Bachelor’s Degree in Finance Program Guide

Genevieve Carlton, Ph.D.
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Updated on September 17, 2024
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Considering a finance degree? Discover finance degree salary data, in-demand finance degree careers, and how to find the right program.

Key Takeaways

  • A bachelor’s degree in finance is a four-year program where you’ll learn about money managements.
  • Finance students typically study corporate finance, risk management, investment strategy, and financial analysis.
  • Finance majors can qualify for careers as financial advisors, financial analysts, accountants, and consultants.

Finance majors can see a major return on their investment. That’s because a finance degree prepares you for high-paying, in-demand careers. If you’re ready for the fast-paced world of finance, keep reading to learn more about earning a bachelor’s degree in finance.

What Is a Finance Degree?

Business is the most popular college major, according to the National Center for Education Statistics (NCES). In fact, business majors make up 19% of all bachelor’s degrees conferred. But what is finance, and is a finance degree right for you?

Finance is all about money management. Personal finance focuses on individual savings and investments, while corporate finance manages risk while maximizing investment returns. During a finance degree, you’ll explore core topics like financial institutions, cash flow, and capital structure. You’ll also learn how to manage financial investments, forecast economic trends, and allocate assets.

When it comes to finance degree careers, you’ll have options. Some of the best jobs to get with a finance degree include financial analyst and financial advisor. These are some of the highest-paying careers in business and finance, according to the Bureau of Labor Statistics.

Featured Online Finance Programs

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Finance Degree Courses and Concentrations

During your bachelor’s degree in finance, you’ll explore financial and accounting concepts. After completing foundational business classes, you can take upper-division courses in financial economics, investment strategy, real estate, and other specialized topics.

Common finance courses include:

  • Financial analysis: Learn about business financing, risk analysis, budgeting, and financial strategic planning, including real-world applications of finance concepts.
  • Corporate finance: Explore capital budgeting, asset management, and dividend policy with an emphasis on corporate financial management.
  • International financial management: Examine financial challenges that businesses with international footprints face, including foreign investment financing.
  • Risk management: Evaluate financial risk management strategies and learn how businesses manage risk. Topics may include interest rate risk, futures, credit risk, and foreign currency risk.

Many finance programs incorporate case studies, group projects, and hands-on learning opportunities to strengthen career-ready skills. You may also complete an internship.

How to Get a Finance Degree

Before declaring your finance major, you’ll need to apply to colleges that fit your budget, schedule, and timeline. Here’s what you need to know to start the process.

How Long Does It Take to Get a Finance Degree?

Earning a bachelor’s degree in finance generally takes around four years for full-time students. During that time, you’ll complete a minimum of 120 credits, including general education requirements and finance coursework.

If you have transfer credits or enroll in an accelerated program, you can complete your degree in less time. For example, incoming students with an associate degree typically only need two years to complete a bachelor’s degree.

How to Apply for a Finance Degree Program

At most colleges, you’ll need to submit an application to the school before declaring your finance major. The good news is that there aren’t prerequisites at most colleges. As long as you have a high school diploma or the equivalent, you’ll likely meet the requirements.

Your college applications will likely require the following:

  • Official high school and college transcripts
  • Standardized test scores (optional at some schools)
  • Letters of recommendation
  • Application essays

You’ll also need to pay an application fee. Some schools do not charge application fees; you can also apply for an application fee waiver if you meet income eligibility requirements. Submitting your applications through a system such as the Common App can streamline the process.

How Much Does a Finance Degree Cost?

The cost of a finance degree varies widely. At a public college, in-state students pay an average tuition rate of $9,750 per year, while private colleges cost around $35,250 per year on average, according to 2022-2023 NCES data.

By choosing an affordable finance program, you can boost the ROI of your degree. You can also save money by maximizing your transfer credits and researching financial aid. Submit the FAFSA annually to qualify for federal student aid programs such as the Pell Grant. Many states and colleges also use the FAFSA to award scholarships and grants.

What Can I Do With a Finance Degree?

What are the best jobs to get with a finance degree? Finance majors pursue high-paying, in-demand careers in a variety of fields.

Finance Degree Jobs

A bachelor’s degree in finance prepares students for roles in corporations, government agencies, nonprofit organizations, and institutional investors, such as insurance companies and hedge funds. They may also pursue careers in banking and other financial services. Almost every industry requires professionals who can advise clients and businesses on growing wealth, making investments, and diversifying portfolios.

Career paths with a finance degree include accountants, financial analysts, and financial planners. Some careers require certification. Additionally, some employers prefer candidates with graduate degrees for management and leadership roles. Students looking for advancement opportunities can consider schools that offer dual-degree tracks that lead to a bachelor’s and master’s degree in five years.

How Much Money Can I Make With a Finance Degree?

How much do finance majors earn? Digging into finance degree salary data reveals how this degree can pay off. The highest-paying jobs with a finance degree report median salaries of around $100,000 per year. Learn more about demand and salary data in the table below.

Popular Finance Degree Jobs
Job TitleMedian Annual Salary (May 2023)Job Growth Rate (2022-2032)Description
Financial Advisor$99,58013%Recommend investment and savings strategies; research and report on investments
Financial Analyst$99,8908%Evaluate financial data and business trends; manage portfolios of investments
Finance Manager$156,10016%Plan for long-term financial goals; direct investments; report on financial plans
Management Consultant$99,41010%Evaluate organizations to suggest strategies that reduce costs and improve efficiency
Accountant$79,8804%Prepare financial records and tax returns; evaluate financial documents
Source: BLS

Continuing Education in Finance

After earning a bachelor’s degree in finance, you can apply for entry-level jobs and gain work experience. Professional certifications like the certified financial planner (CFP) or chartered financial analyst (CFA) can help showcase your expertise. You’ll typically need several years of professional experience to meet certification requirements.

A finance degree also offers a strong foundation for graduate school. For example, you can earn an MBA or a master’s in finance. A graduate degree strengthens management and finance skills, and many employers prefer to hire candidates with a master’s degree for roles such as financial manager.

What to Consider Before Choosing a Finance Program

Hundreds of colleges offer finance degrees. How can you find the right program for you? Here are some factors to consider when comparing finance programs.

Cost

The total cost of a finance degree can vary by tens of thousands of dollars per year. Consider your budget and your financial aid options when researching programs, and look beyond tuition rates to consider fees, textbooks, and other expenses. Comparing costs can help you boost the ROI of your degree.

Program Length

While bachelor’s programs require a minimum of 120 credits, program length can vary depending on your transfer credits, the program format, and program requirements. Reputable programs will provide data on the average time to get a degree for recent graduates. You can also request a transfer credit evaluation to get the most out of your prior college experience.

Accreditation

Always choose an accredited institution for your finance degree. You can also look for a business school with programmatic accreditation to make sure your finance program follows the best practices in the field. Confirm your program’s accreditation status by using the Database of Accredited Postsecondary Institutions and Programs from the Department of Education.

Program Format

Is an online or in-person program better for your schedule and learning style? With many program format options, including hybrid, self-paced, and accelerated programs, you’ve got options. If you’re considering online programs, research their accreditation status and online student services to find a reputable option.

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