Many schools have online bachelor's degree programs in finance. These degrees can be earned entirely through online study, with students viewing lectures and accessing course materials as their schedules permit, within certain deadlines. A bachelor's degree program generally requires about four years of full-time study to complete. Students may need specific software for certain programs.
In these programs, students get a solid background in business practices and principles through required courses in accounting, marketing, management and business law. In a finance program, students may take courses in corporate finance, financial analysis, investments and banking. A capstone project may be required as well.
Bachelor of Science in Finance
An online bachelor's degree in finance is designed to prepare individuals for entry in the finance industry or advanced study in a graduate degree program. Bachelor's degree programs provide students with the skills necessary to create and understand financial statements, profit procedures and tax reports. It also serves as an academic base for related occupations in the advanced financial field. While a bachelor's degree is usually required to work in the finance industry, students can also pursue majors in economics, accounting and management.
Program Information and Requirements
Many bachelor's degree programs in finance can be completed fully online. The online component typically includes recorded lectures with electronically accessible assignments and examinations. Programs rarely require teacher-student interaction on-campus, though students can communicate with instructors via email, telephone and online messaging.
Asynchronous programs don't typically require special hardware or technical capabilities, aside from a high-speed internet connection and sound. Students usually need an updated word processing application and could have to install a video player, such as Quick Time or Windows Media Player. Programs that make reading materials available online might require a particular application to view texts and assignments.
Coursework for a bachelor's degree in finance typically includes a variety of business courses, such as accounting, management, economics and statistics. These courses all work together with the principles of finance to help with and cost-effective business practices.
Principles of Accounting
Courses in accounting teach students the fundamentals of financial analysis through the use of government, business and organizational financial statements. Students also learn how to make efficient financial decisions.
Principles of Economics
Students typically study both macroeconomics and microeconomics. Macroeconomics deals with larger economic issues, such as interest rates, inflation and monetary policy. Conversely, microeconomics deals with the much smaller economic units on the individual level, including consumer choice, supply/demand and household behavior.
Also known as quantitative analysis, business statistics deals with mathematical business principles. Students learn basic functions for finance, such as linear equations and probability theories.
Courses in financial analysis typically cover forecasting and planning through the use of financial statements. Students learn how to interpret and evaluate data in order to make business decisions.
According to the U.S. Bureau of Labor Statistics, financial analysts were predicted to experience a 6% increase in employment from 2018-2028. The BLS determined that the current growth of global business reflects the growth of the economy, resulting in a greater demand for finance majors who can set up books, give management advice and prepare taxes. In 2018, the BLS reported that financial analysts earned a median annual salary of $85,660.
Continuing Education Information
Master of Business Administration (MBA) degrees are commonly sought graduate options for finance professionals. Many schools offer finance concentrations for MBA programs online. While licensure is not required to work in finance, some employers could require a credential through the Financial Industry Regulatory Authority (FINRA); however, this is not a standard prerequisite for employment. In addition, FINRA offers online courses to help financial analysts continue their education. Furthermore, certification is available through the Chartered Financial Analyst (CFA) Institute. While certification isn't usually required, it can improve career prospects.
Finance degrees at the bachelor's level can be completed fully online through coursework in finance, accounting, economics, statistics, and financial analysis. Students will need to have any required software to complete assignments and exams electronically.