Benefits of a Finance Degree with a Minor in Accounting

Finance Major/Accounting Minor – Five Great Reasons to Earn This Degree

  • Career options
  • Industry growth
  • Great pay
  • Career flexibility
  • Personal benefits

Are you ambitious? Do you enjoy working with numbers? A degree in finance may be the right path for you! Financial careers are multifaceted and require professionals to have a specific set of knowledge and skills. Adding a minor to your degree could enhance your knowledge and skills and increase your chances of landing the perfect job after graduation. There are multiple benefits to choosing this degree path.

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1. Wide Variety of Career Possibilities

A finance degree can open doors to a wide variety of careers in the financial world. Some examples can include:

  • commercial or investment banking
  • hedge funds
  • venture capital
  • financial planning
  • insurance
  • public accounting

With the options available, you would be able to find a career that fits your skillset and passion. Professionals need to conduct research to find the best job that is compatible with their skills. This degree would provide a lot of career opportunities upon graduation.

2. Fast-Growing Field

This degree would not only provide a wide variety of career possibilities, but these focuses are both career fields that are continuing to experience growth and job increases each year. You would have a degree that provides multiple job opportunities in a growing field. It increases your chances of landing a job right after graduation. Businesses and individuals will continue to need expert advice from a professional to budget and invest one of their most valuable assets. This will ensure that you will not only find a job but have job security in the financial world for years to come.

3. Competitive Pay

When trying to decide on a career path, one of the most important questions to ask is: “What is the average salary for this career?” Financial occupations enjoy a median annual salary of $69,820, which is higher than the median wage of $39,810 for all professions, according to the Bureau of Labor Statistics.  With this degree, you would land yourself a solid job. It would be  one with a great salary that would continue to increase with promotions and continual education.

4. Ability to Work in Other Fields

Earning this degree could land you a job in any financial institution. You could also use the skills you gain with your degree to work in a field outside of finance. Some other fields could include:

  • real estate
  • non-profit organizations
  • entrepreneurship

If you think working in a financial institution might not be the best choice for you, then your degree could enable you to work for an organization that speaks to you. You could even start your own business.

5. Managing Money as a Personal Benefit for Financial Skills

There are so many professional benefits to earning this degree. There are personal benefits for you and your family as well. Developing the skills to manage and budget money and invest wisely can help you manage your own money and increase your wealth. Instead of hiring a professional to handle your money, you would be the one in charge of your money and know the best management and investing solutions to build your own portfolio.

The benefits of earning a finance degree with a minor in accounting can be both professional and personal. You would be entering a career that:

  • has endless possibilities
  • is experiencing continued growth
  • has competitive pay
  • allows you to work in a variety of different fields
  • increases your own wealth

Selecting a degree path can be hard, but a focus in finance and accounting will lead to a prosperous career and life.

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