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A Bachelor of Science in Finance and Accounting is an undergraduate degree in the field of finance and accounting. The field has good earning potential, and you can get jobs in a wide range of industries. Also, the field has seen growth even in times of economic downturns. You can see that it offers a better job guarantee than other fields.
There are plenty of reasons why you should choose to major in finance. But let’s look at a few for now. Shall we?
It is an opportunity-dense field with a narrow focus
What does that mean?
You have plenty of career opportunities in finance, but it has a narrow subject focus. Finance degrees focus solely on the core subjects instead of straying too far away from them. With a degree in finance, you get to work with the top-level executives of an organization.
You will get the opportunity to work in banks, brokerages, government agencies, businesses, and many other organizations.
How is it any different from getting a business major?
Business majors do study finance as part of their curriculum. But they do not possess the level of expertise a finance graduate would have. So, having a finance degree will provide you the advantage when applying for job roles in the finance sector. But a finance degree is harder to obtain as well. More on that later.
How can a Finance Degree Help Your Career?
Besides providing you the necessary knowledge to land a job, it also gives you the opportunity to develop as a whole. You will get good at communicating, and you will also learn to be more diplomatic.
In short, a finance degree also develops your personality while providing you with the qualification.
What skills do I gain?
We are glad that you asked. You will become a better investor as well as a good problem solver. Both these traits are invaluable in the real world, in your career as well as personal life.
With a degree in finance, you will learn to make the right investment choices. During your Bachelor of Science in Finance and Accounting, you will gain an in-depth knowledge of investment.
Now let’s talk about problem-solving skills.
Even if you are not someone with good problem-solving skills, a degree in finance will help you become one. These skills are crucial in a finance career. You will have to negotiate deals, decide what is best for your organization, etc. That is why programs like Texila’s BSc in accounting and finance focus on helping students develop good problem-solving skills.
Besides these two, you will also gain a plethora of other skills related to the field of finance. Let’s discuss what those are.
Mathematics is a crucial part of a finance professional’s life. These skills will help you analyze information and draw conclusions from them. You will also be able to justify your decisions with proper mathematical reasoning. Professionals use these skills and data to conduct financial analyses for organizations.
It is a crucial skill that finance graduates gain from their degree. Your job would require you to put emotions away and make skills based on the information you have at hand. This approach will allow you to make consistent decisions backed by data. Good analytical skills can help you do that.
Leadership skills are indispensable. All job roles in the finance sector would require good leadership skills. Most degree programs work toward improving the same in the students too. If honed properly, these skills can take you to great heights.
Relationship management Skills
People approach financial professionals in times of crisis. You will need good relationship management skills to handle such situations. You will need to interact with sensitivity and proper professionalism.
In addition, clients will look for unbiased opinions from you. Only with appropriate financial education will you be able to meet the expectations mentioned above.
What are the career opportunities in finance?
In the finance sector, you have a multitude of options to choose from. The opportunities increase with the level of education and experience you possess. Let us look at some common career choices that graduates of a bachelor’s in finance and accounting would have.
You can become a/an,
- Commercial Banker
- Investment Banker
- Financial Analyst
- Insurance Agent
- Public Accounting
- Chief Financial Officer
How much do these finance professionals earn?
Let us take a look at the same in the below table, shall we?
|Job Role||Average Salary|
|Commercial Banker||13,103.00 ZMK|
|Investment Banker||12,000.00 ZMK|
|Insurance Agent||10,891.00 ZMK|
|Public Accounting||21,364.00 ZMK|
|Financial Analyst||11,700.00 ZMK|
|Chief Financial Officer||19,700.00 ZMK|
Accounting and finance, how do they differ?
Both these fields vary in several aspects, especially concerning the scope of work. The field of accounting deals with regular financial transactions. On the other hand, finance focuses on a broader field of study.
An accounting professional works with taxes, budgets, and audits. A finance professional would work toward ensuring financial growth for an organization through good investment strategies.
A finance degree, is it a bachelor of arts or science?
A finance degree is usually a bachelor of science—for example, a bachelor of science in finance and accounting.
What is the duration of a bachelor’s degree in finance and accounting?
A bachelor’s in finance and accounting would take 4 years to complete.
Why Choose Texila?
Texila American University (TAU) is a premier business school with years of experience. TAU also possesses the needed expertise to provide proper financial education.
You also get the added advantage of being able to study from wherever you are. Yes, you can enroll in a distance learning accounting and finance degree to suit your needs. TAU has the most advanced learning management system and a unique block-based learning methodology to facilitate proper education.