The finance is a great subject because it opens a lot of doors to all students who have made the decision to study it at the University and get a degree of finance. You probably know that there are a lot of finance degree programs which are available so that some students can be even spoilt for choice. That is why we are going to give you some basic information about the four main finance degree programs in finance: BBA, MBA, Quantitative Master’s degree and Ph.D.
The first degree program (BBA) is perfect for students who would like to build a career in a bank or in an insurance company when they graduate from the University. Undoubtedly, a lot of necessary and useful subjects will be learned during the BBA program- finance accounting, theory of finance, security trading, finance management, risk management, risk analysis, international finance are just a small part of all subjects which the students are going to get knowledge about.
The difference between the BBA and MBA is that MBA does include only finance studies but business studies also. However, we can still say that finance is the main subject which gets the most serious attention. The students learn to use quantitative tools, prepare financial consulting projects and get a lot of experience, especially throughout the second year of their study.
The third kind of finance degree program (Quantitative Master’s degree- QMD) is meant for students who are interested in math also. The main two subjects which are involved throughout the whole study are math and finance. That finance degree program is the best thing about students who want to be mathematical financiers, financial engineers or financial modelers. Of course, you should keep in mind that a lot of attention is paid to the theory part but just during the first year. Then, much more attention is paid to the development of students’ analyzing skills and only students who show interest to the finance analyzing are likely to succeed in that extremely difficult finance degree program.
And the last program is the so called Ph.D. I strongly recommend all students (and not only) who are in love with the finance subject to get a Ph.D. The reason is that there are a lot of financiers but very few of them have that kind of finance degree, which is definitely the most acknowledged one. There is no doubt that even if you are a newly-minted PhD, you will still make a lot of money- the average salaries vary from $140.000 to $200.000 per year. And please pay attention to the fact that they can reach up to $300.000 for PhDs with years of experience. It definitely sounds good, doesn’t it?