Online Colleges Offering Associate Degrees in Finance
Whether they rank among the major players on Wall Street or serve the needs of customers along Main Street, companies rely on financial professionals to keep business moving forward. Balanced budgets and accurate recordkeeping are essential to ensure a company’s fiscal well-being. A wide variety of corporations depend on individuals who are trained in the methods, policies and regulations of finance, both to manage bottom lines and ensure proper tax practices. An online college associate degree in finance can help prepare students for a career crunching numbers and balancing books, addressing the financial needs of companies large and small.
What does an Associate Degree in Finance from an Online College Entail?
Students interested in online finance colleges can choose from several associate degree options. Online colleges offer associate degrees in business administration, accounting and/or economics (either as an associate of arts or an associate of science degree). Students learn about financial and asset management, as well as micro- and macroeconomic principles. Curriculums also include methods of analyzing and interpreting accounting information and preparing financial statements and tax documents. Coursework enables students to learn about fundamental financial principles within the context of marketing, management, investments, accounting and economics.
Many online colleges allow students to operate on their own individual schedules, simulating environments they will encounter during their professional careers. Students can typically complete assignments and take tests within a given timeframe, allowing more flexibility than a traditional classroom setting. The independence that online programs provide translates well to the professional world. For example, online students are required to complete tasks with minimal supervision, giving them experience prioritizing their workload and accomplishing tasks independently, which are essential skills for a career in finance.
Related Careers for Graduates of Online Associate Degree Programs in Finance
An associate degree in finance could lead to a variety of career paths, including entry-level positions as a junior accountant/bookkeeper, accounts payable coordinator, client billing specialist, loan processor/officer, financial planner, credit/insurance analyst or collections manager. Following graduation, individuals may find employment with finance departments of corporations or government agencies, as well as banks, mortgage firms, insurance companies, or tax preparation and bookkeeping services.
The Bureau of Labor Statistics (bls.gov, 2012) has employment data for a number of occupations related to finance, including bookkeeping, accounting and auditing clerks. These occupations are expected to grow 14 percent between 2010 and 2020, mirroring estimates for the national average for all careers surveyed. Bls.gov anticipates a greater demand for these workers as the number of organizations increases and financial regulations become stricter.
Although graduates can pursue different career options after completing an associate degree program, some may choose to further their education. Earning a bachelor’s degree in finance or a related field can serve to enhance a student’s education as well as increase their marketability. Individuals considering a career in finance can inquire about specific degree programs with the online colleges below.
Bookkeeping, Accounting and Auditing Clerks, Bureau of Labor Statistics, 2012