Why you should consider a career in Finance?

Thursday, July 28, 2022

Discover the value of learning finance and how it may enhance your personal and professional life. We share the main reasons why you should consider a career in Finance and the best bachelor’s degrees in the US.

The field of finance has been around for a while. Why does it matter? It influences the big and small financial decisions we make every day.

Government and financial institutions have averted an upcoming recession in which financial experts will take on a major role in the economy.

Professionals with a degree in finance are more in demand than ever. Here are the main reasons why you should consider a career in finance.


Defining Finance

Since the dawn of civilized society, finance and financial activity have existed. Humans have always desired more than they currently possess; this has been true from the beginning of civilization. Humans began to look for ways to get things after they realized they lacked what they desired or required.

First, they engaged in a practice known as barter, where they traded products and services with others. Banks and interest-bearing loans were the solution when barter wasn't enough: These institutions that extended credit existed as early as 3000 BC.

The term "finance" refers to the administration of financial resources, which encompasses undertakings like budgeting, forecasting, borrowing, lending, and investing as mentioned by the Corporate Finance Institute.

It primarily addresses issues pertaining to how a person, business, or government obtains money, saves it, uses it, and makes investments. Long story short, finance is the study of money management.

Corporate Finance Institute also lists examples of the activities it carries out. Reviewing these activities will help you define finance. A number of employees carry out financial tasks. Here are some of the most typical instances:


  • Putting personal funds into insured investment certificates, bonds, or stocks (GICs)
  • A public firm borrowing money by issuing bonds to institutional investors
  • Lending them money by giving them a mortgage to purchase a home with
  • Creating a budget and financial model for a company using Excel spreadsheets
  • Maintaining a high-interest savings account for personal funds
  • Making a projection for governmental spending and tax revenue


If they are to succeed, individuals, businesses, governmental organizations, non-governmental organizations, and any other sort of organization must effectively and completely manage their funds effectively.


Why choose a career in Finance?

It's crucial to take into account a variety of aspects when deciding what to study before making a choice that could alter the direction of your life.

Students must take into account their expectations as well as their interests, passions, and talents. However, they must also pay attention to the professions that their desired degrees can lead to, their earning potential, their employability, and the demands of the labor market.

A bachelor's degree in finance is a fantastic choice if you want to pursue a vocation that will benefit you both personally and professionally. This is why:


1. Job stability

Experts in the subject of finances are always in demand because every business, organization, charity, and government must carefully manage their money if they wish to succeed in the market. Their expertise and talents are in high demand, hence this degree has a very high employability rate.


2. Numerous Career Possibilities

There are many different career opportunities available for these individuals because they are crucial to the efficient operation of any firm. Numerous work prospects are available to you if you have a bachelor's degree in finance. Some of them could need more research, but some of the employment possibilities for graduates in finance are as follows:

  • Interest rates and spreads
  • Yield (coupon payments, dividends)
  • Financial statements (balance sheet, income statement, cash flow statement)
  • Cash flow (free cash flow, other types of cash flow)
  • Profit (net income)
  • Cost of capital (WACC)
  • Rates of return (IRR, ROI, ROA)
  • Dividends and return of capital
  • Shareholders
  • Creating value
  • Risk and return
  • Behavioral finance

3. Successful professionals

Since everyone relies on financial principles and tactics, organizations of all sizes, including governments, enterprises, and individuals, are willing to pay financial professionals much for their crucial work.


Earn a Bachelor’s Degree in Finance

As the high demand for financial experts is far from satisfied, now is a perfect time to earn a bachelor's degree in Finance. Program completion is the perfect first step into the financial industry and it will lead you to more opportunities.

A degree will equip you with the necessary information and abilities. The bachelor's degree in finance will give you the fundamental skills you need to launch a career successfully.

Along with teaching you financial knowledge, the Bachelor of Finance degree will also teach you leadership and interpersonal qualities that will help you advance in your job.


This article might interest you: What can you do with a Bachelor in Finance?


Many issues are of significance to the financial sector. We can list behavioral finance, shareholders, risk and return, cost of capital, cash flow, financial statements, interest rates and spreads, among many other subjects, as examples of issues you might run into in your working life.

 Here are some of the best online degrees in Finance:

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