Benefits Gained by Completing an Associate in Finance
- Financial
- Career Flexibility
- Increased Job Opportunities
- Higher Education
- Advisory Capacity
Some might not consider having an Associate in Finance as being a worthwhile career endeavor. However, statistics show there are a number of very powerful reasons an individual might consider earning this degree. Here we discuss some of these benefits.
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Top 10 Affordable Associates Degrees in Finance Online
Top 10 Best Associates in Finance Online
1. Financial
While a high school graduate earns roughly $30,000 annually, individuals with an Associate in Finance earn over $7,000 more per year. The associate degree also allows access to job opportunities unavailable to those without a degree in finance. If a person lands a job at a company that promotes from within, the associate degree allows for upward mobility in the organization. This is usually achieved when a company elects to underwrite the cost of further education for the individual. The entry level pay for an employee with an Associate in Finance degree is around $37,000. A mid-level salary for that degree can be around $46,000.
2. Career Flexibility
An associate degree in finance can be used as a stepping stone to various occupations, including accounting. In addition, degrees in finance are often found in companies that deal with numbers, such as working in an insurance organization. Some attorneys have an associate degree in finance. This provides them with valuable insight when dealing with legal matters involving money and assets.
3. Increased Job Opportunities
Times have changed. Not that long ago, there were well-paying jobs open to those with only a high school diploma. Companies today need to have the best people for the most reasonable salary. This is why many entry-level jobs require at least an associate degree. For an employer, knowing that an individual has the tenacity to attend college and earn a degree shows a level of dedication that might not be seen by a high school graduate.
4. Higher Education
Many individuals with an associate degree in finance choose to continue their education. In most cases, the credit hours earned in the associate degree programs are applied to a bachelor degree program. This creates synergies for students in that they can start exploring the topics that would be a part of a bachelor’s program while earning an intermediate degree. Students who choose to pursue higher level degrees increase their earning potential.
5. Advisory Capacity
One area that can be overlooked by those with an Associate in Finance is being a financial advisor. An article in Forbes states being a financial advisor often does not even require any kind of degree. However, when someone who is knowledgeable about finances looks for a job as a financial advisor, their degree gives them a distinct advantage over those who don’t have one. In addition to the salary, a benefit of being a financial advisor is the satisfaction of knowing that individuals and families are being helped by working with someone who knows and understands how finances work. According to the U. S. Bureau of Labor Statistics, a personal financial advisor has a median salary of over $90,000 annually.
Whether looking to land an entry-level job at a financial firm or to engage in continuing education to earn a higher degree, the benefits of completing an Associate in Finance degree are both great and compelling.
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