Once students finish high school, they find themselves in a dilemma as now is the time to choose a career major. In the modern world, they have a plethora of options, which further confuse them. Experts suggest that they weigh their pros and cons and keep their job prospects in consideration before zeroing down on any subject. Choosing a major is a significant decision as it shapes up lives in several ways. Many a time they find a job in the same field and spend years in the same arena. Hence, students must think it through before selecting a major for higher studies.
Finance has become a popular choice for students, and every year plenty of students register in a variety of finance degree programs. Contrary to a general idea, a degree in finance is not only glamour but also requires discipline, determination, and hard work. Nevertheless, the degree is all worth it.
Finance is a vast field and has rewarding career options in a wide range of sectors. Finance degrees are an excellent choice for people who are curious, outgoing, and possess excellent communication skills. People think that finance is all about money matters, but it is far more than that as it also requires intellectual skills. Moreover, advancements in technology continue to bring about more degrees to serve in finance, which further broadens the field. The good thing is that there is always a milestone ahead, and people can enroll in other degrees and boost their job.
The following are 5 top degree options in finance which will further advance your career:
1. MAcc (Masters Of Accountancy)
Masters of accountancy is an advanced degree program of finance as it gives opportunities to dive into business applications and accounting principles. It further widens your finance perspectives and allows you to view financial matters with a different lens. The pursuit of Masters in Accountancy is not all theoretical, but it gives students a platform to practice, which prepares them for the corporate sector.
Online learning is booming these days, and due to the outbreak of COVID-19, a lot of people are homebound and working from home. It is an excellent time to take advantage of online learning programs, and macc online is an excellent option for enthusiasts.
2. Associate Degree In Finance
Graduates of an associate degree in finance can easily land an entry-level job in Louisville KY in the finance department of any sector. The associate degree generally has 60 to 65 credit hours and equips students with relevant knowledge and skills of financial matters. Associate degree holders can use their intelligence in allocating realistic budgets for organizations. They can serve as sales managers, enhance sales of the company, and generate better revenue.
3. BS In Finance
Bachelors in Finance provides its students with a basic level of knowledge and an overview of finance. It helps them in gaining essential skills that organizations seek to enhance their business practices. The degree enables students to look at the pictures from all four sides, and they develop a keen eye to detail. Their observance helps them in gaining expertise, and they hardly ever miss out on any discrepancies. It further allows them to pinpoint errors of financial matters at a very initial stage.
4. MBA (Masters In Business Administration)
MBA is a common choice among finance students all around the world. The degree paves the way for advanced careers and allows degree holders to serve in key positions in organizations. It also gives students enriching experiences that assist them in their professional growth. Besides, MBA holders can easily switch their jobs as a degree allows them to work in a variety of departments. Students develop leadership qualities that help them polish skills like confidence, persuasion, sharing ideas, and leading a group of people. An MBA enhances communication skills and prepares you for the corporate sector. It is an ideal degree for those finance professionals who want to climb higher in their careers. Furthermore, an MBA is a global degree, and if ever an MBA degree holders decide to shift their base to another country, an MBA will not put chains in their feet. Organizations prefer hiring MBA grads as they provide expert advice about investments and financial matters.
5. Doctorate Degree In Finance
The business world is getting intensely competitive and landing a job even after a degree is no longer a piece of cake. For a single post, recruiters receive several applications, and naturally, they choose the best amongst them. Earning a doctorate level degree puts you on the pedestal, and the chances of getting lucrative jobs become higher. A doctorate in finance means that you have spent a considerable amount of years in finance and have gained experience. It also requires extensive research on a topic, which means that you possess more knowledge than your counterparts.
A PhD in finance enables you to specialize in corporate finance, business management, economics, or international finance. Generally, students integrate another finance-related area and get more than one specialization. A PhD in finance allows you to work as a professor in any university in the world or get a job in the corporate sector.
Future In Finance
A degree in finance is not all roses, and students sweat and work hard while pursuing it. The finance sector offers some lucrative jobs and has immense growth options. Job prospects of finance degree holders are higher, and if you are already working in any industry, a degree in finance can boost your career. Finance offers different degree programs; you can choose one that suits your circumstances and provide a kickstart to your career in finance.
