What Can You Do with a Business Degree and a Concentration in Finance?

Calculator and financial documents on a desk
A degree in Finance opens up a world of possibilities and earning potential for the typical graduate. According to PayScale’s College Salary Report for 2017, the average bachelor’s degree graduate in business with a concentration in finance can expect an average starting salary of $57,500 and to earn an average of $97,000 as they gain experience. This field offers abundant opportunity and possibilities and several different career areas and trajectories, outlined in detail below.

What Can You Do with a Business Degree in Finance?
With the education you’ll receive in management, finance, ethics and more, you’ll be well equipped to work in any of the following fields:

Financial Analyst

Either working for an independent agency or for a specific brand, a financial analyst gains a thorough and ongoing understanding of a specific organization’s finances. Responsibilities include analyzing purchasing habits, expenditures, long term investment strategies, risk assessment and more. A financial analyst is well positioned to provide strategic advice about the future of the business and help the executive team and board steer the brand in the right direction.

What is needed for this position?

To secure a position as a financial analyst, you’ll need to complete a bachelor’s degree program. To advance in your career or obtain a competitive position, you may eventually need to go for a master’s degree. The Financial Industry Regulatory Authority (FINRA) provides certification for financial analysts. These certifications can provide an edge for candidates in the marketplace.

Financial Manager

How can an organization gain an accurate idea of their financial health and set long term goals? In many cases, a financial manager is required to track, manage and advise a brand’s financial activities. Financial management requires a sound education, creative and critical thinking and excellent communication skills.

What is needed for this position?

Your bachelor’s degree is the first step towards a career in economic management. Once you complete your business degree in finance, you’ll be able to apply for and secure an entry level position in fiscal management. After a few years of experience, you may decide to return to school to obtain a master’s as well, but this is optional. No specific certification is required for this position, though any related certifications you apply for and receive can help position you as an in-demand candidate for most employers.

Personal Financial Advisor

Individuals and families require assistance in many areas, from succession planning to the formation of trusts, estate planning and more. A personal financial advisor works with one or more clients to help these individuals and families retain as many of their assets as possible. Knowledge in a broad array of areas, ranging from insurance to risk assessment and retirement planning is essential and will help you find success for your clients. If you have an entrepreneurial spirit, this position could grow into an independent business or agency; you could also be employed by a larger, more established brand.

What is needed for this position?

You’ll need to start with your bachelor’s degree and learn about a variety of financial topics important to individuals or families instead of to businesses or organizations. In many cases, working with an established manager or brand can help you learn the skills and the pace of this hands on, rapidly growing field. FINRA licensing is required, but the actual requirements, including SEC registration could vary depending on the services you offer and even the location of your business.

Loan Officers

If you love meeting and working with local businesses and individuals, you’ll enjoy entering the field as a loan officer. You’ll be able to help individuals and businesses succeed, providing advice they can’t get anywhere else. As a loan officer you can work for a local bank or institution and become an integral part of your community. You could also work in a more regional setting, powering bigger brands onto success.

What is needed for this position?

Whether you want to work with individuals or prefer working on a larger scale, you’ll need to complete your bachelor’s degree and may require some certification as well. If you work in mortgages, then there are several certifications and licenses you may need to complete. Depending on your state, you could have some additional requirements as well.

Financial Services Sales Agents

If you love advising friends and family on investing and have an interest in educating others and providing sage advice, then a position as a financial services sales agent might be for you. In this position, you might sell securities or commodities – bankers, brokers and investment firms all hire financial services sales agents.

What is needed for this position?

On the job training is a must, and depending on what commodities you sell, you may need additional certification in addition to your degree. You’ll need some licensing and certification as well, but the actual requirements will vary depending on your specialty.

The education and skills you learn while you earn your business degree in finance can help you find success in many fields, including the popular ones outlined above. Each of these important jobs has one thing in common — a bachelor’s degree from a school such as Post University, one known for business and finance educational excellence. Contact us to learn more about getting your degree and how we can help you achieve your goals.

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