Associate’s Degree

Someone interested in becoming a finance major has the option of pursuing an associate’s degree in finance, but this is not an option that is commonly pursued. There are several reasons why most high school graduates interested in pursuing a finance major usually enter a bachelor’s degree program rather than an associate’s degree program. For one thing, there are many more bachelor’s degree programs available to choose from compared to associate’s degree programs. Another, probably more significant, reason involves job opportunities available after graduation. The majority of entry-level positions in financial professions require a bachelor’s degree. However, an associate’s degree program has certain advantages as well.

All associate’s degree programs require their participants to either have a high school diploma or a general equivalency diploma (GED) before entry. The requirements for entry into an associate’s degree program typically are not as extensive or difficult as those of a bachelor’s degree program. If you struggled academically in high school but would like to pursue a career in finance, an associate’s degree program may be for you. Then, once you have some working experience and would like to advance in your career, it may be an option to enter a bachelor’s degree program as a nontraditional student.

Another advantage to an associate’s degree program is that it is considerably less expensive than a bachelor’s degree program. If for any reason you are unable to obtain enough financial aid to make entry into a bachelor’s degree program feasible, you may want to consider entry into an associate’s degree program instead. This will at least give you enough education to obtain an entry-level position in financial services or banking.

An associate’s degree program may be to your benefit if personal or financial circumstances do not permit a great amount of time to complete your degree. An associate’s degree program can usually be completed in 18 months to two years, as opposed to four to five years for a bachelor’s degree program. If you want to get into the working world as soon as possible and are satisfied learning just the basics of finance, you may want to consider an associate’s degree program.

Also, a growing segment of the population is unable or prefers not to attend classes on a traditional college campus. Associate’s degree programs are more widely available online than bachelor’s degree programs, so if your circumstances make online education degrees more attractive than attending on-campus classes, an associate’s degree program may be the way to go.

While there are definite drawbacks to an associate’s degree program, it may be something to consider if you are interested in becoming a finance major and your high school academic performance is weak, you cannot afford or do not desire to spend more than two years pursuing a degree, or you would prefer to obtain your degree through an online program. Be sure to carefully consider your options, because the pursuit of a finance degree of any level will take significant resources on your part.

Last Updated: 06/08/2014

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