Finance is a field of study that focuses on the creation and management of money and investments. It focuses also on studying the value of assets such as stocks, bonds, loans, commodities, and entire companies.
If you're studying finance, as a major or master's, or you're still indecisive; in this article, we will tell you about the best programs in the US, which jobs you could get with this degree, what free online resources are available to help you study, and why studying with a private tutor is always a good idea.
Best schools in the USA for Finance programs
Finding a college with the best program on corporate financial management can be tricky. There are many variations and branches on this subject. Before you choose a school, you need to make sure they offer a program focused on the branch of financing you're interested in pursuing.
If you're not sure what branch you'd like to follow but you're sure you want to learn finance, you can always find some generic programs.
If, as a student in junior year, you're looking at a market like business management, accounting, corporate finances, economics, or investment opportunities, there is no question that you should follow a career in finance and its industry.
Students are required a variety of different qualifications to apply to business school, which is why you should study and prepare yourself accordingly. You will need good SAT scores, great recommendation letters, and good math skills.
Some of the best programs for financing or accounting degrees are the following:
- University of Pennsylvania Finance Department
- The University of Chicago Booth School of Business
- New York University Stern School of Business
- Columbia Business School
- Stanford Graduate School of Business
- MIT Sloan School of Management
- Harvard Business School
To learn more about each program be sure to check out the Best schools in the USA for Finance programs.
What jobs can you get with a Finance degree?
If you want to get a bachelor's or master's degree in finance you need to know what to expect and what this industry has to offer. Students who go into this market 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 once you graduate college.
- Financial planner: as a professional financial planner you would work with either individuals, families, or any business to help them with the management and realization of their financial goals. Hiring a financial planner is always a good investment because everyone strives for financial stability and it's hard to do so without the appropriate help.
- Auditor: An auditor is a person responsible for boosting the financial performance of a business or company. They are analysts of the finances of any business, public entities, or personal accounts.
- Budget analyst: Budget analysts are in charge of projects and project budgets. Your job would be to allocate the budget and find ways to improve it. You'll review budget proposals, assess funding requests, and decide if there's a need for budget cuts.
- Bussines development manager: These professionals need a background in finance but their main role is to maintain constant communication both with clients and employees. You will need to have outstanding customer service skills. The average salary of a business development manager is $111,340 per year.
- Stockbroker: you would buy and sell stocks, bonds, and commodities for both companies and clients. This job can be highly stressful and it is designed for individuals who work and thrive in fast-paced environments. The average salary of a stockbroker is $64,120 per year.
For a larger and more detailed list, go check our article on, What jobs can you get with a Finance degree?
Working with a private Finance tutor
Private tutoring is a service designed to provide students with one-on-one lessons or courses at whichever level the student needs. If you're looking to hire a tutor the first thing you need to make sure is that the tutor has good qualifications.
Are they experts in the field and industry you need help with? Have they completed courses about teaching or do they have experience as tutors? You need a tutor that can teach you everything you need to learn and someone that can answer every single one of your questions.
If you go online, you can look on the Superprof webpage for finance tutors. We have over 14 million tutors ready to teach over 1,000 subjects.
On each tutor's profile, you can find reviews, teaching methods, backgrounds, rates per hour, and the level they can teach at. Make sure you check if they offer the first lesson for free and make sure they answer all the questions you require an answer to, that way you can tell if they are good tutors.
Continue reading about this subject on Work with a private Finance tutor.
Best Finance resources to help you
If you want to learn about investing, budgeting, savings, spending, how to create a retirement plan, loans, business management, and more, you should learn about finance. Finance is an important part of life and now even more due to the adversity, we face with the pandemic.
There are many resources and opportunities online that will help you broaden your financial knowledge. You can start learning about money, economics, financial management, accounting, and more. You can also have a chance to get professional advice from industry moguls.
Students who are learning about the field could level their education by listening to podcasts, reading books, taking an online course, and more.
Learning finance shouldn't be exclusively reserved for students with this major, but it should be required in any college that every student, no matter their careers or majors, learn a little financial management.
One of the best ways of learning is by picking up a book. Here are some of the most recommended books to help you gain financing skills or meet your money goals:
- The Young Adult’s Guide to Financial Success By Edward M. Wolpert
- The Intelligent Investor By Benjamin Graham
- Why Didn’t They Teach Me This in School? By Cary Siegel
- Beginner’s Guide to Minding Your Money By Patricia Stallworth
- A Beginner’s Guide to the Stock Market By Matthew Kratter
For more resources, you can check a full list of books, podcasts, and courses on the Best Finance resources available online.