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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 2018-2019 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 166
Master’s Degree 109
Graduate Certificate 47
Basic Certificate 40
Associate’s Degree 24
Undergraduate Certificate 17

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

Some of the most crucial abilities to master while a other finance and financial management services student include the following:

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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?

166 Bachelor's Degrees Annually
30% Percent Women
17% Percent Racial-Ethnic Minorities*
This major attracts more men than women. About 70% 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:

Racial-Ethnic Diversity of Other Finance and Financial Management Services Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 6
Black or African American 8
Hispanic or Latino 9
White 118
International Students 17
Other Races/Ethnicities 8

Geographic Diversity

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.

Median Salary for an Other Financial Management Major  146,830
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250K
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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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

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.

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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 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
Associate’s Degree 2 1
Bachelor’s Degree 11 6
Post-Baccalaureate 7 1
Master’s Degree 15 1
Post-Master’s 2 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!

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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 51,049
Financial Planning & Services 3,238
Banking and Financial Support Services 1,157
Investments and Securities 229
International Finance 53
Public Finance 50
Credit Management 7

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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