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5 Benefits of Earning a Degree in Finance

Nov 16, 2016

It takes time and money to earn a degree, but you are investing in your future. There are always advantages when you gain more knowledge in a specific field. Here are five benefits of continuing your education to earn a master's degree in finance.

Learn from Experts

Within a master's degree program for finance you will learn valuable skills and make contacts with others working towards a similar degree, as well as experts within the field.

Most likely, you will have internships or externships where you will gain knowledge from financial gurus who know the ins and outs. They can guide and mentor you on your journey towards earning your degree and potentially help you start a career within the financial sector.

Variety of Jobs

There are numerous jobs and places to work within the field of finance. You could choose to work at credit unions or private banks, insurance companies, brokerage firms, financial planning, investment services, and other financial institutions. 

If you are more of the entrepreneurial type, you can be your own boss and be a personal finance coach. There are many career choices within the financial arena.

Personal Knowledge

There is no denying that people in every walk of life must deal with personal finances. Working towards a degree in finance will give you classes and training that provides you with knowledge that others may have to learn through trial and error. 

Taking control of your personal finances to build wealth and financial security is something you should be able to apply from your courses.

High Salary

Another benefit of a master's degree in finance is the potential to earn a higher salary. With a finance degree, you could earn between $60,000 to more than 100,000 depending on the job you choose. 

According to the Bureau of Labor Statistics in 2015, the median annual salary for personal financial advisors was $89,160 annually, and financial managers made $117,990.

Job Growth

Pursuing a degree in finance will help you to work in a field that is expected to grow in the future. In fact, the Bureau of Labor Statistics reports 632,400 new jobs will be added to business and financial operations between 2014 and 2024. 

You should be able to find a job where you can use your skills and knowledge from your finance degree.

By putting in time, energy, and money, you will set yourself up for a lucrative career in finance where you will have many options. Not to mention, your resume will show potential employers the accomplishments and dedication you gave towards furthering your education by earning a master's degree in finance. Furthermore, you will learn skills that you can apply within your personal finances.

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