6 DEGREES THAT CAN LAND YOU A SUCCESSFUL CAREER IN FINANCE

Finance has become a lucrative industry in the 21st century. Students seek well-established careers and high-salary occupations in this sector. Since not every academic qualification constitutes the ideal career pathway for all, many students find it challenging to choose a degree that may land them some lucrative job opportunities. However, for some, an MBA degree serves as a model choice to enter the lucrative financial sector. In contrast, others opt for specialized degrees in various subjects to dive deep in the course of study. So, here’s a breakdown of some of these popular degrees that can land you a successful career in finance:

  1. Economics

Let’s begin with a well-known degree, i.e., the evergreen subject of economics. The degree will boost your employability in various areas, as there’s a great demand for these graduates in the labor market. A student can pursue a bachelors or masters in political economy, energy economics, or economic policy. However, those acquiring an advanced degree in economics can work as economists. At the same time, ambitious graduates may also prefer other job roles such as data analyst/scientist, financial analyst, or economics educator. A bank also offers employment opportunities to candidates with a specialized degree in economics. You can work at the bank’s macro-economic department as a researcher or join a growing business as a financial consultant.

  • Accounting

Many career opportunities present themselves when you decide to pursue a degree in accounting. You can become an auditor, a bookkeeper, a tax/accounting manager, or a financial analyst. A four-year degree brightens your chances to land a high-paying job in banks, nonprofits, government, and private companies. However, if you’re already employed, then it is best to acquire an online accounting degree for advanced education. The degree will help you to develop the expertise required for a successful career in managerial positions.

Your duties might include tax handling and financial reporting. You can also work as an auditor, which requires strong insights into details with excellent problem solving and analytical skills. Since these responsibilities are ideal for a qualified accountant, the prospects of a successful career-building are always luminous for accountants.

  • Financial Engineering

How about pursuing a field where you combine engineering and mathematics to excel in finance? A suitable profession for such opportunities is a masters in financial engineering (MFE). Students who study MFE have to learn engineering, programming, and applied mathematics. These courses make them well-suited to use quantitative methods for solving fiscal issues. No wonder they make over $70,000 on average. The pay scale exceeds $100,000 and above, depending upon the years of experience. Just think of this field as normal financial pedagogy with a technical outlook. Many reputable institutes are offering MFE courses to increase students’ career prospects in the job market. This profession lures students who adore challenging jobs!

  • Analytics

In this rapidly transforming digital age, the role of data remains crucial to identify future trends, business prospects, investment opportunities, and customer behavior. Experts believe that 90% of the world’s data was created in the last decade. At the same time, people generate 2.5 quintillion bytes worth of information every day.

Almost all multinational corporations rely on big data and require the services of experts in analytics. No wonder you can make over $90,000 a year in this profession. Business graduates that are already a part of well-established organizations can opt for an online masters analytics degree to increase their career prospects. The degree helps you become a logistician, a data scientist, or a management analyst.

  • Organizational Leadership

Students who are interested in finance/marketing can choose to opt for an MS degree in organizational leadership. This degree focuses on developing leadership qualities, hard and soft skills used by top leaders in the business industry. With a degree in organizational leadership, you can work as a ‚ÄėBusiness Executive‚Äô in any area of business, ranging from finance, marketing to managing business operations. Besides, your job responsibilities might include managing day-to-day activities and providing solutions to various complex problems. You can also work as a finance manager, which might require you to coordinate with financial professionals within your industry.

  • Chartered Financial Analyst (CFA)

Many students find CFA a perfect alternative to the traditional MBA qualification. Since CFA focuses on certain aspects of a company’s financial management, these financial analysts oversee functions such as trading, auditing, planning, and accounting. On completing the CFA program, you can work in the capacity of various job roles. These include risk manager, financial advisor, auditor, investment banking analyst, corporate financial analyst, consultant, portfolio manager, etc.

Conclusion

People enter the finance industry seeking competitive employment opportunities. Most students generally dream about getting cushy jobs in multinational companies. However, those interested to be a part of the finance sector can attain education in any of the degrees mentioned above. Still, we would recommend you to choose a field that interests you the most and fits best to your expertise.