If you are intrigued by the financial markets and you also like to think about numbers, then a finance major is worth considering. Earning a Bachelor of Science in Finance can provide you with relevant skills and opportunities to help achieve your academic goals and expose you to numerous career possibilities. If you are having trouble deciding if a Bachelor of Science in Finance and Economics is right for you, here's some questions to consider.
What Will I Study?
Earning a Bachelor of Science in Financegives you the opportunity to study business, money, financial analysis, decision-making, accounting, the economy and internationalism of business and trade. Popular topics include financial evaluations, management of businesses and finance functions within modern corporations while considering legal and ethical issues in business. You will learn to use spreadsheets and other software used to process and present financial data. While a bachelor’s degree in finance will build upon your finance skills, you will also be taught leadership and communication skills.
What Traits Should I Possess?
When dealing with finances, it is extremely important to be detail-oriented, organized, analytical and a good communicator. It is also important to embrace an open, curious, entrepreneurial and innovative spirit while obtaining strong leadership skillsso that you may understand how business decisions affect financial goals and objectives. You will need strong mathematical and statistical skills in order to understand and analyze the financial data.
What Are My Job Prospects?
As a graduate of the Bachelor of Science in Finance, you may explore a career in any enterprise where money is the medium of exchange. Typical examples include corporate finance, banking, insurance or investment management. However, all businesses, including nonprofit and government organizations require the use of money and an understanding of the economy. Here are some of the career options to consider:
- Financial planner
- Financial analyst
- Investor relations associate
- Budget analyst
- Load officer
- Accountant
- Credit managers
- Risk managers
You can also consider enhancing your knowledge by applying for a master’s degree in finance. Earning an MBA in Finance degree will prepare you to work in business management positions, often in investment banking and corporate finance. Alternatively, pursuing a master’s degree may offer students more of an opportunity to integrate mathematics, economics, accounting and associated disciplines with the theories and application of finance.
Key Benefits of Getting a Finance Degree
Finance is a high-stakes industry. Individuals and corporations will not trust their financial future to just anyone. That is why getting a finance degree is extremely valuable. Getting your finance degree allows you to:
- Master skills that prepare you for real-world job responsibilities
- Work for wide range of employers
- Set the stage for getting professional certifications
- Choose from a wide range of financially-rewarding careers
- Join a popular industry that expects a stable growth
How To Decide?
Finance is an exciting major with plenty of career opportunities. If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation. To decide, you should understand what this degree offers and if it suits your interests.
If you are organized, detail-oriented and enthusiastic about helping businesses succeed, then a Bachelor of Science in Finance from Grand Canyon University could be the perfect fit for you! Learn more about our business degrees by visiting our website or clicking on the Request More Information button at the top of the page.
The views and opinions expressed in this article are those of the author’s and do notnecessarily reflect the official policy or position of Grand Canyon University. Any sources cited wereaccurate as of the publish date.
FAQs
If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation.
Is a bachelor's degree in finance enough? ›
Work for a wide range of employers.
A minimum of a bachelor's degree is required for nearly all finance professions. Whether you want to work on Wall Street, for the SEC, or a financial planning consultancy, a finance degree will give you the foundational knowledge you need to start your career.
What kind of person should go into finance? ›
Individuals with analytical minds and strong attention to detail make good candidates for in-demand careers in finance.
How do you know if a business major is right for you? ›
Is It Right for You? Ask Yourself
- Am I interested in business-related fields like management, accounting, finance, marketing, etc.?
- Do I consider myself a leader or am I interested in putting myself in leadership roles?
- Do I enjoy communication and working with others?
If you're good at math or like to work with numbers, this may be the career to pursue. If you like to solve complex problems or if you are interested in organizing information, you might want to learn more about this career path.
Is finance a difficult major? ›
Is Finance a Hard Major? Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.
Is finance hard if you're bad at math? ›
It's normal to have these thoughts and it's good to ask these kind of questions before you get into it. Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators.
What are the cons of finance major? ›
Cons of getting a finance degree
Long hours: Many finance jobs require long hours, particularly in investment banking and other high-pressure roles. Stressful work environment: The finance industry can be stressful, particularly during economic uncertainty or market volatility.
Are finance majors oversaturated? ›
The Most Oversaturated College Majors: Finance, Computer Science, Marketing.
What personality is best for finance? ›
Introverted sensors, ISTJs are known as the best personality type for accounting jobs, CFO positions, or careers as auditors. This type is loyal, hardworking, and understands the importance of their roles; but the real predictor of success here is their analytical nature that enables them to work quickly and precisely.
1. Investment Banker. Roles in investing banking are highly sought after. For investment bankers, it's often a higher competition to land a role in one of the largest firms.
Is finance harder than accounting? ›
Is finance harder than accounting? Accounting relies on precise arithmetic principles, making it more complex, whereas finance requires a grasp of economics and accounting without as much mathematical detail.
What's the easiest business major? ›
5 Easiest Business Degrees
- Bachelor of Science in Business Administration (BSBA) ...
- Bachelor of Arts in Marketing. ...
- Bachelor of Science in Entrepreneurship. ...
- Bachelor of Arts in Human Resources Management. ...
- Bachelor of Science in Hospitality Management.
Here are six factors to consider before choosing a major.
- What Are Your Biggest Priorities? ...
- What Are You Interested In? ...
- What Are You Good At? ...
- What Are the Highest-Paying Fields? ...
- How Rigorous Will the Coursework Be? ...
- What Does Your Academic Advisor Say?
Most in-demand business majors
- Finance.
- Accounting.
- Business administration/management.
- Logistics/supply chain.
- Management information systems.
- Marketing.
The skills gained through finance coursework can be universally applied in not only financial services but also business (even life) in general. Finance majors build knowledge related to nearly every operational area of an organization, including accounting, sales and lead generation, human resources, and marketing.
How do you know if your major is right for you? ›
Start by thinking about your interests and strengths because these can point you toward a major you'll enjoy. Research different majors and their requirements to see which ones align with your goals and aspirations. Don't be afraid to seek advice from academic advisers and professionals.
Do I want to major in finance? ›
A finance major may seem like a natural choice if you love working with numbers and money. Yet, finance graduates do so much more. They provide valuable services to corporations, small businesses, non-profits, and individuals to help them manage a critical resource.
What GPA should a finance major have? ›
You could potentially break in with a 2.8 GPA, but that is the exception, not the rule. You really want to aim for a 3.7+ GPA with strong extracurricular activities.
