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Average Starting Salaries for Students Majoring in Finance

Career News April 28, 2014

Those interested in business management and working with numbers should look into the field of finance. Those who graduate from Finance programs find jobs in trading, financial securities, and accounting.

Salaries of Finance Majors

Numerous factors influence the starting salaries earned by finance majors. First of all, the specific position acquired by these professionals will determine the salary earned. The region of location of the job, the industry in which the graduate is employed, the specific concentration area within the chosen major, and the education level are the other determining factors. In 2012, finance majors took home an average annual wage of $57,300, according to the National Association of Colleges and Employers (NACE).

Overview of Finance Major

The university’s school of business often offers finance as a major, either as a concentration within an economics or as a business administration major. Occasionally, finance concentrations are included by mathematics departments. Coursework within undergraduate level Finance programs usually focuses on accounting and business courses, and may include topic areas such as:

•International finance
•Risk management
•Business law
•Investment analysis
•Financial markets and institutions
•Cost accounting

Students in Finance MBA programs continue studies in business, marketing and accounting that they began in bachelor’s programs. Graduates of MBA programs can expect to acquire higher-paying and more prestigious positions than graduates of undergraduate degrees.

Career and Wage Outlook

Numerous industries and settings demand individuals knowledgeable in finance; these include nonprofit organizations, government agencies, and private companies. Graduates of Finance degree programs commonly obtain positions of accountants, financial advisors, financial managers or financial analysts.

Titles can determine starting salaries. In October 2013, business analysts with work experience of less than a year averaged an annual wage of $35,607 to $61,649. The average annual wage of financial advisors ranged between $24,677 and $59,784 during their first year in the field, while first-year accountants took home average annual wages ranging from $30,001 to $53,609.

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Matching School Ads
5 Program(s) Found
  • Online degrees offered include BA in Accounting, BA in Business Administration, MBA, and more.
  • Business students may be eligible for scholarships such as the Entrepreneurship Scholarship.
  • Courses help students develop knowledge of marketing, accounting, economic principles, and financial management.
  • Business Administration students can specialize in areas such as Entrepreneurship, Finance, and Project Management.
  • Online Courses
  • Financial Aid
  • Transferable Credits
1 Program(s) Found
  • Available business concentrations include Accounting, Economics, General Management, Marketing, and Human Resource Management.
  • Ranked among the Best Online MBA and Online Graduate Business Programs in 2016 by U.S. News & World Report.
  • Programmatic accreditation provided by the Accreditation Council for Business Schools and Programs (ACBSP).
  • Regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges (SACSCOC).
  • Online Courses
5 Program(s) Found
  • Ranked among top Regional Universities in the South by U.S. News and World Report in 2015.
  • Ranked 37th among the Best Colleges for Veterans by U.S. News and World Report in 2015.
  • Stands as the largest private, nonprofit university in the nation with 100,000+ students.
  • Offers over 230 programs online, from the certificate to the doctoral level.
  • Has a student-faculty ratio of 25:1, and 42.3% of its classes have fewer than 20 students.
Show more [+]
  • Accredited
  • Online Courses
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Average class size is 25, allowing for more one-on-one time with instructors.
  • Has a 97% employment rate among available graduates.
  • All  graduates receive Lifetime Employment  Assistance—free and forever.
  • Michigan's largest independent college.
  • Most instructors are working professionals in the fields they teach.
  • Programs are continuously updated to ensure classes are career-relevant and in sync with what's needed in the industry
Show more [+]
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  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
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