dealing with finances, it is extremely important to be detail-oriented, organized, analytical and a good communicator. It is also important to embrace an open, curious, entrepreneurial and innovative spirit while obtaining strong leadership skillsso that you may understand how business decisions affect financial goals and objectives. You will need strong mathematical and statistical skills in order to understand and analyze the financial data.
What Are My Job Prospects?
As a graduate of the Bachelor of Science in Finance, you may explore a career in any enterprise where money is the medium of exchange. Typical examples include corporate finance, banking, insurance or investment management. However, all businesses, including nonprofit and government organizations require the use of money and an understanding of the economy. Here are some of the career options to consider:
- Financial planner
- Financial analyst
- Investor relations associate
- Budget analyst
- Load officer
- Accountant
- Credit managers
- Risk managers
You can also consider enhancing your knowledge by applying for a master’s degree in finance. Earning an MBA in Finance degree will prepare you to work in business management positions, often in investment banking and corporate finance. Alternatively, pursuing a master’s degree may offer students more of an opportunity to integrate mathematics, economics, accounting and associated disciplines with the theories and application of finance.
Key Benefits of Getting a Finance Degree
Finance is a high-stakes industry. Individuals and corporations will not trust their financial future to just anyone. That is why getting a finance degree is extremely valuable. Getting your finance degree allows you to:
- Master skills that prepare you for real-world job responsibilities
- Work for wide range of employers
- Set the stage for getting professional certifications
- Choose from a wide range of financially-rewarding careers
- Join a popular industry that expects a stable growth
How To Decide?
Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation. To decide, you should understand what this degree offers and if it suits your interests.
If you are organized, detail-oriented and enthusiastic about helping businesses succeed, then a Bachelor of Science in Finance from Grand Canyon University could be the perfect fit for you! Learn more about our business degrees by visiting our website or clicking on the Request More Information button at the top of the page.
The views and opinions expressed in this article are those of the author’s and do notnecessarily reflect the official policy or position of Grand Canyon University. Any sources cited wereaccurate as of the publish date.
FAQs
If you are intrigued by the financial markets and you also like to think about numbers, then a finance major is worth considering. Earning a Bachelor of Science in Finance can provide you with relevant skills and opportunities to help achieve your academic goals and expose you to numerous career possibilities.
Is a bachelor of science in finance worth it? ›
High earning potential: Many jobs in finance offer high salaries and growth potential, making it a lucrative career choice. Diverse career opportunities: With a finance degree, you can work in various roles and industries, from investment banking to risk management to financial planning.
How do you know if you are fit for finance? ›
You should consider a career in finance if …
- You have stellar communication skills. Financial discussions can get complicated. ...
- You take initiative. ...
- You're inquisitive. ...
- You work hard. ...
- You have high emotional intelligence (EQ) ...
- You love to learn. ...
- You persist. ...
- You're a natural problem solver.
An effective way to gauge which of these paths is right for you is by assessing your personality. A “people person” who enjoys working with the public, customer service, business development, or sales would likely be more successful in retail finance.
Is a BS in finance hard? ›
Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.
Is finance hard if you're bad at math? ›
It's normal to have these thoughts and it's good to ask these kind of questions before you get into it. Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators.
What are the cons of finance major? ›
The median annual wage for business and financial occupations is $46,310 higher than the median annual wage for all occupations. Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.
Is finance an easy major? ›
Is Finance a Hard Major? Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.
Why would I be rejected for finance? ›
These include: a history of missed payments or possible fraudulent activity on your file. the lender deciding you wouldn't be able to repay. not meeting a lender's specific terms and conditions, such as a minimum income level, or a mistake on your credit report – such as a typo in your address or other detail.
Is finance hard to get a job? ›
You don't need an MBA to work in finance, but the field is highly competitive, especially at the entry-level.
People who are inclined to major in finance tend to be very sure of themselves. This can sometimes manifest itself in the form of arrogance. But the most successful finance majors typically maintain a certain level of humility that will allow them to make decisions with other's best interests in mind.
Is finance math heavy? ›
While finance requires some mathematics training and some knowledge and skills in accounting and economics, it's not necessarily more difficult than any other field of study, particularly for people with an aptitude for math.
What attracts you to a career in finance? ›
I'm drawn to finance because it provides a comprehensive understanding of an organization's financial health, risk management, and investment decisions. By pursuing a career in finance, I can strengthen my ability to analyze financial data, provide strategic insights, and guide organizations towards sustainable growth.
Which is better BA or BS in finance? ›
If you'd prefer a bachelor's education designed especially for workforce preparation, then a Bachelor of Science in Finance may be better for you. These two types of bachelors in finance programs share many characteristics, though, so you may get a good education either way.
Is finance a good paying degree? ›
Salaries in the finance industry
According to the U.S. Bureau of Labor Statics (BLS), careers in finance pay a median salary of $76,850 — 66% higher than the median salary for all occupations in the nation ($46,310).
What career in finance makes the most money? ›
11 Best Paying Jobs in Finance
- Chief Executives. Median annual salary: $179,520. ...
- Financial Managers. Median annual salary: $131,710. ...
- Personal Finance Advisers. Median annual salary: $94,170. ...
- Financial Analysts. Median annual salary: $81,410. ...
- Financial Examiners. ...
- Budget Analysts. ...
- Accountants and Auditors. ...
- Insurance Underwriters.
Careers in finance are often a popular choice in that they can offer a high paying position shortly after completing your degree. The different opportunities for working within the finance field are vast, with a multitude of specialties to choose from.
