Question

I am starting my doctorate in finance at age of 21 at liberty university, is the degree worthy tt? what can I do? I am expected to graduate when im 23. Potential careers?

Answer 1

While studying for your degree, finance courses will provide you with a solid knowledge of financial insight, technology, and interpersonal skills that are essential for success in the job market. An understanding of the different types of financial environments will also play a crucial part in determining where you would like to focus your financial career. Below are the top 10 that are vital in the finance industry.

• Accounting Qualifications/Certifications
• Interpersonal Skills
• Management Skills
• Communication Skills
• Strong Problem Solving Skills
• Financial Forecast Reporting
• Analytics Capabilities
• Software Skills
• Business Savvy
• Innovative Skills

Doctorate Degree in Finance

A doctorate degree in finance allows you to become a financial researcher and/or financial instructor, as well as allow you to be qualified for almost any position in the financial world. Most doctorate degree graduates in finance will continue on to make an annual salary of over $180,000 in the professional world.

Why Get a Doctorate Degree in Finance:

If you are seeking an instructional or research-based position in finance, a doctorate degree in finance will best serve you. While you will be prepared for any role within the finance field, many who choose to pursue a doctorate degree in finance are interested in selective research or instructional roles.

Careers in Finance

Careers in finance are often a popular choice in that they can offer a high paying position shortly after completing your degree. The different opportunities for working within the finance field are vast, with a multitude of specialties to choose from. Depending on your level of education and specific interests, there is a finance career for you.

Commercial Banking

Commercial Banking Average Salary: $92,983

A career in commercial banking provides a variety of financial services such as savings accounts, checking accounts and multiple loan options. There is a lot of room for growth within commercial banking as many begin their careers as bank tellers and move up to become branch managers.

Investment Banking

Investment Banking Average Salary: $96,543

Investment banking is a high-intensity field that involves selling and trading corporate securities, as well as provides insightful advice to corporations and individuals. Responsibilities of an investment banker may also include trading stocks and bonds on the stock market.

Financial Planner

Financial Planner Average Salary: $61,830

A financial planner works with clients to create plans that ensure an individual's current and future finances are in order. They discuss strategies for investing and savings in order to reach a client’s goal. Typically, financial planners work within a local or national firm and should look into obtaining the Certified Financial Planner (CFP) certification.

Insurance Agent

Insurance Agent Average Salary: $37,667

Working within the insurance field allows you to explore many different aspects of finance within one occupation. You can work as an insurance sales representative, a customer service specialist or you can work to calculate risks and probabilities of financial trends to help your clients with their financial objectives.

Public Accounting

Public Accounting Average Salary: $63,907

Another diverse career within the finance world is public accounting. A public accountant works with both individual clients and corporations to maintain their financial transactions, audit their records and prepare income tax returns. Typically, a public accountant may work in small or large firms depending on their clientele.

Hedge Fund Manager

Hedge Fund Manager Average Salary: $70,000

Unregulated private investment funds are typically described as hedge funds. Working with the type of investment provides an array of possible jobs ranging from financial traders, analysts, compliance officers, and portfolio managers.

Venture Capitalist

Venture Capitalist Average Salary: $92,406

A career in venture capital explores the potential expansion of financial opportunities for small or start-up companies. As a venture capitalist, you will determine if your firm will make an investment in these types of companies in hopes that their stock will become publically traded on the stock market.

Real Estate Agent

Real Estate Agent Average Salary: $59,180

Commercial and residential real estate financial careers work with clients to plan out the best strategy to fund the purchase of a family home, office location or shopping center. Some potential job paths for financial real estate include mortgage brokers, mortgage companies and life insurance professionals.

Chief Financial Officer

Chief Financial Officer Average Salary: $128,468

A chief financial officer (CFO) is responsible for tracking profits and deficits of a company, then developing a strategy to maintain successful financially. One key aspect of a chief financial officer is their managerial skills and often oversees a team of employees.

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