Online Finance Bachelor’s Degree

Become Team
Become Team
November 20, 2020

Graduates of a finance degree online program can pursue lucrative careers as accountants, auditors, financial managers, or budget analysts. Students earning this degree obtain the technical and soft skills needed for employment in a variety of industries, including finance, insurance, professional services, and government.

Completing a bachelor's degree in finance online ensures that students meet the minimum education requirement for most jobs in finance, turning an eye for detail and dexterity with numbers into a rewarding career. Many candidates can further improve their job prospects by becoming a certified public accountant (CPA), certified management accountant, or certified internal auditor. The Bureau of Labor Statistics (BLS) projects a 10% increase in job growth for accountants and auditors by 2026, with an annual median salary well above the national median of $69,350.

Why Earn an Online Degree in Finance?

Students seeking maximum scheduling flexibility often choose to earn a finance degree online, as this option enables students to log in anytime and from any location. Online finance bachelor's degrees also serve diverse learning styles, enabling students to choose between a full- or part-time workload, an accelerated schedule, and synchronous or asynchronous coursework. The best online finance degrees also tend to offer lower tuition rates, while helping students save money on commuting and housing costs.

What Can I Do with an Online Finance Bachelor's Degree?

With broad applications spanning multiple business fields, an online degree in finance prepares graduates for their choice of careers. Professions like accounting, auditing, and bookkeeping suit finance students with a mastery of math and analytical skills, while others who prefer business and management may pursue positions like budget analyst or financial manager.

Students can expand their job prospects by considering professional licensure in their area of expertise. After completing a bachelor's degree in finance online, students may go on to complete a graduate degree in finance or explore advanced credentials in a similar field, such as business or accounting.

Skills and Knowledge Gained

An online finance degree curriculum provides students with the knowledge employers seek. Students can expect to hone analytical, math, and computer skills while strengthening their communication, decision-making, and management abilities. Whichever field a student pursues, the best online finance programs can help develop the following core areas.

While some employers hire those with an associate degree in finance, the majority of jobs in the field require a bachelor's degree. As the minimum education requirement, a bachelor's degree expands on concepts merely touched upon in an associate degree, preparing graduates for opportunities not otherwise available to them with fewer credentials.

Careers & Salary Potential

Graduates of an online finance degree at the bachelor level enjoy the broadest array of career possibilities. Hiring managers tend to look for candidates with a mastery of math, analytical, and technical skills, along with soft skills that include problem-solving, communication, and detail orientation. Students aspiring to make use of a unique combination of business and finance skills may pursue management jobs, while those looking to blend sales and financial management may prefer a career in the insurance industry. A testament to the diversity of an online finance degree, the following list includes some leading industries for finance professionals, according to the BLS.

Accountants and Auditors

Annual Median Salary: $69,350

Accountants and auditors provide a professional assessment of a client's financial records, primarily for tax purposes. Many public accountants earn the CPA credential to meet Securities and Exchange Commission standards for accuracy and ethics. While most employers require a bachelor's degree for entry-level jobs, some prefer a master's degree in business or finance and/or CPA licensure.

Budget Analyst

Annual Median Salary: $75,240

Budget analysts regularly assess client budgets to streamline operations and maximize funds. These professionals typically monitor spending, reconcile expenditures and income, and prepare reports on a client's financial health. Most employers prefer candidates with a bachelor's degree in finance and specialized skills, including economics and statistics.

Financial Analyst

Annual Median Salary: $84,300

Financial analysts specialize in guiding clients toward lucrative financial decision-making, specifically involving stocks, bonds, and other investments. While all financial analysts should show mastery over economics and analytics, many choose to further hone their skills as a funds manager or risk analyst. Employers require a bachelor's degree to enter the field.

Financial Manager

Annual Median Salary: $125,080

A common career choice for students completing an online finance degree, financial managers earn one of the highest salaries in the field. These professionals may perform a wide range of duties for an organization or corporation, preparing budgets, monitoring financial statements, and analyzing market trends. Candidates should possess a bachelor's degree and five years of experience as an accountant, financial analyst, or securities sales agent.

Loan Officer

Annual Median Salary: $64,660

Loan officers focus on assessing and approving loans for individuals and companies. Through a process known as underwriting, loan officers collect and evaluate information about a candidate's income and finances to determine both whether they should receive a loan and whether they can pay back the loan according to repayment terms. Employers prefer loan officers with a bachelor's degree, and many undergo training for their specific position.

Methodology

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Mollis sem ac amet turpis at nulla nulla. Neque tempor lorem mattis tempus laoreet purus donec. Luctus non pretium, eu egestas laoreet ut cras. Enim nullam morbi platea nullam malesuada. Sed ipsum convallis elementum, turpis nulla egestas. Nulla natoque tristique mollis dictum diam, sed auctor pharetra. Iaculis phasellus dui aliquet elit nunc enim aliquam aliquet vitae. Velit sit non turpis platea. Arcu gravida aliquam adipiscing ipsum sed viverra ipsum blandit. Arcu mi faucibus erat eu. Phasellus habitant interdum tempor non mattis est ultrices.

Become Team
Become Team
Contributing Writer

Latest Posts