Thinking of beginning a degree in finance or furthering your studies in this field? Read on to learn more about finance degrees that could help you pursue new professional opportunities or enhance your preparation for your current career.
What types of finance degrees are there?
Students can choose from several finance degrees, many of which may be available both at traditional campus settings and via online finance courses. A Bachelor of Science degree (B.S.) may prepare students for entry-level career opportunities or further education in the field of finance. At the graduate level, students could pursue a masters degree in finance, typically an M.S. or Master of Science. Another option is an MBA, or Master of Business Administration, with a concentration in Finance. Your choice depends on your interests and career goals; in general, an MBA offers a business-oriented focus, while an M.S. takes a more analytical and scientific approach.
What’s the benefit/difference between a bachelors and a masters in finance?
For students hoping to begin a new career path, earning a bachelors degree in finance could be a good first step. A bachelors degree typically takes about 4 years to earn and helps students to develop the entry-level knowledge and skills they need to seek employment in the field of finance. A masters in finance may be beneficial to bachelor degree-holders who hope to hone their knowledge in a specific area of finance, pursue advanced career opportunities, or meet growing demands in a current career. A masters degree takes about two years for full-time student to earn, though some finance professionals choose to earn a masters part-time while continuing to work.
What are the different courses you could take?
Most finance degrees at the bachelor level include courses in macro and microeconomics, accounting, business law, personal finance, statistics, E-business, international finance, portfolio management, and other fundamentals. Master degree programs typically allow students to explore advanced courses in the above areas, often with the addition of career-specific courses such as managerial economics, corporate finance, or strategic management.
What is the difference between online finance courses and campus-based courses?
Students evaluating types of finance degrees may consider e-learning as an alternative to a traditional campus program. Online courses offered by a reputable, accredited institution may be a way to pursue your degree while working in finance or another field; this is often a good option for those pursuing a masters degree. Online courses usually have the benefit of flexibility, so students can work day or night from anywhere with an internet connection. An online finance degree requires the motivation and focus to work independently, so this style of learning is often well-suited to busy adult learners.