Are you thinking about working toward your Master’s Degree for a career in finance? Have you always had a natural understanding of how to manage your money? Would you like to help others with theirs? This is probably a great option for you. The financial field offers a lot of potential for growth and opportunity. It can be very rewarding as well. If you’re not sure whether you want to get a finance degree online or not, check out these amazing benefits.
1. It Will Earn You a Great Salary
One of the primary reasons people choose to get a financial degree is that it almost guarantees you a good salary later in life. According to the Bureau of Labor Statistics, financial analysts earn an average of $73,940 each year. That’s pretty close to the benchmark determined by a Princeton University study a few years ago. It showed that an income of $75,000 a year led to the most happiness and satisfaction.
2. There Will be a Lot of Room for Growth
With a degree in finance, you can do a lot more than just analyze budgets. Financial sales agents earn over $100,000. Financial managers can make up to $130,000 or more. It might take some time for your career to develop enough to reach such levels, but the potential for growth in this industry is more than worth the effort. The Bureau of Labor Statistics found that finance positions are growing quickly in the United States.
3. Studying Online Offers Freedom
Maybe you really want to go into finances, but you don’t have the time to devote to a full class schedule. Studying online allows you to complete your courses at a pace you feel comfortable with. You can hold down a regular job while studying at night or on the weekends. The ease of online classes also allows you to learn in an environment that’s comfortable for you, whether that means:
- your bedroom
- your home office
- even your local library
4. Finance is a Niche Field
Some degrees give you a broad education on a topic, such as business. If you get a business degree, you’ll naturally be learning about finances somewhat, since finances are a major part of operating a business. However, if you get a financial degree, you’ll be able to offer niche expertise to any future employer. It’s generally true that the more fine-tuned your skills are, the more valuable you are. With a finance degree, you’ll be able to go to a job interview and confidently explain the precise knowledge you have to offer.
5. You’ll Have a Variety of Opportunities
With a degree in finance, you will have many different career options to choose from. You can work with:
- Investment companies
- Corporations
- Financial planning services
- Banks or credit unions
- Insurance companies
- Hospitals or doctor’s offices
- Brokerage firms
- Individuals
For such a niche field, there are a lot of paths you could go down. Many of these careers differ quite greatly considering they are all related to finance. With this degree, you can choose a job that works with your lifestyle and personality.
At the end of the day, a career in finance is about helping people. Many people struggle to manage their assets, and whether you’ll be working with individuals or businesses, your help will be much appreciated. There’s a lot of satisfaction in knowing you have earned skills that benefit the world, and studying finances online will help you get there.
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