Coming up with something to do with your life after high school is one of the most crucial and life-changing decisions that every young adult has to make. If you are thinking about going to college and getting a degree, then know that you are on the right track. This is the point where you start weighing the pros and cons of every career choice you are about to make.
Questions like what will this industry be like in the next ten years? which job opportunities are available in this field of life? Is finance a good major? This article will answer the last question, and I will also give you reasons why finance is a good major.
You see, a degree opens doors to a lot of great opportunities, having a degree in finance will open more doors to incredible opportunities. You don’t believe me? Wait until the end of this article.
Finance major careers are best for those who love money, finance, and investments or for those who love to explore the flow of money and its navigations. However, like other spheres of life, you need more than your knowledge and intelligence to make it in this very competitive yet affluent field of life. For a start, you need a basic understanding of math and bookkeeping. But that’s not all; you also need to have people’s skills. To be successful in the finance world, you need communication skills – both oral and written communication skills; you need organization skills, listening skills, and of course, you need to have good persuasive skills.
Moreover, there’s no other major degree that will give you an in-depth knowledge of all you need to know about financial concepts except studying finance itself. However, before we continue, I will like to remind you that, like other college degrees, you might never get to work in a firm that is related to finance. The good news is, your knowledge of finance will give you the chance to work in any organization of your choice. After all, every organization uses money, and they need you, a finance degree holder, to handle and manage their money. See what I say about finance opening more job opportunities than any other sphere of life.
Besides, a knowledge of finance will help you manage your own business. If you decide that you want to be your boss, great! Your knowledge of finance, as a finance degree holder will help you manage your funds effectively. And also reduce the chances of getting scammed by dishonest employees. So, you see why finance is a good degree. If you are still asking: should I major in finance, I will give some highlights that will make it clear to you that you will be making the right choice by choosing finance as a major.
Why major in finance?
- High chance to travel abroad: finance is one of the few degrees with a high probability of gifting employees with an opportunity to travel overseas. If not for the pay, the chance to visit another country (or continent, who knows), to see new people, new cultures, and have exciting stories to tell when you are all old and gray-haired.
- Salary and benefits: if you are asking: how much does a finance major make out of college, then the answer is from $50,000 to $80,000 per year. It could be you! Their salary cover benefits that include membership to gym and food clubs, healthcare, insurances, and many other bonuses. Yes, they work for long hours, but they are also heavily compensated for their time and effort.
- Constant training: a lot of controversial talks have been going around that the finance industry will crumble because of the invention of robots. I will like to correct that claim with statistics that predict that finance positions will increase by 9% from 2016 – 2026. And you know how very accurate these statistics can be. Do you think that that looks like a decline?
Choosing a degree is all your choice; it’s a life-changing decision. Whichever course you would like to major in should be what you love doing or what you want to learn. If you choose finance as a major, then know that you made the right choice.
Amy Fischer - Born and lives in Israel. Despite the fact that she is still young, she is a very experienced specialist who is well versed in economics and banking. Also in her spare time Amy shares her experience and interesting news with the readers of Bank Login Lab.