An online finance degree has the potential to set you up for an interesting and lucrative career. The best online degrees are flexible and offer good subject choices.
- You can study online for a Bachelor of Commerce with a Finance major.
- University graduates and experienced professionals can join a Master of Finance online program.
Finance students learn about the use of money, including how: (i) businesses raise and deploy capital (ii) individuals allocate savings and (iii) markets balance capital supply and demand.
Studying finance can leads to careers in banking, insurance, trading, and advisory services. Competition for jobs in Australia is high. Bachelor students may be advantaged by combining finance with another major, such as accounting. For graduates, a masters degree helps you to be considered for top positions.
Finance professionals manage assets to create wealth for investors or companies. The discipline examines how individuals, businesses and institutions raise funds to implement investment strategies... When dealing with investments, finance professionals consider the time between investment and future payoff and the risks attached to these future payoffs.
Study Finance Online
Finance is a subject that can be studied 100% online. Generally, online courses run parallel to on-campus courses. You cover the same material and sit the same end-of-term exams as terrestrial students.
For bachelor students, you can study finance online as a major in a business or commerce degree. To specialise in finance, you need to do certain prescribed units and take enough finance electives.
- It's normal to complete the 1st year of a bachelor program with 3, 4 or more majors still open to you.
- Finance can often be done as part of a double major – such as BCom (Acc, Fin).
An online Master of Finance program has graduate certificate and diploma courses embedded. You can start with a graduate certificate course and, if you find distance learning enjoyable, go on to complete the masters.
Finance careers start with an education. From there, anything is possible depending on your talents, preferences, work ethic, and fortunes.
Demand for financial skills
A job in the finance sector can be modest and include tasks such as data entry and producing simple sales reports using software. At the other end of the scale, you could be guiding multi-billion dollar decisions around business activities or financial investments. Financial expertise is needed in virtually all organisations, including public and non-profit entities.
The best finance professionals are multi-talented, with excellent technical skills as well as ability in areas such as relationship building, communication, technology application, and inventiveness (Robert Half).
Some of the biggest employers of finance professionals are in
- commercial banking (administering savings products, credit lines, business loans and mortgages)
- corporate finance (managing a company's financial strategy, loans, spending and reporting)
- insurance (risk analysis, insurance policy development, claim auditing)
- investment banking (investment advice, wealth management and capital raising for companies and funds)
- private equity (assisting businesses raise capital for new ventures or ongoing activities).
Most careers in finance involve finding effective ways to manage an organization's money, in order to create wealth and increase the organization's value. Finance majors prepare for this career by studying topics about planning, raising funds, making wise investments and controlling costs.
Students studying finance will be tasked with big responsibilities in their careers... Those finance majors who want to have an edge over their competition, both during the initial post-graduate job search and throughout their careers, will take advanced mathematics, accounting, economics, psychology, communications and writing courses to gain a deeper insight into their jobs and a better ability to work effectively with people.
Online Bachelor Degrees
Master of Finance Degrees
An online Master of Finance degree can be used to build upon existing financial skills or to switch careers. The structure and focus of a Master of Finance degree depends on the program and your unit choices. Specialisations include accounting, applied finance and international finance.
Master of Finance vs MBA
Master of Finance vs MBA: which is the better degree? The answer depends on your career path. A Master of Finance would normally be the best choice if you want to develop and demonstrate financial skills.
A Master of Finance is a practical degree that builds technical knowledge and capabilities. It is especially valued in banking and finance. Earning the degree demonstrates you are able to apply yourself and get on top of numbers. The qualification can launch or boost your career in finance.
The MBA, on the other hand, is a generalist degree with a management and leadership emphasis. You don't necessarily acquire technical skills by doing an MBA. Instead you come away with a better understanding of management principles and strategies.