Are finance majors happy?
Overall, finance students rate their satisfaction with their degree a 3.1 out of 5. This is low compared to other degrees which average a rating of 3.28 across all degrees.
Financial careers often involve high barriers to entry, stiff competition among applicants, and a lot of stress. Still, these jobs offer numerous perks, including a challenging work environment, interaction with highly motivated and intelligent colleagues, opportunities for advancement, and excellent pay.
Cons of getting a finance degree
Long hours: Many finance jobs require long hours, particularly in investment banking and other high-pressure roles. Stressful work environment: The finance industry can be stressful, particularly during economic uncertainty or market volatility.
Key Takeaways. You don't need an MBA to work in finance, but the field is highly competitive, especially at the entry-level.
A career in finance offers rewards such as high salaries, job security, and numerous advancement opportunities. It's also intellectually stimulating and allows you to apply your financial knowledge across various industries, making it both financially and personally fulfilling.
Finance was overwhelmingly tagged as the world's most boring industry, with finance-associated positions occupying four of the top five slots on the “most boring” list. The people occupying those “boring” jobs were also not seen as competent, according to the report, which surprised at least one of the study's authors.
📈 According to a study by the Myers-Briggs Company, introverts make up 56.8% of financial professionals, while extroverts make up 43.2%. This means that there are plenty of introverted financial professionals out there who have achieved success in their field.
Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.
One thing to consider when choosing to study finance is that much of what you study during your degree program will include a mix of economics and accounting, which is naturally going to require at least some math, so if you absolutely detest math, then this may not be the right degree for you.
Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.
How do you know if finance is for you?
If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation.
Private equity jobs are some of the most desirable in finance. They're also some of the most difficult to get into. Private equity funds are investors and they're in it for the long term.
- Financial analyst. A financial analyst — sometimes called a business analyst — uses financial data to guide business decisions. ...
- Personal financial adviser. ...
- Accountant. ...
- Loan officer. ...
- Insurance sales agent. ...
- Budget analyst. ...
- Auditor. ...
- Tax specialist.
- Stress: Some finance professionals find that their roles or industries feature stressful work environments. ...
- Long hours: Employees in the financial sector might also work overtime or unusual business hours, such as evenings and weekends.
While ZipRecruiter is seeing salaries as high as $133,726 and as low as $24,673, the majority of salaries within the Finance Degree jobs category currently range between $74,000 (25th percentile) to $107,600 (75th percentile) with top earners (90th percentile) making $133,232 annually in California.
A finance degree can be worthwhile, as it's a versatile degree that can equip you to pursue a range of positions across different industries and sectors. Additionally, you will be taught skills that may be used to your own financial benefit.
As a finance degree heavily depends on financial analysis and modeling, students may find the material more difficult if they struggle with mathematical concepts. However, students seeking an economics degree might have difficulty understanding abstract ideas like economic theory and policy analysis.
While both finance and accounting can be difficult majors, accounting is considered more difficult because it requires more discipline and a lot of math. Accounting is more complex because it relies on precise sets of arithmetic principles.
- Accounting. Accountants often spend most of their time looking through and preparing financial documents. ...
- English. If you enjoy writing of any kind, consider an English major. ...
- Library and Information Science. ...
- Engineering. ...
- Paralegal.
- Librarian.
- Mechanic.
- Paralegal.
- Research associate.
- Social media specialist.
- Software engineer.
- Technical writer.
- Archivist.
Is finance a good major for extroverts?
Finance. Earning a Master's degree in Business Administration with a concentration in Finance could be an excellent educational path for extroverts. An advanced education in principles of business and finance, this major program engages an extrovert's natural sales, leadership and directing characteristics.
You can expect to take several math classes like accounting, calculus, and business math. These courses establish a foundation for finance courses that cover valuation, investing, international banking and finance, econometrics, and buyouts and acquisitions.
The STEM field is a broad one, and it includes many of the most vital, well-researched, and well-funded disciplines in the world. And yet, accounting and finance were never officially recognized as components of the STEM curriculum.
What should one study in college? Students interested in a career in financial mathematics should study calculus, differential equations, finite difference equations, probability and statistics, numerical analysis, and modern algebra.
What is the Hardest Business Major? The difficulty of a business major depends on a number of factors including natural talents, chosen courses, and school. However, one of the hardest business majors is thought to be Accounting.
References
- https://www.wgu.edu/blog/should-pursue-finance-degree2301.html
- https://potomac.edu/best-business-majors/
- https://www.investopedia.com/articles/financial-careers/08/financial-career-options-professionals.asp
- https://www.nobledesktop.com/careers/financial-analyst/career-benefits
- https://www.indeed.com/career-advice/finding-a-job/15-best-jobs-for-introverts
- https://www.gcu.edu/blog/business-management/bachelor-science-finance-right-me
- https://www.zippia.com/answers/is-finance-harder-than-accounting/
- https://www.onlinemba.com/mba-careers/finance/financial-analyst/
- https://www.linkedin.com/pulse/top-traits-look-when-hiring-financial-analysts-heather-fernando
- https://www.quora.com/What-are-the-most-difficult-mathematical-challenges-in-finance-1
- https://csuglobal.edu/blog/finance-hard
- https://www.dentaleconomics.com/money/article/14294878/dental-practice-accounting-using-financial-statement-analysis-to-maximize-your-profits
- https://www.key.com/content/dam/kco/documents/about/careers/Finance_Analyst_Day_in_the_Life.pdf
- https://www.buysidehustle.com/how-much-do-people-in-finance-make-lets-just-say-millions/
- https://scholarships360.org/college-admissions/jobs-for-introverts/
- https://money.usnews.com/careers/company-culture/slideshows/the-most-stressful-jobs
- https://www.wgu.edu/blog/finance-degree-difficult2301.html
- https://work.chron.com/required-proficiencies-work-financial-analyst-16022.html
- https://www.linkedin.com/pulse/accounting-officially-part-stem-heres-why-
- https://www.investopedia.com/articles/financialcareers/06/financialanalyst.asp
- https://mergersandinquisitions.com/is-finance-a-good-career-path/
- https://www.ziprecruiter.com/Salaries/Finance-Degree-Salary--in-California
- https://www.forbes.com/advisor/education/business-and-marketing/become-a-financial-analyst/
- https://www.investopedia.com/articles/financialcareers/08/five-undergrad-tips.asp
- https://www.northcentralcollege.edu/news/2021/04/09/types-math-majors
- https://www.intelligent.com/best-online-finance-degree-programs/is-a-finance-degree-worth-it/
- https://www.indeed.com/career-advice/pay-salary/how-much-do-bs-finance-graduates-make
- https://finplanindia.com/best-finance-courses-in-india.html
- https://www.fedfinance.ca/en/news/answering-the-5-strengths-and-weaknesses-question-in-a-finance-job-interview
- https://work.chron.com/financial-careers-introverts-15796.html
- https://www.master-of-finance.org/lists/reasons-to-become-a-financial-analyst/
- https://www.indeed.com/career-advice/finding-a-job/highest-paying-finance-jobs
- https://www.nexford.edu/insights/highest-paying-accounting-jobs
- https://uk.indeed.com/career-advice/finding-a-job/best-paid-jobs-in-finance
- https://www.jobscan.co/skills/financial-analyst
- https://blog.collegevine.com/easiest-and-hardest-business-majors
- https://www.wallstreetmojo.com/financial-analyst-skills/
- https://www.linkedin.com/pulse/quietly-building-success-introverts-guide-financial-practice-torrey
- https://www.mathschool.com/blog/parent-resources/what-majors-require-math
- https://www.cnbc.com/2023/07/29/households-earning-200000-dollars-or-more-are-flocking-to-the-south.html
- https://bau.edu/blog/why-major-in-finance/
- https://training-you.fr/the-most-and-least-stressful-jobs-in-banking-and-finance/
- https://www.indeed.com/career-advice/interviewing/interview-questions-for-financial-analyst
- https://online.wharton.upenn.edu/newsroom/ebooks/investment-banking-stress-work-life-balance-for-finance-professionals/
- https://www.cnbc.com/2022/03/22/these-are-the-top-5-most-boring-jobs-according-to-researchers.html
- https://datausa.io/profile/soc/financial-analysts?redirect=true
- https://www.bayes.city.ac.uk/__data/assets/pdf_file/0016/330271/I_2-CALC-.pdf
- https://www.wm.edu/as/mathematics/undergrad/major/appliedmath/finance/
- https://money.usnews.com/careers/best-jobs/financial-analyst
- https://www.indeed.com/q-finance-200k-jobs.html
- https://www.vintti.com/blog/finance-salaries-in-california-golden-state-gains-in-the-financial-sector/
- https://www.gcu.edu/blog/business-management/why-study-finance
- https://www.indeed.com/career-advice/finding-a-job/finance-career-job-outlook
- https://www.bill.com/blog/financial-analyst-salary
- https://www.careervillage.org/questions/788850/what-level-of-math-do-you-need-to-complete-to-be-in-finance
- https://topworkplaces.com/highest-paying-finance-jobs/
- https://joinhandshake.com/blog/students/top-jobs-for-finance-majors/
- https://www.indeed.com/career-advice/career-development/college-majors-no-math
- https://bau.edu/blog/finance-vs-economics-major/
- https://www.quora.com/What-major-has-more-difficult-mathematics-accounting-or-finance
- https://www.themuse.com/advice/financial-analyst-interview-questions-answers-examples
- https://www.wallstreetmojo.com/careers-in-finance/
- https://www.floridatechonline.com/blog/university/best-major-programs-for-extroverts/
- https://northwest.education/insights/careers/top-5-highest-paying-jobs-in-finance/
- https://www.forbes.com/advisor/education/business-and-marketing/careers-in-finance/
- https://campuspress.yale.edu/ledger/easiest-bachelors-degrees/
- https://www.northcentralcollege.edu/news/2022/09/12/finance-degree-hard
- https://www.zippia.com/answers/why-i-quit-being-a-financial-advisor/
- https://research.com/degrees/finance-degree-vs-accounting
- https://www.uopeople.edu/blog/is-a-finance-degree-worth-it-everything-you-need-to-know/
- https://hbr.org/2023/03/is-a-career-in-finance-right-for-you
- https://www.coursera.org/articles/finance-major
- https://topworkplaces.com/how-to-get-a-job-in-finance/
- https://www.careerprinciples.com/resources/top-10-highest-paying-investment-banks