Finance degrees are a great option for people who want to learn about how the global economy works and the mysteries behind money, investments, and financial freedom. Finance, while being one of the oldest sciences in the world, is still one of the most popular academic subjects since we make financial decisions daily.
Is a Finance degree, then, still worthwhile in 2021? If so, why should you pursue a career in finance? Let’s find out.
Top 7 Reasons to Consider for Studying Finance Degrees:
- Finance jobs are well paid and in-demand
Financial tactics and ideas are crucial in today’s globe and economy. Small businesses to major organizations, little stores to international supermarket chains, law firms to insurance companies all require finance expertise and are willing to pay top cash for it.
In the United States, for example, the Bureau of Labor Statistics predicts a 5% increase in demand for financial analysts and a 15% increase in demand for financial managers during the next 9–10 years. The median salary for a finance position is between 81,000 and 129,000 USD per year, depending on the type of finance employment and work experience.
- Financial education is essential for a successful life
Let’s face it: in a capitalist world, the more financial information you have, the better. Theoretically, at least. Because it’s one thing to comprehend finance, money, and investing. When it comes to personal economics, however, putting this information into practice, taking risks, and being prepared to make mistakes, lose money, and start over are what separate success from failure.
As a Finance student, you will study a variety of courses and concepts that will assist you in:
- Recognize that money has a way of making even the most rational decisions emotional.
- Know the difference between assets and liabilities.
- Learn how to budget and set aside funds for emergencies, children’s education, vacations, retirement, and other expenses.
- Learn how to invest and where to put your money.
It will be much easier to keep track of money, cut unnecessary spending, and gradually move toward financial independence if you learn these financial ideas and implement them in your life – a dream that only a few individuals can afford to live. While pursuing financial courses, if you feel you require assignment assistance, then you can approach the experts at EduWorldUSA. They provide excellent services at affordable prices. Click to read more on Concise Finance Santander Pensioner
- Finance teaches you the difference between price and value
“Price is what you pay; value is what you get” – a wise Warren Buffett quote that teaches us a vital lesson: just because something is on sale or reduced doesn’t imply it’s worth the asking price. This is one of the methods employed by a large number of retail establishments. Because it’s effective. People are more likely to purchase something if they believe they would save money by doing so. Even if the “discounted price” isn’t worth it.
This lesson, like most financial principles, may be applied to life in general if we allow ourselves to be philosophical. Simply because something is simple to execute or does not come at a significant cost does not indicate it is worthwhile. Simultaneously, minor risks might have major repercussions.
You can also learn the following through Finance:
- How to spend your time on activities that provide you with meaning, joy, and fulfilment
- How to remain disciplined and put short-term benefits on hold to achieve long-term success
- How to prepare for disasters and catastrophes rather than waiting for them to happen
- Why should you not put all your eggs in one basket?
- Why is it that the only way to acquire value is to provide genuine worth to others?
- Finance is anything but boring
Even a decade ago, no one could have foreseen how quickly the financial industry would evolve and change. Financial technology, or fintech, is the most recent trend, for example. Cryptocurrencies were extremely popular a few years ago. Despite their early fanfare and popularity, they are still widely utilized and supported by a large number of people.
Whether the next financial innovation is a universal basic income, a worldwide digital currency, or something completely new, one thing is certain: learning and working in finance will not bore you. It is one of the areas of our society whose development is inextricably linked to the development of new technology, implying that advancements are unavoidable.
- Find affordable Finance degrees
Finance is primarily about money and investments, but it doesn’t mean you have to sell your soul to receive a good financial education. On the contrary, bachelor’s and master’s degrees in finance can be obtained for less than 5,000 EUR every academic year.
- Online Finance degrees make studying easier
“I’d like to pursue a degree in finance, but I already have a job and other full-time obligations.” “What am I supposed to do?” In this scenario, you should search for online finance bachelor’s and master’s degrees. You can learn at your speed without interrupting your work or personal life. It’s also a terrific method to save money on things like travel, moving overseas and health insurance in another nation.
An online degree in Finance might be the best of both worlds if you have a trustworthy device (computer, laptop, tablet, or even smartphone) and a stable internet connection. The main benefits are:
- Flexible schedule: study whenever you wish, as long as exam and assignment deadlines are met.
- Less expensive: Many online Finance degrees are less expensive since they demand fewer resources to organize learning from any location: With a nice pair of headphones, you may watch courses at home, at friends’ houses, or even on your daily commute to work.
- Chats, discussion forums, Q&As, Facebook or WhatsApp groups, you name it, all the required help is available.
- Online Homework Help: You can even get help from professionals in subjects like corporate finance, simply look for corporate finance assignment help and get desired help from subject experts.
- Plenty of Finance specializations to choose from
For a well-rounded education, a general finance degree is ideal. However, if you want to specialize, even more, you can look into other areas of finance, such as:
- Master’s degrees in Corporate Finance
- Master’s degrees in Quantitative Finance
- Master’s degrees in (Personal) Financial Planning
- Master’s degrees in Finance and Investment
- Master’s degrees in Banking and Finance