Finance Degree FAQs
Online finance degree programs provide you with the necessary education to work in this sector of industry. If you currently have an associate's or bachelor's degree in business, then furthering your education with a focus on finance can help you obtain your master's degree and as a result, increase your income and value to your company.
What Is Required for Enrollment in an Online Finance Degree Program?
Acceptance requirements vary per the learning institutions offering the programs. However, in most cases, a high school diploma or equivalent is required. Some programs may require the candidate to have a certification or associate's degree in business. Students looking to enroll in master's degree programs will need to have successfully completed their bachelor's degree.
What Can I Do with a Finance Degree?
A degree in finance opens up a wide range of job opportunities. The level and importance of your position is a direct result of the type of degree you hold. From banks and other financial institutions to global business opportunities and jobs in the education sector, the choices are endless for someone with experience and a degree in finance. Positions that are more specific include treasurers, finance managers and officers, cash managers, credit managers, insurance managers and other finance-related positions.
What Skills Does Someone in the Finance Sector Need?
To be a success in finance, professionals need excellent math skills and good interpersonal and business capabilities. Teamwork, problem solving skills, creative thinking and computer skills are also essential qualities required in the finance sector. Once employed, it is very important to keep up with the latest regulatory changes and compliance procedures in the ever-changing finance landscape of business.
What Is the Future Outlook for Jobs in Finance?
According to the U.S. Bureau of Labor, jobs in the finance industry are expected to grow by approximately 13 percent through 2016, which is slightly higher than the national average. Industry growth is a reflection of the increase in population, economic globalization and the industry's regulatory reforms and expansions.
Many companies have found it useful to bring in a temporary finance manager to help them through a tough fiscal period or to offer consultation services on how to improve their profits. Additionally, with banks now offering insurance services and investment benefits, a job applicant who holds a degree in finance along with a license to sell insurance or securities stands a much better chance of being awarded the position.
What Are the Admission Requirements for Finance MBA?
The specific requirements depend on the school that you apply to, but there are some common traits that business schools look for in their finance MBA applicants. Prospective students should have undergraduate degrees that have prepared them for graduate study. They should also have high GRE or GMAT scores. Some schools not only require completed applications, test scores and transcripts, but interviews, essays and letters of recommendation as well.
What Careers Will a Finance MBA Prepare Me For?
Earning your finance MBA can open many doors to a more successful career. Some of the positions that you might qualify for after you have earned your graduate degree include treasurer, financial officer, risk manager, credit manager, controller and cash manager.