Finance may be described as the study of the mechanics of the financial market and organizations. USA Today has ranked finance-related careers among the highest paying fields. From banking and investment to accounting principles, finance covers a wide a range of areas. This discipline is offered for study at many prestigious colleges and universities. Students who are interested in numeracy and want to build a career in the fast-growing finance industry must have a degree in this field. Different degree programs that may be pursued in finance include associate's degrees, bachelor's degrees, and master's degrees.
Bachelor in Finance
A bachelor in finance degree program is geared towards preparing students for finance-related job positions in government, private, industrial, and other commercial organizations. Most finance careers require individuals to have at least a bachelor's degree. This is an undergraduate program that is offered by many four year schools.
In a bachelor
degree in finance program, students will explore various areas relevant to finance and business management. The program will give students a comprehensive understanding of the principles of finance, and how accounting is used in domestic as well as international organizations. It is important for students to develop strong numeracy skills and be able to understand financial data. Students will learn about the function and role of financial strategies. The course covers a wide range of subjects, such as the following:
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Financial accounting
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Managerial accounting
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Business law
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Principles of finance
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Investment principles
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Strategic cost analysis
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Credit analysis and working
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Statistics
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Organization communications
Alongside theoretical learning, students will also engage in practical skill development where they will polish their analytical skills and analysis skills. A finance bachelor's degree may entail case studies and projects that provide students with insight on various financial situations. It is also possible to choose a specific area for specialization, and this will depend on which career path a student wishes to pursue. Commonly offered specializations include taxation, investment management, and international finance.
Careers in Finance
The career options you have with a finance degree are vast. A bachelor's degree may lead to entry-level jobs in the industry. Not necessarily do you have to work as an accountant or a bookkeeper, you coul also pursue jobs that are management related. You could work in all kinds of fields, such as the following:
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Commercial banking
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Money management
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Corporate finance
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Hedge funds
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Financial planning
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Real estate
US News & World Report and Forbes Magazine have ranked finance-related positions, such as accountants, financial advisors, financial manager, and financial analyst, among the leading jobs for this year. The demand for finance majors is steady and offers a positive employment outlook. Your income will depend upon a number of factors such as specialization, employer, location, experience, and education. According to the US Bureau of Labor Statistics, financial analysts made a median annual income of $76,950 in 2012, and accountants made an annual median income of $63,550.