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2023 Finance Degree Guide

#11 Most Popular Major
51.8k Degrees Awarded
-1.2% Increase in Graduates

In 2020-2021, finance was the 11th most popular major nationwide with 51,779 degrees awarded. This represents a 1.2% reduction in finance degrees awarded over the prior year's total of 52,394.

This year's Best Finance Schools ranking compares 613 of them to identify the best overall programs in the country. Continue reading to check out one of our many unbiased rankings of finance programs later in this article.

2023 Best Colleges for Finance
2023 Overall Best Finance Colleges >

Best Finance Schools by Degree

Associate Degrees in Finance
Bachelor's Degrees in Finance
Master's Degrees in Finance
Doctorate Degrees in Finance

What Are The Requirements For a Degree in Finance

Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems has been highlighted as one of the most essential skills for careers related to finance. Required skills include understanding written sentences and paragraphs in work related documents and talking to others to convey information effectively.

Getting Accepted Into a Finance Program

New students will need to have completed high school or a GED program and each school will have their own minimum GPA and SAT/ACT test requirements. Once you obtain your degree, additional finance certifications required to pursue a career in this field.

Types of Finance Degrees

There are various different levels of finance degrees. Finance programs offered by schools range from a to a , which is the highest finance degree you can get. How long it takes to complete some common finance degree levels is shown below.

Degree Credit Requirements Typical Program Length
Associate Degree 60-70 credits 2 years
Bachelor’s Degree 120 credits 4 years
Master’s Degree 50-70 credits 1-3 years
Doctorate Program required coursework including thesis or dissertation At least 4 years

A bachelor's degree is the most common level of education achieved by those in careers related to finance, with approximately 45.0% of workers getting one. People currently working in careers related to finance tend obtained the following education levels.

Level of Education Percentage of Workers
Bachelor’s Degree 42.8%
Master’s Degree 16.3%
Post-Baccalaureate Certificate 9.6%
Doctoral Degree 7.1%
High School Diploma 6.7%

About 81.9% of workers in careers related to finance obtain at least bachelor's degrees. See the chart below for the most common degree level workers in finance have received.

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The education level required is different depending on the finance career you are seeking.

Career Opportunities for Finance Majors

Above Average Number of Jobs
111k Avg. Related Jobs Salary
10% Growth Job Outlook 2016-26

Solid Growth Projected for Finance Careers

Want a job when you graduate with your finance degree? Finance careers are expected to grow 10.3% between 2016 and 2026.

The following options are some of the most in-demand careers related to finance.

Occupation Name Projected Jobs Expected Growth
General and Operations Managers 2,468,300 9.1%
Financial Managers 689,000 18.7%
Loan Officers 354,900 11.4%
Financial Analysts 328,200 10.8%
Personal Financial Advisors 312,300 14.9%

Finance Degree Salary Potential

As you might expect, salaries for finance graduates vary depending on the level of education that was acquired.

Highest Paid Finance Careers

Salaries for finance graduates can vary widely by the occupation you choose as well. The following table shows the top highest paying careers finance grads often go into.

Occupation Name Median Average Salary
Chief Executives $200,140
Financial Managers $146,830
General and Operations Managers $123,880
Personal Financial Advisors $121,770
Business Professors $103,330

Getting Your Finance Degree

With over 1,436 different finance degree programs to choose from, finding the best fit for you can be a challenge. Fortunately you have come to the right place. We have analyzed all of these schools to come up with hundreds of unbiased finance school rankings to help you with this.

Study Areas in Finance

One of 8 majors within the Finance & Financial Management area of study, Finance has other similar majors worth exploring.

Related Major Annual Graduates
Financial Planning & Services 4,087
Banking and Financial Support Services 1,022
Other Finance and Financial Management Services 362
Investments and Securities 346
International Finance 123

View All Finance Related Majors >

References

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