Other Financial Management

Types of Degrees Other Financial Management Majors Are Getting

The following table lists how many other finance and financial management services graduations there were in 2020-2021 for each degree level.

Education Level	Number of Grads
Bachelor’s Degree	152
Master’s Degree	105
Graduate Certificate	68
Associate Degree	16
Undergraduate Certificate	11
Basic Certificate	10

What Other Financial Management Majors Need to Know

In an O*NET survey, other finance and financial management services majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.

Knowledge Areas for Other Finance and Financial Management Services Majors

According to O*NET survey takers, a major in other finance and financial management services should prepare you for careers in which you will need to be knowledgeable in the following areas:

• Economics and Accounting - Knowledge of economic and accounting principles and practices, the financial markets, banking and the analysis and reporting of financial data.
• Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
• Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.
• English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
• Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.

Skills for Other Finance and Financial Management Services Majors

The following list of skills has been highlighted as some of the most essential for careers related to other finance and financial management services:

• Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
• Judgment and Decision Making - Considering the relative costs and benefits of potential actions to choose the most appropriate one.
• Speaking - Talking to others to convey information effectively.
• Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
• Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.

Abilities for Other Finance and Financial Management Services Majors

As you progress with your other finance and financial management services degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

• Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.
• Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
• Written Comprehension - The ability to read and understand information and ideas presented in writing.
• Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
• Inductive Reasoning - The ability to combine pieces of information to form general rules or conclusions (includes finding a relationship among seemingly unrelated events).

What Can You Do With a Other Financial Management Major?

People with a other finance and financial management services degree often go into the following careers:

Job Title	Job Growth Rate	Median Salary
Financial Managers, Branch or Department	18.7%	$127,990
Treasurers and Controllers	18.7%	$127,990

Who Is Getting a Bachelor’s Degree in Other Financial Management?

This major tends to be male dominated. About 67% of recent graduates are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of other finance and financial management services majors is as follows:

Race/Ethnicity	Number of Grads
Asian	3
Black or African American	13
Hispanic or Latino	9
White	97
International Students	14
Other Races/Ethnicities	16

Geographic Diversity

Americans aren’t the only ones with an interest in Other Finance and Financial Management Services. About 9.2% of those with this major are international students.

How Much Do Other Financial Management Majors Make?

Salaries According to BLS

Other Finance and Financial Management Services majors often go into careers with median salaries of $146,830. This median refers to all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Amount of Education Required for Careers Related to Other Financial Management

Some careers associated with other finance and financial management services require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to other finance and financial management services have obtained the following education levels.

Education Level	Percentage of Workers
High School Diploma - or the equivalent (for example, GED)	8.6%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production)	0.9%
Some College Courses	3.8%
Associate’s Degree (or other 2-year degree)	1.7%
Bachelor’s Degree	43.5%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master.	13.1%
Master’s Degree	28.2%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession.	0.2%

Online Other Financial Management Programs

In 2020-2021, 58 schools offered a other finance and financial management services program of some type. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level	Colleges Offering Programs	Colleges Offering Online Classes
Certificate (Less Than 1 Year)	0	0
Certificate (1-2 years)	2	1
Certificate (2-4 Years)	0	0
Associate’s Degree	2	2
Bachelor’s Degree	15	7
Post-Baccalaureate	0	0
Master’s Degree	11	0
Post-Master’s	2	0
Doctor’s Degree (Research)	1	0
Doctor’s Degree (Professional Practice)	0	0
Doctor’s Degree (Other)	0	0

Is a Degree in Other Financial Management Worth It?

The median salary for a other finance and financial management services grad is $146,830 per year. This is based on the weighted average of the most common careers associated with the major.

This is 268% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $2,138,600 after 20 years!

Majors Related to Other Financial Management

You may also be interested in one of the following majors related to other finance and financial management services.

Major	Number of Grads
Finance	51,779
Financial Planning & Services	4,087
Banking and Financial Support Services	1,022
Investments and Securities	346
International Finance	123
Public Finance	48
Credit Management	10
Financial Risk Management	1

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

• College Factual
• College Scorecard
• National Center for Education Statistics
• O*NET Online
• U.S. Bureau of Labor Statistics
• Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
• Image Credit: By Dave Dugdale under License

More about our data sources and methodologies.