Finance Degrees Still sought after
It’s important to nurture a healthy interest in fiscal matters in your kids from an early age. From buying them polka-dotted piggybanks to opening their first, proper, bank account, teaching your children to look after their money is a valuable life skill. When it comes time to choose an undergraduate degree, if they have shown a proclivity for number-crunching, there are few majors that offer a more stable or rewarding career path than those in finance. Here are some more reasons a finance degree is still a sound investment for your kids.
They’ll always be in demand
Recent employment stats from the US Bureau of Labor Statistics show that available finance jobs are growing faster than those in other sectors, and opportunities for employment are excellent. This tends to be the case wherever you go in the world: there are no cities that operate outside of economic systems, so fluency in finance will make your kids valuable global citizens.
There’s a vast range of specialisms
From fraud prevention to brokerage, your child might grow up to entrap the wolves of Wall Street, or even become one. They can also go on to further study. Pursuing, for example, a Master of Science in Accounting and Finance will equip them with invaluable skills for employment in almost any business, or for setting up on their own.
The pay is superb
The demand for talented finance graduates means that your efforts are more than likely going to be remunerated with an exceptional pay: those who choose to work their first job in an investment bank, for example, have some of the best starting salaries. On the lower end of the payscale, personal financial advisors, finance managers and financial examiners can all expect to make in the region of $60,000 – $70,000. On the higher end, progression to upwards of $100,000 is totally viable in a good company.
They’ll benefit personally
Understanding how to analyse data, having a grounding in economics and nurturing accounting skills are all directly applicable to everyday life. Not only will these skills help your kids to live within their means, they’ll also help with their everyday investments, budgeting for their future, and saving up for the wedding, house or car they have always dreamed of.
Encouraging your kids to follow their passion in life is part and parcel of being a parent. With a finance degree, you’ll have the peace of mind that they’ve taken those crucial first steps to a successful career.
Image by OTA Photos, used under the Creative Commons license.