5 Minors to Complement a Finance Degree (2024)

FAQs

What goes well with a finance degree? ›

The careers which a finance degree might prepare you for would include professions such as: bond brokering, corporate finance, financial analysis, financial planning, underwriting, investment banking, venture capitalism, and portfolio management.

With a finance minor to complement your accounting, business analytics, marketing, or management degree, you will differentiate yourself from other job applicants without a finance background. It can also make you a more attractive candidate in the eyes of many hiring managers.

The benefits of earning a finance degree with a minor in accounting can be both professional and personal. You would be entering a career that has endless possibilities, is experiencing continued growth, has competitive pay, allow you to work in a variety of different fields, and increase your own wealth.

Overall, finance students rate their satisfaction with their degree a 3.1 out of 5. This is low compared to other degrees which average a rating of 3.28 across all degrees.

Adding a double major and double minor in college can add great value to your degree by expanding your career pathways, making your resume stand out to employers, and broadening your educational experience.

Minor: Computer science, math, or statistics. You should also consider taking at least 1-2 writing or communication-intensive classes because plenty of students are good with numbers, but many of them cannot communicate with other humans.

Even though students will take more college courses for a major, experts say they shouldn't overlook the importance of determining a minor. “Minors are incredibly important because it's another way to demonstrate to employers that you have an interest in something,” Millay says.

Generally speaking, people consider accounting majors to be more difficult to study and pass than finance majors. And there are a few different reasons for this. The content of accounting majors is, on average, much more technical than for finance majors, and this can make it more difficult.

What are the best majors and minors? ›

The field of finance offers more career choices but also less predictability. In some cases, careers in finance might offer higher pay. Careers in accounting can offer more predictable and stable work but less pay in many cases.

Accounting and finance

Many recommend that you choose one or the other, not both, but accounting skills and knowledge are embedded in finance (especially corporate finance). The opposite is also true, so this double major combination can be valuable regardless of the area in which you ultimately build your career.

A double major in accounting and finance prepares a student to attain the highly sought-after skills and knowledge of statistics, marketing, business principles, and organization behavior, among others.

On average, your business-related major should (theoretically) help you perform better in the technical interviews while also giving you a strong working knowledge of financial concepts and financial modelling.

Depending on the job they accept, B.S. in finance graduates can earn competitive salaries of up to six figures. Graduates with finance degrees might work for employers like private businesses, financial institutions, accounting firms and financial agencies.

Easiest Double Majors

These include combos like English and Communication, Education and Psychology, Political Science and Economics, or Accounting and Finance. Some schools offer special double major programs that make this process far more streamlined.

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Finance degree jobs can provide relatively high pay, stability, opportunities for advancement and consistent demand projections. Careers in finance may also offer flexibility for employees by allowing them to work remotely or in hybrid environments.

Do finance majors have to talk a lot? ›

1. You have stellar communication skills. Financial discussions can get complicated. Whether you're explaining to a client exactly what's happening with their money or you're brokering a complex financial deal, you need to have solid communication skills to keep the process moving smoothly.

While you can receive 15 minors and still pass, three minors for the same mistake will most likely result in a major and a fail.

Thereotically, there is no actual limit on the number of minors you can have. However, 3 minors is equal to a second major, credit-wise, so that would probably be the feasible upper limit if you still wanted to graduate on time. I would ask yourself, why you want to minor in what you are interested in?

While double majoring, students can have a minor. In fact, some students have double majors and double minors, too. It's also possible to have three minors, although sticking to one to two minors is optimum. Some colleges and universities do not allow their students to have more than one minor.

Conclusion. Minoring in accounting can improve your ability to obtain a job or run a business. Even if you don't need a minor to graduate, you may want to consider one that will be beneficial to your career prospects.

Earning your minor in business can also provide you with increased job opportunities due to your additional education and credentials. Many employers look for candidates who are qualified in multiple areas, and business is often a highly sought-after field of study.

For those seeking a career in investment banking, a bachelor's degree in finance is a prerequisite. Other potential acceptable majors include economics or business supplemented with a minor in finance.

While Majors seek to achieve a career goal, Minors seek to compliment it. Although not mandatory, Minors give you an extra competitive advantage for the future. Minors are displayed next to your Major in the Bachelor's diploma and can help illustrate your career goals and/or your personal interests.