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 2018-2019 for each degree level.
|Education Level||Number of Grads|
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
Other Finance and Financial Management Services majors often go into careers in which the following knowledge areas are important:
- 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
When studying other finance and financial management services, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:
- 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
Some of the most crucial abilities to master while a other finance and financial management services student include the following:
- 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?
Below is a list of occupations associated with other finance and financial management services:
|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?
At the countrywide level, the racial-ethnic distribution of other finance and financial management services majors is as follows:
|Race/Ethnicity||Number of Grads|
|Black or African American||8|
|Hispanic or Latino||9|
Other Finance and Financial Management Services appeals to people across the globe. About 10.2% 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 the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.
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. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.
Find out what the typical degree level is for other finance and financial management services careers below.
|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%|
|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%|
|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 the 2018-2019 academic year, 58 schools offered some type of other finance and financial management services program. 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)||7||1|
|Certificate (1-2 years)||1||0|
|Certificate (2-4 Years)||0||0|
|Doctor’s Degree (Research)||0||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!
Explore Major by State
District of Columbia
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|
|Financial Planning & Services||3,238|
|Banking and Financial Support Services||1,157|
|Investments and Securities||229|
*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.
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