For undergraduate students who are considering an online degree in a business major, it’s important to be aware of the salary potential for graduates from an online bachelor’s in finance degree program. Some finance careers can bring in very high salaries, particularly for seasoned professionals who have a strong educational background, in-demand professional credentials and a great deal of impressive work experience.
Starting and Midcareer Salaries for Finance Graduates
The average starting salary for graduates from an online bachelor’s in finance degree program is $49,000, which is close to the average starting salary for all occupations, according to U.S. News & World Report. However, as finance professionals advance into higher level positions at more prestigious firms and companies, their earning potential becomes significantly more lucrative. The average midcareer salary for graduates from an online bachelor’s in finance degree program is more than $87,000, according to U.S. News & World Report. For some high-level finance careers, six-figure salaries are the average wages.
Job Titles and Salaries for Finance Graduates
The salary for graduates from an online bachelor’s in finance degree program depends largely on the job titles these professionals hold and the duties they perform. Among the lower paid finance positions are compliance officer jobs. These professionals earn an average salary of $62,000, according to U.S. News & World Report.
Personal financial advisors and budget analysts earn slightly more, with $68,000 and $69,000 average salaries, respectively. A securities and commodities sales agent makes $72,000 per year on average. Financial analysts earn $77,000 annually, according to U.S. News & World Report. The most lucrative of these career paths is financial manager. These high-level professionals make $110,000 per year, according to U.S. News & World Report.
How Finance Graduates Can Increase Their Earning Potential
There are many ways to increase the salary graduates from an online bachelor’s in finance degree program earn. You can work toward a professional credential such as the Certified Corporate Financial Planning & Analysis Professional credential, Chartered Financial Analyst certification, Certified Government Financial Manager credential or Certified Treasury Professional credential.
Another way to improve your salary is to go back to school and earn a master’s in finance degree or a master of business administration (MBA) degree. Attaining this degree equips you with new skills and knowledge you will need to succeed in a management role and demonstrates your eagerness to grow professionally. Additionally, working hard and attaining the years and quality of experience can help you prepare for advancement into a lucrative senior-level role like financial manager.
Earning potential isn’t the only factor to consider when choosing a career path or a college major. However, if you have an interest in the field of finance, learning about the high potential salary that graduates from an online bachelor’s in finance degree program can expect to earn can help you make this important education and career decision.