A degree in finance is an excellent choice for those interested in a career in the financial industry. This degree program covers various topics, including financial management, accounting, investment principles, and financial analysis. Through this program, students learn how to make informed decisions about managing and investing money and understand financial markets and institutions. Graduates with a finance degree can pursue career opportunities in various industries and organisations, including banks, accounting firms, government agencies, and more. 

Let's discuss 10 Reasons To Study Finance:

High earning potential: Graduates with a finance degree often have the potential to earn high salaries in various industries such as banking, investment, insurance, and more. Many jobs offer competitive compensation packages, including bonuses and stock options. For example, investment bankers can earn an average salary of $150,000 to $200,000, while financial managers can earn an average salary of $125,000 to $175,000.

Career opportunities: Finance is a diverse field with many career opportunities. Graduates can work in banks, financial institutions, accounting firms, investment firms, and other financial organisations. They can work as a financial analyst, investment bankers, financial planners, and more. Financial Analysts are responsible for studying financial data and making recommendations to management, while Investment Bankers help companies raise money in the capital markets. Financial planners help individuals and companies plan their financial futures by analysing their current financial situation and providing recommendations for investment and savings.

Global opportunities: Finance is a global field, with opportunities available in many countries worldwide. Many companies have a presence in multiple countries, providing international experience and travel opportunities. Graduates with a finance degree can take advantage of these opportunities to gain valuable experience and broaden their perspectives. They can work with global companies, financial institutions, and multinational corporations and get the chance to travel and work in different countries.

Constant innovation: Finance constantly evolves with new technologies, regulations, and trends. Studying finance keeps students up-to-date with the latest developments and provides them with the knowledge and skills to adapt to the changing industry. This allows graduates to stay competitive in the job market and be prepared for new opportunities. For example, the rise of fintech has brought new technologies, such as blockchain and cryptocurrency, changing the way finance is conducted.

Problem-solving skills: Finance requires strong problem-solving skills to analyse financial data, develop economic models, and make investment decisions. These skills are highly valued in many industries and can be applied to various business areas, such as management and strategy. For example, a financial analyst may need to use problem-solving skills to identify trends in economic data and make recommendations to control. In contrast, an investment banker may use problem-solving skills to structure a complex financial transaction.

Job security: The finance industry is always in demand, providing graduates with great job security. As long as there is a need for financial services, there will be a need for finance professionals. This gives graduates the peace of mind that their skills will be in demand for the foreseeable future.

Collaborative field: Finance is a collaborative field that requires teamwork, strong communication skills, and the ability to work well with others. These skills are highly valued in many industries and can be applied to various business areas, such as marketing and sales. For example, an investment banker may need to work closely with clients to understand their needs and develop financial solutions that meet them. In contrast, a financial planner may need to work with clients to understand their financial goals and develop a plan to achieve them.

Wide range of specialisations: Finance is a broad field with a wide range of specializations, such as corporate finance, investment management, financial analysis, financial planning, and more. This allows students to tailor their education and career to their interests and strengths, helping them find a job they are truly passionate about. For example, someone interested in assisting companies in raising capital may specialise in corporate finance. In contrast, someone interested in helping individuals plan for their financial future may specialise in personal financial planning.

Entrepreneurship: A finance degree can be an excellent foundation for those interested in starting their own business. Financial knowledge and skills are crucial for any entrepreneur, as they need to understand how to manage and invest their finances and those of their business. Understanding financial management, accounting, and investment principles can help an entrepreneur make informed decisions and increase the chances of success for their business.

Versatility: Finance is a versatile field that can be applied to various industries and organisations. Finance professionals can work in private, public, or non-profit organisations. This provides graduates with a wide range of opportunities and the flexibility to explore different career paths. For example, a finance professional may work in a bank, accounting firm, or government agency. They can also work in various industries, such as healthcare, real estate, and technology.

In conclusion, a degree in finance provides a strong foundation for a successful career in the finance industry, with opportunities for high earning potential, diverse career paths, global opportunities, and more. The field is constantly changing, allowing graduates to stay up-to-date with the latest trends and technologies while developing valuable skills in problem-solving, teamwork, and communication. It can also be an excellent foundation for those interested in starting their own business and offers versatility in the type of organisation and industry they can work in.

Career Scope in Finance

A degree in finance opens up a wide range of career opportunities in various industries and organisations. Some popular career options include:

• Investment Banking: Investment bankers help companies and governments raise money by issuing and selling securities. They advise clients on mergers and acquisitions and provide financial analysis and strategic planning.
• Corporate Finance: Corporate finance professionals work within a company and are responsible for financial planning, strategy, and risk management.
• Financial Analysis: Financial analysts provide investment recommendations to individuals and organisations by analysing financial data and market trends.
• Accounting: Accountants are responsible for maintaining financial records and ensuring that taxes are paid on time and accurately.
• Risk Management: Professionals help organisations identify and mitigate potential financial risks.
• Wealth Management: Wealth managers advise high-net-worth individuals and help them manage their investments.
• Commercial Banking: Commercial bankers work with businesses and individuals to provide loans, credit, and other financial services.
• Actuary: Actuaries use mathematical and statistical techniques to assess and manage risk for insurance companies and other organisations.
• Financial Planning: Financial planners help individuals create long-term financial plans and advise on investment, insurance, and retirement planning.
• Real Estate Finance: Real estate finance professionals work with developers, investors, and lenders to finance real estate projects and provide advice on real estate investments.

Salary in Finance Degree

The salary for a finance degree graduate can vary depending on several factors, such as the type of job, level of experience, location, and company size.

• Investment Banking: Investment bankers can expect to earn a high salary, starting salaries around $70,000 to $150,000 annually and potentially making even more with bonuses and commission.
• Corporate Finance: Corporate finance professionals typically earn around $70,000 to $125,000 annually.
• Financial Analysis: Financial analysts can expect to earn an average salary of around $60,000 to $110,000 per year.
• Accounting: Accountants typically earn an average salary of around $50,000 to $90,000 per year.
• Risk Management: Professionals earn around $70,000 to $120,000 annually.
• Wealth Management: Wealth managers can expect to earn an average salary of around $75,000 to $150,000 per year.
• Commercial Banking: Commercial bankers typically earn an average salary of around $50,000 to $100,000 per year.
• Actuary: Actuaries typically earn an average salary of around $80,000 to $150,000 per year.
• Financial Planning: Financial planners typically earn around $50,000 to $100,000 per year.
• Real Estate Finance: Real estate finance professionals typically earn an average salary of around $60,000 to $120,000 per year.