Does your major matter for finance?
3. Target Your Studies. Many companies say your major does not matter, claiming they hire people from all backgrounds, including art majors. No doubt they do, but it is certainly better to apply for finance jobs with a finance-related degree.
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.
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.
High earning potential: Many jobs in finance offer high salaries and growth potential, making it a lucrative career choice. Diverse career opportunities: With a finance degree, you can work in various roles and industries, from investment banking to risk management to financial planning.
I'm drawn to finance because it provides a comprehensive understanding of an organization's financial health, risk management, and investment decisions. By pursuing a career in finance, I can strengthen my ability to analyze financial data, provide strategic insights, and guide organizations towards sustainable growth.
“Finance and Business Analytics obviously require some math, but the math typically in the MBA program is much more applied math,” Balan says. “If you have a general understanding of college algebra, that usually is sufficient. You don't need more theoretical math.”
Finance is a somewhat difficult major. The difficulty with finance comes down to its concepts that students would not have experienced before in their lives, the financial lingo in the field, and the concentration of math in the subject.
Usually, if you're considering a finance major in college, it's suggested that you finish around three to four years of math during your high school years. The most advanced level you might need to reach varies based on the college you're interested in, but it could be as high as Algebra II or Pre-Calculus.
Calculus, specifically differential calculus, can be helpful in investing because it deals with rates of change. Things are constantly changing in finance, and understanding these changes can be key to making good investment decisions.
#1- Accounting and Finance
These majors qualify for STEM-designation due to their heavy use of math.
What are the cons of finance major?
The median annual wage for business and financial occupations is $46,310 higher than the median annual wage for all occupations. Drawbacks of a career in finance can include high stress, long working hours, continuing education requirements, and, in some cases, limited job stability.
A finance degree might be more suitable if you are interested in managing investments, financial planning, or business finance. An economics degree might be more appropriate if you are engaged in economic research, policy analysis, or public service. Ultimately, the decision is yours.
- Chief financial officer. ...
- Private equity associate. ...
- Hedge fund manager. ...
- Insurance advisor. ...
- Financial advisor. ...
- Compliance analyst. ...
- Information technology auditor. ...
- Investment banker. Investment bankers help businesses and government groups invest their money.
- Get to the point. ...
- Know your finances. ...
- Make yourself the added value. ...
- Talk confidently about the industry. ...
- Engage with the interviewer. ...
- Keep learning.
Here's an example of how to highlight your educational background in your answer:"I chose to study finance because I realized I was passionate about investing and excellent at investment strategies. I took capital markets, financial accounting, corporate finance, financial modelling, and portfolio management courses.
- Bachelor of Science in Business Administration (BSBA) ...
- Bachelor of Arts in Marketing. ...
- Bachelor of Science in Entrepreneurship. ...
- Bachelor of Arts in Human Resources Management. ...
- Bachelor of Science in Hospitality Management.
Finance Salary in California. $74,000 is the 25th percentile. Salaries below this are outliers. $107,600 is the 75th percentile.
- Finance.
- Accounting.
- Business administration/management.
- Logistics/supply chain.
- Management information systems.
- Marketing.
- Business. Interested in an easy major with many career options? ...
- Communications. As a communications major, you'll study mass media, public relations, and journalism. ...
- Criminal Justice. ...
- Education. ...
- English. ...
- General Studies. ...
- Health Science. ...
- Liberal Arts.
The Chartered Financial Analyst (CFA) program is widely regarded as one of the toughest courses in finance. It requires an immense amount of dedication to successfully complete and the pass rate is notoriously low, making it a highly sought-after certification in the finance world.
What is the hardest subject to major in?
- Psychology. ...
- Statistics. ...
- Nursing. ...
- Physics. ...
- Astrophysics. ...
- Biomedical Engineering. ...
- Astronomy. ...
- Dentistry. Dentistry, like medicine, is an important profession, and if you wish to study it at university you must be prepared to undertake high volumes of both theoretical and practical work.
While finance requires some mathematics training and some knowledge and skills in accounting and economics, it's not necessarily more difficult than any other field of study, particularly for people with an aptitude for math.
Partial Differential Equations (PDEs): PDEs generalize the concepts found in multivariable calculus, as you'll study phenomena that change in several dimensions simultaneously. Solving PDEs can be complex, and the course typically involves studying various methods of solving different types of these equations.
For an undergraduate degree in finance, you will only have to take algebra, statistics, and maybe calculus. Most of the math classes required are specifically for business majors, and may be titled “business statistics” or “calculus for business.” For the most part, A BBA in finance is not very math-intensive.
Trigonometry is not always required for finance majors, although it can be useful when looking at more advanced financial areas such as quantitative trading.
References
- https://www.how2become.com/blog/why-did-you-choose-this-career/
- https://www.naukri.com/blog/how-to-answer-why-do-you-want-to-pursue-a-career-in-finance/
- https://www.ziprecruiter.com/Salaries/Finance-Salary--in-California
- https://www.master-of-finance.org/lists/5-minors-to-complement-a-finance-degree/
- https://topworkplaces.com/highest-paying-finance-jobs/
- https://www.investopedia.com/ask/answers/120214/whats-average-salary-someone-finance-major.asp
- https://online.mason.wm.edu/blog/four-types-of-financial-statements
- https://www.quora.com/What-kind-of-math-do-you-do-in-finance-as-a-finance-major
- https://work.chron.com/five-good-strengths-finance-interview-6133.html
- https://www.towson.edu/cbe/departments/finance/whystudy.html
- https://www.usnews.com/education/best-colleges/articles/can-you-double-minor-in-college
- https://learn.org/articles/easiest_business_degree.html
- https://m.economictimes.com/wealth/spend/is-your-credit-card-application-getting-denied-know-the-reasons/articleshow/104641683.cms
- https://www.roberthalf.com/jp/en/insights/landing-job/6-reasons-finance-professionals-love-their-jobs
- https://www.tealhq.com/post/why-are-you-applying-for-this-position
- https://www.hdfcbank.com/personal/resources/learning-centre/pay/how-to-get-credit-card-without-income-proof
- https://www.greatvaluecolleges.net/highest-paying-finance-degree-jobs/
- https://www.fool.com/the-ascent/credit-cards/what-credit-score-starts-at/
- https://online.maryville.edu/online-bachelors-degrees/finance/careers/why-major-in-finance/
- https://www.experian.com/blogs/ask-experian/credit-education/score-basics/750-credit-score/
- https://www.indeed.com/career-advice/pay-salary/how-much-do-bs-finance-graduates-make
- https://www.robertwaltersgroup.com/news/expert-insight/careers-blog/six-expert-tips-for-your-next-finance-interview.html
- https://bigfuture.collegeboard.org/explore-careers/career-clusters/finance/5-majors-to-consider
- https://wallethub.com/answers/cc/capital-one-platinum-application-denied-2140646991/
- https://www.roberthalf.com.sg/blog/jobseekers/6-reasons-why-finance-professionals-love-their-jobs
- https://www.indeed.com/career-advice/finding-a-job/what-is-a-minor-in-college
- https://undergrad.usc.edu/programs/minor/rules/
- https://www.oxford-royale.com/articles/hardest-degree-subjects/
- https://hbr.org/2023/03/is-a-career-in-finance-right-for-you
- https://www.ipsos.com/en-us/news-polls/Gen-Z-Financial-Knowledge-And-Credit-Awareness
- https://www.finder.com/uk/credit-cards/credit-builder-credit-cards/credit-card-guide-under-21-users
- https://www.forbes.com/advisor/education/student-resources/what-is-a-minor/
- https://time.com/personal-finance/article/how-to-improve-your-credit-score-fast/
- https://www.8b.africa/non-traditional-stem-designated-degrees-for-international-students/
- https://corporatefinanceinstitute.com/resources/wealth-management/what-is-finance-definition/
- https://business.uni.edu/finance/majors-minors-programs/finance-minor
- https://www.intelligent.com/best-finance-degree-programs/
- https://www.accreditedschoolsonline.org/online-colleges/easiest-bachelors-degrees/
- https://bau.edu/blog/major-vs-minor/
- https://www.bestcolleges.com/blog/do-you-need-college-minor/
- https://www.bits-pilani.ac.in/hyderabad/economics-and-finance/minorinfinance/
- https://www.coursera.org/articles/best-business-majors
- https://www.careervillage.org/questions/788850/what-level-of-math-do-you-need-to-complete-to-be-in-finance
- https://www.finder.com/kids-banking/credit-card-options-teens
- https://www.careerexplorer.com/degrees/finance-degree/satisfaction/
- https://www.capitalone.com/learn-grow/money-management/does-getting-denied-for-credit-card-hurt-score/
- https://www.uopeople.edu/blog/is-a-finance-degree-worth-it-everything-you-need-to-know/
- https://www.forbes.com/advisor/education/business-and-marketing/careers-in-finance/
- https://ca.indeed.com/career-advice/interviewing/why-finance-interview-questions
- https://www.capitalone.com/learn-grow/money-management/how-old-to-apply-for-credit-card/
- https://www.themuse.com/advice/what-motivates-you-interview-question-answer-examples
- https://www.collegevine.com/faq/21723/most-difficult-math-class
- https://americhoice.org/blog/get-first-credit-card-teenager
- https://www.collegiateparent.com/academics/best-college-minors/
- https://www.indeed.com/career-advice/resumes-cover-letters/how-to-list-minor-on-resume
- https://www.investopedia.com/terms/f/finance.asp
- https://www.forbes.com/advisor/credit-cards/how-old-do-you-have-to-be-to-get-a-credit-card/
- https://www.americanexpress.com/en-us/credit-cards/credit-intel/what-age-can-you-get-a-credit-card/
- https://www.creditstrong.com/raise-your-credit-score-100-points/
- https://www.buysidehustle.com/how-much-do-people-in-finance-make-lets-just-say-millions/
- https://www.investopedia.com/articles/financial-careers/08/financial-career-options-professionals.asp
- https://learn.org/articles/math_requirements_finance.html
- https://www.indeed.com/career-advice/finding-a-job/what-do-finance-majors-do
- https://www.accounting.com/degrees/finance/bachelors/best-programs/
- https://www.bankrate.com/personal-finance/credit/length-of-credit-history-credit-score/
- https://online.wvu.edu/blog/business/11-career-boosting-minors-for-business-majors
- https://www.investopedia.com/financial-edge/0412/the-best-time-for-young-people-get-a-credit-card.aspx
- https://business.wfu.edu/mba/articles/need-to-be-good-at-math-for-mba/
- https://www.wikijob.co.uk/interview-advice/interview-questions/interview-question-why-finance
- https://www.pianote.com/blog/different-minor-scales/
- https://www.experian.com/blogs/ask-experian/how-to-establish-credit-as-a-young-person/
- https://www.chase.com/personal/credit-cards/education/build-credit/how-to-build-credit-at-18
- https://bau.edu/blog/finance-vs-economics-major/
- https://mergersandinquisitions.com/is-finance-a-good-career-path/
- https://wallethub.com/easiest-credit-card-to-get
- https://corporatefinanceinstitute.com/resources/accounting/three-financial-statements/
- https://www.intelligent.com/best-online-finance-degree-programs/is-a-finance-degree-worth-it/
- https://www.americanexpress.com/en-us/credit-cards/credit-intel/how-long-does-it-take-to-establish-credit/
- https://datatrained.com/dt-finance/courses-in-finance/
- https://www.gcu.edu/blog/business-management/bachelor-science-finance-right-me
- https://www.experian.com/blogs/ask-experian/credit-education/score-basics/650-credit-score/
- https://www.wgu.edu/blog/finance-degree-difficult2301.html
- https://csuglobal.edu/blog/finance-hard
- https://www.investopedia.com/articles/financial-careers/08/most-competitive-financial-careers.asp
- https://www.greatvaluecolleges.net/faq/does-obtaining-minors-to-your-degree-benefit-you-financially-when-getting-a-job/
- https://www.linkedin.com/pulse/math-behind-investing-how-numbers-drive-financial-sullivan-mba
- https://www.bajajfinserv.in/credit-card-for-18-year-olds
- https://www.usatoday.com/money/blueprint/credit-cards/how-many-credit-cards-should-i-have/