5 Majors to Consider for a Career in Finance – BigFuture (2024)

FAQs

What majors go well with finance? ›

There are four main areas of finance: banks, institutions, public accounting and corporate. Courses within the finance major provide a solid background in many subjects including: Financial markets and intermediaries. Measuring the risk and return of investments.

Many companies say your major does not matter, claiming they hire people from all backgrounds, including art majors. No doubt they do, but it is certainly better to apply for finance jobs with a finance-related degree.

A finance program helps students develop finance skills that will serve them in their future finance jobs. You will get to learn all about data analysis, capital allocation, investment strategy, and risk management. The fun doesn't stop at technical skills, though.

Finance degrees are generally considered to be challenging.

The finance professionals' basic activities are the 5 A's - assemble, analyse, advise, apply and accumen.

A finance degree offers students a thorough understanding of banking, trading, and economics. Finance is the study, acquisition, and management of money and investments. The field includes banking, credit, debt, and capital markets activities, which are all driven by economic principles and practices.

A doctorate is the highest academic qualification attainable by a finance professional. Doctoral students can pursue either a doctor of business administration (D.B.A.) with a concentration in finance or a Ph. D. in finance.

Can I major in finance if I am bad at math? ›

Therefore, finance major is not centered around math. Actually, there are other skills that really counts and important in finance: interpersonal skills and analytic skills.

Yes, GPA matters! Bulge bracket banks and almost all other investment banks will look at your GPA when applying for a job and you should include it in your resume. Typically banks screen resumes based on GPA and will often remove anyone below 3.5.

In general, you can't go wrong with a major in business or economics; both will serve as a sound foundation for a financial planning or advisory career.

The degree is usually offered as a Bachelor of Arts (BA) in Finance or a Bachelor of Science (BS) in Finance, depending on the school.

While the financial industry is traditionally associated with high wage earners, making it into the top three paying industries of 2024, there are 10 specific finance careers or jobs that hold significant salary potential and are showing promising signs of growth and industry demand.

For many entry-level positions in the finance world, a bachelor's degree in finance (or a similar business degree) is required to even be considered. A bachelor's degree will prepare you with the basic foundation you will need in order to succeed in a finance career.

People who have a bachelor's degree in finance take in $124,000 a year on average, according to data collected by Comparably. 1 However, and it becomes apparent just how many finance-related careers pay well above average. Here's a look at how you can expect to fare in some of the field's more common occupations.

Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.