Online Colleges Offering Bachelor Degrees in Finance
Whether discussing recessionary spending or retirement planning, finances play an important role in our day-to-day lives. Finance professionals apply their knowledge of the economy to budgets and balance sheets, working to ensure that companies and individuals maintain a healthy bottom line. A bachelor’s degree in finance from an online college can help students develop the money management and financial planning skills that are essential to keep businesses and households running smoothly.
What does a Bachelor’s Degree in Finance from an Online College Entail?
Several online business colleges offer Bachelor of Arts or Bachelor of Science degrees in finance, while others offer a bachelor’s in business administration with a concentration in finance, accounting and/or economics. Global markets are in a constant state of fluctuation, always impacting local economies. As a result, finance programs aim to equip students with the necessary skills and knowledge to navigate this complex industry. Programs cover a wide range of foundational subjects such as: marketing, management, organizational culture, banking, investments, economics, ethics and business law. Students will also study portfolio management and financial markets, micro- and macroeconomic principles and learn how to prepare financial statements and tax documents.
The flexible scheduling of an online program mirrors working conditions that exist in the real world. Just as students have to work independently and plan their time effectively, business leaders must be decisive and manage resources efficiently in order to positively impact their financial status. Taking initiative and shouldering responsibility independently can benefit students during their online program and beyond.
Related Careers for Graduates of Online Bachelor’s Degree Programs in Finance
Various career paths and entry-level positions may be available upon completion of a bachelor’s degree in finance. Graduates commonly enter the workforce as a mortgage banker, stockbroker, personal financial advisor or pension fund manager. Potential employers include banks, mortgage firms, insurance companies, or tax preparation and bookkeeping services, in addition to finance departments of corporations or government agencies. Those interested in gaining more experience should explore internships or fellowships with these organizations, which can help to develop familiarity with financial systems.
The Bureau of Labor Statistics (bls.gov, 2012) estimates that between 2010 and 2020, the number of financial analysts and personal financial advisors is expected to grow 23 percent and 32 percent, respectively, which is much faster than the national average for all careers surveyed. According to bls.gov, millions of baby boomers will reach retirement age during that timeframe, which will lead to an increase in demand for personal financial advisors to work with retirees in order to ensure their financial stability.
Knowledge of financial tools and principles has a practical application, assisting students and their families as they plan, prepare and invest in their future. Individuals can contact the online colleges below for additional information about degree programs that could help lead them to a career in finance.
Financial Analysts, Bureau of Labor Statistics, 2012
Personal Financial Advisors, Bureau of Labor Statistics, 2012