Why Study a Bachelor in Finance?

Tuesday, September 21, 2021

Are you finishing high school and looking for a degree to pursue in college? Learn about the importance of studying finance and how it can improve both your professional and your personal life.

What is Finance?

Finance is the discipline that is concerned with the management, creation, and study of money, investments, and other financial instruments. 

It typically deals with questions related to how an individual, a company or a government acquires money, how they save it, how they spend it, and how they invest it. To cut a long story short, finance is concerned with the management of money. 

Finance and financial activities date back to the beginning of civilized society. Human beings want more than what we have, and this has been this way since the dawn of civilization. First, they exchanged goods and services with other people in an activity called barter. When barter wasn’t enough, banks and interest-bearing loans were the answer: These credit-bearing institutions were available as early as 3000 BC.

Even though Finance is one of the oldest disciplines in the world, its importance is undeniable because not a single day goes by without us making big or small financial decisions.

The Importance of Making Wise Financial Decisions

Individuals, businesses, governmental organizations, non-governmental organizations and any other type of organization need to efficiently and thoroughly deal with their finances if they want to be successful. 

Why pursue a Bachelor in Finance?

When choosing what to study, it is important to consider many factors before making a decision that may change the course of your life. 

Students need to consider their interests, passions, skills, and expectations, and the career options to which the degrees they are interested in lead, their earning potential, their employability, and the demands of the job market.

If you want to pursue a career that benefits you personally as well as professionally, a Bachelor in Finance is a great choice! Here’s why:

1. Financial knowledge can also help you personally
Financial professionals not only help others make wise financial decisions, but they can also apply their knowledge to their personal lives.

Understanding money, finance, investments and being able to apply this knowledge not only in your professional life but also in your personal life is essential, as you will be able to manage your income wisely, spend in what you actually need or want, save for a rainy day, and invest the rest to earn more. 

2. Job security

As every company, organization, charity, and government must carefully manage their money if they want to thrive in the market, experts in the field of finances are always in high demand. Their knowledge and skills are highly sought after, which means this degree has a high degree of employability

3. Wide range of Career Options
Because these professionals are essential for any organization to work properly, there’s a wide range of job options for them. With a Bachelor in Finance, you can have a wide range of job opportunities. Some of them may require further study, but the following are some of the job options available for finance graduates:
  • Accountant
  • Auditor
  • Corporate investment banker
  • Data analyst
  • Financial risk analyst
  • Financial advisor
  • Stockbroker
  • Actuary
  • Patent attorney
4. Well-paid professionals
Since everyone depends on financial strategies and principles, from small start-ups to large corporations, to individuals to businesses and governments are willing to give financial experts a large compensation for their important work.

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