Create a new career with an associate degree in finance

The world of finance offers many bright spots for individuals seeking a solid and often well-paying career. An associate degree in finance can open the door to a variety of jobs including:

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Personal financial advisor
Financial manager
Financial analyst
Budget analyst

Each occupation offers the opportunity to work with a different aspect of financial planning. Personal finance advisors may be responsible for managing client portfolios and making recommendations on investments. Financial managers may oversee company finance departments, prepare annual reports and create cash management strategies. Other careers provide additional specialization within the finance and insurance industries.

Although demand for finance jobs is expected to grow in the next decade, the U.S. Bureau of Labor Statistics (BLS) notes that there is expected to be keen competition for these positions. A finance degree can be key to setting yourself apart from other jobseekers.

What to expect from a degree in finance

Since careers in this field can have different specializations, your associate degree in finance coursework may vary. However, many students take classes that include:

Business
Statistics
Mathematics
Economics
Accounting

Programs offering an online associate degree in finance are become increasingly popular. Individuals can plan their classes around work or family schedules. In addition, many online programs allow students 24-hour access to course materials so they can study at their leisure.

Students studying for an online associate degree in finance as well as those in traditional programs may be eligible for federal and state financial aid. In addition, some trade organizations offer assistance to students studying for a specific finance career. For example, those preparing to become budget analysts may be eligible for scholarships from the Government Finance Officers Association.

After approximately two years of studies, you should be ready to graduate with a degree in finance. Depending on your chosen career, you may need to become licensed or certified to practice in your state. For example, financial analysts may need to be licensed by the Financial Industry Regulatory Authority. Other certifications may also be available from trade associations. Finally, some jobs may require further education for advancement.

Job prospects for those with an associate degree in finance

The outlook is good for finance careers. The Bureau of Labor Statistics reports that many jobs for those with a degree in finance are expected to see double-digit growth from 2008-2018. Some of the most in-demand occupations and their expected growth include:

Personal finance advisors--30 percent
Financial analysts--20 percent
Budget analysts--15 percent
Loan officers--10 percent

Salaries for these positions can go well into the six figures for those with the right finance degree. For example, financial analysts earned a mean annual income of $85,240 in 2009 according to the Bureau of Labor Statistics. The top 10 percent of financial analysts earned $139,350 compared to $44,080 for the bottom 10 percent.

Earning an associate degree in finance can be the first step or final destination for a satisfying career.