What do you think of when you hear the word “finance”? Some think of bankers, other spreadsheets, but what about “career”?
Truth be told, the two go hand in hand. In fact, careers in finance are some of the most rewarding, long-lasting, and better paying job fields available. If you are intrigued by the idea of having a future career in finance, then this article is for you.
Let’s take a few minutes and see what it takes to earn a master’s degree in finance as well as look into a few reasons as to why you should do it.
Boost Your Career in Finance
Continuing your education is the pivotal starting point in starting your financial career. Take time to look at different schools and the master programs that they offer in finance (MF). Thanks to modern-day technology, you can now even earn your master’s in finance completely online! This saves you time and money; allowing you to still work while in graduate school and is typically cheaper than residential courses. You should also take some time to learn more about online programs to see if they are the right fit for you.
While enrolled in school, you can expect to fine-tune some attributes that you already possess. Such as critical thinking skills, problem-solving, communication skills, planning and budgeting, and more. Throughout your time earning your degree you will gain valuable insight that you will be able to take with you everywhere you go.
One of the best things you can do, to earn your master’s in finance, is to start now. The sooner the better, allowing you to reach your goals quicker than you ever imagined.
Reason #1 — Job Demand
There are few things scarier than putting in years of hard work towards a master’s degree only to find no jobs available after graduation. Well, you are in luck, because the opportunities for employment post-graduation are limitless. The two most popular financial jobs, Financial Advising and Financial Management are expected to grow at an average of 15% over the next 6 years! At a faster than average pace, the field of finance is an attractive one to be working in.
With more and more businesses and corporations grow, the need for financial assistance is too. You can rest assured that finding a job will be easily accomplished.
Reason #2 — The Salary
Looking at three jobs, and their salaries, in particular, can provide us a pretty good picture of what a salary in the financial world looks like. First, financial analysts can expect an average income of around $85,000, personal financial advisors come in at $89,000, and lastly, financial managers bring home close to $128,000 annually. These salaries, alongside the high job demand, pack a 1-2 beneficial punch if you know what I mean.
If you are looking for a rewarding career where you get to help others become financially responsible, watch young businesses grow into successful enterprises, and personally make a good living at the same time, then you should consider joining the financial field.