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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
  • Ready to earn your business degree? If you identify with at least one of the statements below, GCU could be a good fit for you!
  • I have worked in the business field for a number of years and want to further my education in order to qualify for promotions, leadership positions, and salary increases.
  • I am graduating from high school and am interested in pursuing a career in a business field, but I first need the skills experience.
  • I am interested in a Bachelor's, Master's or Doctoral degree in my specialized business area of focus.
  • I want flexible course offerings, such as the option of 100% online, evening or campus classes.
  • I need a university that provides quality educational offerings through academic excellence and real-world relevance. Does this sound like you? Apply today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Topped the list as Best Online Bachelor’s Program in Virginia by U.S. News & World Report in 2019.
  • Regent is ranked among Top National Universities by U.S. News & World Report, 2019.
  • Flexible online, on-campus and evening courses offered in 135 areas of study, including Business, Nursing, Psychology, & more.
  • Regent is recognized among Top #10 Military Friendly Schools by Military Friendly®, 2019.
  • 88% of Regent University students receive financial aid, with $24 million awarded in institutional scholarships & aid in 2017-18.
  • Online Courses
5 Program(s) Found
  • Boldly pursue your future in business with an online degree from Post University
  • Degrees at all levels with concentrations in Finance, Marketing, and much more
  • Ranked in the Best Online Bachelors Programs for Veterans by US News & World Report
  • Ranked in the Best Online Bachelor’s Programs by the US News & World Report
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
5 Program(s) Found
  • Separate yourself from the pack by completing one of Saint Leo’s highly-rated Business degree programs. Associates, Bachelors, and Graduate degrees in highly sought-after concentrations available!
  • Learn the necessary skills and build the foundation to propel your business career by receiving an education from our faculty members with true real-world experience.
  • Saint Leo University provides academic excellence, flexibility, affordability, and a wide range of educational programs with financial aid and scholarships available to those who qualify.
  • Saint Leo offers a 14:1 Student-Teacher Ratio to ensure you get the personal attention you deserve.
  • Learn on your schedule with our 6 convenient available start dates throughout the year. Get started on earning your accredited Business degree today!
Good for Working Adults
  • Accredited
  • Online Courses
  • Flexible Scheduling
  • Accelerated Programs
  • Financial Aid
  • Transferable Credits
  • Find Online Schools. 100% Online Accredited Courses
  • Get Matched to Programs In A Few Clicks!
  • Earn an Affordable Degree from Home at your own pace
  • Get College info today. Its Free and Easy!
  • Online Courses

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