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Other Financial Management Major

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Other Financial Management

166 Bachelor's Degrees Annually
109 Master's Degrees Annually
#70 in Popularity
$146,830 Median Salary

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 2019-2020 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 172
Graduate Certificate 95
Master’s Degree 93
Basic Certificate 17
Associate Degree 16
Undergraduate Certificate 13

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:

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  • 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:

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  • 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

Other Finance and Financial Management Services majors often go into careers where the following abilities are vital:

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  • 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?

172 Bachelor's Degrees Annually
31% Percent Women
16% Percent Racial-Ethnic Minorities*
This major attracts more men than women. About 69% of the graduates in this field are male.

Racial-Ethnic Diversity

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

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Race/Ethnicity Number of Grads
Asian 1
Black or African American 14
Hispanic or Latino 10
White 113
International Students 22
Other Races/Ethnicities 12

Geographic Diversity

Students from other countries are interested in Other Finance and Financial Management Services, too. About 12.8% of those with this major are international students.

How Much Do Other Financial Management Majors Make?

Salaries According to BLS

The median salary for someone in a career related to other finance and financial management services is $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.

Median Salary for an Other Financial Management Major  146,830
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Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

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

Find out what the typical degree level is for other finance and financial management services careers below.

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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 2019-2020, 54 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 0
Certificate (2-4 Years) 0 0
Associate’s Degree 2 2
Bachelor’s Degree 13 7
Post-Baccalaureate 0 0
Master’s Degree 12 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!

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

Major Number of Grads
Finance 52,394
Financial Planning & Services 3,544
Banking and Financial Support Services 1,135
Investments and Securities 299
International Finance 73
Public Finance 34
Credit Management 7
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.

More about our data sources and methodologies.

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