Bachelor’s Degree

The bachelor’s degree in finance is the most popular degree for a potential finance major to pursue. Virtually all bachelor’s degree programs require the student to have a traditional high school diploma or general equivalency diploma (GED) prior to admission. Most colleges and universities will also want to see high school transcripts, ACT or SAT scores, counselor letters of recommendation, teacher letters of recommendation, a listing of extracurricular activities and leadership positions held while in high school, and quite possibly a personal essay.

A bachelor’s degree program in finance usually takes four to five years to complete. It is a requirement for many entry-level positions in the financial industry. Upon completion of the program, you will be prepared for work in personal financial planning, accounting, the stock market, or banking. Because of the popularity of the bachelor’s degree program, you will certainly have a wide variety of programs from which to choose that are located all over the United States. You will also be prepared to enter a master’s degree program upon graduation if you desire.

However, depending on your personal circumstances, there are disadvantages to pursuing a bachelor’s degree in finance right out of high school. Most bachelor’s degree programs require a certain amount of course planning on your part. Since you can pursue several different career paths with a bachelor’s degree in finance, it will be advantageous to have some idea of what area of finance you would like to work in after you graduate. If the area of finance interests you but you are not sure in which area of finance you would like to pursue in a career, it may be to your advantage from an economic standpoint to enter an associate’s degree program or a junior college first to further explore your options.

When advantages and disadvantages are weighed, most people interested in pursuing a finance major opt to obtain a bachelor’s degree. This is in large part due to the greatly expanded career opportunities a bachelor’s degree affords upon graduation. Most finance majors consider the additional cost of a bachelor’s degree in finance compared to the associate’s degree worthwhile because of the additional career opportunities a bachelor’s degree in finance affords. A bachelor’s degree in finance carries significantly more weight in the working world than an associate’s degree in finance. However, once you have been in your chosen profession for a few years, you may find that you need additional formal education to advance into financial management positions. This is when the obtaining of a master’s degree in finance may be considered as the best path for further career advancement.

Last Updated: 09/18/2014

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