Studying finance can enhance your chances of landing a high-paying job. More so, you will need analytical, quantitative, and problem-solving skills to succeed in the finance world. Having the right foundation also ensures you acquire the requisite skills that will help you in landing a high paying job. Thus, we are more concerned with top colleges for high paying jobs in finance. The top colleges for high paying jobs in finance are University of Pennsylvania, New York University Stern, University of Michigan and MIT.
Why Study Finance?
Before we get into some of the top colleges for high paying jobs in finance, let’s look at some of the reasons why having a finance degree is simply awesome!
Below are 5 major reasons why you should study finance:
1. A Finance Degree Is Useful in a Range of Industries
A finance degree not only opens up a wide range of work options, but it can also position graduates to pursue roles in many industries at all kinds of companies.
Careers in both publicly traded and privately held companies are available to finance students. For instance, financial majors might find employment at large, mid-sized, or small businesses. Some graduates might decide to work for government organizations, where they can strive to fulfill their desire to serve the public. Some may choose to enter the nonprofit industry so they can help organizations that provide aid to the underprivileged.
2. Learning about Finance Could Help You Start a Business
Some people choose to get a degree in finance because they want to start their own business. One potential career path after earning a degree in finance is starting your own financial services company and working as an independent financial counselor.
3. Helps you Acquire in-depth financial understanding
With a degree in finance, you can work directly with mentors who can provide practical guidance in areas like financial management and entrepreneurship.
4. Competitive Salaries
If you are looking to make it big in the corporate world, then a degree in finance might just be the right way to go. Globally, finance provides rich job options. A career in this field can be financially profitable as it enhances your earning potential with experience and industry jobs.
5. Global Opportunities
A degree in finance may seem like a minor benefit, but the flexibility it provides is unmatched! Globally, a finance degree opens doors. Your particular set of skills makes you extremely desirable.
Top Colleges For High Paying Jobs In Finance
Now, let’s get into some of the top colleges for high paying jobs in Finance!
Finance is one of the available concentrations in UPenn’s undergraduate business school. Students in the curriculum are prepared for jobs in commercial and industrial finance management, global investment banking, asset management, financial markets, venture capital, mergers and acquisitions, and global management consulting, among other fields of finance. These areas highlighted offer some of the highest paying jobs in finance.
2. New York University Stern
To equip students with the analytical and technical abilities needed to pursue a career in the financial industry, New York University Stern offers an undergraduate finance focus. Investments/capital markets and corporate finance are the two general categories into which the finance curriculum can be separated.
3. University of Michigan in Ann Arbor
A broad bachelor’s degree in business administration with plenty of options for electives in various fields, including finance, is available from the University of Michigan’s Ross School of Business. Numerous financial organizations, including banks, hire straight Ross University graduates. Also, this college is attractive to Michigan residents because of the affordable in-state tuition.
4. The Massachusetts Institute of Technology
An integrated program of courses and activities at MIT called the Finance Track aims to familiarize students with the organizations and procedures of the financial industry. Students who complete the courses will have a foundation in accounting, finance, economics, and strategy. MIT offers a wide range of electives in finance and subjects related to finance, allowing students to select courses that best suit their interests and professional goals.
The finance curriculum at Texas McCombs University of Texas at Austin is customized to fit each student’s career path. A variety of elective courses that match their interests and career objectives are available to BBA finance students after the mandatory course FIN 357. The six courses available to students include banking, investment management, corporate finance and investments, energy finance, real estate finance, and financial markets/banking. Additionally, students can choose to concentrate in general finance.
6. University of California–Berkeley
University of California–Berkeley undergraduate program stresses a well-rounded approach based on a liberal arts course background. Despite earning a BS in Business Administration, students can customize their course of study to fit their interests thanks to the wide range of electives available.
7. Boston College
Innovative research, a demanding curriculum, and top-notch instructors are hallmarks of Boston College’s undergraduate finance focus. Students who complete the courses will have the analytical and quantitative skills necessary for success both inside and outside of the classroom. Additionally, the school holds a monthly lecture series when distinguished academics from outside discuss cutting-edge topics in business and finance.
8. Carnegie Mellon University
A Bachelor of Science degree in Computational Finance is available at CMU through the Tepper School of Business in collaboration with the Department of Mathematical Sciences. Upon acceptance into the program, students will focus on classes offered by the department they have chosen to identify as their “home” institution. With a focus on probability, statistics, business, and mathematics, the degree equips students with a career in developing mathematical models for the finance sector.
9. Indiana University–Bloomington
Finance is a major offered at IU’s Kelley School of Business. In addition to a variety of minor options to enhance their degree, students will have the chance to participate in study abroad programs and seminars. A fundamental understanding of economics, marketing, strategy, operations, and business ethics is what the school seeks to impart to its students. The university also has a Financial Diversity program with the goal of diversifying Wall Street and corporate America’s professional workforce.
Although the University of North Carolina Chapel Hill provides a broad undergraduate degree in business administration, students can choose from a wide range of concentrations, such as international finance, investment banking, and investment management. To further enhance their liberal arts education, students must also enroll in courses offered by institutions other than the business school.
Conclusion: Top Colleges for High Paying Jobs In Finance
In conclusion, earning a degree in finance has several benefits, which makes it a great option for anyone looking for well-paying jobs. More so, the universities listed above are essential in forming well-rounded professionals with the required knowledge and abilities.
Which degree in finance pays the most?
A Master of Business Administration (MBA) with a Finance Concentration pays the most. This is because it is often highly valued in the corporate world.
What is the highest paying job in finance?
Financial Manager and Personal Financial Advisor are some of the highest paying jobs in finance with an annual salary of over $208,000.
What degree is best for a career in finance?
A bachelor’s degree in finance is the best degree for a career in finance. Alternatively, you can opt for business administration.