Is a degree in finance worth it?

Yes, a degree in finance is worth it. According to the Bureau of Labor Statistics, finance jobs are expected to grow by 5% in the next 10 years. This is faster than the average for all other jobs.

Degrees like a BA in Finance or a BS in Finance can land you many great job opportunities that have room for career growth and very high salaries.

A degree in finance opens you up to a number of different interesting and exciting career paths in the financial industry. Most large financial firms tend to have strict hiring practices where they seek out top performers with finance degrees from premier universities.

Here are some careers you can pursue with a degree in finance and their average salaries:

• Investment Banking Analyst

In general terms, this position is part investment analyst, part computer tech, and part personal assistant to higher personnel.

They have an average base salary of around $100,000 per year.

• Asset Manager

An asset manager is a financial professional who seeks to aid an investor in gaining more money. They advise and manage a client's investments. This includes things like stocks, bonds, mutual funds, EFTs, and other investments.

The average salary of an asset manager is $79,874 per year.

• Investment Banking Associate

Associates must be skilled in communication because they often act as liaisons between senior banking officials and their team of analysts.

With bonuses and other compensation, a first-year associate can earn up to $225,000 per year, with a base salary of around $150,000.

• Stockbroker

A stockbroker is a financial professional who handles securities transactions for clients. This includes the buying, trading, and selling of stocks. Generally, they look over their various clients' stock portfolios and give them expert advice on the appropriate times to buy more stocks, or sell or trade their stocks.

• Financial Consultant

A financial consultant is a professional that helps an individual or company build wealth. This often includes making investments or other transactions associated with the stock market.

The average salary of a financial consultant is $85,487 per year.

• Investment Banking Vice President

To be a successful vice president one must seek to develop deep and long-lasting relationships with clients and senior banking officials.

Salaries with this role vary but are generally in the $200,000 per year range.

However, the bonuses that come with the investment banking vice president position are often valued at more than their annual salary, meaning some can make half a million dollars or more in a single year.

• Managing Director

A managing director of an investment bank must meet a bank's profit objectives during certain increments of time or they are replaced.

In a bad year, a managing director won't make anything more than their base salary, which is generally close to or above $1 million. However, in a really good year, they can have multi-million dollar salaries when their bonuses are included.