If you feel you have a knack for finance and want to make a career out of it, then one of your main obstacles will be on choosing the right finance degree. Doing a Bachelor’s degree in finance is as good as saying you want to pursue a career in business.
There are so many avenues that you can go down that it can sometimes feel a bit overwhelming or confusing. Knowing what you are getting yourself into before you attempt your degree is worth the time and effort, you don’t want to be halfway through your course, only to find out that you chose a wrong path.
Here are a couple of things to know about a Bachelor’s in finance that will save you months, if not years of frustration.
1. Choosing the right college
A Bachelor’s in finance opens up new career avenues if the degree is from a good college. You want to be sure to study at one of the best universities for finance degree if you want a degree that is worth something.
This is why you need to do a bit of homework and find out which universities have the best finance programs. If you live in the US, then your first choice should be Wharton Finance, University of Pennyslyvania. Their Finance Department was rated number one in the country.
If Penn is not you, then you can always go for New York University or University of Michigan--Ann Arbor, both of which are ranked respectively as number two and three.
2. Doing local or international finance
Going into finance means that you could very well find yourself in the international market. You have to make a choice between general finance that is only aimed at national finance or get a degree in international finance.
Both courses have their own perks and drawbacks. If you decide on doing international finance, your scope to analyze international markets, information flow and analyzing market detectors will increase. National finance makes you an expert on everything local.
You will have a firm grasp on national finance laws and be able to consult any number of firms. If you choose, you could do a module on international finance, but you won't be an expert.
3. What can I do with my degree?
Finance is a very wide area of study, so what you can do with your degree, in the end, depends on the type of Bachelors that you did and where you obtained the degree. Your degree could be aimed at commercial and investment banking, or you could become an expert in asset management.
If that is not your thing and you want to add a bit of law to your degree, you could focus more on acquisitions and mergers. Then there is also the sphere in which you will find yourself in. You could either work towards a government position or enter the private sector.
You could also go for higher education and target a doctorate. There are many online services that can help you with this. By getting essay help easily solve your math, economics or other difficult assignments, you can find an oline service that will solve your problem for you.
It’s easy as you will slowly develop a passion for researching in that field. Knowing where you want to end up and what you want to do will allow you to choose the right course and university.
4. What’s the difference between finance and accounting?
You should know that there is a massive difference between a finance degree and an accounting degree. Although there are some areas that overlap in terms of subjects or modules, the main difference is the purpose.
Finance degrees involves the management of money and assets, whereas accounting revolves around obtaining, organizing and working with financial information.
5. What kind of money are we looking at?
When it comes to the money, it all depends on the area that you find yourself in. At first glance, a student with a Bachelor’s in finance degree doesn’t rake in the big bucks.
On average, you are looking at a starting salary of around $60 000, but as you get promoted, you could earn up to $350 000. Experience in key and if you fight it out, you could earn a pretty penny.
Going into finance is one of the most diverse areas of study that you can go into, it also means that it is one of the areas that you will always have a choice of jobs that you can apply for. The landscape is ever-changing and if you want to add a bit of risk to your job to make things exciting, then you have found your area of study.