Some have degrees specific to the field of financial management. While the median annual wage for financial managers in 2020 was $134,180, top earners in the field made over $200,000 per year.įinancial managers typically hold a bachelor’s degree in finance, economics, business administration, or a related field. In fact, they represent some of the most in-demand positions in our ranking. Jobs for financial managers are growing much faster than average, according to the Bureau of Labor Statistics (BLS).
#Best jobs for business majors in college professional#
Students interested in pursuing such a role would benefit from classes or professional development in leadership and management. In addition to tasks directly related to economics and financial matters, financial managers will also be responsible for supervisory duties.
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Some of these include insurance managers, risk managers, credit managers, and controllers, for example. They also examine the “big picture” of a corporation’s finances in order to help businesses achieve long-term financial goals.Īs with many occupations in economics and finances, there are several different types of financial managers. Financial managers keep track of an organization’s revenue, expenses, and investments. Still wondering what can you do with an economics degree? Another career path that leads to high-value paychecks for economics majors is that of a financial manager. This growth can be largely attributed to the aging population, especially baby boomers who are reaching retirement age and require expert financial advice on planning for their golden years.Īlthough top earners in the field of personal financial consulting can expect to earn over $200,000 per year, the BLS reports that the median annual wage for these types of financial specialists was less than $90,000 in 2020.Ī bachelor’s in economics or a closely related field is sufficient for employment as a personal financial advisor, though graduates of a master’s program may have better job prospects. The employment of personal financial advisors is on the rise and growing faster than average, according to the Bureau of Labor Statistics (BLS). Personal financial advisors may also provide consults for preparing taxes, purchasing insurance, and taking on a mortgage, for example. Some of these decisions may involve retirement savings, college funds, stocks and bonds, and other types of investments.
As the name implies, these financial professionals provide expert financial advice to individuals who are making major financial decisions.
Applicants can gain an advantage by earning a professional credential such as the Chartered Financial Analyst (CFA) certification or even a master’s degree.Īnother great economics degree job is that of a personal financial advisor. Because these jobs are so lucrative, though, the competition for available positions is often a challenge. The Bureau of Labor Statistics (BLS) reports that jobs for these financial professionals are growing steadily at a similar rate as the average occupation. These different types of agents may have varying duties such as selling stocks and bonds, providing financial advice and consulting to individuals and companies, and monitoring the growth of investments, for instance. There are different types of securities, commodities, and financial agents, including brokers, investment bankers, and floor brokers, for instance. These financial specialists act as connections between buyers and sellers in the financial marketplace. What can you do with an economics degree? For one, you could pursue a career as a securities, commodities, or financial services sales agent.
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