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Finance Bachelor’s Degree: Requirements, Tuition and Universities

Finance Bachelor’s Degree: First things first: What is a bachelor’s degree? A bachelor’s degree is an undergraduate academic degree awarded to people who successfully complete four years of a college or university program. You can get this degree in many fields such as finance, accountancy, economics and business management.

The main purpose of finance education is to train students for careers in financial services. In general terms, it provides students with the knowledge and skills necessary to manage money, bank accounts and transactions such as investments. An associate’s degree might be sufficient for entry-level jobs like bookkeeping or accounting clerks; however, most jobs require at least a bachelor’s degree in finance or an associated field. A master’s degree may be required for more advanced positions in banking or financial analysis. Students who want to enter upper management positions at investment banks are encouraged to earn their Master of Business Administration (MBA) after completing their bachelor’s degrees in order to qualify for executive-level roles.

In this article we will talk about two main types of finance degrees: the Bachelor of Business Administration (BBA) and the Bachelor of Science (BS).

Contents

What you will learn from Finance Bachelor’s Degree

The finance bachelor’s degree at the University of Southern California program will teach you how to apply theories of finance to real world situations. You will learn how to manage financial resources, manage financial risks, understand financial markets and analyze information about financial institutions and their management.

You will be prepared for a career in areas such as banking, credit analysis, capital budgeting, technical analysis of stocks and bonds investment management, securities trading and corporate finance.

If you choose to pursue an undergraduate degree in finance from the London School of Economics (LSE), you are likely to gain valuable knowledge from a curriculum that is designed around current trends.

You can expect practical learning experiences that focus on problem solving through case studies and projects. Students also have opportunities for internships with local businesses or organizations as part of their educational experience.

In addition to taking courses on how economics impacts business decision-making processes, students may take courses in marketing research or managerial accounting as part of the program’s core curriculum requirements.

Top Universities for Finance Bachelor’s Degree

  • Cornell University is one of the best universities in the world, ranked at #14 by QS. The Samuel Curtis Johnson Graduate School of Management has been named as the best finance school in the USA. Finance degrees are offered at undergraduate and graduate level.
  • The Wharton School at the University of Pennsylvania is known for its excellence in business education and research. The Bachelor’s degree offers core courses such as Financial Accounting, Marketing, Statistics, etc., along with a wide range of electives to choose from.
  • Columbia University is one of the top-ranked American higher education institutions and has a history of over 250 years. Columbia Business School offers both undergraduate and MBA degrees in finance; however, only students who have completed their freshman year may begin applying for an admission into the programs.
  • New York University was established in 1831 with a mission to provide opportunities for academic achievement to all qualified students regardless of race or ethnicity. NYU Stern offers a BSc degree program in finance that provides students with an opportunity to learn about real markets through hands-on experience via investment funds and student-managed portfolios.
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Tuition fees of Finance Bachelor’s Degree

The tuition fees for a finance bachelor’s degree are relatively high in the developed countries. However, as many developed countries also offer excellent scholarships and loan facilities for international students, you can still pursue a finance bachelor’s degree at a low cost. For example, if you want to study finance for a bachelor’s degree in the US or Canada, you may be able to obtain a scholarship or long-term loan with interest benefits that will reduce your tuition fees to a large extent. If you want to study at a UK university that offers a finance bachelor’s degree, it is best not to go for undergraduate programs. Even though there are some loans available for full-time undergraduate students from Wales and England who are studying outside their home country, it is better for international students to go for postgraduate programs where they have more options in terms of loans offered by different banks. Most of the Australian science universities offer scholarships for both domestic and international students to help them reduce their financial burden during the course of study. The annual tuition fee of any subject varies from university to university; therefore, it is important that you do some research about your preferred universities before applying so that you can be better prepared financially even before getting an admission offer letter from your chosen institute.

 

Careers in Finance

Major Finance careers

  • Accountants: These detail-oriented professionals prepare financial statements and reports that help businesses thrive. They ensure that the information is accurate, complete, and compliant with applicable laws, regulations, and industry standards.
  • Financial Analysts: These skilled research experts analyze balance sheets, assess market trends and make recommendations about investments—for example, if a company should buy or sell shares of stock or bonds.
  • Investment Bankers: Investment bankers focus on raising capital for companies through the trading of stocks and bonds. Some investment bankers specialize in advising businesses on mergers and acquisitions (M&As).
  • Insurance Underwriters: The insurance underwriting process can be complex—these professionals assess an applicant’s risk factors to determine eligibility for coverage (i.e., to issue them a policy). They evaluate whether or not to offer coverage by analyzing each customer’s application data.

Finance jobs tend to require high levels of mathematical and analytical skills.

We all know it takes a certain skill set to be good at math. But can you imagine how much harder it would be if math weren’t taught in your native language?

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That’s exactly what this man named Larry Levy did. Larry grew up as an Orthodox Jew and was only allowed to speak Yiddish until he went to school. One day, his teacher introduced him to the world of mathematics, which opened the door for his career in Finance. Today, Larry is a successful financial consultant and entrepreneur that manages over $400 million in assets with his own company, Levy Financial Group LLC.

To help you understand more about careers in Finance, here are some things you should know:

Finance graduates take jobs in banking, investment management, asset management, conservative financial planning and risk management, corporate finance and mergers and acquisitions.

While many finance majors plan to go into investment banking, corporate finance or financial planning, a B.S. in finance or a related field such as accounting, business administration or economics also builds the foundation for careers in real estate, money management, insurance and law.

If you’re interested in pursuing an advanced degree, a master’s in finance or MBA can help you gain specialized knowledge and potentially open up new career opportunities.

Finance Jobs

  • Banking
  • Investment management
  • Asset management
  • Conservative financial planning and risk management
  • Corporate finance and mergers and acquisitions

The global finance sector is growing at a rate of about 10% a year (PDF)

…one of the fastest growing sectors in the world, with an annual growth rate of about 10 percent (PDF). As a result, it’s also one of the fastest growing in terms of job opportunities. In fact, 1.2 million jobs have been created within the sector over the past ten years.

What does that mean for you? First and foremost, it means a lot of very good job opportunities. The finance sector accounts for more than 7 percent of employment worldwide…

Pros of studying finance

First of all, it’s a lucrative field.

The first benefit is the money! This field of study has a high earning potential. According to the Bureau of Labor Statistics, the average financial manager salary is $120,000 per year; and that number can climb to over $200k as you gain experience. Accountants make an average of $68k per year, and personal finance advisors earn about $100k annually. There are many different fields within finance, for instance accounting and investment banking – but in general all areas have a bright outlook for employment opportunities.

Second, you become much more knowledgeable about the world around you, corporate and political governance.

Two: You become much more knowledgeable about the world around you, corporate and political governance. The more you learn about finance, the easier it is to understand how business and government operate. Finance courses will often touch on how these institutions function in a variety of capacities, including their internal workings and interactions with other organizations.

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Third, you have very good job prospects and can work in multiple fields.

The third pro of studying finance is that you have very good job prospects and can work in multiple fields. If your choice is to work in the private sector, such as banking or corporate, there are a wide range of different opportunities for you. If you choose government work (which has great benefits), you can go into areas like public policy or non-profit consulting. Other jobs include business analyst, financial advisor and economist. The fantastic thing about most of these jobs is that they pay really well; depending on what field you enter, it’s typical to earn between $50k-250k per year right after graduation (or even more).

Fourth, your mental faculties will be tested and groomed.

When you are in the finance field, you will be required to solve problems. In a job where there is little direction and ambiguous outcomes, this is no small task. You must think critically and deal with ambiguity, which will require both patience and efficiency. The result of these tests to your mental faculties is that they grow stronger. You become better at solving problems, working under pressure, thinking critically, persuading others and many other skills that can be transferred to any type of career. As an added bonus, your soft skills such as communication skills and teamwork grow as well because you must find ways to get your ideas across.

Fifth, if you choose to pursue an MBA you’d be learning a lot of general skills.

Fifth, if you choose to pursue an MBA you’d be learning a lot of general skills that could help you in any industry. You would learn leadership skills, communication skills, organizational skills, analytical skills, teamwork skills, creativity and time management.

You learn new things everyday, but most importantly it imparts useful cognitive skills.

You learn new things everyday, but most importantly it imparts useful cognitive skills such as attention to detail and logical thinking. Studying finance can offer you a better idea of what you should be doing and how it will help you in the future. You may also decide on a career path that fits your interests after studying finance.

Studying finance can help give you a better idea of what you want to do in life, which is important when deciding on a career path. Finance teaches about financial markets, economics and personal finance. It is important for every young adult to learn about these topics because they will affect your decisions later in life. The knowledge gained from studying finance may help you make better decisions when it comes time for retirement or investing money in stocks and bonds, both of which are important aspects of anyone’s life!

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