Why Major in Finance? (2024)

Afinance degreecan open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate tocareersin a variety of organizations in the public, private, and nonprofit sectors.

Why Major in Finance? (1)

Skills Learned through Finance Courses

The skills gained through finance coursework can be universally applied in not only financial services but also business (even life) in general. Finance majors build knowledge related to nearly every operational area of an organization, including accounting, sales and lead generation, human resources, and marketing. Thecurriculum for a finance majorincludes courses in personal finance, economics, business law, accounting, marketing, statistics, and ethics. Finance majors enter the workforce with a fundamental understanding of the language of business and how the management of money is essential to the health of every organization.

Popular Careers for Finance Majors

Finance majors contribute to the overall growth of organizations in diverse industries, including financial services and banking, insurance, technology, government, and manufacturing. Most commonly, balance sheets and analytical practices are associated with afinancial management career, but the varied, broad responsibilities of a financial manager can touch many areas of an organization. From managing investment-related activities and cash-management strategies to analyzing market trends and maximizing profits to meet long-term financial goals, financial managers need to be well-versed in both legal and business domains.

Afinance majorcan help to prepare students for careers in diverse fields, including corporate finance, investment banking, underwriting, portfolio management, and real estate. The Bureau of Labor Statistics offers information about the roles most commonly associated with a finance major:

Financial Manager

Financial managersare responsible for the financial health of an organization. Their responsibilities can be diverse, yet specific to planning for the long-term financial goals of an organization. The median annual wage for financial managers was $125,080 in 2017. Traditionally, financial managers have a bachelor’s degree or a master’s degree in business administration (MBA).

Personal Financial Advisor

Personal financial advisors help individuals manage their finances in areas related to taxes, mortgages, retirement, college savings, estate planning, insurance, and investments. The median annual wage for personal financial advisors was $90,640 in 2017. Certifications in investment sales and a master’s degree are helpful to advance quickly in this role.

Financial Analyst

Financial analystsassess and forecast investment information for both businesses and individuals. They have expertise in evaluating the performance of stocks, bonds, and other types of investments. The median annual wage for financial analysts was $84,300 in 2017.


Accountants manage the cash flow of an organization and manage the taxes of an organization or individual. They help organizations run efficiently and ethically. The median annual wage for accountants and auditors was $69,350 in 2017.

Majoring in Finance at Maryville University

Anonline bachelor’s degree in financefrom Maryville University can help students build the skills and expertise to pursue success in the field of finance. Students develop a foundation of core business skills through coursework in financial institutions, securities/investments, money and banking, portfolio management, and marketing. The program provides practical experience beyond the classroom, connecting students and professionals through key university partnerships with global financial companies.

Opportunities for advancement can be more easily achieved through Maryville’sonline MBA program, which emphasizes the development of leadership and communication skills, aims to build students’ professional confidence and decision-making ability, and provides practical experience to help graduates qualify for greater career opportunities.


BLS, Securities, Commodities, and Financial Services Sales Agents

BLS, Management Analysts

BLS, Personal Financial Advisors

BLS, Budget Analysts

BLS, Accountants and Auditors

Why Major in Finance? (2024)


Why Major in Finance? ›

It equips you with the knowledge of financial management, investment strategies, and risk assessment, which are crucial skills in today's business world. Additionally, finance majors typically earn higher salaries and have a promising job outlook.

Why did you choose to major in finance? ›

A finance degree can open doors to a broad range of dynamic professional opportunities — often with high earning potential in diverse industries. Finance majors learn fundamental business skills that can translate to careers in a variety of organizations in the public, private, and nonprofit sectors.

How to answer why are you interested in finance? ›

Tips to answer "Why do you want to pursue a career in finance?"
  1. Showcase your passion. ...
  2. Highlight your analytical skills. ...
  3. Discuss the impact. ...
  4. Emphasize the challenge. ...
  5. Show your understanding of the industry. ...
  6. Link it to your skills. ...
  7. Highlight the potential for continuous learning. ...
  8. Discuss the potential for growth.
May 8, 2024

Why do people choose to go into finance? ›

The Benefits of Working in Finance

Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

How useful is a finance major? ›

A career in finance can be very lucrative. The average salary for a finance major is $101,038. Pursuing a career as a financial advisor or another form of financial sales can go well beyond this number, whereas a career in corporate America or the government typically stays close to it.

How do you answer why I chose my major? ›

How to Answer “Why Did You Choose Your Major?”
  1. Introduce Your Reason With an Anecdote or Short Story. ...
  2. Show How You've Already Applied Knowledge and Skills From Your Major. ...
  3. Explicitly Connect Your Major to This Job.

Why are you considering a career in finance? ›

Example answers

'Working in finance gives me a chance to learn from experienced professionals. Given this employer's experience and reputation, I know it might provide me with great growth opportunities, which I plan to use to support both the organisation's day-to-day operations and its long-term goals.

Why are people interested in studying finance? ›

It offers a broad range of applications across various industries. This makes your skillset adaptable and valuable in a wide range of professional settings. Whether you are interested in banking, insurance, investment or starting your own business, a finance degree can provide you with a solid foundation for success.

Why do you choose finance interview? ›

Answer: I opted for a career in finance due to my enduring interest in numbers and adeptness in money management. Recognizing the pivotal role finance plays in all facets of business, I aspired to contribute to the decision-making processes that propel a company to success.

Why do you choose finance specialization? ›

Finance enjoys high demand across diverse industries, ensuring job security. Its indispensability in various sectors makes it an evergreen field. Pursuing an MBA in finance offers a specialised qualification essential for businesses, establishing a pathway to stable and sought-after career opportunities.

Why are people passionate about finance? ›

I'm passionate about finance because it is the backbone of the economy. Finance, via capitalism, is built into the ethos of American culture. Nowhere else in the world can an individual start a business from nothing and become a millionaire in a generation, to name just a few possibilities.

Why are you interested in accounting and finance? ›

I chose a career in accounting and finance because I have always been fascinated by the way financial decisions impact a company's performance and strategy. My natural aptitude for numbers and detail-oriented analysis, combined with my interest in business operations, drew me towards this field.

Why is it better to finance? ›

While financing big expenses could come with interest charges, depending on the option you choose, it will allow you to repay the amount over time. And if you make your payments on time each month, your credit score may eventually increase—and the benefits of a good credit score are many.

Why is finance interesting? ›

2. Why choose finance: The jobs are exciting, challenging & fast-paced. The finance industry runs at an exhilarating pace and as a finance candidate, you must enjoy keeping up with the faster pace of work. Lots of people who work in the finance industry enjoy the many challenges that they face on a daily basis.

Do I want to major in finance? ›

Five Key Benefits of Getting a Degree in Finance
  • Master skills that prepare you for real-world job responsibilities. ...
  • Work for a wide range of employers. ...
  • Set the stage for getting professional certifications. ...
  • Set yourself up for a financially rewarding career. ...
  • Join a popular industry that expects stable growth.

How hard of a major is finance? ›

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

Why choose economics and finance major? ›

When pursuing economics, you will not be confined to studying the economy of one group of people, one company, or one country. Instead, with this degree, you will have an international perspective and better understand the financial issues of people living in other countries.

Why do you want to study finance personal statement? ›

My decision to apply for a degree course in Accounting and Finance stems from my research in the college library and my career aspiration to become a chartered accountant. I particularly enjoy administrative work, numerical and statistical exercises, and opportunities to work with others as a team...

What are the benefits of studying banking and finance? ›

Multiple career options: Studying banking and finance opens up avenues to work in different sectors such as banking, consulting, insurance, broking, and fund management. An individual with a certificate course in banking and finance can take up jobs in MNCs, financial markets and work with the government.

Why study finance in the USA? ›

Finance involves risk and reward, with a focus on individuals, corporations, and institutions and how they make capital-based decisions. Pursuing a finance degree in USA prepares international students for rewarding careers in the financial services sector and to make informed personal financial decisions.

Top Articles
Latest Posts
Article information

Author: Lilliana Bartoletti

Last Updated:

Views: 5570

Rating: 4.2 / 5 (53 voted)

Reviews: 84% of readers found this page helpful

Author information

Name: Lilliana Bartoletti

Birthday: 1999-11-18

Address: 58866 Tricia Spurs, North Melvinberg, HI 91346-3774

Phone: +50616620367928

Job: Real-Estate Liaison

Hobby: Graffiti, Astronomy, Handball, Magic, Origami, Fashion, Foreign language learning

Introduction: My name is Lilliana Bartoletti, I am a adventurous, pleasant, shiny, beautiful, handsome, zealous, tasty person who loves writing and wants to share my knowledge and understanding with you.