A degree in finance will prepare one for a career in banking as well as a position with prestigious financial institutions or with the government. A degree in finance is often associated with obtaining careers accounting and banking, but a degree in finance offers the training that can lead to a career in many different management opportunities. Such a career involves decision-making for government agencies, private organizations, and stockholders. A finance career involves understanding a client’s fiscal objectives and then problem solving, locating solutions, and finding resources to reach those goals. The minimum level of education in order to obtain a professional career in finance would be a bachelor’s degree; however, many students choose to move on to a MBA finance program. This allows one to vastly improve their career options. And as with other degrees pursuing a degree in finance in an online program through one of the many online schools is a very attractive option as many students can receive training from online finance schools.
The most common finance training programs include concentrations in corporate finance, financial planning, insurance, money management, commercial banking, investment banking, money management, or real estate. All of these specializations within a finance career will each require a different set of strengths and skills. However, there are basic skills any student in finance should have. Students considering a degree in finance require strong skills in mathematics as well as solid analytical, interpersonal, and problem solving abilities. A good deal of training can also be completed on the job or via work-study or an internship program. Experience can sometimes be nearly as important as education in order for one to move up in the industry, but of course this depends on the nature of the specialization. For example banks typically promote from within the organization for positions such as a branch manager, whereas other financial managers may enter their area of specialization with a formal degree-training program.
Even though experience is important, a finance degree from an accredited school is crucial. Distance learning has many advantages for working professionals. Distance learning via online schools offers flexibility, allows a student to work around their existing schedule, allows students to keep their jobs and attend school, and is affordable. Getting professional certifications also allow for the opportunity to increase ones skills and qualifications and there are a variety of associations that offer professional certifications.
Online finance degree programs may offer classes in areas such as financial management, management information systems, corporate financial management, or organizational development. An MBA program in finance allows students to extend their education and focus on research, corporate development, and statistics. A finance MBA can often be completed in less than two years and allows a good opportunity for students who wish to further their finance career.
The schooling is worth it. The demand for experienced and degreed professionals in finance or financial advisers has risen especially as companies are confronted with a competitive economy. Insurance carriers and banks employ most of those with finance degrees, but financial managers can be found in nearly every area of industry. With the shifts in the economy the need for financial managers and those with areas of specialization in finance is expected to rise at least through the year 2014. The potential for growth in the securities and commodities industry is expected to be most favorable. The median annual earnings of financial managers was $81,880 in 2004.
Going to finance school is an option that can pay big dividends in a student’s future. There are a number of different programs and potential degrees that can fit nearly anyone’s interests. Online schools offer the flexibility and affordability to allow a student to pick the right area of specialization for them, learn at their own pace, and keep their existing job.
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