Finance Degree Online is a key part of business, making it a stable career choice. The Bureau of Labor Statistics says jobs in finance and business will grow 7% by 2028. This is faster than most jobs. In 2019, finance jobs paid a median of $69,820, more than the average job’s $39,810.
Online finance degrees are popular with working professionals. They want to advance without leaving their jobs. But, many wonder if an online finance degree is worth it.
Key Takeaways
- Employment in business and financial operations occupations is projected to grow 7% from 2018 to 2028, faster than the average for all occupations.
- The median annual wage for business and financial occupations was $69,820 in May 2019, higher than the median annual wage for all occupations.
- Online finance degrees are popular for working professionals who want to advance their career without taking time off.
- Employers view online degrees from accredited institutions favorably, with 92% viewing them as equal to or better than in-person degrees.
- An online finance degree can be earned at your own pace and offers a more affordable path to a lucrative career in the finance industry.
What is a Finance Degree?
A finance degree teaches you about accounting, statistics, economics, and business law. It’s different from a general business degree, which focuses on people skills. A finance degree is all about money, how it’s made, managed, and reported.
Studying finance, you’ll learn about financial analysis, investment management, and corporate finance. You’ll also understand risk management. Plus, you’ll get good at analyzing financial data to make smart choices.
| Key Subjects in a Finance Degree | Comparison to a General Business Degree |
|---|---|
|
A general business degree is more about people and management. But a finance degree dives deep into money matters. It teaches you the financial skills needed for business success. |
With a finance degree, you’ll know how financial systems work. This knowledge helps you make big decisions that can really help a company’s finances.
The Two Primary Types of Online Finance Degrees
There are two main types of online finance degrees: the Financial Management Degree and the Financial Planning Degree. Both offer a strong base in finance. Yet, they focus differently and lead to different career paths.
Financial Management Degree
The Financial Management Degree is a broad finance degree. It prepares students for many corporate finance roles. You’ll learn about corporate finance, financial analysis, investments, and risk management.
This degree gives you the skills to be a financial analyst, manager, or treasurer. It’s very flexible, opening doors to many finance jobs.
Financial Planning Degree
The Financial Planning Degree is more focused. It’s made for those wanting to be a financial planner or financial advisor. You’ll dive into wealth management, investment strategies, tax planning, and retirement planning.
Graduates help individuals or businesses manage their investments and reach their financial goals.
Both degrees help you build a solid base in accounting, economics, and business law. These are key for success in finance.
| Degree Type | Focus | Career Paths |
|---|---|---|
| Financial Management Degree | General finance, covering corporate finance, financial analysis, and investments | Financial analyst, financial manager, corporate treasurer |
| Financial Planning Degree | Specialized in wealth management, investment strategies, tax planning, and retirement planning | Financial planner, financial advisor |
“Finance is the language of business, and a finance degree provides the tools to understand and manage the financial aspects of any organization.”
Are Online Finance Degrees Respected?
Getting your finance degree online is becoming more popular. A survey by Harvard Business Review found that 61% of hiring leaders see online degrees as just as good as in-person ones. If you pick a respected online college with quality programs, employers will likely see your online finance degree as valuable.
When looking at online finance programs, check for regional accreditation, a strong reputation, and campus connections. Online degrees from schools with a physical campus are often viewed more positively than those from online-only universities. This is because traditional schools offer the same quality education online as they do on campus.
| Online Finance Degree Program | Intelligent Score | Cost per Credit | Retention Rate | Acceptance Rate |
|---|---|---|---|---|
| Florida International University | 99.27 | $235 (in-state) | 90% | 64% |
| Oklahoma State University | N/A | $180 (in-state) | N/A | N/A |
| University of Wisconsin Whitewater | N/A | $395 | N/A | N/A |
Intelligent.com’s review shows several top online finance programs are both valuable and respected. For instance, Florida International University’s online finance program scored 99.27, making it a top choice. With a net price of $6,232 and a 90% retention rate, it’s an affordable and respected option for online finance degrees.
“Employers now view online degrees as equal to or better than those earned on campus. As long as you choose a reputable program, your online finance degree can be just as respected as a traditional one.”
6 Reasons an Online Finance Degree Online is Worth It
Getting a finance degree online has many benefits. You can learn at your own pace and save on tuition. This can lead to great career opportunities in the finance world.
Flexible Learning Pace
One big plus of an online finance degree is the flexibility. You can study full-time or part-time, fitting your schedule. This flexibility helps you succeed in your studies.
Cost-Effective Education
Studying finance online can also save you money. You can keep working and pay lower tuition rates. This way, you get a good education without breaking the bank.
Practical, Real-World Skills
Online finance programs teach you practical skills for the finance industry. You learn from experienced instructors. This gives you a strong grasp of finance theory and practice.
You also get to build a professional network and earn important credentials. This includes the Chartered Financial Analyst (CFA) or Certified Financial Planner (CFP) designations.
“Earning an online finance degree allows me to continue working while gaining the skills and credentials I need to advance my career. The flexibility and cost-savings are just added benefits.”
– Sarah Johnson, Online Finance Student
Earning the best online finance degree, such as a Bachelor of Science in Finance, offers flexible options for online students looking to complete their degree and pursue careers in finance. With access to online learning, students can study finance and financial principles through online courses that prepare them for jobs in finance. Many online colleges offer business programs with a concentration in finance, allowing students to specialize in areas like corporate finance and financial management. Whether pursuing an undergraduate program or a graduate degree, these programs help students understand the principles of finance and meet degree requirements to become a finance professional. A finance bachelor’s degree or online finance degree is often required for finance positions, and completing an online bachelor’s in finance provides the skills needed for many careers in finance. With the convenience of fully online programs, earning an online finance degree is a practical option for students seeking to advance in the field of finance.
Earning a finance degree through an online finance degree program offers flexibility and convenience for students aiming to build a finance career. Accredited business schools and programs, often accredited by the Accreditation Council, provide comprehensive finance courses covering areas like corporate finance, personal finance, and financial planning. Whether pursuing a bachelor of science or an undergraduate degree, students can easily transfer credits and earn their degree online. According to the Bureau of Labor Statistics, careers such as financial analysts are in demand, making an online finance degree a valuable investment. Many online programs offer competitive tuition rates, and students can complete their studies at their own pace while preparing for roles in business finance or personal financial advising. If you’re considering a finance major, earning your degree online can be an ideal way to balance education with other responsibilities.
Also Read : What Is Structured Finance And How Does It Work?
Conclusion
If you’re thinking about an online finance degree, Franklin University’s programs are worth considering. They offer flexibility and real-world skills. Plus, they focus on your career goals.
Franklin University is known for its quality education, both online and in-person. Their finance programs prepare you with the technical and soft skills needed. These skills are crucial for success in finance.
After finishing your degree at Franklin, you’ll be ready for key certifications. Their programs are certified for the CFP and CFA exams. This means you’ll have the knowledge and credentials to excel in finance.
Franklin University is dedicated to making education affordable. They focus on practical learning that prepares you for your finance career. Their programs offer the flexibility and skills you need to succeed.
FAQs
Q: What are the benefits of enrolling in an online finance degree program?
A: Enrolling in an online finance degree program offers flexibility, allowing you to study at your own pace while balancing work and personal commitments. Additionally, many online programs provide access to a wide range of finance courses and resources, enabling you to tailor your education to your career goals.
Q: How do I apply for admission into an online finance degree program?
A: To apply for admission into an online finance degree program, you typically need to submit an application form, transcripts from previous education, letters of recommendation, and a personal statement. Check the specific requirements of the school you are interested in, as they may vary.
Q: Are online finance degree programs accredited?
A: Yes, many online finance degree programs are accredited by the Accreditation Council or other recognized accrediting bodies. It’s essential to choose an accredited program to ensure that your degree is recognized by employers and other institutions.
Q: What is the average tuition for an online finance degree program?
A: The average tuition for an online finance degree program can vary significantly based on the institution and program specifics. Typically, tuition ranges from $10,000 to $30,000 per year for an undergraduate degree. Always check with the specific school for detailed tuition information.
Q: What types of finance courses can I expect in an online finance degree program?
A: In an online finance degree program, you can expect to take a variety of finance courses, including principles of finance, business finance, personal finance, and financial analysis. Some programs may also offer specialized courses in areas such as corporate finance or investments.
Q: Can I transfer credits from another institution toward my online finance degree?
A: Many online finance degree programs allow students to transfer credits from other accredited institutions. However, policies regarding transfer credits vary, so it’s important to consult the specific program’s guidelines to understand how many credits you can transfer.
Q: What are the degree requirements for a bachelor’s degree in finance?
A: Degree requirements for a bachelor’s degree in finance typically include completing a set number of credit hours, core finance courses, electives, and a capstone project or thesis. Most programs require a total of around 120 credits for graduation.
Q: What careers can I pursue with an online finance degree?
A: An online finance degree can lead to various careers in finance, including financial analyst, investment banker, financial planner, and accountant. The Bureau of Labor Statistics predicts strong job growth in the finance field, making it a promising area for employment.
Q: How do I earn my online finance degree while working full-time?
A: To earn your online finance degree while working full-time, consider enrolling in a part-time program or one that offers asynchronous courses. This flexibility allows you to complete coursework during your free time, making it easier to balance work and study.