Students who are heading to college often can’t decide on a major. They don’t want to limit themselves and are afraid of making the wrong decision. With a double education in more than one program, they don’t have to choose and limit their schooling. A student who is passionate about finance and another subject will be able to pursue both at the same time.

Resource: 20 Best Online Master of Finance Degree Programs 2016

What is a Dual Degree?

Double, or dual, degrees allow you to combine your education and finish school in a quicker amount of time. For example, when you take a class in managerial economics, you’ll be able to apply those credits to both a financial education as well as a business management program. If you were to get one diploma then head back to school for your second one, it’ll take 6 to 8 years depending on the program. You can shave time from that process with a double education program.

Benefits of a Dual Education

  • Time – While it’ll take a bit longer than a 4-year program, a double program of study will still take less time than pursuing both separately. If you’re going to be studying for both degrees, it makes sense to take them together.
  • Flexibility – You’re able to change careers conveniently without heading back to school. A money manager with a focus in law can easily switch to practicing law on a full-time basis. It’ll be important to make sure that all certifications and licenses are current to do this.
  • Networking – With all of those classes under your belt, you’ll know more people and have a network of college associates to call on when you are finished earning your college diploma.
  • Money – When you can take one class and apply it to both programs, you’re saving money on your education. That means less loans to repay when you’re done with college.
  • Competitive Advantage – A person with two degrees has an advantage over a candidate with only one. This gives you the ability to pick and choose where you’d like to work after graduation.

Business Management and Finance

Business management and financial degrees are ones that meld together beautifully. They allow you to find a job in the financial department of a major corporation as well as advancing into a management position at a later date. You’ll have virtually planned out the next 5 to 10 years of your career path. A Financial Manager has a median income over $100,000 too.

Finances and Law

While there’s no job that requires these joint degrees, you’ll have the advantage of being able to get a job in corporate law or bankruptcy law with this kind of degree. It’s vital that you decide on your career path before pursuing this kind of double education. It’s a very specific program that might not be right for every candidate.

The best financial programs with a double education are those where they allow you to get a specific education to further your goals. If you hope to become a financial analyst at a Fortune 500 company, you’ll have an advantage with a financial and business management diploma in your pocket.