Study Finance abroad
One of the most sought-after business skills is successfully managing finances. It will make you a more appealing candidate in the job market. A Finance degree will provide you with a broad understanding of how money influences people and places.
8% projected increase in employment opportunities for financial operations occupations
Average annual salary for financial operations occupations
Projected openings for financial managers each year
41,000 project openings for financial analysts each year
Finance is studied in several academic disciplines due to its broad scope, and there are several related degrees and professional certifications that can lead to the field. Finance is divided into three categories: Personal Finance, Corporate Finance, and Public Finance. These, in turn, overlap and employ a variety of activities and sub-disciplines, the most important of which are Investments, Risk Management, and Quantitative Finance. A Finance degree is frequently combined with an Accounting or Business minor.
Is Finance right for me?
This is the field to pursue if you want to help businesses and individuals make money. Finance majors must consider the short- and long-term consequences of investing and other financial decisions. They must then assist clients by finding solutions and developing plans to capitalise on opportunities. If you are interested in making data-driven financial decisions, then Finance is the degree to pursue!
Study options and costs
A Bachelor of Science in Finance or Bachelor of Business Administration in Finance is the most common bachelor's degree in finance. Some schools may also offer Bachelor of Arts in Finance degrees, though this is a less common option. Bachelor's degree graduates can work as accountants, financial analysts, budget analysts, investment bankers, and personal financial advisors. The total tuition cost typically ranges between $24,000 and $75,000.
At the master's level you can either earn a Master of Business Administration (MBA) with a Finance concentration or a Master in Finance for financial professionals. A Master of Finance degree will prepare you for high-level financial positions, whereas an MBA will prepare you for a wide range of business roles with an economic focus. An MBA or master's degree in finance will prepare you for advanced positions. Financial managers, financial analysts, auditors, controllers, credit manager, and chief financial officers are examples of career paths. A master's degree in Finance typically costs between $30,000 and $120,000, depending on the school, major, and duration of the programme.
Students can also pursue a Doctor of Business Administration (DBA) with a Finance concentration or a PhD in Finance at the doctoral level. A DBA will focus more on being professionally-oriented, whereas a PhD will focus on research and will be more academically-oriented. A doctorate from a public university costs an average of $92,200. A doctorate from a private university costs an average of $127,100.
Whether you have a BA or a BS in Finance, excellent career opportunities with high jobstability beckon. Part of the reason for high job security in the Finance sector is that Finance is a specialised, narrow domain. The job market is brimming with opportunities for competent Finance majors.
Career pathways for Finance graduates
A career in commercial banking covers a wide range of financial services, including savings accounts, checking accounts, and various loan options. Many people start their careers as bank tellers and work their way up to become branch managers in commercial banking. The average salary in retail banking is $92,983.
Investment banking is a high-intensity field that sells and trades corporate securities while also providing insightful advice to corporations and individuals. An investment banker's responsibilities may also include trading stocks and bonds on the stock market. The average salary in investment banking is $96,543.
A financial planner collaborates with clients to develop plans that ensure an individual's current and future financial well-being. They discuss investment and savings strategies to achieve client goals. The average salary for a financial planner is $61,830.
Working in the insurance industry allows you to explore many different aspects of finance. You can work as an insurance sales representative or a customer service representative or calculate the risks and probabilities of financial trends to assist your clients in meeting their financial goals. The average salary for an insurance agent is $37,667.