Finance is the study, creation, and management of money and any investment. Financial stability refers to all the savings you have available and all the money you can invest to earn interest or dividends when put to productive use.
Finance is also focused on studying the value of assets such as stocks, bonds, loans, commodities, and by extension entire companies. Accurately determining value is crucial to sound business decisions.
If you want to pursue a career in Finance Management you need to find a school that will guarantee the best education. Colleges will always market their programs as the best ones but not everyone is the best.
It's best if you start researching for schools even before senior year in high school. Finding a school that is a perfect fit for you and has the best program in the field you're interested in can be tricky, which is why you need to research ahead of time and be patient.
Even if you're not interested in getting a finance degree during your bachelor's program, still finding a school with a good finance program can be beneficial for you in the years after college.
Imagine you want to get a master's in finance or an MBA. It can work to your advantage to take some classes in finance and graduate from a school known to have a good finance program.
In this article, you will find information on how to do your research to find a good school, which are the top schools with the best finance programs, and what to expect from a degree and a career in finance.
For more information on the subject check out a guide on Studying Finance.
Find a Finance Program in the US
Before you choose a school there are some factors you need to consider and define. First, you need to decide what you want to study. Once you choose a degree you need to find a school. For example, if you choose a career in financial management you need to find schools that have good programs in the field.
Two other important factors are tuition and location. You need to know what your budget is and where you'd like to live before you start your school research. Let's say you dream of living in California, then you should start looking for opportunities in the state you wish to go to.
Finally, once you start looking, you have to check if the colleges you're applying to are accredited and well ranked. Getting a good education is so important in today's job market, and where you graduate from will impact your future.
You need to focus your search and school analysis on the program you're interested in. For instance, let's say you find colleges that have amazing science programs, unbelievable international opportunities, or are located in the state of your dreams. You might get caught up in all that and forget that you are looking for a school with a good finance program.
You need to look at the school's accreditation, how much of an investment it will be to go there, what are the requirements to apply, what courses, and how many credits will you be required to take. Other smaller factors you should pay attention to during your school analysis are the campus infrastructure, is it open to the public, if it offers courses online, and more.
Top 3 Finance Programs
Finding a university or college that offers exactly what you need and want can be a hard task, but not impossible. There are many colleges that offer excellent finance, accounting, or economics programs in the US, the tricky part is identifying them in an ocean of options and opportunities.
Once you graduate high school you should go to the best accredited program to get your bachelor's degree in and out of state and open yourself up to amazing opportunities during the years after college.
Here are the top 3 finance programs in the United States:
University of Pennsylvania Finance Department
The University of Pennsylvania (Penn or UPenn) is a private Ivy League research university located in Philadelphia, Pennsylvania.
Its Finance Department is one of the most prestigious programs in the country and it offers students the opportunity to learn about corporate finance through courses about the theory, the methods, and the concerns in the market.
- Rank: 1st
- Tuition: $53,534
- Website: https://fnce.wharton.upenn.edu/
The University of Chicago Booth School of Business
The University of Chicago is a private research institution and it has a Booth School of Business. It's renowned for its joint degree opportunities and international programs. Its financial program is one of the best in the country.
If you're looking for opportunities after completing your undergraduate degree, considering an MBA can be a good investment. Chicago Booth offers four program formats for an MBA: Full-Time MBA, Evening MBA, Weekend MBA, and Executive MBA degree programs.
- Rank: 2nd
- Tuition: $6,920 per 100 unit course
- Website: https://www.chicagobooth.edu/
New York University Stern School of Business
The New York University Leonard N. Stern School of Business is a private business school in New York University. The program offers a wide spectrum of financial and business programs both for graduate and undergraduate levels.
Stern offers academic majors in Marketing, Finance, Information Systems, Actuarial Science, Economic Policy, Economic Theory, Entertainment Media & Technology, and Accounting.
- Rank: 3rd
- Tuition and fees: $69,086
- Website: http://www.stern.nyu.edu/
Each university offers the opportunity to complete class credit requirements for a Bachelor's and Master's degree with online and in-person learning.
If you are learning finance, go ahead and check out our article on, What jobs can you get with a Finance degree?
Other Top Programs
If you're pursuing a career in a corporate financial market you need to apply to schools accredited and renowned for their programs in economics, finance, accounting, or business management.
You can also look for schools that offer an international experience for their students. Studying abroad will not only provide you with the credits the administration office requires, but it will expose you to an entire world of amazing opportunities.
College is a time and an investment that will help you grow, learn and thrive as you work to obtain your bachelor's degree. For your education to be the best experience in your life, you need to find a university that suits you.
Here is a list of other good finance programs with accreditation in the United States:
- Columbia Business School
- Stanford Graduate School of Business
- MIT Sloan School of Management
- Harvard Business School
- Haas School of Business
- The Anderson School of Management
- Ross School of Business
Students planning to study finance should keep in mind that they will also have to accumulate university credits in other areas like business administration and computer science during their time on campus.
If you're having a hard time learning finance you can always Work with a private Finance tutor.
Career in finance
If you want to get an undergraduate or master's degree in finance you need to know what to expect and what this field has to offer. Students who go into this field in the future will have the opportunity to work for either the public or private sector.
Finance encompasses a wide scope of fields and several academic disciplines, which is why there are several related professional qualifications that lead to this field. However, if you study financial management you can for sure go into the following fields.
Students who are interested in pursuing a career in public finance could work in sub-national entities, and related public entities or agencies.
Students who want to go into corporate finance after getting their degree deal with the sources of funding and the capital structure of corporations, the actions that managers take to increase the value of the firm to the shareholders, and the tools and analysis used to allocate financial resources.
Finally, another sector you can go into is personal finance. You can work as someone's personal financial advisor. This can involve paying for education, financing durable goods such as real estate and cars, buying insurance, investing, and saving for retirement. Personal finance may also involve paying for a loan or other debt obligations.
Feel free to go check the Best Finance resources to help you.